So you are thinking of switching then?I think you need $10000 to open an account?
Hi Liquid Validity,
Thru the standard LMAX web interface, you only have the basic order types: Market, Limit, Stop, and contingent orders like Stop-loss, Take-Profit etc. However I believe you can plug-in front-ends like MultiCharts to give further functionality. Hope that helps.
Yeah there are quite a few introducing brokers / white labels now.You can open a standard LMAX account with $1000 minimum. Just go to Alpha Novae - Alpha Novae, automated trading solutions and click on LMAX special offers in top right of website. You trade with LMAX and deal with LMAX direct.
TBH I would leave it like that myself, but I mostly trade automated,Yep, that's what I've been doing recently - using a separate package for charts etc, and inputting orders manually via LMAX's web interface. To be honest it's been fine. I often scale into and out of trades - and LMAX's interface allow's you to have a consolidated and/or detailed trade view. You can then set stops/profit targets for each part of the trade, or the whole lot.
Yeah there are quite a few introducing brokers / white labels now.
Think I'll open direct with LMAX anyway.
That does look to be the future of LMAX though, introducing broker,
maybe stop taking retail clients direct.
Just hope that doesn't lead to spread markup...
Be careful. Armada are a broker dealer using lmax prices which is v.different. What the majority of people don't realise is that a broker dealer will use language like 'ecn' and straight through processing. In reality you cannot mark up the spread of an ecn and keep it an ecn, its not possible either the order is in the market or not. The link i provided will still see you trading on LMAX not via a broker dealer, just negotiated lower account minimums.
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