MT4 Brokers' Virtual Dealer Plug-In

Meta trader got upset after seeing the video and order a DMCA take down.


To find out about the indicator that detects the plug-in visit the product web site at:

http://4xtrader.net/4xsentinel/

why they are upset? it was always a surprise for me that a platform that is designed in his core to ripe trader off with the dealing desk feature got so pupular. If metastock would have understood about forex , i suppose we will not have metatrader now. But the big guys ( reuters) are alwasy lagging.

That is interesting tool, but expensive. And it won't help you to make more money.

Josef, it can't make more money for - yes, but it can help you to lose less.

Thanks, also does anyone know where I can get the document of the virtual dealer plug in that's shown on that site??

There is a pdf on the page before this one that is very detailed regarding the plug in.

^^ thanks..

If you choose a trustworthy broker, may you choose MetaTrader (if you think it is better for you), or regardless of the trustworthiness of a broker, MetaTrader bears a higher level of risk (fraud) compared to e.g. NinjaTrader?
Or if you choose a big, well-known, trustworthy commodity-futures broker who also offers forex and MetaTrader, (e.g. Interactive Brokers, PFG Best etc.), this guarantees that the use of MetaTrader at that broker as safe and non-fraudulent as the use of e.g. NinjaTrader?

And what about slippage and re-quotes that some people complain about? Do they occur only at fraudulent MetaTrader brokers?
So what if you trade through a big, well-known, trustworthy broker? Even at such brokers you face bigger slippage and slower execution with MetaTrader compared to NinjaTrader?

so the key is to look out for brokers that do not have this plug in and use ecn /stp only ?

Ofcourse, it's a dirty trick which happen in most of any brokers, especially new broker which needing profit . But some kind of IB which lived long won't do that, eg: forex.com; alpari ....

For myself, with the very true trading system, we can still win, no matter how they play us

can you please explain how that is even remotly possible?
if you got some trick, please share it,
because most people are loosing a lot of pips to the plugin

demo of GOmarkets hints at it as well

but what about MT 4 of Divisa?

same picture? any info?

please respond

WHselfinvest has its own platform for example

so it has full control but it is reliable broker

(platform freese is common during news release though)

I have live account because of need of oil and index CFDs

but in search of ECN fof forex scalping



my supposition

everything depends of honesty and integrity of people behind brokerage

(----if they are after money so we all are

they want to guard their profit as we want to profit as well

we shoud not blame them and consider ourselves to be angels-----)

and do not forget brokers are on the other side of the frontline

traders can get united

on the contrary brokers are competitors between themselves

they fight for money in our pokets

and have to do some "propaganda"(marketing)

about low spreads and other bullsh*****

in the same time using slippage and other instruments in their arsenal

and some other things in addition

like hidden costs(pay to withdraw inactive account fee and so on)

just to stay afloat and make a living



logic leads to find "COMISSION ONLY" broker(for small trader)

but does such an animal exist?

any thoughts?

Actually professional traders play against each other as well. If no traders on the other side of the trade lose their hard earned money, there is $0 for you to make. This is the most competitive market in the world we're talking about.

On any given moment in the market, your real enemies are (besides yourself):

 

1. Traders on the other side of the trade

And your real friends are:

 

1. Traders on your side of the trade

If you can't win consistently, then no "uniting with fellow traders against the evil brökers" would make you any real money. Your bröker is not your friend, but it's not your real enemy either, unless you're trading with deceptive thieves (they do exist) and not a reputable company that professionals trade with. In fact, it your bröker that makes it possible for you to enter this market.

What do you mean? With no spreads? No it doesn't, and if it does (I think I saw some crap bröker offering this once) then chances are you'll still end up paying the same amount per trade if not more.

If you're starting out real small, then find the best market maker you can find. If you're starting out with 1k or more, then just find a reputable ECN. If you're like 50k or more, then go institutional. See if you can find a good deal and stick with it.

There's no perfect bröker. Things like the occasional slippage or disconnections etc. are something you have to deal with. Things like spreads widening are related to your ECN bröker's liquidity providers. Make sure you are aware of how it all works (here's something to get you started). But things like decent commissions, or quality support, or wiring you your money in time, etc. are things your bröker can and must provide. If it doesn't, complain and then leave.

If you can't win consistently, then no "uniting with fellow traders against the evil brökers" would make you any real money.

---------we already have what i mean(forums of traders)


Your bröker is not your friend, but it's not your real enemy either,

--------it must work as an agent for comission and charge some wider spread to interbank momentary pricing just not to get burnt even a bit
(so to say "real" ecn for retail traders)
but no more than that and to profit mainlyfrom comissions


unless you're trading with deceptive thieves .......

-------my broker( whselfinvest) has 5 offices in european capitals
(but the problem for forex scalping is platform freese but i stay fo now because of index cfd available)



What do you mean? With no spreads?


----------real ecn spreads (one standart lot minimum to trade of course)
ok let it be "real" for small trader(several decimals wider let us say 0.5 pip on top of interbank spread )
but the main broker's interest must be comission (even quite hefty)
("no spead"does not exist in nature because it becomes "done deal")


If you're starting out real small, then find the best market maker you can find.


---------2k for forex scalping(other trading methods of mine are not successful)


There's no perfect bröker. Things like the occasional slippage or disconnections etc. are something you have to deal with. Things like spreads widening are related to your ECN bröker's liquidity providers. Make sure you are aware of how it all works

--------agree

(here's something to get you started). But things like decent commissions, or quality support, or wiring you your money in time, etc. are things your bröker can and must provide. If it doesn't, complain and then leave.[/quote]

---------thanks for link but it has already been read and found brilliant!!!!!!



-------you seem to be very expirienced and would agree
that to do any work one must have reliable tool
(means responsible broker even if not cheap)
if a broker does not act purely as your agent that earns comission
and becomes your counterparty (any sort of market making)
you automatically become the loser
otherwise the loser is your broker
but that is not possible (by nature) for any service for money
so the loser is a trader


my anxiety is that many online brokers just pretend to work as servants (agents) of traders but in reality they are hunters for traders(bucketshopping of different scale and form)
that is why our exchange of opinions and expirience is some sort of
selfdefence
to punish dishonest and to reward those who merit
any broker company must make profit by serving cliants
but not preing on them
punishment is naming blaming and shaming(if only on forums)
but rewarding is sharing good opinion and hence recommending

well.... practical sence of my appeal to you (and to the others) is.....

as mentioned above you make impression of being a serious trader
with lot of knowlage and skills
so be very kind and check backgrounds of several companies selected
after long search

divisa(newzeland)
investorseurope(gibraltar)
finfx(finland)

they claime to be "ecn" and have no conflict of interests with traders
are they reliable and responsible organisations?

also check please fxflat(germany)
it looks like cooperative of professional traders(with fotos of team members
what is quite a rarity in online business)
it seems to be market maker though
but offers cfd as well as forex

many forum members are in search of honesty and reliabilyty in forex
especially day traders and scalpers
and if a broker tricks a trader
any need of low spreads small slippage good fills correct price feed
fast execution one click trading and so on
simply disappears


you could do us a great favour with such research about these companies

thanks in advance and lucky trading to you

when the criminal is caught with his dirty fingers in the cookie jar, he allways returns to the crime scene to smooth things off.

Hi cooltrader28!

Do you know if they are still using the Virtual Dealer Plugin?
If possible please contact me directly! Have some more Questions about Varengold

Thanks!

sorry Im not cooltrader28 but I wanted to make a reply,
ofcourse they are using it, but there is no way to prove it,
and they will certanly never admit using it,
but if you experience the syptoms,
"re-quotes" "trade desk out of context"
"trade desk not avalible" and such messages,
or spikes that constantly take out your stop losses
you can be pretty sure they are using the plugin,
if they claim to be ECN or no dealing desk don't matter,
if you see these syptoms,
I advise you to close your acount ASAP!
because you are being scammed,
no matter what broker or if they get a 5 star review in all the forums,
can't trust the reviews since brokers them self writing them,
can't help you with Varengold
I have not been trading with them.
trust only your self, and your own intution

agree..

downloaded demo....spiky!!!!...

emailed questions to warengold...no response....

uninstalled