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  • #121
  • Mar 23, 2016 8:32am Mar 23, 2016 8:32am
the broker I use is "Key to market" I opened with them just because I wanted an ECN broker to test out some EA's, they turned out so good I will stay on.
tiny spreads fast execution, nothing to complain about,
Bulls are stupid Animals!especially when Im short!
  • #122
  • Mar 23, 2016 11:18am Mar 23, 2016 11:18am
Quoting roughtrader
the broker I use is "Key to market" I opened with them just because I wanted an ECN broker to test out some EA's, they turned out so good I will stay on. tiny spreads fast execution, nothing to complain about,
So many traders think they trade with an ECN broker when in fact they do not!

From Key to Markets website: "In our dealings with you, we will act as principal and not as agent on your behalf. Accordingly, we will be the counterparty to all of your trades."
  • #123
  • Mar 23, 2016 11:58am Mar 23, 2016 11:58am
Hi,
Anyone using broker who give ECN/STP feed,no mark up of spread, only commission based,who provide maximum leverage only upto 100.1, also no funding by credit card, no bonus or referral thing, no MT4 platform, no mini lot only standard lot size,
If above mentioned condition are met than I think its a true ECN otherwise all goes in bucketshop list.
  • #124
  • Mar 23, 2016 12:42pm Mar 23, 2016 12:42pm
Quoting mitch77
{quote} So many traders think they trade with an ECN broker when in fact they do not! From Key to Markets website: "In our dealings with you, we will act as principal and not as agent on your behalf. Accordingly, we will be the counterparty to all of your trades."
Agree.

Over the time i have seen alot of brokers proclaim ecn, when they really only offer ecn pricing, spreads etc.

ECN STYLE is what one of the brokers called it.
MY SITTING, NEVER MY THINKING!
  • #125
  • Mar 23, 2016 5:21pm Mar 23, 2016 5:21pm
Quoting mitch77
{quote} So many traders think they trade with an ECN broker when in fact they do not! From Key to Markets website: "In our dealings with you, we will act as principal and not as agent on your behalf. Accordingly, we will be the counterparty to all of your trades."
surprise! every broker is like that unless you have 2 millions and can open with Hotspot
some are just better than others, Key to markets don't trade against you
Bulls are stupid Animals!especially when Im short!
  • #126
  • Mar 23, 2016 5:29pm Mar 23, 2016 5:29pm
Quoting roughtrader
{quote} surprise! every broker is like that unless you have 2 millions and can open with Hotspot some are just better than others, Key to markets don't trade against you

If you are with Hotspot (or Currenex or EBS or whatever) the trades will be done in the name of the primebroker, and not in the clients name either. Otherwise every client would have to have master trading agreements, credit agreements and so forth with every counterparty on Hotspot.
  • #127
  • Mar 23, 2016 5:36pm Mar 23, 2016 5:36pm
Quoting roughtrader
{quote} surprise! every broker is like that unless you have 2 millions and can open with Hotspot some are just better than others, Key to markets don't trade against you
Don't really care bud but your broker is not ECN. Counterparty means they do trade against you. Who cares but what's the point in saying "oh I trade with the best ecn broker with great execution" Usual BS from a noob but in your case someone who has been a member on FF for ages? Kind of lame don't you think?
  • #128
  • Mar 23, 2016 7:23pm Mar 23, 2016 7:23pm
Quoting mitch77
{quote} Don't really care bud but your broker is not ECN. Counterparty means they do trade against you. Who cares but what's the point in saying "oh I trade with the best ecn broker with great execution" Usual BS from a noob but in your case someone who has been a member on FF for ages? Kind of lame don't you think?
copy pasted from their website, can you read? who is lame now?

Key to Markets is an ECN broker. ECN brokers (Electronic Communication Network) collect the best price feeds from a few investment banks and aggregate these together in order to show the very best bid or offer. They charge their clients a commission instead of marking up the raw spreads, by doing so they give clients price closer to banks price. Thus, the foremost advantage of trading with an ECN broker is the noticeable difference in spread.
Bulls are stupid Animals!especially when Im short!
  • #129
  • Mar 23, 2016 8:43pm Mar 23, 2016 8:43pm
Russia’s Forex market in 2015

About 460,000 investors use the services of Forex brokers in Russia, with cumulative average trading volumes per month around $330 billion, according to the Interfax annual study of the Russian Forex market for 2015.
The total size of deposits reached meager $0.5 billion.
The amount of FX transactions fell 5% from 2014 levels, with the drop attributed to the economic crisis in Russia.
At the same time, the number of clients of Forex brokers in Russia rose 15% from 2014 levels, which underlines the growing interest in this sort of investments.
The leaders from 2014 continued to dominate the Russian Forex market in 2015. Alpari, Forex Club and TeleTRADE have 60% of all FX clients in Russia and accounted for 57% of the overall trading volumes.

  1. Alpari had 137,000 clients in 2015, whereas average monthly volumes amounted to $90 billion.
  2. Forex Club had 80,000 clients in 2015, whereas average monthly volumes amounted to $54 billion.
  3. TeleTRADE had 61,000 clients in 2015, whereas average monthly volumes amounted to $45 billion.

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Lets note that the three Russian FX market leaders are still waiting for the Bank of Russia to decide on their Forex dealer licenses. The single Forex broker in Russia that has obtained the necessary license is FINAM. FINAM is present in the ranking at number 10 according to volumes.
Other companies showing decent achievements are: FxPro (at #13 according to trading volumes), Dukascopy (#18), Oanda (#21), Exness (#24) and eToro (#25).
The study is critical of the Russian Forex law, given the strict requirements for Forex companies. But a particular point of discontent is the maximum leverage restriction, which the law puts at 1:50.

Below is the full table from Interfaxs study which ranks the Forex brokers active in Russia according to their average monthly trading volume ($ billion) in 2015.

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For the full Interfax study, click here.
Good trades.

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  • #130
  • Mar 24, 2016 2:33am Mar 24, 2016 2:33am
Quoting roughtrader
{quote} copy pasted from their website, can you read? who is lame now? Key to Markets is an ECN broker. ECN brokers (Electronic Communication Network) collect the best price feeds from a few investment banks and aggregate these together in order to show the very best bid or offer. They charge their clients a commission instead of marking up the raw spreads, by doing so they give clients price closer to banks price. Thus, the foremost advantage of trading with an ECN broker is the noticeable difference in spread.
You are acting like a fanboy, who is blind for any argument against his oppinion.
Your pasting describes the price aggregation only. It has nothing to do with the trading counterpart. Indeed, as mitch77 told you, they are acting as counterpart as stated in their terms.

By the way their argumentation is absolutely wrong: "the foremost advantage of trading with an ECN broker is the noticeable difference in spread." In fact, the most foremost advantage of ECN broker is bridging the trades anonymous to one of their liquidity providers.
  • #131
  • Mar 24, 2016 5:05am Mar 24, 2016 5:05am
Alright that kinda does it for me here, I am trying to be nice and help out fellow traders, and then I'm attacked accused for being a liar, even the broker I recommended is being accused for being a liar, I'm being called a noob, lame, and now fan boy, for recommending a broker I find great, , Well that is what this thread is about! Hello wake up! can you read the header? it say ECN broker, I have been trading live for many years, as I wouldn't know what an ECN and counterpart is?? are you guys for real ? All fx brokers is your counterparts you ignorant bastards! but I won't even go into explaining that, you probably just have another nice name for me. bye
Bulls are stupid Animals!especially when Im short!
  • #132
  • Edited 4:11pm Mar 26, 2016 3:58pm | Edited 4:11pm
Quoting M.A.C.Doug
{quote} 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.
unless u do not get slippage from ic... it is very rare that u do not get slippage when trade with ic. do not be fooled by low spread. 0.01 lot on the bid or ask can make the spread as low as 0.

Actually the spread cost me nothing. unlike the commission. I never buy on the ask and then sell on bid. that would be foolish. lol
  • #133
  • Mar 26, 2016 8:13pm Mar 26, 2016 8:13pm
Quoting mitch77
{quote} So many traders think they trade with an ECN broker when in fact they do not! From Key to Markets website: "In our dealings with you, we will act as principal and not as agent on your behalf. Accordingly, we will be the counterparty to all of your trades."
I feel sorry for novice traders who pay $7 per stand lot to the market makers!. It is a very sad feeling for paying too much.

Honestly I do not want to pay more than $2 per standard lot.

Those who are paying 7$ per lot should read this:
http://bostontechnologies.com/blog/h...-fx-commission
  • #134
  • Mar 27, 2016 5:46am Mar 27, 2016 5:46am
Try Octafx, I have been using it for several years now, it’s ECN company. The best thing as far my liking is the cTrader platform, I simply love it really. I think we need to make sure we do proper research before joining any company because now days, it’s almost 90% that every company tag themselves into been ECN even if they are not, so that’s where be careful.
  • #135
  • Mar 27, 2016 7:45am Mar 27, 2016 7:45am
Quoting Fedricks
Try Octafx, I have been using it for several years now, its ECN company. The best thing as far my liking is the cTrader platform, I simply love it really. I think we need to make sure we do proper research before joining any company because now days, its almost 90% that every company tag themselves into been ECN even if they are not, so thats where be careful.
Octafx is well known for disabling profitable accounts. They may advertise ECN, but their behavior is that of a bucket shop.
  • #136
  • Mar 27, 2016 7:48am Mar 27, 2016 7:48am
Octa FX is not an Ecn. Try to scalp with them and u will see the results
  • #137
  • Mar 27, 2016 12:53pm Mar 27, 2016 12:53pm
Octafx an ECN ? LOL there is somewhere a liar.
  • #138
  • Mar 28, 2016 3:23am Mar 28, 2016 3:23am
Quoting demark1
{quote} I feel sorry for novice traders who pay $7 per stand lot to the market makers!. It is a very sad feeling for paying too much. Honestly I do not want to pay more than $2 per standard lot. Those who are paying 7$ per lot should read this: http://bostontechnologies.com/blog/h...-fx-commission
Agreed. Commissions in retail FX are not always that good. Especially with CFDs !
  • #139
  • Apr 2, 2016 1:51pm Apr 2, 2016 1:51pm
Quoting Nabz
{quote} Octafx is well known for disabling profitable accounts. They may advertise ECN, but their behavior is that of a bucket shop.
Kind of funny mate, well known in what sense? Do you see posters of written OCTAFX is broker which disable profitable accounts? Or something on those lines? Another thing I’m interested in asking whether you have traded with them?

Quoting corre71
Octa FX is not an Ecn. Try to scalp with them and u will see the results
I mostly prefer to do long term trading, but I also do scalping occasionally especially after news when there is always pips up for grabs and I don’t think there is anything wrong at least so far.

Quoting duxis
Octafx an ECN ? LOL there is somewhere a liar.
Please at least explain why do you think like that? I am trading with them and I so far found no problem.
  • #140
  • Apr 2, 2016 5:52pm Apr 2, 2016 5:52pm
I trade live with Global Prime (Australia). From everything I understand about nothing, I believe they are true ECN and I went with them because I researched a crap load and they seemed like they were making a genuine attempt at not being dodgy buggers.
The price will go up, and down, not necessarily in that order.
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