ETX capital slippage..

macbund

Junior member
18 1
Hi guys,

Just for confirmation I would like to ask any representative from ETX Capital if they are currently using ( as of 18 th August 2013 ) the "Virtual Dealer plugin" in order to execute trades??

I look forward to ETX replies.

P.S My only concern is that I have placed many trades with ETX Capital and have never been issued with even one " positive slippage" fill in many hundreds of trades.However, I have recieved many "negative slippage " fills even in relatively slow moving markets.
 
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counter_violent

Legendary member
10,514 2,784
Hi guys,

Just for confirmation I would like to ask any representative from ETX Capital if they are currently using ( as of 18 th August 2013 ) the "Virtual Dealer plugin" in order to execute trades??

I look forward to ETX replies.

P.S My only concern is that I have placed many trades with ETX Capital and have never been issued with even one " positive slippage" fill in many hundreds of trades.However, I have recieved many "negative slippage " fills even in relatively slow moving markets.

Not enough info.

What type of orders were you using for both entry and exit?

This topic has been done to death on other threads. May be worth a search.
 

Vasco da Banana

Established member
699 121
My only concern is that I have placed many trades with ETX Capital and have never been issued with even one " positive slippage" fill in many hundreds of trades.However, I have recieved many "negative slippage " fills even in relatively slow moving markets.

What a surprise!
 

iandh2010

Member
53 4
Hi Guys,
I am currently looking for another SB company to trade stacks on the LSE as the one I'm currently with keeps widening spreads before my trade completes.

I was going to take a look at ETX Capital after seeing it advertised on this forum. Are you saying they are as bad as the rest?

Ian
 

pboyles

Legendary member
8,072 1,302
Hi guys,

Just for confirmation I would like to ask any representative from ETX Capital if they are currently using ( as of 18 th August 2013 ) the "Virtual Dealer plugin" in order to execute trades??

I look forward to ETX replies.

P.S My only concern is that I have placed many trades with ETX Capital and have never been issued with even one " positive slippage" fill in many hundreds of trades.However, I have recieved many "negative slippage " fills even in relatively slow moving markets.

They do use the virtual dealer plugin, they admitted it here. I believe the post has subsequently been deleted but should they seek to deny it I suppose a cached copy could be found.

They are also proud sponsors of Greg Secker.
 
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pboyles

Legendary member
8,072 1,302
Hi Guys,
I am currently looking for another SB company to trade stacks on the LSE as the one I'm currently with keeps widening spreads before my trade completes.

I was going to take a look at ETX Capital after seeing it advertised on this forum. Are you saying they are as bad as the rest?

Ian

No better and no worse than the rest.
 

iandh2010

Member
53 4
Hi pboyles,
I did see mention of the Virtual Dealer plugin which you say that ETX Capital use. What is this all about and is that good or bad?
Ian
 

timsk

Legendary member
7,346 2,137
P.S My only concern is that I have placed many trades with ETX Capital and have never been issued with even one " positive slippage" fill in many hundreds of trades.However, I have recieved many "negative slippage " fills even in relatively slow moving markets.
Hi macbund,
If you're using market orders then some slippage is always a possibility - depending upon the instrument you're trading and the volatility on the day etc.

I've had an account with ETX for years and trade Wall St - Daily Rolling which is the cash equivalent of the YM e-mini futures contract that I traded with Infinity Futures - a direct market access broker (DMA). The latter has a more sophisticated platform and is the better bet for certain trading styles - most notably scalping. However, in terms of slippage, I can't honestly say Infinity is any better than ETX. Certainly, I think anyone with the view that all SB brokers are a bunch of crooks and that life is positively wonderful and rosy on the DMA side of the fence is likely to be in for a bit of a shock, IMO.

Just my £0.02p worth.
Tim.
 
M

member275544

0 0
I'm with Tim. Had an ETX account as long as I've been trading. Others have popped up along the way, MF Global, IG, CMC, City Index, gecko and many many others. ETX is the only one thats been there along the way. If I was incurring slippage that wasn't normal or expected I'd have walked a long time ago.
 

pboyles

Legendary member
8,072 1,302
Hi pboyles,
I did see mention of the Virtual Dealer plugin which you say that ETX Capital use. What is this all about and is that good or bad?
Ian

Well it can't be good, the plugin is designed to do many things including controlling positive and negative slippage. Quite a few companies have been fined for defrauding their clients using asymetrical slippage. Metatrader have done quite a good job of burying the information and any proof is usually met with threats of legal action.
 

barjon

Legendary member
10,604 1,742
I'm with Tim. Had an ETX account as long as I've been trading. Others have popped up along the way, MF Global, IG, CMC, City Index, gecko and many many others. ETX is the only one thats been there along the way. If I was incurring slippage that wasn't normal or expected I'd have walked a long time ago.

Me too. I've got a play account with them and never had any noticeable problem. Don't use their MT4 offering though, so the infamous plug-in wouldn't be a factor anyway.
 

mike.

Senior member
2,099 706
So, am i right in thinking that the vd plugin is only used in the mt4 mt5 platforms and not in any other broker supplied platform ?
 

pboyles

Legendary member
8,072 1,302
So, am i right in thinking that the vd plugin is only used in the mt4 mt5 platforms and not in any other broker supplied platform ?

The virtual dealer plugin is built for Metatrader by Boston Technologies. So whilst this particular plugin is only used on Metatrader there may well be similar applications in existence for other trading platforms.
 
 
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