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Reality of FOREX: my experience with brokers + share yours

  • #181
  • Aug 30, 2016 2:06am Aug 30, 2016 2:06am
Quoting merrygold
{quote} I only trady from london open to close. When us overlaps london, i rarely gets slippage. The biggest slippage was 10pipettes. majors will most often not give slippage, major exotic like gj its 2-5pipettes when worst. Also note that i am trading with pepperstone active traders account. The active traders account only a-book trades. (ofc when the trade is over 1std lot) Note; i dont trade news!
Interesting - when US overlaps London, there should be the most liquidity in the market, so that's why slippage should be minimum there (except news). By pipettes you mean 0,10 pips or 10 pips? By the way I checked their page for active traders and there is no note like special liquidity - so the liquidity is probably the same for all accounts. You probably only get some advanced services or better commission. By the way if I take a look at reviews of other traders - Pepperstone is either the best or the worst broker they have ever trader with. So opinions on Pepperstone are pretty mixed - maybe it has something to do with different treating of different traders (someone has already mentioned this here).
Acta non verba
  • #182
  • Edited 5:58am Aug 30, 2016 4:45am | Edited 5:58am
Quoting TradingLife
{quote} Each software has its advantages and disadvantages. There can be some plugins in cTrader and other trading platforms too. It's always about choosing the fair and honest brokerage who doesn't want to participate on your losses and profit from spreads / commissions only / is interested in long-term profitable traders.
Hello TradingLife,

Just to step in and correct you a little bit. With cTrader, plug-ins, price delays and price tweaks are impossible, that was our business decision from the very beginning and will never change. Just to let you know; Spotware host all brokers solutions and Spotware are the only party with root access servers and database. This means brokers have no opportunity to modify any server/system behavior. There is no dealing desk for brokers to use and literally nothing they can do to interrupt your trading via our technology.

With regards to the aforementioned platform, indeed plugins are a harsh reality and have been well documented in this thread already.

PS, we are pretty active in this thread in Forex Factory "Spotware cTrader suggestions, improvements and issues thread" addressing our users directly on any feedback they have and what we can do to improve their experience.
cTrader & cAlgo - The New Standards in FX Trading
  • #183
  • Aug 30, 2016 5:33am Aug 30, 2016 5:33am
Quoting cTrader
{quote} Hello TradingLife, Just to step in and correct you a little bit. With cTrader, plug-ins, price delays and price tweaks are impossible, that was our business decision from the very beginning and will never change. Just to let you know; Spotware host all brokers solutions and Spotware are the only party with root access servers and database. This means brokers have no opportunity to modify any server/system behavior. There is no dealing desk for brokers to use and literally nothing they can do to interrupt your trading via our technology....
Thanks a lot for the information, cTrader.

Glad to hear that your platform does not allow such nasty plug-ins like the one in MT4...

MrJinks.
  • #184
  • Aug 30, 2016 5:56am Aug 30, 2016 5:56am
Is there in Ctrader something equivalent to myfxbook to get validated and detailed statistics ?

Also is there some way to copy trades to another Ctrader account, or even MT4 account ?
Don't give up on your dreams. Keep sleeping.
  • #185
  • Aug 30, 2016 7:03am Aug 30, 2016 7:03am
Quoting Artcool
Is there in Ctrader something equivalent to myfxbook to get validated and detailed statistics ? Also is there some way to copy trades to another Ctrader account, or even MT4 account ?
Hello Artcool,

Please be advised that cTrader accounts can be connected to myfxbook.

As for copying trades from another cTrader account, you can use our own mirror trading system called cMirror (https://cmirror.com). Within cMirror, you can copy trades from other cTrader accounts or you can broadcast your trading strategy for other traders to follow it and pay you the commission.

Copying trades from cTrader to MT4 is theoretically possible, but it cannot be done through cMirror and we do not support any kind of software that can do so.
cTrader & cAlgo - The New Standards in FX Trading
  • #186
  • Aug 30, 2016 8:18am Aug 30, 2016 8:18am
Quoting TradingLife
{quote} FXCM is pretty questionable - take a look at the first post. I am not sure why there is such small competition of brokers in US and so many traders who are seeking professional brokers. By the way ATC brokers with their NFA regulated branch is able to serve US traders.
I am not saying they are clean, just possibly better than the rest. ATC is shady and no longer an option.
  • #187
  • Aug 30, 2016 8:24am Aug 30, 2016 8:24am
If I were an American I would open a futures account with any of the FCM-s and say bye-bye to all US forex brokers.
  • #188
  • Aug 30, 2016 8:43am Aug 30, 2016 8:43am
Quoting BlackPip
If I were an American I would open a futures account with any of the FCM-s and say bye-bye to all US forex brokers.

As far as I know, futures are only available for majors.
Don't give up on your dreams. Keep sleeping.
  • #189
  • Aug 30, 2016 9:24am Aug 30, 2016 9:24am
Quoting TradingLife
{quote} Interesting - when US overlaps London, there should be the most liquidity in the market, so that's why slippage should be minimum there (except news). By pipettes you mean 0,10 pips or 10 pips? By the way I checked their page for active traders and there is no note like special liquidity - so the liquidity is probably the same for all accounts. You probably only get some advanced services or better commission. By the way if I take a look at reviews of other traders - Pepperstone is either the best or the worst broker they have ever trader...


0.10 pips was the slippage. When us overlaps london, then there is more liquidity and slips rarely happens, but on major exotic its possible. I think many traders get slipped 0.10 pips without noticed it. Before trading the active traders program, is was using their standard account, only minor problems, that could happen everywhere. Their liquidity pool is the same no matter what type of account you trade with pepperstone, the real difference is in spread and commision, wich is much lower. - But i also need to keep a certain amount of cash in my account the keep theese 'goods'
I know pepperstone (And for that matter, many other brokers) has a hate it og love it image. - I think the source of this problem, is the low deposit.
Low deposit attract some rookie traders, and many rookie trader have a huge ego and therefore claim that their loss is the brokers fault and bla bla bla. With that said no broker is perfect, i can only share my own experience that i have with various brokers. ... AND yes, there are many shady brokers outthere, but there are also some good.
MY SITTING, NEVER MY THINKING!
  • #190
  • Aug 30, 2016 9:42am Aug 30, 2016 9:42am
Quoting cTrader
{quote} Hello Artcool, Please be advised that cTrader accounts can be connected to myfxbook. As for copying trades from another cTrader account, you can use our own mirror trading system called cMirror (https://cmirror.com). Within cMirror, you can copy trades from other cTrader accounts or you can broadcast your trading strategy for other traders to follow it and pay you the commission. Copying trades from cTrader to MT4 is theoretically possible, but it cannot be done through cMirror and we do not support any kind of software that can...

Does cTrader have "one click trader" EA that allows to open trade fast with stop loss set in pips? Moreover, is it possible to copy own trades from one account to another? Something like cMirror, but without commission of course Only option I'm interested is percentage value allocation based on stop loss and balance. For example master account opens long position on AUDUSD with 10 pip stop loss (position size is irrelevant). Slave account is set 1% risk per position, balance equals $100.000, so it should open 10 lot ( 10 USD per lot, 10 pip, 10 lot equals $1000 risk). Is it possible?

Best regards!
  • #191
  • Edited 10:06am Aug 30, 2016 9:52am | Edited 10:06am
Quoting BlackPip
If I were an American I would open a futures account with any of the FCM-s and say bye-bye to all US forex brokers.

I'm curious if anybody knows website where anybody can check for free current liquidity on forex futures, five bids and asks at least? How much standard lots usually can be traded at once without changing price?
  • #192
  • Aug 30, 2016 10:03am Aug 30, 2016 10:03am
Make an account here: https://www.cme-equotes.com/packages...re/equivalents

You can watch CME FX futures realtime book for free.
  • #193
  • Aug 30, 2016 10:08am Aug 30, 2016 10:08am
Quoting insomniawawa
{quote} Does cTrader have "one click trader" EA that allows to open trade fast with stop loss set in pips? Moreover, is it possible to copy own trades from one account to another? Something like cMirror, but without commission of course Only option I'm interested is percentage value allocation based on stop loss and balance. For example master account opens long position on AUDUSD with 10 pip stop loss (position size is irrelevant). Slave account is set 1% risk per position, balance equals $100.000, so it should open 10 lot ( 10 USD per lot, 10...

Hello insomniawawa,

Please be advised that QuickTrade panel is a native feature in cTrader. You have the QuickTrade buttons on top of the chart. In order to set SL and TP, you need to configure them in QuickTrade settings. You can read more about it here http://help.spotware.com/charts/quicktrade

As for the question about copying own trades, please be advised that in cMirror Signal provider can set the commission size himself. You can set the commission to 0, which will allow you to follow the account for free.

When talking about funds management in cMirror, we have to say that there is no option to calculate the position volume based on the account size. In cMirror investor (the one who mirrors the trades) can choose to follow the strategy only partially (for example fo 70%) in this case, if Strategy provider opens 1 lot position, the investor will only 0.7 lots. So the investor's position volume depends on the strategy provider's position. Although, please be advise that Investor can set Equity Stop Loss to prevent the account from going below the certain level.
cTrader & cAlgo - The New Standards in FX Trading
  • #194
  • Aug 30, 2016 10:08am Aug 30, 2016 10:08am
Quoting shrike
Make an account here: https://www.cme-equotes.com/packages...re/equivalents You can watch CME FX futures realtime book for free.
Something without account registration with full personal data?
  • #195
  • Aug 30, 2016 10:18am Aug 30, 2016 10:18am
Quoting cTrader
{quote} Hello insomniawawa, Please be advised that QuickTrade panel is a native feature in cTrader. You have the QuickTrade buttons on top of the chart. In order to set SL and TP, you need to configure them in QuickTrade settings. You can read more about it here http://help.spotware.com/charts/quicktrade As for the question about copying own trades, please be advised that in cMirror Signal provider can set the commission size himself. You can set the commission to 0, which will allow you to follow the account for free. When talking about...
Thank you for reply I think these are good improvements that spotware should think about. Possibility to copy own trades between own accounts and position calculation based on balance and stop loss level Without that I still have to use MT4
  • #196
  • Aug 30, 2016 2:58pm Aug 30, 2016 2:58pm
Hello, don't know where to drop this post since i can't make new threats as a junior member. I have been researchring forex for a few weeks now. One of the problems i need to solve is finding my first broker. Long story short. Whats up with all these regulators? Can someone explain me the big differences between them?
I ask this because many times i read threats where there is stated that.

  1. "brokers under FCA UK is the best"
  2. "brokers under CySec is for the majority a scam"
  3. "brokers under FSPR regulation are a joke"
  4. ...

Since i havent read many threats with opinions for ASIC and IFSC of belize i love to hear them.

  • #197
  • Aug 31, 2016 2:00am Aug 31, 2016 2:00am
Quoting cTrader
{quote} Hello TradingLife, Just to step in and correct you a little bit. With cTrader, plug-ins, price delays and price tweaks are impossible, that was our business decision from the very beginning and will never change. Just to let you know; Spotware host all brokers solutions and Spotware are the only party with root access servers and database. This means brokers have no opportunity to modify any server/system behavior. There is no dealing desk for brokers to use and literally nothing they can do to interrupt your trading via our technology....
Hi cTraders, thanks for contributing here - I am very happy to hear this! It sounds like you did a lot of good decisions to increase the quality of services provided to traders. But, you will probably agree with me, that you, as software provider, can't control the liquidity providers of each broker and their quality. You know, usual trick of scamming ECN / STP brokers is to only have one liquidity provider - market maker that they own or they share losses of traders. The only one liquidity provider can always provide bad pricing / slippage / orders execution. So even if there are some great decisions and your effort to provide fair services, based on my opinion and experience, it was and will always be about choosing the right broker with fair approach to traders.
Acta non verba
  • #198
  • Aug 31, 2016 2:01am Aug 31, 2016 2:01am
Quoting nonlinear
{quote} I am not saying they are clean, just possibly better than the rest. ATC is shady and no longer an option.
OK - no problem, understood. Why do you think that ATC is shady?
Acta non verba
  • #199
  • Aug 31, 2016 2:04am Aug 31, 2016 2:04am
Quoting BlackPip
If I were an American I would open a futures account with any of the FCM-s and say bye-bye to all US forex brokers.
Yep, it's a good idea to trade the futures or one can trade options (beware, NOT binary options!). Not a lot of traders know that they don't have to trade the spot FX only, but there are futures, forwards, options and others too.
Acta non verba
  • #200
  • Aug 31, 2016 2:06am Aug 31, 2016 2:06am
Quoting Artcool
{quote} As far as I know, futures are only available for majors.
You can find more information regarding the futures available for example here.
Acta non verba
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