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As you surely noticed, we are late, because of the multitude of problems facing us in order to finalize the ultimate service i want to be able to give to my trader (aleccoh trading team) and all traders out there looking for a decent broker that makes money out of rebates and not by bucket shopping all the trades inhouse.
Here is a brief Glimpse of what we will be offering at aleccohfx :
4 Kinds of accounts :
NT (news trading) You will be able to trade the spike even with market orders due to the multitude of Liquidity providers
SC (Scalping) You will be allowed unrestricted scalping
SF (Swap Free) Real Swap free accounts intended for the carry traders
RT (regular Trading) For all traders that want their Pending orders to be filled at price Garanteed.
Each Trader will choose his trading style and open an account accordingly in order for us to be able to protect you and your orders by SLA (sevice level agreements) we passed and signed with the liquidity providers we contracted.
This is why, i must urge you NOT to Scalp on an RT or a SF because you could be reverted by the LP or try to News trade on a SC for the same reason etc...
you can of course have more then one account, each fitting your trading style.
As you noticed, all our staff are very busy finalizing this service and are somehow unreachable by skype , MSN and yahoo. This will of course be reverted once the new service will start on the 21st God Willing.
Thanks for the update Mr Aleccoh. Delay is fine with me at least, as long as the final product is going to make history in MT4 brokers world as we hope it will.
I realize that you must be very busy lately but when you get a chance we would appreciate more info:
What are the favorable changes to scalping rules you mentioned in your earlier post?
What will be the commisions?
Any updates on spreads that will be available on Scalping accounts?
Im imagining that different account types might have some differences in feeds because of different LPs. Will you make demo accounts available for each account type?
Do you have any updates on when you going to have 0.01 lots available on standards and mini accounts for accurate testing? Will the demo feeds match the live feeds?
PS. im holding my fingers crossed that the feeds will be unfiltered and untampered with.
Here is a brief Glimpse of what we will be offering at aleccohfx :
4 Kinds of accounts :
NT (news trading) You will be able to trade the spike even with market orders due to the multitude of Liquidity providers
SC (Scalping) You will be allowed unrestricted scalping
SF (Swap Free) Real Swap free accounts intended for the carry traders
RT (regular Trading) For all traders that want their Pending orders to be filled at price Garanteed.
Each Trader will choose his trading style and open an account ...
Aleccoh,
This looks very interesting. When you get a chance, can you please give us a quick overview of how each of these accounts will be different in terms of fees, spread, etc.?
thanks for hosting this interesting thread. I'm about to open an account with you, but before I do that there are a couple of issues I'd like to get your comments.
Now I'm mostly trading GJ, and I'm a little worried about AFX repeating data breaks on GJ (probably other pairs have similar problems?). I checked last 7 trading days, and found 3 breaks, typically 15-20 mins. The last one was pretty severe, lasting two hours (30th of January).
I would like to know the reason to these breaks. And I would also like to know what actions are you going to take so that aleccoh is able to meet your target "99.99% aleccohFx Dedicated Servers UpTime".
Looking forward to your comments,
B
PS. You claim that AFX provides the real feed to the clients. One would expect that real feed, without any filtering, would increase price dynamics, so that spikes for instance would be longer. When I compared your price data (using EU and GJ) with North Finance data, there is practically no difference, as you can see in some GJ examples below (successive trading days, 5M chart).
Aleccoh daily high: 212.35 212.57 213.39
NF daily high: 212.36 212.58 213.41
The only difference is that AFX price behaviour seems to be more aggressive, e.g. sometimes GJ may "jump" 25-40 pips. The price is high perhaps 2 sec, then crashes 35 pips, stays down a couple of secs again, and jumps up. Not a very user friendly situation to trade, market price can not simply be used if you would for instance like to exit. The output (what we see on charts) is still very close to identical.
Last edited by BDaman; 02-04-2008 at 07:47 AM.
Reason: minor corrections
I wonder if the whole company has been closed down? They do not answer mails, messaging does not work... What an excellent customer service!
B
I think Mr Aleccoh mentioned that his staff is really busy atm finishing up AFX USA and bridges to new LPs. I think delay in contacts is understandable and i sure hope they didn't close down
Good Day All
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