Fxpro moved to agency model

ln999 · Jul 10, 2012, 8:35am

Just had an email to say that fxpro has moved to an agency model. No dealing room intervention, no conflict.

Is this as good as it sounds or is there a catch ?

scose-no-doubt · Jul 10, 2012, 8:44am

whats an agency model? ecn or gtfo!

The Leopard · Jul 10, 2012, 8:47am

Quote:

Originally Posted by ln999

Just had an email to say that fxpro has moved to an agency model. No dealing room intervention, no conflict.

Is this as good as it sounds or is there a catch ?

I'll believe FXPRO is any good when pigs fly - outta my ass!

ln999 · Jul 10, 2012, 8:49am

From the email I received

Following on from last year's successful launch of FxPro cTrader (ECN platform), the full transition from market making to an agency model on all of FxPro's platforms is the final step in totally aligning its interests with those of its clients.

Client orders are sent directly to FxPro's global pool of liquidity providers with spreads from 0 pips on cTrader ECN - with upfront commissions, and spreads with small mark-ups on MT4 – with no commissions. The execution model is seamless and FxPro's clients can trade with the confidence that their broker is working with them and for them at all times

I think it means that requotes and dodgy practices should not occur. I don't know if this will happen in practice. That's why I was wondering what the catch is ?

smartpips · Jul 10, 2012, 8:50am

Quote:

Originally Posted by The Leopard

I'll believe FXPRO is any good when pigs fly - outta my ass!

Why do you say that? Any bad experiences?

scose-no-doubt · Jul 10, 2012, 8:55am

How the f8ck can you make money off an ecn if you're offering the service for free?

The Leopard · Jul 10, 2012, 8:56am

Quote:

Originally Posted by scose-no-doubt

How the f8ck can you make money off an ecn if you're offering the service for free?

I'll believe they can make money like that when pigs fly - outta my ass!

ln999 · Jul 10, 2012, 9:01am

If this new agency model is going to be more profitable than their previous model, why don't all brokers change?

Jul 10, 2012, 8:35am	#1
ln999 Rookie Member Member Since Oct 2010 8 Posts	Fxpro moved to agency model Just had an email to say that fxpro has moved to an agency model. No dealing room intervention, no conflict. Is this as good as it sounds or is there a catch ?

Jul 10, 2012, 8:44am	#2
scose-no-doubt Legendary Member Member Since Apr 2010 4,551 Posts	Re: Fxpro moved to agency model whats an agency model? ecn or gtfo! __________________ "What the **** is going on here?!" - Mickey B Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!

Jul 10, 2012, 8:49am	#4
ln999 Rookie Member Member Since Oct 2010 8 Posts	Re: Fxpro moved to agency model From the email I received Following on from last year's successful launch of FxPro cTrader (ECN platform), the full transition from market making to an agency model on all of FxPro's platforms is the final step in totally aligning its interests with those of its clients. Client orders are sent directly to FxPro's global pool of liquidity providers with spreads from 0 pips on cTrader ECN - with upfront commissions, and spreads with small mark-ups on MT4 – with no commissions. The execution model is seamless and FxPro's clients can trade with the confidence that their broker is working with them and for them at all times I think it means that requotes and dodgy practices should not occur. I don't know if this will happen in practice. That's why I was wondering what the catch is ?

Jul 10, 2012, 8:55am	#6
scose-no-doubt Legendary Member Member Since Apr 2010 4,551 Posts	Re: Fxpro moved to agency model How the f8ck can you make money off an ecn if you're offering the service for free? __________________ "What the **** is going on here?!" - Mickey B Looks like Scose be trollin' 'aaaaard tho... as far as some are concerned!

Jul 10, 2012, 9:01am	#8
ln999 Rookie Member Member Since Oct 2010 8 Posts	Re: Fxpro moved to agency model If this new agency model is going to be more profitable than their previous model, why don't all brokers change?

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