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Difference in price between brokers is ridiculous

  • Post #1
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  • First Post: Edited 2:01pm Oct 18, 2015 1:50pm | Edited 2:01pm
  •  drammen
  • | Joined Feb 2015 | Status: Dee50's Disciple | 177 Posts
Check out the DAX from 16th October from three brokers. Highlighted some important areas.

FxPro cTrader
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ICMarkets MetaTrader 4
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FXCM Trading Station
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We're talking at least 50+ pips difference. Also, THIS might be an interesting read.
"...25% of the time I was trading the firm's money, while 75% of the time I was tasked with figuring out which clients we could bet against and which clients we should target to attempt to reverse engineer their strategies...". Don't know how reliable that is, but still interesting.
Energy, frequency and vibration.
  • Post #2
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  • Oct 18, 2015 2:50pm Oct 18, 2015 2:50pm
  •  Lacunoide
  • | Joined Sep 2013 | Status: Member | 671 Posts
Quoting drammen
Disliked
Check out the DAX from 16th October from three brokers. Highlighted some important areas. FxPro cTrader {image} ICMarkets MetaTrader 4 {image} FXCM Trading Station {image} We're talking at least 50+ pips difference. Also, THIS might be an interesting read. "...25% of the time I was trading the firm's money, while 75% of the time I was tasked with figuring out which clients we could bet against and which clients we should target to attempt to...
Ignored
You just discovered arbitrage!!!

In economics and finance, arbitrage (US /ˈɑrbɨtrɑːʒ/, UK /ˈɑrbɨtrɪdʒ/, UK /ˌɑrbɨtrˈɑːʒ/) is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices.
Buy at the Low, Sell at the High You make money by waiting not by trading.
 
 
  • Post #3
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  • Oct 20, 2015 4:45pm Oct 20, 2015 4:45pm
  •  drammen
  • | Joined Feb 2015 | Status: Dee50's Disciple | 177 Posts
Quoting Lacunoide
Disliked
{quote} You just discovered arbitrage!!! In economics and finance, arbitrage (US /ˈɑrbɨtrɑːʒ/, UK /ˈɑrbɨtrɪdʒ/, UK...
Ignored
It's still ridiculous though. I have heard a difference in couple of pips, but not by this scale.

This is DAX M1from 19th October.

FxPro Ctrader
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FXCM Trading Station
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Metatrader 4 ICmarkets
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IG Markets
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Energy, frequency and vibration.
 
 
  • Post #4
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  • Oct 21, 2015 1:35am Oct 21, 2015 1:35am
  •  Dkam
  • | Joined Jul 2013 | Status: Member | 297 Posts
Compare the charts with the one on this site: http://www.investing.com/charts/currency-charts
Make sure you select DE30 Future, not index.
I used to trade CFD's with ActivTrades and their price always matched the correct futures prices.
 
 
  • Post #5
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  • Oct 26, 2015 2:23pm Oct 26, 2015 2:23pm
  •  asrona
  • | Joined Oct 2015 | Status: Member | 57 Posts
Quoting drammen
Disliked
{quote} It's still ridiculous though. I have heard a difference in couple of pips, but not by this scale. This is DAX M1from 19th October. FxPro Ctrader {image} FXCM Trading Station {image} Metatrader 4 ICmarkets {image} IG Markets {image}
Ignored
I see they are same, aren't they?
 
 
  • Post #6
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  • Nov 6, 2015 5:05am Nov 6, 2015 5:05am
  •  leebsurag
  • | Membership Revoked | Joined Oct 2013 | 877 Posts
In flat market their charts may bear great resemblance but during high volatility or news trading its important to consider slippage or spread widenings difference as this problem most traders are facing with..
 
 
  • Post #7
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  • Nov 8, 2015 7:55pm Nov 8, 2015 7:55pm
  •  trader2077
  • | Membership Revoked | Joined Nov 2015 | 9 Posts
It' ridiculous that people trade with MM are using their making price. Before trade with any MM broker you guy should read the review about what's percentage of customer of that broker is profitable, burned their account.... It's very different from broker to another broker. It's best to choose an ECN broker to trade with real data price
 
 
  • Post #8
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  • Last Post: Nov 9, 2015 3:04am Nov 9, 2015 3:04am
  •  leebsurag
  • | Membership Revoked | Joined Oct 2013 | 877 Posts
Quoting trader2077
Disliked
It' ridiculous that people trade with MM are using their making price. Before trade with any MM broker you guy should read the review about what's percentage of customer of that broker is profitable, burned their account.... It's very different from broker to another broker. It's best to choose an ECN broker to trade with real data price
Ignored
Easy in theory but hard to put into practice. Only consistent profitable trading can show how good is your broker at filling your orders and profit paying..
 
 
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