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Best Broker for Extreme Scalper - When Spreads Matter

  • #81
  • Sep 6, 2014 4:02am Sep 6, 2014 4:02am
Hello ,
Congratulations Wjack, it is the best explanation I have found on the FIX matter.
I fully agree with you that the last look and the last buck is always with the Banks and the Brokers.
Greetings.

A FOOL AND HIS MONEY ARE SOON PARTED
A FOOL AND HIS MONEY SOON ARE PARTED
  • #82
  • Oct 13, 2014 3:44am Oct 13, 2014 3:44am
Quoting lordvader666
on real ECN network with good liquidity (I use Integral ) You should have spread on EURUSD between -0.2 to 0.2 in most times + commision (depend on monthly volume that You trade)
what is the min. balance on such accounts and what are commissions range in general? what brokers offer integral?
  • #83
  • Oct 13, 2014 4:01am Oct 13, 2014 4:01am
Brokers and LPs can and WILL destroy most scalpers (and small pip expectency strategies) - sooner or later.

Just seeing a 55 pips slippage from an ECN broker (Core Liquidity Markets) on Friday on USD/CAD has confirmed for me that probably I am better off returning to trading Futures. While trading Futures for years I had not seen a fraction of nasty scams what I have seen on Forex.
  • #84
  • Oct 13, 2014 4:11am Oct 13, 2014 4:11am
Quoting Paracelsus
Brokers and LPs can and WILL destroy most scalpers (and small pip expectency strategies) - sooner or later. Just seeing a 55 pips slippage from an ECN broker (Core Liquidity Markets) on Friday on USD/CAD has confirmed for me that probably I am better off returning to trading Futures. While trading Futures for years I had not seen a fraction of nasty scams what I have seen on Forex.
aren't brokers that offer binary options worse, in general? I mean more likely to play games.. ?
  • #85
  • Oct 13, 2014 4:47am Oct 13, 2014 4:47am
Most Binary Options Brokers are not regulated.
They are a big Scam,
They offer upto $500.00 CPA to IBs that introduce clients to these brokers.
That is the reason why so many scamsters are offering free softwares to trade binary options.
Once the broker gets your money, you will never see it back.
They make excuses that because you have taken a bonus you need to trade at least 160 full lots.
Your account gets wiped out much before you are able to trade 160 lots.

Many marriages and many homes have been broken because of these brokers.
Many naive people have lost their entire savings for their old age.
Keep away from these Scamsters.
Winning is a Great Feeling!
  • #86
  • Oct 13, 2014 6:11am Oct 13, 2014 6:11am
Quoting Paracelsus
Brokers and LPs can and WILL destroy most scalpers (and small pip expectency strategies) - sooner or later. Just seeing a 55 pips slippage from an ECN broker (Core Liquidity Markets) on Friday on USD/CAD has confirmed for me that probably I am better off returning to trading Futures. While trading Futures for years I had not seen a fraction of nasty scams what I have seen on Forex.
Sorry but, what is an LP?
  • #87
  • Oct 13, 2014 6:25am Oct 13, 2014 6:25am
Quoting johnblake
Most Binary Options Brokers are not regulated. They are a big Scam, They offer upto $500.00 CPA to IBs that introduce clients to these brokers. That is the reason why so many scamsters are offering free softwares to trade binary options. Once the broker gets your money, you will never see it back. They make excuses that because you have taken a bonus you need to trade at least 160 full lots. Your account gets wiped out much before you are able to trade 160 lots. Many marriages and many homes have been broken because of these brokers. Many naive...
ah i was thinking most people trading binary options started small and just, if they were successful, couldn't get their winnings out. Didn't realize people would put huge amounts of money in to start with.

but anyhow what I was getting at, is that if broker is scamming people on binary options, it's probably not a good idea to use their ECN services either.. I guess
  • #88
  • Oct 13, 2014 7:51am Oct 13, 2014 7:51am
Quoting ycomp
{quote} what is the min. balance on such accounts and what are commissions range in general? what brokers offer integral?
FXCM just started offering raw spreads + commissions. It's new but been trading on it and its great for scalping. Commissions are pretty low competitive with Interactive brokers but I don't have $$$ for Interactive brokers.
  • #89
  • Oct 13, 2014 7:59am Oct 13, 2014 7:59am
Quoting RealDealFX
{quote} FXCM just started offering raw spreads + commissions. It's new but been trading on it and its great for scalping. Commissions are pretty low competitive with Interactive brokers but I don't have $$$ for Interactive brokers.
Why are there so few brokers in that spread chart? do brokers have to pay to be listed there?
  • #90
  • Oct 13, 2014 8:17am Oct 13, 2014 8:17am
Quoting ycomp
{quote} Why are there so few brokers in that spread chart? do brokers have to pay to be listed there?
good question I don't know....
  • #91
  • Oct 19, 2014 7:25am Oct 19, 2014 7:25am
Quoting MKFXTrader
{quote} Sorry but, what is an LP?
Liquidity Provider i think...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #92
  • Oct 23, 2014 4:41am Oct 23, 2014 4:41am
Quoting ycomp
{quote} Why are there so few brokers in that spread chart? do brokers have to pay to be listed there?
And how do you think?^^
Best Broker for Extreme Scalper - When Spreads Matter>>>>>> Try gainsy, 0.1eurusd and other
  • #93
  • Oct 24, 2014 5:50am Oct 24, 2014 5:50am
Quoting heispark
{quote} Liquidity Provider i think...
google a bit about the liquidity provider for listed brokers above. LMAX awarded 2014 #1 Fastest Growing Tech Company in the UK - Sunday Times Tech Track 100 (wikipedia), LP for armada market, as mostly ecn who charge commision per trade, the execution are fast enough for scalping strategies. i think the execution time are a plus added for spread, said it has delay or even requoted i saw this as an extra fee (spread) because i miss the desire price when entry executed. i would consider their stop level, freeze level when develop a scalping EA, which is this two variable sometimes widen too at real feed enviroment, which resulted entry are not executed.
  • #94
  • Oct 24, 2014 5:52am Oct 24, 2014 5:52am
Quoting fxindikator
{quote} google a bit about the liquidity provider for listed brokers above. LMAX awarded 2014 #1 Fastest Growing Tech Company in the UK - Sunday Times Tech Track 100 (wikipedia), LP for armada market, as mostly ecn who charge commision per trade, the execution are fast enough for scalping strategies. i think the execution time are a plus added for spread, said it has delay or even requoted i saw this as an extra fee (spread) because i miss the desire price when entry executed. i would consider their stop level, freeze level when develop a scalping...
where can I find an LMAX broker (aside from FastBrokers)...? Armada doesn't use LMAX for liquidity (according to them) and hasn't for some time apparently
  • #95
  • Oct 24, 2014 6:29am Oct 24, 2014 6:29am
Quoting ycomp
{quote} where can I find an LMAX broker (aside from FastBrokers)...? Armada doesn't use LMAX for liquidity (according to them) and hasn't for some time apparently
i just do some raw research of liquidity provider keyword combine with brokers company, and this one from forexmagnate .".. guidance of Prime FX as an advisor, and planning to co-locate as to parallel their existing setup under their own MT4 full license. armada markets has achieved sub 200 ms execution speeds, as told to Forex Magnates " i dont know it's a good one or else, 200 ms execution speed, how much this will affect then. need someone who really familiar with liquidity provider to explain (when it's good how good it is... or even bad for execution length).
there's also several brokers used lmax, try to used "licensed LMAX Exchange" and google it.
  • #96
  • Oct 24, 2014 6:49am Oct 24, 2014 6:49am
Quoting ycomp
{quote} where can I find an LMAX broker (aside from FastBrokers)...? Armada doesn't use LMAX for liquidity (according to them) and hasn't for some time apparently
You can sign up with lmax directly. Or through an IB (like fxmtf for expample, but there are several) if you dont want to depost 10K.
  • #97
  • Oct 24, 2014 1:19pm Oct 24, 2014 1:19pm
for those looking for lowest of low spreads ,there are tons and tons of real time spread comparison website out there why donot you use them instead of taking biased opinions from people who will just say good things about their brokers
  • #98
  • Nov 4, 2014 4:52am Nov 4, 2014 4:52am
Quoting CoolPeach
{quote} And how do you think?^^ Best Broker for Extreme Scalper - When Spreads Matter>>>>>> Try gainsy, 0.1eurusd and other
this is a scam broker just read few reviews on net stay away
  • #99
  • Nov 7, 2014 3:39am Nov 7, 2014 3:39am
Quoting teapeak
{quote} this is a scam broker just read few reviews on net stay away
every broker has such reviews, and that's whay I test broker by myself: start with small amounts, depo\withdraws, speed of execution ect. and after that I try to trade "my comfortable" volumes
  • #100
  • Edited 11:12pm Dec 7, 2014 10:56pm | Edited 11:12pm
Quoting Denny n Co
Hi Guys, I want to give a little review and also expects input from all friends. At the beginning of this year, I tried to develop a new strategy. And this strategy is scalping techniques. Previously I was a swing trader. During this time, I do not really pay attention to spread, as any spread to 5 is small in my opinion. because the target Tp I used about 100 pips. But in my latest techniques scalping, spreads become very very must be considered. Since scalping has an average below 10 pips TP. Even for extreme scalper, TP between 1-3 pips only....
Hi Denny n Co and everyone

http://www.fxcc.com/trading-conditions
I've just found this one. ECN, raw spread, no commission, no spread, and some bonus
total transaction cost of EUR/USD is only raw spread $3 per standard lot with no commission charged (For ECN XL account's promotion)

P.S. You need to create demo account here to get the raw spread https://hub.fxcc.com/
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