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I'm done with FXDD

  • #41
  • Jan 14, 2008 10:16am Jan 14, 2008 10:16am
Mrgreen, I appreciate your input.
sans peur et sans reproche
  • #42
  • Jan 14, 2008 1:10pm Jan 14, 2008 1:10pm
Quoting ilanr


I wrote to the customer support. I was answered that FXDD "do not actually make the market", but rather "we receive our prices directly from the Interbank market",
This is blatant lying. Absolutely outrageous.
  • #43
  • Jan 15, 2008 6:00am Jan 15, 2008 6:00am
Quoting forexmoments
This is blatant lying. Absolutely outrageous.

Actually it is not a lie. It is simply misplaced. They do recievce their prices from the market but what happens next is the question. All bucket shops manipulate their pricing in whatever way suits them under many different situations. Price is from the market alright but YOU won't get to see THAT.

Personally I am going to test RCG. They have high spreads but I trade EOD so the spread is of little concern - for two or three pips that is.
AltosT
  • #44
  • Jan 15, 2008 7:23am Jan 15, 2008 7:23am
Quoting AltosTrader
Actually it is not a lie. It is simply misplaced. They do recievce their prices from the market but what happens next is the question. All bucket shops manipulate their pricing in whatever way suits them under many different situations. Price is from the market alright but YOU won't get to see THAT.
Right. It's like buying a 5 yr old Camry for $100,000. THEY got it new and THEY know its current market price, but YOU won't get to see THAT.
sans peur et sans reproche
  • #45
  • Jan 15, 2008 9:32am Jan 15, 2008 9:32am
Quoting ilanr
squaw, thanks for the lead. Indeed, they offer very good terms. I talked to their customer support, liked it too. The only thing I have doubts about is their being regulated by Cyprus authorities. I love Cyprus, but just how good is the regulation? Anyone knows anything about it?
nps,

My first thought was exactly the same as yours =)) Here is the answer:
http://www.fxpro.com/about-us/ - click on the Licensees and Regulation (there is an expl there).

Basically the idea is that there is no difference between regulators(after the announce by MiFID, if the country is in the EU and Eurozone - have Euro as national currency). Not to be mean: FSA = CYSEC ))

Hope this helps
  • #46
  • Jan 15, 2008 9:45am Jan 15, 2008 9:45am
Quoting squaw
nps,

My first thought was exactly the same as yours =)) Here is the answer:
http://www.fxpro.com/about-us/ - click on the Licensees and Regulation (there is an expl there).

Basically the idea is that there is no difference between regulators(after the announce by MiFID, if the country is in the EU and Eurozone - have Euro as national currency). Not to be mean: FSA = CYSEC ))

Hope this helps
Thanks a lot. You are right. I have to get accustiomed to the idea that an EU country is an EU country. FxPro do make a very good impression in every aspect.
sans peur et sans reproche
  • #47
  • Jan 15, 2008 11:34am Jan 15, 2008 11:34am
Quoting ilanr
Thanks a lot.
=) ur welcome.

Take a look at ODLs as well. They have a nice MT accounts for big depos + they are in preferred brokerage list here at ForexFactory ))
  • #48
  • Jan 18, 2008 10:56am Jan 18, 2008 10:56am
Quoting ilanr
Stupid indeed. If you'd have read post #13, you'd see that "I never trade during news".
I guess that he was not paying attention at all...it was an unusual post by him.
  • #49
  • Jan 18, 2008 3:10pm Jan 18, 2008 3:10pm
Quoting ilanr
Stupid indeed. If you'd have read post #13, you'd see that "I never trade during news".
My bad, i did not read this post.

Usually i close my position when a big news is coming (like you did for the BOE announcement) because i'm also using a bucket shop and all bucket shop are known to do unpredictable thing during news (including 200 pip spread when real interbank market gaps only 40-50 pips )
  • #50
  • Jan 18, 2008 7:35pm Jan 18, 2008 7:35pm
Quoting melpheos
My bad, i did not read this post.

Usually i close my position when a big news is coming (like you did for the BOE announcement) because i'm also using a bucket shop and all bucket shop are known to do unpredictable thing during news (including 200 pip spread when real interbank market gaps only 40-50 pips )
sans peur et sans reproche
  • #51
  • Jan 21, 2008 3:28am Jan 21, 2008 3:28am
Hi, Ilanr!
I have a similar problem.

Metatrader is a great platform, MT brokers... after FXDD I dont trust any dealing desk.
I respect Oanda a lot, but cannot work with their charts (tried to demo) so I am still looking for a good platform. Just today I came accross Meta Stock Trading Software for forex traders FXTA v. 1.1 at Reuters (subscription packages), that might solve my problem.

Would appreciate if anybody using them would post comments.
  • #52
  • Jan 21, 2008 6:32am Jan 21, 2008 6:32am
Quoting lietuve
Hi, Ilanr!
I have a similar problem.

Metatrader is a great platform, MT brokers... after FXDD I dont trust any dealing desk.
I respect Oanda a lot, but cannot work with their charts (tried to demo) so I am still looking for a good platform. Just today I came accross Meta Stock Trading Software for forex traders FXTA v. 1.1 at Reuters (subscription packages), that might solve my problem.

Would appreciate if anybody using them would post comments.
two words meta stock
If I Go Broke Trying Then I Will die happy.
  • #53
  • Jan 29, 2008 3:01am Jan 29, 2008 3:01am
Quoting Tiki Trader
I suggest Oanda... just good ol fashioned good service... what you see on the screen is what you get.... yes their spreads widen... but it's right there on the screen... no tricks... never had any problem.... a while back there was a 600 pip spike... never had to call them... they know they were wrong, it was a bad data feed.... they took care of eveyone affected on their own... no one had to ask... !!!

Yes there are some cons about Oanda.... but the pros far outweigh them...
"what you see on the screen is what you get..."
Are you working for Oanda?I know they don't spend money with Advertising...
Spread 0.9pip
BUT:slippage on BUY
slippage on SELL
slippage on STOP LOSS
-----------------------------
=MAAAAAAANY cons about Oanda

Some videos to open your mind...
Attached File(s)
File Type: zip slip.zip   111 KB | 366 downloads
File Type: zip slip1.zip   138 KB | 359 downloads
  • #54
  • Jan 29, 2008 3:03am Jan 29, 2008 3:03am
And more...
Attached File(s)
File Type: zip slip2.zip   297 KB | 361 downloads
File Type: zip slip3.zip   117 KB | 338 downloads
  • #55
  • Jan 29, 2008 7:46am Jan 29, 2008 7:46am
your images of "slippage" really don't show any relevant information..........
Same Whore .... Different Dress
  • #56
  • Jan 29, 2008 8:30am Jan 29, 2008 8:30am
Maybe what is meant by "slippage" are these tiny spikes? Seems pretty normal to me...
sans peur et sans reproche
  • #57
  • Jan 29, 2008 9:04am Jan 29, 2008 9:04am
They don't even show the pairs in question let alone the time frame...and yes I agree looks like normal price action to me too.......
Same Whore .... Different Dress
  • #58
  • Jan 29, 2008 9:58am Jan 29, 2008 9:58am
The one I opened was 1 minute. They don't reveal anything to me either. Certainly wouldn't persuade me to close my Oanda account.
  • #59
  • Jan 29, 2008 11:57am Jan 29, 2008 11:57am
Quoting UFO Engineer
"what you see on the screen is what you get..."
Are you working for Oanda?I know they don't spend money with Advertising...
Spread 0.9pip
BUT:slippage on BUY
slippage on SELL
slippage on STOP LOSS
-----------------------------
=MAAAAAAANY cons about Oanda

Some videos to open your mind...
I use many brokers and Oanda is one of them.

Let's be fair.

Slippage do occure at Oanda, but they do often occure in your advantage, have you noticed this?

Other brokers will requote you! Or they will close directly your order if the prices are moving in your favor.

If you don't want to allow slippage, just check the boudaries boxes in your dialogue order, as per the atachment, and you will be filled as per your request, or you will not be filled.

Attached Image
  • #60
  • Jan 29, 2008 12:00pm Jan 29, 2008 12:00pm
i see some of you guys are shock that slippage happens, try trading on an ecn you will be very
If I Go Broke Trying Then I Will die happy.
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