Currenex, HotSpotFxi, Lava - Pimps for the Banks? - No Scalpers

Discussion in 'Forex Brokers' started by danger66, Dec 21, 2006.

  1. I am not certain, but that seems a little strange to me. They must already have their providers, and if you open up a 25k acct they probably just let you use the CX software but still deal on their spreads and their trading desk. That makes it no different than these fixed spread platforms, other than CX technology, which isn't worth much without the liquidity and multiple feeds. If you deposit a bigger account, maybe then they turn on their other (already existing) feeds for you to access. I have never heard of this group, so I would want to see some financials to get an idea of their potential credit lines with their relationships.

    Also, they are advertising FXAll, which was also very strange to me. Last I checked, in order to trade through FXAll you had to have a major account with one of the actual liquidity providers (Merrill/UBS/Morgan, etc.). That is why FXAll volume is mostly corporates using hedging, etc. Again, I could be wrong, but I will call them next week to check out their supposed access to these systems and liquidity. Their advertising doesn't make sense to me yet, but again, I could be missing something.
     
    #141     Jan 6, 2007
  2. sccz97

    sccz97

    also, their website .... well, let's say my 12 year old nephew could have done a better job
     
    #142     Jan 6, 2007
  3. siki13

    siki13

    I know ,its like some kindergarten kids made it . :confused:
     
    #143     Jan 6, 2007
  4. spieler

    spieler

    I was on vacation for a while :)
    Good to be far from the market sometimes.

    As for volume my average is 5m per click ( between 2 and 10)

    I use CX through a WL in london ( Capital forex pro)

    As for fxcm pro they tried to convince me to go with them .
    i tried ths demo cx with them and get 2 pips more than with CF pro
    So end of story fo rme with them
    I pay 25$ per million with CFP and they are very reactiv
     
    #144     Jan 7, 2007
  5. johnmo

    johnmo

    What about their liquidity (eg. European session)? Do they work mainly with US banks or EU banks?...
     
    #145     Jan 8, 2007
  6. spieler

    spieler

    no liquidity problem during european session which is the most liquid
    you have at lleast 30 mios on euros per clic available almost all th etime without slippage
    and the spread on euros is 1pip 90% of the time and sometimes zero
     
    #146     Jan 8, 2007
  7. I have a really stupid question...how is the rollover interest differentials handled?

    Michael B.


     
    #147     Jan 8, 2007
  8. That is up to your prime broker/white laber provider and the deal you have agreed.
     
    #148     Jan 8, 2007
  9. anyknow know what the min account balance i should have before approaching prime brokers? will there be a significant improvement in commis, spreads, liquidity and execution speeds over IB?
     
    #149     Jan 8, 2007
  10. walt, Prime Broker or White Lable provider? They are different


    The Ever Trading CX VIPER
     
    #150     Jan 8, 2007