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Crown Forex

  • #21
  • Jul 11, 2007 1:40am Jul 11, 2007 1:40am
Friend of mine has told me yesterday that Crown is regulated by ARIF but there is no segregate account. so if crown bankcrupt, we loss our money.

btw, we can trade scalping with minimum spread 3 and 1:100. below that is not allowed.

hope this helpful
  • #22
  • Jul 12, 2007 12:51pm Jul 12, 2007 12:51pm
Quoting Sontoloyo
Friend of mine has told me yesterday that Crown is regulated by ARIF but there is no segregate account. so if crown bankcrupt, we loss our money.

btw, we can trade scalping with minimum spread 3 and 1:100. below that is not allowed.

hope this helpful

well basically if i wouyld have used them i would have jsut used them for 2-3months and that also for scalping trading ( just 5-10 pips or sometimes more in one trade). But if they have re-quotes problmes as mentioned in other threads then i think it would be a problme for me.
{ Links Removed }
  • #23
  • Jul 22, 2007 2:00am Jul 22, 2007 2:00am
See this thread:
http://www.forexfactory.com/showthread.php?p=1492737
for info on Crown Forex, and links to independent broker reviews.

Also, keep in mind that many brokers operate their live accounts very differently to their demo accounts, in terms of spreads, fills, stoploss tripping, etc. No broker is in business to lose money.

David
  • #24
  • Aug 7, 2007 6:28am Aug 7, 2007 6:28am
There's really no place for posts like this.

Quoting Westie
go for it invest master,
then report back how badly it goes.

regards
  • #25
  • Aug 7, 2007 6:37am Aug 7, 2007 6:37am
Use the right tool for the job. If you wanted to chop down a tree, you would use an ax not a shovel. If you are going to be scalping, don't use a market maker, use an ECN.
  • #26
  • Aug 7, 2007 6:47am Aug 7, 2007 6:47am
And for running EAs, smjones?

Maybe ACMarkets will get Currenex on the back end of MT4 eventually.
  • #27
  • Aug 7, 2007 6:55am Aug 7, 2007 6:55am
Quoting tdion
And for running EAs, smjones?

Maybe ACMarkets will get Currenex on the back end of MT4 eventually.
LOL... Perhaps.. The thing is any ECN does not care if someone scalps, because their money is not on the line. They just push it through. A market maker, like all MT4 brokers have their kahonies on the line with every scalping program. If I were the owner of a market maker brokerage, I would say who needs it. I would make every effort to prohibit the scalper and make their life hell.
  • #28
  • Aug 7, 2007 6:58am Aug 7, 2007 6:58am
I mean, for cryin out load, Crown has their anti scalping policy posted right on their home page. How could someone not notice and get upset with them about scalping? It just amazes me.
  • #29
  • Aug 7, 2007 7:57am Aug 7, 2007 7:57am
Well not even scalping. Word on the street (forexbastards) is that Crown shuts down profitable EA accounts.

So I am shocked that no company has put an ECN behind MT4 yet. There is such a large market for this, but instead people (like me) are watching from the sidelines while time passes on.
  • #30
  • Aug 7, 2007 8:01am Aug 7, 2007 8:01am
Quoting tdion
Well not even scalping. Word on the street (forexbastards) is that Crown shuts down profitable EA accounts.

So I am shocked that no company has put an ECN behind MT4 yet. There is such a large market for this, but instead people (like me) are watching from the sidelines while time passes on.
The day that happens, they will have all the MT4 business... LOL I am with you there...
  • #31
  • Aug 7, 2007 8:02am Aug 7, 2007 8:02am
Check it out.... hot off forex-tsd this morning:

http://www.forex-tsd.com/141051-post9.html
  • #32
  • Aug 7, 2007 8:06am Aug 7, 2007 8:06am
Quoting tdion
Check it out.... hot off forex-tsd this morning:

http://www.forex-tsd.com/141051-post9.html
Sounds interesting, but I will wait for a Swiss regulated or US regulated company.. But it is a step in the right direction.
  • #33
  • Aug 7, 2007 12:45pm Aug 7, 2007 12:45pm
Well this is old news (Turbokaos has talked about these guys for awhile)

but:

http://www.odlsecurities.com/

What do they have behind their MT4? An ECN or a market making environment?
  • #34
  • Edited 1:35pm Aug 7, 2007 12:59pm | Edited 1:35pm
Quoting smjones
Use the right tool for the job. If you wanted to chop down a tree, you would use an ax not a shovel. If you are going to be scalping, don't use a market maker, use an ECN.


FXS

P.S. Great signature!
  • #35
  • Jan 10, 2008 5:23pm Jan 10, 2008 5:23pm
I apologize if this is somewhere else as I could not find it. I have a question about Crown Forex and their scalping policy. the site says---

Definition: Scalping is a trading strategy that attempts to make many transactions on small price changes.
Does anyone know what that means? I asked their online chat and they wouldn't tell me. I haven't got a response back from an email I sent. Does anyone have any first hand knowledge on their dealing?

Thanks In advance

Jar
  • #36
  • Jan 10, 2008 6:06pm Jan 10, 2008 6:06pm
Quoting jarcrocker
I apologize if this is somewhere else as I could not find it. I have a question about Crown Forex and their scalping policy. the site says---

Definition: Scalping is a trading strategy that attempts to make many transactions on small price changes.
Does anyone know what that means? I asked their online chat and they wouldn't tell me. I haven't got a response back from an email I sent. Does anyone have any first hand knowledge on their dealing?

Thanks In advance

Jar
Hi Jar,

I have never traded with Crown forex but here are a couple of other threads where people give their opinions on them:

http://www.forexfactory.com/showthread.php?t=37246


http://www.forexfactory.com/showthread.php?p=1492737


Hope that helps.

-FXTrader1979
  • #37
  • Jan 10, 2008 6:44pm Jan 10, 2008 6:44pm
Thanks!!!
  • #38
  • Jan 11, 2008 5:35am Jan 11, 2008 5:35am
Quoting jarcrocker
I apologize if this is somewhere else as I could not find it. I have a question about Crown Forex and their scalping policy. the site says---

Definition: Scalping is a trading strategy that attempts to make many transactions on small price changes.
Does anyone know what that means? I asked their online chat and they wouldn't tell me. I haven't got a response back from an email I sent. Does anyone have any first hand knowledge on their dealing?

Thanks In advance

Jar
I have traded with crown Forex for 7 months, being a dealing desk broker scalping is is a waste of time, go with an ECN Broker.
  • #39
  • Jan 11, 2008 5:57am Jan 11, 2008 5:57am
Quoting jarcrocker
I have a question about Crown Forex and their scalping policy. the site says---

Definition: Scalping is a trading strategy that attempts to make many transactions on small price changes.
Does anyone know what that means?

Thanks In advance

Jar
I suspect it means that if it ever costs them any money they're going to have a problem with it.
  • #40
  • Feb 21, 2008 4:32am Feb 21, 2008 4:32am
Just found this about Crown Forex

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