The Official FXPIG Thread

@FXPIG.Kevin Do you accept Canadian as a client? Please let me know.

@millitarymonk, yes we do.

@FXPIG.Kevin This is a good news, merci beaucoup.

@FXPIG.Kevin

 

1. What´s the better choice for scalpers SPA or MPA?
2. How can i open Demo account MT4, can´t find it on new website.

Thank you

Sorry for the late reply @steve27;

SPA would be the better choice under MOST circumstances as all the connected liquidity is in the same data center, ie LD4, and thus the execution times are generally below 100ms.

To open a demo you need to register, check your email, verify your email, and then answer a few quick questions so we can setup your profile. The whole process takes around 3 minutes. From their you can open as many demo accounts as you need and, if you fee so inclined, fill out our GO LIVE application to open and fund a live account.

Thank you, i will try.

@Steve27

If you need anything please let me know...

hello Kevin, I was wondering if latency is still an issue with brokers. Regardless if you advertise ect, stp or dma - surely not all these micro lot order go straight through to the "market". If I were trying to start a brokerage firm and these jerks were running these " latency arbitrage expert advisors" trying to exploit possible latency flaws it would be a problem. Dose FXPig use mt4 plug-ins to combat such unethical behaviour?

@BubaYaga,

If by latency you simply meed trade confirmation / execution latency, yes, this is always an issue brokers deal with and are constantly trying to reduce.

If by latency you are referring to latency arbitrage, which by the way does not actually exist in retail FX, the people that profit using these strategies mostly find a broad ECN or MTF broker who have multiple participants feeding into their book and they use these slightly different top of book prices to 'predict' where a non matching feed is headed. True arbitrage would mean trading within the spread on most trades and always exiting within milliseconds... with 0 loosing orders other than those that might be rejected or delayed.

Now, we are actually STP, so for me, I actually try and help arbitrage traders be profitable. In fact we just created a way for traders to send instant market orders in MT4 with a max deviation setting into our aggregation and we push them out to the accepting LP as IOC Limit orders. This allows the trader to fire orders faster and set a maximum range for slippage. It has proven beneficial to many EA traders and we have an 'arb' trader testing it as well.

We do not use any plugins to manipulate our feeds and ALL orders go to an external LP. 1k on up.

Cheers,

supposedly these Eas pair a "fast" broker with a "slow" broker and use the data from the fast broker to exploit the slow brokers latency data issue to trade with hindsight. I was wondering if at times of high volume traffic, data speed May at times be compromised. But if this sort of thing isn't possible in retail fx then that's good to know. Thanks.

@bubaYaga

Most arb EAs state that they use a fast feed to take advantage of a slow feed. Most use LMAX as their 'fast' feed. LMAX processes quotes no faster than 90% of retail brokers that STP to other clearing partners. (MM is another story) The real exploit here, as I mentioned previously, is that as a MTF LMAX places orders in their book as executable liquidity, and as they receive orders from multiple large players their prices on top of book can differ to a broker getting prices from one aggregated source using mainly bank liquidity. Now as those orders can be large enough to move the market, sometimes they do, and thus the rest of the market 'follows' these prices once they are actually triggered and fill incoming trade requests.

Remember there is no central pricing in FX so thinking that some broker gets a price, a standard price, faster than another is a bit ridiculous. Quote Latency has nothing to do with this, it is actually predicting moves based on blocks of resting orders visible on LMAX's internal MTF setup. This is why sometimes the 'arb' works and sometimes it doesn't. On a centralized market a real arb opportunity is risk free.

I decided to be your client last week and have plan to trade today but I found that the spread is too wide to accept.
The following is a screenshot of spread between ICMarkets and FXPig. The spread of major pairs in FXPig are wider than ICMarkets in most of time.

You said the spread of SPA is not filtered, but how could this happened?

@xjacks

We do a good amount of volume on Sunday Opens thus for the first 4 to 5 hours after the open (on Sunday/ Monday) spreads can be a bit wide. We also do not push top of book or level I prices with less than 500k in available liquidity. I would ask you to have a look in London or in NY tomorrow and I am sure those prices will be much more competitive.

I would also mention that before the Brexit our average spreads were 2 to 4x lower.

Most LPs have been pricing wide on actual tradable liquidity since last Thursday or so. We have been told this will begin to normalize over the next 24 to 48 hours.

@FXPIG.Kevin

Thanks for your reply.
OK, I will confirm it again after the situation to be normalized.

I have 2 questions.
1. Is the information in this helpdesk site correct and still available : https://fxpig.kayako.com/
2. Where or which bank the clients' funds is keeping in?
Thank you.

1. It is still online, BUT we are now focusing on merging it into the new support setup that is integrated into the client portal
2. 95% of client funds are held with our Liquidity Providers. The other 5% is held with mostly PSP and alternative payment companies, all licensed, to facilitate client withdrawals.

I would ask that if you have some specific questions please contact us directly, as posting here, as I guess you can see, may not get you the fastest response.

Cheers...

You know, I had to come back to this, as it has been bothering me since yesterday. It is COMPLETELY unacceptable that the questions posted by xjacks were not attended to in a timely manner. When a client approaches us via our website we make it a point to answer them within a few hours, and usually within a few minutes. This is a CORE principal at FXPIG. It is EXTREMELY important to me as the CEO.

Some people will argue that the CEO of a brokerage has better things to do, but in my mind communicating with my client's is priority number one, and it not only keeps me up-to-date on the goings on inside my company, it lets me know where we can improve. I am not going to pretend I answer every single client request myself, but honestly, a CEO that is not in touch with his client base is not going his job.

I will be sure to make some time each day to check this thread and will personally respond to any query that may be posted.

At the very least it will help me sleep better

Cheers...

Just a quick FYI - cTRADER is LIVE at FXPIG

'A GREAT platform DESERVES a GREAT broker'

This may be of interest to FF readers;

We recently launched a 'by invitation only' feed, based on our SPA feed, that was created after nearly three months of analysis with the help fo a current client of ours, that has proven to work wonders for high-frequency strategies. We essentially removed all last look participants, all participants with rejection rates above a certain threshold, all participants who showed a pattern of holding winning trades for more than 80ms and instantly executing trades that were immediately against the client. We also lowered our own default TTL or timeinforce maximum to just 80ms, so orders will only attempt to fill at the top of book from our aggregation engine for 80ms before they are confirmed as rejected.

The end result is a solid feed that can take flow normally deemed toxic with decay levels of less than 5 seconds.

If anyone wants to test let me know and I can setup the account as needed.