I'm sorry to hear that yyc. Where you trading on their Currenex platform or another retail platform? What do you mean by "I apply for ECN trading with them?" Do you mean, Currenex? What pair had an 8 pip spread and at what time of the day? Why ...

Peregrine Financial Group, Inc.

I wonder what happens now to IBFX. Many insiders I know have always claimed that FXLQ was clearing all of IBFX's business.

FXLQ

Thanks, FX. I'm looking forward to receiving the info.

FXAnalytics

FXAnalytics, I PM'ed you late last week regarding the opportunity to work together. I sent you some requirements. I think your analysis here is great and a great tool to many.

FXAnalytics

Yes; they are very slick. The NFA/CFTC should be really trying to stop such behavior rather than wasting so much time regulating IB's and others.

FXLQ

Using limit, fill-or-kill (FOK), or FOK+Limit is definitely the way to trade on any platform. That will prevent getting slipped, but it still won't make you immune to missed opportunities as a result of missing a fill that you shouldn't have because ...

Oanda large accounts

I'm not talking about spread widening during news. That happens everywhere (even on institutional hubs); even though the widening of spreads at a dealing desk (market making) firm is completely artificial. What I mean by that is that it is a result ...

Oanda large accounts

Amen! I agree 100% - and if you ever decide to trade for an institution, they will never allow you to trade using the 100-to-1-swing-for-the-fences style that many traders (who are ticking time bombs!) employ.

Is it good use high or low leverage as a beginner?

Xaron, I agree with you. For your style they're OK - but I'm getting more and traders complaining about them. I personally think that trading with them (or anyone else) using market orders is nuts. But you're right, compared to the MT4 bucket shops, ...

Oanda large accounts

The more frequently you trade (scalping, etc.), the more you will get slipped. Their feeds lags behind the real market sometimes too, which is common for dealing desk feeds.

Oanda large accounts

turbo, i don't think the simplified exam will ever happen. I do agree with you though. What does an FX trader care about commodities? The problem is that the regulatory stuff will always be there, so the commodities will always be intertwined in ...

Avail Trading Group...

Turbo, do you mean that the series 3 is too difficult or to easy? Personally, I think the exam is a joke. When I was a stockbroker in the past, I got the 3 just for kicks - though I never used it. I thought it was a piece of cake to get; boring as ...

Avail Trading Group...

I agree. Usually, there's no point in doing so; unless going through the IB allows a trader to open up with a lower minimum than going straight to the FCM. This may be the case with Avail. BGC has recently changed their policy. They will no longer ...

Avail Trading Group...

From our dealings with various traders who want to trade for us (and other money managers who have), I feel that Oanda does "manipulate" the price somewhat. Nevertheless, they are probably the best market-maker out there to set up an account with. ...

Oanda large accounts

Since new regulations last month, if you're going to get paid from an NFA registered IB (like Avail), you also need to be registered with the NFA in some capacity. Even if you're going to become the IB of a registered FCM, they're going to be even ...

Avail Trading Group...

I don't think the issue here is whether or not you could get screwed placing market orders during news. We all know that you could. The issue is that if the broker is allowed to REPORT a confirmation over a minute after it occurs, they can make up ...

Can a broker execute a market order 1 minute 11 seconds after one clicked the price??

I agree with you. It is definitely not legitimate. I knew they would issue a refund. Why? Because they don't need the NFA complaint. It doesn't matter if you news traded. If they don't want to fill you on news, then simply issue a requote or ...

Can a broker execute a market order 1 minute 11 seconds after one clicked the price??

To each his own. We like to be extra safe. We work with a wide variety of styles, since the overall program has to be diversified for the assets of an institution that funds the traders; from high frequency (low latency) trading to swings that can ...

Slippage Study

bugscoe, just because you never had a problem in the past [outside of news], it doesn't mean that you won't have one in the future. I know that you may never have a problem using market orders, but there's always a possibility in the background of ...

Slippage Study

Agree 100%. In fact, the feature that you mentioned is something we had coded once about a year ago into a front end to trade on Currenex. It automatically sent buy orders at Ask + X pips of slippage and Sell orders at Bid - X pips of slippage. It ...

Slippage Study