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Attachments: LMAX = revolution?!?
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LMAX = revolution?!?

Quoting MarkW1979
I have to agree with this statement to be honest. All I need from a broker is one where I can be in and out of a Market with certainty, and (relatively) quickly. I need low spreads over 6 to 8 pairs. Sure the mt4 platform is not perfect, but it is robust and it has some advantages over the other platforms I have used that suit me and my trading (and not eas, custom scripts etc).

Lmax or armada may therefore be suitable, although at present I have only demoed.
In my 18 months with LMAX I've only had one questionable spike which stopped me out, all my other feeds were reading some 6-8 pips lower. The trade then went on to win as I expected it would.

I'm not going to argue what or why that happened, there are many legitimate reasons for a start, but it's more the fact I've only ever had ONE problem in a year and a half of trading DAILY.

That pretty much echoes my experience with Currenex and yet Currenex requires me to tie up 50k of my cash, LMAX just 5k (although I think they may have put this up to 10k recently?).

I also like the LMAX web platform, in fact I really like it. It's unfussy, uncluttered and does everything I need without any distracting crap that other brokers throw at you.

So after all this time I still recommend them, especially for those without the deposit for the 'Currenex experience'.
"I made all my money by selling too soon"
Quoting Marv
Of the three, the best one right now seems to be fastbrokers IMO.

Nice API that is still free, nice platform, futures data available, etc.

I'm seriously tempted to switch with them to give em a try.

How does it work with Fastbrokers? Do you deposit funds with them directly or ?
We're all stories in the end. Just try to make it a good one.
I just checked their website.
So, they act as an exchange, right? But I do not understand, how CFDs can be traded at this exchange?
Quoting hosita
I just checked their website.
So, they act as an exchange, right? But I do not understand, how CFDs can be traded at this exchange?
Why can't CFDs be traded on exchange?
Quoting MarkW1979
I have to agree with this statement to be honest. All I need from a broker is one where I can be in and out of a Market with certainty, and (relatively) quickly. I need low spreads over 6 to 8 pairs. Sure the mt4 platform is not perfect, but it is robust and it has some advantages over the other platforms I have used that suit me and my trading (and not eas, custom scripts etc).

Lmax or armada may therefore be suitable, although at present I have only demoed.
According to a guy testing Armadamarkets Mt4 demo,they are cheating using the virtual dealer plugin when using 4xsentinel to detect suspicious behaviour, he is testing a robot...
They are cheating on DEMO, how cunning of them. Did he lose much demo money then? Thats horrible.
Quoting shrike
They are cheating on DEMO, how cunning of them. Did he lose much demo money then? Thats horrible.
how come did they cheat on Demo? what for?
Quoting trader121
I can't belive it, just wrote an e-mail to LMAX today that I do not use them because there leverage is too low and they should offer higher leverage, and now this!

They say they offer 500:1, are there any restrictions regarding that leverage for example Account Size, Trade size etc? If no, I got a new TOP broker soon...

EDIT: Yes the have restrictions on the leverage:
Classic account size Maximum leverage0 – 500 1:500 500 – 3000 1:200 3000 – 500 000 1:100 500 000 and over 1:50

A joke. It's basically 1:100, same as LMAX. So no TOP broker...
Trader 121: I was under the impression that LMAX had a minimum account opening balance of $10,000 with 100:1 leverage, their Classic account. Had that confirmed by email with them. The account sizes and maximum leverages which you quoted above are mostly below $10,000 and 100:1. Where does that come from? An account which initially opened at $10,000 or above and 100:1 leverage then its balance fell below that?
  • Post #669
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  • Edited Feb 29, 2012 3:35am Feb 28, 2012 4:40pm | Edited Feb 29, 2012 3:35am
Lmax is now offering mt4 to exisiting clients. The odd thing is, your funds have to be transfered to an MT4 account which is separate from your main Lmax account.

no point using Multicharts DT as previously discussed as you will get charged API fees, unless you have over $5K account and trade more than 250 lots per month.

With reagrds Armada: About 95% of total clients' funds are held at LMAX client trust account in NatWest London. About 5% are held in Nordea Bank Finland's Estonia branch to cover possible daily withdrawals by clients. Client funds are segregated as required by both Estonian and EU law.

So looks like you are trading on the exchange rather just the lmax price feed.
Porkpie,

charging of api fees for MC DT use is not correct.
ΕΣΟ ΕΤΟÎΜΟΣ
I cant find application for MT4 account at lmax.com - well hidden?

LMAX soft launches MT4
http://www.forexfactory.com/news.php?do=news&id=345949
Quoting LFN
I cant find application for MT4 account at lmax.com - well hidden?

LMAX soft launches MT4
http://www.forexfactory.com/news.php?do=news&id=345949

Anyone can find it ?
Quoting Cocoflanel
Anyone can find it ?
According to live chat, it doesn't seem like they will be providing a MT4 demo anytime soon:
Attached Image
I've just opened an account with Armada. Not a big fan of MT4, although just bought this plug-in today and so far so good:

http://www.the-forex-strategy.com/in...rading-console

and their account funding is a bit limited BUT I can trade micro-lots on a primeExchange account at 0.04 $ per round-turn. Fill is as instant as LMAX and the quotes are exactly matched. The way I figure it, if LMAX goes tits-up, so does Armada. I think this is currently the best retail deal around (spreads and execution, position size flexibility etc). Worthwhile buying an order management front-end though.
Quoting Jfk
I've just opened an account with Armada. Not a big fan of MT4, although just bought this plug-in today and so far so good:

http://www.the-forex-strategy.com/in...rading-console

and their account funding is a bit limited BUT I can trade micro-lots on a primeExchange account at 0.04 $ per round-turn. Fill is as instant as LMAX and the quotes are exactly matched. The way I figure it, if LMAX goes tits-up, so does Armada. I think this is currently the best retail deal around (spreads and execution, position size flexibility...
All that is kind of superfluous in my opinion, just have some scripts coded the way you want things setup and run them with hotkeys is best i find.

Edit: Do you know what kind of execution speed you are getting by the way?
Quoting rooicol
All that is kind of superfluous in my opinion, just have some scripts coded the way you want things setup and run them with hotkeys is best i find.

Edit: Do you know what kind of execution speed you are getting by the way?
Feels exactly the same as LMAX, so 20ms I guess. I click my market entry panel on buy or sell and it gets filled. No delays.

http://www.primexm.com/index.html

The Visual Trader plug-in is better than a hotkey. You can set all sorts of parameters and save them as templates. At £40 for a lifetime license it's the best value I could find. It's about what a coder charges per hour?
Hi Jfk,

could you give the link for this visual trader plug in solution please ?

thanks in advance
ΕΣΟ ΕΤΟÎΜΟΣ
Quoting trader65
Hi Jfk,

could you give the link for this visual trader plug in solution please ?

thanks in advance
Sure,

http://www.the-forex-strategy.com/in...rading-console
Not sure if it's bad or good for LMAX: http://forexmagnates.com/goldman-ditches-lmax/
With the new direction LMAX has been taking after the new CEO's arrival, I don't blame GS for ditching it. It's no longer a good bet.
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