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LMAX = revolution?!?

  • #1,641
  • Feb 1, 2013 6:50am Feb 1, 2013 6:50am
Tick charts

LMAX IBs:

fxmtf.com: = Multicharts and ECN2 (which is White label Pathfinder Platform I think) (and MT4 via tick EA/Script)
Fastbrokers = Pathfinder Platform

LMAX Partner:

Armada Markets = MT4 only (via tick chart EA/Script)

LMAX: = Multicharts

Multicharts are free with fxmtf.com as far as I am aware:http://fxmtf.com/en/trading/
  • #1,642
  • Feb 1, 2013 8:58am Feb 1, 2013 8:58am
[quote=MarkW1979;6411779]Tick charts

LMAX IBs:

fxmtf.com: = Multicharts and ECN2 (which is White label Pathfinder Platform I think) (and MT4 via tick EA/Script)
Fastbrokers = Pathfinder Platform

LMAX Partner:

Armada Markets = MT4 only (via tick chart EA/Script)

LMAX: = Multicharts

Multicharts are free with fxmtf.com as far as I am aware:http://fxmtf.com/en/trading/[/quote

http://www.fxmtf.com/en/trading_plat...structions.php

Got this from an email. Does it means eventually you have to pay for it?
  • #1,643
  • Feb 1, 2013 9:06am Feb 1, 2013 9:06am
Quoting MarkW1979
LMAX Partner:

= MT4 only (via tick chart EA/Script)
Speak not of the broker who shall not be named.

For said broker who shall not be named is the reason LMAX was banished from the garden of the broker forum, and cast into this wasteland of commercial intent.

--

That, and LMAX can do MT4 directly if you ask them.
FXGears.com
  • #1,644
  • Feb 14, 2013 6:16am Feb 14, 2013 6:16am
Quoting Jack_Larkin
Speak not of the broker who shall not be named.

For said broker who shall not be named is the reason LMAX was banished from the garden of the broker forum, and cast into this wasteland of commercial intent.

--

That, and LMAX can do MT4 directly if you ask them.

How do you know this was the reason for LMAX thread being moved ?
  • #1,645
  • Feb 14, 2013 6:48am Feb 14, 2013 6:48am
Because Twee said so. And the Twee must not be questioned. Thus it is written in the Terms of Use.
  • #1,646
  • Feb 14, 2013 11:33am Feb 14, 2013 11:33am
Quoting Jack_Larkin
Speak not of the broker who shall not be named.

For said broker who shall not be named is the reason LMAX was banished from the garden of the broker forum, and cast into this wasteland of commercial intent.

--

That, and LMAX can do MT4 directly if you ask them.
Am with LMAX and not via another broker. If you post a certain amount of commission per month then you get multicharts free so to speak-think you have to make about $100 in commission.
  • #1,647
  • Feb 14, 2013 1:37pm Feb 14, 2013 1:37pm
Quoting Forexeurusd
How do you know this was the reason for LMAX thread being moved ?
Twee told me via email when I asked about it.

They were battling [the broker that shall not be named] spammers for a while and when no spammer could get a thread for said broker without being commercialized, they came into the LMAX thread for shelter and pushed their brand here.

The admins had enough of constantly dealing with cleanup reports that point to posts about [the broker that shall not be named] contained within the LMAX thread, and just commercialized this thread entirely.

So we have [the broker that shall not be named] supporters (both spammers and actual users who didn't want to stick to their own thread and felt here was the better place to talk about them) to thank for the move. (I realize it wasn't legitimate users of said broker's intention to get this thread commercialized, not picking on ya.)

I think moving forward we can keep talk strictly about LMAX and prove this thread is worthy of moving back to the broker section.
FXGears.com
  • #1,648
  • Edited 7:01am Feb 15, 2013 6:44am | Edited 7:01am
Hello everyone,

i'm trying to find out the requirements on Lmax acounts but no aveil (missing something on their website). I've read quite a number of this thread pages, but couldn't find updated info.

i'm sorry to ask of this, after such a long thread, but has Lmax only have that 10k € minimum acccount? (professional??)

Can you provide a link or info to account requirements and settings?

thx in advance.
  • #1,649
  • Feb 15, 2013 7:11am Feb 15, 2013 7:11am
Quoting Polkm
Hello everyone,

i'm trying to find out the requirements on Lmax acounts but no aveil (missing something on their website). I've read quite a number of this thread pages, but couldn't find updated info.

i'm sorry to ask of this, after such a long thread, but has Lmax only have that 10k € minimum acccount? (professional??)

Can you provide a link or info to account requirements and settings?

thx in advance.
Yes, the minimum seems to me to be 10k,one of the option to go to lmax with a lower minimum deposit is to go trough armada markets, I don't know if there s another alternative beyond armada markets.But if you really want to know, click on the live chat option located at the top of the page, they will probably answer you.
  • #1,650
  • Feb 15, 2013 7:58am Feb 15, 2013 7:58am
Armada is not the same as lmax, they say they have added additional liquidity providers(Citi). Which begs the question how they route orders, and if the whole exchange thing is still valid if they do their own routing.

There is fxmtf.com and fastbrokers as introducing brokers for lmax, the only thing different to a direct account is commissions and trading platform options.
  • #1,651
  • Feb 15, 2013 8:00am Feb 15, 2013 8:00am
Quoting shrike
Armada is not the same as lmax, they say they have added additional liquidity providers(Citi). Which begs the question how they route orders, and if the whole exchange thing is still valid if they do their own routing.

There is fxmtf.com and fastbrokers as introducing brokers for lmax, the only thing different to a direct account is commissions and trading platform options.
Yeap,you are right.
  • #1,652
  • Feb 16, 2013 10:23am Feb 16, 2013 10:23am
Thanks guys for the info,

I got a look to those fastbrokers and itt seems good. Will look with more depth.


I couldn't find any info on Lmax site.

I will ask them some questions next week. I read here that they do not offer Stop orders (for entry)? Is that still valid?
  • #1,653
  • Feb 18, 2013 6:23am Feb 18, 2013 6:23am
Quoting Demos4x
Yeap,you are right.

What is the best deal in terms of commissions/platform ?
  • #1,654
  • Feb 25, 2013 6:08am Feb 25, 2013 6:08am
For the first time with LMAX,my SL didn't honored during weekend gap causing me 150$ + loss.
  • #1,655
  • Feb 25, 2013 7:02am Feb 25, 2013 7:02am
Quoting timos
For the first time with LMAX,my SL didn't honored during weekend gap causing me 150$ + loss.
How much was the slippage?

And how many lots you were trading ? (if you want to share that information,of course.)

EDIT: Are you saying that your stop loss was between the gap? In the middle of the price "void"? If is that true lmax couldn't do anything or any broker because the market never had that price.

Somebody please correct me if I am wrong.
  • #1,656
  • Feb 25, 2013 7:40am Feb 25, 2013 7:40am
that is correct; there is no trading in the weekend.

it is generally NOT safe to keep stop loss orders active during the weekend; because on Sunday; the spread will be wide; and may trigger stops easily.
  • #1,657
  • Feb 26, 2013 4:40am Feb 26, 2013 4:40am
Quoting Demos4x
How much was the slippage?

And how many lots you were trading ? (if you want to share that information,of course.)

EDIT: Are you saying that your stop loss was between the gap? In the middle of the price "void"? If is that true lmax couldn't do anything or any broker because the market never had that price.

Somebody please correct me if I am wrong.
25 to 40 pips. I didn't had any sell stop - buy stop order. My orders were in profit before the weekend with SL at BE. 0.10 losts. I spoke with them and they told me the same too,the didn't had the price and tried to close my orders at best available price.
This happened to me for the first time and that's why i thought to share it with you guys.

Best regards,
Tim
  • #1,658
  • Feb 26, 2013 5:01am Feb 26, 2013 5:01am
Quoting timos
25 to 40 pips. I didn't had any sell stop - buy stop order. My orders were in profit before the weekend with SL at BE. 0.10 losts. I spoke with them and they told me the same too,the didn't had the price and tried to close my orders at best available price.
This happened to me for the first time and that's why i thought to share it with you guys.

Best regards,
Tim
That's why many hedge funds close all their trades Friday afternoon (GMT).
  • #1,659
  • Feb 26, 2013 7:27am Feb 26, 2013 7:27am
sorry but it's not Lmax's fault. This is how markets work. Say your buy stop is set at 100. Price is 102 at the close. Prices reopen at 98, there has been no trading gradually down to the 98 level that will have triggered your buy stop. So now it will simply execute at the first price it can get as you clearly have set a pain level/loss level at 100 and it has been breached. But your order is still live, it is still in the market-so it will trigger. If your SL was honoured during the weekend before then it's only because, without knowing the details, there happened to be someone else on the other side of the transaction who was willing to accept your price, and most importantly, the trade was actually able to take place. But in a market that has gapped like that? You're not the only order in the market, you'll have competition, and in this case, at a price that is way off from your original SL.

That is how the markets work. That is why I don't like trading with tight stops going late into friday afternoon. LMAX have done nothing wrong, although to be honest I don't think you're implying that they have.
  • #1,660
  • Feb 27, 2013 10:17am Feb 27, 2013 10:17am
Quoting Bleek
Based on the past years performance if LMAX were in a position to reduce their commission they would be near perfect.

A near perfect broker, now that's unheard of!

I don't want to sound like a salesman for LMAX but in my book praise where praise is due.
The ONLY thing I have against LMAX is that they don't offer trading on all of the currency pairs. You would expect a high-volume with deep liquidity of an Forex exchange like LMAX to be able to offer trading on all of the 80+ pairs for trading but no, they only offer like 62+ pairs with some pairs missing. If only they are able to offer trading on all of the available pairs, they wouldn't be just near perfect; they would be absolutely perfect!!
Make your losses in demo. Earn your profits live.
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