Yep. They also add pips to the spread. I usually see one or two pips in GBP, and FXCMPRO shows 5. The spreads are pretty much the same as their trading station. Unreal. I am suripised CX lets them do that, but they do.
whoknows, CX's position is that they are just the technology provider. The broker that uses the technology has the freedom to connect to the general CX network (where client-to-client orders are matched) and to add the banks (liquidity providers) they wish as additional liquidity on their end. I know that CX is not at fault for what FXCMPRO does, but in the eyes of some traders - CX is doing like Pontius Pilate, "I am innocent of this man's blood!" (as Nick suggests). From my interpretation of what fxsomebody said during our conversations, I think that CX wants to be a bit more proactive about this stuff going forward. If they implement some of the things he mentioned, I'm sure more traders will flock to them.
Hello all, talking about fxcmpro, when we were setting up our managed account side we spoke with fxcm about Pro, the sales lady walked me through the CX platform, when I asked her to explain why the spread was 3 pips and PFG's was 0-1 pip she said that PFG was creating an artificial market and 3 pips was the "real" market, I almost burst out laughing at that statement. I also asked about API trading and she told me that FXCM would have to approve any programs to make sure they were not "predatory", I guess that means profitable. After this experiance, I would not reccommend them to anybody. Since PFG was already mentioned, I willl tell you that they have treated us very well and we are pleased with their service, if you want to trade CX with a 50k size minimum, I would reccomend them. The Never Trading With FXCM VIPER
Did you try AARONTRADE ? It would be interested to hear how is this WL broker comparing to lets say PFG
Why doesn't FXCM advertises clearly : NO PROFITABLE TRADERS WELCOME WITH US, EVEN NOT ON OUR CURRENEX SPEAD-WIDENED OUTFIT
Ok, I have a question for the CX crowd in here: I understand CX works on 'pools' of liquidity. With a white-label or prime brokerage agreement, can you get extra pools added, or are you simply stuck with the pool your provider has?
The pools are a result of the bank feeds. You would have to have the WL or PB arrange for another provider. Unless you are really swingin 'em, that would be tough. I don't think any of the providers are giving access to the dark or hidden pools ou there. I could be wrong, but that would be if you had an FX account directly with Goldman/Morgan/etc. I don't think you can access that liquidity through Currenex, no matter who you are using.
I think they do http://www.aarontrade.com/html/forex_trading_-_account_minimu.html That is one of the reason i ask for opinion about aarontrade