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Boston Technology MT4 platform

  • #21
  • Jul 30, 2009 2:02pm Jul 30, 2009 2:02pm
It's posted in Europe Jobs group because the position is based out of France, Germany, and Sweden . Have you taken the time to read the posting?

Just to review the posting, here are the responsibilities:

Media Relations:
Establish relationships with the local financial press (TV, online, print, and radio).
Provide market analysis several times a week through traditional media venues and actively contribute to local trading forums/chat rooms.
Become the local “go to” person for coverage of Forex and international economics.

FX Analysis:
Write an exclusive article once per day for FXCM on either trading education or analysis.

Live Events:
Provide on a regular basis educational seminars to FXCM clients.

Having a media contact in major countries where our traders reside is important, and not uncommon for global companies.

-Jason
  • #22
  • Aug 31, 2009 8:50pm Aug 31, 2009 8:50pm
stating that the NFA will ban stop losses. The is absolutely ridiculous and very misleading. So, if we are in a trade, we better not to go to the restroom. I guess the empty gatorade bottel will come in handy now.

I bet FXCM will eventually get massive fines for this misleading email.

Also, now they claim the benefits using the Boston Technoligies. Oh please... massive off quotes. Will someone please do a video regardinig the disadvatages using the Boston Technologies, for the trader that is? I'd rather go through a dealing desk like FXDD or IBFX.


Is FXCM paying the NFA off????

Do I hear FXCM as the next Refco?????

Sorry for rambling but it just pisses me off that all these folks praise FXCM.




Quoting Tom_C
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
  • #23
  • Aug 31, 2009 9:07pm Aug 31, 2009 9:07pm
I thought they WERE the old Refco. I light a prayer candle every service for their current customers.
FF = Forex Faggots
  • #24
  • Sep 6, 2009 3:49pm Sep 6, 2009 3:49pm
I use Boston technologies and it SUCKS. You can't trade on a news day, it's slow and full of gaps. I tried 4 times to place a trade on Friday and it wouldn't go. I wanted to use Metatrader and they had a 500 min so thats why I opened an account. I guess forex is like everything else... you get what you pay for. DON"T use them.
  • #25
  • Sep 10, 2009 10:41pm Sep 10, 2009 10:41pm
Yes guys, I as well thought as FXCM has blunder decision since they work hand in hand with Boston Technology. But, I appreciate that FXCM is so frankly and honest to put words as "Powered by Boston Technology". It is really good for us be aware at the very beginning. Thanks to FXCM for that.

But... But... I know and have evidences that MT4 brokers are mostly cheat our trades... Or maybe there is a (are some) broker (s) that won't cheat us? If one of you guys know that, then please inform us here, we'll move our accounts to this broker (s)... It's a sad... real sad... Without being cheat, we are not as easy to get profit, then plus being cheat, wow, what a difficult things to do so...
John HP HollowPoint Trader Manual Trading At It's Best
  • #26
  • Sep 10, 2009 11:30pm Sep 10, 2009 11:30pm
Even the Boston Tech Demo SUCKS!! - It was absolutely the worst performer among the demos I tested. ECN/STP my A#$!! - They are 100% Crap!! - And you know they are a tech provider so if they wanted to make it better they could they just wanna rip us off. Screw FXCM AND BT - Jerks!!
  • #27
  • Sep 14, 2009 10:21am Sep 14, 2009 10:21am
Quoting hollowpoint
Yes guys, I as well thought as FXCM has blunder decision since they work hand in hand with Boston Technology. But, I appreciate that FXCM is so frankly and honest to put words as "Powered by Boston Technology". It is really good for us be aware at the very beginning. Thanks to FXCM for that.

But... But... I know and have evidences that MT4 brokers are mostly cheat our trades... Or maybe there is a (are some) broker (s) that won't cheat us? If one of you guys know that, then please inform us here, we'll move our accounts to this broker (s)......
All of FXCM's MT4 accounts use no dealing desk execution. Why did FXCM choose Boston Technologies? They specialize in creating technology bridges to connect MT4 with 3rd party execution systems. The important thing to keep in mind is that they customize MT4 to broker specification so the real onus needs to be placed on your broker as to how they requested their setup.

On FXCM's side, we are continuously making improvements to the platform. Last weekend we moved all of the MT4 servers to our own data center to increase reliability and added multiple order processing on each bridge to further increase the speed of execution. Traders on MT4 will see an improvement due to both of these updates.
  • #28
  • Sep 14, 2009 6:29pm Sep 14, 2009 6:29pm
Quoting hollowpoint
Yes guys, I as well thought as FXCM has blunder decision since they work hand in hand with Boston Technology. But, I appreciate that FXCM is so frankly and honest to put words as "Powered by Boston Technology". It is really good for us be aware at the very beginning. Thanks to FXCM for that.

But... But... I know and have evidences that MT4 brokers are mostly cheat our trades... Or maybe there is a (are some) broker (s) that won't cheat us? If one of you guys know that, then please inform us here, we'll move our accounts to this broker (s)......
Hollow forget these games and just get an account with Collective FX, ATC Brokers, MB Trading or FXDD Currenex PowerTrader (if you dont need MT4) - STOP having to trust your broker and get with someone that just puts your order in the market without ANY manipulation. Skip the games and start playing straight win or lose. STOP worrying about your broker and just focus on your trading. I wouldnt let BT or FXCM trade my pets doggie bones. Thieves!! - http://www.forexpeacearmy.com/public...w/www.fxcm.com
  • #29
  • Sep 15, 2009 8:17am Sep 15, 2009 8:17am
Quoting Fulltime247
get with someone that just puts your order in the market without ANY manipulation.
Hi Fulltime247, I'm happy that we can agree on one thing . FXCM's active trader, standard 10k, and MT4 accounts use no dealing desk execution so each order is executed back to back with global bank of financial institution. Every NFA regulated broker is required to outline in the trading agreement how their execution works, which I would recommend every trader review before choosing a broker.

As far as FXCM's execution, I believe traders will vote with their feet, and over 150,000 accounts are traded on FXCM's platform. No, not everyone will be 100% satisfied as we're not perfect, but we will do our best to help and correct problems.
  • #30
  • Sep 15, 2009 9:50am Sep 15, 2009 9:50am
Quoting Jason Rogers
The important thing to keep in mind is that they customize MT4 to broker specification so the real onus needs to be placed on your broker as to how they requested their setup.
I bet my bottom dollar that everything you requested in your set up is absolutely in your favour to keep raking in these dollars. As for the trader nothing, zero, no advantage whatsoever. As a broker, you are one of the hardest to make money from. You state that you have opened 150,000 accounts. I'd be surprised if even 10 % of these accounts were successful in making money from you.
  • #31
  • Sep 15, 2009 10:56am Sep 15, 2009 10:56am
Quoting PipStar
I bet my bottom dollar that everything you requested in your set up is absolutely in your favour to keep raking in these dollars. As for the trader nothing, zero, no advantage whatsoever.
How does FXCM make money on the setup? This is the fundamental question and I'm happy you hit the nail on the head.

FXCM is making money on volume. FXCM's revenues are directly correlated to volume. As volume goes up, revenue goes up. There's a mark-up on the spread which is how FXCM is compensated on each transaction. With no dealing desk execution, the outcome of your trading has no effect on FXCM's profit or loss. That's why we'll cut the pip mark up on the spread as your trading volume goes up. Naturally, it is in FXCM's business interests for you to continue trading long term and if you're not profitable, chances are you won't continue trading. I know it's hard to believe because it is a dramatic change to how our execution used to operate pre-November 2006.

If revenue is being generated off of volume, the broker dealer plugin is a moot point and has no relevance on our setup because the pip mark-up is a fixed amount. The same mark up amount is paid regardless of the slippage incurred on a trade or the amount of time it takes to execute.

I think the dealer plugin will undoubtedly be on the NFA's radar in the future in addition to other potential regulatory changes as it is clearly put there to the detriment of traders.
  • #32
  • Sep 15, 2009 11:47am Sep 15, 2009 11:47am
Quoting PipStar
I bet my bottom dollar that everything you requested in your set up is absolutely in your favour to keep raking in these dollars. As for the trader nothing, zero, no advantage whatsoever. As a broker, you are one of the hardest to make money from. You state that you have opened 150,000 accounts. I'd be surprised if even 10 % of these accounts were successful in making money from you.
Talk about hitting the "nail on the Head" ! I still (after 4 years) have never heard a decent explaination as to why 75% of all the negative posts on this "Broker" are complaining about Pricefeed problems (freezing platform or price hits or surpasses TP level but not triggered on their platform). I only know from comparison trading with other Brokers-because these things DONT happen with them.
FF = Forex Faggots
  • #33
  • Sep 15, 2009 12:21pm Sep 15, 2009 12:21pm
I'm a professional trader ( 5 years ) and just opened an account with FXCM - powered by BT - and what a surprise to see that I'm not able to close partial lots !

On demo trading this function is enabled !!! but not on live trading.

I think this is a very important feature of money management - can somebody of BT give me an answer ( FXCM told me that MT4 does not allow this !? ... I've an IBFX live account too, where this is possible, and a MBTrading live account (though not a Metatrader 4 dealstation), but it's possible too, so the reason cannot be the banks )

If this feature is not enabled, I'll better close my account as quick as possible, sadly, as FXCM is, to my opinion, a good broker.

Thanks

Woolf
  • #34
  • Sep 15, 2009 1:16pm Sep 15, 2009 1:16pm
Jason why is the Liquidity so low on your active trader platform, you say you can handle 50mill per trade, but on active trader it only show about 1-10mill 5 deep on gbp/usd pair
  • #35
  • Sep 15, 2009 1:37pm Sep 15, 2009 1:37pm
Quoting 8fingers
Talk about hitting the "nail on the Head" ! I still (after 4 years) have never heard a decent explaination as to why 75% of all the negative posts on this "Broker" are complaining about Pricefeed problems (freezing platform or price hits or surpasses TP level but not triggered on their platform). I only know from comparison trading with other Brokers-because these things DONT happen with them.
Hi 8 Fingers,

I personally reach out to users on the forum experiencing technical issues to investigate what is happening. While I can't go into each cases details, I can tell you in the most recent cases FXCM support hasn't been contacted to identify what is happening. FXCM keeps records of technical issues so even after the fact, we can review logs to review trades if there was a technical issue.

Is this a malicious event created by FXCM? If you're not logged in and trading, then we're not making the pip mark up off of your trade being executed. Any adjustments made on trades come out of FXCM's own pocket and diverts our client support resources.

Is technology perfect? No, it's not. Latency in the internet connection is a way of life for our traders in some areas of the world, particularly South Africa, Malaysia, Singapore, and China. But our technical support can help in the majority of situations by finding alternative connections with a proxy server.

Is FXCM's technology perfect? We have a very large in-house support and programming team, but technical issues can occur as with anything. The website www.fxstatus.com is updated every 30 seconds with the most up to date technical support information, and we take into account technical issues on every trade audit that may result from it.

As our client base grows, we understand internet latency is something out of our control which is why we are building features to help in the next generation of the trading station, which is web based and built on our fastest trading techology.

I understand you haven't traded with FXCM for about 3 years, if I remember correctly from our previous discussions. As one of FXCM's most vocal critics, how about I give you a free micro account, on FXCM, so that you can speak from experience ?

Jason
  • #36
  • Sep 15, 2009 2:16pm Sep 15, 2009 2:16pm
Quoting traderfx
Jason why is the Liquidity so low on your active trader platform, you say you can handle 50mill per trade, but on active trader it only show about 1-10mill 5 deep on gbp/usd pair
Hi traderfx,

Thanks for the question. While there is a max execution of 50 mill per click, that doesn't mean there is vast amounts of liquidity at each price. Active Trader platform pulls away the curtains so to speak, so that you can see what prices you'll be executed at if you plan to push through large trades.

As the spread gets wider the liquidity at that price becomes larger. The banks are managing their risk by limiting the amount they have on offer at the very tightest spreads. Below is a screenshot of the spreads I took just now of the Active Trader platform and the market depth so we can go over it in more detail. (Anyone can register for a demo if you want to follow along at home . Liquidity will fluctuate throughout the day along with the active trading periods.)

http://img147.imageshack.us/img147/2...tivetrader.jpg

I have the platform setup to show 5 levels of market depth. GBP/USD currently has 4 levels being quoted by the banks, with EUR/USD on the left hand side displaying all 5.

The Active Trader platform has it's own dedicated liquidity pool. So individual arrangements are made with the banks making this liquidity exclusive for active traders. Spreads are not consistently the tightest on the GBP pairs right now, so if you want to put through anything over 2-3 million per click, watch the market depth first. All of the other pairs are quoted with consistency, and we expect the spreads on the GBP pairs to tighten shortly.

So back to the example. If the bank is quoting a very tight spread, they won't be willing to take on a large amount of risk. In order to take on more risk, they're going to charge more. If you look towards the bottom of the market depth list it shows ALL. This tells you the total amount of liquidity available in the 5 levels of market depth and the average price it will cost you. For GBP/USD, you can buy 13 mill in one click at the price 1.6485 and the spread is 1.9 pips. Compare this with EUR/USD. You can buy 15 mill at the price 1.46595 at a spread of 0.6 pips. (There is also a commission which is based on your monthly trading volume).

Active Trader is useful when you're scalping actively throughout the day because you know what type of liquidity is out there in the market and what type of slippage if any you can expect. API connections are also available for active trader.

-Jason
  • #37
  • Sep 15, 2009 2:53pm Sep 15, 2009 2:53pm
Hi Jason,

I have bad experience about 2 years ago when i started traded with FXCM (US). Platform frequently freeze, i mean the Trading Station. Does FXCM overcome these kind of problem? Will I do check your micro account platform (live) it seem quite stable, right now i am trying FXCM MT4 demo. There's a lot of complaint especially from Asia country.
  • #38
  • Sep 15, 2009 3:14pm Sep 15, 2009 3:14pm
Quoting mattrader
Hi Jason,

I have bad experience about 2 years ago when i started traded with FXCM (US). Platform frequently freeze, i mean the Trading Station. Does FXCM overcome these kind of problem? Will I do check your micro account platform (live) it seem quite stable, right now i am trying FXCM MT4 demo. There's a lot of complaint especially from Asia country.
Hi Matt,

The platform freezing is something that comes up most often from our traders in Malaysia in particular, but it can also happen in Singapore, China and South Africa. From what's been described to me from traders experiencing this, there's simply a slowness in all of the information getting through on the connection such as the platform connecting, order confirmations being received, etc. Running a trace route on the connection will show if the information is timing out, and the amount of time it takes for information to be transmitted back and forth.

A little bit of background. When the trading station connects, it automatically detects the proxy settings to route your connection to our server. If the connection route is experiencing latency problems, then a proxy can be added manually to the trading station. We have a proxy setup through our Hong Kong office that should help. Please contact client services if you want to try the proxy and we'll give the instructions for setting it up inside the trading platform.

I'm happy it is working well on the micro account. Please send me feedback on the MT4 demo after you've tried demo for a couple of weeks.

Jason
  • #39
  • Sep 15, 2009 4:39pm Sep 15, 2009 4:39pm
Quoting Fulltime247
Hollow forget these games and just get an account with Collective FX, ... I wouldnt let BT or FXCM trade my pets doggie bones. Thieves!!
Don't Collective FX use Boston Technology?
  • #40
  • Sep 15, 2009 4:53pm Sep 15, 2009 4:53pm
Quoting euclid
Don't Collective FX use Boston Technology?
I'm not aware of it but if they DO use their bridge tech they most definitely dont use the Broker AUTO-Stealing Plugin (http://www.forexfactory.com/showthread.php?t=70582). CFX is one of the cleanest feeds on the net right not. ATCBrokers uses the FXCM feed but your trades dont go through FXJERK servers and they are also one of the best on the interweb. - Some brokers just want to steal from you using whatever tech they can get their crappy hands on. (Guns dont kill people, People...) - BT pisses me off because I demo'd the FXCM BT MT4 and IT WAS TERRIBLE!! OMG!! - It was BAD!! - Entries/Exits were the worst of about 10+ demo's I run. THE DEMO!! and they have the tech to create one of the best. So why do they have a bad rep? why does their demo suck? why do they have so many complaints? - its only because thats the way they WANT their platform to run. - Caveat Emptor!!
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