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Warning: Smart live markets

  • #1
  • First Post: Mar 18, 2011 2:16pm Mar 18, 2011 2:16pm
Just thought i'd warn people off using 'Smart Live Markets'

I've been using them for several months now to test systems. Why? Because their a spreadbetting UK company that uses MT4, has good spreads and allows bets from 10p (ideal for testing strategies).

So whats the problem? Re-quotes........dozens of them.......re-quotes on re-quotes........and if it's not re-quotes it's 'invalid price'............an example; today i enter a trade and decided to exit while still in profit, after 4 'invalid prices' and then 3 re-quote I ended up having to adjust a pre-set stop loss to exit (for -12pips). Thing is this isn't a one off. It happen's almost every time now. Yesterday I stopped trading because I had so many 'invalid price' quotes i couldn't enter or exit. To top it off i've moved my spread deviation to +5, still no use.

Anyone who wants spreadbetting with MT4 should open a free MT4 demo account to use for charting and open a Trade Fare, IG index, finspread.....i've used all with NO re-quote/invalid price problems

If you see this post on other forum's I'm not doing it out of spite (well maybe a little), i'm also not a competitor. I'm just giving my an honest account of my experiences. Smart Live Spreads is crap!
  • #2
  • Mar 25, 2011 4:31am Mar 25, 2011 4:31am
That was an interesting read and a bit disappointing really as i was looking to open an account with SLM as they are the only UK brokers to use MT4.
  • #3
  • Mar 25, 2011 5:01am Mar 25, 2011 5:01am
Hi all. I will share my experience with SLM. I've been using them since December. I run EA on live account and it works like a Swiss watch. Every single order, every day was executed since day one. So I don't know how you got this. You should talk about it with their customer support, their are great.
  • #4
  • Mar 25, 2011 5:29am Mar 25, 2011 5:29am
Quoting vaidotasbackys
Hi all. I will share my experience with SLM. I've been using them since December. I run EA on live account and it works like a Swiss watch. Every single order, every day was executed since day one. So I don't know how you got this. You should talk about it with their customer support, their are great.

Just wondering ..are you exactly working for them?
  • #5
  • Mar 25, 2011 7:59am Mar 25, 2011 7:59am
Quoting Suranga2500
Just wondering ..are you exactly working for them?
No , I do not work for them. When I saw 1st post I thought I'll share my experience which is exactly opposite. I do not want to argue with anyone.I trade and make money. Because of people like you I almost never post on public forums.Goodbye
  • #6
  • Mar 25, 2011 8:52am Mar 25, 2011 8:52am
I couldn't get my EA to work on SML (even though it works on every other broker I tried) so I gave up.
  • #7
  • Jul 16, 2011 5:27am Jul 16, 2011 5:27am
I have been trading profitably spot forex with slm for almost a year using various bots using their SB MT4 platform with no issues at all - like the previous post rarely post on forums; but like to provide a balanced view..market makers aren't my favourite but when it comes to low trading costs ( tax free, GBP currency, no commissions with low spreads) this is my current favourite..
  • #8
  • Nov 6, 2011 1:25am Nov 6, 2011 1:25am
Quoting kraven
Just thought i'd warn people off using 'Smart Live Markets'

I've been using them for several months now to test systems. Why? Because their a spreadbetting UK company that uses MT4, has good spreads and allows bets from 10p (ideal for testing strategies).

So whats the problem? Re-quotes........dozens of them.......re-quotes on re-quotes........and if it's not re-quotes it's 'invalid price'............an example; today i enter a trade and decided to exit while still in profit, after 4 'invalid prices' and then 3 re-quote I ended up having...
The reason why you are getting the 'Invalid Price' warning is because you have entered stop or take profit prices that are outside the limits.
To avoid this simply increase your stop or take profit price until the information bar turns pink or blue and your trade will be executed
  • #9
  • Nov 16, 2011 4:26am Nov 16, 2011 4:26am
I've just started demo with GKFX (was Smartlive) and I have to say so far, not one requote. Early days as only a couple of weeks, however I did mange to take the original SL demo account from 10K to 28K so this test should be interesting. Of course requotes and slippage (within reason) are and will be part of the game as its a trading market.

And before anyone makes the offnsive remark I often read here, NO I dont work or represent them. Just saying how its been.

Finding the holy grail is easy compared to finding the right borker... apparently!
  • #10
  • Nov 18, 2011 8:51pm Nov 18, 2011 8:51pm
I've also been using SmartLive/GKFX for a few months now and haven't had any problems with them. Although, if you're not happy I expect some we'll see a number of firms offering spreadbetting via mt4 in the near future. In fact, I think alpari have started to offer this too.
  • #11
  • Nov 22, 2011 2:33pm Nov 22, 2011 2:33pm
Ditto what some other posters have said... I have used SLM for close to a year and 0 problems...
Try using a drop on buy/sell/buystop/sellstop script and check if you are still getting same issue... The script will request a price at market price so if you have any lag in your internet connection/price feed to them this will sort this out... I had to use this a long while back with GoMarkets and was getting same problem with them during busy market hours (900+ms to their OZ server)
The winner of the rat race is still a rat.
  • #12
  • Nov 22, 2011 4:13pm Nov 22, 2011 4:13pm
Quoting kraven
Just thought i'd warn people off using 'Smart Live Markets'

I've been using them for several months now to test systems. Why? Because their a spreadbetting UK company that uses MT4, has good spreads and allows bets from 10p (ideal for testing strategies).

So whats the problem? Re-quotes........dozens of them.......re-quotes on re-quotes........and if it's not re-quotes it's 'invalid price'............an example; today i enter a trade and decided to exit while still in profit, after 4 'invalid prices' and then 3 re-quote I ended up having to adjust...


I can only confirm this, PURE SCAMMY CRAP BROKER
  • #13
  • Nov 23, 2011 11:40am Nov 23, 2011 11:40am
Quoting courtneywild
I've just started demo with GKFX (was Smartlive) and I have to say so far, not one requote. Early days as only a
Update,,,, feed not good and prices not normal. end. Keep looking
  • #14
  • Last Post: Nov 23, 2011 5:32pm Nov 23, 2011 5:32pm
alpari now doing SB on mt4 for fx
" Dont wait for your boat to come in ..... swim out and meet it"
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