Difference in price between brokers is ridiculous | Forex Factory

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Difference in price between brokers is ridiculous

  • #1
  • First Post: Edited 1:01pm Oct 18, 2015 12:50pm | Edited 1:01pm
Check out the DAX from 16th October from three brokers. Highlighted some important areas.

FxPro cTrader
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ICMarkets MetaTrader 4
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FXCM Trading Station
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We're talking at least 50+ pips difference. Also, THIS might be an interesting read.
"...25% of the time I was trading the firm's money, while 75% of the time I was tasked with figuring out which clients we could bet against and which clients we should target to attempt to reverse engineer their strategies...". Don't know how reliable that is, but still interesting.
Energy, frequency and vibration.
  • #2
  • Oct 18, 2015 1:50pm Oct 18, 2015 1:50pm
Quoting drammen
Check out the DAX from 16th October from three brokers. Highlighted some important areas. FxPro cTrader {image} ICMarkets MetaTrader 4 {image} FXCM Trading Station {image} We're talking at least 50+ pips difference. Also, THIS might be an interesting read. "...25% of the time I was trading the firm's money, while 75% of the time I was tasked with figuring out which clients we could bet against and which clients we should target to attempt to...
You just discovered arbitrage!!!

In economics and finance, arbitrage (US /ˈɑrbɨtrɑːʒ/, UK /ˈɑrbɨtrɪdʒ/, UK /ˌɑrbɨtrˈɑːʒ/) is the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices.
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #3
  • Oct 20, 2015 3:45pm Oct 20, 2015 3:45pm
Quoting Lacunoide
{quote} You just discovered arbitrage!!! In economics and finance, arbitrage (US /ˈɑrbɨtrɑːʒ/, UK /ˈɑrbɨtrɪdʒ/, UK...
It's still ridiculous though. I have heard a difference in couple of pips, but not by this scale.

This is DAX M1from 19th October.

FxPro Ctrader
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FXCM Trading Station
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Metatrader 4 ICmarkets
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IG Markets
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Energy, frequency and vibration.
  • #4
  • Oct 21, 2015 12:35am Oct 21, 2015 12:35am
Compare the charts with the one on this site: http://www.investing.com/charts/currency-charts
Make sure you select DE30 Future, not index.
I used to trade CFD's with ActivTrades and their price always matched the correct futures prices.
  • #5
  • Oct 26, 2015 1:23pm Oct 26, 2015 1:23pm
Quoting drammen
{quote} It's still ridiculous though. I have heard a difference in couple of pips, but not by this scale. This is DAX M1from 19th October. FxPro Ctrader {image} FXCM Trading Station {image} Metatrader 4 ICmarkets {image} IG Markets {image}
I see they are same, aren't they?
  • #6
  • Nov 6, 2015 4:05am Nov 6, 2015 4:05am
In flat market their charts may bear great resemblance but during high volatility or news trading its important to consider slippage or spread widenings difference as this problem most traders are facing with..
  • #7
  • Nov 8, 2015 6:55pm Nov 8, 2015 6:55pm
It' ridiculous that people trade with MM are using their making price. Before trade with any MM broker you guy should read the review about what's percentage of customer of that broker is profitable, burned their account.... It's very different from broker to another broker. It's best to choose an ECN broker to trade with real data price
  • #8
  • Last Post: Nov 9, 2015 2:04am Nov 9, 2015 2:04am
Quoting trader2077
It' ridiculous that people trade with MM are using their making price. Before trade with any MM broker you guy should read the review about what's percentage of customer of that broker is profitable, burned their account.... It's very different from broker to another broker. It's best to choose an ECN broker to trade with real data price
Easy in theory but hard to put into practice. Only consistent profitable trading can show how good is your broker at filling your orders and profit paying..
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