The proof of the pudding - at least someone is getting some money back from one of these damn prop firms:
https://www.forexfactory.com/thread/...2#post13109612
https://www.forexfactory.com/thread/...2#post13109612
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Disliked{quote} I'm sorry but that is complete BS. Your broker can B book you and your LP has nothing to do with it. And many brokers can B-book without manipulating. They don't need to manipulate cause retail failure is high enough all on its own.Ignored
QuoteDislikedIf you are talking about a SWAP fee, everybody has a swap fee cause there is a swap market, lol.
Disliked{quote} Is English your first language? You have not comprehended what I wrote in my post. {quote} Nonsensical! If positions are not rolled in the market there is no SWAP. If a broker has B-booked you and is charging you a swap fee at the same time it is theft. {image}Ignored
Disliked{quote} Spread on FTMO-LMAX is currently 2.6. But I noticed it fluctuates around 1.8 to high of 2.8 pips. Why is FTMO-LMAX spread higher than real "LMAX"? Are they also milking their investors on pip spread? This needs to be answered. Why is your spread different from the real LMAX spread? This might seem minor but it can also be a difference between success and failure for FTMO Challengers, also, FTMO needs some explaining on why there are unusual price movements not being seen on other brokers and from real LMAX feed. (There are others who noticed this too) {image}Ignored
DislikedLMAX Demo feed complaint - 2020-Jul-10 Ok, after a little evaluation it is very clear that the data for LMAX demo is very very bad, while your FXCM feed is by far the best I have ever seen for FX, CFD (please do not ever ever get rid of it, the detail in the tick level is phenomenal and my trading method depends on this clarity in tick bars). source - https://www.sierrachart.com/SupportB...ThreadID=50314Ignored
Disliked{quote} CADJPY still ~1/1.1 pips in Sierra at the moment. {image} {quote} But it does not answer some other user's question why FTMO - LMAX Demo feed is even worth than the standard LMAX available in Sierra. I do not want to argue with the user on the Sierra forum, but LMAX price feed is not "very very bad". Why very very bad, from what perspective? These comments usually comes from newbie users who do not know spread is sort of dynamic, so can be widen during news, rollovers etc.Ignored
Disliked{quote} I am curious. What is your pricing? I took a 20 second video of my spread on CADJPY. I'm right around that 1.0-1.1 as you mentioned. https://www.screencast.com/t/Cz0q5dX6m How different is yours? I occasionally get the 1.3 or 1.4 when it starts moving, but I also got a 0.9Ignored
DislikedIts easy pass demo challenges and look I have margin for pass 100k too. We will see how finish week {image}Ignored
Disliked{quote} Yeah I know it's easy. I'm taking the free trial right now. I just noticed some unusual moves in prices and want answers and I'm not the only one that saw some unusual price moves. Also, spread sucks and why is it higher than LMAX. {image}Ignored
Disliked{quote} I understand but at least in my side all that issues not affects my trading. Really I saw worst things in forex like fake spikes of 500p. Maybe most interesting question is about commissions and swaps knowing you are using demo account and maybe they pay lower commissions that small retail traders PS: Are you trading manual or self auto?Ignored
DislikedHi Simon91.......Our FTMO platform will soon switch to using multiple liquidity providers, which will help to both improve liquidity and decrease the spreads, .....
.....
Hello CeeSo .........In order to improve liquidity and decrease spreads, we have arranged several other liquidity providers for our FTMO platform. The MT5 and cTrader already uses aggregated liquidity and we will make the switch on MT4 soon as well.Ignored
There are a whole host of considerations regarding the above and further FTMO detailed clarification would be appreciated.
In the interim here are some documentation considerations.
Disliked{quote} - Further to above, FTMO clients trading with LMAX are isolated from Purple Trading liquidity and visa versa. So if instruments A is cheaper on LMAX and instrument B is cheaper on Purple Trading clients trading instrument A & B can get only one - and only one - of the cheaper options. The only way this could be over come is if all liquidity were accessible from a composite source. Considering FTMO is not a brokers and the prohibitive costs of DIY liquidity aggregation infrastructure and maintenance - I cannot envision an FTMO accomplishment...Ignored
We're on a lmax demo, the whole more LP thing with a parent company being the LP doesn't sound do-able. This doesn't mean that FTMO is also on a LMAX live. In fact, they probably aren't. Just another reason why the need for no news trading. Different feeds. Makes sense actually.
If it can't actually be done, this is much better handled by calling their rep at LMAX and saying the distortion of spread on these demos need to stop. Even if it means fixing price for that hour. I opened 3.84 lots today on ECAD close to the low, spread today jumped to 60 pips. It pushed my DD just 400$ shy of hitting the 2500$ limit, and I just started this account, too. It added 1800$ in DD. I took a video of it as well just in case it did hit my limit, but thankfully it didn't. That level of price distortion is NOT normal, or what "most brokers" experience on a Wednesday to Thursday rollover.
No one could ever fully do clause 6 cause forex isn't a centralized market like equities, but companies like IS-Prime are as close as it gets.
Disliked{quote}
LMAX RTS Report yr 2020: it will be noted that with the exception of Contracts for Difference - Commodities: Proportion of volume traded as a percentage of that class: Goldmam Sachs 85 %, liquidity of all other instrument classes are fully LMAX inhouse.Ignored
Disliked{quote} So, again, FTMO is a liquidity provider (LP), Purple Trading is a broker. Brokers send the orders to LP's. So I was curious as to how many LP's Purple Trading has. According to their CEO, they only have 4 LP's, but their two most commonly used LP's are LMAX and IS-Prime. And IS-Prime is similar to your composite idea, where they have aggregated pricing bridged from all the best, tier1 LP's, including hedge funds, banks, etc. Purple trading isn't going to experience what the LMAX clients experience for two reasons. Purple trading has 4 LP's...Ignored
Disliked{quote} So, again, FTMO is a liquidity provider (LP), Purple Trading is a broker. Brokers send the orders to LP's. So I was curious as to how many LP's Purple Trading has. According to their CEO, they only have 4 LP's, but their two most commonly used LP's are LMAX and IS-Prime. And IS-Prime is similar to your composite idea, where they have aggregated pricing bridged from all the best, tier1 LP's, including hedge funds, banks, etc. Purple trading isn't going to experience what the LMAX clients experience for two reasons. Purple trading has 4 LP's...Ignored