BarxDirect FX

This is a discussion on BarxDirect FX within the Forex Brokers forums, part of the Commercial category; Anyone use Barclays BarxDirect fx. Seem very good but just wondered about liquidity. Any problems getting orders filled? They said ...

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Old Jun 16, 2010, 6:44pm   #1
 
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BarxDirect FX

Anyone use Barclays BarxDirect fx. Seem very good but just wondered about liquidity. Any problems getting orders filled? They said there should be no problems for orders below 3million?
thanks
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Old Jun 16, 2010, 7:15pm   #2
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Re: BarxDirect FX

Never heard of this broker...









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Old Jun 16, 2010, 7:21pm   #3
 
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Re: BarxDirect FX

I use Barx. No problems to report whatsoever, works like a charm.
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Old Jun 16, 2010, 9:10pm   #4
 
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Re: BarxDirect FX

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Quote:
Originally Posted by Martinghoul View Post
I use Barx. No problems to report whatsoever, works like a charm.
thanks. I saw one of your posts from last year.
Started learning trading about 3 months ago and only heard of them 2 days ago!

Why dont they advertise more?

The spreads seem very reasonable on the demo and they said its pretty much the same live. Is this correct?

Also do you get depth of market on the live system?
I thought I would have to open a marketmaster account and maybe pay a subscription charge - but no.
thanks
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Old Jun 16, 2010, 9:16pm   #5
 
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Re: BarxDirect FX

Scotty2Cues started this thread
Quote:
Originally Posted by Martinghoul View Post
I use Barx. No problems to report whatsoever, works like a charm.
eur/usd has about 0.9 pip spread at the mo on the demo.

Also you can trade live 24hrs?

Can you get the daily range to close to 300 bars?

thanks
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Old Jun 17, 2010, 11:02am   #6
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Re: BarxDirect FX

Quote:
Originally Posted by Martinghoul View Post
I use Barx. No problems to report whatsoever, works like a charm.
what's the account opening procedure and the initial requirements...?
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Old Jun 17, 2010, 11:50am   #7
 
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Re: BarxDirect FX

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Originally Posted by Black Swan View Post
what's the account opening procedure and the initial requirements...?

min £5k deposit, min lot size is 50,000.

Fill in online application, send them 3months of bank statements, deposit.
Spoke to them yesterday.

god knows why they dont advertise more
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Old Jun 17, 2010, 11:54am   #8
 
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Re: BarxDirect FX

Scotty2Cues started this thread they are not true ecn but are stp (havent figured out what the difference is yet lol)
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Old Jun 17, 2010, 12:00pm   #9
 
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Re: BarxDirect FX

Scotty2Cues started this thread no subscription fees or commision, all in the (tight) spread. Although Im not sure whether the two below are the same:

http://www.stockbrokers.barclays.co....ecase=landing3


and

http://www.barx.com/fx/index.html
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Old Jun 17, 2010, 12:00pm   #10
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Re: BarxDirect FX

Quote:
Originally Posted by Scotty2Cues View Post
min £5k deposit, min lot size is 50,000.

Fill in online application, send them 3months of bank statements, deposit.
Spoke to them yesterday.

god knows why they dont advertise more
You've answered your own question...doubt if we'll see them set up an SB firm...having said that did they have one in the long distant past?
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Old Jun 17, 2010, 12:04pm   #11
 
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Re: BarxDirect FX

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Originally Posted by Black Swan View Post
doubt if we'll see them set up an SB firm...having said that did they have one in the long distant past?
they have spreadbetting options (if thts what SB means) and CFDs
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Old Jul 11, 2010, 8:56pm   #12
 
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Re: BarxDirect FX

yes spoke to them last year that are no a ECN, but i think they have ECN for bigger min £££ openings,

didnt say they where STP then they said they where Market makers, trades where NOT going thru, this is what the Rep said himself,

i dont know if this has changed now and they may have gont STP, but dose all trades get STP ??

dont know, still looking for a ECN myself.
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Old Jul 11, 2010, 10:17pm   #13
 
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Re: BarxDirect FX

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Originally Posted by 4win View Post
yes spoke to them last year that are no a ECN, but i think they have ECN for bigger min £££ openings,

didnt say they where STP then they said they where Market makers, trades where NOT going thru, this is what the Rep said himself,

i dont know if this has changed now and they may have gont STP, but dose all trades get STP ??

dont know, still looking for a ECN myself.
they are stp. do you know what the bigger ££ is for ECN there?
Have you looked at Dukascopy? they are true ECN
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Old Aug 28, 2010, 2:57pm   #14
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Re: BarxDirect FX

Barxfx is only available to institutions, for retail clients barclays stockbrokers offers fx.
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Old Sep 23, 2010, 9:50pm   #15
 
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Re: BarxDirect FX

If you have moved up from the pure Retail level in FX, but have not yet arrived at the pure Institutional level in FX, then it does not get much better than BARX FX.

I consider BARX FX, one of the preeminent "Commercial" grade trading platforms and liquidity sources out there. You'll need about $300k to open your account. Their representatives speak in fast, straight forward terms - so when you call them, call prepared, having done your homework about what it means to trade at this level. This is not Autobahn FX, but that's Institutional anyway and you'll need millions to set up an account.

Best bet for high level Institutional: Find yourself a good Prime Broker who runs FXall. You will avoid much of the legal headaches associated with getting on platforms like Autobahn and you will have a trading platform that is designed with the Trader in mind - which means, flexible order types and a full spread API for AutoBot executions. Your liquidity through FXall will be some of (if not THE) best public facing FX liquidity available to the individual/private Comercial/Institutional Trader.

The term "ECN" has been misused more in this industry than in any other trading niche I know. STP is a "function" (or, can be) of an ECN. An FX ECN is in simple terms, an order routing, parsing, integration, aggregation and matching, OTC transaction distribution hub. STP, assumes a middle layer between your desktop client and the "real interbank market" that is NOT infiltrated with human intervention -aka- a Dealing Desk. However, technology being what it is today, the so-called "Dealing Desk" does NOT have to be manned by humans. It could very well be a Virtual Dealing Desk, driven by mathematical algorithm.

Technology will enable Retail FX to look on the surface more like Commercial and/or Institutional FX. Thus, the ECN and STP will merge into a EVSTP model, if this segment (Retail) continues to grow. No doubt, your "Broker" will pound themselves on the chest and proclaim that they now offer "Institutional Grade STP," or something equally as ridiculous and bloated with marketing hype.

Today, this should not be your focus - because it is out of your control.

Today, as a Retail Trader, your focus should be whether or not you trade with a real Bank, or not. That's probably the single most important question you can ask yourself before opening an account. If the answer is no - then your next Retail question should be, am I trading somewhere that offers me at the very least, Currenex type liquidity routing. If the answer is still no - then, you need to seriously question whether or not you are trading Retail FX through the proper channels, because the only thing left will be Buck Shops like FXCM, OANDA and the list goes on, seemingly forever.

That should just about tidy things up here.
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