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LMAX = revolution?!?

  • #1,101
  • Jun 2, 2012 11:15pm Jun 2, 2012 11:15pm
Quoting Cocoflanel
That's the same commissions lmax offer but with lower deposit...where do I sign up ?
as i said, i can get u way cheaper charges once we know what volume u r going to generate....in other words, lmax says 'show us what u can do for us and we will show u what we can do for you'...:-)...

u can sign up here
http://www.lmax.com/apply-for-an-account

but u need to tell me ur name so that i can recommend good rates for u guys...PM me ur names...
  • #1,102
  • Jun 2, 2012 11:18pm Jun 2, 2012 11:18pm
Quoting global3
Sounds great but how is that different from what is being offered here http://www.fxmtf.com/en/trading/
well, u can try signing up there...its not a direct acct with lmax and there is no way u can negotiate lower rates irrespective of ur volume...i am someone who is well know in lmax and FF and so u have someone to ask if something happens....if u sign up using that link, u dont know whom to ask if something goes wrong or if u want better rates...

as i said, u can sign up thru anywhere...thats upto u...
  • #1,103
  • Jun 3, 2012 5:12am Jun 3, 2012 5:12am
So what sort of volume does one need to do to get lower rates? 50m? 100m? 500m?
  • #1,104
  • Jun 3, 2012 5:28am Jun 3, 2012 5:28am
Quoting shrike
So what sort of volume does one need to do to get lower rates? 50m? 100m? 500m?
this is a very hypothetical and open question....i have seen them going down to $1.5 per side per 100k contract but that is for very high volumes over 500m....so unless u open an acct and show them what u can do, there cannot be any specific answer to this question....
  • #1,105
  • Jun 3, 2012 8:00am Jun 3, 2012 8:00am
If anyone is in any doubt about MT4 regardless of which broker you use this vid is essential viewing.

Inserted Video
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #1,106
  • Jun 3, 2012 9:22am Jun 3, 2012 9:22am
Hello,

the most readers missed to get the sense of my posts.

It was always my greatest wish to have a currency spot exchange. There is slippage when trading futures, but sometimes to my favour. On MT4 always against me. It is not OK to be sceptical? Beeing sceptical saved me a lot of money in the last three years. I also never wanted to offend a single retail traders. So I am sorry I was just defending myself. I was just telling my opinion. I have seen many trends in the last few years like collectivefx (which was good at the beginning), finodds anonymous trading (which was good at the beginning), MT4-ecn (won the contest with ecnalpha, they cancelled all my withdrawals, never get a single cent, just lost a lot of time). But I want to see the advantage of lmax with my own eyes. I missed to deposit 1,000$ when it was allowed, so now 10,000$ is really critical just to test them.

So, peace.

MT4-Armada is not the deal for me. I would never deposit more than 100$ with a MT4-Broker. I am doing position trading at the moment. I want to scalp. Scalping with micro currency futures is really expensive (2 times 1.25$ for fees plus 1-2 ticks spread).

I hope that Lmax is the real deal. Trade well, have a great time. And again: peace. I really don't like quarrel.
  • #1,107
  • Jun 3, 2012 9:58am Jun 3, 2012 9:58am
Quoting 666
Hello,

the most readers missed to get the sense of my posts.

It was always my greatest wish to have a currency spot exchange. There is slippage when trading futures, but sometimes to my favour. On MT4 always against me. It is not OK to be sceptical? Beeing sceptical saved me a lot of money in the last three years. I also never wanted to offend a single retail traders. So I am sorry I was just defending myself. I was just telling my opinion. I have seen many trends in the last few years like collectivefx (which was good at the beginning),...

Same here. Lets see what ns_karthik is up to with his $1000 lmax direct deal.
  • #1,108
  • Jun 3, 2012 9:59am Jun 3, 2012 9:59am
Quoting shrike
So what sort of volume does one need to do to get lower rates? 50m? 100m? 500m?
You can probably orientate yourself at the official dukas commission list:

http://www.dukascopy.com/swiss/engli...ission-policy/
  • #1,109
  • Jun 3, 2012 10:22am Jun 3, 2012 10:22am
Quoting yoursong
Same here. Lets see what ns_karthik is up to with his $1000 lmax direct deal.
i am surprised that i did not notice this thread b4....anyway, we already have had a couple of accts opened thru me from FF over the past couple of days...lets see how things go....
  • #1,110
  • Jun 3, 2012 10:56am Jun 3, 2012 10:56am
Quoting ns_karthik
i am surprised that i did not notice this thread b4....anyway, we already have had a couple of accts opened thru me from FF over the past couple of days...lets see how things go....
Nice. Looking forward to it.
  • #1,111
  • Jun 3, 2012 11:19am Jun 3, 2012 11:19am
Quoting yoursong
Same here. Lets see what ns_karthik is up to with his $1000 lmax direct deal.
If NS Karthik is a partner of Lmax he/she will receive $250 for each successful referral I think.
http://partners.lmax.com/commissions
Once You See, You Can't Unsee But You Will Get The Odd Poke In The Eye
  • #1,112
  • Jun 3, 2012 2:03pm Jun 3, 2012 2:03pm
Quoting Stu Effex
If NS Karthik is a partner of Lmax he/she will receive $250 for each successful referral I think.
http://partners.lmax.com/commissions
Wow, unbelievable!!! I thought he's an altruist It's clear he won't do it for free.
  • #1,113
  • Jun 3, 2012 2:32pm Jun 3, 2012 2:32pm
Quoting liopro
Wow, unbelievable!!! I thought he's an altruist It's clear he won't do it for free.
I think he simply registered as affiliate / ib and it seems that those have different requirements for deposits than the official lmax. Like that lmtf whatever co.uk thing there provides you with direct lmax web access starting at $1000 deposit and armada full lmax access starting at $5000.

Does ns_karthik provide API access? If yes whatever he gets on commissions is worth the deal - if he just hooks you up with pure web access he is not telling the whole story and simply registered as affili/ib and makes some bucks of you.

LMAX probably wants all the liquidity they can get if you ask me especially the small retailers. Nothing better for them since that provides them with a constant flow of small orders since retailers are notoriously overtrading + not respecting levels whatsoever so their small orders are all over the place -> perfect for lmax. They want to look serious though so accepting $1k clients doesn't look good on the page -> ergo allow the affilis/IBs to accept direct lmax retailers with minimal deposit requirements and still look like the big professional dog.
  • #1,114
  • Jun 3, 2012 2:34pm Jun 3, 2012 2:34pm
So ns_karthik do you provide a full lmax classic account with $1000 deposit along the whole things like web AND api access?
  • #1,115
  • Jun 3, 2012 2:38pm Jun 3, 2012 2:38pm
In my opinion (and according to forum rules) you're supposed to be clear about it if you're providing a forex-related service with intent of making money.

I'm notifying the admin about this. ns_karthik should at least obtain a "commercial member" status.

Not trying to be a dick or anything, this is just for the sake of transparent and unbiased discussion.
  • #1,116
  • Jun 3, 2012 3:00pm Jun 3, 2012 3:00pm
This guy has some shaddy history here on Forex Factory.
Just read first few pages of this thread:
http://www.forexfactory.com/showthread.php?t=240177
:: everything is awesome ::
  • #1,117
  • Jun 3, 2012 3:00pm Jun 3, 2012 3:00pm
Quoting Marv
In my opinion (and according to forum rules) you're supposed to be clear about it if you're providing a forex-related service with intent of making money.

I'm notifying the admin about this. ns_karthik should at least obtain a "commercial member" status.

Not trying to be a dick or anything, this is just for the sake of transparent and unbiased discussion.
I think that LMAX for some reason is trying to overshadow its intents. A couple of weeks ago I've received an email from them stating that if I click the link in the body of the mail I'll get an account opened with as little deposit as 1,000$. When I contacted them asking about it they told me that there weren't them but some of IBs. But when I clicked this link I was routed to LMAX's contact form. So they probably try to get small retail clients but don't want this activity to be associated with them. Hence the guy here in this thread.
  • #1,118
  • Jun 3, 2012 4:22pm Jun 3, 2012 4:22pm
Quoting Black Fox
This guy has some shaddy history here on Forex Factory.
Just read first few pages of this thread:
http://www.forexfactory.com/showthread.php?t=240177
I believe they call that, owned.

Seriously guys, either go direct to LMAX or don't bother!

If you can't afford the deposit, save up, if you can't save up, tough - such is life.
"I made all my money by selling too soon"
  • #1,119
  • Jun 3, 2012 5:57pm Jun 3, 2012 5:57pm
Quoting Black Fox
This guy has some shaddy history here on Forex Factory.
Just read first few pages of this thread:
http://www.forexfactory.com/showthread.php?t=240177
Already contacted Twee. He should take care of him/her.

As I said, I don't have a problem with brökers having referring/IB programs (though I do prefer if they just gave their best offers to everybody, but who's gonna listen to me? lol). What I have a problem with is posters running around with commercial agendas without even some statement or title that shows what it is exactly they're doing.
  • #1,120
  • Jun 3, 2012 6:19pm Jun 3, 2012 6:19pm
Quoting Bleek
I believe they call that, owned.

Seriously guys, either go direct to LMAX or don't bother!

If you can't afford the deposit, save up, if you can't save up, tough - such is life.

I dont know - i have a direct account too, but if an IB offers better commissions i dont think there is anything wrong with it, as long as lmax holds the money. Its still as 'direct' as when you sign up on the lmax website.
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