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  • #1,121
  • Jul 30, 2013 5:10pm Jul 30, 2013 5:10pm
Never forget SPREAD:

When they widen the spread to approx 20 for EURNZD - ON A NORMAL DAY OUTSIDE NEWS, you will not make a profit.

Spread Alligator will eat you up.

BEWARE OTHER PAIRS ....
  • #1,122
  • Jul 30, 2013 7:52pm Jul 30, 2013 7:52pm
I like Alpari, nice Company. Respond quick, staff is friendly, fast reachable per telephone, fast withdrawal, aso.
Nothing to complain. Have a account with them, but trade only few major pairs there..

Because... if you have a Micro account you cant trade much pairs except the majors.

NZD/JPY has ridiculous 7-9 pips spread what is... And few other interesting Pairs also...

Had to split my trading to a another account (Broker) to avoid that.

They should lower that, at least 2 pips, because only a no brainer would trade that.
Micro or not, thats too much..

Otherwise, Alpari
How to opt out annoying user signatures ??
  • #1,123
  • Jul 31, 2013 1:41am Jul 31, 2013 1:41am
Hi 4Xfactor / Toranaga,

Quoting 4Xfactor
Never forget SPREAD: When they widen the spread to approx 20 for EURNZD - ON A NORMAL DAY OUTSIDE NEWS, you will not make a profit. Spread Alligator will eat you up. BEWARE OTHER PAIRS ....
Quoting Toranaga
Have a account with them, but trade only few major pairs there.. Because... if you have a Micro account you cant trade much pairs except the majors. NZD/JPY has ridiculous 7-9 pips spread what is... And few other interesting Pairs also... Had to split my trading to a another account (Broker) to avoid that. They should lower that, at least 2 pips, because only a no brainer would trade that. Micro or not, thats too much..
As mentioned earlier, it may be worth remembering that Euro Kiwi & Kiwi Yen are a synthetic prices. Any effect on Euro Dollar and Kiwi Dollar / Kiwi Dollar and Dollar Yen prices are magnified a few fold in synthetics.

As our forex spreads are set by price competition from multiple liquidity providers, they can vary based on market volatility and liquidity. As that changes, so too can the spread. If you would like to gain access to tighter spreads, I would recommend looking into the either our MT5 ECN account or MT4 Pro account which offer lower transaction costs through a reduced spread/commission combination.

The transaction cost is dependent on the amount of volume you transact on a monthly basis, so transaction cost decrease as your volumes increase. Commission is based on volume traded per calendar month and commissions are nominal per currency pair traded.

Quoting Toranaga
I like Alpari, nice Company. Respond quick, staff is friendly, fast reachable per telephone, fast withdrawal, aso. Nothing to complain.
I'll circulate this among the team. It's wonderful to receive this kind of feedback. Thank you!


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,124
  • Jul 31, 2013 3:05am Jul 31, 2013 3:05am
Quoting Alpari UK
Hi 4Xfactor / Toranaga, {quote} {quote} As mentioned earlier, it may be worth remembering that Euro Kiwi & Kiwi Yen are a synthetic prices. Any effect on Euro Dollar and Kiwi Dollar / Kiwi Dollar and Dollar Yen prices are magnified a few fold in synthetics. As our forex spreads are set by price competition from multiple liquidity providers, they can vary based on market volatility and liquidity. As that changes, so too can the spread. If you would like to gain access to tighter spreads, I would recommend looking into the either our [url="[url]http://www.alpari.co.uk/products/fx-forex-trading/metatrader-5-mt5-specifications[/url]"]MT5...

Alex,

What is maximum spread on EURNZD for MT5 ECN and MT4 Pro accounts (converting any charges e.g. commission into spread equivalent.)
So when normal accounts widen to 20 pips, what are these accounts at?

Thanks
  • #1,125
  • Jul 31, 2013 3:37am Jul 31, 2013 3:37am
Quoting 4Xfactor
{quote} Alex, What is maximum spread on EURNZD for MT5 ECN and MT4 Pro accounts (converting any charges e.g. commission into spread equivalent.) So when normal accounts widen to 20 pips, what are these accounts at? Thanks
Hi 4Xfactor,

I can't state what the maximum spreads are, as during certain times of the day, periods of lower liquidity and when there is increased market volatility, spreads will naturally widen. It's important to fully understand the dynamics of flexible spreads – it is the key to better-informed and more considered trading.

We aim to give you the tightest spreads we can provide, not only on a few pairs but on the full range of currency pairs we offer.

On MT5 ECN the typical Euro Kiwi spread is 4.6 pips.


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,126
  • Jul 31, 2013 4:40am Jul 31, 2013 4:40am
Quoting Alpari UK
{quote} Hi 4Xfactor, I can't state what the maximum spreads are, as during certain times of the day, periods of lower liquidity and when there is increased market volatility, spreads will naturally widen. It's important to fully understand the dynamics of flexible spreads – it is the key to better-informed and more considered trading. We aim to give you the tightest spreads we can provide, not only on a few pairs but on the full range of currency pairs we offer. On MT5 ECN the...

Ok, then what has been your maximum spread over the last two weeks, say? I assume you keep records?
  • #1,127
  • Aug 2, 2013 2:19am Aug 2, 2013 2:19am
Quoting 4Xfactor
{quote} Ok, then what has been your maximum spread over the last two weeks, say? I assume you keep records?
It's not in their interest to keep, or make public, records of maixumum spreads. Typical spreads are worthless as long as your stops are triggered by a freaking huge spread widening. I also asked this question in the past and got no answer. You need to keep your own records of max spreads or use a 3rd part site for a quick overview, like fxintel.com.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #1,128
  • Aug 4, 2013 5:29am Aug 4, 2013 5:29am
Quoting soso
{quote} It's not in their interest to keep, or make public, records of maixumum spreads. Typical spreads are worthless as long as your stops are triggered by a freaking huge spread widening. I also asked this question in the past and got no answer. You need to keep your own records of max spreads or use a 3rd part site for a quick overview, like fxintel.com.

Ok, thanks. So much for transparency


It just amazes me when an instrument can go to 20 pip spread without any apparent reason, or explanation, outside of any news etc.

Thanks for the site reference, it looks very interesting.
  • #1,129
  • Aug 5, 2013 1:56am Aug 5, 2013 1:56am
I believe that Alex said orders on the MT5 platform (or the platform formerly known as ECN?) were placed on a fill or kill basis. Whilst this initially appeared to be true in my experience, it is now definitely not the case. My orders are being delayed until price goes in the direction of my trade and then being filled at the new, higher price (in the case of long positions). When did the order filling policy change?
  • #1,130
  • Aug 5, 2013 2:19am Aug 5, 2013 2:19am
Quoting ukmanthailan
I believe that Alex said orders on the MT5 platform (or the platform formerly known as ECN?) were placed on a fill or kill basis. Whilst this initially appeared to be true in my experience, it is now definitely not the case. My orders are being delayed until price goes in the direction of my trade and then being filled at the new, higher price (in the case of long positions). When did the order filling policy change?
Hi ukmanthailan,

There have not been any changes.

If you'd like us to investigate further, please send us an email with your account details. We're here to help.

Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,131
  • Aug 5, 2013 2:38am Aug 5, 2013 2:38am
I have placed a few more orders and monitored what's happening and in the interests of fairness I should point out that the slippage is not always against me, it just seems to hang interminably at times and then fill at a different price. If my orders are suddenly taking much longer to reach your servers, I will need to find out why I guess. It's possible the problem is not at your end. If I can't find anything wrong with my connection I'll get in touch with your client services.

Thanks for your swift reply.

EDIT: Actually, the problem might be my end - apologies for assuming you were at fault - it's often the first response when trading
  • #1,132
  • Aug 5, 2013 3:02am Aug 5, 2013 3:02am
Quoting ukmanthailan
I have placed a few more orders and monitored what's happening and in the interests of fairness I should point out that the slippage is not always against me, it just seems to hang interminably at times and then fill at a different price. If my orders are suddenly taking much longer to reach your servers, I will need to find out why I guess. It's possible the problem is not at your end. If I can't find anything wrong with my connection I'll get in touch with your client services. Thanks for your swift reply. EDIT: Actually, the problem might be...
Thank you ukmanthailan. It's very rare that people have the good grace to acknowledge this publicly.

Have a great trading week ahead


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,133
  • Aug 5, 2013 1:12pm Aug 5, 2013 1:12pm
Quoting soso
{quote} It's not in their interest to keep, or make public, records of maixumum spreads. Typical spreads are worthless as long as your stops are triggered by a freaking huge spread widening. I also asked this question in the past and got no answer. You need to keep your own records of max spreads or use a 3rd part site for a quick overview, like fxintel.com.

May I once again thank you for a truly eye opening site recommendation!

It is mind boggling - I thought re-quotes etc were a nuisance, but spreads.

I now know why it is in their interest to keep such matters private
  • #1,134
  • Aug 5, 2013 2:30pm Aug 5, 2013 2:30pm
Any special welcoming bonuses or rebates for a classic account at the moment ?
  • #1,135
  • Aug 6, 2013 2:21am Aug 6, 2013 2:21am
Quoting wickedwin
Any special welcoming bonuses or rebates for a classic account at the moment ?
Hi wickedwin,

Currently, we do not have any promotions.

Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,136
  • Aug 6, 2013 8:21am Aug 6, 2013 8:21am
Alex,

Could you please clarify what spreads are on display here:

http://www.forexfactory.com/brokers.php#spreads

These should represent spreads for the 'standard account'. However, your figures have an * beside them, not too sure what that means.

My accounts show EURUSD spread of 1.8 - 2.2-ish, whereas the spreads on the link are from approx 0.6 to 1.0 (for the time I was monitoring them).

Thanks
  • #1,137
  • Aug 6, 2013 8:41am Aug 6, 2013 8:41am
Quoting 4Xfactor
Alex, Could you please clarify what spreads are on display here: http://www.forexfactory.com/brokers.php#spreads These should represent spreads for the 'standard account'. However, your figures have an * beside them, not too sure what that means. My accounts show EURUSD spread of 1.8 - 2.2-ish, whereas the spreads on the link are from approx 0.6 to 1.0 (for the time I was monitoring them). Thanks
Hi 4Xfactor,

Happy to help.

http://img38.imageshack.us/img38/83/ldx.JPG


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,138
  • Aug 6, 2013 9:05am Aug 6, 2013 9:05am
Quoting Alpari UK
{quote} Hi 4Xfactor, Happy to help. {image} Alex ________ Alexander Chadwick Alpari (UK) Representative

You hover over the magnifying glass! Ok, I see now.


Thanks.
  • #1,139
  • Aug 6, 2013 9:16am Aug 6, 2013 9:16am
Quoting 4Xfactor
{quote} You hover over the magnifying glass! Ok, I see now. Thanks.
My pleasure.

Have a good trading day ahead


Alex

________
Alexander Chadwick
Alpari (UK) Representative
  • #1,140
  • Aug 7, 2013 2:19am Aug 7, 2013 2:19am
I have only had a couple of accounts for Forex spot trading, however Alpari (UK) have been pretty good all round.

My only problem with them is not being able to get debit/withdrawal through their new "My Alpari" web interface.
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