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  • #321
  • May 23, 2011 1:41am May 23, 2011 1:41am
Quoting IndyTrader
There is no such thing as a broker whose customer base creates enough liquidity internally to match all customer market demands.

I would just look at MBT, I've had no issues with them at all and if you do use Limit orders, the payment for order flow is quite appealing.
MB Trading is a good broker, bast their hard regulation is no for me...
  • #322
  • May 23, 2011 5:55am May 23, 2011 5:55am
Quoting winn
did you try to open barclays capital
You mean BARX? They're not really a big player.
  • #323
  • May 24, 2011 6:21am May 24, 2011 6:21am
Quoting fxvoilaaa
You mean BARX? They're not really a big player.
They are much bigger then you think they are...you probably are taking their pricing via your broker right now... They are in the top 3 of biggest FX banks that are doing the most volume. Their pricing is one of the best Ive ever seen...however its not worth it to only take pricing from them...you need some others in the mix as well.
  • #324
  • May 26, 2011 8:17pm May 26, 2011 8:17pm
Quoting Vengeance
True enough. I already told the guy that if I'm going to open an account I would want to have the same 'demo feed' I am using to compare feeds. He didn't seem to have a problem with this request... But actions speak louder than words.

Thanks for the input flash!
It seems Cantor a good CNX option. Do Cantor offer segregated account？
  • #325
  • May 27, 2011 12:09am May 27, 2011 12:09am
1. If you are with a pure ecn broker he will charge commission , there is no concept called no commission in forex ecn broker so if somebody says he is giving with no commission then he is not transperent

2. STP with no commission :- some brokers are saying in their ads that they are pure stp and charge no commission, the truth is they mark up the commission in the spread that they offer to you in other words it is in built in the spread

3. what is the commission brokers charge in a ecn :- normally i have seen they charge 3.5 usd for a one side per 1 std lot , however they get it at 1.50 usd per 1 std lot so they end up making 2 usd as margin in 1 std lot that their profit . the avg spread in eusd in ecn is approx .07 .

4. So if your broker is saying true ecn and he is offering you spreads like .07 and saying that the commission is around 2 -2.5 usd per std lot then it is a deal for u

I know all these facts as i have seen the other side of the forex business, both from the client side and from the provider side.

Another thought is all these broker slippages etc will go away if 3-4 traders join hands and pool in 5k usd then they can have their own private brokerage.
  • #326
  • May 27, 2011 2:41am May 27, 2011 2:41am
Quoting unimak

Another thought is all these broker slippages etc will go away if 3-4 traders join hands and pool in 5k usd then they can have their own private brokerage.
hi Unimak,

could you elaborate on this a bit more ? do you mean you get a better service from ECN if your balance is over 5k ? or the ecn broker treats you better if you are in a pool with 3-4 others ?

thanks
  • #327
  • May 27, 2011 3:48am May 27, 2011 3:48am
Quoting saj1011
hi Unimak,

could you elaborate on this a bit more ? do you mean you get a better service from ECN if your balance is over 5k ? or the ecn broker treats you better if you are in a pool with 3-4 others ?

thanks
Best i have seen is 1.95 $ per 100k USD notational volume traded for retail side
  • #328
  • May 27, 2011 6:17am May 27, 2011 6:17am
i have this idea to go viral with this initiative against online scam brokers and only trade ecn/stp.

we need to inform the masses about scamming brokers ! Facebook is probably the best tool !

Join my group and tell your facebook friends !

Group is called :

"DEALING DESK ONLINE SCAMMING BROKERS GOODBYE !"
  • #329
  • May 28, 2011 10:35pm May 28, 2011 10:35pm
Quoting good mind
It seems Cantor a good CNX option. Do Cantor offer segregated account？
I asked them that and their reply was "...we have CAD demoniated accounts (not segregated) EUR, USD, GBP and CHF are seg though (Natwest)."
  • #330
  • Jun 4, 2011 6:27am Jun 4, 2011 6:27am
  •  winn
  • | Joined Aug 2009 | Status: photography-Fotografie-фотография | 63 Posts
exactly,
1 DBFX
2 UBS
3 Barclays capital(barx)
4 RBS or Citi
5 Citi or RBS

LCG is belong to JP Morgan, within rank top 10




Quoting FlashCall
They are much bigger then you think they are...you probably are taking their pricing via your broker right now... They are in the top 3 of biggest FX banks that are doing the most volume. Their pricing is one of the best Ive ever seen...however its not worth it to only take pricing from them...you need some others in the mix as well.
gold
  • #331
  • Jun 4, 2011 2:19pm Jun 4, 2011 2:19pm
Quoting winn
exactly,
1 DBFX
2 UBS
3 Barclays capital(barx)
4 RBS or Citi
5 Citi or RBS

LCG is belong to JP Morgan, within rank top 10
LCG doesnt belong to JPM...LCG uses JP as a prime broker and that doesnt mean they only show liq from JPM, JPM is only used to clear the trades and set the creditlines to the other banks for LCG to get theirs (other banks) liquidity in.

As far as I know LCG is getting liq in from 13 or 16 banks.
  • #332
  • Jun 4, 2011 11:07pm Jun 4, 2011 11:07pm
Quoting FlashCall
LCG doesnt belong to JPM...LCG uses JP as a prime broker and that doesnt mean they only show liq from JPM, JPM is only used to clear the trades and set the creditlines to the other banks for LCG to get theirs (other banks) liquidity in.

As far as I know LCG is getting liq in from 13 or 16 banks.
What makes you so sure that they are getting liq from 13 to 16 banks ?
  • #333
  • Jun 5, 2011 4:29am Jun 5, 2011 4:29am
Quoting Kiado
What makes you so sure that they are getting liq from 13 to 16 banks ?
I counted them when the counterparties label was open by accident. But this was few yrs back, today I dont know since I dont use them anymore. The info I have about LCG is first hand info but from few years back.
  • #334
  • Jun 5, 2011 5:53am Jun 5, 2011 5:53am
theres fxpro xtrader ,they recently introduced ECN min account is 1k their liquidity is enough for a small trader and platform is easy to use,its good for someone switching from retail brokers,if you cant afford the currenex or something more serious.
  • #335
  • Jun 5, 2011 8:22am Jun 5, 2011 8:22am
Quoting FlashCall
I counted them when the counterparties label was open by accident. But this was few yrs back, today I dont know since I dont use them anymore. The info I have about LCG is first hand info but from few years back.
Yeah a few years back that makes your observation obsolete try to find more updated info before you post any statements here imho
  • #336
  • Jun 5, 2011 8:24am Jun 5, 2011 8:24am
Quoting Kiado
Yeah a few years back that makes your observation obsolete try to find more updated info before you post any statements here imho
It makes it obsolete, if it is really obsolete - not because you think its obsolete in your opinion...we both dont know if the statement is really obsolete...unless you have more recent first hand info about it - then i have to agree with you... But its fair to assume only more banks are getting added rather then removed...
  • #337
  • Jun 5, 2011 8:42am Jun 5, 2011 8:42am
Quoting FlashCall
It makes it obsolete, if it is really obsolete - not because you think its obsolete...we both dont know if the statement is really obsolete...unless you have more recent more recent info about it. Then i have to agree with you... But its fair to assume only more banks are getting added rather then removed...
I don't look for your agreement i just want that you or any other reader on this forum is not accepting blindly any info posted here, do your own research.

Also in an unregulated market where the loyalty of any participant lies within their liq provider you should and must be suspicious , also as far as i know cnx wont be able to offer their service in the US anymore.
  • #338
  • Jun 5, 2011 9:57am Jun 5, 2011 9:57am
Quoting Kiado
I don't look for your agreement i just want that you or any other reader on this forum is not accepting blindly any info posted here, do your own research.
I totally agree...

Quote
also as far as i know cnx wont be able to offer their service in the US anymore.

This is the perfect example from what you just said above...
  • #339
  • Jun 5, 2011 10:38am Jun 5, 2011 10:38am
Quoting FlashCall
I totally agree...



This is the perfect example from what you just said above...

Time will tell, if we are both a perfect example or not.
Two reputable brokers one in the US and one in the UK(partially) stopped already offering their service , but you are right that could also be due to totally other reasons not connected to CNX at all.

I for myself stopped doing business with them and personally know 2 other traders who may considering doing the same .
  • #340
  • Jun 5, 2011 11:33am Jun 5, 2011 11:33am
Quoting Kiado
, also as far as i know cnx wont be able to offer their service in the US anymore.
To straighten things out:

I received additional info that a ECP will still be able to receive services from CNX in the US and that broker in the US ,mentioned by me in the post above, is still offering CNX to ECP .

Anyway my info seems to be inaccurate and i have not atm the possibility to do the research and be sure.

So please disregard any info regarding CNX and their ability to offer their service in the US

Thanks and sorry for the confusion

Kiado
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