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  • #81
  • Mar 15, 2016 7:30pm Mar 15, 2016 7:30pm
whos had already heard of the www.iextrading.com ? it look like a faire exchange where there is no predatory HFT acording to Eric Scott Hunsader from nanex (https://twitter.com/nanexllc)


What about creating our own Exchange and trading against eatch others without any broker/dealers.
Rules of the exchange: 4 cent for a limit order(liquidity providing) and -4 cents for a market order(liquidity removing) ?
  • #82
  • Mar 15, 2016 7:35pm Mar 15, 2016 7:35pm
Quoting pbx06
whos had already heard of the www.iextrading.com ? it look like a faire exchange where there is no predatory HFT acording to Eric Scott Hunsader from nanex (https://twitter.com/nanexllc) What about creating our own Exchange and trading against eatch others without any broker/dealers. Rules of the exchange: 4 cent for a limit order(liquidity providing) and -4 cents for a market order(liquidity removing) ?

by providing liquidy with a limit order and puting a STOP LOSS 4 pips & Take profit of 4 pips with a win ratio a 50% you will end up wit a nice profit expectancy of 4 cents/trade.

buy using a fair exchnage odds shift to you side using a broker you will never get paid to post a limit order ! and end up paying spread+commitions
  • #83
  • Mar 15, 2016 7:38pm Mar 15, 2016 7:38pm
Quoting Bicarus
{quote} i would say that generally those that are still surviving post SNB are good brokers, be it MM or DMA. however that being said, most brokers in aussie are allowed to operate on both models. which book you are on depends on how profitable/unprofitable you are, human cognitive statistics seldom lie. that clause in their PDS is merely a compliance requirement by ASIC.
so why the hell they all lie on the front of their web page by saying that they offer true ECN/STP with no dealing desk? in Front of their website ? when your trade are kept in the Matrix & never have any market impact !
  • #84
  • Mar 15, 2016 8:00pm Mar 15, 2016 8:00pm
Quoting darksorrow
{quote} Was that sarcasm or suggestion?
  • #85
  • Mar 15, 2016 8:01pm Mar 15, 2016 8:01pm
Quoting piupiu
{quote}
  • #86
  • Mar 15, 2016 8:25pm Mar 15, 2016 8:25pm
Quoting pbx06
{quote} Make your point. i must be fool. But if it is writen in their Term os Sales. It must be true: 1)That you are trading inside the matrix without real conter-party no STP, Not bank liquidity not against others clients order. 2)They can enlarge spread when they want to the value they want for taking out your stops let's says. 3)The money you loss is the money that Gleneagle Securities asset manager make. 4)FX is over the counter they can fuck quote any fucking price they want to you. they would say taht have differents liquidity provider than...
well go trade something else and stop freaking crying
  • #87
  • Mar 15, 2016 9:01pm Mar 15, 2016 9:01pm
Quoting PoundTrader
{quote}well go trade something else and stop freaking crying
just for the sake look at CMC & FXCM they have 18 pips spike diff in CMC markets feed 30 minutes before ECB rate decision


Despite the fact free arbitrage shoud not exist & if it existe it should not last according
Quote
Dothan, Michael (2008). "Efficiency and Arbitrage in Financial Markets" (pdf). International Research Journal of Finance and Economics (19). Retrieved February 5, 2011.



PoundTrader you hate free & unrigged market. & you like price shading . You sounds like an FX lobbyist for global Prime/octafx.

Buy the Way octaFX: http://www.forexfactory.com/showthre...81#post8816381
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  • #88
  • Mar 15, 2016 9:07pm Mar 15, 2016 9:07pm
Quoting pbx06
{quote} just for the sake look at CMC & FXCM they have 18 pips spike diff in CMC markets feed 30 minutes before ECB rate decision Despite the fact free arbitrage shoud not exist & if it existe it should not last according{quote}[/font][/color] PoundTrader you hate free & unrigged market. & you like price shading . You sounds like an FX lobbyist for global Prime/octafx. Buy the Way octaFX: http://www.forexfactory.com/showthre...81#post8816381 {image} {image}
go trade futures, ok
  • #89
  • Edited 12:42am Mar 16, 2016 12:32am | Edited 12:42am
Quoting pbx06
{quote} I doesn't make hungry you that your trade wont have a market impact because you are a retail trader ? and it is kept in the matrix... While corporate that need FX for international transaction can move randomly the market adding more noise. than your trade ? 1)Those surviving post SNB were those who dont execute clients Order: On the intra-bank liquidity pool . like orders bucket shop do/ those who had enough cash to survive. 2)Market Maker Stoped quoting price during the SNB crash thus removing liquidity and killing many who found them...
you're wrong mate, those that survived SNB are the ones that passed orders on to LPs and clearing houses. (unless they really did have very deep pockets). but that aside, it is very easy to validate this point, just go to their regulated body's website and check their fiscal year's revenue.. (if they were MM, look for big spike in revenue compared to previous year's. similarly true dma's will see a spike reduction in client's funds)

and it's not that people are blind. in that sense, it makes no difference IMHO.
say you are trading with a book b broker which claims ECN/STP, what they do is that they still match prices with other clients entering opposing trades/make a market for you. isnt it the same as them forwarding the trade to a LP, which does exactly the same thing?

sure, our trades will not move the market. let alone if u trade directly to the LP, your order will not move the market either, because of the fact that our lots are peanuts compared to the banks.

simply put, as long as the broker is regulated in a reputable country(aussie,uk,us) i dont see any problem with using a MM based broker.
if you still are worried, buy their yearly financial statements as i do. based on most broker's FSG, withdrawals are paid from client's deposit trust accounts. thus as long as your equity/withdrawals are lesser than amount being held in trust you should be fine. (see img of sample statement i bought)

with regards to them being MM and "stophunting" there are tons of ways around it too.
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  • #90
  • Mar 16, 2016 12:59am Mar 16, 2016 12:59am
IC Markets
  • #91
  • Mar 16, 2016 1:04am Mar 16, 2016 1:04am
Quoting Bicarus
{quote} you're wrong mate, those that survived SNB are the ones that passed orders on to LPs and clearing houses. (unless they really did have very deep pockets). but that aside, it is very easy to validate this point, just go to their regulated body's website and check their fiscal year's revenue.. (if they were MM, look for big spike in revenue compared to previous year's. similarly true dma's will see a spike reduction in client's funds) and it's not that people are blind. in that sense, it makes no difference IMHO. say you are trading with a...
again as i said before . global prime clain to be An STP/ECN on their website and in the TOS : you have that nice line global prime doesnt match client orders against eatch others.

the Gleneage Securities(an asset manager & the mother company of global prime) is your counterparty. Meaning that
1) they beat against you. the more you win the more they loose
2) Your are betting on Global prime derivative made product & not actual forex instrument ...
3) you trade in the matrix with 0 market impact even in thin illiquide market. 0 & null impact from your trade.

why every on in here dont get that the odds are stacked against you with most brokers ?

Stay blind ....
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  • #92
  • Mar 16, 2016 1:24am Mar 16, 2016 1:24am
Quoting pbx06
{quote} again as i said before . global prime clain to be An STP/ECN on their website and in the TOS : you have that nice line global prime doesnt match client orders against eatch others. the Gleneage Securities(an asset manager & the mother company of global prime) is your counterparty. Meaning that 1) they beat against you. the more you win the more they loose 2) Your are betting on Global prime derivative made product & not actual forex instrument ... 3) you trade in the matrix with 0 market impact even in thin illiquide market. 0 & null impact...
on that ground, they can be faulted for misrepresentation and that's about it. doesnt mean that they are unsafe.

and given that there is no real exchanges for spot fx, whoever the counterparty is, be it morgan stanley/goldman saches ultimately they still are going to be a market maker to you.

bottom line is still
client > global prime > gleneagles > A book OR B book

as i said prior, human cognitive statistics are relatively reliable. if you're good, you're good. they definitely dont want your ball in their court. opposite goes for if you often get margin calls
  • #93
  • Mar 16, 2016 2:19am Mar 16, 2016 2:19am
Quoting pbx06
{quote} again as i said before . global prime clain to be An STP/ECN on their website and in the TOS : you have that nice line global prime doesnt match client orders against eatch others. the Gleneage Securities(an asset manager & the mother company of global prime) is your counterparty. Meaning that 1) they beat against you. the more you win the more they loose 2) Your are betting on Global prime derivative made product & not actual forex instrument ... 3) you trade in the matrix with 0 market impact even in thin illiquide market. 0 & null impact...

I think you need to seriously read the small print on all retail fx brokers.
Despite what they say, none of them pass you directly on to their LP's.
They ALL take the counter party to your trade at the moment of execution. What happens then is up to them, whether they decide to hedge or not.

Retail traders seem to be under the illusion we are somehow dealing with Goldman via our brokers. If you believe that selecting any retail broker means you are actually a part of the interbank market then you're sorely mistaken.

People get far too hung up on this ECN/market maker crap. It makes not difference. Plenty of people make good money with market makers.

When choosing a broker, focus on latency, platform stability, and their customer service. And always cross compare.
Small variances in price feeds are normal, but if you see one feed having majorly different feeds to the consensus, avoid them.
Most importantly, make sure the deposit and withdrawal procedures are always prompt and consistent.
Wealth comes from what you keep, not what you earn
  • #94
  • Mar 16, 2016 11:46am Mar 16, 2016 11:46am
Quoting Bicarus
{quote} on that ground, they can be faulted for misrepresentation and that's about it. doesnt mean that they are unsafe. and given that there is no real exchanges for spot fx, whoever the counterparty is, be it morgan stanley/goldman saches ultimately they still are going to be a market maker to you. bottom line is still client > global prime > gleneagles > A book OR B book as i said prior, human cognitive statistics are relatively reliable. if you're good, you're good. they definitely dont want your ball in their court. opposite goes for if you...
during last ecb metting having client order in the matrix book let you as a dealer pump and dump EURUSD to trigger stops loss of all your over leveraged retail clients ! during thinly traded market just before ECB press conference think about it !

since retail order lie in fake book they had
1) 0 impact on EURUSD.
2)FX unlike china equity market were retail order are 90% of all the volume & retail for real make the price !
3)give then the ability to screw up with the price to screw up with your order being not realy executing all the retail clients ....
  • #95
  • Mar 16, 2016 11:54am Mar 16, 2016 11:54am
Quoting pbx06
{quote} during last ecb metting having client order in the matrix book let you as a dealer pump and dump EURUSD to trigger stops loss of all your over leveraged retail clients ! during thinly traded market just before ECB press conference think about it ! since retail order lie in fake book they had 1) 0 impact on EURUSD. 2)FX unlike china equity market were retail order are 90% of all the volume & retail for real make the price ! 3)give then the ability to screw up with the price to screw up with your order being not realy executing all the retail...

think about it . Before ECB Press conf. 1 millions retail trader short 1 lot of EURUSD using 1:50 or 1:500 leverage.
1) The FX dealer doesnt forward retail order to interbank pool. They keep it in the matrix.
2)the FX dealer use leverage the client money in the fake book.
3) Pump the price up during thin market it fairly easy with small amount of money.
4) if (3) doesnt work start the price shading machine to pump the price. since FX is OTC no real price exists. they can allways mess up with the price predenting their liquidity provider made that price ....
5)The wollf of wall street kicks in when 80% of the stops taken out dump dump dump.

I call it the simple pump and dump for free with dumb retail spec money

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  • #96
  • Mar 16, 2016 4:43pm Mar 16, 2016 4:43pm
Quoting entheos
{quote}
  • #97
  • Mar 16, 2016 5:29pm Mar 16, 2016 5:29pm
Quoting pbx06
{quote} think about it . Before ECB Press conf. 1 millions retail trader short 1 lot of EURUSD using 1:50 or 1:500 leverage. 1) The FX dealer doesnt forward retail order to interbank pool. They keep it in the matrix. 2)the FX dealer use leverage the client money in the fake book. 3) Pump the price up during thin market it fairly easy with small amount of money. 4) if (3) doesnt work start the price shading machine to pump the price. since FX is OTC no real price exists. they can allways mess up with the price predenting their liquidity provider...
I think you should stop trading and become a journalist or an activist.
  • #98
  • Mar 16, 2016 5:57pm Mar 16, 2016 5:57pm
We are assuming that we all know choosing our solutions, as today your day !! problems ?
For me no broker is equal to another in times of volatility you see who is there without problems.
Good trades
  • #99
  • Mar 17, 2016 6:27pm Mar 17, 2016 6:27pm
Quoting brian.jer
{quote} I think you should stop trading and become a journalist or an activist.
You seems to like fragmented & rigued market. Thé topic is trying to find real ecn. Most of the time the therms os sales deny what is front of the websites.Realy small acounts brokers are all the same... By thé way INteractive brokers seems Nice... I had to read the therms of sales before
  • #100
  • Mar 17, 2016 9:31pm Mar 17, 2016 9:31pm
Quoting pbx06
{quote} You seems to like fragmented & rigued market. Th topic is trying to find real ecn. Most of the time the therms os sales deny what is front of the websites.Realy small acounts brokers are all the same... By th way INteractive brokers seems Nice... I had to read the therms of sales before
There is no way I can tell if my brokers are real ECN. They can claim whatever they want. Its my own decision to use their service.

The things I care about when choosing a brokers are:

- Reputation and regulations. Some may have not so good regulations but great reputations, like Tickmill.
- Trading cost: Spreads, commissions and swap - lower is better.
- Honest, stable and consistent trading conditions: Few requote, few spread widening and no abnormal spikes.
- Quick, trouble-free and flexible depositing and withdrawal.
- Good customer support.

If I find brokers that meet the above criteria, I will use them, even if they are true MMs.
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