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  • #121
  • Jun 27, 2016 1:58pm Jun 27, 2016 1:58pm
Quoting FXPIG.Kevin
@intrepidpips No I am not saying that. Most of these plugins are meant to stop exploits, like arbitrage, slow data feeds, scalping on illiquid spikes etc. They are not there to stop hunt or overly effect their clients trade flow. As market markets internalize risk and then hedge as needed they need to be sure that when they need to hedge they aren't slipped by their LP thus resulting in more risk on their sides... so they need to be sure some traders are not finding weaknesses in their feed and exploiting those weaknesses, weaknesses that do not...
Thanks for clearing that up.
Let it turn and find your entry.
  • #122
  • Jun 27, 2016 3:56pm Jun 27, 2016 3:56pm
Quoting corre71
Market makers still uses plugins to fight profitable traders Look these MF what uses: http://www.takeprofittech.com/ashira...khWBoCaEDw_wcB The nice thing is that this plugin is advertised on a very well known forex news website It is a shame and shows how forex traders are cheated and how many regulators, first Cysec, do not do absolutely nothing to fight these MF I have a list of Brokers who for sure uses such plugins
@ FXPIG.Kevin

The guys from Takeprofittech list your company among their customers. Will you elaborate on this, please?
  • #123
  • Jun 27, 2016 5:25pm Jun 27, 2016 5:25pm
Quoting Cowboy Kate
{quote} OANDA: www.oanda.co.uk They tick all your boxes and they do not use Boston Tech's VDP.
they state in their ToS that they act as a counterparty to client orders, i.e. they're market makers. Correct me if I'm wrong.
I prefer to trade with brokers which run STP model of execution like Hotforex or FXCM. They both have positive and negative feedback, FXCM where fined for slippage issues some years ago, but nevertheless trading with API they provide great fills for my scalping orders. So my vote is for them
  • #124
  • Jun 27, 2016 5:29pm Jun 27, 2016 5:29pm
@verd

Sure... we purchased their bridge, source code and all, 2 years ago. We use this bridge on some of our custom feeds and we are implementing some of the code into our OMS. We also purchased another product to expand our FIX offering to our clients, and we soon will be testing their EasyMAM product. Great company all in all.
Kevin Murcko | CEO at FXPIG
  • #125
  • Jun 27, 2016 5:31pm Jun 27, 2016 5:31pm
Quoting leebsurag
{quote} they state in their ToS that they act as a counterparty to client orders, i.e. they're market makers. Correct me if I'm wrong. I prefer to trade with brokers which run STP model of execution like Hotforex or FXCM. They both have positive and negative feedback, FXCM where fined for slippage issues some years ago, but nevertheless trading with API they provide great fills for my scalping orders. So my vote is for them
OANDA is a Market Maker and always has been. There were the largest in the US until FXCM expanded into institutional offerings.
Kevin Murcko | CEO at FXPIG
  • #126
  • Jun 28, 2016 1:13am Jun 28, 2016 1:13am
Quoting leebsurag
{quote} they state in their ToS that they act as a counterparty to client orders, i.e. they're market makers. Correct me if I'm wrong. I prefer to trade with brokers which run STP model of execution like Hotforex or FXCM. They both have positive and negative feedback, FXCM where fined for slippage issues some years ago, but nevertheless trading with API they provide great fills for my scalping orders. So my vote is for them
HF is an STP?
  • #127
  • Jun 28, 2016 4:03am Jun 28, 2016 4:03am
Quoting corre71
{quote} HF is an STP?
Do not even bother asking the question. He is constantly promoting Hotforex around the forum. Just look at his history here. The world`s most satiesfied customer or a person with an agenda?
Do not let the cost of being wrong, exceed the prize of beeing right
  • #128
  • Jun 28, 2016 4:27am Jun 28, 2016 4:27am
Quoting Decima
{quote} Do not even bother asking the question. He is constantly promoting Hotforex around the forum. Just look at his history here. The world`s most satiesfied customer or a person with an agenda?
I know, but every time i will post my experience. HF act heavily on their feed, probably using the most advanced tools. Of course if they see u are able to scalp beside their 2-3 pips stop levels.
  • #129
  • Jun 29, 2016 8:28am Jun 29, 2016 8:28am
Quoting Decima
{quote} Do not even bother asking the question. He is constantly promoting Hotforex around the forum. Just look at his history here. The world`s most satiesfied customer or a person with an agenda?
Sorry if my posts look like promotion, I just try to share my experience. And I don't say I have smooth and issue-free trading with Hotforex, they have some faults which some times piss me off. I suppose in 95% of cases my losses caused by my mistakes so concentrate on working on my strategy rather than blaming platform, software etc. I also spent some efforts to adapt my strategy taking into account platform limitations&features, etc.
  • #130
  • Jun 30, 2016 3:15am Jun 30, 2016 3:15am
Quoting leebsurag
{quote} Sorry if my posts look like promotion, I just try to share my experience. And I don't say I have smooth and issue-free trading with Hotforex, they have some faults which some times piss me off. I suppose in 95% of cases my losses caused by my mistakes so concentrate on working on my strategy rather than blaming platform, software etc. I also spent some efforts to adapt my strategy taking into account platform limitations&features, etc.
It is promotion... There are several members of the forum warning other members about using Hotforex as a broker. Because they manipulate your trades and earns when the trader loose.

This is not blaming platform and so on, refusing to take responsibility of own actions IF loosing. This is experiences where it is clear that Hotforex is not what you and other members portray it to be. The truth must prevail here.

Hotforex is a bucketshop that will look for lenient regulation so that no authorities will interfer with their dealings. They are market maker and will earn from your losses. As long as you loose they will keep the impression that they offer good service and are a good broker. They are only able to attract rookie retail traders. If you mention them to traders different from this segment you will be laughed at.

That is the truth.

So, if you are new to forex, take this warning onboard. Do not use Hotforex. The same "members" on this forum promoting Hotforex are the ones playing down importance of regulation. Now they are trying to seed insecurity about the FCA (British) regulation after Brexit. Just bollocks at this point in time.

I would go so far as to say, if CySec and/or Hotforex type of brokers were my only option to trade forex, I would quit it on the day.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #131
  • Jun 30, 2016 4:11am Jun 30, 2016 4:11am
All MM use B-books. Its not a secret. But I never experience weird spikes or spreads with HotForex. I was Alpari UK client and I had more weird behaviours. Im sure HotForex will try advantage of clients but searching dishonest brokers I think you have others with worst tactics. In my experience with them the only drawback are swaps. But I almost prefer they earn so much in that area if at least they are not using bad tricks. I suffered many margins calls and sometimes I blow up the account but others times I saved it. And brokers with bad tricks will be blow accounts at 100% of times. Then I'm not sure how much dishonest are them. But dont seem be the worst. Not at least for mark them like scam. But its only an opinion. Its my experience with them in more 1 year...
Try don't lose pants never...
  • #132
  • Jul 1, 2016 8:04am Jul 1, 2016 8:04am
Quoting corre71
{quote} HF is an STP?
As per their Best Execution Policy:

The Execution Venue for Client Orders is HF Markets Ltd, a Company incorporated in the
Republic of Mauritius and regulated by the Financial Services Commission (FSC) under
Category 1 Global Business Licence no. C110008214.

So HF CySEC entity passes the flow to the Mauritius based HF entity.. Two different faces but the person is the same
  • #133
  • Edited 9:07am Jul 1, 2016 8:55am | Edited 9:07am
Quoting Verd
{quote} As per their Best Execution Policy: The Execution Venue for Client Orders is HF Markets Ltd, a Company incorporated in the Republic of Mauritius and regulated by the Financial Services Commission (FSC) under Category 1 Global Business Licence no. C110008214. So HF CySEC entity passes the flow to the Mauritius based HF entity.. Two different faces but the person is the same
Very good: i was reading exactly this some months ago, but was too busy in managing my terminals to find again this.
So Hotforex is a market maker and they declare this clearly
So please, stop posting that Hotforex is an STP or an ECN, because is a Market maker
  • #134
  • Jul 1, 2016 9:04am Jul 1, 2016 9:04am
Quoting braintheboss
All MM use B-books. Its not a secret. But I never experience weird spikes or spreads with HotForex. I was Alpari UK client and I had more weird behaviours. Im sure HotForex will try advantage of clients but searching dishonest brokers I think you have others with worst tactics. In my experience with them the only drawback are swaps. But I almost prefer they earn so much in that area if at least they are not using bad tricks. I suffered many margins calls and sometimes I blow up the account but others times I saved it. And brokers with bad tricks...
Hotforex manipulate heavily their feed, categorize their clients based on the trading style and on the ability to generate profits. Once u are flagged as a customer with which they lose money starts ur problems: i am not the first experiencing this. All depends by which type of trader u are. They uses some of the best plugins available and they close ur scalping trades while are in profits but with a loss, is incredible.
Me and another friend spend all our time testing brokers and feeds and we understand what a brokers does
Then i cannot say that HF is the only one manipulating in some way: there are many brokers using plugins. Only UK FCA and AU Asic brokers do not use plugins, but many of them uses other strategis to fight profitable traders. Also trading with a pure A book / true ECN u are categorized and they can eventually switch to some feed dedicated to the "toxic flows"
The main fact is that we cannot accept all these manipulations: if i lose money i lose and simply evaluate my trading strategy and readapt it or change it completely, but will not play (and cannot) play tricks: why brokers can manipulate trades of profitable traders and consider even "malicious" a scalper who is able to win? is not a fair battlefield: if i lose i lose, but if i win brokers and their Lps must pay and do not play tricks: not only plugins are tricks, but also disconnecting servers, flagging traders and switching them to "slower feeds" etc.
  • #135
  • Jul 1, 2016 10:10am Jul 1, 2016 10:10am
Quoting corre71
{quote} Hotforex manipulate heavily their feed, categorize their clients based on the trading style and on the ability to generate profits. Once u are flagged as a customer with which they lose money starts ur problems: i am not the first experiencing this. All depends by which type of trader u are. They uses some of the best plugins available and they close ur scalping trades while are in profits but with a loss, is incredible. Me and another friend spend all our time testing brokers and feeds and we understand what a brokers does Then i cannot...
About B-books I commented it in my last post. That dont have discussion. And that smooth behaviour in news is because they use it like all MM.

About how much honest they are maybe depends how much profitable you are for suffer it. Its true my account is small and my profits are constant but not big for be a problem. How much profits per month we are talking for they start to play dirty?
Try don't lose pants never...
  • #136
  • Jul 1, 2016 12:13pm Jul 1, 2016 12:13pm
Quoting braintheboss
{quote} About B-books I commented it in my last post. That dont have discussion. And that smooth behaviour in news is because they use it like all MM. About how much honest they are maybe depends how much profitable you are for suffer it. Its true my account is small and my profits are constant but not big for be a problem. How much profits per month we are talking for they start to play dirty?
Brokers can set many different parameters so that a trader come under strict observation. I think one of the thing they mostly hate is when U place very fast trades and close them in profit. These Are under the radar also of ecn brokers
  • #137
  • Mar 13, 2017 6:54pm Mar 13, 2017 6:54pm
read this one: http://www.t4b.com/ready-made-products-en/anti-cheater/
what we want:1+1+1+1+1+1+1+1=8 what market delivers:1+2+8+7-4+0-5+8-4-5=8
  • #138
  • Aug 17, 2017 7:59pm Aug 17, 2017 7:59pm
Quoting eurscalpr
I think everyone in this thread is completely missing the point as to why VDP was really introduced for brokers in the first place. VDP was not introduced to rip off clients as the fear mongers of the world would have you believe, it was introduced to stop predatory traders from ripping off brokers. Huh..???? this makes no sense right...? Think about it. What does a B book broker do differently to an A book broker? B book brokers ‘automatically’ execute trades at the MT4 server without first confirming the trade in underlying market, this leaves...
What are you talking about? I do not care about broker insolvency. The broker does not care about my insolvency as well. So, what you are talking about here? Do you want just rob traders? Do you want to say VDP is necessary? Are you broker troll? Remember this: We traders do not care the same like brokers do not care about traders. We have right for the legal environment. Usage of VDP or similar plugins is FINANCIAL CRIME!!!!! Also, I do not agree with fines. Brokers who do financial crime should be jailed. It is the risk of the business. If you do not like brokerage business you can clean toilets or work in the warehouse or do anything else.
  • #139
  • Aug 17, 2017 8:14pm Aug 17, 2017 8:14pm
Quoting corre71
{quote} Hotforex manipulate heavily their feed, categorize their clients based on the trading style and on the ability to generate profits. Once u are flagged as a customer with which they lose money starts ur problems: i am not the first experiencing this. All depends by which type of trader u are. They uses some of the best plugins available and they close ur scalping trades while are in profits but with a loss, is incredible. Me and another friend spend all our time testing brokers and feeds and we understand what a brokers does Then i cannot...
You said UK FCA regulated Brokers do not use plugins. One of my UK FCA regulated broker use delay 20 - 50 seconds!!!! They open trade 50 seconds after spike = financial crime. They preventing me to open trades. Another one broker delay is 5+ seconds. All brokers use plugins also UK FCA regulated.

Brokers edit delay. If you are still profitable they will add delay to execution or you will get the worst quotes. I have more accounts with one broker and all accounts have different delays. The first trade is always profitable and it is last trade without problems.

I guess they do not do it all manually. They have algorithms and employee just checking 90% of the time whether algorithms work properly.
  • #140
  • Mar 15, 2018 3:29am Mar 15, 2018 3:29am
Quoting adelzadeh
read this one: http://www.t4b.com/anti-cheater/



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