Any ECN with MT4 trading platform? | Forex Factory

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Any ECN with MT4 trading platform?

  • #1
  • First Post: Nov 25, 2006 3:21am Nov 25, 2006 3:21am
Folks,
Anyone knows any ECN that support MT4 trading platform?

Thanks
  • #2
  • Nov 25, 2006 11:13am Nov 25, 2006 11:13am
Quoting forexplayer
Folks,
Anyone knows any ECN that support MT4 trading platform?

Thanks


SpotTrader,

I think they are part of CoesFX
  • #3
  • Nov 25, 2006 1:16pm Nov 25, 2006 1:16pm
Thanks James. Anyother ECN with MT4 support that you folks know of?
  • #4
  • Nov 25, 2006 9:04pm Nov 25, 2006 9:04pm
A employee of EFX Group (IB firm of an ECN, MB Trading) explained that MT4 is not really compatible with ECNs.
  • #5
  • Nov 25, 2006 11:17pm Nov 25, 2006 11:17pm
Quoting alex2006
A employee of EFX Group (IB firm of an ECN, MB Trading) explained that MT4 is not really compatible with ECNs.
hmmm... i wonder why?

Ok, let me add something more to my question on this thread:

Any ECN broker that has a trading platform that has a programmable interface(API)? It could be programming even in hebrew, i dont care . As long as it has an interface which a programmer can use to write a program that can execute trades as per the trader's system logic.

Any ideas, any knowledge of such existence folks?

Many thanks.
  • #6
  • Nov 26, 2006 7:25am Nov 26, 2006 7:25am
Quoting forexplayer
hmmm... i wonder why?

Ok, let me add something more to my question on this thread:

Any ECN broker that has a trading platform that has a programmable interface(API)? It could be programming even in hebrew, i dont care . As long as it has an interface which a programmer can use to write a program that can execute trades as per the trader's system logic.

Any ideas, any knowledge of such existence folks?

Many thanks.
I might have misunderstood what they said. Maybe MT4 is just incompatible with THEIR ECN. In a reply, Justin LeBlang
said, "After careful research we have recently come to the conclusion it will not be possible for us to work with MT4. Metatrader was built for a deal desk type platform only. By offering MT4 our clients would no longer be able to receive partial fills, trade between the spread at 1/10th of pip, or have access to our ECN level ll benefits. This was something we were just not willing to sacrifice."

Hope this wouldn't confuse you more.
  • #7
  • Aug 28, 2007 6:33pm Aug 28, 2007 6:33pm
ATCbrokers.com seam to be doing something with ECN

See MT4 Pro service on there site.
  • #8
  • Aug 28, 2007 9:01pm Aug 28, 2007 9:01pm
if the guys at metatrader was smart they will make there platform compatible with ecn, they can corner the platform market by doing this, they or the number 1 retail plaform, why not take over the ecn market.
If I Go Broke Trying Then I Will die happy.
  • #9
  • Aug 29, 2007 1:04am Aug 29, 2007 1:04am
Quoting Moe
if the guys at metatrader was smart they will make there platform compatible with ecn, they can corner the platform market by doing this, they or the number 1 retail plaform, why not take over the ecn market.
If you were the guys at MT, would you rather sell 20 licenses at $100,000 a piece to 20 different platforms, or sell 1 license to 1 platform because everyone would want to trade on that platform?
FXChant Singing the World of Forex
  • #10
  • Aug 29, 2007 1:32am Aug 29, 2007 1:32am
Fastbrokers has it:

http://www.fastbrokersfx.com/tabs/pop1.php

You can actually see the spread widening and closing on the MT4 chart.
  • #11
  • Aug 29, 2007 12:34pm Aug 29, 2007 12:34pm
Just got off the phone with Draquino Andiosi (his real name) at Fastbrokers....

NFA #: 8342002

The minimum requirment for a "professional" MT4 account has been lowered from 50K to 10K!!

There are no monthly roundturn requirements (WooHoo!)

Commission is $10/roundturn + spread (which can be zero or more)

FXLQ (Forex Liquiditity) is the clearing house (not exactly an ECN, but provides liquidity)


I don't know about you guys, but I am just a bit excited about this.
  • #12
  • Aug 29, 2007 1:16pm Aug 29, 2007 1:16pm
FXLQ has 36 million in operating capital, far above the 5 mil requirement.

Draquino claims FB doesn't need 5 mil because they are an IB to FXLQ.
  • #13
  • Aug 29, 2007 1:23pm Aug 29, 2007 1:23pm
FastBrokers have a LOT of requotes.
  • #14
  • Aug 29, 2007 1:25pm Aug 29, 2007 1:25pm
Lots of requotes on the retail, sure. But the professional is a pass-through.... should be different.
  • #15
  • Aug 29, 2007 2:44pm Aug 29, 2007 2:44pm
I assume FastBrokersFx.com Pro service will use MT4.

There website on this subject seams to be under construction.

MT4 and ECN is very new...thus another 6 months may the victor emerge.
  • #16
  • Aug 29, 2007 4:18pm Aug 29, 2007 4:18pm
Actually that is the ATCbrokers MT4 Currenex that is under construction.... please correct me if I am wrong.

Fastbrokers offers Currenex behind Strategyrunner at this time. FXQL IB is behind MT4. I can't tell you how glad I am to see this.... the potential at least.
  • #17
  • Aug 29, 2007 6:16pm Aug 29, 2007 6:16pm
www.fxlq.com I cant see any reference to MT4 from there website.

Also what has www.currenex.com goto to do with ACTBrokers.com
  • #18
  • Aug 29, 2007 6:27pm Aug 29, 2007 6:27pm
Currenex will be the ECN that sits behind MT4 (at ATC) when they complete the new technology.

FXLQ has an ECN.... they ARE the technology company (like Currenex is,) and fastbrokers is a clearing house that offers MT4 as a passthrough to the FXLQ liquidity. More succinctly, your money passes through fastbrokers (where they apply leverage and charge commission) and ultimately goes out into the REAL market at FXLQ.

You -> fastbrokers -> FXLQ -> market

You -> ATCBrokers -> Currenex -> market
  • #19
  • Aug 29, 2007 6:38pm Aug 29, 2007 6:38pm
So FastbrokersFX/FXLQ and ATCBrokers/Currenex must be building a in house development to allow MT4 to connect directly to ECN, as its my understanding that MT4 was designed for a 'dealing desk ' ( ie forex retail ) operation not an ECN operation.

I have read some where that ATCBrokers are developing this themselves, rather than Currenex doing the work.

http://www.forexfactory.com/showthread.php?t=44243 Post 5 ( by yourself tidion)
  • #20
  • Aug 29, 2007 7:00pm Aug 29, 2007 7:00pm
Any work to modify MT4 will be done by the broker (ATC, fastbrokers.) The ECN (Currenex, FXLQ) have nothing to do with that..... they just provide an API that the clearing house must work with.

The ECNs are technology companies, whose responsibility is solely to provide liquidity to clearing houses. How the clearing house integrates with the ECN is not a concern to the ECN.

Another example:
You -> VCap futures (clearing house) -> FCStone -> FXAll (ECN)

MT4 is not a available at VCap for ECNs. The only way to TRULY gain knowledge of what is going on is to actually call the firms and ask questions. I've made lots of calls so far, and will continue to.


I do not know everything.... I am learning day by day. If you have more accurate information than I have posted, please correct me. Thanks.
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