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broker blues

  • #1
  • First Post: Sep 29, 2006 4:35pm Sep 29, 2006 4:35pm
does anyone have a broker that is client-friendly around news release times? fxsol has been widening to as much as 25 pips for entry stops. to put in a market order around news releases... well lets just say they haven't been accepting on the first try. i am looking for a new broker help!!!!!
  • #2
  • Edited 8:57pm Sep 29, 2006 8:51pm | Edited 8:57pm
Quoting mac
does anyone have a broker that is client-friendly around news release times? fxsol has been widening to as much as 25 pips for entry stops. to put in a market order around news releases... well lets just say they haven't been accepting on the first try. i am looking for a new broker help!!!!!
Hello mac,
You are embarking on a hunt that many have been on for about a month. I am sorry to inform you that the candy store that you have had access to is likely closed for good. Retail brrokers were taking it on the chin filling those orders for you during news and they are just not gonna do it anymore. The only broker that will not widen the spreads now are most likely the ECN style brokers. But when you step into that world you are going to get a dose of trading reality. You will get filled where there are takers. No more WYCISWYG. If you would like a more detailed explanation read the the first post/article in this thread.

http://www.forexfactory.com/forexfor...ead.php?t=8046
Profit is where readiness meets Opportunity
  • #3
  • Oct 6, 2006 2:44pm Oct 6, 2006 2:44pm
Quoting TheRumpledOne
I use www.efxgroup.com

I was in/out the GBPUSD for 44 pips in 3 minutes at news time today.

Complete fill on entry/exit.
Impressive. How do you think their spreads/commisions compare to some of the other brokers out there? I know this isnt always a representation of how good any particular broker is, sometimes you get what you pay for.
  • #4
  • Oct 6, 2006 2:51pm Oct 6, 2006 2:51pm
Quoting twinchell
Impressive. How do you think their spreads/commisions compare to some of the other brokers out there? I know this isnt always a representation of how good any particular broker is, sometimes you get what you pay for.
EFXGroup charges $5.00 per $100,000 USD traded (this is one-way...you pay another $5.00 on the way back). Spreads are variable (majors are from 0.5 to 3 pips), BUT you're allowed to placed trades within the spread.

EFXGroup is an IB for MBTrading.
  • #5
  • Last Post: Oct 6, 2006 6:31pm Oct 6, 2006 6:31pm
Quoting mrmikal
EFXGroup charges $5.00 per $100,000 USD traded (this is one-way...you pay another $5.00 on the way back). Spreads are variable (majors are from 0.5 to 3 pips), BUT you're allowed to placed trades within the spread.
Any experience with placing trades within the spread? Getting filled etc?
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