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LMAX = revolution?!?

  • #621
  • Jan 29, 2012 3:00pm Jan 29, 2012 3:00pm
Quoting Jack_Larkin
It's called interest arbitrage... It works but there's usually an extra fee for opening or closing positions in Islamic-style accounts. I'm not sure how Armada Markets charges for this.
How does Armada Markets perform interest arbitrage? I have tried all kinds of strategies with futures, options and even ETF-s but I have never managed to earn anything from it.
  • #622
  • Jan 29, 2012 3:03pm Jan 29, 2012 3:03pm
Quoting One billion
How does Armada Markets perform interest arbitrage? I have tried all kinds of strategies with futures, options and even ETF-s but I have never managed to earn anything from it.
"They" don't perform it.

It's a strategy market participants (traders, institutions, hedge funds, banks, etc...) could perform should the opportunity present itself.
FXGears.com
  • #623
  • Jan 30, 2012 6:40am Jan 30, 2012 6:40am
Quoting Jfk
First impressions trading live with MBTUK (through Multicharts). I'm experiencing delays and slippage. Not good. I'll see what gives next week.
For anyone interested, MBTX+MCDT working fine on eur/usd today. Think not setting Navigator preferences for single click order entry was problem. Getting fast fills on market and limit orders and OCO combos are working fine.
  • #624
  • Jan 31, 2012 6:55pm Jan 31, 2012 6:55pm
How safe are my funds? I have been hearing different financial reviews regarding this broker and its prospective future outlook.

I realize the funds are segregated, but i'd like to know for sure my deposit is somehow guaranteed in the event of this company possibly going under?
  • #625
  • Feb 1, 2012 1:59am Feb 1, 2012 1:59am
Quoting pr3dict0r
How safe are my funds? I have been hearing different financial reviews regarding this broker and its prospective future outlook.

I realize the funds are segregated, but i'd like to know for sure my deposit is somehow guaranteed in the event of this company possibly going under?
http://www.fxweek.com/fx-week/news/2...-strategy-role

I'm not sure someone like that would jump on-board if LMAX had no legs?

My funds are backed by the FSA, Britain is perhaps one of the safest countries to 'house' your money.
"I made all my money by selling too soon"
  • #626
  • Feb 2, 2012 4:11am Feb 2, 2012 4:11am
Hi,

Does anyone know if there is a minimum PIP distance from current price for Stop Loss/Take Porfit orders with LMAX or Armada?

I downloaded a demo MT4 terminal with Armada and there is a 15 PIP requirement for Stop Loss!
  • #627
  • Feb 2, 2012 5:41am Feb 2, 2012 5:41am
Quoting Igrach
Hi,

Does anyone know if there is a minimum PIP distance from current price for Stop Loss/Take Porfit orders with LMAX or Armada?

I downloaded a demo MT4 terminal with Armada and there is a 15 PIP requirement for Stop Loss!
Not on the LMax platform, no clue about MT4.
  • #628
  • Edited 8:58am Feb 2, 2012 8:41am | Edited 8:58am
Quoting pr3dict0r
How safe are my funds? I have been hearing different financial reviews regarding this broker and its prospective future outlook.

I realize the funds are segregated, but i'd like to know for sure my deposit is somehow guaranteed in the event of this company possibly going under?

Took a chunk of funds out of my Lmax account the other day, and this afternoon had a very rude LMAX employee asking why I had done so!! WTF! My money I do what I want with it bloody morons. Maybe a sign that they aren't well funded if they shit themselves everytime someone makes a large withdrawal.
  • #629
  • Feb 2, 2012 1:10pm Feb 2, 2012 1:10pm
Quoting shrike
Not on the LMax platform, no clue about MT4.
no problem when I tried on real - looks pretty good indeed
  • #630
  • Feb 2, 2012 10:11pm Feb 2, 2012 10:11pm
Quoting Porkpie
Took a chunk of funds out of my Lmax account the other day, and this afternoon had a very rude LMAX employee asking why I had done so!! WTF! My money I do what I want with it bloody morons. Maybe a sign that they aren't well funded if they shit themselves everytime someone makes a large withdrawal.
Though I don't know about your case, we should know about anti-money laundering law.
Especially doing deposit&withdrawal with "relatively" short-term.
  • #631
  • Feb 3, 2012 8:44am Feb 3, 2012 8:44am
Quoting ptarmigan
Though I don't know about your case, we should know about anti-money laundering law.
Especially doing deposit&withdrawal with "relatively" short-term.
Yes its all relative, time size etc, but conducting their due diligence without the attitude results in a much better result for all parties.
  • #632
  • Feb 6, 2012 11:59am Feb 6, 2012 11:59am
just confirmed, Multicharts use has nothing to do with API charge fees.
ΕΣΟ ΕΤΟÎΜΟΣ
  • #633
  • Feb 6, 2012 7:52pm Feb 6, 2012 7:52pm
Quoting Traderlarry
''We do not charge swaps because swaps are usually an additional cost for a client. As we are traders ourselves then we want you to succeed.''
This is the most peculiar non-explanation I ever heard from the so called broker

Quoting Traderlarry
There must be a catch. Are they really going to lend you a few 100ks for free ? lol
Sure there is a catch. They are not lending for free. They simply aren't lending at all. Traders at LMAX / Aramada or what's their name play video game, not real spot fx.

Don't you fellow traders think there are too many LMAX / Armada shills in this thread?
  • #634
  • Feb 7, 2012 12:39am Feb 7, 2012 12:39am
Like I said before, this bröker was promising at first, but then chose to go downhill. There's always gonna be shills though.
  • #635
  • Feb 7, 2012 1:12am Feb 7, 2012 1:12am
What exactly constitutes the perfect broker or are you guys looking for something that simply doesn't exist?

I make money with bucket shops, I make money with 'ECNs' I make money with Currenex.

What's that they say about a poor tradesman blaming his tools...
"I made all my money by selling too soon"
  • #636
  • Feb 7, 2012 4:37am Feb 7, 2012 4:37am
Quoting Karl_Vosp
This is the most peculiar non-explanation I ever heard from the so called broker



Sure there is a catch. They are not lending for free. They simply aren't lending at all. Traders at LMAX / Aramada or what's their name play video game, not real spot fx.
This is the only explanation for this as far as I understand. You cannot lend money for free. This would imply that you are not trading directly on LMAX with Armada. I think they are doing themselves a disservice with this kind of marketing.
  • #637
  • Feb 7, 2012 6:26am Feb 7, 2012 6:26am
Quoting trader65
just confirmed, Multicharts use has nothing to do with API charge fees.
You telling me you can use MC DT with Lmax with no strings?
  • #638
  • Feb 7, 2012 7:11am Feb 7, 2012 7:11am
I dont understand either how its possible that Armada doesn't charge swaps. Sounds like free money. But i guess thats a question for Armada rather than LMax, since lmax does actually charge/pay swaps.
  • #639
  • Feb 7, 2012 8:03am Feb 7, 2012 8:03am
Quoting Jfk
You telling me you can use MC DT with Lmax with no strings?
That's correct.
ΕΣΟ ΕΤΟÎΜΟΣ
  • #640
  • Feb 8, 2012 8:34am Feb 8, 2012 8:34am
Armada Markets has rollover swaps. On black and white here: http://www.armadamarkets.com/fx-trad...g-instruments/
We can move on now.
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