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  • #21
  • Sep 24, 2009 7:56am Sep 24, 2009 7:56am
skorcht, all I'm saying is be careful and I hope you don't lose any money. Like I said before I'd be hesitant to use a broker that used a shared hosting environment with 281 other websites (customers). If I was buying a little widget I probably wouldn't care, but if my lively hood depended on it...I'd definitely care.

That's all I'm saying.
  • #22
  • Sep 24, 2009 10:24am Sep 24, 2009 10:24am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting >Apocalypto<
zero to negitive spreads happen with some ecn brokers, seen negitive on currenex . here is a some shock for you, the gomarkets feed hits 0 and negative on some pairs!
0 and negative?? How is this possible? They are NOT an ECN broker..
  • #23
  • Sep 24, 2009 9:16pm Sep 24, 2009 9:16pm
Quoting onu
0 and negative?? How is this possible? They are NOT an ECN broker..
Currenex is not a true ECN access? I think they're mate.

Gomarkets have plugged a currenex pool into MT4 with out the fiddling with the spreads.

do some home work, these things are a fact of life above the MM dealing desks.
  • #24
  • Sep 24, 2009 10:59pm Sep 24, 2009 10:59pm
Quoting GulfCoastPip
skorcht, all I'm saying is be careful and I hope you don't lose any money. Like I said before I'd be hesitant to use a broker that used a shared hosting environment with 281 other websites (customers). .
let me ask you...
do you know WHY they have&use their current website?
it's a very specific reason
taking series 3 and 34
  • #25
  • Sep 26, 2009 8:22pm Sep 26, 2009 8:22pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting >Apocalypto<
Currenex is not a true ECN access? I think they're mate.

Gomarkets have plugged a currenex pool into MT4 with out the fiddling with the spreads.

do some home work, these things are a fact of life above the MM dealing desks.


"do some home work.."

dont be so arrogant, no reason for that probabely i m way more experienced than you. I was wondering, bc Gomarket is still NOT an ECN and they didnt confirm so far the currenex pluggin, period
  • #26
  • Oct 22, 2009 12:33am Oct 22, 2009 12:33am
Looks like The Collective are moving again, this time to Citibank. I'll be interested to see what the spreads look like come Sunday!
  • #27
  • Edited 9:32pm Oct 22, 2009 1:06am | Edited 9:32pm
Quoting onu
"do some home work.."

dont be so arrogant, no reason for that probabely i m way more experienced than you. I was wondering, bc Gomarket is still NOT an ECN and they didnt confirm so far the currenex pluggin, period
My last reply was a out of line and I edit it to take it back.

onu sorry for being a smart ass.
  • #28
  • Oct 22, 2009 7:12am Oct 22, 2009 7:12am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting >Apocalypto<
so much more experienced, you didn't even know you can get 0 to negative spreads on currenex!!


Hi :nerd:
U still dont get the point....
  • #29
  • Oct 22, 2009 6:58pm Oct 22, 2009 6:58pm
Quoting >Apocalypto<
so much more experienced, you didn't even know you can get 0 to negative spreads on currenex!!

I have traded on currenex, and I have seen QUOTES of under spread, which is a system lag. You get FILLED on a slip.

You will not even get 0 spread on interbank so stop being so delirious. No one exchanges money for free, especially institutions with large overhead.

The banks make most of their profit from FX and other spread based derivatives. Because they control what they make from the transaction. They basically sell for 2.5 pips and buy back for 2 pips making .5 pips. UBS, deutche and HSBC have NEVER had a 0 or negative spread in the 3 yrs I have traded on their systems.
The lowest spread I have seen that was FILLABLE was 0.2.

And GO-MARKETS is far from direct access.
  • #30
  • Edited 7:40pm Oct 22, 2009 7:26pm | Edited 7:40pm
Quoting Takisd
I have traded on currenex, and I have seen QUOTES of under spread, which is a system lag. You get FILLED on a slip.

You will not even get...
I have seen aud/usd at -2 at my last employer on the desk on a few times on their currenex feed. they did about 80 mill a day in hedging. On ATC I have seen 0 spreads on EUR/USD and USD/JPY on many a time.

I have seen gomarkets new feed with -.5 on USD/JPY on many a time. That in mind, I have never seen IB under .5 a pip.....

I will dig up the zero spread shot for ATC for you....

I trust my eyes, that doesn't mean I am right.......
  • #31
  • Oct 22, 2009 7:32pm Oct 22, 2009 7:32pm
Quoting Takisd
I have traded on currenex, and I have seen QUOTES of under spread, which is a system lag. You get FILLED on a slip.

You will not even get...
There you go buddy.

Before you say it, ATC demo and Live account have exactly the same feed.

Cheers
Attached Image (click to enlarge)
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  • #32
  • Oct 22, 2009 9:33pm Oct 22, 2009 9:33pm
Quoting onu
Hi :nerd:
U still dont get the point....
I guess I don't.

Hey I was out of line in the way i replied to u...... apologies.
  • #33
  • Oct 23, 2009 9:26am Oct 23, 2009 9:26am
In the forex interbank market there exists negative spreads.
But it all depends on the technology provider (currenex,hotspot,fxall,icap etc.).

Their algorithm tries to eliminate it because banks,funds,firms and other large institutes are interested in protection and avoiding internet lags while quoting.

When trading with hotspot sometimes you will be able to get executed on negative spreads.
But then the price "consolidates" within some milli-seconds at normal spreads - you haven't even the chance to benefit directly from it.
  • #34
  • Oct 23, 2009 2:56pm Oct 23, 2009 2:56pm
I suspect Collective is going to be THE peoples broker by the end of this venture, they are consistently looking for the best possible spread for their clients, yes... I mean clients... as in not just for themselves. I have confidence that they will come out victorious, all they need is alot more negotiation leverage (from traders that are serious) and they will be able to pull all kinds of nice strings.

Collective is one of the only Brokers that let you talk directly to someone of authority withing the collective instantly via skype... This is customer service at it's best right there...

I am assimilated... and am not even trying to fight it lol
  • #35
  • Oct 24, 2009 11:33pm Oct 24, 2009 11:33pm
Quoting Pharoah
Collective is one of the only Brokers that let you talk directly to someone of authority withing the collective instantly via skype... This is customer service at it's best right there...
As opposed to having an 800 number directly to the trade desk like every other reputable shop?

No NFA/CFTC registration, no physical address, support is via a couple of guys on Skype? It's rather amazing how very trusting some are of who they hand off their hard-earned capital to..
  • #36
  • Oct 25, 2009 3:07am Oct 25, 2009 3:07am
Quoting Trader KGB
As opposed to having an 800 number directly to the trade desk like every other reputable shop?

No NFA/CFTC registration, no physical address, support is via a couple of guys on Skype? It's rather amazing how very trusting some are of who they hand off their hard-earned capital to..
Normally I would agree, however, their mission is much more clear cut than any other broker out there, they don't hide behind anything and tell you exactly what's going on, unlike the dozens upon dozens of NFA/CTFC regulated brokers. Not to mention, their not a "Broker" in the loose sense of the term, they themselves are traders that are uniting with other traders to break from the broker limitations to receive true thin spreads on a LQ to broker level, instead of a LQ to Retail level.
  • #37
  • Oct 25, 2009 8:40am Oct 25, 2009 8:40am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Trader KGB
As opposed to having an 800 number directly to the trade desk like every other reputable shop?

No NFA/CFTC registration, no physical address, support is via a couple of guys on Skype? It's rather amazing how very trusting some are of who they hand off their hard-earned capital to..

U are absolutely right!

Their intentions may be honest, but just to trust someone out of the blue when it comes to deposit money is extremely problematic..... the doors are wide open for scam, fraud or bankruptcy
Not even in an USA bank the money was recently safe, why should it be safer in a private company??

Already forgotten, my dear trader fellows? Greed leads to losses!
  • #38
  • Edited 11:21am Oct 25, 2009 11:04am | Edited 11:21am
Quoting onu
U are absolutely right!

Their intentions may be honest, but just to trust someone out of the blue when it comes to deposit money is extremely problematic..... the doors are wide open for scam, fraud or bankruptcy
Not even in an USA bank the money was recently safe, why should it be safer in a private company??

Already forgotten, my dear trader fellows? Greed leads to losses!
How is it wide open to scams? THEY don't have your money like nearly all other brokers do, the BANKs they work with house the money, and only release it when YOU make a withdraw, Collective isn't allowed to touch your money. They only want the Leverage it gives them on the bargaining table.

When you make an account with the collective, you deposit money into a LP, Not into their bank/account, and if you're that concerned about having ur money stolen by a LP, maybe you should start stuffing your mattress with ur dollar bills.

And recent word of the day from Collective, they've just signed a deal with Citibank for from what I can gather, spreads you just don't see in the retail forex world. So really, it's up to you, work with corrupt brokers (nearly 100% of american brokers due to NFA's grubby paws) or work with a broker who is trying to make things right for you, the trader, sure it may be a scam in the end, but you know what, I don't see any difference between the allegations put forth about Collective, and the reality of the NFA regulated brokers.

Like I said, it's all a matter of choice, and your allowed to believe what you want to believe, I just think some education on the subject is needed tho. Oh, and what's this I see, could it be a physical address? Once again, education on the subject, and I'll leave it at that.

Welcome to Forex, the industry of Risk.
  • #39
  • Oct 25, 2009 11:42am Oct 25, 2009 11:42am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
OMG, trading experience less than a year??

Welcome in the forex world of illusions....good luck!
  • #40
  • Oct 25, 2009 12:24pm Oct 25, 2009 12:24pm
Quoting onu
OMG, trading experience less than a year??

Welcome in the forex world of illusions....good luck!

Ok, and exactly what does my trading experience have to do with anything here?

I hate to tell you there fellow, but I'm very knowledge in Forex given the amount of time I've known of it, so throwing out "less than 1 year of experience" isn't going to help your claim.

I'm well aware of the risks involved in both trading, and locating brokers... sounds to me like it took you alot longer to figure out than it took me, otherwise you wouldn't make statements like you just made.

Length of experience means nothing, it's how you utilize what you've experienced that matters, did somebody forget to mention that to you at some point in your life?

Get some FACTS, then come on back here, and tell me that the Collective is any less safe than your precious regulated brokers that I've heard countless people complain about from exceptionally poor trade execution to not being able to get their own initial DEPOSIT back. I'm sorry, but you're claims of regulated brokers being safer just holds no water at all.
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