Over the last few weeks, I have observed a noticeable increase in new VPS subscribers specifically looking to get a VM in our UK datacenter for FinFX. What I can infer by this is that the broker seems to be growing - fast I don't know if that is good or bad, just reporting back my observations. I have not seen any tech issues from the broker either.
Does anybody of you that use FinFX receive message "Trade Timeout" when market starts moving. I am getting it a lot. Support says that maybe I have slow connection but I don't. I have ForexVPS connection that is quite sufficient. I run few other brokers on other MT4 accounts, and they are working perfect.
This whole thing reminds me of "Re-quote" error that I received on other market makers. Alpari UK is especially sick of re-quote disease.
I even changed server to US server since my ForexVPS is registered in US and it does not help... When I ping their main server (they told me IP in support chat) my ping is more that adequate, somewhere in the middle of the range that is required.. Hm....
Does anybody of you that use FinFX receive message "Trade Timeout" when market starts moving.
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You will receive this message when there is no liquidity to fill your trade in a fast moving market and it is just sitting there waiting for the price to move back and hit your order price again. Or if you are dealing with a market maker and they are not willing to take the other side of the trade, they just let the market order lapse. So it depends what type of account you have with FinFX but you should not have this problem with an ECN account.
You will receive this message when there is no liquidity to fill your trade in a fast moving market and it is just sitting there waiting for the price to move back and hit your order price again. Or if you are dealing with a market maker and they are not willing to take the other side of the trade, they just let the market order lapse. So it depends what type of account you have with FinFX but you should not have this problem with an ECN account.
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FinFx offers only ECN accounts, but I can be wrong.
.. I have a friend who has a larger account with FinFX, so i was asked to do some checking. The CEO Jani Hjerppe is also behind this venture http://www.leotraderpro.com/ which doesn't really help to establish his background as very trust worthy... however just selling some bloated EAs doesn't make you a crook, right...?
FOREX is a true wild west with almost no regulation and a lot of shady characters operating... caveat emptor!!
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Correction to earlier FinFX CEO Hjerppe is NOT affiliatred with LeoTrader! LT is just using FinFX to trade their MT4 neural network trade copier! I have talked to some FinFX people and they seem honest and straight forward, was actually very positively surprised about thier honesty in answering some key questions! I'll visit their offices someday and check it out. they are also considering going under Fin-FSA regulation, however FX spot market is still unregulated as it is anywhere else.
I hope all the best to these guys and would be nice to get another HONEST intermediary into this wild west of forex retail brokers!
ps. I am in no way affiliated with FinFX, although I am from Finland myself. I do not yet have account with them, but one of my long term private clients is trading his own account (+40k) through FinFX and all has been going very well so far.
FinFx offers only ECN accounts, but I can be wrong.
John
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yes they indeed are true ECN, with 2500 euro min. deposit! As in any intermediary there can and will be slipage, butw with honest ECN it can be in both direction, unlike with broker that normally only have slipage to client disadvantage!!
If I understood correctly, their MT4 bridge and liquidity is through PrimeXM. - correction - yes, liquidity through Integral.
yes they indeed are true ECN, with 2500 euro min. deposit! As in any intermediary there can and will be slipage, butw with honest ECN it can be in both direction, unlike with broker that normally only have slipage to client disadvantage!!
If I understood correctly, their MT4 bridge and liquidity is through PrimeXM.
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I thought they got their liquidity and feed from Integral, as this page suggests. Maybe only for certain account types as they have a few types now.
yes they indeed are true ECN, with 2500 euro min. deposit! As in any intermediary there can and will be slipage, butw with honest ECN it can be in both direction, unlike with broker that normally only have slipage to client disadvantage!!
If I understood correctly, their MT4 bridge and liquidity is through PrimeXM.
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as stated on their homepage, liquidity provided by Integral.
Well, apparently, my Trade Timeout error was caused by ForexVPS because I got same error on Alpari UK demo account. So it was not FinFX fault after all.
I have complained to ForexVPS and today the connection was perfect so we'll see if it will stay this way or I'll have to change to another VPS provider. They probably overloaded the server with too many virtual machines and everything was sooo slow, from connection to it, to working on it. Annoying...
Well, apparently, my Trade Timeout error was caused by ForexVPS because I got same error on Alpari UK demo account. So it was not FinFX fault after all.
I have complained to ForexVPS and today the connection was perfect so we'll see if it will stay this way or I'll have to change to another VPS provider. They probably overloaded the server with too many virtual machines and everything was sooo slow, from connection to it, to working on it. Annoying...
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Bit off the topic, but would be nice to hear about good VPN, I've also had trouble and currently using my own server, but would prefer to find reliable and well functioning VPN!
Bit off the topic, but would be nice to hear about good VPN, I've also had trouble and currently using my own server, but would prefer to find reliable and well functioning VPN!
