Recent content by Pippi56

Marshall Islands

Noone has lost money with a broker going bankrupt in UK. See Alpari for example, or world spreads. FCA regulation may not be perfect, but at least there is a compensation fund if a broker blows up.

No, you will have to pay negative balances with Lmax, their risk disclosure is pretty explicit about that. And its the same with any other leveraged products traded on exchanges, such as futures. There is no reason why an exchange(or broker) should pay the losses of traders.

Its just a stright up central limit order book, with a few exceptions. Liquidity providers, "general members" in lmax lingo, are not matched with each other, so there is the possibility of zero or negative spread. The general members dont pay fees if someone hits one of their resting limit...

There is no such document. But lmax can decide to close your account without giving you a reason, just like you can close the account without needing to do any explaining. Bottomline is that lmax had to agree to "police" their exchange for toxic flow, otherwise LPs would not have agreed to post...

Just give them a call..

Yes, there have been people who had their account closed. Their CEO said as much in interviews, its not a secret, and there were some complaining in forums about it. They will give you one warning and close the account if you dont stop. However, they will not cancel any transactions. Its my...

What exactly is the alledged problem with ninja's tickcharts?

OctaFX is spamming various boards with messages like these, mostly with low post-count accounts like this. Wondering if tactics like these even work.

Im using them too, they are rock solid. Only thing i would like to see is more liqudity/tighter spreads in USD/CNH. Its one of the few things that still move in FX, and interactive brokers beats them in this pair rather convincingly. Also more then 1 lp in index products would be good. I'm...

tar: can you tell more how exactly you traded? Did you wait for the first tick after the release and try to get a good fill? Or was the direction of your trade predetermined? Wondering if they are ok with manual news traders. I suppose they woud be able to handle point&click flow? Then again...

matty: in what timezone are your timestamps?

How is everyone doing in this low volatility environment. Personally i am thinking of giving it a rest for a few months and hope that vol comes back after summer. Apparently consensus is that thats how its going to be for the forseeable future, unless any unexpected external shock or some sort...

Agree, the level ov incompetence is staggering. This is not even a matter of opinion.

For FX and metals Lmax is one of the best in my opinion, for index cfds not so much - they only have a single marketmaker for these. They would need a few more in these products.