I like the MT4 FXOpen offers plus the fact it's an ECN. US Citizens cannot join. What would be the closest alike Broker(s) compared to FXOpen?
- #104
- Mar 7, 2013 3:06am Mar 7, 2013 3:06am
Withdrawals/deposits go through fxopen nz and Baltikums bank in Lativa according to your site, is that still correct?
An fxopen sales rep told me fxopenaus and nz have the same parent company/holder. Is this correct and where is the parent company located/legislated?
Thanks
No, all deposits and withdrawals go through Commonwealth Bank in Sydney for us. We have nothing to do with Latvia (although I have visited Riga before and I froze
)For info on shareholders, parents, Directors, status etc... you can check the ASIC website at https://connectonline.asic.gov.au/Re...e=lz0epia04_22 for all publicly available information about our company.
- #107
- Edited 6:07am Mar 7, 2013 4:12am | Edited 6:07am
- | Commercial User | Joined Dec 2010 | 1,135 Posts
No longer trading forex. Looking for full time job.
- #112
- Mar 7, 2013 11:14am Mar 7, 2013 11:14am
An fxopen sales rep told me fxopenaus and nz have the same parent company/holder. Is this correct and where is the parent company located/legislated?
This question could also be answered by a yes or no, with explanation.
The problem is that you stated before that both are not tied up, but through your website you get all kind of links. When chatting with fxopenaus I get a fxopen nz rep. When asking for a call back from fxopenaus I get a call in the middle of the Australian night from a nice lady, which is really not ironically meant, who is probably more familiar with the language they speak in Latvia than in Australia. This doesnīt mean sh.t and I know that. She was really nice and her English was excellent, far far better than mine, but certainly not from an Australian native. After that I got an email from her and after rereading your statement again, I thought why not google the name and than she turns out to be a fxopen account manager as well.
All in all itīs getting a little confusing, so to say. Looks to me that there are two legal entities which have the same owner, but I can be wrong. Fact is that I like your spreads, your commission plan and Australian regulation. I am seriously thinking of opening an ecn account with fxopenaus to start with and see how it goes before adding up, it would only be more comforting to me if all was more clear. I donīt know what your entity is and how itīs related to fxopen nz but with all this mixed up, I would prefer something like we are the Australian brand of the same parent and work with Australian regulation, but all other lines, like helpdesk, sales etc, work just like fxopen nz.
Hope this helps and donīt take me of your prospect client list, still like your spreads, commissions and Australian regulation.
By the way, Latvia is real nice. My friend lived in Riga for some 6 years and now has a place at the coast. I could easily live there, cold or not.
I like Riga too but the winter is just too cold. Maybe I should visit in the Summer which I'm sure is quite nice. I prefer Malaysia though. It's always warm there
None of the above are ECN brokers. STP at best.
FXOpen AU is a clear and transparent ECN. Try it yourself. Place a limit order inside the spread and you will immediately see your order in the order book and the BID or ASK (depending on your order) will change accordingly. This cannot happen with a market maker or STP broker. Not to mention our super fast execution, best spreads in the industry (see http://www.forexfactory.com/brokers.php#spreads for independent verification of that claim), and our commission starts at only $3.60 round...
- #115
- Mar 8, 2013 5:26am Mar 8, 2013 5:26am
allow me to ask u this,if u prized urself as a top-notch ECN,what abt other accts,micro and standard accts,u guys will definately trade against them,right? so,things like slippages,re-quotes will be common?
We do not requote as we are not just an MM or STP broker with just a price feed. Our clients are all active participants in a real market where they not only take prices offered by others, but also offer to others. See for yourself. Place a limit order and see it in the LVL II order book.
- #116
- Mar 15, 2013 11:49pm Mar 15, 2013 11:49pm
We have only ECN accounts as you can see if you look at http://www.fxopen.com.au/TradingTerms.aspx
We do not requote as we are not just an MM or STP broker with just a price feed. Our clients are all active participants in a real market where they not only take prices offered by others, but also offer to others. See for yourself. Place a limit order and see it in the LVL II order book.
- #117
- Mar 16, 2013 5:19am Mar 16, 2013 5:19am
except for ECN acct,isnt that your company will be on the other side of All MM's positions? so,if we,the traders win,that also means that FXOpen Aus,will lose monies? in this scenario,will re-quotes,slippages,etc be normal? or i am missing out something?
) nor do we ever requote. When you trade in an ECN such as ours, there is no price feed to requote you from. Only offers from other traders and LPs.
- #118
- Mar 16, 2013 10:39pm Mar 16, 2013 10:39pm
Since we are not an MM broker at all, we will not lose money if you win (we want you to win so you trade more and earn us commissions
- #119
- Mar 16, 2013 11:33pm Mar 16, 2013 11:33pm
- | Commercial User | Joined Dec 2010 | 1,135 Posts
No longer trading forex. Looking for full time job.