LMAX = revolution?!?

Sent you a PM since im not in the advertisement business.

Well apparently its not possible send PMs to commercial members. Its fxmtf.com - they don't specify comms on the website, but you can email and ask.

Someone have already "negoces" commissions fees at LMAX ? under 25/20$ by M$ ? Volume average 20 milions day / 500 millions month ..

Via our IB agreement you can pay 1 way $20.25 if you go straight you will pay $25 , if you have 500 millons/month we can be better negotiate with LMAX !
please send me email in french if you want to : http://wincashbackrebates.fr/contact/

Full details : http://wincashbackrebates.fr/

Hi guys, I have a classic account with armada, when I ask about the slippage control in their oneclick plugin, they told me if I set the slippage value to "0" and if price move below or above the price I want the order won't be executed. Here's my question:

isnt this typical MM behavior? Coz as far as I know, ecn or mtf brokers can't really control the slippage, meaning, "kill or fill" type of orders don't exist in such brokers.

correct me if I'm wrong. Any help is much appreciated

Armada Classic account has a fixed spread. This has nothing to do with Lmax. You should ask that in one of the Armada threads.

Hi all, I am new here, and am looking to go live with LMAX. Been using MT4 with bucket shop, and I'm currently trying out LMAX-WebClient platform. I do have some technical ques for those who hav demo/live experience with LMAX.

1) On its WebClient, does it have the 'one-click cross-cursor function' as it does on MT4 to measure 'number of pips' as you drag up/dn the charts? I cant find any

2) In choosing between WebClient/MC/MT4, in terms of PRICING & EXECUTION alone (regardless of interface/indicators availability/etc), does any of the platforms has BETTER PRICING & EXECUTION over one another? For example,

- WebClient is LMAX's proprietary platform, its PRICING & EXECUTION should be 'original'. Orders executed --> LMAX LIQUIDITY

- MT4, my knowledge would be: Orders executed --> MT4 server --> LMAX LIQ
(if I'm right on this, there would be extra 'millisec' required, albeit negligible, but the slight delay still there?)

- MC, same scenario for MT4: Orders executed --> MC server --> LMAX LIQ

Am I missing something? Kindly shed some light. Many Thanks !!!

Intermediate FX Trader

Would like to add my 3rd question. Thanks!

3) Is there any way to use
- MC for Charting
- WebClient for Execution

1) not sure what you mean. there are no charts on the web-platform

2) i think thats right - although i am not sure if it is negligible under all circumstances. Pricing is the same, but for example, it could make a differnece for execution if a stop-loss order is held on some MT4-server as opposed to on the lmax server directly - especially with fast market conditions like a news release. I have never used their MT4, so i dont know. There were a few complaints on this forum however.

3) No, its pretty much the same as webclient. MC is using the lmax API, same underlying technology as the webplatform is using. But there is one difference: if you define a stop and target for a position with MC, the logic to cancel the other order when one of them is executed, is held on your local computer. The orders themself are with lmax directly - but just the act of cancelling the other order is controlled by your computer. So you should not close MC for that to work. With the web-platform, it is all managed server-side.

If you dont really need MT4, i would go with one of the other 2 options. Its just one more moving part that can cause problems. Personally i use MC for order-entry and the order-blotters, and for charting i have SierraChart.

Hi Shrike,

Firstly, many thanks to your reply.

1) Web-platform does have chart, but does it provide this function? It is quite common on all charting package.



2) I have just confirmed with Lmax's IB that MT4 execution is the SLOWEST. However, he has no idea on MC vs Web-Platform.
(Readers kindly dont take my words for granted, at your own risk. Research and test it yourself thx. To me, I have tested MT vs JFX on Duka so thats my view)

3) I am trying to interpret your Point 3. Do u mean:
- Both Web-Platform AND MC are using Lmax-API, the EXECUTION (time, slippage) is exactly the same?
- 'if you set SL and TP for a position with MC, the logic......' = I do not understand at all, too technical for me, mind explain/giv a simple example?

Yes I'm ready to give up MT4 for EXECUTION at any cost. In my case, I just wanna know EXECUTION btw MC vs Web-Platform. If they're the same, I might go with MC, since I don mind paying extra for the charting, without sacrificing EXECUTION, as I am a news trader, also thats why I goin for LMAX for its deep liquidity.

Hope I could get something from you Thanks.

Intermediate FX Trader

If you were me, which option would u go for?
1) MC
2) Web-Platform

I wont take it for granted, but just trying to understand 'from your perspective'.

Thanks!!

MC and web should be the same - except for stop/target.

The difference with SL/TP: if you use the webplatform, the sl/tp orders are "native" contingent orders attached to your position. That means, if either one is hit, the lmax-servers will cancel the other order (if stop is hit, target order is canceled and vice versa). If you use MC, MC has to cancel the other order, and there will be a little delay (internet latency). Worst case: both stop and target orders will be filled and you end up with an unintended position. Certainly possible in a news situation.

If you do news trading and plan to use stop/target orders, go with the web-platform for order-entry. You can still use charts from MT4 or MC at the same time.

Hi Shrike,

Thanks for sharing info with me, and also your recommendation.

I will go with LMAX-Web and/or MC.

If you would like to know, regarding the EXECUTION (time, slippage) btw LMAX-Web and MC, I have checked with both LMAX and MC support staff.
- LMAX: 'It should be the same. We cannot confirm that MC is slower than LMAX.' But they did highlight that Lmax-Web is online platform, whereas MC is downloadable platform, hence depending on several factors too (I think they mean connection/web-browser/mkt condition/etc)
- MC: 'within split second, or even none'

I am bit skeptical of the replies from support/sales staffs tho, I doubt they check with their technical specialists. Anyway, I'll gonna check it out myself and report back. Hopefully, it wont be a big deal to me as I'm not HFT. God bless lol

Thanks again. Cheers

lmax look interesting and i might try them,
can anyone please tell me how much the minimum deposit is?
do i have to put up a mill to trade there?

Armada classic account does indeed have fixed spreads and the commission is built into the spread. If you're a scalper you should go for their exchange account. Spreads are lower (even after you factor commissions).

I offer a 5% commission discount for armada accounts. You pay $3.8 per lot instead of $4 per rt lot. Take a look at this thread: http://www.forexfactory.com/showthread.php?t=458985

Let me know if you have questions

Also, Armada is a registered partner with LMAX, means that they use LMAX liquidity and they are able to add their own. Their LPs are citi, LMAX, and they recently added integral. LMAX just has LMAX's liquidity and so if you take a look at their live spreads on myfxbook, you will notice that LMAX's spreads tend to be higher than armada's


Cheers

under my IB link http://fr.lmax.com/ouvrir-un-compte the min deposit is $1 000 and the commission and the commission $41.25/ 1000 000 for web based platform and MT4

full details here http://wincashbackrebates.com/

change to the LMAX Exchange agreement

http://hosted.verticalresponse.com/6...73/a16443ef8d/

www.wincashbackrebates.com

On a first look it doesn't appear to be much different than the old boiler plate.

Hi all, I am new here, and am looking to go live with LMAX. Been using MT4 with bucket shop, and I'm currently trying out LMAX-WebClient platform. I do have some technical ques for those who hav demo/live experience with LMAX. 1) On its WebClient, does it have the 'one-click cross-cursor function' as it does on MT4 to measure 'number of pips' as you drag up/dn the charts? I cant find any 2) In choosing between WebClient/MC/MT4, in terms of PRICING & EXECUTION alone (regardless of interface/indicators availability/etc), does any of the platforms has BETTER PRICING & EXECUTION over one another? For example, - WebClient is LMAX's proprietary platform, its PRICING & EXECUTION should be 'original'. Orders executed --> LMAX LIQUIDITY - MT4, my knowledge would be: Orders executed --> MT4 server --> LMAX LIQ (if I'm right on this, there would be extra 'millisec' required, albeit negligible, but the slight delay still there?) - MC, same scenario for MT4: Orders executed --> MC server --> LMAX LIQ Am I missing something? Kindly shed some light. Many Thanks !!! Intermediate FX Trader

If you do some research on these forums (I don't expect you to!) then you'll see that MT4 is a fantastic charting package. It is not, however, much good for entering positions at maximum speed on an intraday basis. Sad but true.
Do you need MT4 to trade with (am assuming you do due to all the add ons/indicators it has).
I use a paid for charting package (use futures volumes) and enter manually via LMAX which a lightning quick execution.
MT4 will work fine if using to trade longer term, but not if you've got a narrow stop loss etc and can't afford slippage with intraday trading.

Don`t use MT4..