No Scalping !!!

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serpfra1

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They have adjusted my account to 25:1 leverage because "the trading pattern in my account is technically scalping".They said :"If you can demonstrate that your trading will not use this scalping method we can look at restoring your leverage back to normal.We will look at your account in another 10 days to review your trading." :eek:

this is i n t e r b a n k f x :eek:
 
Serpfra, how are you getting on ? this is a reply I got from them as I posted to you on M/tec forum a while back Whats your sponsoring thoughts or concerns with this issue ?*********************************************************************************************

just had this chat with them...

Please wait for a site operator to respond.

Customer Support: Hello, how may I help you?
Visitor: hello, could you tell me if you have any scalping policies in place and how does it work ?
Customer Support: Yes
Customer Support: you cannot hold trades for seconds
Visitor: what am I limited to ?
Customer Support: anything longer is okay
Visitor: ok so its based on a time factor and not points ?
Customer Support: yes
Visitor: whats the cut off time factor sub 60 seconds?
Customer Support: yes
Visitor: ok but 61 seconds is ok ?
Customer Support: there is no set time
Visitor: right so its based on points then ?
Customer Support: The banks monitor large amounts of money for scalping
Customer Support: smaller account get by fine
Customer Support: time
Customer Support: 20 lots or greater
Visitor: there is no set time, yet its based on time.
Customer Support: the maller the time frame and the larger the amount in lots, you will get red flagged
Customer Support: smaller
Visitor: ok but sub 20 lots is free to trade in seconds ?
Customer Support: It will go below the radar
Visitor: ok thanks for your time there, very helpful.
Customer Support: As you approach 20 lots the roskier it gets for you
Visitor: ok, thanks again., goodbye
 
may I suggest finding a broker who will offer rebates for trades and let the company who will not allow fast trades lose your business with them. As big as this market is, its still a small world. Close your aacount on good terms , you'll be surprise how many brokers move from firm to firm. Good luck
 
serpfra1 said:
They have adjusted my account to 25:1 leverage because "the trading pattern in my account is technically scalping".They said :"If you can demonstrate that your trading will not use this scalping method we can look at restoring your leverage back to normal.We will look at your account in another 10 days to review your trading." :eek:

this is i n t e r b a n k f x :eek:
Click to expand...

only 25:1?!?!? You're lucky indeed .. I had all my accounts lowered to 1:1. It's sad that they call themselves interbankfx when in fact they are far from being interbank. They have only one liquidity provider. Anyway, even with 100% margin req I am still rinsing them clean. With lagging quotes, how do they expect to compete with the other brokers out there?
 
fxmarkets said:
Serpfra, how are you getting on ? this is a reply I got from them as I posted to you on M/tec forum a while back Whats your sponsoring thoughts or concerns with this issue ?*********************************************************************************************

just had this chat with them...

Please wait for a site operator to respond.

Customer Support: Hello, how may I help you?
Visitor: hello, could you tell me if you have any scalping policies in place and how does it work ?
Customer Support: Yes
Customer Support: you cannot hold trades for seconds
Visitor: what am I limited to ?
Customer Support: anything longer is okay
Visitor: ok so its based on a time factor and not points ?
Customer Support: yes
Visitor: whats the cut off time factor sub 60 seconds?
Customer Support: yes
Visitor: ok but 61 seconds is ok ?
Customer Support: there is no set time
Visitor: right so its based on points then ?
Customer Support: The banks monitor large amounts of money for scalping
Customer Support: smaller account get by fine
Customer Support: time
Customer Support: 20 lots or greater
Visitor: there is no set time, yet its based on time.
Customer Support: the maller the time frame and the larger the amount in lots, you will get red flagged
Customer Support: smaller
Visitor: ok but sub 20 lots is free to trade in seconds ?
Customer Support: It will go below the radar
Visitor: ok thanks for your time there, very helpful.
Customer Support: As you approach 20 lots the roskier it gets for you
Visitor: ok, thanks again., goodbye
Click to expand...

I lost a lot of time with then...I'm a SCALPER .I trade like a SCALPER.I love SCALPING...And they are so confused about SCALPING.Hope I am the only one with this problem...................
 
josephforex said:
may I suggest finding a broker who will offer rebates for trades and let the company who will not allow fast trades lose your business with them. As big as this market is, its still a small world. Close your aacount on good terms , you'll be surprise how many brokers move from firm to firm. Good luck
Click to expand...
Thank you , already done.I lost a lot of time...
 
sccz97 said:
only 25:1?!?!? You're lucky indeed .. I had all my accounts lowered to 1:1. It's sad that they call themselves interbankfx when in fact they are far from being interbank. They have only one liquidity provider. Anyway, even with 100% margin req I am still rinsing them clean. With lagging quotes, how do they expect to compete with the other brokers out there?
Click to expand...

;)
 
How do they define scalping? Does scalping really mean trading profitably? Forex brokers do not seem to like trading profitably for some reason. You can day trade all you want and enter and exit any way you like. As long as you lose it is fine.
 
If you like scalping trade the EUR/USD Futures, or if you like spot prices, open an account

with Capital pro. All trades executed on the Currenex hub interbank prices with 1pip spread

on all majors. and they stay like that all day.but you do pay commisition to trade spot. becuse it

not a retial account, like the ones you guys are trading from., it would cost you $35,000 to open

an account, with them. if you want to trade futures, $5,000 to open account
 
Last edited:
indexgold said:
If you like scalping trade the EUR/USD Futures, or if you like spot prices, open an account

with Capital pro. All trades executed on the Currenex hub interbank prices with 1pip spread

on all majors. and they stay like that all day.but you do pay commisition to trade spot. becuse it

not a retial account, like the ones you guys are trading from., it would cost you $35,000 to open

an account, with them. if you want to trade futures, $5,000 to open account
Click to expand...

Do you use them? any weak points? what the ticket charge? did not see it on the web site. Leverage for fx?

Ike.
 
why not check out IB's IdealPro FX ECN.

I dont use IB but from what I've read their Forex ECN sounds like a great idea and dont care if you scalp or not.
 
Ecn?

It's not really an ECN if they know how you trade and restrict you from a certain type of trading.

Someone else who has used them for a while tells me they are now requoting prices.

An ECN would not even know that you are scalping.

I don't scalp myself. Holding a trade for seconds is defintely not my style. I'm just still trying to get the bottom of this broker racket and find the best place to trade. I am leaning toward CoesFX, EFX, and FXDD. Anyone else have a good ECN that they like? I'm looking into IB too.

Thanks.
 
Ecn

tradeartist said:
It's not really an ECN if they know how you trade and restrict you from a certain type of trading.

Someone else who has used them for a while tells me they are now requoting prices.

An ECN would not even know that you are scalping.

I don't scalp myself. Holding a trade for seconds is defintely not my style. I'm just still trying to get the bottom of this broker racket and find the best place to trade. I am leaning toward CoesFX, EFX, and FXDD. Anyone else have a good ECN that they like? I'm looking into IB too.

Thanks.
Click to expand...

Surely if you trade currency futures you would not have requote problems?
 
tradeartist said:
It's not really an ECN if they know how you trade and restrict you from a certain type of trading.

Someone else who has used them for a while tells me they are now requoting prices.

An ECN would not even know that you are scalping.

I don't scalp myself. Holding a trade for seconds is defintely not my style. I'm just still trying to get the bottom of this broker racket and find the best place to trade. I am leaning toward CoesFX, EFX, and FXDD. Anyone else have a good ECN that they like? I'm looking into IB too.

Thanks.
Click to expand...


Fxdd is a damn good broker they don't trade against you. i also have a account with mbtrading they are a ecn broker but there platform is horrible.
 
holding 20lots for several seconds then closing is *not* really scalping, it's taking advantage of a broker's poor infrastructure (i.e. delated quotes) - they won't let you do that for long and I really don't blame them

most markets require 3-5+ minutes to deliver a viable scalp, no broker should prevent you from trading very short term (i.e. minutes) - that's just regular scalping and quite normal
 
tradeartist said:
It's not really an ECN if they know how you trade and restrict you from a certain type of trading.

Someone else who has used them for a while tells me they are now requoting prices.

An ECN would not even know that you are scalping.

I don't scalp myself. Holding a trade for seconds is defintely not my style. I'm just still trying to get the bottom of this broker racket and find the best place to trade. I am leaning toward CoesFX, EFX, and FXDD. Anyone else have a good ECN that they like? I'm looking into IB too.

Thanks.
Click to expand...
If you got 50K plus you can look at getting onto Currenex, HotspotfXI, or Lava. Threw many Prime brokers these days.

turbo
 
Sorry

Can you tell us whos your broker?

serpfra1 said:
They have adjusted my account to 25:1 leverage because "the trading pattern in my account is technically scalping".They said :"If you can demonstrate that your trading will not use this scalping method we can look at restoring your leverage back to normal.We will look at your account in another 10 days to review your trading." :eek:

this is i n t e r b a n k f x :eek:
Click to expand...
 
Do yourself a favor, trade the real market, use currency futtures, as an added bonus, it will prepare you for trading anything else you might wish to trade.
You do NOT need a huge account to trade futures on the globex.
There are many US based brokers who will give you a great deal on commisions,(and possibly European ones too,i just don't know of any), personaly i would not stay with a broker that doesn't allow scalping, you should be able to trade any which way you want.
All of the above is just my personal opinion, do your own research.
 
Last edited:
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