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LMAX = revolution?!?

  • #921
  • May 27, 2012 3:44am May 27, 2012 3:44am
If you don't have the money for direct lmax go with dukas. Otherwise going with a mt4 bridge (with some neat little plugins?) instead of direct lmax is just dumb as fuck. 1) You loose the major lmax advantages 2) you might gain some stuff that you wanted to circumvent in the first place (hint... pluuuuggins) Also if one thinks lmax is going to pay the commissions that it pays to those IBs out of its own pocket... think again.

So going with any of those shady mt4 shops is just madness.

And please... start to think a bit... just because someone is "regulated" in cyprus, eastern europe etc i wouldn't really call that proper regulation... Eastern europe "regulates" things a bit different than the rest of the world. I can assure you that.
  • #922
  • May 27, 2012 4:33am May 27, 2012 4:33am
Looks like the paranoid ranters are back
  • #923
  • May 27, 2012 4:38am May 27, 2012 4:38am
It's quite simple. Open up lmax besides any of those mt4 ibs and compare the ticks. They will not match at all. You are not getting what you think through any of those bridges.
  • #924
  • May 27, 2012 5:20am May 27, 2012 5:20am
Quoting unknown4x
Open up lmax besides any of those mt4 ibs and compare the ticks. They will not match at all
proof and screenshot please.
  • #925
  • Edited 6:29am May 27, 2012 5:48am | Edited 6:29am
Quoting duxis
proof and screenshot please.
I told you exactly how you can check it. Invest the 5 Minutes yourself. e.g. LMAX will have ticked like 10times before the here so popular A.... bridge even displayed one tick to you.

It is already technically impossible for a bridge especially MT to replicate LMAX.


By any means stay away from MT for execution. Not just because (in my personal opinion) 99% of those brokers will screw you and if its just for the half pip but primarily because MT is just not suited for proper fast execution. The whole server, connection model is not performant enough (in my opinion). And there are a few very good reasons why only bucketshops use MT.

And even if you use MT only for charting be careful. The moment your candle closes or reaches a price on MT your proper broker will already be at a much different price. e.g. take any MT broker you can find and open up a jforex terminal besides... Most of the time you candle close/open on MT will be >10secs later than any proper feed. If you keep your exec terminal open and just hit market order based on your MT charts you will already be late multiple pips most of the time especially if you are trading breakouts/momentum.

If you don't have to money go with Dukas or at last resort Oanda. But that's really the bottom of the line. If you got the money go with something like IB, CQG, etc. LMAX is fine too but with those spikes i don't see why you shouldn't be choosing e.g. IB. By all means also keep multiple pricefeeds. IB isn't really the best charting feed. Drop it. Use JForex or CQG as your charting feed and execute on IB for example. Same goes for LMAX. Always keep a 2nd feed next to LMAX as some here had to learn the hard way (spikes)...
  • #926
  • May 27, 2012 6:19am May 27, 2012 6:19am
Quoting unknown4x
LMAX is fine too but with those spikes i don't see why you shouldn't be choosing e.g. IB.
Are spikes a common occurrence at LMAX?
  • #927
  • May 27, 2012 7:38am May 27, 2012 7:38am
Quoting unknown4x
I told you exactly how you can check it. Invest the 5 Minutes yourself. e.g. LMAX will have ticked like 10times before the here so popular A.... bridge even displayed one tick to you.

It is already technically impossible for a bridge especially MT to replicate LMAX.


By any means stay away from MT for execution. Not just because (in my personal opinion) 99% of those brokers will screw you and if its just for the half pip but primarily because MT is just not suited for proper fast execution. The whole server, connection model is not performant...
When I've compared Armada with lmax, I've noticed that the quotes update marginally faster on armada's MT4/ prime platform v's the lmax web trader. I'm guessing this is due to the fact that my browser is not as fast as the bridge/ mt4 feed. My lmax account is the classic, but lmax state that update frequency is 'unlimited' on all accounts, so it can't be this. I have live accounts with armada and lmax and execution speed is exactly the same. Comparing Oanda to a true stp/dma exchange is apples v's oranges in my opinion.
  • #928
  • May 27, 2012 8:44am May 27, 2012 8:44am
Quoting Jfk
When I've compared Armada with lmax, I've noticed that the quotes update marginally faster on armada's MT4/ prime platform v's the lmax web trader. I'm guessing this is due to the fact that my browser is not as fast as the bridge/ mt4 feed. My lmax account is the classic, but lmax state that update frequency is 'unlimited' on all accounts, so it can't be this. I have live accounts with armada and lmax and execution speed is exactly the same. Comparing Oanda to a true stp/dma exchange is apples v's oranges in my opinion.
Where did i compare oanda to lmax? I clearly stated oanda is bottom of the line behind dukas (which still got the much better feed) and mentioned lmax with IB/CQG (which are actually another league than lmax).

As to armada that's a big joke. Simply run the lmax java api examples which display you the ticks and then the slow as ass mt4 bridge.

Not just that MT will always slow down ticks + bar opens (especially those) because of its design faults but it is even technically impossible for any bridge to be as fast as lmax directly. This is even more the case for all the bridges that operate their servers not near lmax. You got lmax -> mt bridge -> you round trip latency. And multiply that with whatever because of the slow as ass MT server/client model. So no bridge will ever (even if it would be 0 lagging - which it isn't) even close to the real deal as lmax itself is.

I'm not talking paranoia here as you suggested. Simple technical facts. You can argue about how much lag any mt4 bridge adds and if and how much they constantly defraud you (be it 0.1 pips) but you cannot argue that any bridge (or simple tcp proxy as it technically is) will always be slower.
  • #929
  • May 27, 2012 10:09am May 27, 2012 10:09am
Thanks for your sharing your comments and experience unknown4x, you mentioned IB/CQG, I am very interested can you please tell me more about these? thank you kindly
Tracking the Specialists.
  • #930
  • May 27, 2012 11:14am May 27, 2012 11:14am
CQG is a trading software vendor, not a broker.

And why would IB be in another league? You mean beacuse they are a big firm, or because they have superior service?

If you dont want 'slow' ticks, dont go with IB. They round to the nearest 0.5 pip incerement in the feed, but execute with 0.1 pip precision. If they didnt update it recently. And less than stellar roll rates too, btw (except for very big accounts).
  • #931
  • Edited 11:34am May 27, 2012 11:21am | Edited 11:34am
Quoting alstural
among recently registered so called "traders"

to my surprise nick Marv was among them (on this forum)

first i thought u are somehow paid for this

but now i do not know what to think
I'm just live testing them. No I'm not paid for this. If they ever start to play games, you can rest assured I'll give them hell like I did with some other brökers.

Will definitely be keeping my eyes open for the activity you mentioned. So far I haven't seen enough to actually raise a red flag.
  • #932
  • May 27, 2012 11:31am May 27, 2012 11:31am
Quoting unknown4x
If you don't have the money for direct lmax go with dukas.
I have live tested Dukascopy. That (Russian-owned btw ) company claims to have this huge liquidity network, but at the same time manages to have not so good spreads and bad slippage that never goes in your favor and doesn't reflect the great liquidity they claim to have. Hmmm...

I love their platform and Java API but the rest is pretty meh, if not question-raising (with no answers provided). No thanks, not a transparent company.
  • #933
  • Edited 12:43pm May 27, 2012 11:48am | Edited 12:43pm
Quoting Marv
I have live tested Dukascopy. That (Russian-owned btw ) company claims to have this huge liquidity network, but at the same time manages to have not so good spreads and bad slippage that never goes in your favor and doesn't reflect the great liquidity they claim to have. Hmmm...

I love their platform and Java API but the rest is pretty meh, if not question-raising (with no answers provided). No thanks, not a transparent company.
You are correct on all of those points but i would still take it over a shady MT4 IB anytime. (which does not apply to lmax direct which is totally fine with excellent spreads if liquidity is enough for you and you can live with the occasional spikes)
  • #934
  • May 28, 2012 3:25am May 28, 2012 3:25am
Quoting gioviforex
Guys i'll inform you if they credit again in my account.....i am waiting a call from them.......
FYI - LMAX cancelled the trades that have occurred due to the spike on Friday from the clients' accounts that have been negatively affected by it, but are letting clients that were positively affected to keep their trades & profits.
  • #935
  • May 28, 2012 4:02am May 28, 2012 4:02am
Quoting Mtf
FYI - LMAX cancelled the trades that have occurred due to the spike on Friday from the clients' accounts that have been negatively affected by it, but are letting clients that were positively affected to keep their trades & profits.


Yes , I am ok , i received rembursment on saturday night....
  • #936
  • May 28, 2012 10:26am May 28, 2012 10:26am
Appears to be much vitriol directed at the mt4 bridge. For the record, comparing live accounts, I have noticed no difference using armada and lmax side by side. Absolutely no quote latency or execution delay between the two. If anyone else also has live accounts with both outfits feel free to express opinion. If you have not got live accounts or are just mouthing off, then prove otherwise.
  • #937
  • May 28, 2012 10:30am May 28, 2012 10:30am
Quoting Mtf
FYI - LMAX cancelled the trades that have occurred due to the spike on Friday from the clients' accounts that have been negatively affected by it, but are letting clients that were positively affected to keep their trades & profits.
So basically they're paying those that were affected by the glitch from their pockets (which they should). Good to know.
  • #938
  • May 28, 2012 10:42am May 28, 2012 10:42am
Quoting Marv
Compared my Armada live account feed with the LMAX demo API feed. Absolutely no irregularities to report.

Will compare again a few more times over the next few days.
good work guys! keep them coming! more comparism is good for us,the traders!
  • #939
  • May 28, 2012 10:43am May 28, 2012 10:43am
Marv, you sound like experienced trader. Have you tried LCG, BaxterFX or VcapFX? They position themselves as a real deal broker but on the other hand LCG for example are ready to accept clients with 20K USD. The question is whether their liquidity,execution etc differ from lmax or let's say mbt. Cheers.
  • #940
  • May 28, 2012 11:02am May 28, 2012 11:02am
Quoting liopro
Marv, you sound like experienced trader. Have you tried LCG, BaxterFX or VcapFX? They position themselves as a real deal broker but on the other hand LCG for example are ready to accept clients with 20K USD. The question is whether their liquidity,execution etc differ from lmax or let's say mbt. Cheers.
I'm familiar with LCG's Currenex account. Definitely the real deal liquidity and execution wise. Also in terms of business size, I once knew somebody who had 1 mill deposited with them and could withdraw with no problems.

Vcap I never tried but knew somebody who has always been with them. They're also the real deal.

BaxterFX I personally don't know anything about.

Back to LCG, the LMAX execution quality is definitely comparable to LCG's imo, and their liquidity grew to that level recently. That's what's cool about it, you get that kind of environment but with lower requirements.

Both are better than MBT (in my humble and a bit outdated experience with MBT), so I'd choose any of these two over MBT.

Cheers
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