new_trader
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People get into trading because they want to make money, they are not interested in learning how the real market works.
tanyach
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That's why they lose money at once beleiving in empty words of different scammers
Do you realise what you are asking for when you say you are asking for zero slippage?
All any trader in reality ever wants is to be be exposed through a brokerage to the real market, and the real market has slippage. No tricks and just the market being your battle without the broker putting their extra zero on the roulette wheel so to speak.
Asking for zero slippage you need to realise is a bit like asking for arm bands and a rubber ring when you are going for a swim, you are fully stating your level.
All any trader in reality ever wants is to be be exposed through a brokerage to the real market, and the real market has slippage. No tricks and just the market being your battle without the broker putting their extra zero on the roulette wheel so to speak.
Asking for zero slippage you need to realise is a bit like asking for arm bands and a rubber ring when you are going for a swim, you are fully stating your level.
Your for sure right about that one.I wonder how many know about liquidity and illiquid markets and what really drives price action?regards Mike.
tanyach you are 100% correct, the key is to find the most stable. If you trade during non farm or other news, you will get slippage, it's as simple as that
candle7779, I will take a look at them as I like offers, I've never heard about them. I trade at Yadix, very happy with the execution there.
candle7779
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Well rather interesting proposal I'll see. And I can say that it is always profitable to look for new suggestions.
You know, I don't think that most people know what a requote is...
Weltrade broker claim no slippage and requotes
hello
Hi,
Varengold Bank offers no slippage, no requotes.
It is also a German-regulated commercial bank and can offer interest on your deposit.
Are you still interested in trading your own account?
Hi,
Varengold Bank offers no slippage, no requotes.
It is also a German-regulated commercial bank and can offer interest on your deposit.
Are you still interested in trading your own account?
Why not trade Forex Futures.
It will save you a ton of money in spreads Its regulated shows order flow and is very liquid. Everything else is same.
Look for 6E which is symbol for Euro USD from CME. I switched from Forex to Forex Futures because spread in Forex is 1-1.5 pips which is $10-$15 per side which implies $20-$30 per round turn.
In Forex futures you get < $4 per round turn and no spread.
If you look for per 1000 trades you are paying $20,000-$30,000 in Forex in Spreads.
While in Forex Futures you pay $4000 thats 80% saving.
Cheers
L
Liquid validity
Don't get me wrong, in general I agree with you.
FX futures are way better than a bucket shop, no argument.
No spreads though?
Are you earning the spread on a regular basis?
There is definitely a bid / ask.
6E usually has a 1 tick spread.
Page 5 - CME FX futures:
http://www.cmegroup.com/trading/files/tradingfxfutures.pdf
CME E-QUIVALENTS – free realtime quotes:
http://datasuite.cmegroup.com/dataS...ctCode=6E,6J,6B&exchange=XCME&selected_tab=fx
Contract specs:
http://www.cmegroup.com/trading/fx/g10/euro-fx_contract_specifications.html
Like I say though, generally I agree with you.
Only places I would trade spot are MBT / Interactive / LMAX.
Only LMAX consistently beats the 1 tick spread, without the contract size step (microlot resolution).
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L
Liquid validity
EBS, Currenex and Capmar may beat the typical 1 tick 6E spread as well.
Don't know as I haven't used them, wouldn't surprise me though.
Don't know as I haven't used them, wouldn't surprise me though.
So i am assuming, judging by what people are saying on this thread that it is better to trade the futures market than spot fx because of all the bucket shops out there in the FX world? Which futures broker would you recommend and how much is required to trade futures? Thanks
bigmistake
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Your question is like "is there god in this world?"
Depends what you're trading.
If talking equities, IG Markets, Accendo Markets - both DMA CFDs.
If talking currencies - an ECN, like Curranex (there are others, but I forget now. Google 'ECN'). IG do a semi-ECN solution, where you have some access to bank liquidity. Not sure about Accendo. You'll pay a comm for the access, but then you know you're paying market spread.
Surprised you've named Alpari there!
Hope it helps.
If talking equities, IG Markets, Accendo Markets - both DMA CFDs.
If talking currencies - an ECN, like Curranex (there are others, but I forget now. Google 'ECN'). IG do a semi-ECN solution, where you have some access to bank liquidity. Not sure about Accendo. You'll pay a comm for the access, but then you know you're paying market spread.
Surprised you've named Alpari there!
Hope it helps.
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If you are after a 24 hr fixed spread of 0.8 pip with no commission on AUD/USD, EUR/USD, JPY/USD then you could try our ASIC regulated platform TradeDirect365. I am the CEO, so feel free to ask me any questions I can help with. If you are after a STP broker with institutional spreads + brokerage then LMAX may be an option. I don't have any affiliation with this group.
Just in responding to Fredfound
Orders on our platform will get filled. (20,000 quotes per second)
You will find going into news periods that it's the ECN brokers where liquidity drops and spreads widen.
We use a market making model for hedging exposure as a portfolio. This creates an efficiency which allows our pricing and spreads to be extremely tight and always in line with the underlying instrument. We would lose business quickly if trades were re-quoted and there were any delays in execution. As we don't have a massive marketing budget like IG or CMC we rely on a fair and effective platform that traders recommend.
Try our Demo which replicates the live market fills. I believe you will be impressed by the speed and fills both in Demo and live.
Orders on our platform will get filled. (20,000 quotes per second)
You will find going into news periods that it's the ECN brokers where liquidity drops and spreads widen.
We use a market making model for hedging exposure as a portfolio. This creates an efficiency which allows our pricing and spreads to be extremely tight and always in line with the underlying instrument. We would lose business quickly if trades were re-quoted and there were any delays in execution. As we don't have a massive marketing budget like IG or CMC we rely on a fair and effective platform that traders recommend.
Try our Demo which replicates the live market fills. I believe you will be impressed by the speed and fills both in Demo and live.
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