Boston Technology MT4 platform

i have found a website introduce a new technology in meta4 platform .
Boston Technology .

Boston Technologies Bridges

Bank Connections

Currently Boston Technologies' bridges support connections to:
ACT Forex Deutsche Bank (Autobahn) Bank Of America Dresdner Barclays FXCM Baxter Gain Cantor-Fitzgerald Hot Spot Citi FX Integral FX Inside Currenex Saxo dbFX UBS
Boston Technologies (BT) Bridges provide a direct link between a broker's trading platform and a liquidity provider. By assigning specific clients, or the entire client base, to process through a BT Bridge, the broker is able to unload their risk and make guaranteed profits off spreading and commissions.
The BT Bridge product is an out of the box straight through processing (STP) solution. The Bridge is managed through a simple configuration GUI, which runs in Microsoft Windows. In addition to the automated forwarding of trades from the platform to the bank, the Bridge also keeps a log of all transactions, supports scheduled tasks (connect, disconnect, reporting), and has excellent failure detection and reporting facilities.
We currently have BT Bridges to ACT Forex, Bank Of America, Barclays, Baxter, Cantor-Fitzgerald, Citi FX, Currenex, dbFX, Deutsche Bank (Autobahn), Dresdner, FXCM, Gain, Hot Spot, Integral FX Inside, Saxo, and UBS. We can also develop a bridge for the bank of your choice.

http://www.bostontechnologies.com/as...dgediagram.jpg

More detail infomation can be found at below website :

bostontechnologies dot com
Anyone have trade on those brokers using the Boston Technology MT4 platform ? Can share your experince ?

I have talk to FXCM UK customer support, one of the Boston technology broker, they claim that trader can use whatever method they like , Manual trading , EA scalping also wellcome. They said , when you earn money , the broker is not losing.

The broker instantly offset the position to the liquidity provider , the Banks .. The broker get income by the compensation of the volumn and spread . The more and frequence we trade , the more income they will get .

They claimed :

 

1. No Dealing Desk Execution Means No re-quotes
2. Hedging Capabilities through MT4
3. Spreads as low as 1 pip EUR/USD
4. Accepting All EAs, including Scalping EAs

Anyone have experience and opinion with the FXCM UK MT4 PLATFORM POWERED BY BOSTON TECHNOLOGY ?

Hello guy , pls share your own experience and opinion on this latest Boston Technology platform
Thanks

i would imagine that FXCM UK uses this bridge to plug MT4 right into their Liquidity sources which would explain the higher spread in the UK operation...

i have a FXCM UK demo account, the spread is not fix and always fluctuate,
the spread is higher on Asia morning , before japanese market open due to low liquidity

I wouldn't go with anything that Boston Technologies makes since they're they ones who developed and sold the virtual dealer plugin to MT4 brokers to help them rip off their customers.

I wrote the same exact thought in the Boston+FXCM thread!!

You're totally correct FT


By the way do you believe Broco is trust worthy? I had read they claimed to be a true ECN and their comissions were very low (flat $5 I think) but the problem was they were based in russia and not regulated by the NFA or CFTC and were established in 2008 just a year ago.

I'm very keen to go with them but considering these factors I thought I might never see my money again.

Not being funny but do you really think Boston Tech are the only ones to write virtual dealer software like that?

Unfortunately for them it got publicized whereas other shops bespoke software is usually a closely guarded secret.

Just because it's written and developed by Boston Technologies doesn't automatically mean it's suspect in my opinion, they're obviously proficient at what they do whether it's good or bad for the trader.

I have a demo account on Broco, while they have CFD's on indexes.
On that account I have often problems with data. I am missing data from several minutes up to half an hour. Some weeks it is okay and after that it's back again for a week or so.

I had a chat with Broco several month ago and they said that they were almost ready soving the probs by changing there servers or something like that. Last week I send them a message again, but didn't get any response.

Pipmutt, I agree.

In the past my interest was triggered by the Boston bridge, but I didn't dare to go for it. Now I hope people who used this bridge will reply to this thread...

I was sucked into to purchasing the Boston Technologies S.Y.O.B (start your own brokerage). I can't go into specifics but I'm in a dispute with them and considering litigation for a host of reasons.

I'm looking for other individuals or "small guys" who have had a terrible experience with this company to get in touch with me to form a collective voice and to gather a prior history of malpractice.

Should the dispute not be settled in a reasonable matter. I will be starting my own thread here and all over the internet as well as a life long campaign to put these guys out of business and to warn people about this company. I will explain everything in detail, no holes bared!!

In the meantime, I urge people to PM me.

I did know a couple other groups who traveled down that same BT-MT4 road and ended up loosing their prime clearing relations/credits and huge Legal issues with CFTC and their clients do to the bugs in their so called (STP) solution .

Why do you think FXCM needs to move all their "BT-MT4 accounts over to UK,,, hmmm

Hi Tom

FXCM is moving MT4 accounts to FXCM UK due to how FIFO will affect expert advisors. Allowing our traders to use expert advisors was one of the big reasons we decided to launch MT4.

I know that many brokers have been announcing their solution for MT4 FIFO compliance, but each solution has individual quirks that would require an EA to be re-coded in almost every case. Some brokers are allowing you to close positions non-FIFO as long as you are closing same size positions. Some allow hedging intraday but then close the hedged trades in FIFO order at the end of the trading day. Some seem to keep a different back office report than what the trader is actually seeing on their platform. Some are using the Metaquotes solution closing positions strictly by FIFO. And the list goes on.

The only way we can be certain that everyones' EA will continue operating as it has been without modification is to offer it through FXCM UK.

Jason

O yea, it’s FOF OK especially if one of their paid bloggers should I say “spinster PR guys” sees so !!

what a joke FXCM has army of bloggers locating blogs and post and spinning the truth into misleading positives for FXCM. Wasn’t this NFA issued warning exactly of this issue?



http://i28.tinypic.com/25ptj03.jpg

There's not much use in speculating when you can get an answer directly from an FXCM employee. That's what I'm here for.

That’s the equivalent of asking the used car sales man if the cars your looking is a good buy.

OK Jason Ill bite, can you explain why and who the NAF warning in my previous post was directed to? And how many blogger s dose FXCM employ and if the forums here would allow links to their so called blogs>

The warning was sent to all Forex Dealer Members; however, the message was intended to make it clear that rule 2-43 does not ban the use of stops and limits.

FXCM advertises on blogs and forums; however, we currently do not employ any. If we did it would be disclosed. I believe we had the same discussion earlier in July http://www.forexfactory.com/showthread.php?t=180218 .

ROFLMAO

Quoting Jason Rogers

Disliked

The warning was sent to all Forex Dealer Members; however, the message was intended to make it clear that rule 2-43 does not ban the use of stops and limits.

Ignored

O I see “ Ok If you say so!!

Quoting Jason Rogers

Disliked

FXCM advertises on blogs and forums; however, we currently do not employ any. If we did it would be disclosed. I believe we had the same discussion earlier in July http://www.forexfactory.com/showthread.php?t=180218 .

Ignored

So that add (google ) “ Bloggers! FXCM is looking for YOU! ” FXCM has out ON ALL THE FORUMS AND BLOGS is for what?

Quoting IndyTrader

Disliked

ROFLMAO

Ignored

IndyTrader May I join,,, ROFLMAO : )

Hi Tom,

The title you referenced was not created by FXCM. If you want to view where we made the official posting it is on LinkedIn in the Europe Jobs group http://www.linkedin.com/groupAnswers...8964236947_5_1 .

FX Street re-posted the listing on their site as well with their own title. http://www.fxstreet.com/forum/showthread.php?t=52238 .

-Jason

O I see, I guess your clarifications of “posting it is on LinkedIn in the Europe Jobs group” has nothing to do with Europe being outside the jurisdictions of CFTC/NFA giving them no legal rights to FXCM gorilla marketing tactics, right? And I guess “since FXCM is such an upstanding firm LOL it was out of the goodness of all the forums/blog administrators/members to repeat that post in their own forums/blogs “last count over 5” , right? Ok how about this, your army of well paid blogger s/posters/forums admin are starting to show their try colors and you best be aware IP addresses and penalty of peerage in a court room cost a lot more then even FXCM can afford.

And now back to your statements FXCM “does not” employ bloggers, well Mr Rogers, (if that’s even your real name) what you’re doing here (using a 3erd party domain/forums to publish messages about a firm) could very easily be translated as blogging/.


o By the way, whatever happened to the “forexsavior” postings, he seems to have dramatically Scaled down updates over the past 2 months? Hmmm, wonder why..