DislikedDoes anyone know, if the spread will widen with MT4 or Multichats?
I really am looking forward to MCIgnored
I dont think so, did Oanda widen their spreads on MT ? no
LMAX and Fastbrokers 20 replies
Anyone with Darwinex or LMAX? I had a little issue with AUDJPY 27 replies
LMAX? Anyone Trade With Them Here? 12 replies
Dukascopy vs LMAX - Has anyone tried either or both? 7 replies
Information about LMAX? 2 replies
QuoteDislikedDeposit a minimum of $5,000 (or base account currency equivalent) to receive a free LMAX MultiCharts login for the remaining of 2011.
Thereafter, your LMAX account will be charged $60/month unless you trade a minimum of 250 contracts/month.
DislikedAm I right in assuming that lmax offers no limit* orders, only stop orders? And no slippage control?
*In my understanding a limit order means that I want to trade up to the supplied limit, and not when that limit is reached (which is a stop order).Ignored
QuoteDislikedMarket orders are always filled, so the stop loss order will also always be filled, and the trade will definitely be exited. However, market orders are filled at the currently available best price (the bid price for a sell order, and the ask price for a buy order), which means that the stop loss could be filled at potentially any price.
Disliked@Bleek
I see, thank you. Yes, I tried it out on the (web) demo. Well, I was looking at the java-api and currently there is only a market and a limit order specification, so I presume that it's either a limit order in the sense of a stop order, or there is no stop order (have not yet tried to trade via that api, so don't know).Ignored
DislikedThey have both STOP and LIMIT orders (and market of course).
You can protect your positions with stop market and stop limit, market will obviously will fill regardless and may slip (the most I see 1 pip, typically it's 0 to 0.3 pips) the other will only fill at your desired price but as a result you might not get a complete fill. Same with any direct 'broker'.
Personally I ALWAYS use market orders to exit because they guarantee the one thing I want, an EXIT!Ignored
Dislikedmaybe you only see the "Quick ticket" view.
You can pop-up a "deal ticket" window if you click the "Expand ticket" button(or click any instrument and pop-up the same window in the "List" view).
then you can see there are 3 order types(market/limit/stop).Ignored
Disliked@Bleek
I see, thank you. Yes, I tried it out on the (web) demo. Well, I was looking at the java-api and currently there is only a market and a limit order specification, so I presume that it's either a limit order in the sense of a stop order, or there is no stop order (have not yet tried to trade via that api, so don't know).Ignored
DislikedThe stop-order for entry may have not yet made it into the api - that was not available in the web-platform for some time either. A stoploss order that is attached to an existing position is possible through the api right now tho.Ignored
Dislikedseem to be an intesting broker,
I must say I had my doubt about them when they first started,
but they are looking better and better.
so are you guys happy with them so far?
are anyone using Multicharts? thats a great platform!
I saw they are charging 60 month for it,
what if you already own it? free?Ignored
Dislikedseem to be an intesting broker,
I must say I had my doubt about them when they first started,
but they are looking better and better.
so are you guys happy with them so far?Ignored