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  • #61
  • Nov 20, 2009 7:07am Nov 20, 2009 7:07am
Quoting Aja
Also noticed that you mentioned JadeFX. Do you like them? I was interested but i read this post and got turned off [http://www.forexnirvana.com/f11/jadefx-813/index6.html] - Are these issues fixed?
I did read a lot of things about them before opening a live account, including that thread. I had also used their demo servers extensively prior to opening an account, and the demo price feeds were freezing a lot but the problem was fixed. They have had problems before, just as any new broker would. They are also a bit amateurish when dealing with complaints and satisfying the customer. At the moment things are Ok at JadeFX for me.
  • #62
  • Nov 20, 2009 7:10am Nov 20, 2009 7:10am
Quoting >Apocalypto<
all my non 1 min trading is done with Gomarkets they have an excellent feed right now and I never have any issues. also they're aussie great advantage for me.
Are their servers located in Australia? Ping time from New York is around 200ms, which is too high.
  • #63
  • Nov 20, 2009 7:14am Nov 20, 2009 7:14am
Quoting Aja
PFGBest wont let me hedge
Are you sure? I thought PFGBest weren't affected by the NFA rules because of the way they handled trades at their backend. They wrote a press release about it.
  • #64
  • Nov 20, 2009 7:17am Nov 20, 2009 7:17am
Quoting onu
U dont get the point.....

as NFA slave they just cant offer hedges ! U tell us u can hedge there....
I don't think you get the point and you don't have the facts.

I am long U/J and short the same amount right now!
  • #65
  • Nov 20, 2009 7:20am Nov 20, 2009 7:20am
Quoting Hyper
Are their servers located in Australia? Ping time from New York is around 200ms, which is too high.
that's something you would have to speak to em about. i have never noticed a ping issue at my end.
  • #66
  • Nov 20, 2009 7:30am Nov 20, 2009 7:30am
Quoting >Apocalypto<
i have never noticed a ping issue at my end.
You wouldn't know unless you actually measure it.

Quoting >Apocalypto<
that's something you would have to speak to em about.
They're unlikely to make any fuss about someone complaining about a 200ms ping, as it's a small fraction of a second. Most traders probably don't care what ping times they get to their servers. I care because I've been choosing to use brokers with whom I get < 20ms ping times so that I get to see the latest prices and act on them before most others do.

I already have a live funded account with GoMarkets, but have stopped using them. It would be great if they had a server in New York.
  • #67
  • Edited 8:30am Nov 20, 2009 7:48am | Edited 8:30am
Hi hyper,

what's the deal with jade FX I just opened a demo. looks great the spreads and the com is 5$ a trade! per 100K lot. I called em they told me no regulation to avoid new NFA rules

the guy on the phone sounded Nigerian (I am not racist but god the cliquey) I am thinking about a small live account with em.

is anyone trading live with em??

just when you think they're something different a crack appears:

this is from their disclosure.

Quote
h) Trade Execution:
All accounts of Trader will be set to either the "No Dealing Desk" ("NDD") execution or "Dealing Desk" ("DD") execution in JadeFX's sole and absolute discretion. Additionally, JadeFX exclusively reserves the right to transfer accounts from one option to the other at any time. Traders on both DD and NDD execution may experience Widened spreads and slippage under certain market conditions including, however not limited to, when the trading desk is closed, around fundamental announcements, and at times of extreme...
]

that's something to worry about or a back in case their NDD goes down???

hmmmmmmmmmmmmmmm not regulated and this . maybe a scratch
  • #68
  • Nov 20, 2009 8:24am Nov 20, 2009 8:24am
JadeFX is in Wisconsin. Dont know about the Nigerian thing but they're USA. I was in Milwaukee when I heard about them and was tempted to make a visit but after I read the thread their wasnt any point...
  • #69
  • Nov 20, 2009 8:28am Nov 20, 2009 8:28am
JadeFX has some way to go before they can join the league of the big boys like Oanda, FXCM, etc, and it has been a rocky road judging by posts on various forums, including their own on their web site.

I only started trading live recently and I have been glad to see that it's very much like their demo (after the demo price feed freezing problem was fixed).

You highlighted "by slightly marking up the price", but check the actual spreads. They are quite tight, so I don't think they actually do any markup.
  • #70
  • Nov 20, 2009 8:31am Nov 20, 2009 8:31am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting &gt;Apocalypto&lt;
I don't think you get the point and you don't have the facts.

I am long U/J and short the same amount right now!
whats up? Didnt talk with u....
  • #71
  • Nov 20, 2009 8:32am Nov 20, 2009 8:32am
Quoting Aja
ATC just leases the FXCM feed for liquidity
Would it theoretically be better to go directly with FXCM Active Trader? The only disadvantages I see is the higher commission and higher minimum initial deposit (25K USD). But I'd presume spreads and execution would be the best you can possibly get.
  • #72
  • Nov 20, 2009 8:32am Nov 20, 2009 8:32am
Quoting Hyper
Are you sure? I thought PFGBest weren't affected by the NFA rules because of the way they handled trades at their backend. They wrote a press release about it.
Just checked with PFGBest. You CAN Hedge BUT only until 5pm. Its intra-day and useless. (I knew I crossed them off my hedging list for a reason) - Also Active Trader isnt MT4 so thats not a option for me. I got EA's to run. Most Pro Scalpers swear by FXDD Currenex PowerTrader platform if you dont need MT4.
  • #73
  • Nov 20, 2009 8:35am Nov 20, 2009 8:35am
Quoting onu
whats up? Didnt talk with u....
you talked about a broker i use and know very well. so I felt compelled to answer your comment with the facts.

If you would like a screen shot of a hedged trade on ATC let me know
  • #74
  • Nov 20, 2009 8:35am Nov 20, 2009 8:35am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Aja
I hedge EVERY day! - Its part of my EA's strategy. Thats why I chose ATC - I didnt want to move my account overseas and they are the only USA ECN that lets you hedge. - MBTrading/PFGBest wont let me hedge so I chose ATC because I can (as well as the low commish and great fills) - There are a few other USA shops you can hedge with (CFX, IamFX, Gallant, JadFX, FXDD, PrimeBankForex) but they're not ECN's so I stuck with ATC. - Actually nothing changed when the NFA rules went into effect. I can still do everything I could before the ruling. (hedging,...
OK, this means they are not member of NFA and the statement on their page is not true... thats why i called it fishy
  • #75
  • Nov 20, 2009 8:38am Nov 20, 2009 8:38am
Quoting Hyper
JadeFX has some way to go before they can join the league of the big boys like Oanda, FXCM, etc, and it has been a rocky road judging by posts on various forums, including their own on their web site.

I only started trading live recently and I have been glad to see that it's very much like their demo (after the demo price feed freezing problem was fixed).

You highlighted "by slightly marking up the price", but check the actual spreads. They are quite tight, so I don't think they actually do any markup.
I am keen on em Hyper,

really thinking about opening a 1k account. 5$ coms and the spreads are very good on the majors I like to trade on 1 hour.

I am not fussed if they mark up, they need to earn a living. the switch from NDD to DD is the bit that worried me.

thinking about it.
  • #76
  • Nov 20, 2009 8:42am Nov 20, 2009 8:42am
Quoting onu
OK, this means they are not member of NFA and the statement on their page is not true... thats why i called it fishy
Maybe they quit. I dont hold it against them. Their website looks just like it did on day 1 when they were with HotSpot (I miss those days. You could lookup the counterparty) - since then there's been a LOT of changes. - I havent asked about it because I actually prefer Non-NFA brokers. I wish MB would quit that scam organization so they could Hedge, Non-FIFO and up the Leverage. - I keep asking why they're a member but they wont answer. They provide a true feed and the Banks doesnt care if you buy/sell the same currency (Its YOUR money). Why do they care?
  • #77
  • Nov 20, 2009 8:46am Nov 20, 2009 8:46am
Quoting Aja
Active Trader isnt MT4
You can get it in MetaTrader by request. I did my research. I also asked about it via email and they said yes.

Let's not stray too much from the thread topic. The only reason we are talking about these other brokers is because they are alternatives to The Collective FX.

So if anyone can share anything more about the current state of The Collective FX please do so. At the moment they seem like some secretive society that people aren't allowed to talk about.
  • #78
  • Nov 20, 2009 8:53am Nov 20, 2009 8:53am
Quoting onu
OK, this means they are not member of NFA and the statement on their page is not true... thats why i called it fishy
What type of Muppet are you??

Are you to lazy at all to look up basic facts before you make assumption on this forum ONU??

freakin hell, you think they just make things up and stick it on their website???

look for yourself and face the fact that you can hedge with them. I think you're very misinformed!

http://www.nfa.futures.org/BasicNet/...d=0358522&rn=N
Attached Image (click to enlarge)
Click to Enlarge Name: ATC.jpg Size: 58 KB
  • #79
  • Nov 20, 2009 8:53am Nov 20, 2009 8:53am
I running the CFX demo and just notices that Nano lots got activated Today so that means they've switched to Citi. I'll run my spread recorder on 'em an see how the spreads check out. If anyone's running LIVE they can comment on the fills. (when I was with them before fills weren't a issue, I just didnt like the DB spreads)
  • #80
  • Nov 20, 2009 9:14am Nov 20, 2009 9:14am
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting &gt;Apocalypto&lt;
What type of Muppet are you??

Are you to lazy at all to look up basic facts before you make assumption on this forum ONU??

freakin hell, you think they just make things up and stick it on their website???

look for yourself and face the fact that you can hedge with them. I think you're very misinformed!

http://www.nfa.futures.org/BasicNet/...d=0358522&rn=N

1)try to controll your inapropriate tone

2)explain how can a NFA member offer hedges? Ever heard about NFA doesnt allow hedges anymore?
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