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- #6
- Feb 13, 2010 6:42pm Feb 13, 2010 6:42pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
- #8
- Feb 14, 2010 5:10am Feb 14, 2010 5:10am
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
Incorrect about MBT. http://www.mbtrading.com/metatrader4.aspx
and the Minimum lot size is .1 lot or 1000 currency units.
Gomarkets have No dealing Execution as all trades are automatically executed at the market price meaning there are no requotes, ever. No dealing desk execution means you will never suffer from price manipulation or stop-hunting.
Regards,
Jeff
Just a bit of info.
There are two forms of dealing execution. There is market maker execution (an internal price that usually involves no slippage, or spread manipulation) and there is true market execution, where due to connection delay, slippage of .1-1 pip occurs on 70%+ orders unless you have a super fast internet connection.
Go markets claims to be STP, straight through processing, which means the orders do not go through a local dealing desk, but an aggregator. Without knowing who their aggregator is, you do not know whether or not your price is being manipulated.
For instance, in Australia, the major local banks are not on the interbank market directly, as their volume is not high enough for access. So they are going via someone on the interbank market. They want true market execution as per their contract with their stp processor (someone like RBS lets say) and they will receive slippage on any delay in order. Be it for a connection stall whatever. But it won't be much.
STP goes straight from client to aggregator to market (or internal). If for instance the aggregator of STP was a bucketshop, essentially your orders would be bucketed or traded against local volume. So if client xyz was selling 0.1 lot of eur/usd and client zyx was buying, their orders would be matched to limit exposure of the company. And using an algo they would find a may to make money.
If someone offering STP or ECN are NOT charging commission, they are essentially a bucketshop. Because their model does not support a profitable business.
For instance, if they are charging you 0 spread, and the market is at 0 spread, they are making 0. So if their spread on eur/usd is say 0.5-1 which is what the market usually trades at, and you get that. They are definitely not making cash from you.
So the question becomes, are you trading with a charity, or a business?
I dont know any broker that is a charity, but I know alot of bucketshops claiming to be
I hope this helps.
Regards
Takisd
Go markets is an stp broker. MBT is a true ecn.
"Dont trust anybody Dont trust Forex Broker"
