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alpari ECN platform，no commission for 3 month？

  • #1
  • First Post: Nov 5, 2009 7:32pm Nov 5, 2009 7:32pm
Alpari Direct Pro （currenex）platform offers 0% Commission until January 20th, 2010. Does anyone have experience with it？ I think it might widen spreads just like other currenex platforms
  • #2
  • Edited 4:40pm Nov 6, 2009 12:38am | Edited 4:40pm
I hope the 'no commission for 3 months' deal doesn't overlap with their current 'no liquidity for 3 months' promotion...

http://i35.tinypic.com/2eelezc.png
  • #3
  • Nov 6, 2009 1:40am Nov 6, 2009 1:40am
Trader KGB，
is this a demo platform？ it means not things. alpari' commission is cheap than IB，but how about the spread and executions？ I
am happy with IB now for 5 month. just want to give alpari a try.
  • #4
  • Nov 6, 2009 3:40am Nov 6, 2009 3:40am
ECN my ass. that plus a com on top... man that must be the worst currenex feed they could get!

it's a shame people they're still marking up the spreads.

pic is of Interactive Brokers spreads, yes peeps that's 2 pips on the GBP/JPY and look at the spread on the GBP/AUD

I can't under stand why people trade with these jokers.
Attached Image (click to enlarge)
Click to Enlarge Name: Interactive Brokers Spreads..jpg Size: 88 KB
  • #5
  • Nov 7, 2009 2:52am Nov 7, 2009 2:52am
I've heard they got massive problems with slippage- how has your SL / TP + Trade Execution been?

Quoting &gt;Apocalypto&lt;
ECN my ass. that plus a com on top... man that must be the worst currenex feed they could get!

it's a shame people they're still marking up the spreads.

pic is of Interactive Brokers spreads, yes peeps that's 2 pips on the GBP/JPY and look at the spread on the GBP/AUD

I can't under stand why people trade with these jokers.
  • #6
  • Nov 7, 2009 4:11am Nov 7, 2009 4:11am
Quoting Risflex
I've heard they got massive problems with slippage- how has your SL / TP + Trade Execution been?
If KGB's pic is accurate, then you should expect some serious slippage / very partial fills on limits.
  • #7
  • Nov 7, 2009 7:12am Nov 7, 2009 7:12am
there spreads look like they added a pip or 2 to them. BTW you can't compare IB spreads with any other ECN, IB has the best spreads and comm in the business, right now im trading on currenex and my average spread on gbp/usd is 1.1 witch is not bad.
  • #8
  • Nov 7, 2009 1:15pm Nov 7, 2009 1:15pm
I was referring to IB, because of a recent post I read somewhere I can't remember

Quoting mikkom
If KGB's pic is accurate, then you should expect some serious slippage / very partial fills on limits.
  • #9
  • Nov 7, 2009 1:31pm Nov 7, 2009 1:31pm
The spreads aren't the problem, you cant expect tight spreads on any ecn with only 2 liquidity providers. PFG has a very similar looking cnx "hub" which is targeted to small retail clients (you can either use viking or the classic cnx frontend with that). These things are rather pointless, as far as i'm concerned.
  • #10
  • Nov 7, 2009 7:25pm Nov 7, 2009 7:25pm
Quoting BiggerPips
there spreads look like they added a pip or 2 to them. BTW you can't compare IB spreads with any other ECN, IB has the best spreads and comm in the business, right now im trading on currenex and my average spread on gbp/usd is 1.1 witch is not bad.
gbp/usd average spread on IB is about 1.5（Europe session，maybe less ），what is your currenex platform？commission？but why not choose IB?
  • #11
  • Nov 7, 2009 7:58pm Nov 7, 2009 7:58pm
Quoting Risflex
I've heard they got massive problems with slippage- how has your SL / TP + Trade Execution been?
I am a 1 min trader Risflex, if there were any types of slippage issues I would have moved on already. When you average 4-8 pips net per trade on the GBP/JPY serious slippage would turn profitable days into negative ones.

Execution on ent/exit is great on limit and at market, I do all my trading through book trader it's a great tool!

Inter B is IMO the best broker for me right now and I can't see myself going any ware as long as every thing remains as it is.
  • #12
  • Nov 8, 2009 4:27am Nov 8, 2009 4:27am
Quoting &gt;Apocalypto&lt;
Execution on ent/exit is great on limit and at market, I do all my trading through book trader it's a great tool!
Also, on booktrader you see the liquidity so if you trade liquidity that exists in booktrader, there by definition can't be any slippage.

(I of course don't know how massive positions you trade but at normal conditions the liquidity should be enough)

I personally have nothing bad to say about ib's execution. They also have some order types like LIT (limit if touched) where you have total control of the execution on stop-like orders.
  • #13
  • Nov 8, 2009 3:50pm Nov 8, 2009 3:50pm
Quoting longzhan
gbp/usd average spread on IB is about 1.5（Europe session，maybe less ），what is your currenex platform？commission？but why not choose IB?
i can't stand IB platform, spreads are about the same as yours, i think IB comm is much cheaper then mines, im paying $35 per mill, i also like leverage and im getting 100:1
  • #14
  • Nov 8, 2009 6:56pm Nov 8, 2009 6:56pm
Quoting BiggerPips
i can't stand IB platform, spreads are about the same as yours, i think IB comm is much cheaper then mines, im paying $35 per mill, i also like leverage and im getting 100:1
TWS, I can understand, FX trader maybe... but Book Trader how could anyone not like it??? It's so helpful!

  • #15
  • Nov 8, 2009 6:59pm Nov 8, 2009 6:59pm
Quoting &gt;Apocalypto&lt;
TWS, I can understand, FX trader maybe... but Book Trader how could anyone not like it??? It's so helpful!

, im pretty happy where im at.
  • #16
  • Nov 8, 2009 6:59pm Nov 8, 2009 6:59pm
Quoting mikkom
Also, on booktrader you see the liquidity so if you trade liquidity that exists in booktrader, there by definition can't be any slippage.
That makes sense, that's for advising that. since I switched to it I have never noticed any slippage.

Quote
(I of course don't know how massive positions you trade but at normal conditions the liquidity should be enough)

not that big 80K - 200K tops! I am still a little fish!

Quote
I personally have nothing bad to say about ib's execution. They also have some order types like LIT (limit if touched) where you have total control of the execution on stop-like orders.

IB is a one stop shop... I have not looked into all there order types cuz I trade at market or at limit

cheers
  • #17
  • Nov 8, 2009 7:13pm Nov 8, 2009 7:13pm
Quoting BiggerPips
im pretty happy where im at.
Which is where? (just out of curiosity)
  • #18
  • Nov 8, 2009 7:17pm Nov 8, 2009 7:17pm
Quoting BiggerPips
, im pretty happy where im at.
that's the main thing mate, trade well!
  • #19
  • Nov 8, 2009 7:22pm Nov 8, 2009 7:22pm
Quoting Trader KGB
Which is where? (just out of curiosity)
cmsfxpro.com and fxcmpro.com.
  • #20
  • Nov 8, 2009 7:47pm Nov 8, 2009 7:47pm
Quoting BiggerPips
cmsfxpro.com and fxcmpro.com.
http://www.fxcmpro.com/what-are-the-...th-fxcm-pro_96

Does this mean that you do not pay commissions at fxcm-pro currenex, but the fees are built into the spread?
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