Fxpro moved to agency model

[ln999]

Just had an email to say that fxpro has moved to an agency model. No dealing room intervention, no conflict.

Is this as good as it sounds or is there a catch ?

 

[scose-no-doubt]

whats an agency model? ecn or gtfo!

 

[The Leopard]

Just had an email to say that fxpro has moved to an agency model. No dealing room intervention, no conflict.

Is this as good as it sounds or is there a catch ?

I'll believe FXPRO is any good when pigs fly - outta my ass!

 

[ln999]

From the email I received

Following on from last year's successful launch of FxPro cTrader (ECN platform), the full transition from market making to an agency model on all of FxPro's platforms is the final step in totally aligning its interests with those of its clients.

Client orders are sent directly to FxPro's global pool of liquidity providers with spreads from 0 pips on cTrader ECN - with upfront commissions, and spreads with small mark-ups on MT4 – with no commissions. The execution model is seamless and FxPro's clients can trade with the confidence that their broker is working with them and for them at all times

I think it means that requotes and dodgy practices should not occur. I don't know if this will happen in practice. That's why I was wondering what the catch is ?

 

[smartpips]

I'll believe FXPRO is any good when pigs fly - outta my ass!

Why do you say that? Any bad experiences?

 

[scose-no-doubt]

How the f8ck can you make money off an ecn if you're offering the service for free?

 

[The Leopard]

How the f8ck can you make money off an ecn if you're offering the service for free?

I'll believe they can make money like that when pigs fly - outta my ass!

 

[ln999]

If this new agency model is going to be more profitable than their previous model, why don't all brokers change?

 

[The Leopard]

If this new agency model is going to be more profitable than their previous model, why don't all brokers change?

All brokers will change when pigs fly - outta my ass!

 

[Hoggums]

 

[trendie]

All brokers will change when pigs fly - outta my ass!

Is that your new signature, TL?

 

[The Leopard]

Is that your new signature, TL?

That'll be mah noo sig-nat-ture when pigs fly - outta mah ass!

 

[bob.kelso]

If FxPro is Agency/ECN/STP (what's the difference anyways?), why do I still receive requotes?

 

[The Leopard]

If FxPro is Agency/ECN/STP (what's the difference anyways?), why do I still receive requotes?

You'll stop receivin' requotes when pigs fly - outta my ass!

 

[bob.kelso]

You'll stop receivin' requotes when pigs fly - outta my ass!

Be sure to let me know

 

[The Leopard]

Be sure to let me know

I'll let you know when pigs fly - outta my ass!

 

[PipStar]

They are a wolf in sheep's clothing.

But having slaughtered a few sheep (forex newbies) the wolf can now afford to change its overcoat for a new one.

They do that all the time. Sheep's clothing is the preferred outfit of forex brokers.

 

[chase1]

i kill the sheep .. where is it