ECN v MM Forex Brokers - Why it matters to smalltime traders? | Forex Factory

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ECN v MM Forex Brokers - Why it matters to smalltime traders?

  • #1
  • First Post: Jul 16, 2016 7:59pm Jul 16, 2016 7:59pm
Does trading with a Market Maker over and ECN forex broker matter to you? Why?

Or the 'dreaded' B-book of an ECN. Why do you care? If the broker is regulated, they're paying you out and you will be moved to STP when or if you ever reach a big enough account size that can actually hurt the broker's bottom line.

Sometimes as a smalltime trader who isn't trading big size or consistently profitable, you're actually better with a MM. Too many smalltime traders get caught up in this argument.

What are your thoughts approaching the ECN v Market Maker broker argument from this angle?
Do you trade forex on an ECN account? DM me for $4.60/RT at Vantage FX.
  • #2
  • Jul 17, 2016 2:45pm Jul 17, 2016 2:45pm
Quoting Ecb
Does trading with a Market Maker over and ECN forex broker matter to you? Why? Or the 'dreaded' B-book of an ECN. Why do you care? If the broker is regulated, they're paying you out and you will be moved to STP when or if you ever reach a big enough account size that can actually hurt the broker's bottom line. Sometimes as a smalltime trader who isn't trading big size or consistently profitable, you're actually better with a MM. Too many smalltime traders get caught up in this argument. What are your thoughts approaching the ECN v Market Maker broker...
maybe such crazy spikes? Its just one example. My broker doesnt have such spikes
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(.)(.) think first ...
  • #3
  • Jul 17, 2016 10:08pm Jul 17, 2016 10:08pm
Only honest Forex broker needed . Ensure the reliability of withdrawal. Spike, false moves , fake breakout are common in Fx mkt. And technical trading knowledge is also key to success. We can offer Bamboo to MM brokers , let them do whatever they can . But yes random requotes , free spread matters if you are scalper or having big position with comparatively small amount.
Never Gamble Forex
  • #4
  • Edited Jul 18, 2016 12:41am Jul 17, 2016 10:47pm | Edited Jul 18, 2016 12:41am
Quoting maximumguita
{quote} maybe such crazy spikes? Its just one example. My broker doesnt have such spikes {image} {image}
Hey maximumguita,

Spikes like the one on your first GBP/AUD chart aren't market maker brokers 'stop hunting' you, they are simply price feed errors from single ECN liquidity providers or the such. These spikes do sometimes occur, but when spotted are immediately checked if they are a price feed error, and then fixed if so.

At Vantage FX, on the rare occasion we get these sorts of obvious errors on our MT4 charts, any positions that were affected are refunded or re-instated at our cost as a good will gesture. There is no advantage to be gained by manipulating your own client base in this manner.
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #5
  • Jul 18, 2016 12:35am Jul 18, 2016 12:35am
[quote=Vantage FX;9034619]{quote} as a good will gesture.

as a good will gesture??? Nice
(.)(.) think first ...
  • #6
  • Jul 18, 2016 12:45am Jul 18, 2016 12:45am
[quote=maximumguita;9034721]
Quoting Vantage FX
{quote} as a good will gesture. as a good will gesture??? Nice
Poor choice of words.

Even an issue with our liquidity provider's feed, we will take the cost.
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #7
  • Last Post: Jul 19, 2016 11:30pm Jul 19, 2016 11:30pm
Quoting Vantage FX
{quote} Hey maximumguita, Spikes like the one on your first GBP/AUD chart aren't market maker brokers 'stop hunting' you, they are simply price feed errors from single ECN liquidity providers or the such. These spikes do sometimes occur, but when spotted are immediately checked if they are a price feed error, and then fixed if so. At Vantage FX, on the rare occasion we get these sorts of obvious errors on our MT4 charts, any positions that were affected are refunded or re-instated at our cost as a good will gesture. There is no advantage to be gained...
This!!

Common sense from a broker. Finally.
Do you trade forex on an ECN account? DM me for $4.60/RT at Vantage FX.
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