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LMAX = revolution?!?

  • #1,821
  • Aug 16, 2015 12:47am Aug 16, 2015 12:47am
Quoting sc0rpi0n
Now after I've withdrawn my money I'll tell you about the so to say "revolution". They widened spread till at least 28.3 pips at 2015.06.23 7:30:00 UTC 0. That time the minor news on Germany were released. I've checked in truefx.com, DUKASCOPY and other broker's ticks history (you can see below) and have seen that highest Ask price that time was 1.12824, which is much far from my stop loss (1.12919). Now look what they did - they closed my order with slippage 16.9 pips at price 1.13088 !!!!!! I've lost a lot of money and now I tell it here. Everyone...
hi,
Do you have account with truefx?
what is min. deposit to open account?
what is min.contract size?
  • #1,822
  • Aug 16, 2015 11:55pm Aug 16, 2015 11:55pm
Quoting entheos
{quote} hi, Do you have account with truefx? what is min. deposit to open account? what is min.contract size?
http://www.truefx.com/?page=faqs

Can I trade on TrueFX prices?
If you are interested in trading on TrueFX based prices, we encourage you to contact one of our TrueFX Partner brokers who would be happy to assist you. If you are interested in using the TrueFX feed, or any of the historical data, this information is available to you free of charge on TrueFX.com.
  • #1,823
  • Aug 22, 2015 3:15am Aug 22, 2015 3:15am
Quoting Coolleen
{quote} http://www.truefx.com/?page=faqs Can I trade on TrueFX prices? If you are interested in trading on TrueFX based prices, we encourage you to contact one of our TrueFX Partner brokers who would be happy to assist you. If you are interested in using the TrueFX feed, or any of the historical data, this information is available to you free of charge on TrueFX.com.
hi,
Grobal Prime is your partner?
I did test their trading condition.
They offer the same margin for all pairs.
i.e.
If you trade on leverage 1:200,1lot ,account base currency usd,
required margin for all pairs is 500usd.
eurusd,usdjpy,gbpusd,audusd,,,,,all pairs required 500usd.
It is impossible to offer the same margin for all pairs under the real market condition.
It should be MM.
  • #1,824
  • Aug 22, 2015 6:57am Aug 22, 2015 6:57am
Quoting entheos
{quote} hi, Grobal Prime is your partner?.....
No,i'm not affiliated with truefx or global prime.

truefx is not a broker. if you wish to trade on truefx based prices you must open an account with one of their partner brokers.

  • #1,825
  • Aug 24, 2015 7:04pm Aug 24, 2015 7:04pm
Hi,Lmax users.
Yesterday,
I found something strange on their web platform.
My account base currency is USD.
I did trade Non-usd pairs.
I did trade UsdJpy. 10Q`ty=1lot.
rate is maybe 121.xx
and i did close my position.
i had not position.
but
i noticed my balnace is continue changing. us$9955.49,,,us$9955.24,,,
so i did contact their supporter.
their answer,
so your trades in different currencies will be converted at an average price of the last minutes of the market open.
the average of the prices from 9:55-10:00 uk time is the exchange rate at which your different currency P/L will be converted into your account base currency.
yesterday usdjpy plummeted .
now my balnace 9872.xx
If you trade Non-your account base currency,
even though you did close position,
the closed position affect your balance.
then
If the second SNB happens,
If usdjpy plummeted toward @100.00,
How my account?
  • #1,826
  • Aug 25, 2015 3:29am Aug 25, 2015 3:29am
Quoting entheos
Hi,Lmax users. Yesterday, I found something strange on their web platform. My account base currency is USD. I did trade Non-usd pairs. I did trade UsdJpy. 10Q`ty=1lot. rate is maybe 121.xx and i did close my position. i had not position. but i noticed my balnace is continue changing. us$9955.49,,,us$9955.24,,, so i did contact their supporter. their answer, so your trades in different currencies will be converted at an average price of the last minutes of the market open. the average of the prices from 9:55-10:00 uk time is the exchange rate at...
This is sick.
:: everything is awesome ::
  • #1,827
  • Sep 9, 2015 6:08pm Sep 9, 2015 6:08pm
I won't recomend LAMAX for news trading at all!
I can't believe how can be liquidity provider and what do those ECN brokers which are in contract with this one!

GBP/USD gap at GBP news relase
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.lmxM15.png Size: 231 KB


GPB/NZD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.lmxM15.png Size: 222 KB

System shut down: MT4 and MT4 mobile too! - after 5 min they came back with enormous, incredible spreads for another 15 min

This was at 14:30 and 24:00 my time so in less then 10h such a thing! This is a GAP provider and not a liquidity provider!


The support is good an no withdraw problem until now and still better a gap provider then a spike provider ( like FXPRO)
I want to buy PATIENCE
  • #1,828
  • Sep 10, 2015 12:23am Sep 10, 2015 12:23am
I heard they don't allow trading at news, what kind of ecn broker is that lol bucketshop
Bulls are stupid Animals!especially when Im short!
  • #1,829
  • Sep 10, 2015 3:20am Sep 10, 2015 3:20am
Quoting roughtrader
I heard they don't allow trading at news, what kind of ecn broker is that lol bucketshop
Are you sure about that? I trade through lmax and on news sometimes. I see no problems
  • #1,830
  • Sep 23, 2015 4:54pm Sep 23, 2015 4:54pm
it's night, not news time.
Eurusd spread is 4-11 point, here I have 70-85 now
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.lmxM1.png Size: 76 KB
I want to buy PATIENCE
  • #1,831
  • Nov 2, 2015 11:08am Nov 2, 2015 11:08am
Hello,
Does anyone have real account LMAX? I need of aid.
Thank you.
  • #1,832
  • Feb 28, 2016 7:27am Feb 28, 2016 7:27am
Lmax live account execution is good, costs are reasonable, price feed is indeed a bit different as is with many brokers. This might be caused by the mix of liquidity providers and exchange liquidity. Swaps are negative both ways often. So not the best swaps. Spreads are ok. Historical data is very limited on a lot of products, you might want to import your own historical data on weekly and monthly charts.

Now suddenly after a few years they send me a list of questions on the sources of the funds in my account AND outside of my account. And lock up my account if I don't reply to them. The questions concern both the money in the account and other money that is available for investing. The form needs to be signed stating that they can force me to answer further questioning in order to update their records.

Just want to warn people. Anti money laundering measures are one thing, but this is blackmail.
  • #1,833
  • Feb 28, 2016 8:13am Feb 28, 2016 8:13am
Quoting BulletTooth
Lmax live account execution is good, costs are reasonable, price feed is indeed a bit different as is with many brokers. This might be caused by the mix of liquidity providers and exchange liquidity. Swaps are negative both ways often. So not the best swaps. Spreads are ok. Historical data is very limited on a lot of products, you might want to import your own historical data on weekly and monthly charts. Now suddenly after a few years they send me a list of questions on the sources of the funds in my account AND outside of my account. And lock...
I once considered LMAX as my next broker but with several negative feedback, I am reconsidering this.... Thank you anyway for sharing your experience.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,834
  • Mar 19, 2016 2:18am Mar 19, 2016 2:18am
Quoting roughtrader
I heard they don't allow trading at news, what kind of ecn broker is that lol bucketshop
http://www.forexpeacearmy.com/public...w/www.lmax.com ↓

Lorenz V., Germany, Germany
Rating: * *
Date of Post:2014-07-08
Review: Unfortunately they are not a real exchange which "just matches orders" as they pretend. You are NOT welcome there if you make profits during news trading - just like at the old market maker brokers, and even those dont forbid news trading nowadays.

But to make it short, Ive received this nice email from LMAX:

"...There has been news trading activity on your account and you have carried this out on quite a few occasions recently. You cannot carry on news trading, so please stop this immediately or your account will be suspended if this continues.

Here are a couple of the trades you have done, that are categorized as news trading:..."

Why the heck would a EXCHANGE that just matches orders actually care about my trading style? That kills the whole approach of a neutral and just order matching exchange. Additionally they now tend to "grey out" quotes during news, so that you cant even place orders. Unbelievable, they are history for me as theyve completely failed to deliver what they actually want to be.
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #1,835
  • Mar 19, 2016 5:31am Mar 19, 2016 5:31am
Quoting Phylo
{quote} http://www.forexpeacearmy.com/public...w/www.lmax.com ↓ Lorenz V., Germany, Germany Rating: * * Date of Post:2014-07-08 Review: Unfortunately they are not a real exchange which "just matches orders" as they pretend. You are NOT welcome there if you make profits during news trading - just like at the old market maker brokers, and even those dont forbid news trading nowadays. But to make it short, Ive received this nice email from LMAX: "...There has been news trading activity on your account and you have carried this out...
LOL There is no question about it, they are on the other side of the trades, that is the only reason they would not allow news trading, or they are so badly funded they can't even hedge risk, I guess they really hate when you win, do they even pay out?
after hearing this, I'm so glad I never opened an account with them, I actually was thinking about it once.
what to say? avoid like plaque folks!
Bulls are stupid Animals!especially when Im short!
  • #1,836
  • Mar 24, 2016 4:11am Mar 24, 2016 4:11am
Hey traders,

We are pleased to announce great news! Our trading platform PTMC (Protrader Multi-Connect) is now available through LMAX broker!
Attached Image (click to enlarge)
Click to Enlarge Name: PTMC-LMAX.png Size: 118 KB


For traders this news mean that you get access to advanced panels such as Market Depth, Matrix, etc.

Also, traders will appreciate the ability to close individual position for the same trading instrument and do not close positions by FIFO or LIFO rules. That means that each new position does not summarized with already existing positions in the same direction.

Keep testing and using PTMC as well as writing your feedback about applications functionality on our forum or in this thread.
Your experience starts with Protrader Multi-Connect
  • #1,837
  • Mar 24, 2016 8:04am Mar 24, 2016 8:04am
How humble it is, no platform like MT4.... Testing LMAX MT4 and it works without any major issues. What I don't like however is its server time is GMT+0, instead of GMT+3.
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #1,838
  • Mar 24, 2016 8:09am Mar 24, 2016 8:09am
In our platform you can change timezone that is more suitable to you!
Your experience starts with Protrader Multi-Connect
  • #1,839
  • Oct 3, 2016 9:56am Oct 3, 2016 9:56am
If you guys are a pure news trader, with smaller trade size, best place would be CME futures.
Unfortunatly professional news traders are not welcome in Spot market. Reason is very simple. If you make money, the broker or banks behind the broker (market maker) are loosing money.

At the end either the broker or the bank price to broker is the market maker. Some one has to win and some one has to loose.

LMAX is exchange. LPs behind LMAX providing prices (market makers) on one side and you the trader on the other side.

banks don't like you if you put your had in their pot and taking their money
  • #1,840
  • Oct 3, 2016 10:40pm Oct 3, 2016 10:40pm
Quoting sam-uk12
If you guys are a pure news trader, with smaller trade size, best place would be CME futures. Unfortunatly professional news traders are not welcome in Spot market. Reason is very simple. If you make money, the broker or banks behind the broker (market maker) are loosing money. At the end either the broker or the bank price to broker is the market maker. Some one has to win and some one has to loose. LMAX is exchange. LPs behind LMAX providing prices (market makers) on one side and you the trader on the other side. banks don't like you if you put...
yes, totally agree with you, no one want to lose money, no mater you are trading with brokers, or banks, you are the weak side.
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