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Currenex Platform Demo needed

  • #1
  • First Post: Dec 5, 2007 6:32pm Dec 5, 2007 6:32pm
Broker's offer demo accounts on their platform, but I dont see currenex platform on demo. Well, FXCM did gave me a demo account once. Unfortunately, that demo account does not even place trade.

Any broker offering demo currenex out there?
  • #2
  • Dec 5, 2007 6:42pm Dec 5, 2007 6:42pm
go to currenex website and check out there whitelabel partners, most currenex brokers want to talk to you over the phone before they give demo, the easy one will be capitalforex pro.
If I Go Broke Trying Then I Will die happy.
  • #3
  • Dec 18, 2007 4:46pm Dec 18, 2007 4:46pm
Currenex seem to be the top of the league of trading platforms.
On another hand at the moment I am racking my brain as to how one enters a fast moving market on currenex and does not get slipped 100 pips or more.
Could anybody answer from their experience?
  • #4
  • Dec 18, 2007 4:51pm Dec 18, 2007 4:51pm
You cant.

if you did a Market Order, you agreed to be filled on whatever price is available.

If you did a limit order, then you agreed to be filled on the price you set.

If you want to trade volatility, PRAY.

I still remember an experience by two traders in this forum. Trader A placed a SELL LIMIT 400 pips away from the current market price. Trader B clicked BUY during volatility and was filled at the price Trader A was willing to sell. Trader B complained to the broker about the huge slippage. Broker+Bank went to Trader A and removed the profitable transaction he made. But Broker+Bank never removed the transaction made by Trader A.
  • #5
  • Dec 19, 2007 2:10pm Dec 19, 2007 2:10pm
Quoting chpok
Currenex seem to be the top of the league of trading platforms.
On another hand at the moment I am racking my brain as to how one enters a fast moving market on currenex and does not get slipped 100 pips or more.
Could anybody answer from their experience?
This seems a strange question to me, as Currenex is no different from any platform in this regard. If you place a market order, get ready to be slipped, if you place a limit order, you'll either get in at your limit price or better, or you won't be filled at all. Simple as that...
  • #6
  • Dec 20, 2007 10:00am Dec 20, 2007 10:00am
Quoting TC East
This seems a strange question to me, as Currenex is no different from any platform in this regard. If you place a market order, get ready to be slipped, if you place a limit order, you'll either get in at your limit price or better, or you won't be filled at all. Simple as that...
this is a great misconception when it comes to fast markets on ecns. Agreed the likelihood of not getting the price you want when prices are all over the place and liquidity is thin is higher but getting a worse price than you expect is not a sure thing. If you're based in new york, getting a price significanty different from what your platform shows this is much less likely to happen than if you were trading from say singapore. Why occurences increase on currenex is mostly down to the logic they use when matching orders when compare to say hotspot.

That said .... to use mkt orders when not even banks have 100% confidence in where they should be pricing the market is insanity and those ppl should refrain from jumping into trading when the market is volatile
  • #7
  • Dec 25, 2007 12:30am Dec 25, 2007 12:30am
Quoting BurgerKing
Broker's offer demo accounts on their platform, but I dont see currenex platform on demo. Well, FXCM did gave me a demo account once. Unfortunately, that demo account does not even place trade.

Any broker offering demo currenex out there?
One of the firms we use to get our traders funded from a hedge fund we work with is PFG. PFG offers the Currenex GUI as one of their platforms. Even though their commissions are a bit on the high side, it's really easy to set up a trader there and unless a guy's average profit is generally 2 pips or less [ex: a high frequency scalper with a low average profit per trade], IMHO PFG is a good option for us. Call Chu Galloway, one of the brokers who services our accounts there. He is extremely helpful. His direct numbers are: 312-775-3461 and 800-648-3892. Good luck.
  • #8
  • Dec 25, 2007 12:35am Dec 25, 2007 12:35am
Quoting chpok
Currenex seem to be the top of the league of trading platforms.
On another hand at the moment I am racking my brain as to how one enters a fast moving market on currenex and does not get slipped 100 pips or more.
Could anybody answer from their experience?
The best way is to write directly to the Currenex FIX or Java API. Like that, you get more control. If this is beyond the scope of your abilities, you can also use the new Bid+X button to buy and Ask-X button to sell using an immediate or cancel condition.

I tend to think that the Currenex platform sucks. Most of our traders use another customized front end to work with the Currenex API's or write to the API directly; but the above explanation is a why to minimize the chances of getting slipped almost completely.
  • #9
  • Dec 27, 2007 11:29am Dec 27, 2007 11:29am
Hi guys,

Try pfgforex, looks like a good reliable broker. I'm signing up to check out their platform.
  • #10
  • Dec 27, 2007 11:45am Dec 27, 2007 11:45am
Quoting forexedge
Hi guys,

Try pfgforex, looks like a good reliable broker. I'm signing up to check out their platform.
Call them and ask for Chu Galloway. See my earlier post on this thread. They have various platforms including Currenex - which we mostly use there via our own proprietary front end or the ChoiceFX front end.
  • #11
  • Dec 27, 2007 10:12pm Dec 27, 2007 10:12pm
I can likely get you a Currenex demo account... You'll need to PM me however, I don't think it will allow me to contact you until I have a certain number of posts..
  • #12
  • Dec 27, 2007 10:58pm Dec 27, 2007 10:58pm
Quoting BurgerKing
Broker's offer demo accounts on their platform,
Any broker offering demo currenex out there?
If you are a "high Roller" Or one who trades large contracts you may want to request a RAW PRICE FEED from DBFX they gave me a demo of their RAW prices and it is similar to Currenex and others using that same set up.

I personally chose MB Trading for myself for my non Automated trading systems. MB gives me just as good of prices and I can trade with a small amount of capital (DBFX kept saying I had to meet a certian # of trades or contracts to keep the better prices or they would kick me off and make me go to the "Retail Prices") Not Good to force me to trade!

Hope this helps you in finding a better broker
M4X............ Hedging My Way To Profits!
  • #13
  • Dec 27, 2007 11:02pm Dec 27, 2007 11:02pm
Quoting M4X
If you are a "high Roller" Or one who trades large contracts you may want to request a RAW PRICE FEED from DBFX they gave me a demo of their RAW prices and it is similar to Currenex and others using that same set up.

I personally chose MB Trading for myself for my non Automated trading systems. MB gives me just as good of prices and I can trade with a small amount of capital (DBFX kept saying I had to meet a certian # of trades or contracts to keep the better prices or they would kick me off and make me go to the "Retail Prices") Not Good to force me to trade!

Hope this helps you in finding a better broker

PM Me, I may be able to add some value to your trading.
  • #14
  • Dec 27, 2007 11:46pm Dec 27, 2007 11:46pm
Can you share typical spread of usdjpy, gbpjpy, eurojpy, eurousd, and gbpusd on pfgforex during liquid market? What's the typical commission charge?

What time are typical swap rollover? ARe there funny position resets at 2pm? how does that work?

Quoting dominicanosrus
Call them and ask for Chu Galloway. See my earlier post on this thread. They have various platforms including Currenex - which we mostly use there via our own proprietary front end or the ChoiceFX front end.
  • #15
  • Dec 28, 2007 11:38am Dec 28, 2007 11:38am
Quoting forexedge
Can you share typical spread of usdjpy, gbpjpy, eurojpy, eurousd, and gbpusd on pfgforex during liquid market? What's the typical commission charge?

What time are typical swap rollover? ARe there funny position resets at 2pm? how does that work?
The commissions we pay are $30 per million as an institution, but I'm not sure if they'll give that to individual traders. Ask Chu. Their commissions are definitely on the high end relative to the industry, but they are a firm that's financially solid and really easy to work with; especially with our business of funding traders.

PM me to remind me to paste a screenshot of their prices next week.
  • #16
  • Jan 3, 2008 3:10pm Jan 3, 2008 3:10pm
Quoting dominicanosrus
The commissions we pay are $30 per million as an institution, but I'm not sure if they'll give that to individual traders. Ask Chu. Their commissions are definitely on the high end relative to the industry, but they are a firm that's financially solid and really easy to work with; especially with our business of funding traders.

PM me to remind me to paste a screenshot of their prices next week.
Here you go forexedge. I took these today at about 6 AM EST (I think I was sleepwalking at that time!). I added some common pairs to the PFG Currenex GUI on the left and on the right is an aggregated institutional multi-portal feed on the ChoiceFX front end - just for comparison purposes. The screenshots were taken at random intervals without really trying to capture spreads at their most favorable level.
Attached Image(s) (click to enlarge)
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  • #17
  • Jan 3, 2008 3:58pm Jan 3, 2008 3:58pm
i think its funny
  • #18
  • Last Post: Jan 3, 2008 6:38pm Jan 3, 2008 6:38pm
Quoting MRmojtaba
i think its funny
Huh?
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