Tracking SLM Entry Delay

This is a discussion on Tracking SLM Entry Delay within the Forex Net Trap forums, part of the Specialists' Corner category; the sync did not help. 6.31+6seconds - cannot login (no connection) - well again at 6.30 and 7 seconds I ...

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Old May 26, 2011, 7:36am   #25
 
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Re: Tracking SLM Entry Delay

the sync did not help.

6.31+6seconds - cannot login (no connection) - well again at 6.30 and 7 seconds I opened an instant 10p/pip buy to test - no probs.

6.31+6 seconds - loads EA

6.31+18 seconds - trade starts.

It has to be SLM?
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Old May 26, 2011, 9:42am   #26
 
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Joined Apr 2010
Re: Tracking SLM Entry Delay

Quote:
Originally Posted by peterf1966 View Post
the sync did not help.

6.31+6seconds - cannot login (no connection) - well again at 6.30 and 7 seconds I opened an instant 10p/pip buy to test - no probs.

6.31+6 seconds - loads EA

6.31+18 seconds - trade starts.

It has to be SLM?
If this keeps happening I think despite all the benefits SLM may have to be ditched if another MT4 broker can be found with similar spreads. Spreadbetting or not.

M
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Old May 26, 2011, 10:32am   #27
Joined Jun 2010
Re: Tracking SLM Entry Delay

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Originally Posted by mark120169 View Post
If this keeps happening I think despite all the benefits SLM may have to be ditched if another MT4 broker can be found with similar spreads. Spreadbetting or not.

M
This is quite good check it out.

http://www.forexpeacearmy.com/public...broker_reviews

I have used IG for years and even though people complain about them on the whole they are not bad and have been around for years. I am seriously looking for an additional broker which has got an MT4 interface which is reliable and honest and also has some sort of reasonable history. This is primarily so I can trade about eight currency pairs, brent and gold. I am finding it incredibly difficult - at the moment it looks like alpari or markets .com. - but that might change. Anybody with good ideas, I was not that impressed with SLM even though they have low spreads etc. It is difficult to know which brokers you can trust.
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Old May 26, 2011, 12:35pm   #28
Joined Jun 2010
Re: Tracking SLM Entry Delay

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Originally Posted by mark120169 View Post
If this keeps happening I think despite all the benefits SLM may have to be ditched if another MT4 broker can be found with similar spreads. Spreadbetting or not.

M
This reference is taken from a Forex Peace Army Review.

2011-05-18
Review: I echo Podberry's experience. SLM's greatest asset is the fact that they are (currently) the only UK Spreadbetting firm that offers the MT4 platform. As so many EA's are built for MT4 they have a significant captive market in the UK.

I have traded for two months with SLM and in the first month their charts froze during a key trading time. This caused me and many others to lose money. I later established that I was the first of many to complain and they offered me a refund provided I didn't mention it to anyone else! I now realise that this was because many, many others were to get nothing!

The mantra since then within SLM is, if you use and EA it's your fault not theirs. Ironic as the only reason most traders come to them in the first place is to use EAs!

In the second month I and 16 others (that I know of) started getting slow execution of orders. Typically 68 seconds late, this lasted 8 days before I left them but I believe it is still an ongoing problem. Again at key trading times, this delay was unacceptable. Also inexcusable considering I was using a very reputable VPS just around the corner from SLM! After many calls during the first problem day I was left in no doubt that I was in a 'them and us' relationship with SLM. I have kept a series of emails from Paul at SLM that were frankly rude and at no point entertained the idea that SLM could possibly be at fault. This despite the fact that many of us were using the same EA at the same time with other brokers without difficulty?

SLM are in total denial of any blame despite overwhelming evidence to the contrary. I have stopped trading with them because of their defensive/aggressive manner to customer services. I have also heard that if you are successful with them they put you into a different pool and work harder to ensure that your wins are limited. I do not however have first hand experience of this. In summary I was left in no doubt that customers are a real inconvenience to Paul at SLM, shame really when he works as Director of Trading!

"It seems that there are possibly some quite big groups of traders using the same EA's with them at certain times."

The rest of the reviews are not particularly complimentary.

http://www.forexpeacearmy.com/public...emarkets.co.uk

I realise that it is not appropriate to ask the question here but does anybody know how well the AFFx EA has been performing on SLM? Sorry in advance.
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Old May 26, 2011, 1:35pm   #29
 
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Re: Tracking SLM Entry Delay

Quote:
Originally Posted by mark120169 View Post
If this keeps happening I think despite all the benefits SLM may have to be ditched if another MT4 broker can be found with similar spreads. Spreadbetting or not.

M
Agreed, tax on winnings is still cheaper than losing outright.

Although some lucky buggers living offshore don't have Capital Gains / Income Tax on trading
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Old May 26, 2011, 1:38pm   #30
 
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Re: Tracking SLM Entry Delay

Anyone got experience of FXOpen for live trading? http://www.fxopen.com/TerminalMetaTrader4.aspx
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Old May 26, 2011, 5:11pm   #31
 
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Re: Tracking SLM Entry Delay

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Anyone got experience of FXOpen for live trading? http://www.fxopen.com/TerminalMetaTrader4.aspx
I have heard and seen of them but not used them. However, if this is another SB that uses FX with the MT4 than this should be a sure option... esp next year (being optimistic) when we will be on more that £100 per pip.

Its worth a try .... i am about to go live on SML... but willing to try out FXOpen and give feedback to all. (has SLM playing up?!... been away from all this for a week... and not been monitoring MT4) .
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Old May 26, 2011, 5:16pm   #32
 
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Re: Tracking SLM Entry Delay

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I have heard and seen of them but not used them. However, if this is another SB that uses FX with the MT4 than this should be a sure option... esp next year (being optimistic) when we will be on more that £100 per pip.

Its worth a try .... i am about to go live on SML... but willing to try out FXOpen and give feedback to all. (has SLM playing up?!... been away from all this for a week... and not been monitoring MT4) .
.... are these guys Spread Betters?! no mention on their website?
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