Good morning,if you read the terms and conditions you will find that Lucror will take the opposite side to your trade and are the counter party to your trades but state that MOST trades are passed to the market it would seem to me that they have a dealing desk or how else would they be able to take the opposite side to your trades i belive they are a bucket shop and i would not trade with them however that is a personnel opinion.With true ECN Broker they have no interest in your trades and all trades are passed to the market,and also they will have direct market access where you can see the market liquidity.hope that helps others may expand on this with more knowledge of this company Mike
Can you quote from the section in their Terms?
FOUND IT: 9.7 Opposite Positions
In certain circumstances, LCM may take the opposite position in the Contract,
either acting for another client or on our own account.
I just spoke with their online Chat and got this response:
I will comment on what we do. We do not pass demo trades thru to the market. We are an STP broker NOT ECN, we do not have a dealing desk and as such there are no people monitoring what we do not have. We do not take the opposite side of your trades, We recommend people to use another brokers prices if they do not believes us.
Visitor10:06:39 PM
OK. I am downloading the Terms and Conditions now to see what this other guy saw - if he read it right or not.
Anthony Hart10:06:48 PM
Our profits come on our volume of trades by the spread NOT by trading or taking the opposite sides. All trades are passed through our bridge to the network where the LP's that we work with say yes or no to the trade, not us.
9.7 Opposite Positions
In certain circumstances, LCM may take the opposite position in the Contract,
either acting for another client or on our own account.
Anthony Hart10:20:22 PM
That refers to the use of our MAM/PAMM software. The master account takes one trade and ths trade is distributed to the sub accounts. The master account must then take a closing position. Technically only the master account holder took a position, the sub-accounts did not take a "trade" the trade shown is part of the master, All subs volumes will add up to the Master volume.
10:21:11 PM
Only the master position is passed to the market to make sure all sub accounts are opened and closed at the masters accounts price.
ALSO: they state that they are STP, not ECN (even though Mr. Story calls them such).
