ACT does not have the low spreads it claims. | Forex Factory

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ACT does not have the low spreads it claims.

  • #1
  • First Post: Jul 3, 2008 12:40pm Jul 3, 2008 12:40pm
Just a note.

I downloaded the ACT platform. A MT4 with suppossed ECN Pricing.

It's not even close to Hotspotfx.

Ikon Royal is not an ECN and has better pricing.

I got all exited when I found out that ACT only charged $8 round trip no matter what the currency.

I thought, great! Way better than MBT which is charging $20 round trip on the GPB/JPY

But when you add the spread on their platform and the commission and then compare to MBT. MBT is way better.

I think they must just offer a better commission and then add a couple pips to the spread.

Not fooling anyone.

Mike.


P.S> Im a scalper so Spreads are important to me. If you just want an ECN who uses MT4 then I'm sure they would be fine.

.
  • #2
  • Jul 3, 2008 12:48pm Jul 3, 2008 12:48pm
thats good to know. I was thinking about switching from MBT to them.

Perhaps you should have posted this in the already open thread about this?
  • #3
  • Jul 3, 2008 2:06pm Jul 3, 2008 2:06pm
Quoting FrankTheTank
thats good to know. I was thinking about switching from MBT to them.

Perhaps you should have posted this in the already open thread about this?
Forgot to search.
  • #4
  • Jul 3, 2008 2:35pm Jul 3, 2008 2:35pm
i want to tell you something i talk with mb support and ask them for this expensive commissions and they do tell me that soon will reduce commision with $1 to $1.5 this is not confirm ....
  • #5
  • Jul 3, 2008 3:30pm Jul 3, 2008 3:30pm
I'm demoing with ATCbrokers. I think they are just fine. Maybe they are 1 pip off from Mbtrading sometimes, but at some other time, they are even better than MBT.
  • #6
  • Jul 3, 2008 3:54pm Jul 3, 2008 3:54pm
what`s min to open an account ?
  • #7
  • Jul 3, 2008 4:58pm Jul 3, 2008 4:58pm
$3500.
  • #8
  • Jul 3, 2008 5:30pm Jul 3, 2008 5:30pm
I think the confusion stems from Hotspot demo quoting tighter spreads than on Hotspot live. I have watched ATC demo and Hotspot live simultaneously - and they match pip for pip. Hotspot demo quotes are not representative of Hotspot live.
  • #9
  • Jul 12, 2008 5:40pm Jul 12, 2008 5:40pm
Quoting shrike
I think the confusion stems from Hotspot demo quoting tighter spreads than on Hotspot live. I have watched ATC demo and Hotspot live simultaneously - and they match pip for pip. Hotspot demo quotes are not representative of Hotspot live.
This is a possibility. If this is the case then I for sure dont want to go with Hotspotfx either.

I dont understand it, but Ikon Royal seems to have the best spreads with Oanda coming in second and they are not ecn's.

with my style of trading I need 1 pip eur/usd and that is Total: spread + comm.

Now the hotspotfx demo was shoing .5 pips on this and their commission is equal to .6 pips giving a 1 pip spread. BUT IF THIS IS NOT REPRESENTATIVE OF THEIR LIVE FEED then its not worth pursuing.

mike
  • #10
  • Jul 13, 2008 2:49am Jul 13, 2008 2:49am
MT4 cannot provide ENC prices because it can't technically provide .1 pip quote.
  • #11
  • Jul 13, 2008 3:08am Jul 13, 2008 3:08am
Quoting melpheos
MT4 cannot provide ENC prices because it can't technically provide .1 pip quote.
Yes it can. I'm running an MT4 demo account with a broker that shows fractional ECN spreads. They just add an extra digit after the price so EUR/USD would be 1.xxxxx instead of 1.xxxx.
  • #12
  • Jul 13, 2008 3:14am Jul 13, 2008 3:14am
I wanted to know one thing guys are the quotes of mb trading demo and live the same?
  • #13
  • Jul 13, 2008 3:19am Jul 13, 2008 3:19am
Quoting oakmonster
Yes it can. I'm running an MT4 demo account with a broker that shows fractional ECN spreads. They just add an extra digit after the price so EUR/USD would be 1.xxxxx instead of 1.xxxx.
Didn't knew that. Thanks.

What demo broker is it ?
  • #14
  • Jul 13, 2008 6:17am Jul 13, 2008 6:17am
Quoting bksujal
I wanted to know one thing guys are the quotes of mb trading demo and live the same?
go ask them, where talking about atc broker with hotspotfx feed, besides they are the most expesive ecn out there, i will never trade with mb trading.
If I Go Broke Trying Then I Will die happy.
  • #15
  • Jul 13, 2008 6:25am Jul 13, 2008 6:25am
it's not act, it's ATC BROKERS.
If I Go Broke Trying Then I Will die happy.
  • #16
  • Last Post: Jul 13, 2008 8:25am Jul 13, 2008 8:25am
Ikon Royal has the lowest spreads of all; thats a fact. Just download their demo and you will see for yourself. I have seen GBP/JPY at times of high liquidity at 2-3 pips spreads with a live account with them. And they dont charge any commission.
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