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Large Liquidity

  • #1
  • First Post: Sep 21, 2009 2:27am Sep 21, 2009 2:27am
I am looking for a broker who has enough liquidity to handle $400,000 worth of trading capital at about 1 to 2% risk per position.

I understand most MT4 brokers do not have liquidity enough for this volume. Therefore, I am inquiring those experienced with other platforms.

Moreover, FXDD has just released a new MT4 (extreme) platform that is essentially an ECN. Has anyone dealt with this platform using large volumes? Or has anyone used FXDD's Power Trader (minimum requirement $25,000)?

Thank you in advance.

-hans356
  • #2
  • Sep 21, 2009 8:00am Sep 21, 2009 8:00am
yeah, FXDD's MT Extreme offers ECN like trading solution, their commission is set at $15, but you can definitely negotiate for a lower rate.

I have a live MT4 Extreme account with them, execution and spread both are very good. Also, your amount of trading capital is not a problem with them.

good luck.
  • #3
  • Sep 21, 2009 10:45am Sep 21, 2009 10:45am
Quoting hans356
I am looking for a broker who has enough liquidity to handle $400,000 worth of trading capital at about 1 to 2% risk per position.

I understand most MT4 brokers do not have liquidity enough for this volume. Therefore, I am inquiring those experienced with other platforms.

Moreover, FXDD has just released a new MT4 (extreme) platform that is essentially an ECN. Has anyone dealt with this platform using large volumes? Or has anyone used FXDD's Power Trader (minimum requirement $25,000)?

Thank you in advance.

-hans356
PFG Best should be fine for you; I used to trade using their Currenex platform.

Although I do have an account with FXDD, I would be VERY nervous keeping $400K with them. Although they are probably the best of the bucketshops, they are still a bucketshop, and an unregulated one at that. Don't get me wrong, I have been very happy trading with them on a much smaller account, but $400K? I wouldn't do it.

PFG is also a large futures broker, and they are regulated by the CFTC.

By the way, the FXDD "Extreme" platform is nothing new; it's been around quite a while now, at least since mid-2008...
  • #4
  • Sep 21, 2009 12:16pm Sep 21, 2009 12:16pm
Actually, FXDD’s MTXreme platform has been around for more than a year now. For whatever reason, they don’t seem to promote it too loudly, but it is a nice platform.

Has all the functionality of MT4 with tighter rates, often choice or one pip in the majors and much better in the crosses as well. The downside is that it is a commission based platform and since it reflects the exact best bid-best offer price they receive from their banks, rates can go wider for a short time during news events.

Their MT4 platform seems to retain the normal spread during news, so MTXtreme would probably not be best for news traders. I do know that they have a lot of traders using the Extreme platform.

I inquired myself about their institutional platforms. Powertrader is their white label version of Currenex, has great liquidity and again is commission based. They also work with other institutional platforms like Integral and EBS.

Hope this helps you. FXT
  • #5
  • Sep 21, 2009 8:08pm Sep 21, 2009 8:08pm
Thank you, all, for the replies. They are much appreciated!
  • #6
  • Sep 21, 2009 8:33pm Sep 21, 2009 8:33pm
Quoting forextrader0
Actually, FXDD’s MTXreme platform has been around for more than a year now. For whatever reason, they don’t seem to promote it too loudly, but it is a nice platform.

[color=#000080][font=Arial]Has all the functionality of MT4 with tighter rates, often choice or one pip in the majors and much better in the crosses as well. The downside is that it is a commission based platform and since it reflects the exact best bid-best offer price they receive from their banks, rates can go wider for a short time during...
Does fxdd mt4 extreme have the "slippage control" option on the order window like their regular mt4 platform has?
  • #7
  • Sep 21, 2009 8:49pm Sep 21, 2009 8:49pm
I tested MT4 extreme and didnt like it at all. Its only 4 digits (so they're putting the fractionals in their pocket) and its smoothed. If you dont need MT4 the FXDD Currenex PowerTrader feed is true ECN. - If you need MT4 then MBTrading or ATC Brokers are your only choices.
  • #8
  • Sep 22, 2009 5:46am Sep 22, 2009 5:46am
FXDD Have Slippage Control

Quoting LEXngton
Does fxdd mt4 extreme have the "slippage control" option on the order window like their regular mt4 platform has?
Charting Markets into the Future...MǎҖ€¥.
  • #9
  • Sep 22, 2009 5:49am Sep 22, 2009 5:49am
I used FXDD with capital 30k and they ok no problem with withdrawal, good customer service, and fast execution.
but not good during news trading, offqouta...

But overall they Honest Broker.

Quoting hans356
I am looking for a broker who has enough liquidity to handle $400,000 worth of trading capital at about 1 to 2% risk per position.

I understand most MT4 brokers do not have liquidity enough for this volume. Therefore, I am inquiring those experienced with other platforms.

Moreover, FXDD has just released a new MT4 (extreme) platform that is essentially an ECN. Has anyone dealt with this platform using large volumes? Or has anyone used FXDD's Power Trader (minimum requirement $25,000)?

Thank you in advance.

-hans356
Charting Markets into the Future...MǎҖ€¥.
  • #10
  • Sep 25, 2009 4:59pm Sep 25, 2009 4:59pm
Thank you to all, but has anyone placed $500,000 into their trading account and liked their broker? Feel free to P.M. me if you wish not share such details seeing most traders are trading with a few thousand. (No offense to those. I used to be there myself a few years ago.)
  • #11
  • Sep 25, 2009 5:08pm Sep 25, 2009 5:08pm
Quoting hans356
Thank you to all, but has anyone placed $500,000 into their trading account and liked their broker? Feel free to P.M. me if you wish not share such details seeing most traders are trading with a few thousand. (No offense to those. I used to be there myself a few years ago.)

Citi allows you to trade FX, and is FDIC insured. ALL of your account. (Just a thought.)

Also, there is something like 60 pairs.
  • #12
  • Sep 26, 2009 2:37pm Sep 26, 2009 2:37pm
Would there be a reason why you would not trade through the CME?
  • #13
  • Oct 21, 2009 12:44am Oct 21, 2009 12:44am
Quoting clockwork71
Citi allows you to trade FX, and is FDIC insured. ALL of your account. (Just a thought.)

Also, there is something like 60 pairs.
and citi requires 2% marigin so it's 50:1 like oanda
  • #14
  • Oct 21, 2009 1:51am Oct 21, 2009 1:51am
Hans356 I sent you a message. Please check.
  • #15
  • Oct 23, 2009 5:28pm Oct 23, 2009 5:28pm
Hans356 I resent you the PM. Please check your inbox.
  • #16
  • Oct 23, 2009 10:06pm Oct 23, 2009 10:06pm
Quoting lcfxtrader
Would there be a reason why you would not trade through the CME?
Thats a good question. Why not trade with the CME?
Why would a trader use $400k to trade with a bucketshop?
With $400k, you have options. Should look into Futures.
  • #17
  • Oct 26, 2009 1:12pm Oct 26, 2009 1:12pm
Quoting lcfxtrader
Would there be a reason why you would not trade through the CME?
Hi, lcfx.

I'm not sure if this question was directed to me, but . . . it is because I am not familiar on how to trade through the CME. I tend to stay away from things that I know nothing about. Sure, I could learn, but I am comfortable with ECN's. (Perhaps I should begin learning the process of CME while I trade using an ECN.)

And no, Jhig, . . . I am not interested in trading futures. Been there, done that.

Hope all is well,

hans
  • #18
  • Edited 10:32am Feb 10, 2010 10:07am | Edited 10:32am
FXDD MT4 Extreme is market making, no real ECN. Ask them...they just provide best bid/offer from ECN market, but they are taking other side of your trade...so no clue why they charge (large) commission.

Also to take large liquidity, you need to step away from fractionals...

I wouldnt choose to trade Euro FX futures on CME as long as I dont see a 0 spread...but it depends on your trading style I guess...

With 400K you have indeed much better options...for example go to a Tier 2 PB or if you have $500K, get a PB contract at a AAA rated bank like Rabobank.
  • #19
  • Feb 10, 2010 10:31am Feb 10, 2010 10:31am
I would be incredibly nervous placing 400k with an unregulated broker. Lookk for regulated brokers that trade both retail fx & futures that way your money is safe and broker is regulated. Allow yourself a level playing field when trading that amount of money.
  • #20
  • Feb 10, 2010 10:35am Feb 10, 2010 10:35am
Quoting Jhig
I would be incredibly nervous placing 400k with an unregulated broker. Lookk for regulated brokers that trade both retail fx & futures that way your money is safe and broker is regulated. Allow yourself a level playing field when trading that amount of money.
Why trade retail FX with 400K? Retail is MM in my book anyways...But at FCStone you can trade both Futures and FX and they are tier2 PB...minimum deposit is 250K...
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