Is there a broker with Fixed spread and no Slippage *
* Under volatile markets.
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The best I have seen and use is ACM Capital Markets, Geneva office. www.ac-markets.com.
They now have fractional pip quotes which are adding to profits. Great cust service as well.
NFP saw hardly much movement compared to the other brokers we use. If you open a demo be prepared for a phone call rather quickly. Just explain you want to demo first. They are very cordial.
An Acm chat person told me no slippage whatsoever.but spread can change .
"We don't deal with MT4, it is just a system for market making and making peoples to loss money"
This is new to me mt4 is not good?
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You are absolutely right, never slippage. Have never experienced a requote with ACM, even in a panick "get me out of this trade some unanounced news just happened and I need to get out" situation where price is moving fast.
MT4 is just software, a platform brokers choose to use because of its popularity, but ACM have their own and takes some getting used to. I have seen it with other firms with different bells and whistles, and am not sure on the quote re MT4.
Their spreads can indeed change but so nominally to the others we have tried (and we've tried a BUNCH with live accounts) it has been a rather pleasing trading experience with respect to spreads and requotes, even in NFP. Add in the fractional pips and we are very happy.
ACM is more of a liquidity provider. So they have less interest in higher spread but in volume as they move a lot of currency. Of course there is profit in it for them but my perception and visit indicates much more liquidity and volume then a NA "broker."
FYI I have no interest in if they do well or not. Just stating we have been around the block with most of the major brokers in NA and are thoroughly enjoying trading with them.
sounds very good.Im currently with fxcm , and ive known spreads to widen 20-30 pips! this has stopped me out so many times as i didnt understand this concept untill saturday.
Ill need to get my account back to 2000usd before i transfer to acl
Thanks again for your help
roughly What kind of max spreads can u expect with acl ?
sounds very good.Im currently with fxcm , and ive known spreads to widen 20-30 pips! this has stopped me out so many times as i didnt understand this concept untill saturday.
Ill need to get my account back to 2000usd before i transfer to acl
Thanks again for your help
roughly What kind of max spreads can u expect with acl ?
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The most I personally have seen while trading is an additional 3 pips on NFP with them.
Is there a broker with Fixed spread and no Slippage *
* Under volatile markets.
Volatile markets refer to news time. ie, during those short few seconds when EURUSD can shoot 40~80 pips, GBPUSD can shoot 60-120 pips etc.
No broker will honor this kind of huge gap.
Need proof? I once had my account traded by a news trader. He raised my account by 6 figures. Come withdrawal time, Broker disabled the account, refused withdrawal and negated all trades. In the end, that 6 figures was reduced to just 3. I already had this posted in this forum years ago. Yet when I asked to withdraw that amount, I still got nothing. NOTHING!
Even if the sales representatives who claim they honor stops during these conditions, sales representatives are not Managers. If they see you making profits using News Trading, they can and will negate your trades.
If you doubt my words, then have the broker write in on paper that they will absolutely HONOR all trades made during news time especially the profitable ones.
BTW. this link you provided, does not refer to news trading. Its just one of those lucky traders who made 240K from 300.. This is just one in a million possibility. Its a marketing tool to announce such lucky traders so that it will attract more to trade under them. IF ForexClub really is a broker for news trader, and if ForexClub honors all trades and withdrawal, surely by now, ForexClub will have been under red.. Dont know you how profitable News Trading is? News traders can make 50% profit almost every news..
Personally, though the huge profit trading news is so irresistable, these horror stories from friends about brokers' actions against their news trades far outweights the dream - ie, I'd rather be awake away from the nightmares and trade conventionally.. Sure you can still trade news, but trade so with the ECN brokers - and not with Retail crap brokers.
subedei11
If you want the answers, ask the veteran news traders.
Lets be honest, do you really think News Traders will divulge their broker? Who in hell want their "Goose that lays golden eggs" killed? And telling anyone their broker is exactly just that. Once brokers are known to everyone, trading news under such broker will be impossible thereafter.
You just have to look at this point from the different angle pal. You telling me that brokers should not take any risks. Why customers should? Customers pay commissions, spreads, they working and take all risks possible(system down, fast markets, connection lost) and broker just make money! What da nice position!
Question1. - What kind of business is it when one side making without any risks and other take all risks possible without any warranty?
Question2. - Should I, as a customer, have any warranty?
Question3. - Do I have a right to trade any market with any conditions and be sure that broker will take care about fills at the prices I want?
If broker can say "YES" on all above - I want to do business with them. If not - thank you but no thank you!
The fx market doesn't operate in fixed spreads. Banks don't trade fx with each other at fixed spreads because the spread is a function of the bid/offer, the market depth at the bid/offer and these are variable.
There's plenty of fixed spread brokers out there but who will be market makers, they will be receiving variable spreads from their liquidity providers, then applying an algorithm to fix the prices you see in your platform.
Is there a broker with Fixed spread and no Slippage *
* Under volatile markets.
Ignored
Broker with fixed spread is usually much more expensive with a broker with changing spreads. Personally I do not think that it is a better opetion, mainly because you cannot trade with a fixed spread brokers during news, because 99% of the times the broker will not be able to provide the price you ask… I think that ECN broker is better. For brokers with no slippage you can look at Zulutrades page and see who doesn't have or have the lowest slippage in the market..
