Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Print Thread

Similar Threads

USD/JPY Discussion 86,428 replies

Elliott Waves discussion 4 replies

GFT Forex Discussion 482 replies

Euro/Dollar discussion 9 replies

Forward Testing Discussion Thread 241 replies

Attachments: House of Borse discussion
Exit Attachments

House of Borse discussion

  • Post #1
  • Quote
  • First Post: Edited Mar 19, 2016 1:15am Mar 15, 2016 12:44am | Edited Mar 19, 2016 1:15am
Hi all
https://houseofborse.com (https://houseofborse.com)

Even though i have an account with then few months ago, but still my experience not sufficient to give fair judgment about this pure DMA/ECN Broker.
Therefore, i will expose general information reflecting my up-to-now experience.

1----Max Leverage: 100:1 until equity of 500,000 USD. Then it will be altered to 50:1.

2----Min Deposit: 5000 USD, 100,001 USD, 1,000,000 USD (Depend on account type)

3----It is really after my deep investigation registered, regulated and authorized by FCA.
http://www8.0zz0.com/2016/03/15/16/315704604.png

https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000bYdMVAA0

4----It is only profit from commissions not from spread. Spread go to inter-banks.

5----It is intended basically for wealthy people upon open discussion with their representatives in some conference.

6----Thier website: https://houseofborse.com/en/page/3-3-Trading-Account-Types

7----Spread variable and almost 0.0 for most pairs. (deals with 29 soure of top-tier liquidity providers)

8----Platforms (web+bridged MT4)

9----Stop-Out Margin Level: 100% (good point regarding safety issue) while Margin Call is 125%

10---unlimited open or pending orders.

11----CHF pairs Leverage 33:1.

12----Max lots per one position is 100 Lots.
13----Min lots per one position is 0.1 Lot.

what else!!!


Please if anyone has any degree of experience with them, do not hesitate to share here especially the most important thing: withdraw any time whatever the amount.
Forex Philosopher
topic is updated.
Forex Philosopher
it is a matching principal broker. (Good point)
http://www10.0zz0.com/2016/03/15/16/311900844.png

So if you have 13,000,000 USD I recommend to invest with them.
Forex Philosopher
Since it is a matching principle, it should deal with many top-tier liquidity providers. in their website they claim:

check here: https://houseofborse.com/en/page/1240-2-about-hob

Strong liquidity offering
HoB provides direct market access to a wide range of bank and non-bank liquidity providers and ECNs.

· Aggregated liquidity feeds from Tier 1 banks: DB, CITI, BARX, MS, JPM, NOM, GS, CS, UBS, BNP, HSBC, RBS, Commerz, ANZ

· Non-bank liquidity: GSA, Citadel, Virtu and others

· ECNs: EBS, Currenex, FXAll, Hotspot, Bloomberg Tradebook FX
Forex Philosopher
More new information through experience:
1) Commissions comparative value almost equal; 0.6 to 1.0 pips (i guess it is according to pair price depending on some equation)
2) They offer the possibility of what is called swap-free accounts.
3) Demo account spread almost equal to live account spread.
4) you are a part of the market. any position you engage in may participate in moving prices!~

i think it is suitable to people with accounts 25,000 and above(Preferable 70,000 and more). (with 5,000 to 10,000 USD MAY BE ACCEPTABLE WHEN YOU INVEST IN A PROPER WAY)
Forex Philosopher
Quoting Master-Mind
Hi all https://houseofborse.com Even though i have an account with then few months ago, but still my experience not sufficient to give fair judgment about this pure DMA/ECN Broker. Therefore, i will expose general information reflecting my up-to-now experience. 1----Max Leverage: 100:1 until equity of 500,000 USD. Then it will be altered to 50:1. 2----Min Deposit: 5000 USD, 25,000 USD, 1,000,000 USD (Depend on account type) 3----It is really after my deep investigation registered, regulated and authorized by FCA. http://www8.0zz0.com/2016/03/15/16/315704604.png...
Looks a bit promotional especially " but still my experience not sufficient to give fair judgment about this pure DMA/ECN Broker". How can you know its pure ECN? I don't see anything special about them, just good regulation of FCA. But hope they're good and don't B-book their clients claiming they profit only from commissions.
  • Post #7
  • Quote
  • Edited 10:29pm Mar 17, 2016 10:05am | Edited 10:29pm
absolutely not a promotional.
i just a normal trader like others here.
Quoting leebsurag
{quote} Looks a bit promotional especially " but still my experience not sufficient to give fair judgment about this pure DMA/ECN Broker". How can you know its pure ECN? I don't see anything special about them, just good regulation of FCA. But hope they're good and don't B-book their clients claiming they profit only from commissions.
2 POINTS

1) in conference they speak too much about brokers taking some risk against clients (B-BOOK) and say they are differ from others in this point.
2) during trading, you will feel really that u r with a true dma/ecn brokers.
----a) spread
----b) speed of orders executions.
----c) commissions
----d) they do not profit from spread+close all positions at once)
----e) they impose overnight fee management for any open position. (costs of servers etc...)
what i say is just a feeling or general impression that they seem pure and pure DMA/ECN.
all things imply that.

i remember. in conference they claim that this company designed to meet the desires of people who refuse MMs (especially was designed for millionaires and, and alike)

please if you have any trial with them in future do not forget to post here with my great thanks in advance.

===
More new information:
1) They close all positions upon receiving undesirable guest Margin call.
2) it is age in the market about one year. i guess this is not a blemish if it is really DMA/ECN BROKER in its brightest form.

any way it is suitable for rich people.
Forex Philosopher
New information:
1) if you visit my page account, you will see many positions with 100 lots during time of liquidity this day. it was executed almost with zero spread (of course Hundreds dollars commissions)

2) Sometimes, the 100 lots for example is executed partially (concept of bid and ask) , This is one features of true brokers.
Forex Philosopher
let us calculate equivalent pips:
almost it is about 0.80 pips (hence true spread during hectic hours almost 0)
Attached Image (click to enlarge)
Click to Enlarge Name: 000001.png Size: 69 KB
Forex Philosopher
New very Important Info.:

One of the most important factors, most people may not realize, to evaluate any broker is the "Tick Volume"
below.

it is true that the word volume here does nor represent liquidity itself, but more ticks means more top-tier liquidity providers.

through my wide experience with tens of brokers, this broker may be considered the best from this viewpoint, I know up to now.

Be yourself and forget what i say. compare it your self with FOREX.COM and other big brokers~ really incomparable!

Hence, tick volume is a measure of broker path through their servers to inter-banks. simply any price tick is calculated.
By mere logic, more ticks, more money liquidity sources.
Attached Image (click to enlarge)
Click to Enlarge Name: 000001.png Size: 80 KB
Forex Philosopher
More New Information:

1) Offer web-trading
2) . . .
3) . . .
Forex Philosopher
More New Info.
At this moment due to EASTER DAY, all banks on vacation (remain only one hour for Japan Banks), waiting USD opening after 5 hours.
spread below shown in my opinion, another evidence that prices are fed from inter-banks.
usually GBPUSD is 0.0 to 0.2 pips in normal hours.
Attached Image
Forex Philosopher
More New Info:
just small notice, I have to double check!!
During almost il-liquidity periods, spread is widening too much with most brokers. i notice with this broker at weekly close, this gap will not exceed 50 pips!!
Forex Philosopher
More New Info.
Regarding MAM Systems
Forex Philosopher
Nice advertising
Quoting shrike
Nice advertising
Bring another broker that is pure DMA/ECN without stupid word STP??

is there any?

you may say Ducascopy?? but I am sure it is not pure 100% especially for foreigners!~

anyway, minimum deposit may not suit you!
Forex Philosopher
This broker acts like a scammer. I applied for new account over 2 weeks ago, submitted my required documents and received automatic email from them saying my account application had been submitted. Thing is however they never have gotten back with me even though I've sent numerous emails to their 2 email addresses listed on their website. I have no idea why they won't even respond to emails but they won't. Not good in my book.
Quoting LEXngton
This broker acts like a scammer. I applied for new account over 2 weeks ago, submitted my required documents and received automatic email from them saying my account application had been submitted. Thing is however they never have gotten back with me even though I've sent numerous emails to their 2 email addresses listed on their website. I have no idea why they won't even respond to emails but they won't. Not good in my book.
Usually bad customer services means good broker.
May you forget to sign professional trader document!!
and ur detail should prove you are experience in the Forex market!
Forex Philosopher
  • Post #19
  • Quote
  • Last Post: Jun 27, 2016 12:56am Jun 27, 2016 12:56am
Quoting Master-Mind
{quote} Usually bad customer services means good broker
Scam brokers have a plenty of "معسول الكلام"
Forex Philosopher
0 traders viewing now