How to get EBS and Reuters platform

Hello, anyone knows how to get EBS and Reuter platform please? And what are the requirements please?

http://www.icap.com/markets/electron.../ebs-spot.aspx

Just ask them

With EBS you receive a nice Trading Pad (Click on the right side on "EBS Spot & EBS Prime Demo)

Oh thanks, what is the minimum deposit please?

3 Million

However maybe they let you in with just 1 Million. You have to ask them.

We are not talking about retail Business here. This is Pro Business man

ok thanks

lol another thread about bloomberg's reuter's etc, from MM micro players. Guys just stop this nonsense. Unless you have 100000$ + to put on the line don't even bother about those services. They are not interested in guys like us. Good ECN is more than enough to earn money and execution speed is more than enough for us. Fancy terminal won't make you better trader.

Hello tomspin, what broker or ECN you recommend please?

Most of the big brokers have ECN accounts.
Choose deposit safety first and formost.

Forget a few pips here and there and wanting Instant execution, no slippage, no re-quotes, etc... That is nonsense. The forex market will "always" have those things regardless who your broker or bank is. That is the nature of the market.

Who cares if your orders gets fill via ECN or Your bank/Brokers fills it?
For example... why would you care trading if trading with CitiFX or Dukascopy Bank if they sell it to you. I am sure they are not going to close their business to not pay you if you win.

If you don't mind a non-mt4 platform go with Dukascopy ..5000 usd min with Dukascopy bank and 100 usd with Dukascopy EU (fully owned by the Bank) make as much as you want... grow your account as much as you want. If you make it to 250k , you can have your money in your own bank in deposit and have your bank to issue a letter of credit To Dukas for you to trade.. No problem with withdraws... your money is already in your bank.

J.

Retail traders don't need access to such platforms, it's for the big money. Be happy you don't have to worry how your $100M trade will be executed. Now that's where slippage, liquidity and latency matters.

Regarding news services, you don't need it for your trading, unless you are a hardcore-fundamental trader monitoring several different markets the whole day. Stick with the standard DowJones newsfeed which most brokers offer and visit ForexLive.com

I think most folks here think traders with access to Bloomberg/Reuters have some super-secret insider info with which they are making millions. lol

You can get a list of ECN brokers and reviews here: http://www.100forexbrokers.com/stp-ecn-brokers

You can also search for brokers by for example MT4 ECN, country and regulation. Hope it helps.

Thanks all of your comments and suggestions

Hear him, hear him. I keep saying that over and over but they see these big players on tv with these terminals and they think they can be big players.
100K is not enough, one would have to spend 25% of his total capital per year just to cover the cost, I'd rather say 500K at least.

There is no such thing like ECN trought MT4 - that is called STP and most fakers will pretend you have ECN - Dukas tried and gave up so if you see a broker that says ECN with MT4 that's a lie. Cannot recommend anybody. It all depends on your account size if you trade micro MM bucket shop is fine - good for training.

Dont go with fxcm.com and forex.com
They have both been fined for manipulating the prices for their benefit. Its in many news articles and also wikipedia.

Do home work before you decide on which broker you trade through because many brokers have a plug in for mt4 that can change the price history on your screen which in effect will take out your stop loss or force u to close a losing position.

Midnight, Thank you for this piece of information. I have been suspicious, because I have platforms from different brokers (on MT4 and MT5), and the quotes are different, but the fortunate thing is, they differ between 2-5 pips at the same time, so I presume it is not that scary. And on top of that, I am a swing trader, not a scalper.

I am aware that you are not making recommendation, but how do we really know. The unfortunate thing is, I am in Australia, and Citi does not provide this service in Australia.

The problem is not the 2/3 pips difference. Its when i get a spike on my screen taking out my stop loss yet on someone else's screen there is no spike. This is what fxcm and others do. I dont support these criminals.

Anyway I spent hours researching about brokers and in general, the swiss and german brokers seemed to be the more honest out them. Aussie brokers didnt look good imo. Thats based on many reviews i read.

No wonder most never learn to trade and to make sensible strategies to be profitable. They spend all their time chasing dragons instead of understanding the market for what it is.

Tomspin:
All Brokers use bridges to send orders to their Liquidity providers, to the ECN or whatever they send them. Some kind of digital communication need to exist between the player. The ECN (Electronic Communication Network) is soroff a market place were your order is sent and filled. At the end of the day the terminology makes no difference... The term ECN is commonly use to let you know that your order is sent there... STP is commonly use to let you know that your order is Process Straight-Through ...but to Where??? most of the time ends up in the ECN anyway. But who cares. All in about 1 pips difference.

Midnight:
Technically speaking Those Brokers did not get fined for manipulating the prices... No one can manipulate them. Forex is a decentralized market and there is no such thing as an "official price" at any given millisecond. Therefore, anybody can quote as they please and once you place an order sell it to you at that price or not. Those brokers got fine because they did not give you the "best" price available at the time you place the orders. Example.. Say that FXCM has 10 liquidity providers...all of them quoting different prices to them.. say "ask" price from 1.20210 to 1.20220 (each of them with difference of 0.00001 but just 1 pips difference between all of them.) Your platform price would show the best "ask" price "quoted"+their spread .. that would be 1.20225 if they charge 1.5 pips spread. You place your order.... at 1.20225 ... but instead of filling the order at the "best price" they filled your order at 1.20215+1.5=1.20230...

They did not not manipulate anything, All those different prices did exist ... they just did not give you the best one... which, as an regulated entity they should... whooopy they screwed us half a pip,.... HEY... but How do we know that all the other brokers, with different Liquidity providers did not have a better price... and we got the best price in the world anyway?..

Those plugin do not change anything in our screens.. the only thing they do is to "hold" the orders some milliseconds...If the next tick was in your favor.. they fill your order at the price you saw in your screen.. (they did not give you the best price)...if the next tick the price moved against you, they bump you up to the current price (a best price was available when you place your order, they didnt give you the best price)... all in about 1 pips range. I can honestly say that I don't know anyone that has proven un-explained 10 pips moves in just 1 brokers. All the time ends up that the move was across all brokers. But if that exist.. please let me know.. we could arbitrage the crap out of them.

Point is... if we are worry about some half pip, 1 pips, UN-avoidable in the forex market... we should consider not no trade at all.

Arturwsp:
If you read above.. forex is a decentralize market, the spot portion is not regulated.. they can quote whatever they want. ALL banks, brokers hedge funds etc, quote different according to their own availability or capability to fill orders. Most brokers quote the same prices because most use the same sources. If I one millisecond Citi is the one that has the best price on euro... all brokers quote Citi ś ask in their platform... but Citi may have only certain units at that price and thats it... if orders of more units come in in that millisecond they will be filled at another price... half pip, 1 pips, 10 pips, 50 pips??? who knows... if the orders for euros are big,,, or no one want to sell euros, the price goes up to whatever price those units are found... If you get a re-quote... and if don't like the price... just cancel the order. The price may drop right back ... and if you were the one that was selling at those 50 pips up... don't get mad if the price went to "your" ask and because no one wanted to buy at "your" price, your order was not executed.

Everyone that trades will be at those both side of the coin in a continuous base.

In Australia you have Pepperstone.. they seem to be a good broker. What I mentioned in my first post... look for Deposit safety first .. Pepperstone is regulated there and claim to have segregated clients funds. That is all you need.

J.

Sorry you are wrong. They manipulate the prices using a virtual dealer plug in. If you cant find a demo of how they do it im pretty sure i have a video clip of it and i can upload it to youtube for you. From memory fxcm got fined $8 million dollars last year.

here is the link of how they do it:

Hello Midnight.
I am guessing you did not read my answer to you in my post? Nor you have watch the you tube yourself?.

I know they got fined... I know how they do it. ..But VDPs do not manipulate prices... they just hold orders (delay them)...thus, they do not give you the "best" price available. Do you understand the difference??

The broker is not manipulating anything... several prices already exist in the market all the time . They should give you the best one... but They didn't.

All between 1 or 2 pips range. Of course is wrong doing. But not price manipulation.

J.
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