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True ECN/STP Broker recommendations

  • #162
  • Sep 6, 2017 12:42pm Sep 6, 2017 12:42pm
Quoting adelzadeh
Largest Forex Brokers by Volume in 2016 http://fairreporters.net/economy/lar...olume-in-2015/
Interesting is it independent source that gathers information about volume traded, or sources are brokers themselves?
  • #163
  • Nov 3, 2017 5:22pm Nov 3, 2017 5:22pm
Hello guys i see this thread hasnt been active for some time, was wondering what do you think about FxPro or LCG broker dose anyone have experience with them as far as i can see they good regulated and reputable brokers, any input would help
  • #164
  • Nov 4, 2017 3:44am Nov 4, 2017 3:44am
FXOpen?
  • #165
  • Nov 21, 2017 7:23pm Nov 21, 2017 7:23pm
Hi
Does anyone trade for a long time with the benchmarkfx.co.uk broker? What impressions in general?
thx
  • #167
  • Nov 25, 2017 2:26pm Nov 25, 2017 2:26pm
Quoting Icycool
Hidden
Global Prime is a very good one from what I hear.
  • #168
  • Nov 25, 2017 6:45pm Nov 25, 2017 6:45pm
at the moment I trade in icmarkets. It's okay for now. The only thing that does not like is that they do not freeze trade from 23:55 to 00:10 hours (at which time the spread can expand significantly)
  • #169
  • Jul 21, 2018 10:02am Jul 21, 2018 10:02am
FXpro is good, I have not experience platform freezing during news time but they will charge both commissions and spread especially in their ctrader's platform
  • #170
  • Jul 27, 2018 8:07am Jul 27, 2018 8:07am
Turnkeyforex is a good broker. Low comm $2 rt, 200x lev, trading conditions genuine, no spread widening or sl hunting experienced so far.
  • #171
  • Apr 14, 2019 2:46pm Apr 14, 2019 2:46pm
Quoting Master-Mind
Global Prime , Pepperstone, +all mentioned brokers here with out any expetion are pure and mere market makers.
Global Prime is not MM.
  • #172
  • May 11, 2019 2:55pm May 11, 2019 2:55pm
Quoting sutivserv
Please can anybody recommend any true ECN/STP brokers that have the following attributes: 1. Maximum leverage of 100:1 2. Minimum lot size of 0.1 3. No stop loss hunting 4. No markup on spread 5. Low commission 6. No slippage 7. No re-quoting 8. Low swap
No one can guarantee you that the broker will not hunt your S/L.
  • #173
  • Aug 20, 2019 12:11am Aug 20, 2019 12:11am
If in 2019 anyone still thinks that it's your broker who hunts your stop, you need to look for a different hobby.
Brokers don't hunt your stop, brokers hedge long and short against clients positions. They have to otherwise they would be out of business before the sun comes up.
And why is everybody still talking about ECN as if its a business model? It isn't. ECN = Electronic Communications Network, that's it. Your MT4 is an ECN. Your mobile phone is an ECN. The messenger app on your phone is an ECN.

There are very few pure STP brokers. This is because being a pure STP broker is the least profitable business model in this entire business.
A real STP broker is indeed not a Market Maker. However, guess who they Straight Through Process your trades to? To the major LP's. And 9 out of 10 of these LP's are.......? Tadaaaaa Market Makers.

Don't want "Stop Hunting"? Trade the Weekly chart.
Don't want slippage? Trade with Limit orders only.
Don't want Mark up on Spread? Trade with a pure STP broker
  • #174
  • Oct 18, 2019 4:51am Oct 18, 2019 4:51am
Quoting sutivserv
Please can anybody recommend any true ECN/STP brokers that have the following attributes: 1. Maximum leverage of 100:1 2. Minimum lot size of 0.1 3. No stop loss hunting 4. No markup on spread 5. Low commission 6. No slippage 7. No re-quoting 8. Low swap
No slippage is impossible, and swap determined by the liquidity, not broker in case of true STP.
  • #175
  • Oct 18, 2019 11:30am Oct 18, 2019 11:30am
I have a very important question if anyone can help me.
Since the weekend ( vote in UK parliament) can make a spike in GBP upward to 1.35 or downward to 1.15, I want to know whether the pending Buy Stop order or pending sell stop orders will work in weekend? or the brokers does not allow the pending orders to execute during weekend?
Quick response is much appreciated
Rider of BIIIIG Moves!
  • #176
  • Oct 22, 2019 5:30am Oct 22, 2019 5:30am
Quoting dokijoon
I have a very important question if anyone can help me. Since the weekend ( vote in UK parliament) can make a spike in GBP upward to 1.35 or downward to 1.15, I want to know whether the pending Buy Stop order or pending sell stop orders will work in weekend? or the brokers does not allow the pending orders to execute during weekend? Quick response is much appreciated
Pending orders can't be set up on a weekend since the market is closed. Plus since the market is close the chart won't move at all. Best bet is you sit in front of your computer once the market opens on Monday.
  • #177
  • Oct 31, 2019 8:10am Oct 31, 2019 8:10am
i use lmfx but they dont offer that max lot its 60
  • #178
  • Nov 2, 2019 8:24pm Nov 2, 2019 8:24pm
[quote=Reiziger;12451080]If in 2019 anyone still thinks that it's your broker who hunts your stop
Good Man
Settlement is King
Who ? Where ? and When ? shall remain confidential. Don't like it ?
Who are you ? who are we ?
BTW every note has a number and we know where they are, you can keep it for a while, collect too many and we will come a calling.
  • #180
  • Edited 9:25am Nov 28, 2019 8:55am | Edited 9:25am
I think the only true NDD/non B-book/non MM broker is LMAX; also brokers that can show you the receipt of who has actually taken your trade (counterparty).
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