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Attachments: FXCM Discussion
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FXCM Discussion

Quoting Jason Rogers
Technical Truth or Technical Lie? I'm afraid your statement doesn't make sense.

I think it was pretty clear from previous post as to what happens, but to reiterate again.

Currently, all micro accounts are executed via the dealing desk. So any order submitted is managed by the dealing. That will change once NDD is applied to micro accounts. All forex transactions at that point, micro and up, will be executed using NDD.
So if I have a "mega" account and trade "micro" my orders are redirected to Deutsche Bank just like that !!

I have my buddy there at the phone and he is LOL

Dont try to fool the platypus my friend
Quoting Platypus
So if I have a "mega" account and trade "micro" my orders are redirected to Deutsche Bank just like that !!

I have my buddy there at the phone and he is LOL

Dont try to fool the platypus my friend
You must not have the right friends.
Quoting Jason Rogers
You must not have the right friends.
ohhhh...boy.....!!!

You really need your job .....
Quoting wwwin
So if a newbie with a $25 micro sends an order for 1,000 euros after March 21 that goes straight thru to the liquidity provider? LOL
Hi wwwin,

As we discussed multiple times before, all micro accounts will be switching to No Dealing Desk execution. Here's the link: http://www.forexmicrolot.com/ltd-spreads.jsp

-Jason
If I go to a big bank waving a 10K order even my friends will tell me to take a hike
Quoting Platypus
ohhhh...boy.....!!!

You really need your job .....
they are not sending 1000 orders to any real liquidity provider...and now it makes sense why they refuse to say who the liquidity providers are...they could just incorporate a separate firm also owned by them to be the market maker...but is not real liquidity...and TECHNICALLY they would be just passing the STP order to a market maker controlled by them. So yes, the term technical truth and real lie makes sense. Of course, they will never tell you who they pass the order to...they are going to tell you that they have confidentiality agreement with their liquidity providers...LOL.
Quoting Platypus
If I go to a big bank waving a 10K order even my friends will tell me to take a hike
If you do probably so.

But if you go through FXCM, you will be able to. Spreads, liquidity, and what lots are accepted can be negotiated on a one to one basis with each bank. As one of the largest forex brokers in the world, the amount of liquidity we bring to the banks allow us to negotiate this.
Quoting Platypus
If I go to a big bank waving a 10K order even my friends will tell me to take a hike
Time for someone to take a hike.

http://www.dbfx.com/forex-trading/why-dbfx

I can hear it now DB is is not a big bank.
Quoting Jason Rogers
If you do probably so.

But if you go through FXCM, you will be able to. Spreads, liquidity, and what lots are accepted can be negotiated on a one to one basis with each bank. As one of the largest forex brokers in the world, the amount of liquidity we bring to the banks allow us to negotiate this.
So just give me a short answer..........

20M account 50$ order 10:1 leverage .

Will my order go to the big boys or will stay on the bucket.

I'm not talking about a pool of orders, talking here about....MY....order.
Quoting endroute
Time for someone to take a hike.

http://www.dbfx.com/forex-trading/why-dbfx

I can hear it now DB is is not a big bank.
That's a retail platform and we are talking interbank liquidity providers, and even that retail platform is limited to 10K or higher, not 1000 micros orders
Quoting wwwin
That's a retail platform and we are talking interbank liquidity providers, and even that retail platform is limited to 10K or higher, not 1000 micros orders
see what happens when you jump to the end of the thread
Quoting Platypus
So just give me a short answer..........

20M account 50$ order 10:1 leverage .

Will my order go to the big boys or will stay on the bucket.

I'm not talking about a pool of orders, talking here about....MY....order.

I can picture Jason at the phone with his boss.....

What do I tell this guy .....
Quoting Platypus
I can picture Jason at the phone with his boss.....

What do I tell this guy .....
yeah, but you gave them an escape...the order has to be at least $100 for the micro 1000 lot under 10 to 1...why dont you send in the $100 order for 1000 lot instead?
Quoting Platypus
I can picture Jason at the phone with his boss.....

What do I tell this guy .....
I don't wanna be a jerk, but this was funny
Quoting wwwin
yeah, but you gave them an escape...the order has to be at least $100 for the micro 1000 lot under 10 to 1...why dont you send in the $100 order for 1000 instead?
that was just a example the amount does not matter as long as it is small.

Just made a bet with my friend about his answer....10K
Looks like his boss does not know the answer either...
Anyways....I have more important things to do...let him try to find a spin and when he posts it lets comment.

I get really pissed when this people try to poll a quick one on the naives out there.

I hate bucket shops.

See you guys later....dont loose money
Quoting Platypus
Anyways....I have more important things to do...let him try to find a spin and when he posts it lets comment.

I get really pissed when this people try to poll a quick one on the naives out there.

I hate bucket shops.

See you guys later....dont loose money
I feel you mate,

Jason is a master of waffling shit in tech jargon while steering away form the argument.... its annoying and frustrating.

I have noticed it's the best tool to get the argument to stop. well in numbers he can't....

it's great people see that FXCM is marketing hype....FXCM ND STP is BULLSHIT......
Hey Platypus, if they are audited by the NFA regularly how can they in a public forum state the STP/NDD stuff and then do something else if that is what they are doing? Do you know if these audits look into the order flow, how it is handled?, and where does it go? And are we entitled to these audits? Here the results of one was posted by the NFA
http://www.nfa.futures.org/BasicNet/...spx?seqnum=432
Can they keep from the NFA as confidential who these liquidity providers are? If they can keep confidential who the liquidity providers are, then is easy to technically be strictly NDD but the orders could be going to a related company set up just for market making purposes, which only seeks liquidity when needed.
Quoting Jason Rogers
Hi Platypus,

In case you didn't get a chance to read my post from last week or need to re-read,

Is FXCM the counterparty to my trade?

In retail trading, the broker will be the counterparty to your trade whether using NDD or dealing desk execution. The reason for this is because you don’t have credit lines setup with the banks. If something goes wrong or there’s a problem to settle, the bank will come to FXCM rather than knocking on your door.

-Jason

So....since Mr Jason stated and admitted that NDD, dealing desk or whatever be......... FXCM will be your counter party, the MM or bucket shop model is confirmed.

They will probably change their relationship with the banks technically from serial to parallel ( gimmick ) using the retailer as point of reference, but all stays the same. Big chunk of losers will feed the few and scarce winners. If things overflow they hedge on their liquidity pals and as they say " let your profits run, cut your losses" cause they are ours anyways.

Lets go to Vegas folks, very convenient place for FXCM to host a party
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