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Singapore Maybank Kim Eng real ECN?

  • #21
  • Jul 30, 2015 2:36pm Jul 30, 2015 2:36pm
Quoting metallicana
{quote} ty mr. super forexia! i am very interested with your recomm broker, but those broker required a very huge amount [10.000usd] to deposit since am student. do you hv another recomm for 2000-3000 usd please. ty
MB trading is very good they ask for 200$ only or 400$ i think

have a nice day please
focus while relaxed to see better
  • #22
  • Jul 30, 2015 7:21pm Jul 30, 2015 7:21pm
Quoting metallicana
{quote} ty mr. super forexia! i am very interested with your recomm broker, but those broker required a very huge amount [10.000usd] to deposit since am student. do you hv another recomm for 2000-3000 usd please. ty
You can also try LMAX but with through an introducing broker. If you open an account directly with LMAX, the starting balance is $10K USD but if you open an account through an Introducing broker, the starting balance is much smaller.

Good luck!
Make your losses in demo. Earn your profits live.
  • #23
  • Jul 31, 2015 6:02pm Jul 31, 2015 6:02pm
Quoting Forexia
{quote} You can also try LMAX but with through an introducing broker. If you open an account directly with LMAX, the starting balance is $10K USD but if you open an account through an Introducing broker, the starting balance is much smaller. Good luck!
Hi,Forexia.
How do you think about IG forex DMA?
http://www.ig.com/uk/forex-direct
Have a good weekend.
  • #24
  • Jul 31, 2015 6:19pm Jul 31, 2015 6:19pm
LMAX with FastBrokers,
min. deposit is 2500usd.
http://www.fastbrokers.com/trading/trading_lmax.php
  • #25
  • May 6, 2016 10:03am May 6, 2016 10:03am
Quoting Forexia
{quote} A quick way to test to see if the broker is a true ECN is try to place a limit order in between the current bid/ask spread AND to see 1) if your order shows up and 2) if your order actually reduces the bid/ask spread. If it does both, then congratulations!! you are using a true ECN broker if not, then you are using either an Oanda (a market maker that hedges your trades) or a casino (a market maker that does NOT hedge against your trades and is trading against you) or a scam (will take your money and disappear and you will never hear from...
if i trade live, where can I check please? and how much lot size only can reduce the spread please?
  • #26
  • May 12, 2016 9:42pm May 12, 2016 9:42pm
Quoting klhh
{quote} if i trade live, where can I check please? and how much lot size only can reduce the spread please?
If you trade live, just do what I stated in my previous post with your broker. As long as you put in the minimum trade size accepted on the platform for your limit order if your broker is a true ECN, it will 1) show up on the quote screen and 2) it will reduce the spread. You will see your own limit order there basically if you don't then you are not trading with a true ECN broker.
Make your losses in demo. Earn your profits live.
  • #27
  • May 15, 2016 4:38am May 15, 2016 4:38am
Even if you trade with ECN broker like LMAX, but using MT4 - you not participating in real ECN environment. Limit orders in MT4 not displayed on quote screen, but sits in a server and become market orders when price reach it.
On top of that - you should not be able to open more limit order than your margin allows you to open. This is that happens with MT4, cTrader platforms.
With LMAX possible to open account with $1000 through some IBs.
  • #28
  • May 15, 2016 1:02pm May 15, 2016 1:02pm
Quoting Forexia
{quote} If you trade live, just do what I stated in my previous post with your broker. As long as you put in the minimum trade size accepted on the platform for your limit order if your broker is a true ECN, it will 1) show up on the quote screen and 2) it will reduce the spread. You will see your own limit order there basically if you don't then you are not trading with a true ECN broker.
Could you give example please? because i cannot get quote screen in my MT4
  • #29
  • May 16, 2016 1:25am May 16, 2016 1:25am
I think SG based brokers are a waste of time because they usually offer low leverage with high spreads.
Pips Collector EA, No Martingale, No Grid
  • #30
  • Last Post: May 17, 2016 7:11pm May 17, 2016 7:11pm
Heads up kids !!

http://www.financemagnates.com/insti...evered-client/
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