Hi all
Does anyone know of any brokers based in Australia, that are worth looking at? I'm in Melbourne.
Thanks.
Does anyone know of any brokers based in Australia, that are worth looking at? I'm in Melbourne.
Thanks.
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DislikedCmc markets are in Australia. I just got a phone call 5 minutes ago from them saying my trading strategy was "incompatible" with their service and I have been given notice my account is being shut down. Good thing I'm heavily in profit with them or I might be quite angry. I'm in New Zealand.
You might want to avoid those guys.
*edit: nearly two years of trading with those guys.Ignored
DislikedGeez, that's just typical. As soon as you do well, they close their doors on you. It's a pity that guys like this are actually allowed to do business. There should be a law against it, or at least some sort of ombudsman that you can complain to. Bloody disgusting. They'll also probably try and hit you with a whole lot of "charges" before they hand over your profits.
I'll stay away from them. Thanks for the warning.Ignored
DislikedHi all
Does anyone know of any brokers based in Australia, that are worth looking at? I'm in Melbourne.
Thanks.Ignored
Disliked24 hour phone service, Aussie owned.
http://halifax.iitech.dk/default.asp
I've used them and they seem okay. Uses GFT software.Ignored
DislikedOANDA is your best bet. I've been with OANDA for more than two years and never thought about other guys (not to mention unregulated LatitudeFX).
Good luck to your move!
A Auckland ManIgnored
Dislikedhttp://www.cognotec.com/products/prodReal.html
From "Cognotec RealStream Rate Manager" PDF
"Be able to act fast to leverage the dealers experience
• Hit Protection – means that trading activity which transgresses maximum configured dealing parameters will be referred
for dealer intervention.
• Rate Protection and Safeguards Based on Time of Day ‐ for each currency pair the bank can set up different rate
protection controls which can vary throughout the trading day.
• Reflect Market Dynamics ‐ as market conditions change traders can be confident that they can still quote rates
automatically based on pre‐set market conditions spreads/adjustments. Traders can monitor their contributed rates and, at
the touch of a button, switch between the pre‐set rate management configurations.
• Manually Price Rates ‐ control is essential so that at any time the traders can withdraw an automatic rate and price it
manually, using the arrow keys to widen the spread or skew the rates.
• Rate Control ‐ at the touch of a button the traders can withdraw individual rates or all rates."
Good or bad?Ignored