Can someone who is FXDD member, please, tell what is the rollover for gbp/jpj (1 standard lot). On the site its 21 $ but few people claim that its around 40 $. So can anyone confirm this claim?
Ignored
There current rollover rates are as posted at http://www.fxdd.com/rolloverrates.html. I checked the GBPJPY rate online against the swap rate on my demo account on Thursday and they were identical. Remember that on Wednesday, the rates posted will be triple what they normally are.
Yes, they do have good rates. But only 40:1 leverage! Do you have any idea where to find GBP/CHF 30 $ rollover? Man Financials got it, but leverage is not suitable...
Yes, they do have good rates. But only 40:1 leverage! Do you have any idea where to find GBP/CHF 30 $ rollover? Man Financials got it, but leverage is not suitable...
Ignored
Here's my chat conversation. By the way, where did you get the 40:1 figure? I went to this site for Man Financial: http://www.manfinancialfx.ca/open-an-account.html. I'd love to open an account with them and use an interest swap strategy. But, I haven't been able to find an interest free account, unless I have religious constraints preventing me from paying or receiving interest. Know of any interest free brokers out there?
Man Financial FX 1: You are now connected with a Man Financial FX representative. How can I help you? User: Hi. What kind of leverage do you offer on the 100k account? Man Financial FX 1: 100:1 is the leverage available
I just checked Man Financial, man they offer 200:1 on mini! This is GREAT! I'll open demo with them to check their rollover rates again. By the way I sent you interest free account broker list by mail.
There current rollover rates are as posted at http://www.fxdd.com/rolloverrates.html. I checked the GBPJPY rate online against the swap rate on my demo account on Thursday and they were identical. Remember that on Wednesday, the rates posted will be triple what they normally are.
Today, when Non Farm Payrolls were released, FXDD's spread for the GBP/USD was around 50 Pips. If you didn't have a stop on greater than 50 pips, you probably got stopped out. FXDD claims that they get their spreads off of the interbank market. I watched several feeds including MB Tradings feed (supposed to be interbank market) and MB's spread never came close to 50 pips. FXDD's spreads did finally settle down after about 5 minutes or so. Then, at about 8:38 AM EST, FXDD's system went down. I never read or experienced anything bad about FXDD, but there is always a first time and this was the time.
Ho hum. Same old stuff. Yet another broker that's difficult to rely on.
I've had problems with orders several times now with FXDD. Currently, I'm in the middle of my NFP trade, but, my platform is frozen. I called and found out that their server has crashed. So, I tried calling the dealing desk to close one of my orders and they aren't accepting orders by phone. There is no way right now to manage orders with FXDD. It's now 33 minutes past the NFP report and their server has been down for 25 minutes. Ugggh!
Ho hum. Same old stuff. Yet another broker that's difficult to rely on.
I've had problems with orders several times now with FXDD. Currently, I'm in the middle of my NFP trade, but, my platform is frozen. I called and found out that their server has crashed. So, I tried calling the dealing desk to close one of my orders and they aren't accepting orders by phone. There is no way right now to manage orders with FXDD. It's now 33 minutes past the NFP report and their server has been down for 25 minutes. Ugggh!
Ho hum. Same old stuff. Yet another broker that's difficult to rely on.
I've had problems with orders several times now with FXDD. Currently, I'm in the middle of my NFP trade, but, my platform is frozen. I called and found out that their server has crashed. So, I tried calling the dealing desk to close one of my orders and they aren't accepting orders by phone. There is no way right now to manage orders with FXDD. It's now 33 minutes past the NFP report and their server has been down for 25 minutes. Ugggh!
Ignored
I think it was intentional , just to screw a lot of people who trades the NFP
Sogt, you made the comment that Forex.com is a no-no. Could you be more specific as to why. I have been using them for a small size account. I am soon going to considerably larger size and am shopping for the best broker.
Thanks
I also noticed FXDD was widening spread on GBP/USD today. But I was too nervous to watch both markets and news cast to discern the exact spead, the time and the duration of FXDD's spread jump.
Can anyone confirm that 50p (given and take) G/U spread happened
- right before the release - how many minutes or seconds prior?
- exactly during the release/broadcast?
- or right after the NFP release, and lasted for how many minutes?
I had been thinking about putting in both long and short stop entry orders 15p away from the market with 10p stop loss. Would have been burned badly by the spread jump, wouldn't I?
I also noticed FXDD was widening spread on GBP/USD today. But I was too nervous to watch both markets and news cast to discern the exact spead, the time and the duration of FXDD's spread jump.
Can anyone confirm that 50p (given and take) G/U spread happened
- right before the release - how many minutes or seconds prior?
- exactly during the release/broadcast?
- or right after the NFP release, and lasted for how many minutes?
I had been thinking about putting in both long and short stop entry orders 15p away from the market with 10p stop loss. Would have been burned badly by the spread jump, wouldn't I?
Yes, that was exactly what I experienced this morning. 50-PIP SPREAD!!! on the GBP/USD about 2-3 minutes after the news release. This was the most astounding thing I have experienced in my trading career. It scared me like a monster.
Then after a while the platform got frozen. You cannot close trades or open new trades. I called their customer service and they said they would fix it in 5 or 10 minutes but later on it took almost an hour for the platform to function normally.
Then when the Euro was around 2900, something even more weird happened. My trade closed itself. I was watching the price fluctuation when suddenly I heard the "click" sound which usually symbolled a successful opening or closing of a trade. And when I looked at my trades, the trade closed itself at 2895.
I have no idea how this happened....
If widening of the spread could be attributed to bank quotes,
If the frozen of the platform could be explained as technical issues,
then how can this be explained? I don't have a stop, and my limit was 2930, way beyond the price. Furthermore, I have plenty of margin in my account. Anyway, I am looking forward for their explanation.
I tend to be a happy customer with FXDD but today it scared me so much that I have to reconsider everything about them. Just to let you guys know about my experience. I earned some profits this morning but I was not happy. I luckily got into the trade today before the wide spread but next time, who knows where my luck is going to be?
Quoting Pipsman
Disliked
Hi nd1377 and all,
I also noticed FXDD was widening spread on GBP/USD today. But I was too nervous to watch both markets and news cast to discern the exact spead, the time and the duration of FXDD's spread jump.
Can anyone confirm that 50p (given and take) G/U spread happened
- right before the release - how many minutes or seconds prior?
- exactly during the release/broadcast?
- or right after the NFP release, and lasted for how many minutes?
I had been thinking about putting in both long and short stop entry orders 15p away from the market with 10p stop loss. Would have been burned badly by the spread jump, wouldn't I?
Today, when Non Farm Payrolls were released, FXDD's spread for the GBP/USD was around 50 Pips. If you didn't have a stop on greater than 50 pips, you probably got stopped out. FXDD claims that they get their spreads off of the interbank market. I watched several feeds including MB Tradings feed (supposed to be interbank market) and MB's spread never came close to 50 pips. FXDD's spreads did finally settle down after about 5 minutes or so. Then, at about 8:38 AM EST, FXDD's system went down. I never read or experienced anything bad about FXDD, but there is always a first time and this was the time.
Ignored
50 pips spread. It's a joke.
Anyone who sees a 50 pips spread on their trading platform should immediately be looking for a new broker. It is not interbank spread since FXDD is a Market Maker and can make their spreads whatever they want it to be. This is just outrageous.
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Joined Jun 2006
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Status: Zig n' Zag like a Wolfe Wave Bishop
|204 Posts
Quoting Adrian
Disliked
Sogt, you made the comment that Forex.com is a no-no. Could you be more specific as to why. I have been using them for a small size account. I am soon going to considerably larger size and am shopping for the best broker.
Thanks
Ignored
Adrian, its just my personal bias. I don't like brokers (market makers, no choice we have to use them until our account swells to over 100K in order to use ECN brokers/interbank like Currenex.com) who supplies a Java-based platform to trade. Honestly, even my GFTforex platform (not Java-based,developed by in-house team) has a delay when filling market orders on NFP & GBP int rate hike news.
I heard that FXSOL.com is good fill for 20 standard lots during normal market conditions although some bigshot has claimed to trade >100 std lots with them.
I 'personally' still do not trust MetaTrader 4 platform used by various brokers. I feel a broker who goes out to create their own platform shows a greater lvl of professionalism & longstay in their market-making biz. Examples are GFTforex.com & FXSOL.com +etc except FX_ _. I have little trust for Eastern European, Cyprus& offshore account havens, and Swiss brokers. Safest is USA, Canadian, Singapore, Commonwealth countries & Western Europe. There may be good quality others out there but not in the English language of communication.
For those hunting for brokers based on spread, any spreads above GFT & FXSOL (look at majors & fav crosses), means they're overcharging you. If they're charging less, it may be good but research also of platform reliability, net credit & debit for 'carry trade' honoured, stop losses honoured. [Info: FX_ _ states they sometimes do not honour stops. Juz gives me the creeps.]
