Quote:
Originally Posted by flexie
So I've been following this thread since the beginning and decided to try the demo account. The price feed seems rather odd though, and I've attached a pic showing the difference between an ECN broker and Aleccoh. Yes, differences are expected, but this much? And the other MT4 brokers such as IB** and FX** followed the ECN feed quite closely at this quiet time of day.
There are many times when the Aleccoh price charts do not even closely match other MT4 brokers, so I'd be interested in an explanation if possible please?
thank you
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Hi flexie,
I worked for a major broker ( you can read my thread ), so I understand trading from the inside out. The fact that aleccohFX is broadcasting prices that move apart from mainstream Market Makers is a very good thing. What most retail traders don't understand is that the majority of brokers use a price algorithm that keeps highs and lows in check ( or they can flip it to go outside those ranges when needed ). This keeps scalpers away during slow times and helps them find or avoid stops during most other times. Also, raw or true interbank prices are much more volatile than retail broker prices. All of this said, I haven't found a reason to question aleccohFX prices...
I'm not here to advise which broker to join, just trying to explain some basic misunderstood facts about brokers and prices. As a further disclaimer: I have a current IB relationship with aleccohFX, BUT I will be the first "horn blower" if I notice any problems. I don't have a problem openly complaining about brokers. ( again read my threads )...
Riff...