ECN Broker - MT4

This is a discussion on ECN Broker - MT4 within the Brokerages forums, part of the Commercial category; Originally Posted by JDTRADER The FTT MT4 worked fine but the commission you see on the MT4 is just for ...

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Old Apr 29, 2011, 9:05am   #15
 
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Re: ECN Broker - MT4

Quote:
Originally Posted by JDTRADER View Post
The FTT MT4 worked fine but the commission you see on the MT4 is just for FTT for use of the MT4 Bridge. The FTT MT4 is linked to JFOREX which opens and close trades and after a number of trades the balance on Dukascopy was different to FTT because you don't see the commission for Dukascopy on the MT4.
Where did you not see the full commission charged?

Quote:
When I closed half of a trade the system was flawed as it just opened another trade on JFOREX, my long where I took half profits and let the rest run but in fact on Dukascopy JFOREX I was now short half.
Did you have multiple orders in Metatrader 4 (besides the one you mentioned here) open at the time that you closed half of the long position?

This is a common misconception about there being an 'error' in the system. In actuality it's the difference between an order based system (Metatrader) and a position based system (JForex). I made a video to describe this to a client once so please take a look and you'll most likely find the answers you're looking for.



Quote:
Worked fine opening and closing full lots but JFOREX did not understand or there was a tech flaw on partial closing.
Again, please see the video above. 1 1 lot long + a close (short on the position based system) is flat on both.

Quote:
Plus don't see the point paying double commission just to use MT4 on ECN where other brokers give this option.
Dukascopy themselves do not offer the Metatrader platform for live trading. It's a business for us and therefore we have to make money as well. If Metatrader is not necessary for your day to day trading, then JForex is a great platform as well.

Quote:
Traded the JFOREX on its own which works very similar to MT4, great spreads (Seen EUR/USD go zero spread) But its for a bigger balance than I got. Plus the commission, margin was confusing.

My situation has changed as I'm losing my job 9th May so I'm going live on SLM
I hope I've answered a few questions for you and if you have any more, please don't hesitate to ask.
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Old Apr 29, 2011, 10:36am   #16
Joined Mar 2011
Re: ECN Broker - MT4

Quote:
Originally Posted by JDTRADER View Post

My situation has changed as I'm losing my job 9th May so I'm going live on SLM
SLM , as in smartlive markets ?

why them ?? i heard they were terrible. which is disappointing on account of them having mt4 on spread bet.
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Old Apr 29, 2011, 11:09am   #17
Als
Joined Jul 2010
Re: ECN Broker - MT4

for FTT to answer

run demo

can see commission around 5 euros

duka charges around 10 and your 5

and spread 0.8-1.2

in total more than 2 pip per lot

can't see any reason to use duka with mt4 bridge

did i get it right?
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Old Apr 29, 2011, 11:13am   #18
Als
Joined Jul 2010
Re: ECN Broker - MT4

Quote:
Originally Posted by JDTRADER View Post
The FTT MT4 worked fine but the commission you see on the MT4 is just for FTT for use of the MT4 Bridge. The FTT MT4 is linked to JFOREX which opens and close trades and after a number of trades the balance on Dukascopy was different to FTT because you don't see the commission for Dukascopy on the MT4.

When I closed half of a trade the system was flawed as it just opened another trade on JFOREX, my long where I took half profits and let the rest run but in fact on Dukascopy JFOREX I was now short half.

Worked fine opening and closing full lots but JFOREX did not understand or there was a tech flaw on partial closing.

Plus don't see the point paying double commission just to use MT4 on ECN where other brokers give this option.

Traded the JFOREX on its own which works very similar to MT4, great spreads (Seen EUR/USD go zero spread) But its for a bigger balance than I got. Plus the commission, margin was confusing.

My situation has changed as I'm losing my job 9th May so I'm going live on SLM
have you experienced live jforex platform freese?
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Old Apr 29, 2011, 11:24am   #19
 
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Joined Apr 2011
Re: ECN Broker - MT4

Quote:
Originally Posted by Als View Post
for FTT to answer

run demo

can see commission around 5 euros

duka charges around 10 and your 5

and spread 0.8-1.2

in total more than 2 pip per lot

can't see any reason to use duka with mt4 bridge

did i get it right?
Commission schedules are found here:
http://www.dukascopy.com/swiss/engli...ission-policy/

and

here:
http://www.fairtradingtech.com/t3-bridge/commision/

Spreads are identical to Dukascopy. No filtering, etc. So whatever you're getting there you get in MT4.
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Old Apr 29, 2011, 11:53am   #20
Als
Joined Jul 2010
Re: ECN Broker - MT4

Quote:
Originally Posted by Fair Trading Tech View Post
Commission schedules are found here:
http://www.dukascopy.com/swiss/engli...ission-policy/

and

here:
http://www.fairtradingtech.com/t3-bridge/commision/

Spreads are identical to Dukascopy. No filtering, etc. So whatever you're getting there you get in MT4.
sorry

but still cant understand

can see on demo profit commission and balance

is this all?no any extras for duka?

another ?

how much negative margin can go?(stop out level)
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Old Apr 29, 2011, 12:00pm   #21
 
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Joined Apr 2011
Re: ECN Broker - MT4

Quote:
Originally Posted by Als View Post
sorry

but still cant understand

can see on demo profit commission and balance

is this all?no any extras for duka?

another ?

how much negative margin can go?(stop out level)
Commissions calculated on the MT4 platform include all commissions.

And margin on the MT4 platform can reach 0, which in Dukascopy's terms is 200% (complete margin utilization + drawdown) In this case MT4 does not handle a stopout. Dukascopy manages it and we just replicate whatever they do.
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