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Monitoring and Certification of ECN brokers

  • #1
  • First Post: Oct 2, 2014 11:18am Oct 2, 2014 11:18am
It will be possible for someone to create a company to certify that if brokers tell the truth when they say they are ECN?
Be happy, friendly, humble and winner!!
  • #2
  • Oct 6, 2014 2:23pm Oct 6, 2014 2:23pm
What is the guarantee that the company wont cheat as well? I myself do this kind of research on my own, so when I get screwed I know it is all my fault.
  • #3
  • Oct 6, 2014 6:04pm Oct 6, 2014 6:04pm
Quoting Ak386
It will be possible for someone to create a company to certify that if brokers tell the truth when they say they are ECN?
Firstly Define ECN ?
Secondly what is your motive ?
Thirdly how will this affect your trading results ?
  • #4
  • Oct 6, 2014 7:38pm Oct 6, 2014 7:38pm
ECN is direct to the markets.
I had very bad experience with IC MARKETS and I have not been able to find a broker to trade with confidence.
That cheap trick to disconnect and freeze is not good.

If you made more than 40% in the month, it all begins to fail with the broker.

I wonder if I can only win 8% to 10% in the month to avoid problems with the brokers?
Be happy, friendly, humble and winner!!
  • #5
  • Oct 7, 2014 4:44pm Oct 7, 2014 4:44pm
Quoting Ak386
ECN is direct to the markets. I had very bad experience with IC MARKETS and I have not been able to find a broker to trade with confidence. That cheap trick to disconnect and freeze is not good. If you made more than 40% in the month, it all begins to fail with the broker. I wonder if I can only win 8% to 10% in the month to avoid problems with the brokers?
Have multiple accounts with different brokers
  • #6
  • Oct 7, 2014 10:35pm Oct 7, 2014 10:35pm
What do you want? where you're going?
Be happy, friendly, humble and winner!!
  • #7
  • Oct 7, 2014 11:27pm Oct 7, 2014 11:27pm
Quoting Ak386
ECN is direct to the markets. I had very bad experience with IC MARKETS and I have not been able to find a broker to trade with confidence. That cheap trick to disconnect and freeze is not good. If you made more than 40% in the month, it all begins to fail with the broker. I wonder if I can only win 8% to 10% in the month to avoid problems with the brokers?
stop trading once you hit 8% in a month. i thougth 40% was a good thing to have
  • #8
  • Oct 7, 2014 11:27pm Oct 7, 2014 11:27pm
Quoting Ak386
What do you want? where you're going?
If you suggest that a broker is working against you at 40% then have several accounts with different regulated shops.
  • #9
  • Oct 8, 2014 8:00am Oct 8, 2014 8:00am
I found this topic very interesting as MT4 can play dirty.

Virtual Dealer Plugin - Brokers Please read http://www.forexfactory.com/showthread.php?t=305850
Be happy, friendly, humble and winner!!
  • #10
  • Oct 17, 2014 9:48am Oct 17, 2014 9:48am
Quoting Ak386
ECN is direct to the markets. I had very bad experience with IC MARKETS and I have not been able to find a broker to trade with confidence. That cheap trick to disconnect and freeze is not good. If you made more than 40% in the month, it all begins to fail with the broker. I wonder if I can only win 8% to 10% in the month to avoid problems with the brokers?
A true STP/ECN broker will love you and let you trade. As they have more assets under the company, get better streams from the liquidity providers and also pay less commissions.

I first really thaught that IC Markets is a good broker. Now the internet is full of freezes and disconnects... Like MIG bank in the past.
  • #11
  • Last Post: Oct 19, 2014 7:25am Oct 19, 2014 7:25am
Quoting Ak386
ECN is direct to the markets. I had very bad experience with IC MARKETS and I have not been able to find a broker to trade with confidence. That cheap trick to disconnect and freeze is not good. If you made more than 40% in the month, it all begins to fail with the broker. I wonder if I can only win 8% to 10% in the month to avoid problems with the brokers?
this is one of the silliest reasoning i have come across i a while. really ? you make 8% so that the broker doesnot freeze your platform ? you you think that when the platform freeze is only because they donot want you to make your 40%?
IQ here must be in the negative . LOL
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