Yadix vs LMAX

RobCripfx

Newbie
7 0
I read a lot about LMAX and am considering trying them, but I am using what I think is very good broker Yadix.

From what I understand from LMAX site and my expereince with Yadix is that Yadix offers me a cheaper ecn option and the execution I think is very good.

What should I expect if I try LMAX from order execution, is it faster is it better than brokers that use Equinix? Does anyone experience large slippage with LMAX?

Any input I will be happy, sorry for bad English
 
L

Liquid validity

0 0
OK, Yadix firstly have no contact address on their site that I can find.
That alone is odd and prompts further investigation.

http://www.trade2win.com/boards/direct-access/178754-my-broker-money-safe-how-check.html

http://whois.domaintools.com/yadix.com
Domain registrant Vayton Holdings Limited, again no address given.

http://www.currencynewstrading.com/brokers/vayton-holdings-limited/
They appear to be in the British Virgin Islands.

The fineprint at the bottom of each Yadix page says they are regulated by the FSC:
http://www.bvifsc.vg/en-gb/divisions/investmentbusiness.aspx

In summary, no address given directly on site, and BVI location would put me off.
 

sanalbi

Newbie
3 0
Liquid, I see all the details you say are not there on their homepage and address is listed on their regulation page. I don't see your issue.

I've tested the platform and execution heavily using high frequency ea and the execution is superb. Maybe the equinix and a top class vps is the difference, but really for scalping I've not seen much better.

LMAX, I didn't try so I cannot say, sorry
 
L

Liquid validity

0 0
Gallant are regulated by the FSC, Yadix are not directly.
http://www.bvifsc.vg/en-us/regulate...vestments/subcategorybdealingasprincipal.aspx

Yadix is a white label.
It is not crystal clear they are regulated, Yadix themselves certainly don't have a
a license for the Yadix entity.

White labeling can be unclear, deliberately or not:
http://www.fsa.gov.uk/pages/Doing/Regulated/Promo/pdf/white_labeling.pdf
A white label of a parent company is still a separate entity.
If it wasn't they would include the Yadix services under the GCM name and license.
So why don't they?

BVI registration usually means one thing, the company
can't afford registration and regulation in a more respected jurisdiction:
http://www.worldoffshorebanks.com/bvioffshorebanks.html
"The off-shore banking industry came to BVI in the
1980s, due to the interest of foreign businesses registering with BVI in order to incorporate.
"Incorporating in BVI is less expensive for many companies, and a blanket
of regulatory laws protects their confidentiality in a way that they may not have
been otherwise protected in their home country.

By 2000, there were over 400,000 incorporated companies on the BVI registry."

That applies just as much to FX or binary brokers as it does banking.
A company that wants more privacy does not personally inspire confidence in me.

Also, as another example, IG index and IG markets are two wholly separate
entities, each with their own FCA reference number:
http://www.fsa.gov.uk/register/firmRegulator.do?sid=61382
http://www.fsa.gov.uk/register/firmRegulator.do?sid=62380
That is normal standard practice.
IG don't operate one arm as a white label of the other, unlike Yadix and GCM.
 

fxgermany

Junior member
21 0
The simple fact that Yadix pays out almost the same insane commission rates as Hotforex to their IBs (Yadix almost 70% of the spread, Hotforex 75% of the spread/commission) and the long list of promotions is enough reason for me to stay away from that broker. Not even worth the time to check regulation details.
 

random12345

Established member
793 280
I read a lot about LMAX and am considering trying them, but I am using what I think is very good broker Yadix.

From what I understand from LMAX site and my expereince with Yadix is that Yadix offers me a cheaper ecn option and the execution I think is very good.

What should I expect if I try LMAX from order execution, is it faster is it better than brokers that use Equinix? Does anyone experience large slippage with LMAX?

Any input I will be happy, sorry for bad English

LMAX execute via Equinix's data centre so there's no difference if you're using an Equinix broker except for your latency to LMAX on the first hop may be better or worse.

The slippage you get with LMAX and other <4ms execution houses really will depend on your own connection at the end of the day.

Trading news bars etc slippage wise is your own fault if you try for a market fill - active stop orders do execute pretty well on major news.
 
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ph_trader

Well-known member
414 6
I have not tried any of them but, if you are really confused and want to have a final decision, you might consider this.

try them out first hand (not just demo) Im not sure about their min deposits but we can do a simple test. open a live account with each wiwth min deposit. this is only to test the waters.

trade with both for a couple of weeks, just use micro lots and try to make identical trades (this is not for profit) this way we can compare execution time, platform response and slippage etc.

win or lose withdraw whats left after a week or two(to see how the withdrawal process works and how fast can they pay you and hopefully with no hassle.

just remember invest money that you can afford to loose (money that you do not really need)

you make your own results and from there you decide which one to choose,

another thing is, check out forexpeacearmy, just g through the forum and search for issues each broker have (I guess all brokers have issues) and see how the broker response to it, was is solved or not, was the claim legit or not, read the reviews to have a general idea of what you are about to get your self into. and best of luck :)
 

DowJones

Experienced member
1,073 391
I use LMAX. In summary they are fantastic. I can say with all sincerity that they offer the best FX platform I have ever seen. here's been my experience (over hundreds of live trades):
- Instant execution
- I've had no slippage problems (actually I've had several cases of "positive slippage")
- No re-quotes, no last-look
- MTF trading (so the broker is NOT b-booking)
- Excellent platform stability (no issues - ever)
- Excellent spreads, I'm averaging 0.3pips on EUR/USD
- Great customer service
- FCA regulated, UK-based broker, with segregated accounts etc (I've done the due diligence on safety of funds)
No I am not an LMAX employee, I am a professional trader. Feel free to ask me any questions.

Have never used Yadix, so can't comment.
 

Mikey77

Newbie
2 0
Small differences

As someone said, I think that the execution speeds wont be much different becuase both us equinix. the difference can be decided by a quality VPS. Yadix have for free and is located in NY also so execution is great.

Only other difference is pricing is pricing I guess and how tight spreads are. I think both very similar and both very decent brokers
 

BenyFX

Newbie
1 0
I experience very good execution at yadix, usually around 10ms, there is some positive and negative slippage but its normal levels.
 
 
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