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New Broker Choice

  • #1
  • First Post: Edited 4:37am Aug 6, 2011 3:20am | Edited 4:37am
So I have narrowed it down to 3 brokers that I am currently reviewing to go live with, any input would be appreciated, will not take any other broker advice not listed below, the reason is I want to stay on target with my choices.

ATC Brokers
MB Trading
DBFX

Even though I have done my homework, would like to know any personal stories that have to do with slippage, platform freezes or requotes, of course anything else that would apply for the brokers listed above. Slippage that is during news does not concern me as I have no intent of trading during news. I know ATC is an IB for FXCM and every broker has its flaws, but I see this as a close race and need a tie breaker. I was hoping to get 100:1 but at this point going 50:1 keeps it safer anyway. I have traded with 4 other brokers and do not like the slippage and platform freezes I have experienced. I use to scalp but now I am a longer term trader so execution is important but not going to blow anything up if I miss it by a pip or two. So anything constructive about the 3 listed or recommendations out of the three would be most helpful.
  • #2
  • Aug 6, 2011 5:33am Aug 6, 2011 5:33am
Quoting EricF
So I have narrowed it down to 3 brokers that I am currently reviewing to go live with, any input would be appreciated, will not take any other broker advice not listed below, the reason is I want to stay on target with my choices.

ATC Brokers
MB Trading
DBFX

Even though I have done my homework, would like to know any personal stories that have to do with slippage, platform freezes or requotes, of course anything else that would apply for the brokers listed above. Slippage that is during news does not concern me as I have no intent of trading...
I can help you to narrow it down to two brokers:

"...We'd like to inform you that from Friday 13 May 2011, Deutsche Bank will no longer provide dbFX, its online FX trading platform for individuals and small institutions. dbFX has made arrangements that will allow existing clients to open an account with FOREX.com...".

  • #3
  • Aug 6, 2011 2:07pm Aug 6, 2011 2:07pm
lol, great that is just wonderful, now how about the other two.
Quoting fido
I can help you to narrow it down to two brokers:

"...We'd like to inform you that from Friday 13 May 2011, Deutsche Bank will no longer provide dbFX, its online FX trading platform for individuals and small institutions. dbFX has made arrangements that will allow existing clients to open an account with FOREX.com...".

  • #4
  • Aug 6, 2011 6:11pm Aug 6, 2011 6:11pm
MB
  • #5
  • Aug 6, 2011 7:49pm Aug 6, 2011 7:49pm
Forex5050 have you ever used ARC or just MB?
  • #6
  • Aug 7, 2011 12:22am Aug 7, 2011 12:22am
I tried a demo account with ATC once. Only issue I have with them is that their commission is too high.
  • #7
  • Aug 7, 2011 1:45am Aug 7, 2011 1:45am
Quoting EricF
lol, great that is just wonderful, now how about the other two.
Easy. MB.
  • #8
  • Aug 7, 2011 1:55am Aug 7, 2011 1:55am
Quoting IndyTrader
Easy. MB.
Then you have used ATC Brokers in the past? Just curious to how you have come to that conclusion.
  • #9
  • Aug 7, 2011 2:20am Aug 7, 2011 2:20am
Quoting EricF
Then you have used ATC Brokers in the past? Just curious to how you have come to that conclusion.
ATC is now with FXCM. Done deal.
  • #10
  • Aug 7, 2011 2:40am Aug 7, 2011 2:40am
ATC is on FXCM but they are still an ECN and their feed is straight to MT4.

Here is my thing with MB, what is the slippage like during normal conditions & typical trading hours in a live account? I have heard bad things about re-quotes and slippage, but they made it to my short list because I believe those issues were probably during news or high volatility, people only seem to post the bad.

Still if you have not traded with ATC, how can you be sure?
  • #11
  • Last Post: Aug 7, 2011 1:52pm Aug 7, 2011 1:52pm
Quoting EricF
ATC is on FXCM but they are still an ECN and their feed is straight to MT4.

Here is my thing with MB, what is the slippage like during normal conditions & typical trading hours in a live account? I have heard bad things about re-quotes and slippage, but they made it to my short list because I believe those issues were probably during news or high volatility, people only seem to post the bad.

Still if you have not traded with ATC, how can you be sure?
You should never receive re-quotes with a true ECN...
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