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More Volumes = Best Broker (study on some brokers)

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  • #1
  • First Post: Jul 10, 2015 5:53pm Jul 10, 2015 5:53pm
بسم الله الرحمن الرحيم
this thread will be dedicated for special study of four famous forex brokers: ACTIVETRADES- - OANDA_UK- LCG - Fxpro (may include others)

We are goint to compare theier volumes according to metatrader VOLUME statistics.

in advance I can arrange them like that: LCG then Fxpro then active-trades and finally OANDA-UK.

TO BE CONTINUED
  • #2
  • Jul 10, 2015 5:56pm Jul 10, 2015 5:56pm
due to different timing of each broker meta-trader platform, the study will be conducted on weekly-basis.
all brokers agree on the following time-series frames: 1H+1W+ (FRAMES LESS THEN 1 HOUR)
  • #3
  • Jul 11, 2015 1:23pm Jul 11, 2015 1:23pm
Volumes during last week
Attached Image
  • #4
  • Jul 11, 2015 2:26pm Jul 11, 2015 2:26pm
Hey thanks for sharing your research,

If it's not too much trouble would you include the Broker Pepperstone?
A Positive Mind, and Positive Spirit lead to True Happiness
  • #5
  • Jul 11, 2015 5:19pm Jul 11, 2015 5:19pm
Quoting Rparm
Hey thanks for sharing your research, If it's not too much trouble would you include the Broker Pepperstone?
of course, but i do not have a live account with them.

if you have one u can sent on private investor passorsd, to check.

and it is better to aplly the following expert on any chart and feedback us here:
Attached File(s)
File Type: ex4 Al_Raqeem_VOLUME.ex4   21 KB | 460 downloads
  • #6
  • Jul 11, 2015 11:41pm Jul 11, 2015 11:41pm
Will do
Thanks very much!
A Positive Mind, and Positive Spirit lead to True Happiness
  • #7
  • Jul 12, 2015 11:05am Jul 12, 2015 11:05am
MyFxBook also tracks broker volume:

http://www.myfxbook.com/forex-broker-volume

They don't seem to tally it up like your indicator does, but they highlight the lowest and highest volumes in realtime per each m1 bar.

If you wanted a shortlist of brokers to watch, this would be a good place to narrow it down.

Just check the link during London or NY session opens to see where the most volume is.
  • #8
  • Jul 12, 2015 12:40pm Jul 12, 2015 12:40pm
Quoting FXKabab
MyFxBook also tracks broker volume: http://www.myfxbook.com/forex-broker-volume They don't seem to tally it up like your indicator does, but they highlight the lowest and highest volumes in realtime per each m1 bar. If you wanted a shortlist of brokers to watch, this would be a good place to narrow it down. Just check the link during London or NY session opens to see where the most volume is.
thank yoy dear
my indicator for all frames.
but you know you can noy compare brokers with diff. 0-hour for all frames.
only weekly and 1h and lower are valid.
  • #9
  • Jul 12, 2015 2:58pm Jul 12, 2015 2:58pm
Hi alraqeem. Thank you.

LCG seems to be very strong which is quite logical regarding their past as instit broker.
  • #10
  • Jul 12, 2015 5:26pm Jul 12, 2015 5:26pm
Quoting Rparm
Hey thanks for sharing your research, If it's not too much trouble would you include the Broker Pepperstone?
Here is Pepperstone (live account) last week's volume:

Attached Image


They are below average in volume compared to what has been posted so far.
  • #11
  • Jul 12, 2015 5:34pm Jul 12, 2015 5:34pm
Here is VantageFX (live) from last week:

Attached Image


Good volume here compared to the others posted so far.
  • #12
  • Jul 12, 2015 6:11pm Jul 12, 2015 6:11pm
FXKabab
THANK U VERY MUCH
u r smart sinc you understand that C1 means week#1
C0: THIS WEEK
C2: TWO WEEKS AGO
and so on
  • #13
  • Jul 12, 2015 6:14pm Jul 12, 2015 6:14pm
Quoting Unabletrader
Hi alraqeem. Thank you. LCG seems to be very strong which is quite logical regarding their past as instit broker.
what about these days?
i opened a live account with them.
they under test.
i may pose my experience with them HERE.
  • #14
  • Jul 21, 2015 3:51pm Jul 21, 2015 3:51pm
Too bad we couldn't get more participants in this thread..

I was hoping to see some volumes on live FXCM and Oanda accounts, as well as any others.
  • #15
  • Jul 24, 2015 5:48am Jul 24, 2015 5:48am
Checked MyFxbook, can't figure out how to assess this data
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2015-07-24 at 1.46.22 PM.png Size: 67 KB


Does Hotforex have more volume on AUD/CAD or less than indicated?

thanks in advance.
  • #16
  • Jul 26, 2015 10:55am Jul 26, 2015 10:55am
Quoting leebsurag
Checked MyFxbook, can't figure out how to assess this data {image} Does Hotforex have more volume on AUD/CAD or less than indicated? thanks in advance.
MyFxBook only shows volume for the most recent 1 minute candle.

It's better to run Alraqeem's EA for comparisons since we can get the entire weekly volumes.

Do you have a Hot Forex live account? Can you run the EA and post the results in the same format as the others here?
  • #17
  • Jul 26, 2015 10:56am Jul 26, 2015 10:56am
IC Markets Volumes:

Attached Image
  • #18
  • Jul 26, 2015 4:37pm Jul 26, 2015 4:37pm
Isn't it just a tick volume, not actual orders volume?
Because all that you trying to measure here - how many times price changed per given period of time.
Example to show that: I'm a broker "XXX" with no clients. I'm getting some data feed from my liquidity provider. Lets say my liquidity provider change price twice per second. So my volume becomes 120 per minute. Quick math and we would get about 7200 volume per hour and 86400 volume per day.
And no single order to buy or sell.
All you can measure here is quality of the data feed at the best. Even that would be questionable, because some brokers like Oanda "offering" dynamic spread - price changing 3-5 time per second. So their "volume" would be even bigger.
  • #19
  • Jul 26, 2015 8:05pm Jul 26, 2015 8:05pm
Quoting johnnycash
Isn't it just a tick volume, not actual orders volume? Because all that you trying to measure here - how many times price changed per given period of time. Example to show that: I'm a broker "XXX" with no clients. I'm getting some data feed from my liquidity provider. Lets say my liquidity provider change price twice per second. So my volume becomes 120 per minute. Quick math and we would get about 7200 volume per hour and 86400 volume per day. And no single order to buy or sell. All you can measure here is quality of the data feed at the best....

Pretty much.

But I would assume for price to change (tick) there would have to be some activity (transactions) there - whether at the broker side or LP.

To be honest, I'm not sure why I'm so interested in this.
I would think a scalper would be more interested in this type of information, and that I am not... maybe just a mix of boredom and curiosity.

Anyway, I would also assume that the more tick (activity) the lower the spread and the less chance of slippage and requotes?

It would be intersting to see if the tick volume is lower on a broker that is notorious for requotes (might be some correlation there).

And, like you mentioned.. if it's not the broker, but the LP feed that is causing the tick volume.. well, wouldn't you want a broker who uses an LP that is more active - assuming all else is equal, that is?
  • #20
  • Jul 27, 2015 2:49am Jul 27, 2015 2:49am
Quoting johnnycash
Lets say my liquidity provider change price twice per second. So my volume becomes 120 per minute. Quick math and we would get about 7200 volume per hour and 86400 volume per day.
An idea came into my mind and I'd like to share it here. As I understand slippage on orders comes from price that changes too quickly (too much), right? The less are changes (tick volume) the more is chance to get our trades executed at the exact price we sent the order. What do you think if any statistical comparison can help to figure out broker with most stable feed, thus less slippage? Or I'm wrong at somewhere?
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