I don't really know. I don't think it was the account size or trade size as acct at its max was only about 10K. Profitability and high frequency probably.
Do you have any rough figures, such as 5% gain per week, and making trades per 5-minute? Have you ever tried to compare prices and timing against other forex sources/ charts (some are free) when Each Time you had got a strong feeling wanting to investigate ?
From the looks of the RefcoFX website, it appears that it is open to new accounts, astounding as that would seem. Its site has been updated in one understandable respect: the "Complete Safety of Funds" heading and page are gone now.
does anyone have any experience with efxgroup (the forex division of mb-trading). Also, I was looking at the latest forex broker reviews at http://www.goforex.net/forex-broker-ratings.htm and apparently ifx, gft, and fx solutions got some of the highest ratings, along with hotspotfx (the fx ecn). Does anyone have any experiences to speak of with any of these? gft sound interesting because they said they could match traders for a cmsn fee between the spread - no fee if they make the spread. Also, pipscooper, if you don't mind saying what firm are you currently trading with since oanda and how has your experience been there so far?
ifx commerce and hotspot ratings are based on 3 and 2 votes respectively, so IMHO the sample is rather small. At the same time Hotspot are a good company and so are IFX London. I never traded on IFX Commerce but their staff seemed to be not very professional and badly informed. Among the North America based companies Oanda and MG are heads above the rest in my opinion.
No, I didn't write it. It comes from Oanda's forum, from a thread entitled "pip shading" (or words like that). Check it yourself. The thread is a pretty healthy discussion by customers experienced with Oanda (assuming the forum is legit). The tag "Senior Member" is given by that forum, not me.
What point do you want to make by quoting that post? The forum is accessible by anyone and as your quote also states, the reply is an opinion ("My perception is, ..."). Senior Member status is a title given to someone that posts a lot, it does not have any value other than that. Now how should an opinion from one person, who posts a lot at the Oanda forums, prove Oanda is bad? You really make no sense at all. If you want to prove something about Oanda, give us some hard facts, this is just BS.
Heed my warning!!! I anticipate that in the near future, refco will go bankrupt. You have been warned
well, i was wrong, not to do the same as them... the founder is selling his stake, 49%, for c$90mio... starting K, about $50K perhaps, can't remember, 4 years ago... their business completely exploded since mid last-year and went vertical when they obtained their licence in Feb this year... food for thought... http://www.strataworks.co.jp/en/newsletter/market/market-2006_07-show.html i'll provide the link to the acquisition papers when Jim confirms the big cheque has cleared...