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LMAX = revolution?!?

  • #1,181
  • Jun 22, 2012 10:22am Jun 22, 2012 10:22am
Quoting Marv
Yeah, way too much in fees taking the Credit Card > Moneybookers > Armada route.

You can't deposit via Credit Card directly to Armada, they force you to go through MB which sucks because depositing to MB comes with % fees (not to mention the limitations) and then depositing from MB to Armada involves ANOTHER % fee.

For a $5000 deposit you end up paying like $200 just for a stupid deposit.

That's bullshit.
3-5% fee is pretty consistent for credit card funding, especially with foreign transactions (vs local cards). Usually there will be deposit bonuses or other incentives to help cover the fee, but the merchant does have a real cost (and risk) associated with accepting credit cards directly. Especially for a cash business like forex.

I'm sure with a profitable strategy, the client can make this back in weeks if not days. Focus more on the opportunity to sit at the table with a profitable strategy. Don't worry too much about fees in this sense; start trading the account up.

I do know that vantagefx has a local deposit option for many countries for deposits and withdraws. This saves big on wire deposits (and restrictions). I think GoMarkets will have it soon InstaForex has it but only a few countries (Thailand, Malaysia, etc).
Measure trends automatically with zero lag
  • #1,182
  • Jun 22, 2012 10:26am Jun 22, 2012 10:26am
Whats wrong with a wire-transfer anyways - within the EU its completely free..
  • #1,183
  • Jun 23, 2012 7:43am Jun 23, 2012 7:43am
Quoting shrike
Whats wrong with a wire-transfer anyways - within the EU its completely free..
not everyone is sending/receiving money within the EU. Different country's banking regulations add/reduce difficulty for sending money to/from the country via official bank channels. But when there is a will, there is a way.

But that is interesting that wires are free. is it SWIFT wires, or other form of electronic funds transfter. free swifts is pretty good deal for doing cross-border transactions. How soon do the wires get delivered? I would imagine same-day credit if done before a cutoff period?
Measure trends automatically with zero lag
  • #1,184
  • Jun 23, 2012 4:13pm Jun 23, 2012 4:13pm
ybj, here is the gist of it:

http://en.wikipedia.org/wiki/Single_Euro_Payments_Area

Its not same day - but the SEPA milestones get tightend up every year, so that it will be, sooner or later. If our ccy wont blow up in our face, that is.

At the moment its 2 to 3 business days if i am not mistaken.


P.S. apparently they are not free by definition, but they have to apply the same fees for international SEPA wires like for domestic wires. So it actually depends - at least i can do free wires to the UK.
  • #1,185
  • Jun 25, 2012 12:30pm Jun 25, 2012 12:30pm
Quoting ybfjax
not everyone is sending/receiving money within the EU. Different country's banking regulations add/reduce difficulty for sending money to/from the country via official bank channels. But when there is a will, there is a way.
This.

Not everybody lives in EU/UK/USA (yet for some reason we have to suffer their anti-money laundering/terrorism regulations in addition to our own retarded regulations).
  • #1,186
  • Edited 6:56pm Jun 25, 2012 1:02pm | Edited 6:56pm
Quoting Marv
This.

Not everybody lives in EU/UK/USA (yet for some reason we have to suffer their anti-money laundering/terrorism regulations in addition to our own retarded regulations).
All part of the master plan... The "big boys" plan. And some trying to counter it, or not, while abusing the system and the little guy...

1.
Inserted Video


2. http://www.zeitgeistthefilm.com/

3. http://www.tubeplus.me/player/1606135/Inside_Job/

4. http://video.google.com/videoplay?do...56453790090544

Just felt like throwing these in as part of the equation. Please keep an open mind...

I Myself am not implying anything. You be your own judge.
Fuck Forex Factory.Wake up people.
  • #1,187
  • Jun 26, 2012 1:52am Jun 26, 2012 1:52am
anyone trading with them in MT4 with a proxy server ? I'm firewalled at my company, and wondering if anyone knows their proxy server (for demo). And yes, I have sent an email to support(haven't responded yet)
Twitter: @forexpokerpro
  • #1,188
  • Jul 5, 2012 6:07am Jul 5, 2012 6:07am
Quoting Marv
Armada says its adding more liquidity providers on top of LMAX.

Sounds to me like they're trying to have the edge over any other LMAX IB's. Nice move.

The promised new gateway for less costly credit card payments is also up and running.

The not so good news is that I contacted them again about the API access and this time they said they're "not able to provide any deadlines with regard to API connection. As soon as we have it we will inform all of our clients."

Well it's taking too long. So I'll feel free to conclude that...
Depending on the latency to the broker's trading server, you can get 2-4 order tickets filled in 1 second if the broker is using market execution. I suppose if you are hyper aggressive that might not be enough, but for most retail traders this would be sufficient.
Measure trends automatically with zero lag
  • #1,189
  • Jul 5, 2012 6:42am Jul 5, 2012 6:42am
I would be a bit sceptical about Armadas new additional LPs - how is that supposed to work with an exchange model? Either everyone sees the additional liquidity displayed in the lmax book, or they are routing some orders to their new LPs directly. Which sort of nullifies the advantage of central ordermatching of an exchange.

And i suppose, if one of the Armada-specific LPs fills an order, the full commission goes to Armada (as opposed to having to pay lmax too) ? I'm not at all convinced this is an improvement for clients.
  • #1,190
  • Jul 5, 2012 1:59pm Jul 5, 2012 1:59pm
It is an improvement as far as I'm concerned, provided everything continues to work well (e.g. execution speed remains the same etc). I don't care how they do it or who gets the commissions and who doesn't.

I just remembered that FastBrokers does have a feature of using multiple liquidity providers besides LMAX, except they require you deposit a large amount for this, I think.
  • #1,191
  • Jul 6, 2012 3:47pm Jul 6, 2012 3:47pm
Quoting Marv
I just remembered that FastBrokers does have a feature of using multiple liquidity providers besides LMAX, except they require you deposit a large amount for this, I think.
It's a bit different. With Fastbrokers you can trade LMAX, Integral, or different Currenex feeds all in the same platform, but can only trade one at a time. For example if I want to trade EU I select which feed I want to take the quote from - it does not blend them together.

They do however have their own feed called ECN2, which I believe is probably a blend of all their feeds, and possibly what you speak of.

They are a great broker and their software Pathfinder one of a kind. If anyone wants to trade LMAX, this is the way to do it - forget Armada and all these brokers who use MT4. Metatrader is an outdated piece of junk.
Cap
  • #1,192
  • Jul 6, 2012 7:50pm Jul 6, 2012 7:50pm
Quoting Marv
Armada says its adding more liquidity providers on top of LMAX.

Sounds to me like they're trying to have the edge over any other LMAX IB's. Nice move.

The promised new gateway for less costly credit card payments is also up and running.

The not so good news is that I contacted them again about the API access and this time they said they're "not able to provide any deadlines with regard to API connection. As soon as we have it we will inform all of our clients."

Well it's taking too long. So I'll feel free to conclude that they simply...
I thought HFT was flash trading and arbitrage something that would be impossible for any retail trader to do anyway.

As a retail trader HFT to me means a latency of less than 100ms.
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  • #1,193
  • Jul 7, 2012 4:23am Jul 7, 2012 4:23am
Quoting Jfk
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.
Thankyou, this is exactly the reply I was looking for.
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  • #1,194
  • Edited 4:44am Jul 7, 2012 4:25am | Edited 4:44am
Quoting unknown4x
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...
We all know that the MT4 bridge is served by virtual dealer and we all know that some brokers set it to steal more pips than others. However most of us DO NOT care if our broker is taking 0.1 pips from us.

The advantages of the MT4 setup far outweigh the disadvantages, of course this is solely dependant on how they setup virtual dealer.

A lot of people here can't actually afford to go direct with LMAX, there are traders here from 3rd world countries who are starting out with $500 accounts trading 0.01 lots. why "save up and wait" as MT4 is more than ok for swing trading. The LMAX IB's offer an ideal solution for these individuals who would otherwise be scammed out of business with the bucketshops.
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  • #1,195
  • Jul 7, 2012 10:20am Jul 7, 2012 10:20am
Quoting leerees
We all know that the MT4 bridge is served by virtual dealer and we all know that some brokers set it to steal more pips than others. However most of us DO NOT care if our broker is taking 0.1 pips from us.

The advantages of the MT4 setup far outweigh the disadvantages, of course this is solely dependant on how they setup virtual dealer.

A lot of people here can't actually afford to go direct with LMAX, there are traders here from 3rd world countries who are starting out with $500 accounts trading 0.01 lots. why "save up and wait" as MT4...
Please stop writing trash, you obviously Have no idea about the Virtual Dealer, so please inform yourself first about what the virtual dealer is.

Your post ist very problematic because it leads to the impression that LMAX and/or their IB's are using the Virtual Dealer, which ist nonsense
Forex is a losers game.
  • #1,196
  • Jul 7, 2012 10:35am Jul 7, 2012 10:35am
Quoting Marv
Armada says its adding more liquidity providers on top of LMAX.
That's very surprising. Never thought that Armada would do such a step.

But from the technical perspective it is very easy to add more Liquidity Providers into the MT4 Server infrastructure, so this move is excellent.

Does anyone of you use a higher leverage than the default account size with them? I wonder if their leverage terms are static or flexible based on their terms:

http://www.armadamarkets.com/fx-trad...trading-terms/
Forex is a losers game.
  • #1,197
  • Jul 8, 2012 6:47pm Jul 8, 2012 6:47pm
thanks Captain for introducing me to Fastbrokers, at prelim research with this broker, but so far is looking very good.

Quoting The Captain
With Fastbrokers you can trade LMAX, Integral, or different Currenex feeds all in the same platform,

They are a great broker and their software Pathfinder one of a kind.
  • #1,198
  • Jul 9, 2012 9:43am Jul 9, 2012 9:43am
As far as I know, you can request for a higher or even a lower leverage. Just send them an email.


Quoting trader121
That's very surprising. Never thought that Armada would do such a step.

But from the technical perspective it is very easy to add more Liquidity Providers into the MT4 Server infrastructure, so this move is excellent.

Does anyone of you use a higher leverage than the default account size with them? I wonder if their leverage terms are static or flexible based on their terms:

http://www.armadamarkets.com/fx-trad...trading-terms/
  • #1,199
  • Jul 9, 2012 10:40am Jul 9, 2012 10:40am
Got a question about LMAX API.

I would like to use the LMAX API, but there is a problem: In addition to the API, I need charting Functionality, specifically the trades that have been made must be displayed in a Chart.

So my question is, how does the LMAX API integrate into a charting environment? How do the other Traders that use the LMAX API handle this?

Thanks for suggestions
Forex is a losers game.
  • #1,200
  • Jul 9, 2012 10:52am Jul 9, 2012 10:52am
Quoting trader121
Got a question about LMAX API.

I would like to use the LMAX API, but there is a problem: In addition to the API, I need charting Functionality, specifically the trades that have been made must be displayed in a Chart.

So my question is, how does the LMAX API integrate into a charting environment? How do the other Traders that use the LMAX API handle this?

Thanks for suggestions
I am not sure they have public methods to grab historical rates, but I have also heard the quality of their data is poor. An alternative would be to use the Pathfinder Trader API by fastbrokers, I know they collect their own data up to the tick size for all pairs in the LMAX and the other liquidity feeds (currenex etc). They give you access to their data through the API as well.
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