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I have already made my money wearing the trader's hat and i am here to repay was i was given.
Beeing a broker is a headache BUT i purely and simply DIDN'T FIND a decent one (read my earlier posts)
This is why i opened aleccohfx mainly for the "aleccoh trading team" who's been Scammed out of profits because of slippages and freezings of servers and To be able to accomodate young and pro traders that want the same pro execution my team is getting.
It didn't cost me much to open aleccohfx and get swiss regulated BUT IT IS making me a lot of money by "aleccoh trading team " NOT beeing scammed by a 2 cents broker .
I created in fact THE BROKER for my team and the people can join to receive the same treatment.
aleccohfx is costing me money but i made a calculation 2 days ago , it is peanuts compared to my earlier losses due to Scammers calling themselfs brokers and regulated NFA and CFTC and ............
So , I AM OBLIGED to have my own brokerage firm for my own team.
I do not have a dealing desk because : I cannot logicaly trade against my traders, can I ?? and the 90% of my clients are aleccoh trading team's managed accounts.
Thats it in a word ES
God Bless
__________________
Good Day
aleccoh
After Spending Years Looking ForThe "Perfect Broker"
We Decided That The Best Course of Action To Serve Our Clientelle Was To Open Our Own
I actually can understand your motivation...(but again traders know how to speak to one another don't they...)
I bought my Condo for the same reason...I needed a place to live and I could not stand the idea to pay rent and build someone elses equity while I never would build up any benefit and only have higher rent to look forward to each year.
There is all of this talk about your traders Mr. A....but if you offer the BullDozer system...then why do you need traders?
I have inquired about your managed account and I do not really see a difference? except your earlier comments about how they cost commish..where Bulldozer is free...What is it?... that All those traders are doing?
Can you explain more?
ES
P.S. don't get mad at me..surely there is a way you can present yourself without the solicitation violations that you claim you are regulated with...Readers...I am asking these questions for you...I try to ask what you do not and only your little voices ask inside...but Mr A is much more than you think and I hope I do not piss him off...Let me be your Satsang.
Last edited by ElectricSavant; 11-12-2007 at 02:24 PM.
Allecoh is a IB from Spacevision SPACEVISION .Crap execution,a lot of requotes,off quotes...
I have a bad experience in the past using Spacevision.IBFX,FXDD,Velocity is much better than Spacevision.
Sorry Allecoh,no offense... but it's true
Your concern about the need for traders is legit BUT :
The BULL is 1 emulation and 1 emulation only of the 10's of strategies traded by my team
The BULL is ONLY technical and needs a fondamental analyst to input the daily trends for the BULL to follow
The trading team is here to Trade and they DO NOT mind if a Automatic system takes off the burden of orders following, they are occupied with SNS trading, Fondamental trading, Personal clients protfolios etc...
I hope i made myself clear.
to MFX
I said and i repeat : WE are nobody's white labels or IB's, AFX just Acquired shares in many brokers in Switzerland and the States. I would like you to try out the difference in execution and feed between AFX and Spacevision yourself on live accounts to be sure.
More then this, if you need assurances, you can easily contact the accounts dept on both Spavevision and AFX for calrifications.
Finaly, Spacevision is NOT a crappy broker nor does he have a Crappy execution since i myself have an account there thgat i am mananging for a client and they are just great. True it is a Huge account but neverheless, Since my firm is involved with space since 3 to 4 weeks, i will try to see what can be done over there.
__________________
Good Day
aleccoh
After Spending Years Looking ForThe "Perfect Broker"
We Decided That The Best Course of Action To Serve Our Clientelle Was To Open Our Own
Allecoh is a IB from Spacevision SPACEVISION .Crap execution,a lot of requotes,off quotes...
I have a bad experience in the past using Spacevision.IBFX,FXDD,Velocity is much better than Spacevision.
Sorry Allecoh,no offense... but it's true
Cheers
Sorry Alecco but this is true.. Spacevision is a BIG SCAM. Be carefull.
After following this thread I opened a live mini account at aleccohfx. Unfortunately I noticed, after trading EURCHF, that requotes do occur even at normal market conditions (no important news announcments) which is contrary to the "no requotes statement" on aleccohfx's homepage. On the demo platform I did not receive any requotes for EUR/CHF.
quote from aleccohfx homepage:
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"- Most brokers Have Re-Quotes and customers don't even understand just how much money they lose using such a system and those brokers directly benefit from the request for quote method of execution.
- Re-Quotes are Usually there to Give the Broker an Edge over The Trader Who uses an Automated Trading Device Such as Expert Advisors in Order to Reduce its Capacity and Efficiency.
- We, As a Brokerage Firm, Do Not need to use These Methods with our Valued Customers Since we are fully Back to Back Hedged With our Liquidity Provider and are Compensated trough the Spread Between the Bid and Ask.."
-----------------------------------------------------------------------
I am using an Expert Advisor, which will miss important entries and exits due to those annoying requotes. That in fact reduces its efficiency.
Question to Mr. Aleccoh:
Why do I observe requotes although the statement above promises something different?
We WONT FILL YOU and MT4 will automaticaly send you a requote whenever your Market Buy price is DIFFERENT from the one in the Market.
So if you press Buy and at the Price Moves, YOU WONT BE FILLED unless you permit this.
It can be done thru a requote of the present price OR you can automaticaly tell your platform or EA to accept the new price if it is different by X amount of PIPS by enabling the acceptable deviation from quoted price.
ALL dealing desk brokers Will fill you at best available price and won't give a Damn if you are filled 10 or 100 pips above or below, WE DONT AND WONT.
You must accept the slippage Not us, It is Your tolerance, Your money and YOUR decision , not ours.
So , if the price moves 1 pip we WILL not fill you and WILL requote you for YOUR protection, You are the one that must allow the slippage if you want it, NOT US.
Just remember that, IF you put a Stop order on NFP or PPI or on some other major news event, WE WILL BE THE ONES honoring those at price and NOBODY ELSE IN THE MARKET.
I hope i made myself clear
__________________
Good Day
aleccoh
After Spending Years Looking ForThe "Perfect Broker"
We Decided That The Best Course of Action To Serve Our Clientelle Was To Open Our Own