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FxPro xTrader ECN

  • Post #1
  • Quote
  • First Post: Mar 23, 2011 5:43am Mar 23, 2011 5:43am
Surprisingly FxPro has launched an ECN solution yesterday, called xTrader, can be found here https://www.fxpro.com/downloads/platforms/ecn

Also, just found there really interesting stuff on their site:

FxPro brings together Morgan Stanley International as its primary broker; Credit Suisse, Nomura, Commerzbank, BNP Paribas as its liquidity providers; and Currenex and xTrader as its software service partners to provide traders with access to an ECN with deep liquidity on more than 20 currency pairs.

I have NOT tried the real environment of the xTrader, even thou i am live client of theirs. I really hope its as good as it looks from 'outside'
I've done some reading on their website. So the leverage 1:1-1:100, spreads about 0.5-0.8 now on E/U, Min trade size 40k, min deposit 1k and they charge 30$ for 1 mil traded. Anyone opened a real on ECN with them yet?
Quoting Rader
I've done some reading on their website. So the leverage 1:1-1:100, spreads about 0.5-0.8 now on E/U, Min trade size 40k, min deposit 1k and they charge 30$ for 1 mil traded. Anyone opened a real on ECN with them yet?
$ 30 I would say that is too much. Alpari has charged $ 6.

Waiting for new about ProFx ECN.
30$ p/m per round is competitive even compared with Duka and MBT. Alpari with MT ecn is on 30 as well(not sure where 6 came from). Bear in mind Alpari with ECN MT4 has 300k min tradable size per ticket wheres FxPro xTrader is 40k. anyways its more about the platforms now
John i think you have gotten something wrong. If 30$ is for 1 mil then for 100 k it would be 3$. And it is a very good price imo. I'm observing the Demo and the spreads barely touched more than 1 pip. So for now, it look pretty good.
I'm thinking of opening an ECN acc with fxpro. I've been trading demo since yesterday, and up until now, everything seems fine. I like the platform. It lacks some functionality, but it has everything i need to trade. I've noticed only one weird thing - you are able to put S/L and T/P only when the order is created. Can't do it when creating. Not bad thou, minor inconvenience. The spread for eurusd didn't go more than 1 pip. It would be good to get some feedback if any of you have opened an account by now.
May the Force be with You
Quoting alex_000
I've noticed only one weird thing - you are able to put S/L and T/P only when the order is created. Can't do it when creating.
This is common because, in ECNs, it's impossible to know the execution price in advance.
Didn't know that
May the Force be with You
Quoting squaw
30$ p/m per round
per side
  • Post #10
  • Quote
  • Edited 7:05pm Mar 24, 2011 12:49pm | Edited 7:05pm
Just asked them a couple of questions about the ECN account they are offering:

They do ask $30 commision for 1 Lot.

For the ones that are interested in hedging/scalping:

Hedging is not allowed, Scalping is.

Minimum ammount: $ 1000

Update: Made a huge mistake! They are not charging $30 ... but 30 EURO for one lot. That's 2 x $4.25 = $8.50
Quoting Liza0001
They do ask $30 commision for 1 Lot.
.
for 1 million $ per side ...
  • Post #12
  • Quote
  • Edited Mar 25, 2011 6:20am Mar 24, 2011 1:45pm | Edited Mar 25, 2011 6:20am
Yes :-) So $6 to open and close a position (100.000).

I personally like the platform (clean and simple), as well as the one click trading option. Till now the order processing is super fast.


Attachment 667322

Attachment 667323



Update: Made a HUGE mistake! They are not charging $30 for one lot, but 30 EURO ..... that's 2 x $4,25= $8.50
Quoting Liza0001
Yes :-) So $6 to open and close a position (100.000).

I personally like the platform (clean and simple), as well as the one click trading option. Till now the order processing is super fast.


Attachment 667322

Attachment 667323



Update: Made a HUGE mistake! They are not charging $30 for one lot, but 30 EURO ..... that's 2 x $4,25= $8.50
I don't like black color of the platform, prefer white.

Did you min 3 EURO per turn - 6 EURO per round turn - $ 8.5 ???
Let's clear up something - 1lot = 100k. So, 30$ for 10 lots.
Quoting Rader
Let's clear up something - 1lot = 100k. So, 30$ for 10 lots.
30 $ for 1 million $ per side

example : 100k GBP/USD would cost = 3 pounds in 3 pounds out = 6 pounds = 9.65$ total = nearly one pip .
Quoting JohnFX_King
Did you min 3 EURO per turn - 6 EURO per round turn - $ 8.5 ???
for 1 lot=100k , thats correct ...
How did you come up with this number? :] 3 open + 3 close + spread
Quoting Rader
How did you come up with this number? :] 3 open + 3 close + spread
forget about the spread i am talking about the commission , 30 $ for 1 million $ traded , 3 $ for 100 K $ traded
Try the demo u will c how much they will charge u ...
Just did it. Commision 6$
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Quoting Rader
Just did it. Commision 6$
For 100K Eur/USD it is 6 euros total = 8.5 $
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