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CoesFX and MT4

  • #101
  • Sep 14, 2006 10:52am Sep 14, 2006 10:52am
Quoting smjones
Burgerking, Who at SBFX wrote this? I have no opinion on these two brokers, but this letter is completely unprofessional. Several words are misspelled. The grammar is terrible. I sure hope this is not the image SBFX is attempting to project.. This looks like it was written by a adolescent. What is this no names stuff?

I am sorry, but I am having a hard time with the authenticity of this letter... Scott
I have the link posted.

I am not taking any sides here.

I am very concern as I too am very much interested in opening an account with COESFX. I already have my application filed and ready for funding; but recent events with other brokers make me hesitant in funding money by wire. The last broker (i had) that required funding via wire was far more dubious that FXCM and have my money as hostage.

Perhaps once all the dust and smoke clears, we can judge coes clearer. Right now, it seems not to be the right time.
  • #102
  • Sep 14, 2006 10:55am Sep 14, 2006 10:55am
Quoting Razzle

The banner advertising their “rule based fully programmable TRADDING platform” always makes me laugh
<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>
Raz<o></o>
Oh that is just sad. I don't know whether to laugh or offer sympathy..
  • #103
  • Sep 14, 2006 10:59am Sep 14, 2006 10:59am
Quoting smjones
Oh that is just sad. I don't know whether to laugh or offer sympathy..
Offer an English 101 course perhaps?
  • #104
  • Sep 14, 2006 11:00am Sep 14, 2006 11:00am
LOL! That's a very accurate description of their postings. It's actually quite endearing. If it weren't for their incessant censorship of links throughout the forum, I would enjoy visiting there more often.

The reason I implied that this was really something coes initiated, not SBFX is just a matter of basic business practice. SBFX is probably ticked off at how they feel they were treated by CoesFX. But, and I'm only guessing here, CoesFX probably made some purposeful changes to their arrangement with SBFX since their plans changed over the summer after purchasing an in-house copy of MT4.

Think about it from a business perspective. Suppose you white label a product to a particular entity and they take that to the market. Everything's good, until your strategy changes and you begin to go after the same market. But, this partner of your's is offering the SAME product at half the price. What would you do? You'd do whatever you could to change the pricing or terminate the relationship.

So, I think you probably have the perspective of SBFX here, and it's probably a pretty accurate perspective. But, it reflects the reality of the situation, which is that CoesFX is serious about bringing an MT4 version to market. Ahh, the ugliness of business.

Quoting Razzle
I’ve absolutely no doubt that the letter is authentic, the writing style of the admin and various shrills over at SBFX is quite unique. The standard of literacy is generally quite appalling. I hate to say it but this is probably one of their better efforts at communication.
<o></o>
Sadly this is the image they do project, almost daily, and they seam quite comfortable to do so. Despite this the punters seam to lap it up. Most of the time I’m mildly amused to see their posts, but occasionally I’m genuinely troubled. <o></o>


The banner advertising their “rule based fully programmable TRADDING platform” always makes me laugh
<o></o>
Raz<o></o>
  • #105
  • Sep 14, 2006 11:03am Sep 14, 2006 11:03am
BK,

You know I'm an advocate of CoesFX. Perhaps I talk myself into it because I've had other negative experiences with other brokers and things are going well with them. In any case, this may come as a surprise, coming from me, but, I think this is a very wise move. It doesn't have anything to do with CoesFX. But, I think you need to feel comfortable and confident with your broker, or else it impacts your trading. I was gun-shy for 3 weeks because of my experience with FXDD. It wasn't a good frame of mind. So, take your time, evaluate your options, and go with the one you're comfortable with.

I'll keep people posted on my experience with them and maybe that will help, I don't know.

stockwet

Quoting BurgerKing
I have the link posted.

I am not taking any sides here.

I am very concern as I too am very much interested in opening an account with COESFX. I already have my application filed and ready for funding; but recent events with other brokers make me hesitant in funding money by wire. The last broker (i had) that required funding via wire was far more dubious that FXCM and have my money as hostage.

Perhaps once all the dust and smoke clears, we can judge coes clearer. Right now, it seems not to be the right time.
  • #106
  • Sep 14, 2006 12:53pm Sep 14, 2006 12:53pm
Quoting stockwet
BK,

You know I'm an advocate of CoesFX. Perhaps I talk myself into it because I've had other negative experiences with other brokers and things are going well with them. In any case, this may come as a surprise, coming from me, but, I think this is a very wise move. It doesn't have anything to do with CoesFX. But, I think you need to feel comfortable and confident with your broker, or else it impacts your trading. I was gun-shy for 3 weeks because of my experience with FXDD. It wasn't a good frame of mind. So, take your time, evaluate your options, and go with the one you're comfortable with.

I'll keep people posted on my experience with them and maybe that will help, I don't know.

stockwet
I am going to watch with interest too. I have a decent sized account with COESFX but still have yet to place a trade. As we talked about before, I noticed the spreads were higher and that "1 pip" comment explains part of it. However as you and I agree, Joe seems to be on top of it when it comes to responsivness.
  • #107
  • Sep 18, 2006 8:28am Sep 18, 2006 8:28am
Quoting smjones
I agree, no info about account requirements and no listing of spreads or currencies available. They have a phone number and are in California and are registered... Also, are they an ECN or a market maker?
what are fxlq.com emails? info@fqlx... doesn't work for me
  • #108
  • Sep 24, 2006 9:24pm Sep 24, 2006 9:24pm
Hey Stockwet!

I'm now demo trading with interbankfx on the MT4 platform on my PDA at work. Does COESfx have a PDA trading platform or would it use the MT4 software that I currently am using (downloaded from the metaquotes website)?
  • #109
  • Sep 25, 2006 3:36am Sep 25, 2006 3:36am
I think the PDA version is supported by all versions of the Metatrader server, so if they dont support right this second, they should real soon.

By the way, any broker on the third planet from the sun is better than Interbank-FX (Aka Inter-SUX, Interbank-steal-your-ass, Interbank-crap)

I have a screen shot from one of the traders on my team showing the slippage last night was 11 pips for Pound, 14 pips for Euro.

I believe if you Google these words you will get a hit:

"interbankfx, slippage, legendary"
  • #110
  • Sep 25, 2006 7:18am Sep 25, 2006 7:18am
That's probably true about ibfx. However, I think mwfromva is fairly new and was looking for someone offering micro accounts. And heck, if you can trade successfully with ibfx, you'll be able to trade successfully with anyone. At least, that's my positive thinking kicking into gear this morning.

I'll ask the guys at CoesFX about PDA trading. I don't know what it will take to enable it on the backend. I wonder if all it is is getting the PDA version to be able to see the appropriate broker server. Is there a hack on the PDA version to add a server file so that any broker can be added as long as you have the server file?

Quoting rogue_wave
I think the PDA version is supported by all versions of the Metatrader server, so if they dont support right this second, they should real soon.

By the way, any broker on the third planet from the sun is better than Interbank-FX (Aka Inter-SUX, Interbank-steal-your-ass, Interbank-crap)

I have a screen shot from one of the traders on my team showing the slippage last night was 11 pips for Pound, 14 pips for Euro.

I believe if you Google these words you will get a hit:

"interbankfx, slippage, legendary"
  • #111
  • Sep 25, 2006 2:38pm Sep 25, 2006 2:38pm
I faintly remember having to choose a broker's server after I downloaded the PDA software. I couldn't begin to tell you if COESfx was an option.

I can say that if it is an option, I trust Stockwet's opinion on this one and will go live with COESfx.

You did say they do mini accounts, or no?
  • #112
  • Sep 25, 2006 2:52pm Sep 25, 2006 2:52pm
Quoting mwfromva
I faintly remember having to choose a broker's server after I downloaded the PDA software. I couldn't begin to tell you if COESfx was an option.

I can say that if it is an option, I trust Stockwet's opinion on this one and will go live with COESfx.

You did say they do mini accounts, or no?
Yes, they do offer mini accounts. However, the reasons I like CoesFX might not be relevant for your trading style. I trade a 15 min breakout strategy, so, slips and spreads are important. If you're a longer term trader, I think you have more options. I was recently looking at ACM-Markets and they look impressive, though they don't support MT4. The Fibo Group and Alpari also look interesting, but, they're weak on regulation. Try to find the right broker to fit your trading style. CoesFX is pricey because you have to pay the commission. But, I'm willing to do that to trade with an ECN. Make sense?
  • #113
  • Nov 20, 2006 9:16pm Nov 20, 2006 9:16pm
Quoting stockwet
Yes, they do offer mini accounts. However, the reasons I like CoesFX might not be relevant for your trading style. I trade a 15 min breakout strategy, so, slips and spreads are important. If you're a longer term trader, I think you have more options. I was recently looking at ACM-Markets and they look impressive, though they don't support MT4. The Fibo Group and Alpari also look interesting, but, they're weak on regulation. Try to find the right broker to fit your trading style. CoesFX is pricey because you have to pay the commission. But, I'm willing to do that to trade with an ECN. Make sense?
So...what's going on with CoesFx.. any news?
  • #114
  • Nov 20, 2006 9:52pm Nov 20, 2006 9:52pm
I don't know much. I did get a PM today from someone who read my recommendation of CoesFX from this thread. I should probably reiterate here that I cannot recommend CoesFX any longer as a viable broker. I had an excellent experience with them from a trading perspective. But, they've seriously compromised the integrity of their business with their misteps with the NFA. I don't think that CoesFX will recover from these latest problems.

Quoting Neznaika
So...what's going on with CoesFx.. any news?
  • #115
  • Dec 15, 2006 8:54pm Dec 15, 2006 8:54pm
I too had an account at coesfx i found the company to be poorly ran however my broker was outstanding and the platform was for the most part very reliable and fair. i've since moved my account from the ecn to spot-trader an off shoot of coesfx with the same sales people but different clearing and management...i've been overwhelmingly happy with the mt4 and feel like a moron for not using an mt4 with direct passthrough all along.

BTW does anyone know how i can run 1 EA on multiple accounts at the same time?

Thanks
  • #116
  • Aug 26, 2007 5:41pm Aug 26, 2007 5:41pm
.."ecn to spot-trader an off shoot of coesfx"..

Can you post the details of your set up, thx
  • #117
  • Aug 26, 2007 6:36pm Aug 26, 2007 6:36pm
http://atcbrokers.com/index_forexpro.htm
If I Go Broke Trying Then I Will die happy.
  • #118
  • Aug 26, 2007 7:06pm Aug 26, 2007 7:06pm
Quoting Moe
http://atcbrokers.com/index_forexpro.htm
http://www.forexfactory.com/showpost...64&postcount=5
  • #119
  • Aug 26, 2007 7:49pm Aug 26, 2007 7:49pm
So AtcBrokers have two MT4 services

MT4
MT4 Pro

Is it intended that 'MT4 Pro' is to be ECN and 'MT4' is not, I am confused.

MT4 spread on GBPUSD is stated as 3 pips,. but I cant see if this is ECN or not or if spread is fixed or not, nor can I see if there are fees or whatever added on...!!!
  • #120
  • Aug 26, 2007 10:05pm Aug 26, 2007 10:05pm
Right now MT4 is retail. In the future, I bet there will be a choice between MT4 and the other platforms (available now) for ECN use.
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