Best ECN | Page 14 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Cheapest ECN Comissions - Vantage FX ECN 10 replies

The BEST ECN Brokers... (GAIN GTX) ? 1 reply

PFG Best MT4 ECN 5 replies

Once and for all, who is the best ECN?! 14 replies

The best ECN broker to move to from MT4 brokers. EA trading must be supported 8 replies

Attachments: Best ECN
Exit Attachments

Best ECN

  • #261
  • Apr 23, 2011 2:49pm Apr 23, 2011 2:49pm
no
  • #262
  • Apr 24, 2011 12:45am Apr 24, 2011 12:45am
I looked at them a long time ago...but it didn't seem like they were taking individual accounts...I wonder when they started taking smaller accounts? Certainly an anvenue worth exploring, so thanks for bringing it to our attention! Have u traded with them? If so, can u give us any particulars?

Quoting shrike
http://www.cantorfx.com/currenex/PriceDisplay.aspx

http://www.cantorfx.com/currenex/

Might be worth mentioning in this thread. Dirt cheap comms..
  • #263
  • Apr 26, 2011 8:28am Apr 26, 2011 8:28am
Quoting Creator
Because some people trade with bigger deposits and have concerns over realiability of execution.
FXOpen is broker with very, very low level of credibility among serious traders who in general closed their accounts with FXOpen.
And yes they are good for leverage and promotions, if you prefer.
well fxopen's leverage is amongst the best around, and lots of traders want good leverage.
Enter Signature
  • #264
  • Apr 27, 2011 1:34am Apr 27, 2011 1:34am
Quoting Vengeance
I looked at them a long time ago...but it didn't seem like they were taking individual accounts...I wonder when they started taking smaller accounts? Certainly an anvenue worth exploring, so thanks for bringing it to our attention! Have u traded with them? If so, can u give us any particulars?
So I sent an email to Cantor and this is what I got back:

For your convenience in replying to my enquiry, I have listed my questions numerically:

1. I am currently trading on Currenex (fxtrades via LCG) and was curious about your CNX offering. Is this the fxtrades platform or pret? FX trades
2. Does Cantor offer charting on Currenex (as that is what I have now) as well as oco orders, if done, and if done oco? No charting (as ours is institutional platform) but yes to the the order types.
3. Regarding your liquidity, what are you offering for top of the book? Is there a demo I can download that uses YOUR (not CNX's demo feed) live feed and liquidity to see your DOM and live spreads so that I can see if I am better staying with my current provider or if Cantor offers something better that would make me switch? See above logins and attached instructions. Let me know if you need anything or have troubles.
4. Does Cantor pass ALL trades through to its liquidity providers or do they sometimes take a position against the client. Who are your liquidity providers? I see you mentioned that you get prices from 12 banks. Are these banks always streaming live bids and offers? Do they guarantee a minimum of liquidity? Yes STP for all trades no dealer desk intervention, Yes all banks stream prices. The pool is very deep. Usual suspects and they are 14banks on the majors.
5. Does Cantor offer CAD denominated accounts and are accounts segregated from Cantor. If so, which bank does Cantor use to hold clients' funds? Yes we have CAD demoniated accounts (not segregated) EUR, USD, GBP and CHF are seg though (Natwest)
6. What are the terms of trading i.e. leverage, currency pairs, swap points for rolls, minimum trade size per trade and incrementally, etc. 2%, 60pairs and Gold and Silver, 50k minimum.
  • #265
  • Apr 27, 2011 1:40am Apr 27, 2011 1:40am
Quoting vosterfxandy
well fxopen's leverage is amongst the best around, and lots of traders want good leverage.
To be honest, I don't know many (any?) traders whose main concern is leverage. Maybe if one is trading with a very small amount of capital, then perhaps one would want high leverage but at the end of the day this is why the mortality rate for retail traders is so high. Think double-edged sword.

I, personally, use only about 10:1 to 5:1 and might, might go as high as 20:1 if I'm feeling ballsy as money management is much more important than levering up to the hilt. Each to their own, however...
  • #266
  • Apr 27, 2011 1:47am Apr 27, 2011 1:47am
Whats the difference between pret and FxTrades?

Im seriously considering this. Any words on commission? Upon reading their site again, I guess the $10 are only for people who commit to some serious monthly volume..
  • #267
  • Apr 27, 2011 1:52am Apr 27, 2011 1:52am
Double-edged sword is actually a very accurate description of leverage.

Like a lot of other things in the world of forex trading, leverage is sorely misunderstood by many. It's a tool. Used wisely it can work in our favour. Used unwisely and things can go sour.

Keep in mind: you don't need a sledge-hammer to knock in tin-tacks.

Leverage is a tool. Learn to apply it judiciously and your trading accounts will thank you for it.
  • #268
  • Apr 27, 2011 4:57am Apr 27, 2011 4:57am
the point is, the option to have high leverage is nice.

US brokers don't offer that any more. so ur forced to check out offshore such as fxopen, but even alpari offer high leverage.
  • #269
  • Apr 27, 2011 7:58am Apr 27, 2011 7:58am
hi,

so what ECN brokers are compatible with MT4 ?

are there any stp's with mt4 ? - or is that a matter of account size ?

does anyone know of any ecn's offer gold with mt4 ?

also, ideally brokers would be in Europe. I was thinking of going with dukascopy, but they do not offer live mt4 yet !

any others ?

thanks
  • #270
  • Apr 27, 2011 12:46pm Apr 27, 2011 12:46pm
Quoting shrike
Whats the difference between pret and FxTrades?
FlashCall is the local expert on this. I'm quoting him from PM:

"if you must login to PRET (ProductionRETail) you will have the Viking aka Margin Classic stuff...that is b-booked...if you login to fxtrades.currenex.net or thru currenx.com you have the live Pro CNX."
  • #271
  • Apr 28, 2011 1:37am Apr 28, 2011 1:37am
Quoting Trader KGB
FlashCall is the local expert on this. I'm quoting him from PM:

"if you must login to PRET (ProductionRETail) you will have the Viking aka Margin Classic stuff...that is b-booked...if you login to fxtrades.currenex.net or thru currenx.com you have the live Pro CNX."
Agreed that Flash is certainly the one who can explain this better.

Pret is a market maker's front-end for CNX technology. fxtrades is the institutional platform. For example, large corps. like Shell (at least they used to) use this platform to connect to their liquidity providers' price streams.

On the pret version, you will see your account balance on the bottom and trades don't roll off. On fxtrades, you don't see your balance on the platform at all, and you are trading on credit vs. margin. Also, trades roll off the platform at the NY close, so you would have to login to the back office to see open positions after the NY cut.
  • #272
  • Apr 28, 2011 1:40am Apr 28, 2011 1:40am
Quoting FXCC Rep.
Double-edged sword is actually a very accurate description of leverage.

Like a lot of other things in the world of forex trading, leverage is sorely misunderstood by many. It's a tool. Used wisely it can work in our favour. Used unwisely and things can go sour.

Keep in mind: you don't need a sledge-hammer to knock in tin-tacks.

Leverage is a tool. Learn to apply it judiciously and your trading accounts will thank you for it.
Couldn't agree more!
  • #273
  • Apr 28, 2011 1:47am Apr 28, 2011 1:47am
Quoting saj1011
hi,

so what ECN brokers are compatible with MT4 ?

are there any stp's with mt4 ? - or is that a matter of account size ?

does anyone know of any ecn's offer gold with mt4 ?

also, ideally brokers would be in Europe. I was thinking of going with dukascopy, but they do not offer live mt4 yet !

any others ?

thanks
I'm not really sure there are any...Maybe MBT but I think they are based in the US. I have never used them so maybe someone else could offer more insight...

Also, MT4 is crap. Many better charting packages out there... Personally, I use reuters for charting, but the price is a little high (1,500/month). But the advantage is get reuters news feeds and lots of analytics. Bloomberg is also nice from an analytic standpoint, too. Although I prefer reuters news and charts.

Basically, all the charting platforms you get from market makers are awful. Plain awful.

Oh yeah, Flash pointed me out to an online web-based charting company called Pro Real time. Pretty nice charts and good price. Another one is Tradermade. Lots of banks use them for their charting (along with bloom. and rtrs).

If you are serious about trading, spend a little and look into one of the above.
  • #274
  • Apr 28, 2011 4:01am Apr 28, 2011 4:01am
Quoting Vengeance
I'm not really sure there are any...Maybe MBT but I think they are based in the US. I have never used them so maybe someone else could offer more insight...

Also, MT4 is crap. Many better charting packages out there... Personally, I use reuters for charting, but the price is a little high (1,500/month). But the advantage is get reuters news feeds and lots of analytics. Bloomberg is also nice from an analytic standpoint, too. Although I prefer reuters news and charts.

Basically, all the charting platforms you get from market makers are awful....
This is very good post. I also have been looking for good web-base service.
  • #275
  • Apr 28, 2011 5:09am Apr 28, 2011 5:09am
Quoting Vengeance
I'm not really sure there are any...Maybe MBT but I think they are based in the US. I have never used them so maybe someone else could offer more insight...

Also, MT4 is crap. Many better charting packages out there... Personally, I use reuters for charting, but the price is a little high (1,500/month). But the advantage is get reuters news feeds and lots of analytics. Bloomberg is also nice from an analytic standpoint, too. Although I prefer reuters news and charts.

Basically, all the charting platforms you get from market makers are awful. Plain...

As it happens i have a Bloomberg terminal and am aware of Pro-Realtime, however mt4 is an all in one automated package, which is the main attraction (know any better ones ?). The main challenge I am finding with MT4 is using a good broker with low and reliable spreads (this is the holy grail perhaps and not the EA!).
i think alot of people would disagree MT4 is crap.

Dukascopy offers Jforex, but i am not a programmer and know little of java man !
So ideally I will stick with mt4 for a while, until something better comes up !
Cheers !
  • #276
  • Apr 28, 2011 5:33am Apr 28, 2011 5:33am
Quoting saj1011

Dukascopy offers Jforex, but i am not a programmer and know little of java man !
But dukascopy actually supplies their feed to fxopen, who DO offer mt4.
  • #277
  • Apr 28, 2011 6:38am Apr 28, 2011 6:38am
Quoting Vengeance
2. Does Cantor offer charting on Currenex (as that is what I have now) as well as oco orders, if done, and if done oco? No charting (as ours is institutional platform) but yes to the the order types.
They are wrong to say that they dont offer charting on FXtrades because they have the institutional platform. CX offers simple charting on their FXtrades platform (as you already seen on LCG)

At this moment of time I prefer Hotspot over CX.
  • #278
  • Apr 28, 2011 10:18am Apr 28, 2011 10:18am
Quoting rashygomez
But dukascopy actually supplies their feed to fxopen, who DO offer mt4.
They ended their partnership awhile back, FXOpen ECN is a separate feed now.
  • #279
  • Apr 28, 2011 1:27pm Apr 28, 2011 1:27pm
Quoting saj1011
hi,

so what ECN brokers are compatible with MT4 ?

are there any stp's with mt4 ? - or is that a matter of account size ?

does anyone know of any ecn's offer gold with mt4 ?

also, ideally brokers would be in Europe. I was thinking of going with dukascopy, but they do not offer live mt4 yet !

any others ?

thanks
who doesn't offer MT4? they allmost all do!
here is a good list
http://www.100forexbrokers.com/stp-ecn-brokers
Bulls are stupid Animals!especially when Im short!
  • #280
  • Apr 28, 2011 10:25pm Apr 28, 2011 10:25pm
Quoting FlashCall
They are wrong to say that they dont offer charting on FXtrades because they have the institutional platform. CX offers simple charting on their FXtrades platform (as you already seen on LCG)

At this moment of time I prefer Hotspot over CX.
Hey Flash! Hope you've been well and the markets are treating you kindly!

Yeah, when I read his rply on that, I just shook my head a bit and sighed. I sent him an email back with a screenshot from CNX of charts. Haven't heard back from him yet... haha Maybe feels a bit embarrassed...

I started off trading with Hotspot, until they closed their retail arm...Would love to go back as always liked their platform and still like it (assuming it hasn't changed a whole lot in the last couple of years) over CNX.

Any idea what their mins. are?

Cheers,

Venge
1 trader viewing now