roboforex or instaforex same ... be carefuly!
roboforex have a lot off withdraw problem ,you can forget it
roboforex have a lot off withdraw problem ,you can forget it
- Joined Dec 2009 | Status: The New Legend™ | 4,843 Posts
Always looking the GREAT, never left GOOD Point...
- Joined Jan 2011 | Status: Senior Trader | 1,475 Posts
Bulls are stupid Animals!especially when Im short!
All of you have to understand one thing: there is NO true ECN out there...
The real ECN will be the fully regulated market like stocks, futures, etc.
What does ECN assumes? It assumes that we do not dealing directly with a broker and the quotes are provided from the other traders within the system! If I place a buy limit order @ 100.25, you will be able to sell me at this level, simple as that.
NOW, do you really think that a particular broker have enough liquidity to keep the tiny spreads most of the time? NO.
Think about the futures market for example, do you think that the spreads would be like they are without the market makers? NO. They would be much wider most of the time. Bearing also in mind, that the liquidity on EUR/USD futures for example is much higher than the liquidity your broker have from the traders like you.
THE POINT IS: If the broker would not provide you with his own quotes, you would never see the spreads within the ECN like they are....
Therefore, YOU ARE STILL TRADING AGAINST THE BROKER, but sometimes, your order may be matched with someone else's order.
Okay, if all this doesn't push you to forget this market forever and you still want to have the "ECN feature", the only way to check your broker is to place a limit order within the spread. If the spread changes accordingly at all times, it means they really have ECN system. You can do it regardless the platform.
And forget about the banks, you will never be dealing with them. Interbank quotes are completely different to the ones your broker have. If you want to be dealing with a bank, you have to go directly to the counter and get some currency there, haha
)
Good luck
The real ECN will be the fully regulated market like stocks, futures, etc.
What does ECN assumes? It assumes that we do not dealing directly with a broker and the quotes are provided from the other traders within the system! If I place a buy limit order @ 100.25, you will be able to sell me at this level, simple as that.
NOW, do you really think that a particular broker have enough liquidity to keep the tiny spreads most of the time? NO.
Think about the futures market for example, do you think that the spreads would be like they are without the market makers? NO. They would be much wider most of the time. Bearing also in mind, that the liquidity on EUR/USD futures for example is much higher than the liquidity your broker have from the traders like you.
THE POINT IS: If the broker would not provide you with his own quotes, you would never see the spreads within the ECN like they are....
Therefore, YOU ARE STILL TRADING AGAINST THE BROKER, but sometimes, your order may be matched with someone else's order.
Okay, if all this doesn't push you to forget this market forever and you still want to have the "ECN feature", the only way to check your broker is to place a limit order within the spread. If the spread changes accordingly at all times, it means they really have ECN system. You can do it regardless the platform.
And forget about the banks, you will never be dealing with them. Interbank quotes are completely different to the ones your broker have. If you want to be dealing with a bank, you have to go directly to the counter and get some currency there, haha
)Good luck
- Joined Jan 2011 | Status: Senior Trader | 1,475 Posts
Bulls are stupid Animals!especially when Im short!
- Joined Jan 2011 | Status: Senior Trader | 1,475 Posts
Bulls are stupid Animals!especially when Im short!
All of you have to understand one thing: there is NO true ECN out there... The real ECN will be the fully regulated market like stocks, futures, etc. What does ECN assumes? It assumes that we do not dealing directly with a broker and the quotes are provided from the other traders within the system! If I place a buy limit order @ 100.25, you will be able to sell me at this level, simple as that. NOW, do you really think that a particular broker have enough liquidity to keep the tiny spreads most of the time? NO. Think about the futures market for...
ECN is not sth cosmic or utopic, impossible thing))) Its just a technology that enables to access pool of liquidity. Thats it. Retail forexers dont even need Interbank market or whatsoever...for us it's just enough to access liquidity enabled through aggregators such as Integral, Currenex etc.
Now, cTrader brokers (normal ones) enables access to very liquid market with ECN. Yes, true ECN is possible with brokers like FxPro and ICMarkets.
EUR/USD spread on these brokers??? I have never seen spread over 0.5 on this pair in my life...Thats enough for me.
Remember cTrader brokers ake money from commissions! they 'forgot' about spread margin is
always draw trendlines
{quote} it is not true. {quote} True ECN is only a matter of technology. Regulation is a good thing in general but is not realated in any way with trading conditions, technology, orders matching and ECN engines.
{quote} Your ideas are too old mate. ECN is not sth cosmic or utopic, impossible thing))) Its just a technology that enables to access pool of liquidity. Thats it. Retail forexers dont even need Interbank market or whatsoever...for us it's just enough to access liquidity enabled through aggregators such as Integral, Currenex etc. Now, cTrader brokers (normal ones) enables access to very liquid market with ECN. Yes, true ECN is possible with brokers like FxPro and ICMarkets. EUR/USD spread on these brokers??? I have never seen spread over 0.5 on...
You make me laughing when you attempt to tell me what the ECN is
) I agree with you! Did I argue that it is not just a technology? Or that it is not simple and straightforward? Of course it is.Do you know any forex broker personally? Well, I know. The friend of mine owns one and described quite well all that process, which is different from the advertisement, lol
)Yes, there is a pool of liquidity (created from the orders within that particular broker - which is not liquid enough to maintain tiny spreads at all times).
Yes, there are aggregators, almost each broker have them, not only ECN ones. They add to the liquidity, no doubt.
But, you ignored my key point in the post above. There will be the quotes provided by the broker itself! Apart from the other traders' liquidity pool and the aggregators' quotes. That is true, unfortunately, for the most of you.
For that reason, it is not true ECN. Hope you've got me clear now. They use ECN technology, but are not fully depend on it.
P.S.
Most of you have penny accounts, rarely above $5k. Think about having 100k or a million plus account, would you be trusting to a forex broker to trade that account? Or maybe a hedge fund allocated with a forex broker, haha? It is simply not serious guys
Have a nice day!
{quote} {quote} Guys, You make me laughing when you attempt to tell me what the ECN is
{quote} Thank you for the insight, you must be a very successful trader................thats what I thought until I saw that your preferred broker is GCG. They look like the biggest scam looking shit bucket forex broker I have every seen! So before you come on here being some big dick perhaps you should trade with a decent broker
) Sorry mate, I thought it was CQG! CQG is the most respectable, fast and historically reliable data feed provider out there. They've also got top-level platform (Integrated Client) with all the features any professional trader or company would expect. Costly, but this is the price to work with the best..http://cqg.com/Products.aspx
Lol, still laughing about GCG....
)