ECN Brokers | Page 6 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Cheapest ECN Comissions - Vantage FX ECN 10 replies

ECN Brokers 18 replies

Info on ECN brokers 29 replies

ECN Brokers - Need your input 9 replies

ECN Brokers with good liquidity 6 replies

Attachments: ECN Brokers
Exit Attachments

ECN Brokers

  • #101
  • Feb 27, 2016 12:38pm Feb 27, 2016 12:38pm
Quoting M.A.C.Doug
I trade with IC Markets. Australian regulated. 0.2 average spread though spread averages 0.1 during liquid periods on E/U. $5.50 USD rtl through an IB. I cant find a cheaper deal for accounts under 20k
Of course there is. There are many dealers with no commission. For example, exness, ig, lcg, fxcm, forex.com and Onada. All of them are better than IC. For accounts under 20k, there is no reason to trade with ecn, let alone fake ones like ic markets etc.
  • #102
  • Mar 1, 2016 4:17am Mar 1, 2016 4:17am
@demark1: please care to explain your above statement.

I am currently demoing IC markets. Yes they charge commissions BUT the spreads are very narrow. In EUR/USD a spread of 0,1 pips seems to be the norm during major trading hours, very often 0 spread and good liquidity in the order book.

And why are they supposed to be a fake ECN broker ?

In the end, it does not really matter whether you trade through a market maker or an ECN imho, it's more about quality of execution, customer support, security of your funds.
  • #103
  • Mar 3, 2016 6:15pm Mar 3, 2016 6:15pm
Why are IC Markets a 'fake ECN' broker?

Ask yourself how they are able to have the ridiculously low spreads like they do, when all other brokers are similar.

It's because they run a totally B-book model which allows them to set their own spreads because they know they will make money from losing traders in the end.

If you are profitable then you are slipped or your spreads widen as they are forced to pass on your risk just like every other ECN broker.
  • #104
  • Mar 3, 2016 6:39pm Mar 3, 2016 6:39pm
Quoting vinnytrades
Why are IC Markets a 'fake ECN' broker? Ask yourself how they are able to have the ridiculously low spreads like they do, when all other brokers are similar. It's because they run a totally B-book model which allows them to set their own spreads because they know they will make money from losing traders in the end. If you are profitable then you are slipped or your spreads widen as they are forced to pass on your risk just like every other ECN broker.
Yes, IC markets GOOD!!!.
Trade with them.
  • #105
  • Mar 4, 2016 7:03pm Mar 4, 2016 7:03pm
I used to trade with IC markets and I was huge fan until I have noticed that all my trades were slipped against me...not a single slip my way...when I added slippage to their spreads it worked out to be by far the worst deal on the market...I have switched to Vantage FX and trade on their RAW ECN account...its quite big difference in trading conditions..If there is any slippage its either negative or positive which makes me believe that my trading through Vantage FX reflects true market conditions....Always check slippage on your FX trading and if its only negative slippage then change your broker because there is high chance that the broker is counter party to all your trades.
  • #106
  • Mar 4, 2016 8:24pm Mar 4, 2016 8:24pm
I currently have an account on tickmill, IC market, Pepperstone. All of this broker fast withdrawal
Risk comes from not knowing what you're doing.
  • #107
  • Mar 5, 2016 3:36am Mar 5, 2016 3:36am
Not sure why do people care about brokers being ECN or MM or whatever.

Some of the biggest liquidity providers in the world - BNP Paribas and Deutsche Bank, offer only Market Maker service to retail clients, through their platforms Consorsbank and maxblue, respectively. Nothing wrong with a MM model if the institution is reputable? On the other hand, a Cyprus / Russia / Grenadines / Mars / Moon etc. bucket shop is always going to be a bucket shop ripping people off, regardless if MM or ECN.
Best regards, Zef
  • #108
  • Mar 5, 2016 4:01am Mar 5, 2016 4:01am
Quoting ZeF
Not sure why do people care about brokers being ECN or MM or whatever. Some of the biggest liquidity providers in the world - BNP Paribas and Deutsche Bank, offer only Market Maker service to retail clients, through their platforms Consorsbank and maxblue, respectively. Nothing wrong with a MM model if the institution is reputable? On the other hand, a Cyprus / Russia / Grenadines / Mars / Moon etc. bucket shop is always going to be a bucket shop ripping people off, regardless if MM or ECN.
This doesn't change the main issue for each market maker. It is not their OWN liquidity, it is the liquidity of their CLIENTS which causes trouble. As long as a market maker can match positions between clients it may sound fine. But once the volume cannot be matched anymore the broker has to cover the trade on his own risk. Matter of fact. That's the point where a conflicting situation arises.
If you then got a consistently winning strategy the broker will start to use dealer plugins or close the account sooner or later as your gains are his losses. The critical moment is just a question of volume and time.

So in consequence MM are fine for small accounts with lotsizes, that are on average of their clients. Do the math here for retail traders. Talking about 10-50 lots/trade and above, you cannot avoid a true ECN broker if you don't want to loose money.
  • #109
  • Mar 5, 2016 6:25am Mar 5, 2016 6:25am
Quoting Drolph
{quote} This doesn't change the main issue for each market maker. It is not their OWN liquidity, it is the liquidity of their CLIENTS which causes trouble. As long as a market maker can match positions between clients it may sound fine. But once the volume cannot be matched anymore the broker has to cover the trade on his own risk. Matter of fact. That's the point where a conflicting situation arises. If you then got a consistently winning strategy the broker will start to use dealer plugins or close the account sooner or later as your gains are...
MM brokers seem to be NEVER able to match the positions between clients. LOL And even if they have to make up the liquidity with their own money, they can still avoid the conflict of interest by remaining risk-neutral via hedging.

No the issue with the MM brokers is NOT an issue of them covering the trade at their own risk and etc. No the issue with MM brokers is them taking on the opposite side of the transaction of their clients and then manipulating the trade/order to eschew the odds of profiting toward themselves very much like the casino betting against its customers using their own money. It's NOT that people prefer ECN over MM broker blindly. It's just that under the ECN model, brokers would have less incentive of trading against clients (theoretically at least) because they are getting compensated via commissions hence they would be more risk-neutral. Whereas in the MM model, brokers would find it more advantageous to trade against its clients and profit at their expense UNLESS they themselves voluntarily choose to invest in additional mechanisms to become risk-neutral thus removing the incentive to profit from clients.
Make your losses in demo. Earn your profits live.
  • #110
  • Mar 6, 2016 4:38pm Mar 6, 2016 4:38pm
The only suggest I will give is not to be foolish by investing that much straight away with any company just based on suggestion, it will be like a suicidal attempt. I believe you can at least give 1 week for research and short list 3 brokers and test their service, I believe if you have experience then you can judge the company within 1 week pretty easily while to confirm you can use popular sites like FPA or even here, I am trading with Octafx and they are also ECN, but you should again give yourself opportunity to check their service and if you feel comfortable then proceed with larger investments.
  • #111
  • Mar 6, 2016 10:41pm Mar 6, 2016 10:41pm
Quoting Forexia
{quote} Good to see you again. You went back to IC Markets? Last we talked, you left them and went to CMC Markets. What made you go back?
Ic markets is a good platform, however there are issues. I had a account with them sometimes back. The biggest problem, is sudden slippage, and most concerning, freezing platform. This is very dangerous, as you cannot manage trades. They tend to blame it on indicators, if they teamview and notice. Payout is good, and customer service is good also. Just be careful to have full operations when trading.
  • #112
  • Mar 7, 2016 8:59am Mar 7, 2016 8:59am
Quoting Fedricks
The only suggest I will give is not to be foolish by investing that much straight away with any company just based on suggestion, it will be like a suicidal attempt. I believe you can at least give 1 week for research and short list 3 brokers and test their service, I believe if you have experience then you can judge the company within 1 week pretty easily while to confirm you can use popular sites like FPA or even here, I am trading with Octafx and they are also ECN, but you should again give yourself opportunity to check their service and if you...
OctaFX are unregulated based out of St Vincents, they offer $5 accounts on 500:1 leverage.. ECN? ..I think not
  • #113
  • Mar 7, 2016 6:48pm Mar 7, 2016 6:48pm
Quoting tomsmid
I used to trade with IC markets and I was huge fan until I have noticed that all my trades were slipped against me...not a single slip my way...when I added slippage to their spreads it worked out to be by far the worst deal on the market

I have switched to Vantage FX and trade on their RAW ECN account...its quite big difference in trading conditions.
It really is a recurring theme online that IC markets offers great spreads at first, but as soon as you make money on size then you will be slipped BIG.
  • #114
  • Mar 17, 2016 9:11pm Mar 17, 2016 9:11pm
Quoting vinnytrades
Why are IC Markets a 'fake ECN' broker? Ask yourself how they are able to have the ridiculously low spreads like they do, when all other brokers are similar. It's because they run a totally B-book model which allows them to set their own spreads because they know they will make money from losing traders in the end. If you are profitable then you are slipped or your spreads widen as they are forced to pass on your risk just like every other ECN broker.
Do a spreads comparison between IC Markets, and the rest of the Australian brokers like Vantage FX, DMM, Pepper etc.

You'll see that pretty much everyone is the same except IC is noticeably better... on the surface. Vinny gets it.
  • #115
  • Mar 18, 2016 6:20am Mar 18, 2016 6:20am
Quoting ZeF
Not sure why do people care about brokers being ECN or MM or whatever. Some of the biggest liquidity providers in the world - BNP Paribas and Deutsche Bank, offer only Market Maker service to retail clients, through their platforms Consorsbank and maxblue, respectively. Nothing wrong with a MM model if the institution is reputable? On the other hand, a Cyprus / Russia / Grenadines / Mars / Moon etc. bucket shop is always going to be a bucket shop ripping people off, regardless if MM or ECN.
Lol of course cuz they're always a counterparty in any chain of liquidity providers. It's a newbie complaint claiming you wipe out your deposit cuz broker is MM. It'll be MM cuz nobody won't accept your 0.01 position on interbank. Only broker itself. When newbie passes this stage and starts to pay attention to his strategy and Money management (not blaming the system) then he starts to earn consistently.
  • #116
  • Mar 21, 2016 2:36am Mar 21, 2016 2:36am
Quoting demark1
{quote} Of course there is. There are many dealers with no commission. For example, exness, ig, lcg, fxcm, forex.com and Onada. All of them are better than IC. For accounts under 20k, there is no reason to trade with ecn, let alone fake ones like ic markets etc.
None of the brokers you listed are have lower trading cost than IC markets. The only one I have found is DMM, a market maker with fixed spread on USD/JPY of 0.5 and 0.7 on EUR/USD and AUD/USD with no commission.
BTC Return This Year: na
  • #117
  • Mar 23, 2016 4:31am Mar 23, 2016 4:31am
i need a perfect ECN trading broker which always guarantee their clients funds. and, always make sure best trading environment for using any kinds of trading strategies by lowest trading spreads. if you have, please suggest me as soon as possible
  • #118
  • Mar 23, 2016 5:34am Mar 23, 2016 5:34am
Interactive Brokers or TD Ameritrade.
  • #119
  • Mar 23, 2016 6:05am Mar 23, 2016 6:05am
Quoting MarkFxAnde
i need a perfect ECN trading broker which always guarantee their clients funds. and, always make sure best trading environment for using any kinds of trading strategies by lowest trading spreads. if you have, please suggest me as soon as possible

If you are able to trade 500mil a month, i can hook you up with a broker that aggregates prices from over 50 different banks and dark pool liquidity sources.
Spread for eu is 0.1p - Rates start at $20 per million and are negotiable based on volume.
MY SITTING, NEVER MY THINKING!
  • #120
  • Mar 23, 2016 6:22am Mar 23, 2016 6:22am
If you don't know how to trade and keep your emotions (fear and greed), your trades would always be loosers, even if you trade with major and best known ECN. I think our priority is learning how to trade well. I don't trust some reviews on forex foums. Either some them are posted by bad traders who blame brokers for their mistakes. Don't get me wrong. There are Bucket Shop brokers. Believe you me some of the reviews are also posted by Broker Agents to pull down another broker. I feel when broker is regulated, especially UK & US regulatory bodies am comfortable. Happy trading guys
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -43.7%
0 traders viewing now