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THE ECN room.

  • #41
  • Mar 12, 2008 2:49pm Mar 12, 2008 2:49pm
also you guys can check out these guys capitalforex.com they have a currenex lite platform for retail clients and they are part of the london capital group.
If I Go Broke Trying Then I Will die happy.
  • #42
  • Mar 12, 2008 3:19pm Mar 12, 2008 3:19pm
1) Great thread!

2) EFX has now been merged into MB Trading. (fyi)
  • #43
  • Mar 12, 2008 4:01pm Mar 12, 2008 4:01pm
Quoting Moe
also they pay intrest on account balance, and better swap rates and lower commision
Even the swap rates are different between platforms? HotSpot has some strange arrangements..

Quoting Moe
also you guys can check out these guys capitalforex.com they have a currenex lite platform for retail clients and they are part of the london capital group.
Do you know what the difference is between the lite and pro? Commissions/spreads/minimums?

I absolutely despise these broker websites which provide virtually nil information (spreads, commissions, swaps, liq. providers, etc). How is anyone supposed to make a comparison? Would a car dealer website just show you a picture and nothing else? Get with the times! Forcing me to call to find the out the most basic information is needlessly time consuming and therefor an automatic loss of my business.
  • #44
  • Mar 12, 2008 4:59pm Mar 12, 2008 4:59pm
Quoting Trader KGB
Even the swap rates are different between platforms? HotSpot has some strange arrangements..


Do you know what the difference is between the lite and pro? Commissions/spreads/minimums?

I absolutely despise these broker websites which provide virtually nil information (spreads, commissions, swaps, liq. providers, etc). How is anyone supposed to make a comparison? Would a car dealer website just show you a picture and nothing else? Get with the times! Forcing me to call to find the out the most basic information is needlessly time consuming and therefor an automatic loss of my business.
they don't charge a comm on there retail and the min is $2,000 with 100:1 leverage thats on there lite website you didn't see that, i don't know to much about there currenex platform and how much they charge.
If I Go Broke Trying Then I Will die happy.
  • #45
  • Mar 12, 2008 5:52pm Mar 12, 2008 5:52pm
Quoting Moe
they don't charge a comm on there retail and the min is $2,000 with 100:1 leverage thats on there lite website you didn't see that, i don't know to much about there currenex platform and how much they charge.
Ah ok. I went straight to the pro website, and it's just pictures and no info.

So they offer a Currenex no-commission padded-spread version? It seems that the terms "Currenex" and "ECN" really shouldn't be associated with each other anymore..
  • #46
  • Mar 12, 2008 6:30pm Mar 12, 2008 6:30pm
Quoting Trader KGB
Ah ok. I went straight to the pro website, and it's just pictures and no info.

So they offer a Currenex no-commission padded-spread version? It seems that the terms "Currenex" and "ECN" really shouldn't be associated with each other anymore..
yeah i know, but i notice that all ecn platform has a option for the broker to pad the spreads, there spreads are still very good even on gbp/jpy witch is 5, they may pad the spreads but your order still goes straight to the banks thats on the platform, also this company is bigger then i thought http://www.londoncapitalgroup.co.uk/
If I Go Broke Trying Then I Will die happy.
  • #47
  • Mar 12, 2008 6:46pm Mar 12, 2008 6:46pm
Quoting Moe
but i notice that all ecn platform has a option for the broker to pad the spreads
All ECN platforms? I've only heard of it on Currenex where I witnessed it first-hand.

When I'm seeing 0.5 pip on the majors on most of the other ECN networks, I don't think they're padding. With the ECN aggegators out today, they'd only be losing revenue by padding, as orders would be routed to the most competitive venue.
  • #48
  • Mar 12, 2008 7:06pm Mar 12, 2008 7:06pm
Quoting Trader KGB
All ECN platforms? I've only heard of it on Currenex where I witnessed it first-hand.

When I'm seeing 0.5 pip on the majors on most of the other ECN networks, I don't think they're padding. With the ECN aggegators out today, they'd only be losing revenue by padding, as orders would be routed to the most competitive venue.
i said they have that option not that there doing it, even hotspot has that option it use to say it on there website.
If I Go Broke Trying Then I Will die happy.
  • #49
  • Mar 12, 2008 7:13pm Mar 12, 2008 7:13pm
i was gonna go with zaner group who is an ib for hotspotfx they was gonna give me 100:1 leverage, then i saw there contract and it said that they mark up the spreads, if you want to know if a ecn platform can mark up the spreads all you have to do is look at there ib program.

http://www.hotspotfx.com/openacct/ibs/
If I Go Broke Trying Then I Will die happy.
  • #50
  • Mar 12, 2008 7:19pm Mar 12, 2008 7:19pm
Quoting Moe
i was gonna go with zaner group who is an ib for hotspotfx they was gonna give me 100:1 leverage, then i saw there contract and it said that they mark up the spreads, if you want to know if a ecn platform can mark up the spreads all you have to do is look at there ib program.

http://www.hotspotfx.com/openacct/ibs/
Yeah HotSpot has a great ib program. I was putting serious thought into forming my own brokerage/ib relationship with HS last year, until the CFTC came out with the new caps..
  • #51
  • Mar 12, 2008 7:22pm Mar 12, 2008 7:22pm
Quoting Trader KGB
Yeah HotSpot has a great ib program. I was putting serious thought into forming my own brokerage/ib relationship with HS last year, until the CFTC came out with the new caps..
does the new cap effect i.b.'s
If I Go Broke Trying Then I Will die happy.
  • #52
  • Mar 12, 2008 7:35pm Mar 12, 2008 7:35pm
Quoting Moe
does the new cap effect i.b.'s
Not sure if it does yet. It's a "proposal" atm. (as far as I know = very little)
Carpe Divitiae
  • #53
  • Last Post: Mar 13, 2008 11:29pm Mar 13, 2008 11:29pm
Just thought I would throw my 2 cents in on ECN brokers. I have experience with only one and that is MB. I love them. They do have horrable rollover rates but my trading style is mostly unaffected by this. Also I just found a IB that has started to pay me 25% of my comission fees back in cash monthly. Its a hell of a deal. Anyone deal with HotSpot FX? Oh if anyone uses MB and wants to get 25% of your comission back let me know, my email is [email protected] I would just post the site but I dont want to break any rules on spamming or advertising.
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