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Integral's TrueFX. Any info?

  • #1
  • First Post: Jun 10, 2012 5:25pm Jun 10, 2012 5:25pm
Guys, does anyone know anything about it? Here's the website: http://www.truefx.com
Basically they're a kind of Integral aggregator for retail market. At least they say so. They partnered with several brokers who provide an access to their quotes and liquidity. Now, the question is whether somebody had an experience with one of their partners or Integral themselves. I've heard some good things about them. There're traders who claims Integral is better then let's say Currenex. Anyway, if anyone can share his/her experience that will be great.
  • #2
  • Jun 11, 2012 7:33am Jun 11, 2012 7:33am
It's the best ecn available for retail/small traders.
  • #3
  • Jun 11, 2012 7:45am Jun 11, 2012 7:45am
Quoting jagui
It's the best ecn available for retail/small traders.
Yeah, I believe so. The problem is that their partners are not the best brokers out here
  • #4
  • Jun 11, 2012 9:43am Jun 11, 2012 9:43am
TrueFX isn't quite a broker, just a technology demo for their PowerTrader platform and one option for their data feed.

It's a great place to get tick data though! People pay hundreds for what TrueFX provides for free...
FXGears.com
  • #5
  • Jun 11, 2012 9:49am Jun 11, 2012 9:49am
Quoting Jack_Larkin
TrueFX isn't quite a broker, just a technology demo for their PowerTrader platform and one option for their data feed.

It's a great place to get tick data though! People pay hundreds for what TrueFX provides for free...
I didn't say it's a broker,mate What I've said is they do white label their retail system(which looks quite nice btw), but the set of the brokers who partners with them is quite small. And speaking about reputation there're only 2 of them which are well established. Funny enough, a lot of people speak here about ECNs and stuff but it seems that none of them/us has been trying this solution
  • #6
  • Jun 11, 2012 10:06am Jun 11, 2012 10:06am
Quoting liopro
I didn't say it's a broker,mate What I've said is they do white label their retail system(which looks quite nice btw), but the set of the brokers who partners with them is quite small. And speaking about reputation there're only 2 of them which are well established. Funny enough, a lot of people speak here about ECNs and stuff but it seems that none of them/us has been trying this solution
You can get one type of Integral feed from a few brokers under MT4.. as Integral provides a bridge. I've been using one broker that does this for a while now and I'm very happy with it.

Also, keep in mind that one broker's Integral feed isn't always exactly the same as another... Integral provides solutions for the aggregation of quotes from multiple sources, and some brokers pick a different assortment of sources... so personally I've noticed 0.1-0.2 pip differences at times between different Integral broker feeds. There's a lot of info on how this all works on Integral's main site.
FXGears.com
  • #7
  • Jun 11, 2012 10:09am Jun 11, 2012 10:09am
Quoting Jack_Larkin
You can get one type of Integral feed from a few brokers under MT4.. as Integral provides a bridge. I've been using one broker that does this for a while now and I'm very happy with it.

Also, keep in mind that one broker's Integral feed isn't always exactly the same as another... Integral provides solutions for the aggregation of quotes from multiple sources, and some brokers pick a different assortment of sources... so personally I've noticed 0.1-0.2 pip differences at times between different Integral broker feeds. There's a lot of info on...
i know pfgbest does this but i also think they mark up the spreads because integral spreads are super low.
  • #8
  • Jun 11, 2012 10:18am Jun 11, 2012 10:18am
Quoting PoundTrader
i know pfgbest does this but i also think they mark up the spreads because integral spreads are super low.
Can't speak for PGFBest.. since I don't watch their spread / quotes.

..but examples would be AxiTrader's Pro account or Pepperstone's Razor account. Both use MT4 and quote feed from Integral. I've noticed both these brokers are 0.1 pips more or less form TrueFX's quotes, usually on the tighter side of not exactly the same quote.
FXGears.com
  • #9
  • Jun 11, 2012 10:22am Jun 11, 2012 10:22am
Oh... PoundTrader, I forgot you're in the US...

Sorry, I don't know of any brokers there that do Integral's MT4 bridge with raw quotes. :/
FXGears.com
  • #10
  • Jun 11, 2012 10:25am Jun 11, 2012 10:25am
What I've noticed today is that this NZ broker (RoboFX I believe) apparently marks the spread up. I've opened their PT demo and noticed that they widen spread by almost 0.5 pips while Pepperstone shows even lower spreads than TrueFX. Unfortunately Pepperstone doesn't offer PT but MT4 only.
  • #11
  • Jun 11, 2012 10:26am Jun 11, 2012 10:26am
Quoting liopro
What I've noticed today is that this NZ broker (RoboFX I believe) apparently marks the spread up. I've opened their PT demo and noticed that they widen spread by almost 0.5 pips while Pepperstone shows even lower spreads than TrueFX. Unfortunately Pepperstone doesn't offer PT but MT4 only.
Pepper charges a commission.. does RoboFX also charge a commission atop of their padded spread?

If not, the total cost might be about the same.
FXGears.com
  • #12
  • Jun 11, 2012 10:32am Jun 11, 2012 10:32am
Quoting Jack_Larkin
Pepper charges a commission.. does RoboFX also charge a commission atop of their padded spread?

If not, the total cost might be about the same.
Yes they do Even though their comms are 0.5$ less than Pepper ones but still...So you trade with them live and you're happy. Good to know.
  • #13
  • Jun 12, 2012 10:57am Jun 12, 2012 10:57am
Pepperstone and FinFx are both excellent brokers.
  • #14
  • Jun 12, 2012 11:09am Jun 12, 2012 11:09am
Quoting jagui
Pepperstone and FinFx are both excellent brokers.
There're problems with them. Pepper offer nothing except of MT4, hence you have no market depth, DOM etc. FinFX are not regulated at all.
  • #15
  • Jun 12, 2012 11:18am Jun 12, 2012 11:18am
Quoting liopro
There're problems with them. Pepper offer nothing except of MT4, hence you have no market depth, DOM etc. FinFX are not regulated at all.
These are informations, not problems.
  • #16
  • Jun 12, 2012 11:22am Jun 12, 2012 11:22am
Quoting liopro
There're problems with them. Pepper offer nothing except of MT4, hence you have no market depth, DOM etc. FinFX are not regulated at all.
To be fair, market depth is only useful to see if your order size can be filled at the given quote without slipping to the next quote (which in most cases it can since few people here swing 30+million in a single order.)

The use of a DOM for judging S/R and such is pointless in spot FX since the market isn't centralized and there's no mandated volume reporting.

Heck, the banks quite often don't post their large orders or intents for the world to see... smaller orders sure, as well as orders that are apart of liquidity providing activity, but any order of size which would 'of interest' to see in the DOM would be handled manually or non-posted (hidden.)

In other words, the posted orders you'd see on PowerTrader is just a fraction of what's really going on between the LPs on Integral's feed, and even if the intent of the participating LPs on Integral's feed were to be captured in their entirety, it would still only be a small fraction of the total spot market activity across all venues.

So beyond just using it as a tool to make sure the quote can take your order... the DOM is a great marketing tool to hook traders who are coming from other markets where central order books and volume reporting are common.

Just saying.
FXGears.com
  • #17
  • Jun 12, 2012 11:41am Jun 12, 2012 11:41am
Quoting Jack_Larkin
To be fair, market depth is only useful to see if your order size can be filled at the given quote without slipping to the next quote (which in most cases it can since few people here swing 30+million in a single order.)

The use of a DOM for judging S/R and such is pointless in spot FX since the market isn't centralized and there's no mandated volume reporting.

Heck, the banks quite often don't post their large orders or intents for the world to see... smaller orders sure, as well as orders that are apart of liquidity providing activity, but...
I do agree with you, Jack. However I think market depth could be very helpful sometime. I personally don't intend to use DOM at all. But it still could be convenient for some people trading off it. What really bothers me is the speed of execution and a lot of disconnection which I experience with MT4. Bridge,MT4 server...quite a long journey you know.
  • #18
  • Jun 12, 2012 3:26pm Jun 12, 2012 3:26pm
Their pricefeed is not even close to what they claim. When they started i compared to it several others and hands down it sucked. My personal opinion.
  • #19
  • Jun 12, 2012 3:28pm Jun 12, 2012 3:28pm
Quoting unknown4x
Their pricefeed is not even close to what they claim. When they started i compared to it several others and hands down it sucked. My personal opinion.
Who's feed? What sucked about it? What wasn't close?
FXGears.com
  • #20
  • Jun 12, 2012 3:28pm Jun 12, 2012 3:28pm
Quoting unknown4x
Their pricefeed is not even close to what they claim. When they started i compared to it several others and hands down it sucked. My personal opinion.
Who do you mean? TrueFX or Pepperstone?
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