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MAREX Currenex average slippage

  • #21
  • Oct 15, 2010 3:14am Oct 15, 2010 3:14am
Thanks everyone for respones

I have chosen Marex Black

1.3 pips on average for 50M on eur/usd

fee is 15$ on million dollars traded

leverage 1:50
  • #22
  • Oct 15, 2010 3:43am Oct 15, 2010 3:43am
Quoting forexshark
Thanks everyone for respones

I have chosen Marex Black

1.3 pips on average for 50M on eur/usd

fee is 15$ on million dollars traded

leverage 1:50
Keep us updated with your experience. I suppose not an automated strategy that you are executing, or ?
________________________________ Errare humanum est
  • #23
  • Oct 15, 2010 6:02am Oct 15, 2010 6:02am
You should check London Capital Group, eurusd spreads on CNX 0.6-0.7 average. Adding commission you are paying around 1.1 . With 5M will have some slipagge but you won't pay more than 1.3 1.4.

I also saw a demo of BARX ( Barclays ) 0.9 eurusd spread, you don't pay commission, but I don't know the execution quality and slipagges with 5M.

Regards
  • #24
  • Oct 16, 2010 7:11am Oct 16, 2010 7:11am
Quoting livefxcalls
You should check London Capital Group, eurusd spreads on CNX 0.6-0.7 average. Adding commission you are paying around 1.1 . With 5M will have some slipagge but you won't pay more than 1.3 1.4.

I also saw a demo of BARX ( Barclays ) 0.9 eurusd spread, you don't pay commission, but I don't know the execution quality and slipagges with 5M.

Regards

Checking. Thanks
________________________________ Errare humanum est
  • #25
  • Oct 17, 2010 11:30am Oct 17, 2010 11:30am
Quoting forexshark
Thanks everyone for respones

I have chosen Marex Black

1.3 pips on average for 50M on eur/usd

fee is 15$ on million dollars traded

leverage 1:50

sounds cool . fees very competitive. leverage is good too. let us know how it goes, the account opening, platform stability and all other stuff regarding this firm.
Thanks.
  • #26
  • Oct 20, 2010 10:56am Oct 20, 2010 10:56am
Just to add to the list of questions about Marex... I have been playing with thei FX Black demo. It appears to be a straightforward, no bells and whistles, no nonsense platform.

For those already trading live, is there any way to enable automatic stop loss to new orders? I understand there is a stop loss type order that I suppose can be placed before placing the actual market order, but this would be a nuisance (of course necessary one).

I am also having hard time understanding commissions structure? Spread (liquidity) is pretty good, but I cannot find any information on actual fees per million traded. Any information on this?

Thank you in advance for your feedback.
  • #27
  • Oct 20, 2010 4:20pm Oct 20, 2010 4:20pm
Quoting petr1029
Just to add to the list of questions about Marex... I have been playing with thei FX Black demo. It appears to be a straightforward, no bells and whistles, no nonsense platform.

For those already trading live, is there any way to enable automatic stop loss to new orders? I understand there is a stop loss type order that I suppose can be placed before placing the actual market order, but this would be a nuisance (of course necessary one).

I am also having hard time understanding commissions structure? Spread (liquidity) is pretty good, but I cannot...

Are you on the feed with the best liquidity ? (someone above said they have 2 feeds_)

Can you post a screenshot and the time when it was taken ?

$15/million was quoted above.
  • #28
  • Oct 20, 2010 8:12pm Oct 20, 2010 8:12pm
I attached a demo screenshot.
I am not aware of two different feeds, but granted I know very little about Marex at this stage. I trust you did not mean FX Black vs. Marex Currenex platform?

$15/mio is competitive indeed.

I need to better understand placing and using of SL orders. As someone who scalps most of the time, not having instant, tight SL would be a red flag for my style. Comments are welcome.

Other than that I do like the platform, probably because I trade price action and my decision making is done from reading tape and graph patterns.
Attached Image (click to enlarge)
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  • #29
  • Oct 21, 2010 4:58am Oct 21, 2010 4:58am
Quoting petr1029
I attached a demo screenshot.
I am not aware of two different feeds, but granted I know very little about Marex at this stage. I trust you did not mean FX Black vs. Marex Currenex platform?

$15/mio is competitive indeed.

I need to better understand placing and using of SL orders. As someone who scalps most of the time, not having instant, tight SL would be a red flag for my style. Comments are welcome.

Other than that I do like the platform, probably because I trade price action and my decision making is done from reading tape and graph patterns....

What's the minimum deal size ?

You gotta ask them about the other feed on Marex black.
  • #30
  • Oct 21, 2010 8:43am Oct 21, 2010 8:43am
Not sure about minimum size, I already stopped demoing the platform. I would think 1 lot? Really, for anything less than say 3-5 lots I would not bother with ECN brokers. And you need 100k to open the account with them anyway, so presumably you would not be playing with small sizes.

It looks good, but I got confirmation that no automatic SL can be applied to market orders, which really does not go hand in hand with my trading style.

For someone who uses limits and his/her style allows for carefully planned SL orders, I would certainly recommend Marex for closer examination.
  • #31
  • Oct 22, 2010 5:39am Oct 22, 2010 5:39am
Quoting Cocoflanel
What's the minimum deal size ?

You gotta ask them about the other feed on Marex black.

minimum size is 40k of base currency

on real account they can add or remove liquidity providers, so spread on the platform can vary
  • #32
  • Oct 22, 2010 5:48am Oct 22, 2010 5:48am
Quoting petr1029
Just to add to the list of questions about Marex... I have been playing with thei FX Black demo. It appears to be a straightforward, no bells and whistles, no nonsense platform.

For those already trading live, is there any way to enable automatic stop loss to new orders? I understand there is a stop loss type order that I suppose can be placed before placing the actual market order, but this would be a nuisance (of course necessary one).

I am also having hard time understanding commissions structure? Spread (liquidity) is pretty good, but I cannot...

You can only place ST orders if you are buying below market, or selling above market, but you can't place SL if you want to buy through stop order, and that is major disadvantage.


Commissions can vary, I have 15$ per million usd traded.
If you are big enough I think you could arrange lower fees.
  • #33
  • Oct 22, 2010 7:16am Oct 22, 2010 7:16am
Quoting petr1029
Not sure about minimum size, I already stopped demoing the platform. I would think 1 lot? Really, for anything less than say 3-5 lots I would not bother with ECN brokers. And you need 100k to open the account with them anyway, so presumably you would not be playing with small sizes.

It looks good, but I got confirmation that no automatic SL can be applied to market orders, which really does not go hand in hand with my trading style.

For someone who uses limits and his/her style allows for carefully planned SL orders, I would certainly recommend...
On my demo I could open Positions as small as 1 Dollar.
If you type in 10 in the order menue this means 10 units not 10 million like in other platforms if you want 340.000 type 340k if you want 60 million type 60M.
  • #34
  • Oct 24, 2010 2:18pm Oct 24, 2010 2:18pm
Quoting TJPLD
On my demo I could open Positions as small as 1 Dollar.
If you type in 10 in the order menue this means 10 units not 10 million like in other platforms if you want 340.000 type 340k if you want 60 million type 60M.

don't know for demo, but for real account 40k is minimum.
  • #35
  • Oct 24, 2010 6:04pm Oct 24, 2010 6:04pm
Quoting forexshark
don't know for demo, but for real account 40k is minimum.
What platform are you on? I was testing MAREX Black.
  • #36
  • Edited 1:59am Oct 25, 2010 1:39am | Edited 1:59am
Quoting TJPLD
What platform are you on? I was testing MAREX Black.

I'm on marex black, but if you wont to be sure, send them an email on [email protected]
  • #37
  • Nov 30, 2010 11:42am Nov 30, 2010 11:42am
So forexshark, how has your experience with Marex Black been since? Still satisfied?
It's not about how much you make, it's about how much you don't lose.
  • #38
  • Sep 23, 2012 3:03pm Sep 23, 2012 3:03pm
some banks offer ecn's like pro trade and viking with reasonable pricing e.g. $8 per millon on around $500 mln per month
  • #39
  • Sep 24, 2012 7:21am Sep 24, 2012 7:21am
Quoting adilfx
some banks offer ecn's like pro trade and viking with reasonable pricing e.g. $8 per millon on around $500 mln per month
Hi adilfx,

could you name a few?

thanks
  • #40
  • Last Post: Sep 24, 2012 7:30am Sep 24, 2012 7:30am
if you wanna trade 100+ Million Per Trade then you might wanna go with a broker or IB that uses Fxall Platform, http://vcapfx.com/forex-portals/fxall/
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