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True ECN/STP Broker recommendations

  • #41
  • Jan 11, 2016 5:06am Jan 11, 2016 5:06am
My broker can meet those and is ASIC/FSP regulated with a trust bank account. Message me if you are still looking.
  • #42
  • Jan 13, 2016 4:48am Jan 13, 2016 4:48am
Quoting MartynMoxon
I am using ECN Pro account with TradeWiseFx, it is an ECN broker, so pretty safe to work with them. I believe we should always test the broker first before making investment, as most people I see are either stuck with broker given withdrawal issue or struggling because of wrong condition, so I just suggest people to be patient and do work backhand before trading.
I agree with you Martyn. Some of the brokers who are truly giving their best are not given any appreciation. I feel testing brokers : by making the small investment initially and checking if they are making timely withdrawals or taking information from them timely basis and checking the applicability of it gives the best of the score to enjoy the best services.
  • #43
  • Feb 4, 2016 5:09am Feb 4, 2016 5:09am
Anyone here has any experience with Vantage FX RAW ECN account?
  • #44
  • Feb 4, 2016 8:05am Feb 4, 2016 8:05am
Quoting sutivserv
Please can anybody recommend any true ECN/STP brokers that have the following attributes: 1. Maximum leverage of 100:1 2. Minimum lot size of 0.1 3. No stop loss hunting 4. No markup on spread 5. Low commission 6. No slippage 7. No re-quoting 8. Low swap
I have an account with Finprotrading! I deposited $100 and got 100% bonus over it. Leverage is upto 200x though ive kept 20x. Minimum lot size is 0.01!
commission is $4 per 100k which I feel is fair enough. Didnt see any slippage.

Another account I have with is XM brokers...leverage is good too. Different bonus conditions(Bad), min lot size is 0.01, spreads are high bcoz of no commissions. Overall ok! I trade less here!

Chose wisely! Happy Trading! (Y)
  • #45
  • Feb 5, 2016 3:35am Feb 5, 2016 3:35am
ECN broker which I made a deal with was OctaFX, i remember that they don't have commissions at all, but i can't say that there was no slippage, of course it was (moreover i faced positive slipp), but not just an enormous one, it's more like to be called acceptable, I can't say anything about stop loss hunting, I just wasn't the lion's victim, but be attentive with their bonus, if you'll decide to get it, it could be seem as hunting, but as for me it's rather complicated and that's all.
  • #46
  • Feb 5, 2016 4:46am Feb 5, 2016 4:46am
Quoting Taiwei
ECN broker which I made a deal with was OctaFX, i remember that they don't have commissions at all, but i can't say that there was no slippage, of course it was (moreover i faced positive slipp), but not just an enormous one, it's more like to be called acceptable, I can't say anything about stop loss hunting, I just wasn't the lion's victim, but be attentive with their bonus, if you'll decide to get it, it could be seem as hunting, but as for me it's rather complicated and that's all.
there u go: http://www.forexfactory.com/showthre...63#post8711663

by the way - they are an STP, not an ECN in particular.
  • #47
  • Feb 7, 2016 8:53pm Feb 7, 2016 8:53pm
Global Prime? Never heard of them.

Vantage FX have cheap ECN commissions. Google them.
  • #48
  • Feb 8, 2016 5:24am Feb 8, 2016 5:24am
Quoting Drolph
{quote} there u go: http://www.forexfactory.com/showthre...63#post8711663 by the way - they are an STP, not an ECN in particular.
Do you mean that they are not ECN, because they closed your account? The phrase that "I can't prove this" also raises some concerns, I don't think that the broker of such scale would close accounts without any reason...but they really have such a rule, aren't they?
  • #49
  • Feb 9, 2016 8:36am Feb 9, 2016 8:36am
I came across Vipro Markets, STP/ECN CySEC regulation. Have you tried them?
  • #50
  • Feb 9, 2016 9:01am Feb 9, 2016 9:01am
Quoting Taiwei
{quote} Do you mean that they are not ECN, because they closed your account? The phrase that "I can't prove this" also raises some concerns, I don't think that the broker of such scale would close accounts without any reason...but they really have such a rule, aren't they?
Well, there might not be any correlation between their "closing behavior" and their STP status in general, although beeing b-booked could be the reason of the closing which i cannot prove in the end.

Anyway, it does not excuse their acting! They simply closed the account due to the profit it created. I own the trade history in full detail and the same strategy is still valid on a bunch of other brokers without issues. No illegal acting from client side. Matter of fact. U can pm me if u need further prove.
  • #51
  • Feb 9, 2016 9:34pm Feb 9, 2016 9:34pm
Quoting Drolph
{quote} Well, there might not be any correlation between their "closing behavior" and their STP status in general, although beeing b-booked could be the reason of the closing which i cannot prove in the end. Anyway, it does not excuse their acting! They simply closed the account due to the profit it created. I own the trade history in full detail and the same strategy is still valid on a bunch of other brokers without issues. No illegal acting from client side. Matter of fact. U can pm me if u need further prove.
If a broker b-books you and takes a hit, that is their problem not yours. If they close your account because of that then they are a fraud and you need to go to another ECN broker.
  • #52
  • Feb 12, 2016 12:00am Feb 12, 2016 12:00am
Quoting Drolph
{quote} Well, there might not be any correlation between their "closing behavior" and their STP status in general, although beeing b-booked could be the reason of the closing which i cannot prove in the end. Anyway, it does not excuse their acting! They simply closed the account due to the profit it created. I own the trade history in full detail and the same strategy is still valid on a bunch of other brokers without issues. No illegal acting from client side. Matter of fact. U can pm me if u need further prove.

And what strategy are you talking about, just scalping? I guess all the brokers (just all companies in the world, you know) have this kind of rule and they use it from time to time, but I don't know exactly what reason they select while doing this, but it definitely know that it can't be without a reason, I think that they do not have such powers.
  • #53
  • Feb 12, 2016 3:01am Feb 12, 2016 3:01am
The reason is quite simple: they loose money if i am winning in the moment the are keeping the trade inside their house (meaning they are taking the counterpart).

As they state on their website: "scalpers are welcome", this is total scam. Once again, several other brokers work like a charm although it is profitable! If there was a illegal action, they could have named it in their mail concerning the account closing. They didn't as there was no violation. I have attached the original mail in the OctaFX thread - check it there.
  • #55
  • Feb 15, 2016 1:01am Feb 15, 2016 1:01am
Quoting francmorio
Hidden
  • #56
  • Feb 15, 2016 2:51am Feb 15, 2016 2:51am
Found on FPA:

"Review Moderation Team Note: 5 Star rating removed.

This review came from inside the offices of FreshForex.ru.

Per FPA policy, the rating on this review has been set to Zero stars.

Comment:Added by Natalya on 2015-07-06 11:58
We are working to prevent such incidents in future and made internal warning. We will hold investigation regarding each similar incident,"

It seems they have to work harder!
  • #57
  • Feb 16, 2016 6:22am Feb 16, 2016 6:22am
Quoting Drolph
The reason is quite simple: they loose money if i am winning in the moment the are keeping the trade inside their house (meaning they are taking the counterpart).
I don't think that they close accs manually, it's done automatically, when maybe some of rules are violated, actually I don't know why the reason can't be disclosed. Just I personally believe that this forex system can't work like that, just by chance, otherwise how do traders invest so much money in this "crap"?
  • #58
  • Feb 25, 2016 8:57pm Feb 25, 2016 8:57pm
Quoting Drolph
Found on FPA: "Review Moderation Team Note: 5 Star rating removed. This review came from inside the offices of FreshForex.ru. Per FPA policy, the rating on this review has been set to Zero stars. Comment:Added by Natalya on 2015-07-06 11:58 We are working to prevent such incidents in future and made internal warning. We will hold investigation regarding each similar incident," It seems they have to work harder!
If you trade with a Russian broker then you deserve to lose your money. Darwinism.
  • #59
  • Mar 12, 2016 7:43pm Mar 12, 2016 7:43pm
Stay away from peperstone they dont alow customer to trade against eatch other. ( read the pdf on the site) acording to the customer service they put /direct your trade to a dark pool . where the predatory trading mostly occurs in the dark pools
  • #60
  • Mar 12, 2016 8:50pm Mar 12, 2016 8:50pm
Quoting blamshakk
Global Prime. hands down one of the best true ECN brokers and the only retail forex broker that provides upon request a receipt showing the liquidity provider for each trade having said that, they have 0.01 minumum lot size and up to 400:1 leverage reviews here: http://www.forexpeacearmy.com/public...alprime.com.au
you should be banned for life from this forum for misleading us

Global Prime is a market Maker that had the has the true writto widenn the spread for stop loss hunting

look at the screenshot i took from https://www.globalprime.com.au/forex...-Statement.pdf


Global Prime is a division of Gleneagle Securities. Gleneagle Securities is an asset manager/investissement adviser who takes the other side of your trades.

Open a Global Prime Acount if you want to flush down you money into the toilets
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