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  • #41
  • Feb 8, 2011 6:44pm Feb 8, 2011 6:44pm
Looks like spreads have gone variable for this pair. I didn't see an announcement on their site or receive an email. Last week it was fixed at 100. I noticed late today it's hovering between 60 and 70.
  • #42
  • Feb 14, 2011 3:43am Feb 14, 2011 3:43am
They still looks great on fxintel.com. Anyone has a live experience with them, both on the execution and the funding/withdrawing side?

Thanks,

pbb
  • #43
  • Feb 15, 2011 6:29pm Feb 15, 2011 6:29pm
I am interested in this broker also. If anybody that has been trading with them live for awhile has any updates that would be appreciated.
  • #44
  • Feb 16, 2011 5:57am Feb 16, 2011 5:57am
Quoting dirtytough
I am interested in this broker also. If anybody that has been trading with them live for awhile has any updates that would be appreciated.
I can share with you my demo experience.
I have monitored with a praticular tool their spread and I can tell you that you can be sure it is still thin even during big news releases!
Also very fast order execution and very good customer support
  • #45
  • Feb 18, 2011 7:25am Feb 18, 2011 7:25am
There's a fairly active thread in the broker section on donnaforex.com.
  • #46
  • Feb 19, 2011 10:44pm Feb 19, 2011 10:44pm
Does anyone have the Normal account if so what is the spread like on Eur/Usd.

Thanks , Josh
  • #47
  • Feb 21, 2011 5:07pm Feb 21, 2011 5:07pm
Very quick support...but when I asked are there published swap rates anywhere they said that this info is not public!
I really don't like when there is something hidden from a broker
  • #48
  • Feb 21, 2011 9:39pm Feb 21, 2011 9:39pm
Quoting realdrago
Very quick support...but when I asked are there published swap rates anywhere they said that this info is not public!
I really don't like when there is something hidden from a broker
That's unbelievable.. "swap rates not public", what a dog & pony show this broker is.. Do not walk, run!
  • #49
  • Feb 22, 2011 5:15pm Feb 22, 2011 5:15pm
Quoting Trader KGB
That's unbelievable.. "swap rates not public", what a dog & pony show this broker is.. Do not walk, run!
The info may not be published on the web, but is indeed public.
Just open a demo account and see the swap rates by dragging the attached script on a chart of every pair.
They are the same of real ecn accounts.
Attached File(s)
File Type: mq4 MarketInfo.mq4   2 KB | 566 downloads
  • #50
  • Feb 22, 2011 5:16pm Feb 22, 2011 5:16pm
Quoting realdrago
Very quick support...but when I asked are there published swap rates anywhere they said that this info is not public!
I really don't like when there is something hidden from a broker
Actually, you can view the swap rates by right-clicking on the specific currency pair on the Market Watch window and selecting Symbols.

For E/U long, it's .02; for short, it's -3.964.
Amor Fati--F. Nietzsche
  • #51
  • Edited 2:47am Feb 23, 2011 2:35am | Edited 2:47am
are their swap rates expressed in pips ?

my current broker for EURUSD =

Long = 0.01 pips
Short = -0.05 pips


AUDJPY :

my broker :
Long = 0.47 pips
Short = -1.55 pips

Finfx :
Long = 0.5209
Short = -7.209
  • #52
  • Feb 23, 2011 3:05am Feb 23, 2011 3:05am
EDIT :
after a live chat
swaps are in base currency
  • #53
  • Feb 23, 2011 4:52pm Feb 23, 2011 4:52pm
FinFx is better suited for intraday traders, who need fast execution and tight spreads.
For longer term traders it is not that good, e.g. there are only about 20 pairs.
  • #54
  • Feb 25, 2011 10:21am Feb 25, 2011 10:21am
Hi guys,

I want to share my basically positive experience with FinFx.fi using a live account. My basic concern with them had been to test whether they were a true ECN or if I caught them playing against me and I must say that I feel confident my stops aren't going to be run etc.

Their costs including $7.00 commission round turn are quite low when coupled with the tight spread of about .8 pip on the average. Today I saw spreads of .2 pips at quiet times but that's not to be expected. They are, quite consistently around .7 to .8 pips, though. So, for a full lot round turn the cost is about $23.00 (16+7) and that beats IBFX 2.2 pips each way which amounts to $44.00, for instance.

The ECN is also reliable except for a scare we had last week when their servers were down, but I think this can happen to anybody. I read good things about Integral and I've been happy with their speed.

That's it from me. I read that many were lamenting the lack of a real money user and I thought I'd let you know.

Ciao
  • #55
  • Feb 26, 2011 2:09am Feb 26, 2011 2:09am
Guys, why FinFX if there's OANDA with MetaTrader and good spreads now?
  • #56
  • Feb 26, 2011 2:34am Feb 26, 2011 2:34am
Quoting Radartradar
Hi guys,

I want to share my basically positive experience with FinFx.fi using a live account. My basic concern with them had been to test whether they were a true ECN or if I caught them playing against me and I must say that I feel confident my stops aren't going to be run etc.

Their costs including $7.00 commission round turn are quite low when coupled with the tight spread of about .8 pip on the average. Today I saw spreads of .2 pips at quiet times but that's not to be expected. They are, quite consistently around .7 to .8 pips, though....
Appreciate the feedback my friend! If you make any withdrawals we would like to hear about your experience.
  • #57
  • Feb 26, 2011 12:41pm Feb 26, 2011 12:41pm
Quoting Radartradar
Hi guys,

I want to share my basically positive experience with FinFx.fi using a live account. My basic concern with them had been to test whether they were a true ECN or if I caught them playing against me and I must say that I feel confident my stops aren't going to be run etc.

Their costs including $7.00 commission round turn are quite low when coupled with the tight spread of about .8 pip on the average. Today I saw spreads of .2 pips at quiet times but that's not to be expected. They are, quite consistently around .7 to .8 pips, though....
Thanks for the feedback. One thing I'm not understanding is why you are doubling the spread? If the spread is .8 pips, and you open a trade and close it instantly. You will have a trade that is negative .8 pips plus whatever commission is if your broker charges commission. So if that trade was made with finfx then you would have a net loss of 1.5 pips.
  • #58
  • Feb 27, 2011 5:46pm Feb 27, 2011 5:46pm
Quote
One thing I'm not understanding is why you are doubling the spread? If the spread is .8 pips, and you open a trade and close it instantly. You will have a trade that is negative .8 pips plus whatever commission is if your broker charges commission. So if that trade was made with finfx then you would have a net loss of 1.5 pips.

I think you may be right about this. Thanks for pointing it out.

As per Oanda, they come close, but they have limitations in that they are a US broker. FinFx has the additional advantage of allowing hedging, for instance.
While I haven't used it, it might be important for EA's and other situations not to be limited by hedging rules.

For me main issue is the true ECN peace of mind. ;-)
  • #59
  • Feb 27, 2011 5:49pm Feb 27, 2011 5:49pm
Quoting realdrago
I can share with you my demo experience.
I have monitored with a praticular tool their spread and I can tell you that you can be sure it is still thin even during big news releases!
Also very fast order execution and very good customer support
Customer support is indeed excellent, albeit with an accent...
  • #60
  • Edited 6:43pm Feb 27, 2011 6:16pm | Edited 6:43pm
Radartradar, have you tried to withdraw funds yet?
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