You can donate the rest of your money to the banks on Monday.Ignored
LMAX and Fastbrokers 20 replies
LMAX? Anyone Trade With Them Here? 12 replies
Information about LMAX? 2 replies
I will stay where I belong, at my futures broker and trade the micro euro with one pip spread and no slippage.Ignored
Dislikedif 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....Ignored
DislikedPeople 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.)Ignored
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.Ignored
Dislikedok, 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...Ignored
DislikedMaybe you can give some idea about the commissions a professional account of + 250K should be able to get based on volume...Ignored
Dislikednot 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 $2.2 one side per 100k lot....Ignored
DislikedDnt u think the more round turns u make the cheaper it should get?Ignored
DislikedVery well spoken...
MT4 was designed by Russian crooks ...eh...programmers to rip off clients..Ignored
If u are a swing trader or position trader
It dosent really mather , except u need the 50+
dollars u might lose on a bad fill,
Even if u scalp , and i dont mean 1-5 pips
Thats just rediculus on FX ,,, ido scalps for at least
20+ pips ... Even then the money umight let on the table
Well is just a price u have to pay!!!
And as long as u have the entry right , u shouldnt be concerend
Of tricks played by your broker......
Afterall its just a mather of how u mangae ur open positionIgnored
DislikedI'd say about 0.3 pips on average. I don't have enough data though, and won't have it as I'll be switching from MT4 execution to API sometime next week.Ignored
DislikedIt might be just the greedy me but I don't care if i drop a yard or a micro - if some filthy broker obviously scams me of 50 bucks each trade or 100 round-turn I'd rather give that to the next bum on the street for some booze. He deserves it more that is for sure. It's so funny... people are like "wtf do i care if i loose a pip aka 50$ 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...Ignored