DislikedOk, I believe you... You are right... Still that doesn't discount what I have seen with my own two eyes.
Now. Anyone that has access to true ECN via currennex (or any other platform), or even a lower end ECN retail platform I challenge you to run it side by side with EFX during news. Trade a few 10k lots with EFX/MBT and then a few standard lots with the other platform. Now use an autoclick software with your news feed to be sure that both are hit at the exact same time. Guess what. You'll get slipped FAR more on the EFX "ECN" processing system than with a standard ECN platform (Use protections when doing this).
It's just silly to suggest I work with a broker. Have I promoted any? Also, bigger is NOT always a better thing (REFCO FX).
Of course you didn't bother talking about the commission (close to $20 per RT per lot of GBP/USD- almost 2 extra pips in cost, or $200 per million (I pay $25 per million right now)), or your swap/rollover/IRD policy (No room for discussion here- It's very bad). Listen you may be ok for the smaller trader that doesn't hold positions... But your motto "execution redefined" is just silly... Especially if you trade during news time... Now I know that it's risky on other platforms as well and there is no free lunch but your execution is a joke compared to any broker with just "ok" liquidity on the currenex platform.
That's the reason I was testing you on your mini lot "STP". I thought it had been manilupated with the slippage you provide on those lot sizes during news in comparison to normal ECN fills.Ignored
- We feel we have excellent execution in all types of markets as do the thousands of clients who trade with us. If our platform is not for you then it’s not for you, simple as that. If someone wants to run our platform next to another platform then by all means, feel free. We would love to take your results, dissect them, and if inefficiencies are found in our system, we would use them to only improve our software even more. I doubt you will find that other comparable platforms are giving you better execution on a consistent basis. We worked hard on, and take great pride in, our order routing algorithms.
- I asked if you worked for a broker only to determine your motives, because you claim to have a thorough comprehension of how all systems work and connect to the interbank market. This is typically something only a broker, who has sat in a room with programmers from the largest banks in the world, would completely understand.
- I’m not sure what you’re looking or reaching for by addressing commissions, but you’re right, that’s our commission when trading one full lot on the GBP (though you failed to mention they get filled with a one PIP spread). This is only one of our commission rates on one particular pair – here are some examples of our other rates:
EUR/USD $6.50 + 1 PIP spread
AUD/USD $3.80 + 1 PIP spread
USD/JPY $5.00 + 1 PIP spread
Additionally, you can place trades between the spread and get filled at 1/10th of a PIP.
- With regard to our Rollover rates; as I’ve stated before in a previous post: “I’ll be the first to admit were not the best for carry trades.” We had to give up something to give you all the things you say are impossible. No doubt our platform is for serious, active traders.
If there is anything further you feel you would like to discuss, please feel free to contact us.