Any experience with CoesFX? | Forex Factory

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Any experience with CoesFX?

  • #1
  • First Post: Dec 13, 2005 2:01pm Dec 13, 2005 2:01pm
Hi everyone, has anyone got any trading experience with CoesFx? Execution, reliability?

Thanks.
  • #2
  • Dec 22, 2005 9:50pm Dec 22, 2005 9:50pm
Quoting Yigal
Hi everyone, has anyone got any trading experience with CoesFx? Execution, reliability?

Thanks.
What is it you want to know Yigal?
  • #3
  • Dec 22, 2005 10:34pm Dec 22, 2005 10:34pm
Quoting Yigal
Hi everyone, has anyone got any trading experience with CoesFx? Execution, reliability?

Thanks.
COESfx is a unique broker, they have an ECN where they get quotes from a number of sources. they dont trade against you either. execution, excellent. reliability, excellent. give them a try, you wont be disapointed.
Relax and be happy.
  • #4
  • Apr 7, 2006 11:54pm Apr 7, 2006 11:54pm
Quoting merlin
execution, excellent. reliability, excellent. give them a try, you wont be disapointed.
Hey Merlin,

from what I understand COESfx charges a commission - is this correct?
  • #5
  • Apr 8, 2006 1:31am Apr 8, 2006 1:31am
Maybe it's possible to do some news trading with this broker since there's no dealing desk which may not promise your order and etc. Am I correct?
  • #6
  • Apr 8, 2006 4:33am Apr 8, 2006 4:33am
I have downloaded their demo and it seems that all the currencies have a set spread of 2 pips. Is this correct?
  • #7
  • May 1, 2006 12:25am May 1, 2006 12:25am
wow is it true coesfx gives 2 pip spread for all currency
  • #8
  • May 1, 2006 12:45am May 1, 2006 12:45am
Quoting jotty
wow is it true coesfx gives 2 pip spread for all currency
It is 2 pips on the demo, per the welcome email the spreads shoud be tighter in the live version. It is a different platform than I am used to and will take a little getting used to but I like it. There is no charting included with the platform so a 3rd party charting package is needed. The welcome letter outlined a chart company that will contact me with a login and passwd. I looked them up and they are pricey, but sound pretty good. Ill stick w/ MT4 charting for now.
One additional item - I had to download the latest ver of Java to make it work.
In trading, there is no bullshit. You either make money or you don't.
  • #9
  • May 1, 2006 12:46am May 1, 2006 12:46am
They go better than tight spreads. They charge no carry interest which means you can also use them as one leg in arbitrage. I was going to do that but, I disliked their platform so much decided not. There is a round turn cost of course but it is no worse than paying the spread. I think it was 20 a side but am open to correction.
Altos.
  • #10
  • May 1, 2006 12:47am May 1, 2006 12:47am
Quoting AltosTrader
They go better than tight spreads. They charge no carry interest which means you can also use them as one leg in arbitrage. I was going to do that but, I disliked their platform so much decided not. There is a round turn cost of course but it is no worse than paying the spread. I think it was 20 a side but am open to correction.
Altos.
$10 per side on demo per unit.

add: there s more info on them in the preffered brokers area here at FF
In trading, there is no bullshit. You either make money or you don't.
  • #11
  • May 10, 2006 3:29am May 10, 2006 3:29am
not sure if its worth noting:

http://www.nfa.futures.org/basicnet/...7&contrib=CFTC

cheers,

oz.
  • #12
  • May 10, 2006 9:22am May 10, 2006 9:22am
Quoting ozfingwe
not sure if its worth noting:

http://www.nfa.futures.org/basicnet/...7&contrib=CFTC

cheers,

oz.
I'm not sure what to take from this, exactly. It sounds to me that the companies involved were acting as introducing brokers for COESfx, and by proxy they were included in the injunction...this doesn't mean they are guilty of anything but having a few bad apples acting as independent introducing brokers...so of course, they are liable to return the money.

Did you get any more info on what will happen to them?
  • #13
  • May 11, 2006 12:21am May 11, 2006 12:21am
Quoting mrmikal
Did you get any more info on what will happen to them?
no, its exactly what Im making out of it - just wanted to post it and needed some sort of confirmation or to know whether I had missed something important, as their track record and reputation (at least what one can gather from web sources) seems to be pretty good.

thank you -
oz.
  • #14
  • Aug 13, 2006 9:51am Aug 13, 2006 9:51am
Bring up an old thread:


Hi,

i was wondering if anyone uses this broker during news trades (volitile times)? Do they have slippage? Widen pips? Freeze platform? Log you out during news time (like fxcm)? Or has mysterious "crashes" that is commonly going around with alot of brokers during news time?

- J
  • #15
  • Aug 13, 2006 11:47am Aug 13, 2006 11:47am
CFTC filings (http://www.cftc.gov/tm/tmfcm.htm?fro...=mktfcmcontent)

indicate their total customer deposits went from 962,851 at end of May 2006 down to 1,212 at end of June 2006.
  • #16
  • Aug 13, 2006 12:11pm Aug 13, 2006 12:11pm
Well.. i guess thats a bad sign. Nm about this brokerage
  • #17
  • Last Post: Aug 13, 2006 4:17pm Aug 13, 2006 4:17pm
Very interestng document from CFTC... Is the figure "x1000" or plan "x1"?

FXCM has a low 250,000 capitalization, OANDA 2,600,000+ and COESFX at 250,000 too?

Does that mean the low capitalized broker could go broke faster?

Hmm.. I dont seem to see NorthFinance in there? Not a CFTC registered company?
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