ECN trading in Australia | Forex Factory

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ECN trading in Australia

  • #1
  • First Post: Dec 23, 2012 9:01pm Dec 23, 2012 9:01pm
Hi Brokers
I want to open an account in Australia. If you have MT5/MT4 with ECN/STP trading platform, Kindly please leave message here.

I will trade GOLD and E/U with initial $5000 deposit.

Looking forward your message. If you have Gtalk Account, that is wonderful.

Best Regards
  • #2
  • Dec 23, 2012 11:25pm Dec 23, 2012 11:25pm
ic markets true ecn tighest spreads sometimes spreads actually are zero and below fast execution(for an ecn) and there mt4


WENDIGO
  • #3
  • Dec 24, 2012 2:18am Dec 24, 2012 2:18am
Quoting EMA-trader
Hi Brokers
I want to open an account in Australia. If you have MT5/MT4 with ECN/STP trading platform, Kindly please leave message here.

I will trade GOLD and E/U with initial $5000 deposit.

Looking forward your message. If you have Gtalk Account, that is wonderful.

Best Regards
Hi EMA-Trader

FXOpen AU is a pure ECN with MT4 via a proprietary bridge that may suit you. http://www.fxopenaus.com

PM me with your phone number if you would like us to call you (or email if you prefer) after the Christmas break to discuss your needs and see if we can provide for them.
  • #4
  • Dec 24, 2012 3:22am Dec 24, 2012 3:22am
IC markets is by far the best, often zero and negative spreads.
  • #5
  • Dec 24, 2012 9:35pm Dec 24, 2012 9:35pm
Quoting johnrambofx
IC markets is by far the best, often zero and negative spreads.
Thanks you, FXOjafar.
I have downloaded a its MT4 and made trials. It looks like not bad. Just need to care about the speed of trading. By the way, its commission seems not as low as expected.
  • #6
  • Dec 24, 2012 9:44pm Dec 24, 2012 9:44pm
Quoting FXOjafar
Hi EMA-Trader

FXOpen AU is a pure ECN with MT4 via a proprietary bridge that may suit you. http://www.fxopenaus.com

PM me with your phone number if you would like us to call you (or email if you prefer) after the Christmas break to discuss your needs and see if we can provide for them.
Thanks you, FXOjafar.
I have downloaded a its MT4 and made trials. It looks like not bad. Just need to care about the speed of trading. By the way, its commission seems not as low as expected.

Appreciate if I get PM from you. thanks again!
  • #7
  • Dec 25, 2012 12:01am Dec 25, 2012 12:01am
Quoting EMA-trader
Hi Brokers
I want to open an account in Australia. If you have MT5/MT4 with ECN/STP trading platform, Kindly please leave message here.

I will trade GOLD and E/U with initial $5000 deposit.

Looking forward your message. If you have Gtalk Account, that is wonderful.

Best Regards

What I dreamed platform is:

MT5 or Speedy MT4, ECN, Low Commission ( To Gold, Low than 0.5 pips for spread + commission), Android mobile trade supported. Easy money transaction between trade and Bank account ( a bank in Australia).

Can dream come true?
  • #8
  • Dec 25, 2012 1:01am Dec 25, 2012 1:01am
Care to share to WHY the services and products offered by Enfinium Pty Ltd are not being offered within the United States and are not offered to US residents or citizens..
  • #9
  • Dec 25, 2012 6:20am Dec 25, 2012 6:20am
Quoting EMA-trader
What I dreamed platform is:

MT5 or Speedy MT4, ECN, Low Commission ( To Gold, Low than 0.5 pips for spread + commission), Android mobile trade supported. Easy money transaction between trade and Bank account ( a bank in Australia).

Can dream come true?
I achieve this with a commission discount. With IC Markets I get and average EURO spread of 0 - 0.1 pips and I pay $5.50 in commission, so effectively I pay about 0.5 - 0.6 pips all up.
  • #10
  • Dec 25, 2012 6:44am Dec 25, 2012 6:44am
Quoting EMA-trader
Care to share to WHY the services and products offered by Enfinium Pty Ltd are not being offered within the United States and are not offered to US residents or citizens..
It's quite simple really, American citizen's are NOT allowed to open a broker account outside the good ole USA.

It's not because Australian brokers are discriminating against Americans, it's because the USA government is discriminating against American's.

The "Land of the Free" ain't free no more.

Move to God's own country... Australia, renounce your American citizenship, and realize what freedom is all about.
In the days of old when sailors were bold, and seldom if ever contented.
  • #11
  • Dec 25, 2012 7:37am Dec 25, 2012 7:37am
Quoting pt49
It's quite simple really, American citizen's are NOT allowed to open a broker account outside the good ole USA.

It's not because Australian brokers are discriminating against Americans, it's because the USA government is discriminating against American's.

The "Land of the Free" ain't free no more.

Move to God's own country... Australia, renounce your American citizenship, and realize what freedom is all about.
Really thanks for your information, relieved. But American brokers aften got penishment, does it mean ASIC, FSA more nice for traders than CFTC/NFA?
  • #12
  • Dec 25, 2012 3:35pm Dec 25, 2012 3:35pm
Quoting EMA-trader
But American brokers aften got penishment, does it mean ASIC, FSA more nice for traders than CFTC/NFA?
Asic has stronger requirements of brokers than American regulators, for instance, in America if a broker goes bankrupt/in liquidation, then your account funds are siezed and frozen. You cannot withdraw. All debts owed by the broker must be settled with creditors etc before you get any of your funds returned... if there's any left. You see... your funds with an American broker are in the brokers bank, and as such are at the mercy of creditors in a default by the broker.

When Refco went bust 5 or 6 years ago we got back only 10 cents in the dollar. At present MF Global is in liquidation in America, and all traders funds are locked up.

In Australia our trading funds are segregated from the brokers bank accounts. ASIC requires Aussie brokers to place traders funds in a segregated bank account for protection in the event of liquidation of the broker.

As an American you can only trade outside America by structuring yourself offshore, which can cost about $10,000 if done correctly, and it's not against the law for you to do it (much to most Americans surprise). Australian brokers will open accounts for corporations from most countries around the world, but not American ones.

What is against American laws is not declaring your offshore income for taxation purposes if you earn money offshore... but that's up to you.
In the days of old when sailors were bold, and seldom if ever contented.
  • #13
  • Dec 26, 2012 7:42pm Dec 26, 2012 7:42pm
Great. let us looking for opportunities of making a deal.


Quoting johnrambofx
I achieve this with a commission discount. With IC Markets I get and average EURO spread of 0 - 0.1 pips and I pay $5.50 in commission, so effectively I pay about 0.5 - 0.6 pips all up.
  • #14
  • Dec 27, 2012 1:36am Dec 27, 2012 1:36am
Hi FXOjafar
Could you kindly please confirm contents in read circles are true? How system set the NEWS TIME?
Normally I don't trade NEWS, I meant Big News....But, News be everytime, everywhere. If your NEWS are not traders'..that is the problem.

Sorry for questions, I am interested by your platform.




[quote=FXOjafar;6319766]Hi EMA-Trader

FXOpen AU is a pure ECN with MT4 via a proprietary bridge that may suit you. http://www.fxopenaus.com
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  • #15
  • Dec 27, 2012 9:55am Dec 27, 2012 9:55am
unhappy with this kind of spread in the holiday.

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  • #16
  • Dec 27, 2012 10:40am Dec 27, 2012 10:40am
Wow, huge spread.

I am surprised nobody has metioned Pepperstone.
  • #17
  • Edited 5:31pm Dec 27, 2012 5:30pm | Edited 5:31pm
Quoting EMA-trader
Hi FXOjafar
Could you kindly please confirm contents in read circles are true? How system set the NEWS TIME?
Normally I don't trade NEWS, I meant Big News....But, News be everytime, everywhere. If your NEWS are not traders'..that is the problem.

Sorry for questions, I am interested by your platform.
I think you got the wrong company's conditions there. They look like the Market Maker account conditions from fxopen.com. They are a different company with different trading conditions. Make sure you are looking at fxopenaus.com where no such restrictions exist.

Quoting EMA-trader
unhappy with this kind of spread in the holiday.

Attachment
Wow. That looks like an error in the demo feed. I'm not seeing it on live. Our LIVE Gold spread at the moment is hovering between 15-20 pips.
  • #18
  • Dec 27, 2012 10:36pm Dec 27, 2012 10:36pm
Thank all of you for your helping. Final decision is done. As being fatigued to search company regulation and trading conditions, just buying the most popular one in the world. It could give me average margin and risk. Easy way is always for lazy man.

thank all of you again
  • #19
  • Dec 27, 2012 11:06pm Dec 27, 2012 11:06pm
Quoting EMA-trader
Thank all of you for your helping. Final decision is done. As being fatigued to search company regulation and trading conditions, just buying the most popular one in the world. It could give me average margin and risk. Easy way is always for lazy man.

thank all of you again
I hope you found what you are looking for. All the best with your trading!
  • #20
  • Dec 28, 2012 8:53am Dec 28, 2012 8:53am

Wow. That looks like an error in the demo feed. I'm not seeing it on live. Our LIVE Gold spread at the moment is hovering between 15-20 pips.[/quote]

Sir, You got job. Try hard to have the demo server problem fixed. Otherwise, some of potiential users could be kicked off by it. Forex can give a live account for visitor to prove its live server is better than demo's. FYI as you are a nice man and CEO.
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