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real ECN brokers

  • #1
  • First Post: Apr 18, 2010 6:11pm Apr 18, 2010 6:11pm
I want real Direct ECN access broker ,so that the platform allows me to enter a bid in between the spread ?
I know only Interactive Brokers and hotspot fx
what about Dukascopy ?
  • #2
  • Apr 18, 2010 8:26pm Apr 18, 2010 8:26pm
ATC Brokers and MB Trading allows you to place orders between the spread with MT4. I'm sure there are other non-MT4 brokers that allow it also.
  • #3
  • Apr 19, 2010 2:19am Apr 19, 2010 2:19am
You could look at Delta, they seem to offer STP execution to some major brokers Deuscthe Bank and Interactive Brokers. The spreads are incredibly low.
Also you could check out Alpari, they use currenex but if you trade low volumes you get a bit wider spreads
Both of them allows you to place orders in the spread

Regards
  • #4
  • Apr 19, 2010 3:09am Apr 19, 2010 3:09am
Quoting Aja
ATC Brokers and MB Trading allows you to place orders between the spread with MT4. I'm sure there are other non-MT4 brokers that allow it also.
thank you very much , I am afraid MB Trading does not allow traders to trade between the spread ,I do not want the broker to force me to buy from the ask and sell at the bid , I want to make my own bid and my own ask like what banks do
are you sure about ATC ?
  • #5
  • Apr 19, 2010 4:52am Apr 19, 2010 4:52am
Quoting Aja
ATC Brokers and MB Trading allows you to place orders between the spread with MT4. I'm sure there are other non-MT4 brokers that allow it also.
yeah atc brokers, good ECN broker, Im ever use this broker, but minimal deposite is $5k.
  • #6
  • Apr 19, 2010 9:07am Apr 19, 2010 9:07am
Quoting @999
thank you very much , I am afraid MB Trading does not allow traders to trade between the spread ,I do not want the broker to force me to buy from the ask and sell at the bid , I want to make my own bid and my own ask like what banks do
are you sure about ATC ?

MBtrading allows to trade between the spread..that's a FACT
  • #7
  • Apr 19, 2010 9:09am Apr 19, 2010 9:09am
Quoting Aja
ATC Brokers and MB Trading allows you to place orders between the spread with MT4. I'm sure there are other non-MT4 brokers that allow it also.

Don't need to be MT4 , are you sure about ATC regarding "between the spread" ?
  • #8
  • Apr 20, 2010 6:11am Apr 20, 2010 6:11am
actually fxopen also allow you place orders inside the spread (on their MT4 ECN).
  • #9
  • Apr 20, 2010 3:33pm Apr 20, 2010 3:33pm
Quoting Cocoflanel
are you sure about ATC regarding "between the spread" ?
I doubt it's possible with ATC given that they use an FXCM raw spread and are technically STP not ECN.
  • #10
  • Apr 21, 2010 5:25am Apr 21, 2010 5:25am
Quoting Cocoflanel
MBtrading allows to trade between the spread..that's a FACT

thank you very much
now we have :Interactive Brokers , hotspot fx , MP trading and fxopen .
what about Dukascopy ?
does Dukascopy allow traders to enter limit orders within the spread ?
  • #11
  • Apr 21, 2010 5:38am Apr 21, 2010 5:38am
Yep. ATC allows you to place orders inside the spread. I've traded with ATC. I would assume that MB lets you do it too since they're ECN.

Do you allow trading inside the spreads (from ATC website)
Yes, however, you must place the order at least one pip away from the market.
  • #12
  • Apr 21, 2010 6:55am Apr 21, 2010 6:55am
I wonder how many people actually trade between the spread when using a ECN?

With as fast as the Fx market moves at times, this ability seems nothing more than a good marketing campaign. I can understand it's usefulness if you were trading illiquid pairs on a longer term basis but for active traders on the majors, I personally don't see it as a selling point.
  • #13
  • Apr 21, 2010 12:06pm Apr 21, 2010 12:06pm
You can try FXCBS, they allow you to place orders within the spread. haven't tried it myself really. but hey!!! give it a shot!
  • #14
  • Apr 21, 2010 2:50pm Apr 21, 2010 2:50pm
Quoting Aja
Yep. ATC allows you to place orders inside the spread. I've traded with ATC. I would assume that MB lets you do it too since they're ECN.

Do you allow trading inside the spreads (from ATC website)
Yes, however, you must place the order at least one pip away from the market.
I guess the way I was looking at it is, when you place an order inside the spread, does your order become visible to the rest of the ECN participants (as the new best bid or best ask). With ATC/FXCM raw spreads, I don't believe it's possible, as it's not an ECN. With that being said, the spreads are tight enough that it's not really a significant issue.
  • #15
  • Apr 21, 2010 2:56pm Apr 21, 2010 2:56pm
Quoting quantum007
You can try FXCBS, they allow you to place orders within the spread. haven't tried it myself really. but hey!!! give it a shot!
The thread subject is "real ECN brokers", not fly-by-night, off-shore, unregulated, no executive names, sleazy deposit options, scam-city bucketshops.
  • #16
  • Apr 21, 2010 3:21pm Apr 21, 2010 3:21pm
fxopen is white label ib for dukascopy

which means fxopen has dukascopy spreads + 1 or 2

its better to trade on dukascopy

why pay extra spread

even on so called ecn
  • #17
  • Apr 21, 2010 3:29pm Apr 21, 2010 3:29pm
Quoting forexlion
fxopen is white label ib for dukascopy

which means fxopen has dukascopy spreads + 1 or 2

its better to trade on dukascopy

why pay extra spread

even on so called ecn

I believe that's incorrect. I'm almost 100% certain that FXOpen does not pad the spread, it's 1:1 with Dukascopy. That being said, the commissions are higher at FXOpen (naturally), so unless you need to trade from MT4, it would make sense to go to the source instead. Duka is working on their own MT4 as well.
  • #18
  • Apr 21, 2010 3:43pm Apr 21, 2010 3:43pm
Quoting Trader KGB
The thread subject is "real ECN brokers", not fly-by-night, off-shore, unregulated, no executive names, sleazy deposit options, scam-city bucketshops.
Its nice to have someone with an opposing opinion. Just would like to know on what basis do you have this opinion? do you have a real trading experience with FXCBS? or you just have another based opinion on another based opinion on another based opinion. because beleive me there is loads of them online and 90% of them are traders that people who dont know anything..

I think they are the same 90% that lose money in forex.

Please dont take this personal mate, I just want to discuss you opinion here
  • #19
  • Apr 21, 2010 4:13pm Apr 21, 2010 4:13pm
Quoting Trader KGB
I believe that's incorrect. I'm almost 100% certain that FXOpen does not pad the spread, it's 1:1 with Dukascopy. That being said, the commissions are higher at FXOpen (naturally), so unless you need to trade from MT4, it would make sense to go to the source instead. dukascopy is working on their own MT4 as well.
your 100% correct, but what taken dukascopy so long for there mt-4 ecn, fxopen have there's up and running with no problems?
  • #20
  • Apr 21, 2010 10:18pm Apr 21, 2010 10:18pm
Quoting quantum007
Its nice to have someone with an opposing opinion. Just would like to know on what basis do you have this opinion?
Based upon a 2-minute review of their website. Saw more red flags than I care to count...
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