Any ECN that supports MT4 ? | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Cheapest ECN Comissions - Vantage FX ECN 10 replies

Could you introduce any broker base on ECN+MT4+4 decimal?? 11 replies

Another MT4/ECN broker, any thoughts?? 31 replies

any experience with atc brokers mt4 with ECN data feed? 0 replies

Any ECN with MT4 trading platform? 29 replies

Any ECN that supports MT4 ?

  • #21
  • Sep 2, 2007 7:33am Sep 2, 2007 7:33am
Quoting tdion
Fastbrokers has lowered the professional account min (MT4 pass-through) from 50k to 10k.

They are an IB for FXLQ.
Whitelabels not IB

Cheers
  • #22
  • Sep 2, 2007 7:35am Sep 2, 2007 7:35am
Quoting tdion
Fastbrokers has lowered the professional account min (MT4 pass-through) from 50k to 10k.

They are an IB for FXLQ.

btw, did not notice.

How cam depo can be from 50 to 10k... quite huge rage ?
  • #23
  • Sep 2, 2007 12:22pm Sep 2, 2007 12:22pm
They call themselves an "IB" on the phone.... an "Introducing Broker."

As for 50K going down to 10K.... I guess they weren't getting much business.

Quoting pipcruiser
Has anybody tried this?

Also anybody know how "safe" fastbrokersfx is? (I mean solid/NFA rating etc)

Thanks

PC
Hello Pipcruiser, FB does not have an NFA #, but FXLQ (their liquidity) does.... in fact, FXLQ has $36 million in operating capital now.
  • #24
  • Sep 3, 2007 7:18am Sep 3, 2007 7:18am
Hey Tdion,

thank's for the info.

I am sorry if this a lame question, but if the s... hits the fan and FB goes down, isen't the money at FB then? I mean, is it any help then, that FXLQ has a lot of capital if my funds are at FB???

Thank's for keeping this thread alive, it is very interesting if we one day can trade MT4 at a solid "ECN" broker...

PC



Hello Pipcruiser, FB does not have an NFA #, but FXLQ (their liquidity) does.... in fact, FXLQ has $36 million in operating capital now.[/quote]
Less is more...
  • #25
  • Sep 3, 2007 8:16am Sep 3, 2007 8:16am
Hi again,

just had a chat with FB :


You are now chatting with Support Team 013 (General Inquiries)
Support Team 013: Hello, how may I help you today?
PC: hello I am a potential new customer
PC: how safe is my money at FB?
Support Team 013: For futures - your money is kept in a segregated account
PC: its fx spot
Support Team 013: for forex your funds are kept with the clearing firm
PC: what firm is that please?
Support Team 013: we offer several such as fxlq.com
Support Team 013: have you seen our trading platforms?
PC: yes, actually im intersted in the "ECN" feed
PC: for MT4
Support Team 013: we offer professional-data feed platform called fastfx.
PC: so if I transfer ie. 100.000 to your company, then the funds are going directly to fxlq and legally they are my broker?
Support Team 013: the funds are kept with our counterparts ,yes
Support Team 013: we would still be your introducing broker
Support Team 013: have you seen the professional-data feed?
PC: Ok. What other counterpart-companies do you offer other than fxlq?
Support Team 013: transact,
Support Team 013: would you like to test-drive our professional data-feed for forex?
PC: yes please, but I will get back to you
PC: I thank you for the info as of now
Support Team 013: sounds great.
PC: bye
Less is more...
  • #26
  • Edited 2:44am Oct 26, 2007 12:34am | Edited 2:44am
Very disappointed here.

Fastbrokers white labels "interbank quotes" from FXLQ. Yeah, it's neat to watch the spread float, but there is a dealing desk at FXLQ. I thought I was going to get an ECN with the nonfixed spreads.

I don't like that they call it a "professional" account vs. a "retail" account. Still a DD to sweat.
  • #27
  • Oct 26, 2007 1:11am Oct 26, 2007 1:11am
  •  mld
  • | Joined Sep 2007 | Status: Pips Raining Cats & Dogs | 85 Posts
swissnetbroker.com an ECN broker has both Currenex & Metatrader platform
  • #28
  • Oct 26, 2007 2:07am Oct 26, 2007 2:07am
swissnetbroker.com is IB for finex.com

Quoting mld
swissnetbroker.com an ECN broker has both Currenex & Metatrader platform
Charting Markets into the Future...MǎҖ€¥.
  • #29
  • Nov 16, 2007 3:07pm Nov 16, 2007 3:07pm
Quoting MaXeY
swissnetbroker.com is IB for finex.com
Folks, anybody has had real experience with ForexGen No Dealer Desk? I've test-driven their NDD account and can confirm the price volatility is akin to the one on Interbank. However, due to some negative reviews am dubious whether i can trust them or not.

Their spreads are truly flexible and are often 0. At least that's smth you see on Interbank. Many other brokers offering ECN are still for some reason (what else if not profit making of course) pursue fixed spreads.

Any feedback appreciates
Groovy
  • #30
  • Nov 17, 2007 9:00pm Nov 17, 2007 9:00pm
Quoting Groovy
Their spreads are truly flexible and are often 0.
Zero spread is great until you realize that you have been slipped 4pips
on the entry, and another 4pips on the exit. Atrocious behavior.
Account closed.

Coder
  • #31
  • Nov 17, 2007 11:14pm Nov 17, 2007 11:14pm
Quoting Coder
Zero spread is great until you realize that you have been slipped 4pips
on the entry, and another 4pips on the exit. Atrocious behavior.
Account closed.

Coder
Are you using market orders?
The breaking of a wave cannot explain the whole sea.
  • #32
  • Edited 11:28pm Nov 17, 2007 11:17pm | Edited 11:28pm
Time to chime in again.

Here's what you EXTREMELY MOTIVATED traders that want MT4 ECNs can do..... get a program called AutoHotKey (it's a macro editor) and write your MQ4 to create log files of trades.....

Use Java (or another language) to detect the log file changes and execute Java.AWT.Robot() class commands to emulate keystrokes. AutoHotKey can be used to open and close trades on the ECN platform, allowing you to automate trades.

Is this labor intensive? Yes. Is it doable? Yes.
  • #33
  • Nov 17, 2007 11:27pm Nov 17, 2007 11:27pm
Quoting tdion
Time to chime in again.

Here's what you EXTREMELY MOTIVATED traders that want MT4 ECNs can do..... get a program called AutoHotKey (it's a macro editor) and write your MQ4 to create log files of trades.....

Use Java (or another language) to detect the log file changes and execute Java.AWT.Robot commands to emulate keystrokes. AutoHotKey can be used to open and close trades on the ECN platform, allowing you to automate trades.

Is this labor intensive? Yes. Is it doable? Yes.
MT4 > ECN bridges like the one described above exist and are described in this thread. The caveat is that the system (MT4) still relies upon data from the dealing desk. The ECN would be used for execution only. Since ECN data is far more faster and accurate than dealing desk data, the desire is to have both the source data, and the execution platform, be ECN derived. This cannot be accomplished with an MT4 > ECN bridge. Unless you're only using market orders, you'll run into massive spread discrepancies between system (MT4) price and ECN price.
  • #34
  • Nov 17, 2007 11:27pm Nov 17, 2007 11:27pm
Agreed. Swing trades would be far less prone to price differences. I would not try to scalp with the setup I mentioned.

Quoting Trader KGB
MT4 > ECN bridges like the one described above exist and are described in this thread. The caveat is that the system (MT4) still relies upon data from the dealing desk. The ECN would be used for execution only. Since ECN data is far more faster and accurate than dealing desk data, the desire is to have both the source data, and the execution platform, be ECN derived. This cannot be accomplished with an MT4 > ECN bridge. Unless you're only using market orders, you'll run into massive spread discrepancies between system (MT4) price and ECN price.
  • #35
  • Nov 18, 2007 2:50am Nov 18, 2007 2:50am
Quoting Coder
Zero spread is great until you realize that you have been slipped 4pips
on the entry, and another 4pips on the exit. Atrocious behavior.
Account closed.

Coder
Coder,

Spot on. This is a big fly in a jar of jam. I've been forward-testing one of my scalping EAs on their server and often noticed that an entry/exit price is not even on the candlestick bar itself. Despite that i programmatically additionally check the spread just before doing the OrderSend slippages would still slip in.

How often did you have them in live trading? Did you have any other issues with ForexGen?

Thanks
Groovy
  • #36
  • Nov 18, 2007 8:19am Nov 18, 2007 8:19am
Quoting tdion
Agreed. Swing trades would be far less prone to price differences. I would not try to scalp with the setup I mentioned.
Tdion, but then what's the point of doing this setup and going with ECN if you don't intend either to trade inside the spread or go off scalping?

If you have a sound 30+ pip TP or SL strategy trying to win 1-2 extra pips to your side makes little sense. You might as well sign up with Crownforex that gives you 1pip on majors and after 2-3 requotes you'd still be able to open a position at the desired price. But if you're not a pip hunter or a 10pip profit per trade maker, does it make any difference?

Groovy
  • #37
  • Nov 18, 2007 11:37am Nov 18, 2007 11:37am
Good question. Suppose you are making lots of money with your system, whatever it is. At some point your lot sizes will escalate. From what I hear, I'd rather be putting huge trades into a real market than an artificial one.

Plus, I just don't like have a dealing desk deciding what trades are good and what ones are not.

Quoting Groovy
Tdion, but then what's the point of doing this setup and going with ECN if you don't intend either to trade inside the spread or go off scalping?

If you have a sound 30+ pip TP or SL strategy trying to win 1-2 extra pips to your side makes little sense. You might as well sign up with Crownforex that gives you 1pip on majors and after 2-3 requotes you'd still be able to open a position at the desired price. But if you're not a pip hunter or a 10pip profit per trade maker, does it make any difference?

Groovy
  • #38
  • Nov 19, 2007 1:53am Nov 19, 2007 1:53am
Hello Groovy,

I traded with them for two weeks. The first week was fine. I was only
trading 1 lot at a time and it was going well.
On the Monday of the second week, I upped the lot size and was
immediately slipped on the entry and the exit.

The withdrawal took three weeks!

I'm now with HotspotFX which is the best move I have ever made.

Coder
  • #39
  • Nov 19, 2007 2:51am Nov 19, 2007 2:51am
i've heard really bad things about forexgen!
  • #40
  • Nov 19, 2007 6:09am Nov 19, 2007 6:09am
Quoting Coder
Hello Groovy,

I traded with them for two weeks. The first week was fine. I was only
trading 1 lot at a time and it was going well.
On the Monday of the second week, I upped the lot size and was
immediately slipped on the entry and the exit.

The withdrawal took three weeks!

I'm now with HotspotFX which is the best move I have ever made.

Coder

Coder,

Thanks alot for your feedback. Did you trade NDD with Forexgen by the way?

On a different note, i've loaded HotSpot FX trader, rather sleek piece of software. How did you go about migrating your MT EAs to HS, if attempted already? Is it a smooth ride overall with HotSpot guys so far?

Gracias
Groovy
0 traders viewing now