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FxPro xTrader ECN

  • #1
  • First Post: Mar 23, 2011 4:43am Mar 23, 2011 4:43am
Surprisingly FxPro has launched an ECN solution yesterday, called xTrader, can be found here https://www.fxpro.com/downloads/platforms/ecn

Also, just found there really interesting stuff on their site:

FxPro brings together Morgan Stanley International as its primary broker; Credit Suisse, Nomura, Commerzbank, BNP Paribas as its liquidity providers; and Currenex and xTrader as its software service partners to provide traders with access to an ECN with deep liquidity on more than 20 currency pairs.

I have NOT tried the real environment of the xTrader, even thou i am live client of theirs. I really hope its as good as it looks from 'outside'
  • #2
  • Mar 23, 2011 5:14am Mar 23, 2011 5:14am
I've done some reading on their website. So the leverage 1:1-1:100, spreads about 0.5-0.8 now on E/U, Min trade size 40k, min deposit 1k and they charge 30$ for 1 mil traded. Anyone opened a real on ECN with them yet?
  • #3
  • Mar 23, 2011 7:22am Mar 23, 2011 7:22am
Quoting Rader
I've done some reading on their website. So the leverage 1:1-1:100, spreads about 0.5-0.8 now on E/U, Min trade size 40k, min deposit 1k and they charge 30$ for 1 mil traded. Anyone opened a real on ECN with them yet?
$ 30 I would say that is too much. Alpari has charged $ 6.

Waiting for new about ProFx ECN.
  • #4
  • Mar 23, 2011 8:30am Mar 23, 2011 8:30am
30$ p/m per round is competitive even compared with Duka and MBT. Alpari with MT ecn is on 30 as well(not sure where 6 came from). Bear in mind Alpari with ECN MT4 has 300k min tradable size per ticket wheres FxPro xTrader is 40k. anyways its more about the platforms now
  • #5
  • Mar 23, 2011 8:39am Mar 23, 2011 8:39am
John i think you have gotten something wrong. If 30$ is for 1 mil then for 100 k it would be 3$. And it is a very good price imo. I'm observing the Demo and the spreads barely touched more than 1 pip. So for now, it look pretty good.
  • #6
  • Mar 24, 2011 7:28am Mar 24, 2011 7:28am
I'm thinking of opening an ECN acc with fxpro. I've been trading demo since yesterday, and up until now, everything seems fine. I like the platform. It lacks some functionality, but it has everything i need to trade. I've noticed only one weird thing - you are able to put S/L and T/P only when the order is created. Can't do it when creating. Not bad thou, minor inconvenience. The spread for eurusd didn't go more than 1 pip. It would be good to get some feedback if any of you have opened an account by now.
May the Force be with You
  • #7
  • Mar 24, 2011 10:05am Mar 24, 2011 10:05am
Quoting alex_000
I've noticed only one weird thing - you are able to put S/L and T/P only when the order is created. Can't do it when creating.
This is common because, in ECNs, it's impossible to know the execution price in advance.
  • #8
  • Mar 24, 2011 10:43am Mar 24, 2011 10:43am
Didn't know that
May the Force be with You
  • #9
  • Mar 24, 2011 11:09am Mar 24, 2011 11:09am
Quoting squaw
30$ p/m per round
per side
  • #10
  • Edited 6:05pm Mar 24, 2011 11:49am | Edited 6:05pm
Just asked them a couple of questions about the ECN account they are offering:

They do ask $30 commision for 1 Lot.

For the ones that are interested in hedging/scalping:

Hedging is not allowed, Scalping is.

Minimum ammount: $ 1000

Update: Made a huge mistake! They are not charging $30 ... but 30 EURO for one lot. That's 2 x $4.25 = $8.50
  • #11
  • Mar 24, 2011 12:08pm Mar 24, 2011 12:08pm
Quoting Liza0001
They do ask $30 commision for 1 Lot.
.
for 1 million $ per side ...
  • #12
  • Edited Mar 25, 2011 5:20am Mar 24, 2011 12:45pm | Edited Mar 25, 2011 5:20am
Yes :-) So $6 to open and close a position (100.000).

I personally like the platform (clean and simple), as well as the one click trading option. Till now the order processing is super fast.


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Update: Made a HUGE mistake! They are not charging $30 for one lot, but 30 EURO ..... that's 2 x $4,25= $8.50
  • #13
  • Mar 25, 2011 2:14am Mar 25, 2011 2:14am
Quoting Liza0001
Yes :-) So $6 to open and close a position (100.000).

I personally like the platform (clean and simple), as well as the one click trading option. Till now the order processing is super fast.


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Update: Made a HUGE mistake! They are not charging $30 for one lot, but 30 EURO ..... that's 2 x $4,25= $8.50
I don't like black color of the platform, prefer white.

Did you min 3 EURO per turn - 6 EURO per round turn - $ 8.5 ???
  • #14
  • Mar 25, 2011 2:31am Mar 25, 2011 2:31am
Let's clear up something - 1lot = 100k. So, 30$ for 10 lots.
  • #15
  • Mar 25, 2011 3:51am Mar 25, 2011 3:51am
Quoting Rader
Let's clear up something - 1lot = 100k. So, 30$ for 10 lots.
30 $ for 1 million $ per side

example : 100k GBP/USD would cost = 3 pounds in 3 pounds out = 6 pounds = 9.65$ total = nearly one pip .
  • #16
  • Mar 25, 2011 3:52am Mar 25, 2011 3:52am
Quoting JohnFX_King
Did you min 3 EURO per turn - 6 EURO per round turn - $ 8.5 ???
for 1 lot=100k , thats correct ...
  • #17
  • Mar 25, 2011 3:55am Mar 25, 2011 3:55am
How did you come up with this number? :] 3 open + 3 close + spread
  • #18
  • Mar 25, 2011 4:00am Mar 25, 2011 4:00am
Quoting Rader
How did you come up with this number? :] 3 open + 3 close + spread
forget about the spread i am talking about the commission , 30 $ for 1 million $ traded , 3 $ for 100 K $ traded
Try the demo u will c how much they will charge u ...
  • #19
  • Mar 25, 2011 4:04am Mar 25, 2011 4:04am
Just did it. Commision 6$
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  • #20
  • Mar 25, 2011 4:32am Mar 25, 2011 4:32am
Quoting Rader
Just did it. Commision 6$
For 100K Eur/USD it is 6 euros total = 8.5 $
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