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

Quoting 666
Don't worry.
You can donate the rest of your money to the banks on Monday.
you are exactely the example of ................
Quoting 666

I will stay where I belong, at my futures broker and trade the micro euro with one pip spread and no slippage.
BTW, when did you look at the micro futures volume last time? With the liquidity CME provide you with you can hardly trade them.
Quoting ns_karthik
if anyone is interested in trading with LMAX, with their ultra tight spreads and low charges(euro has an average spread of 0.4 pips opposed to more than 1.5 pips at most brokers), send me a PM....

What deal you have ?
Quoting Marv
People of ForexFactory,

MT4 is by design not suitable for real ECN/Exchange environments. So called "MT4 bridges" are mere workarounds and not solutions to this. If you want the real thing, avoid MT4.

Thank you & good day.

(MT4 facts like this should be all written in one thread and stickied or something so that everybody can see it. I'm too lazy to do it.)
Very well spoken...

MT4 was designed by Russian crooks ...eh...programmers to rip off clients..
Quoting Marv

Soon I am going to be testing non-MT4 access to LMAX through Armada. The execution quality should be the same as when trading directly through LMAX. If it's not (which would mean something is wrong with Armada) I will share my experience.

Keep us updated !
ok, here we go...i just finished a deal with lmax (on a totally different aspect) a week ago....i usually lurk around FF where i have been a member for long and so this thread struck me when i was looking around yesterday...lemme speak to them and see what is the best offer i can get for you guys, purely cos i thought i would help....i will talk to them on Monday and let u guys know...

as for those looking to scalp, it pays to be as close to the servers as possible and communicate thru a means where the communication time is kept to the minimum....so those who want to trade seriously and want to scalp, look for a broker/mtf or whatever that gives low spreads and also trade thru APIs and progrms rather than thru MT4....this is what i feel knowing both the trading and brokering side of things...

u can compare spreads across various brokers here

http://www.myfxbook.com/forex-broker-spreads
Would be interesting what kind of commission lmax offers to IBs. Probably depends on how much volume they bring in. Aramada charges $20 and apparently still makes some money, so lmax gets significantly less than the $20 from Armada trades. Question is how much less. Guessing its only worthwhile if you are able to get a lot of clients trading through your IB. Then again, the only expenses such an IB has is to basically maintain a website.

If an IB makes $5 per million (probably on the high side), your clients need to trade a billion to make $5K.
Quoting ns_karthik
ok, here we go...i just finished a deal with lmax (on a totally different aspect) a week ago....i usually lurk around FF where i have been a member for long and so this thread struck me when i was looking around yesterday...lemme speak to them and see what is the best offer i can get for you guys, purely cos i thought i would help....i will talk to them on Monday and let u guys know...

as for those looking to scalp, it pays to be as close to the servers as possible and communicate thru a means where the communication time is kept to the minimum....so...

Maybe you can give some idea about the commissions a professional account of + 250K should be able to get based on volume...
Quoting Cocoflanel
Maybe you can give some idea about the commissions a professional account of + 250K should be able to get based on volume...
not sure as i need to check but it should be anywhere between $18-$22 per side per million....so if u trade standard lots of 100k size, that would be around $2.2 one side per 100k lot....
Quoting ns_karthik
not sure as i need to check but it should be anywhere between $18-$22 per side per million....so if u trade standard lots of 100k size, that would be around $2.2 one side per 100k lot....
Dnt u think the more round turns u make the cheaper it should get?
Quoting Aeiou
Dnt u think the more round turns u make the cheaper it should get?
yep it should and it will...but unless they know what ur volume is, they cant afford to slash rates...so they start with the max and then, like any others, i guess they would reduce it depending on the volume that u do.....
Quoting Cocoflanel
Very well spoken...

MT4 was designed by Russian crooks ...eh...programmers to rip off clients..
Depends!

If u are a swing trader or position trader
It dosent really mather , except u need the 50+
dollars u might lose on a bad fill,

Even if u scalp , and i dont mean 1-5 pips
Thats just rediculus on FX ,,, ido scalps for at least
20+ pips ... Even then the money umight let on the table
Well is just a price u have to pay!!!

And as long as u have the entry right , u shouldnt be concerend
Of tricks played by your broker......

Afterall its just a mather of how u mangae ur open position
It might be just the greedy me but I don't care if i drop a yard or a micro - if some filthy broker obviously scams me of 50 bucks each trade or 100 round-turn I'd rather give that to the next bum on the street for some booze. He deserves it more that is for sure. It's so funny... people are like "wtf do i care if i loose a pip aka 50$ in a trade where i do 100 pips". When cashier at the supermarket accidentally gives them back 1 cent less they freak out...

If someone decides where 100 bucks of my money go no matter if it was from 200 or 2 bln at the beginning then it's me and not some scum broker.

If you don't care about money remember that the next time and give some decent tip to the friendly cashier, waiter or whoever deserved it through their actions and make their day.

Quoting Aeiou
Depends!

If u are a swing trader or position trader
It dosent really mather , except u need the 50+
dollars u might lose on a bad fill,

Even if u scalp , and i dont mean 1-5 pips
Thats just rediculus on FX ,,, ido scalps for at least
20+ pips ... Even then the money umight let on the table
Well is just a price u have to pay!!!

And as long as u have the entry right , u shouldnt be concerend
Of tricks played by your broker......

Afterall its just a mather of how u mangae ur open position
Quoting Marv
I'd say about 0.3 pips on average. I don't have enough data though, and won't have it as I'll be switching from MT4 execution to API sometime next week.
Thanks keep us updated on the direct api slippage with your trading style.
everything has been top notch from fills,to closes .taking part of trade off found no broker better a joy to trade lmax
student
ok then...its official.....$1000 minimum deposit and $2.5 per side per 100k traded....can be less based on volume.....
Yes well.. an IB without an existing client base probably lacks negotiating power. If you could tell them you bring in X clients who do Y volume per month, it would probably be different. Chicken/egg problem i guess.
Sounds great but how is that different from what is being offered here http://www.fxmtf.com/en/trading/
Quoting unknown4x
It might be just the greedy me but I don't care if i drop a yard or a micro - if some filthy broker obviously scams me of 50 bucks each trade or 100 round-turn I'd rather give that to the next bum on the street for some booze. He deserves it more that is for sure. It's so funny... people are like "wtf do i care if i loose a pip aka 50$ in a trade where i do 100 pips". When cashier at the supermarket accidentally gives them back 1 cent less they freak out...

If someone decides where 100 bucks of my money go no matter if it was from 200 or 2...
Well if u really woried about losing some cash here and there
Then u have to do your dudilligence on finding a broker or IB where u
Are happy

Besides that iam one of the people ho w gives way more tips then average joe
where even the cashier or waiter , looks at me wondering if i know
That this amount is wayyyy above what it really costs
Quoting global3
Sounds great but how is that different from what is being offered here http://www.fxmtf.com/en/trading/
PrimeXM bridge and th OP is PrymeTyme lol
FF.com nice advertising platform, wonder if th op
Sees some cash
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