Fxcm New Ecn Platform

We want more rules!

Especially like this one to deal with busted/adjusted trades after execution (sometimes a lot after!)

 

I think he was complaining about the vast discrepancies between interbank quotes and FXCM's quotes, as well as mysterious stop-hitting spikes and ridiculously wide spreads.

It all adds to the general concenus that FXCM is basically dishonest and not a company to do business with.

I agree though, he must be one dumb schmuck, the guy was trading a market he had absolutely no idea about and without any idea of how the company he traded with was doing business, what did he expect but to lose money. Unfortunately there are thousands just like him!

 

Probably some truth to this, but which bucket shop doesn't do this to some extent?

 

Absolutely, I agree, the difference is he didn't know how to exploit it or at least compensate/allow for it in his trading strategy, in fact it doesn't sound like he even knew it could happen until it had happened!

 

i had one of my traders trade demo this week on this new platform, this is suppose to be there pure ECN with out fxcm marking up the spreads but just charge a comm, so i will throw 25k with them and let you guys know how it turns out.

 

JDL


I spend many hours searching information, but so far, you are the one (first) who is about to trade with them.
Will be nice to here how it works, I'm intrested too.

Good luck and best regards

 

will keep you posted.

 

ok after demoing this platform i decided to go live this week so let me givie you an update, liquidity on my main pair i trade is not that good for a ecn, i trade gbp/usd in there liquidity on this pair seems to stay around 13mill, but on eur/usd and usd/jpy it stays around 30mill any way i won't be doing those numbers with them, spreads are very good and execution is damn good one of my system use a lot of stop orders like buy stop and sell stop and everthing was hit to the point maybe 1-2 pips slippage, so far everything is good. i will have one of my traders trade this system and keep you guys posted.

 

let us know if you have any success negociating comissions lower....because at the moment they must be one of the most expensive in all the ECNs available.

 

no, mb trading is the most expensive out there, my spead when i trade is between 0.3 to 1.8 so with comm at $10 round turn that makes it 1.3 to 2.8 pips witch is not bad.