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  • #561
  • Jan 19, 2016 10:45am Jan 19, 2016 10:45am
Quoting shrike
Not good compared to what. Compared to what a retail trader has access its doing fine.
Retail trader has acces to IB and Im pretty sure IB is better than LMAX
  • #562
  • Jan 19, 2016 10:47am Jan 19, 2016 10:47am
Quoting j4d
{quote} Hey Plotinus.. Thanks for sharing ..... If you had a starting point of $250,00-300,00 AUM and you wanted to trade a basket of instruments I.e. fixed income- FX - indices, but not equities, what POP's would you look at ? Cheers ..Ja
Saxo, think their minimum is 50 k though. Saxo one of the rare providers out there who could cross margin products as well as let you use bonds as collateral.
  • #563
  • Jan 19, 2016 10:47am Jan 19, 2016 10:47am
Quoting j4d
{quote} Hey Plotinus.. Thanks for sharing ..... If you had a starting point of $250,00-300,00 AUM and you wanted to trade a basket of instruments I.e. fixed income- FX - indices, but not equities, what POP's would you look at ? Cheers ..Ja
You could always PM me and I could point you to some places
  • #564
  • Jan 19, 2016 11:09am Jan 19, 2016 11:09am
Quoting plotinus82
{quote} You could always PM me and I could point you to some places
OK.. thanks for your help
Memories caught in time but never forgotten
  • #565
  • Jan 20, 2016 5:08am Jan 20, 2016 5:08am
Quoting plotinus82
{quote} Retail trader has acces to IB and Im pretty sure IB is better than LMAX
If you don't mind, could you please elaborate on your comment? I'm interested in LMAX as it natively supports MT4...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #566
  • Edited 6:54am Jan 20, 2016 6:04am | Edited 6:54am
Quoting heispark
{quote} If you don't mind, could you please elaborate on your comment? I'm interested in LMAX as it natively supports MT4...
I don't think it's possible to elaborate Heis.

Try both out as there are fans/non-fans of both brokers.

I've been using IB for many years and have no problems apart from their software so I use Button trader for order entry which is a 3rd party add-on.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #567
  • Jan 20, 2016 4:47pm Jan 20, 2016 4:47pm
Quoting Calculus
{quote} I don't think it's possible to elaborate Heis. Try both out as there are fans/non-fans of both brokers. I've been using IB for many years and have no problems apart from their software so I use Button trader for order entry which is a 3rd party add-on.
Ok, I see. I don't like 3d party add-on as it adds up additional trading cost. I recently dumped Dukascopy as well. JForex (and all the other trading platforms from Dukas) is just a crap, and no matter what people say I like MT4...
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #568
  • Jan 21, 2016 3:00pm Jan 21, 2016 3:00pm
Quoting heispark
{quote} Ok, I see. I don't like 3d party add-on as it adds up additional trading cost. I recently dumped Dukascopy as well. JForex (and all the other trading platforms from Dukas) is just a crap, and no matter what people say I like MT4...
MT4 is part of why retail players lose money.
It was designed for B-Booking.
It has latency because of a bridge connection I could go on ..

But as long as you are happy with it that's all that matters.
  • #569
  • Jan 21, 2016 3:10pm Jan 21, 2016 3:10pm
I dont understand the concept of B-Booking equals loosing money (in the retail space). So you think the (bank) LP's dont b-book/internalize? Nothing different...broker taking risk (DD) or broker passing on risk to a LP that b-books (NDD). But its true, harder to manipulate 'the brokers markets' if you are facing multiple LP's at the broker (even if the broker is also a LP on there)
  • #570
  • Jan 21, 2016 3:22pm Jan 21, 2016 3:22pm
Quoting FlashCall
I dont understand the concept of B-Booking equals loosing money (in the retail space). So you think the (bank) LP's dont b-book/internalize? Nothing different...broker taking risk (DD) or broker passing on risk to a LP that b-books (NDD). But its true, harder to manipulate 'the brokers markets' if you are facing multiple LP's at the broker (even if the broker is also a LP on there)
there is a difference between B-Booking and internalizing.

B-booking is where the trade never gets placed to the market and the broker hopes retail client loses.
Internalisation is where the trade will be wrapped up against other trades and then hedged.

So one is betting against the client and the other is betting against the rate movement.

You will find as the B-Book client makes money and becomes profitable they will be shifted to A Book whereby the trade is then passed through to the LP.
  • #571
  • Jan 21, 2016 3:31pm Jan 21, 2016 3:31pm
Quoting lasty
{quote} there is a difference between B-Booking and internalizing. B-booking is where the trade never gets placed to the market and the broker hopes retail client loses. Internalisation is where the trade will be wrapped up against other trades and then hedged. So one is betting against the client and the other is betting against the rate movement. You will find as the B-Book client makes money and becomes profitable they will be shifted to A Book whereby the trade is then passed through to the LP.
Its the same thing....both brokers and banks are keeping track of clients to see if the flow is profitable (and hedge oppositie positions out with other flow - still flow doesnt go out to the market place - only when they need to exit). Difference is; if the flow for the broker isnt profitable, then they can pass it on to the LP. If the flow isnt profitable for the LP then there are several options for them what to do.

Obv banks dont want to loose money as well on the flow - they are not in loosing money bussines, exactly like the broker they are making pricing into - so they are hoping you are loosing too
  • #572
  • Jan 21, 2016 4:30pm Jan 21, 2016 4:30pm
Quoting FlashCall
{quote} Its the same thing....both brokers and banks are keeping track of clients to see if the flow is profitable (and hedge oppositie positions out with other flow - still flow doesnt go out to the market place - only when they need to exit). Difference is; if the flow for the broker isnt profitable, then they can pass it on to the LP. If the flow isnt profitable for the LP then there are several options for them what to do. Obv banks dont want to loose money as well on the flow - they are not in loosing money bussines, exactly like the broker...
I agree with you about client flow and LP's with your above comments.

However

The B-Book broker is only interested if the client makes or loses money on the position not the executing trades.
This why some B-book brokers offer tighter spreads than the actual market as their is no actual flow.

Whereas the bank is the opposite.It doesn't care about the client position only the executing trades.
  • #573
  • Jan 21, 2016 4:46pm Jan 21, 2016 4:46pm
Not sure if you guys are reading the papers at all. But billions of fines have been paid by banks for screwing clients. They will do it if they think they can get away with it. They are getting fined just every other month. Half the banking business is about how much you can screw clients without going to jail. Here is an example out of many:

http://www.justice.gov/opa/pr/five-m...l-guilty-pleas
  • #574
  • Edited 5:07pm Jan 21, 2016 4:55pm | Edited 5:07pm
Quoting lasty
{quote} I agree with you about client flow and LP's with your above comments. However The B-Book broker is only interested if the client makes or loses money on the position not the executing trades. This why some B-book brokers offer tighter spreads than the actual market as their is no actual flow. Whereas the bank is the opposite.It doesn't care about the client position only the executing trades.
The LP's do really care about clients position, but at the same time they want to swallow up as much flow as possible by execution. If you are a loosing client for the LP, you definitely will get turned off or switch you up to different liquidity as you might know (even liq that stp to another LP or ECN). A handfull of LP's are also quoting tight spreads against retail and institutional clients while the 'actual' market is much widder (depending who they are facing).

The major difference in this case between a broker or a LP is risk capital. Big difference between having millions in capital or billions in capital to play around with, so the broker is way more sensitive to loosing positions then a bank. While the bank LP's do have more meat on the bone, I find them crybabies as well from time to time, due to various of reasons.

Obv the riskprofile is different for a LP when they stream into a retail broker (less sensitive) vs streaming institutional counterparties (more sensitive).

In the end its about making money of of clients and who has more risk-appetite to trade clients flow out (both brokers and LPs are looking for clients to give them the right flow to boost the companies bottomline).

Anyway - most importantly is that you make money and you should trade at a place where you feel comfortable. If the broker is taking the other side of your trade or the LP is taking the other side of your trade...they too want to make money, like you. The only difference between them and you is where you exit. They can walk away from you, but you can also walk away from them.
  • #575
  • Jan 21, 2016 5:07pm Jan 21, 2016 5:07pm
Quoting shrike
Not sure if you guys are reading the papers at all. But billions of fines have been paid by banks for screwing clients. They will do it if they think they can get away with it. They are getting fined just every other month. Half the banking business is about how much you can screw clients without going to jail. Here is an example out of many: http://www.justice.gov/opa/pr/five-m...l-guilty-pleas
Yeah happens all the time, client pays 20 and a half dealer does 50 and covers it.
  • #576
  • Jan 21, 2016 5:08pm Jan 21, 2016 5:08pm
Quoting lasty
{quote} MT4 is part of why retail players lose money. It was designed for B-Booking. It has latency because of a bridge connection I could go on .. But as long as you are happy with it that's all that matters.
Not just that, MT4 is actually a very good product for charting and etc. So it'll make people become very short term traders, MT4 is designed for you to get addicted to the toy and addicted to excessive trading, leading in most cases to losses.
  • #577
  • Feb 10, 2016 7:05am Feb 10, 2016 7:05am
Respected Members,

Could you please let me know which broker would be suitable to trade with, if depositing in the range of $15-20K ?

Please shed some advises as below, on why you suggest them

1) What kind of liquidity they provide?
2) Why do you recommend them, do you trade with them as well ?
3) If yes, what kind of deposit you holding with them - can advise a range ?
4) Are they hungry of where you place your STOPS, and they are excited that you make a LOSS, so they can win ?
5) How long you been trading with them ?

Look forward for a suitable replies..

As choosing a broker is a vital thing, even if you trade superb... your broker will EAT you Up!!
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #579
  • Apr 28, 2016 11:33am Apr 28, 2016 11:33am
Divisa capital,

thank you guys for sharing your thoughts in this forum, its not easy to get some information at this level, may I ask somebody about personal experience with this company? I follow them for some time and now it seems they became FCA regulated with office in UK(a must for me, maybe they were and I am not informed well).

thanks

martin
  • #580
  • May 2, 2016 8:21am May 2, 2016 8:21am
Hi Martin, Divisa has been regulated in UK for a few years. They also are regulated in other countries as well as listed on their website http://www.divisacapital.com/#/license/ . However, they do not offer services to retail clients and focus only on institutional and professional clients. I hope this helps.
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