Currenex platform of LCG , any good? | Forex Factory

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Currenex platform of LCG , any good?

  • #1
  • First Post: Edited 12:09pm Mar 25, 2010 11:41am | Edited 12:09pm
Anybody trading on that platform ?

I read on this forum , they only charge $30/million RT ?

How are the spreads and liquidity ?
  • #2
  • Mar 26, 2010 8:15am Mar 26, 2010 8:15am
Spreads are the lowest I have seen, liquidity is good as well, I have not experienced any problems with them.
  • #3
  • Mar 26, 2010 2:56pm Mar 26, 2010 2:56pm
LCG is the best Currenex broker in the whole forex retail market.

Best spreads,liquidity and the lowest commissions.

Scalpers would be very satisfied here.
  • #4
  • Mar 27, 2010 3:08am Mar 27, 2010 3:08am
What's up with their share price? I just visited their web site and they show a chart of the company's downwards sloping share price, in the opposite direction to the S&P 500. Are they losing money?
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  • #5
  • Mar 28, 2010 3:06am Mar 28, 2010 3:06am
http://forexmagnates.com/london-capi...ofit-falls-46/
  • #6
  • Mar 28, 2010 7:48pm Mar 28, 2010 7:48pm
Quoting Trader KGB
http://forexmagnates.com/london-capi...ofit-falls-46/
profit do fall but not losing money and “with no external debt” are most important !! Funds safety only depend on the segregation account . If LCG provide segregation account, it will be my first choice to go with. after all being a public limited company, LCG is more regulated and transparency comparing with other brokers like oanda 、MB、FXDD etc. which also not providing with segregation acc.
  • #7
  • Apr 27, 2010 6:53am Apr 27, 2010 6:53am
Any one uses LCG for automatized trading ?

My question would be:
1. is there a way to receive historical price data (Candlesticks).
2. Anyone uses FIX api to trade with them?
__Thanks__ MJ
  • #8
  • May 5, 2010 4:02pm May 5, 2010 4:02pm
Does LCG's Currenex have problems with API traders? I've called around a few Currenex brokers and have been told it depends on how aggressive my strategy is..
  • #9
  • May 5, 2010 5:53pm May 5, 2010 5:53pm
Quoting Europipster
Does LCG's Currenex have problems with API traders? I've called around a few Currenex brokers and have been told it depends on how aggressive my strategy is..
hi Europipster,

Would you be so kind and could you be a bit more specific:


What did you hear exactly?
__Thanks__ MJ
  • #10
  • May 5, 2010 5:55pm May 5, 2010 5:55pm
Quote
read on this forum , they only charge $30/million RT ?
$30 for a million round trip is expensive!
  • #11
  • May 6, 2010 12:33pm May 6, 2010 12:33pm
Quoting M_j
hi Europipster,

Would you be so kind and could you be a bit more specific:


What did you hear exactly?

Sure- I've heard that some Currenex brokers don't want automated scalping systems on their platforms. I'm working with a developer on such a strategy now and I'm curious who will accept scalping strategies.
  • #12
  • May 6, 2010 12:59pm May 6, 2010 12:59pm
Quoting M_j
hi Europipster,

Would you be so kind and could you be a bit more specific:


What did you hear exactly?
It means that if you send them "toxic flow" you will be shown the door. If you don't know what I'm talking about it probably will not be an issue to you.
  • #13
  • May 6, 2010 2:49pm May 6, 2010 2:49pm
Europipster, BlackMage,


What I don't understand: if a broker is not taking the opposite side of a trade - why should they bother which system one trades?
__Thanks__ MJ
  • #14
  • May 6, 2010 3:01pm May 6, 2010 3:01pm
The broker probably doesnt care, but if a bank or multiple banks complain about a client, he might still be thrown out. A good relationship to the banks who provide liquidity is important to broker and essential for being competitive, after all.

What exactly constitutes "toxic flow", i have no idea.
  • #15
  • May 8, 2010 12:52pm May 8, 2010 12:52pm
"Toxic flow" = flow that banks consistently looses on.
  • #16
  • May 8, 2010 8:02pm May 8, 2010 8:02pm
Quoting >Apocalypto<
$30 for a million round trip is expensive!
Unless you're trading several yards each month, I don't know how you'd be getting the rates which would make you consider $30/M r/t "expensive". Please enlighten us to what deal you're referring to. I consider IB's $40 r/t "cheap" compared to some venues (especially MBT's former $100 r/t rate).

Brokers offering less usually come with a few caveats in my experience (namely wider spreads).
  • #17
  • May 9, 2010 12:10am May 9, 2010 12:10am
Hi Trader KGB,

Two questions for you.

1) How does Dukascopy's $36 RT ($18 one way, 50 k deposit) compare to this? Is Dukascopy even worth mentioning in the same breath as LCG, if not, why? (Reason Im asking, is I am close to opening a real acct with them).

2) What is the fundamental difference between the currenex feed and the ecn feed at dukas? Do i really need to be worrying about these differences if I am just trading daily charts, and not buying more than a regular lot or two?

Thanks for taking the time, if you get to this.
  • #18
  • May 10, 2010 1:07pm May 10, 2010 1:07pm
Quoting Vik22
1) How does Dukascopy's $36 RT ($18 one way, 50 k deposit) compare to this? Is Dukascopy even worth mentioning in the same breath as LCG, if not, why? (Reason Im asking, is I am close to opening a real acct with them).
I'm really not at liberty to offer an opinion, at least with regards to trading/execution matters, because it's now been quite some time since I last traded on either a Currenex portal or Dukascopy.

Quote
2) What is the fundamental difference between the currenex feed and the ecn feed at dukas? Do i really need to be worrying about these differences if I am just trading daily charts, and not buying more than a regular lot or two?
For trading the dailies, there's little reason to get hung up over slight commission differences.

Given what I know about both brokers, I'd probably opt for LCG, at least until Duka gets their bank license/FINMA registration.
  • #19
  • May 31, 2010 5:32am May 31, 2010 5:32am
Quoting Europipster
Does LCG's Currenex have problems with API traders? I've called around a few Currenex brokers and have been told it depends on how aggressive my strategy is..
No, they dont have problems with it...
  • #20
  • Jan 23, 2013 12:23pm Jan 23, 2013 12:23pm
seems things changed during these years.
I called them and they reply that for individual account, they will not anymore accept to trading with ECN, only fixed spread.
2 pips for E/U
only people in AUS could trade with ECN.
The candle pattern is the signal, the inevitability behind it is the key.
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