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LMAX = revolution?!?

  • #881
  • May 25, 2012 4:49am May 25, 2012 4:49am
Quoting Trader131
Hey guys. I don't know coco but can understand his enthusiasm for LMAX. I'm not paid by them either, but am very happy with the speed of execution and service using their web platform. I can't speak for MT4 as I haven't tried it yet. I suppose it's just unusual for to have positivity about a broker...
I would agree with you here but one thing is to be enthusiastic about something and another is to aggressively promote a company being rather rude to those who has some concerns about it. You know this kind of dialogue: "well I'm not sure about this and that." "What???You're not sure???You're just noob, you know nothing about trading,go and stick to your bucketshop"..but in reality this very same person doesn't know what the prime broker is. He suggests somebody to open an account with LMAX instead of looking for PB telling that LMAX is much better You know, I've been working for years for companies like Traiana, Deutsche Bank etc and what can I say...well, yes I'm a noob
  • #882
  • May 25, 2012 4:59am May 25, 2012 4:59am
Ok, so maybe he was presumptive with you. Just kiss and make up will you!
I suspect that your suspicions or "accusations" about LMAX got him riled a bit as of all the brokers I have tried they are the least dodgy. They offer something very different from the majority, and with a relatively small deposit.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #883
  • May 25, 2012 5:06am May 25, 2012 5:06am
Quoting ForexQuant
The spread of CADJPY on Armada demo account widen to 16pips after the CAD retail sales announcement and last for 16minutes. Can anyone confirm whether this is happened on live account too?

Yes I can confirm CAD/JPY at newstimes has an unbelievably high spread, from 15-30 pips. This seems to only happen with CAD/JPY however so for US news events I simply trade AUD/JPY as its spread stays below 5 pips. Not sure why CAD/JPY spreads react this way but do know when I first signed up with Armada for a live account they didn't even carry the CAD/JPY instrument.
  • #884
  • May 25, 2012 5:08am May 25, 2012 5:08am
Quoting Mtf
Actually that is not correct. LMAX's minimum trade size is 1,000 units (i.e. a micro-lot).

Are microlots available for a postionsize <10,000 units? Because Fastbrokers says:

Quote
Allow microlots increments over 10,000 BCUs. For Example, you can trade 17,000 BCUs ( 1 mini and 7 micro lots).
  • #885
  • May 25, 2012 5:15am May 25, 2012 5:15am
Hi LEX may I please ask how do you find the execution speed with Armada please? thank you

Quoting LEXngton
Yes I can confirm CAD/JPY at newstimes has an unbelievably high spread, from 15-30 pips. This seems to only happen with CAD/JPY however so for US news events I simply trade AUD/JPY as its spread stays below 5 pips. Not sure why CAD/JPY spreads react this way but do know when I first signed up with Armada for a live account they didn't even carry the CAD/JPY instrument.
Tracking the Specialists.
  • #886
  • May 25, 2012 5:42am May 25, 2012 5:42am
Quoting derwisch
Are microlots available for a postionsize <10,000 units? Because Fastbrokers says:
You can trade 0.1 (1000 units) on the webplatform, i dont know about FastBroker or MT4.
  • #887
  • May 25, 2012 6:21am May 25, 2012 6:21am
Quoting derwisch
Are microlots available for a postionsize <10,000 units?
Yes - you can trade in increments of microlots, and the minimum trade size is a microlot.
  • #888
  • May 25, 2012 6:32am May 25, 2012 6:32am
Quoting shrike
You can trade 0.1 (1000 units) on the webplatform, i dont know about FastBroker or MT4.
On LMAX MT4 the minimum trade size is a microlot (1,000 units). Don't know about FastBroker..
  • #889
  • May 25, 2012 6:48am May 25, 2012 6:48am
Quoting Marv
Lame commissions. Armada is better. Better regulation than Armada though.
fxmtf (PK Investment Services Limited) is not regulated by FSA.
I think that they aren't regulated at all. It is Polish operations and I can't find any sign of regulation on its web site.
Marv, you should read more carefuly their Regulatory notice on its front page.
:: everything is awesome ::
  • #890
  • May 25, 2012 6:56am May 25, 2012 6:56am
Quoting Black Fox
fxmtf (PK Investment Services Limited) is not regulated by FSA.
I think that they aren't regulated at all. It is Polish operations and I can't find any sign of regulation on its web site.
Marv, you should read more carefuly their Regulatory notice on its front page.
PK Investment Services Limited is only an introducer of business (Marketing Partner) to LMAX. They will not have access to LMAX client accounts, and any client opening an account with LMAX through PK Investment Services Limited will not be depositing funds with PK Investments Services Limited, but with LMAX directly.

So in this sense, they do not really need to be regulated..
  • #891
  • May 25, 2012 7:13am May 25, 2012 7:13am
Quoting Mtf
PK Investment Services Limited is only an introducer of business (Marketing Partner) to LMAX. They will not have access to LMAX client accounts, and any client opening an account with LMAX through PK Investment Services Limited will not be depositing funds with PK Investments Services Limited, but with LMAX directly.

So in this sense, they do not really need to be regulated..
Exactly. My understanding was that you're just getting LMAX regulation.
  • #892
  • May 25, 2012 9:23am May 25, 2012 9:23am
first day trading with lmax,the bollox
student
  • #893
  • May 25, 2012 9:31am May 25, 2012 9:31am
Warning guys ........lmax closed my 2 short euro positions with a spike untill 1.27389 at 12.10.31 of today NY time.......the market never went at this price.......the max high today was 1.26020 ......let see if they put again in my account if not i go to find them in london and you''ll some news from nwespaper..........this is scam.......
  • #894
  • May 25, 2012 9:52am May 25, 2012 9:52am
i am trying out armada markets on demo...is this one of these scam brokers hunting for clients stops?

this huge spike on the last candle is not confirmed by my other 4 brokers weither live or demo

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  • #895
  • Edited 10:13am May 25, 2012 10:03am | Edited 10:13am
i have many real data providers and also trade station andf IQ feed and this spike dasn't exist ...this is a scam......the hight maximum for today is 1.26020 ...........
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  • #896
  • May 25, 2012 10:07am May 25, 2012 10:07am
Get on to them straight away. They should refund you- I can see an erroneous spike on my web platform too. It shouldn't happen- I'm sure they'll cancel it- if not let us know on here.
There is no top. There are always further heights to reach. Jascha Heifetz
  • #897
  • May 25, 2012 10:13am May 25, 2012 10:13am
Quoting gioviforex
i have many real data providers and also trade station andf IQ feed and this spike dasn't exist ...this is a scam......the hight maximum for today is 1.26020 ...........
I saw the spike as well off of LMAX feed. What I was told FROM Armada is that LMAX will make good to any trader that was erroneously effected by the spike.

I think it was a bad feed not some scam as it is way to big of a spike. Bucket shops use much smaller spikes and/or widen the spread close to stops or major support/resistance areas...

This looks like a technical glitch.
Traderdesk -
  • #898
  • May 25, 2012 10:16am May 25, 2012 10:16am
Guys i'll inform you if they credit again in my account.....i am waiting a call from them.......
  • #899
  • May 25, 2012 10:52am May 25, 2012 10:52am
Quoting Mtf
Actually that is not correct. LMAX's minimum trade size is 1,000 units (i.e. a micro-lot).

All the misinformation on this board....
  • #900
  • Edited 11:13am May 25, 2012 11:02am | Edited 11:13am
Quoting Trader131
Hey guys. I don't know coco but can understand his enthusiasm for LMAX. I'm not paid by them either, but am very happy with the speed of execution and service using their web platform. I can't speak for MT4 as I haven't tried it yet. I suppose it's just unusual for to have positivity about a broker...

Glad you understand my feelings... and this is coming from someome who registered in 2009 ...

I made my first post in the LMAX thread after I made more than 200 posts in FF , here you look it up ..
http://www.forexfactory.com/search.p...582859&page=11

If you don't like LMAX for whatever reason , the just go to the exchange for adults....
http://www.cmegroup.com/trading/fx/f...uivalents.html
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