FinFx concerns me , they had the big spike down on Eur/Usd a couple of weeks ago. And they also have a 1 pip minimum take profit . I thought true Ecn's allowed scalping within the spread?
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DislikedFinFx concerns me , they had the big spike down on Eur/Usd a couple of weeks ago. And they also have a 1 pip minimum take profit . I thought true Ecn's allowed scalping within the spread?Ignored
DislikedFinFx concerns me , they had the big spike down on Eur/Usd a couple of weeks ago. And they also have a 1 pip minimum take profit . I thought true Ecn's allowed scalping within the spread?Ignored
DislikedFinFx does not appear to be registererd with the finnish regulator.
http://www.finanssivalvonta.fi/en/Ab...dentities.aspx
Make sure what they are doing is actually legal (by asking the finnish regulator or the ombudsman) before you send them cash - might be regretting it otherwise.Ignored
DislikedForex is not regulated in Finland, so they don't have to register. Even if they wanted, they couldn't. This is from FIN-FSA:
[i]Forex trading is a non-restricted business activity, not requiring...Ignored
DislikedI am right now choosing between CitiFX or FinFX. Can someone push me over the edge? Here are my requirements:
Accepts US customer
Hedging allowed
No FIFO restrictions
Min Lot = .1 or .01 is even better
MT4 platform
Acct may be denominated in multiple currencies (as long as I don't have to use the US dollar then I am happy) to be safe in case of US dollar crisis
Any help would be appreciated. Thanks.Ignored
DislikedCitiFx is a bucketshop deal desk broker who is using Saxobank as their liquidity provider and data feed with large spreads. It is indeed Citibank and it is under the SEC regulations with up to 250k FDIC protection, however that is it. They are just using their name to get a piece of the retail forex business and make profits using a deal desk market maker model. One would think if Citibank were to go retail forex they would use direct market access and ECN model and use their own liquidity as Deutchebank does at least.Ignored
Dislikedwhen does saxo bank offer rueters?
http://www.citifxpro.com/reuters-terminal
the citi retail side is saxo. but not the institutional side. I'm am pretty sure there is a difference in spreads and pretty much everything else.Ignored
DislikedCitiFX - deposits FDIC insured, company is highly regulated, very long firm history
FinFX - deposits not insured, company is not regulated, very short firm history
That about sum it up?
edit - if not..
CitiFX - a gigantic global bank
FinFX - 2-3 guys in Finland with an Integral-MT4 bridgeIgnored
DislikedYou're prob going to have to download the demo platform and do some test orders.Ignored
Dislikedif citifx has a better platform, I'd trade with them in a heart beatIgnored
DislikedUmm...does citi also charge ticket fees for opening and closing fx trade?Ignored
QuoteDislikedI believe they use the Virtual Dealer Plugin.