This ECN is bad and has slippage | Forex Factory

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This ECN is bad and has slippage

  • #1
  • First Post: Sep 23, 2015 3:33am Sep 23, 2015 3:33am
I just switched from Exness mini account to Exness ECN and its bad. The reason i switched from the mini account is because they have a ridiculous limit order rule where you have to have a minimum of X pips for the entry and stoploss of your orders, which is a bad thing if you always use limit orders.

For the ECN, I have had many slippages. The slippage only happens when your stoploss is hit and very seldom for when you take profit. Out of 10 trades, i have had my stoploss slipping more than 0.2-0.8 pips per entry in 9 times, thus enhancing my losses more.

And out of 10 trades, only 1 trade of take profit will have slippage for like 0.2 pips, thus enhancing my winnings for a mere little profit. The rest of the 9 trades hit perfectly the TP point even though the price shoots fast into my direction. Any common sense people will think wtf is this, only slipping the stoploss orders and not the take profit orders. This makes you wonder how shady the broker is. Only enhancing your losses and not for your profits. Big red flag here.

The limit orders are worse, i just had a 2.4 pips slippage for eur/usd earlier on and its not even any news time. Just normal trading hours. Most limit orders will be slipped for at least 0.5 pips and above. Not to mention i am paying for the commisions already for the ECN.

All in all, i would strongly recommend anyone to NOT go for exness as a broker.

Anyone who is with Exness ECN care to chime in here? or maybe it is just me?
  • #2
  • Sep 23, 2015 3:45am Sep 23, 2015 3:45am
i share bad time with this broker plus you are and your money hunted for sure ,for successors they refuse to open accounts they did it with me plus i am trading small​
i think you should switch from them and stop using metatrader they steal with it your money and dreams
have a nice day please
focus while relaxed to see better
  • #3
  • Sep 23, 2015 4:21am Sep 23, 2015 4:21am
Quoting keikor
I just switched from Exness mini account to Exness ECN and its bad. The reason i switched from the mini account is because they have a ridiculous limit order rule where you have to have a minimum of X pips for the entry and stoploss of your orders, which is a bad thing if you always use limit orders. For the ECN, I have had many slippages. The slippage only happens when your stoploss is hit and very seldom for when you take profit. Out of 10 trades, i have had my stoploss slipping more than 0.2-0.8 pips per entry in 9 times, thus enhancing my losses...
keikor I totally agree with you . EXNESS reply keikor post i m eagerly awaiting ur reply .
  • #4
  • Sep 23, 2015 6:09am Sep 23, 2015 6:09am
i suffered withdrawal issue with them in the past.
  • #5
  • Sep 23, 2015 4:12pm Sep 23, 2015 4:12pm
Quoting entheos
i suffered withdrawal issue with them in the past.
This was one of the things that made me join them in the past, but there were double standards, i mean if the withdrawals were lower amount it was instantly given, but the moment we make big money, it use to take long time and many other issues. I never faced much trouble with slippage because i was mainly long term trader, but still there were enough things that made me leave it.
  • #6
  • Sep 23, 2015 7:31pm Sep 23, 2015 7:31pm
Dear keikor, I have replied to you in our official thread.

orabi, msqtrader, entheos, Fedricks, please contact me in our thread as well in case you need more clarifications on the issues you described in your posts here.
  • #7
  • Sep 24, 2015 6:00am Sep 24, 2015 6:00am
i think that is the risk using ECN Account with any brokers because they are deliver raw spreads
and dont forget count the commisions as trading cost

i sometimes have slipagage problem with my tickmill ECN account, but i understand that is trader risk because we will have slipage problems and widening spreads problem.

as long as its normal and you can trade freely , i think its fair
if you hate slipages , the solution is open an account with fixed spreads broker . but this kind of broker usually has trading restrictions like scalping restrictions or news trading restrictions and can cancel our hard earned profit if they think we are breaking their trading terms
  • #8
  • Sep 24, 2015 2:53pm Sep 24, 2015 2:53pm
Quoting EXNESS
Dear keikor, I have replied to you in our official thread. orabi, msqtrader, entheos, Fedricks, please contact me in our thread as well in case you need more clarifications on the issues you described in your posts here.
Although I am not any longer trading with Exness yet I feel happy that at least they are willing to correct mistakes or errors. Hope all the people who are working with them currently get their problem solved.
  • #9
  • Sep 25, 2015 4:56am Sep 25, 2015 4:56am
Quoting stealthepip
i think that is the risk using ECN Account with any brokers because they are deliver raw spreads and dont forget count the commisions as trading cost i sometimes have slipagage problem with my tickmill ECN account, but i understand that is trader risk because we will have slipage problems and widening spreads problem. as long as its normal and you can trade freely , i think its fair if you hate slipages , the solution is open an account with fixed spreads broker . but this kind of broker usually has trading restrictions like scalping restrictions...
ECN's are good with their raw spreads, but slippage is common for any type of broker, whether its ECN or STP. I prefer to use raw spread+commission too cuz there is more space for SL to get it triggered (better for scalper)
  • #10
  • Last Post: Sep 25, 2015 8:33am Sep 25, 2015 8:33am
Quoting keikor
I just switched from Exness mini account to Exness ECN and its bad. The reason i switched from the mini account is because they have a ridiculous limit order rule where you have to have a minimum of X pips for the entry and stoploss of your orders, which is a bad thing if you always use limit orders.
In most MT4 brokers there is no difference between limit and market order execution. This is because limit orders are actually more like pending market orders than what most other markets (i.e. not spot FX) consider limit orders - passive interest where you actually make the market.

Of course the difference for some is more about just being able to leave an order in the market and have it done when the price is triggered. If this is what you are after and you don't want to have to deal with the minimum distance between current price and where you want to place an order you could consider using an EA to manage this for you.

One way of doing this is the place your pending orders into a spreadsheet and have the EA reference this sheet before placing orders subject to your conditions. This method allows you to use more than price to trigger the entry or stop, you could use time, price movement anything you can think off.

Try posting a job here (https://www.mql5.com/en/job) to see if a developer can meet your budget.
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