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Scalping with ECN brokers

  • #21
  • Oct 4, 2009 3:06pm Oct 4, 2009 3:06pm
Quoting hanzahar
how do you determine about price manipulation on dukas?

what's weird with dukas is,it is the only ECN broker [what they claim] that you can buy and sell at the same time...or the noobs call it hedge...
Last time i compared hotspot,currenex and Duka it was very easy to see.

For example:

if currenex and hotspot were showing EUR/USD 1,40002-1,40007 on Duka was 1,4000-1,4001

When quotes are moving in 0,1 pips Duka doesn't adapt it.They only adjust the prices in 0,5pip steps.

That is pure manipulation.
  • #22
  • Feb 9, 2010 4:45pm Feb 9, 2010 4:45pm
Quoting XXTrader
You want a true ECN platform. You dont want any MT4 platform that is going through any type of dealing desk or using any kind of boston technolgies software. I have fell in love the the Currenex ECN for purely scalping (maybe my account size in the past month makes me a little biased).

the only this is it does not come with charts. I use FXCM MT4 for the charting as it seems to be just about on point.

Here is a video of the platform: http://www.youtube.com/watch?v=ImHoCn713LY
Hello,

I am using different demo accounts for over a year and it goes very good so far over 90% of hits within one year period is good result for me. So now I am looking for really good platform I could open live acc. on. I hear Currenex is one of the best on market. Can you please tell me something specific about that platform. Is there some limits or something that you would complain about. Just to say scalping is my only technic. and as I understand a lot of people have that problem. Do you have live acc. and how about withdrawing money? is there any problems? Fees? depositing or anything.. Thank you in forward on any info! Regards!
  • #23
  • Feb 10, 2010 9:43am Feb 10, 2010 9:43am
Quoting Fulltime247
If you're scalping and don't need MT4 - FXDD Currenex PowerTrader is what you need. MBTradings high commision + negative swap will KILL your profits. http://www.fxdd.com/en/forex-trading...er-trader.html
Further this post, I have visited the FXDD website, and I have found the following :
Quote
Complete Security of Margined Funds

Being associated with a firm like FXDD, one that was founded by a global brokerage operation, gives our customers peace of mind. Client funds are not treated as segregated funds, are not insured and do not receive priority in the event of bankruptcy.
I think I have not really understood or they are so secured that there are no needs of segregated client funds, insurances and priority in the event of bankruptcy ?

Could someone lighten this to me

Thanks
  • #24
  • Feb 11, 2010 5:09pm Feb 11, 2010 5:09pm
Quoting tomlee
Further this post, I have visited the FXDD website, and I have found the following :
I think I have not really understood or they are so secured that there are no needs of segregated client funds, insurances and priority in the event of bankruptcy ?

Could someone lighten this to me

Thanks
The "in the event of bankruptcy" part is the way it is with all forex brokers; it's all in the account opening paperwork usually. With regulated stuff like stocks and futures it's different, but in forex the company employees and other creditors are ahead of clients in terms of recovering funds. It's only a concern though if the broker goes bust; unlikely but still possible...
  • #25
  • Feb 15, 2010 12:26am Feb 15, 2010 12:26am
Quoting 1926411
The spreads on ECN usually are higher than MM.
The spreads on ECN usually lower than MM dude in most of the times. And another important hing is that ECN is not against you like MM. Did you ever try to trade with profitable account in ECN and MM?
  • #26
  • Feb 15, 2010 5:20pm Feb 15, 2010 5:20pm
Quoting GTR Power
The spreads on ECN usually lower than MM dude in most of the times. And another important hing is that ECN is not against you like MM. Did you ever try to trade with profitable account in ECN and MM?
not all the time.

at certain times a MM (fixed spread) can have better spreads then an ECN.
  • #27
  • Feb 15, 2010 10:17pm Feb 15, 2010 10:17pm
Quoting >Apocalypto<
not all the time.

at certain times a MM (fixed spread) can have better spreads then an ECN.
Yes I agree with you. During the news time MM spreads are fixed but you will not be able to enter the market
  • #28
  • Feb 17, 2010 9:30am Feb 17, 2010 9:30am
you have to take care. many brokers allow scalping. but if you do so they make your spread bigger for example.
  • #29
  • Feb 17, 2010 12:05pm Feb 17, 2010 12:05pm
Quoting fxtrader15
i've been trading the news there for 2 months and havent had a single order rejected, slipped, or partially filled even during the news. the dont have a deal desk and all trades are offset with the banks directly not other liquidity providers or ECNs (which are a joke). ECNS are nothing more than a marketing ploy. Why would you let other traders dicdate available liquidity when you could trade with the banks.
Are you saying that you have never had an order slipped or rejected while trading the SPIKE during news? Or are you talking about entering a position on the "afterspike" at newstime?

And do you use market or limit orders?
  • #30
  • Feb 18, 2010 2:12am Feb 18, 2010 2:12am
I don't understand why no-one here has mentioned FXOPEN.

They use MT4, AND they are an ECN, making them a viable broker for scalping. Talk about super fast execution as well.
  • #31
  • Feb 18, 2010 2:40am Feb 18, 2010 2:40am
Quoting LEXngton
Are you saying that you have never had an order slipped or rejected while trading the SPIKE during news? Or are you talking about entering a position on the "afterspike" at newstime?

And do you use market or limit orders?
the guy forgot to mention that he most probably losing so he get "ideal" conditions
  • #32
  • Feb 18, 2010 2:42am Feb 18, 2010 2:42am
Quoting witsnpips
I don't understand why no-one here has mentioned FXOPEN.

They use MT4, AND they are an ECN, making them a viable broker for scalping. Talk about super fast execution as well.
I am scalping like a crazy devil with them and it is fine, really fast it is true.
  • #33
  • Last Post: Feb 18, 2010 8:00am Feb 18, 2010 8:00am
Quoting GTR Power
I am scalping like a crazy devil with them and it is fine, really fast it is true.
Good stuff! I'm also pleasantly surprised with fxopen.
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