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Spot-trader: An MT4 ECN broker?

  • #1
  • First Post: Aug 26, 2007 6:01pm Aug 26, 2007 6:01pm
Can it finally be??? An MT4 broker interfacing to an ECN? It appears so at first glance.

1) Do you have experience w/ them?

2) How has your execution been?

Another thread here says that coesfx employees moved to spot-trader.com.... could be extremely good news!
  • #2
  • Aug 26, 2007 6:25pm Aug 26, 2007 6:25pm
Quoting tdion
Can it finally be??? An MT4 broker interfacing to an ECN? It appears so at first glance.

1) Do you have experience w/ them?

2) How has your execution been?

Another thread here says that coesfx employees moved to spot-trader.com.... could be extremely good news!
atcbrokers.com
If I Go Broke Trying Then I Will die happy.
  • #3
  • Aug 26, 2007 6:40pm Aug 26, 2007 6:40pm
atcbrokers.com

This brokers says MT4 GBPUSD spread is 3 pips. ( not MT4 pro )

Well is this fixed, are there other charges.
  • #4
  • Aug 26, 2007 6:47pm Aug 26, 2007 6:47pm
Quoting Digs
atcbrokers.com

This brokers says MT4 GBPUSD spread is 3 pips. ( not MT4 pro )

Well is this fixed, are there other charges.
that on the retail mt-4 they also have an ecn mt-4 see below

http://atcbrokers.com/index_forexpro.htm
If I Go Broke Trying Then I Will die happy.
  • #5
  • Aug 26, 2007 7:01pm Aug 26, 2007 7:01pm
I emailed ATC last week about the MT4 ECN interface. Here's the response:

-----Original Message-----From: Thomas Dion
Sent: Friday, August 10, 2007 5:57 PMTo: [font=Arial][color=#0066cc][i][email protected][/i][/color][/font]
Subject: Re: Forex Contact: ATC

Jack,

It would appear that MT4 is already available in your Forex Pro section.

http://atcbrokers.com/forexpro_platforms_meta.htm

In your previous email, you said you were working on MT4 Currenex integration. Is it available yet? If not, is your MT4 strictly retail at the present time?

Thanks,Tom


Hi Tom,

We use to offer the MT 4 Pro with another clearing firm, however, we feltthat the connection was not done properly because our clients were gettingoff quotes, so we decided to purchase the software and do our ownconnection. The platform connection is currently being worked on and itsscheduled to be released in two months. The MT4 is on retail.

Jack,
  • #6
  • Aug 26, 2007 7:13pm Aug 26, 2007 7:13pm
Quoting tdion
I emailed ATC last week about the MT4 ECN interface. Here's the response:

-----Original Message-----From: Thomas Dion
Sent: Friday, August 10, 2007 5:57 PMTo: [font=Arial][color=#0066cc][i][email protected][/i][/color][/font]
Subject: Re: Forex Contact: ATC

Jack,

It would appear that MT4 is already available in your Forex Pro section.

http://atcbrokers.com/forexpro_platforms_meta.htm

In your previous email, you said you were working on MT4 Currenex integration. Is it available yet? If not, is your MT4 strictly retail at the present time?

Thanks,Tom


Hi Tom,

We use to offer the MT 4 Pro with another clearing firm, however, we feltthat the connection was not done properly because our clients were gettingoff quotes, so we decided to purchase the software and do our ownconnection. The platform connection is currently being worked on and itsscheduled to be released in two months. The MT4 is on retail.

Jack,
this is a good sign.
If I Go Broke Trying Then I Will die happy.
  • #7
  • Edited 8:16pm Aug 26, 2007 8:00pm | Edited 8:16pm
hang on... Forex Pro MT4 at ATCBrokers (ECN Proposed).

GBPUSD
Leverage :3:100
Spread : 1 - 2 pips
Other Costs: Dunno

So I guess at current GBPUSD prices 2.000

To BUY one $100,000 GBP contract, a margin of $6000 USD is required, compared to leverage of 1:100 margin of $2000 USD.

I think I have my sums correct.

UPDATE : Oops it seams they may offer a choice :
http://atcbrokers.com/forexpro_resources_leverage.htm

QUESTION: Are there any commissions, fees etc with this ECN MT4 feed, any other costs at all, any ideas ??
  • #8
  • Aug 26, 2007 8:36pm Aug 26, 2007 8:36pm
Quoting Digs
hang on... Forex Pro MT4 at ATCBrokers (ECN Proposed).

GBPUSD
Leverage :3:100
Spread : 1 - 2 pips
Other Costs: Dunno

So I guess at current GBPUSD prices 2.000

To BUY one $100,000 GBP contract, a margin of $6000 USD is required, compared to leverage of 1:100 margin of $2000 USD.

I think I have my sums correct.

UPDATE : Oops it seams they may offer a choice :
http://atcbrokers.com/forexpro_resources_leverage.htm

QUESTION: Are there any commissions, fees etc with this ECN MT4 feed, any other costs at all, any ideas ??
$10 usd per 100k round turn. leverage 100:1 for u.s. clients
If I Go Broke Trying Then I Will die happy.
  • #9
  • Aug 26, 2007 8:51pm Aug 26, 2007 8:51pm
$10 usd per 100k round turn. leverage 100:1 for u.s. clients

I assume from this brief statement that

Q1: ..."$10 usd per 100k round turn."..

Pip Value is equal $10 for GBPUSD, and NOT a $10 commission or fee extra or is it.

Q2:.."leverage 100:1 for u.s. clients"..

Where does it say this on the website ?
  • #10
  • Aug 26, 2007 9:24pm Aug 26, 2007 9:24pm
Quoting Digs
$10 usd per 100k round turn. leverage 100:1 for u.s. clients

I assume from this brief statement that

Q1: ..."$10 usd per 100k round turn."..

Pip Value is equal $10 for GBPUSD, and NOT a $10 commission or fee extra or is it.

Q2:.."leverage 100:1 for u.s. clients"..

Where does it say this on the website ?
you ask to many questions, just give them a call and they will explain all of this to you.
If I Go Broke Trying Then I Will die happy.
  • #11
  • Aug 26, 2007 9:28pm Aug 26, 2007 9:28pm
b.t.w. if you don't have at least $10,000 to open an account there's no need to call them, unless you go with there retail.
If I Go Broke Trying Then I Will die happy.
  • #12
  • Aug 26, 2007 9:51pm Aug 26, 2007 9:51pm
Quoting tdion
Can it finally be??? An MT4 broker interfacing to an ECN? It appears so at first glance.

1) Do you have experience w/ them?

2) How has your execution been?

Another thread here says that coesfx employees moved to spot-trader.com.... could be extremely good news!
would you trust spot-trader with $500,000 don't think so, just by there website they look like a fly by night company
If I Go Broke Trying Then I Will die happy.
  • #13
  • Aug 26, 2007 9:58pm Aug 26, 2007 9:58pm
$500K..... no. $5k, maybe.

I started this thread to get feedback from people already using them. Let's see what happens.
  • #14
  • Aug 26, 2007 10:04pm Aug 26, 2007 10:04pm
Quoting tdion
$500K..... no. $5k, maybe.

I started this thread to get feedback from people already using them. Let's see what happens.
you fund your account with that 5k and your be posting a
different thread, ( how spot-trader ran off with my money ), l.o.l. just kidding
If I Go Broke Trying Then I Will die happy.
  • #15
  • Aug 26, 2007 10:05pm Aug 26, 2007 10:05pm
Quoting tdion
The platform connection is currently being worked on and itsscheduled to be released in two months.
They told me the exact same thing 2 months ago..
  • #16
  • Aug 26, 2007 10:52pm Aug 26, 2007 10:52pm
www.spot-trader.com

This is a SWISS COY, and tighter rules than USA COY.

But yes there website looks very poor.
  • #17
  • Aug 26, 2007 11:28pm Aug 26, 2007 11:28pm
Quoting Digs
www.spot-trader.com

This is a SWISS COY, and tighter rules than USA COY.

But yes there website looks very poor.
do you know who regulate them.
If I Go Broke Trying Then I Will die happy.
  • #18
  • Aug 26, 2007 11:37pm Aug 26, 2007 11:37pm
Swiss Govt ...

Federal Department of Finance in Switzerland
They cover all banks, finance institutions and brokers.

This seams to be the owner of Spot Forex

http://www.swissglobalbroker.net/about.php#location
  • #19
  • Aug 27, 2007 12:02am Aug 27, 2007 12:02am
i have visit several swiss broker website and they clearly state who they or regulated by, spot-trader does not state who they or regulated by, why is that
If I Go Broke Trying Then I Will die happy.
  • #20
  • Aug 27, 2007 12:13am Aug 27, 2007 12:13am
with all that money floating around in swiss this is the best website they can come up with and they expect people to put up big money to trade with them or you kidding me.
If I Go Broke Trying Then I Will die happy.
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