I am afraid this is going to be a long post

To fxguy :

1) Our Liquidity provider is in fact 16 liquidity providers Grouped in the Same A+ Swiss Bank . So if Geneva is Out , Zürich is not etc...
2) Scalping is a very Flexible Concept. Most Brokers tell you that you are scalping and in fact you are not . They do so because they use this "scalping word "in order to kick you out since you are winning Over them. My advice is : open up a mini with us, Begin trading as usual and we will inform you if you are scalping or not . 99% of the cases you are not.
3)I am the sole founder of the aleccohfx company and it's net capital is My net capital which is , i am afraid , superior to most US brokers.
4)We are Audited by 3 Swiss government agencies and 1 Lebanese.
5) You Must understand that this Legal Documentation is available for our Customers to see only and not on public Forums.
6) The Funds are under segregated accounts , and Segregated means in plain English : UNTOUCHABLE by the aleccohfx company or its creditors.They are there ONLY to give our liquidity provider proof of good will of our clients.

To Milan, Safareig, DarkMan, ElectricSavant

Good Day Guys

You must try to Change the way you are Trading and Consider this :

Most Non ECN or False ECN brokers Trade against you .What does that means ?

They have Provided you with a Demo account with a Demo feed, Stating That it is Live.
So, they take your order at market , off market , in between and then Freeze, re-quote, Slip in order to make you loose.

How do they make their money??

When i Look at My Back office manager, I see that 89% to 96% of the clients Loose in their trading. So in order for me to win 89% to 96%, I'll just have to trade against them. When they buy i sell, and when they sell i buy.and i win more then 90% of the time EXCEPT when there are wise guys trying to trade the spike. So in order to discourage them , i freeze my servers, i re-quote them and i slip them hard.

Well my dear fellow traders This is not the way aleccohFx operates.

i said I don't want to want a dealing desk , and i still don't.

you are Directly connected to My liquidity Provider as A lot of Brokers are.
You have the same feed as brokers have.I only gain in rebates.
There is a problem though. You are used to Dealing desks and i don't have one

When you want to enter at market before a News release, all your orders are sent in a cue. So, your Buy Stops, Sell Stops, Take Profit, Stop Loss, Modify, etc.. are in a cue .

Lets say you sent a Buy Stop at a certain Level , It Will be honored since the liquidity provider booked it for you.
Now the News release comes out, You want to modify the Stop Loss, You will send a modify order and it will reenter the Cue since it is a NEW order.
If the Cue is long , there is not much you can do about it, and after a while it will tell you OFF quotes.
That is The problem of Real ECN since all orders are orders in a cue,BS, SS, TP,MOD,etc...

So , in order to trade the news on ECN feed , you must change your habits.

Send ALL ORDERS before the news , and the soonest you send them , the better chance to be on the first places of the Cue

Send Buy Stop, along with the Take Profit AND the Stop Loss and they will be honored.

Understand that , I do not interfere and Will not interfere, I did my job providing you with the best liquidity provider (No 1 business bank in the world)
and a Direct Feed. What more can i do?

If you want me to falsely fill you with a dealing desk, i wont.

i hope i have been explicit enough.

In a word, change your news trading behavior since i think i am the ONLY broker that is satisfied with the rebates i get and Don't Intend to Lure you into a Shiny but Deadly dealing desk.

What you see on AFX platform is What you will get and the soonest you enter the soonest my LP will fill you to the cent.

Have a Great Trading

__________________
Good Day

aleccoh

Mr. A...

Firstly...I am not a news trader and if you are suggesting that I change the way I trade, well I am not interested. I think you grouped me with some others that were having the typical "news-trading woes". I quoted just a snippet from Darkmans post about "regular-hours observations". I have several (five) EA's functioning and I do not like them to "book-in" my orders to a que, thus my EA's react to when the market moves and their triggers may fire if a level is reached....eventhough I am not looking for velocity or momentum at certain times. Thus this que system may freeze me out during seconday news events that again i am not trading. but isn't this a market and the opportunities are being flattened at the retail traders expense with this slow queing system. By the way, I do not trade any scalping EA's but I am testing a few of these EA's and am in search of a good scalping EA that can automate this...this would be using automation as it is intended to be used.... and I am sure you can partially agree.

Secondly There is a managed account built by brokers out there named Sentiment. You can offer it too if you reach the manager/developer. It is very successful and it uses the aggregrate book that the brokers have and trades against it. This is the way for the retail investor to get a piece of trading against the typical retail traders. Her is a link to one of the resellers of it:

Forex Managed Funds

Thirdly Thank you for staying stong and answering comprehensivly. But I can see both sides of this. Us traders are being asked to trade differently...some of us actully trade off of price and what it is telling us, which does not necesarilly mean that we are arbing anomolies.

ES.


When i Look at My Back office manager, I see that 89% to 96% of the clients Loose in their trading. So in order for me to win 89% to 96%, I'll just have to trade against them. When they buy i sell, and when they sell i buy.and i win more then 90% of the time EXCEPT when there are wise guys trying to trade the spike. So in order to discourage them , i freeze my servers, i re-quote them and i slip them hard.

Well my dear fellow traders This is not the way aleccohFx operates.

Fellah's before you reply...I want you to read this one sentence below that I quoted from Mr. A...in bold...very, very carefully.

Could it be that the market that we see is what the dealer wants us to see? The answer has always been a strong yes...the NFA says that ALL of their clients must see this secondary presentation (cannot give different traders, different quotes) or they get sanctioned, fined or more...This is all the NFA can do about a non-centralized quote system.

ES


If you want me to falsely fill you with a dealing desk, i wont.

Good Day

I am sorry if i offended you in anyway, But i just wanted to explain the mere fact that it is physically IMPOSSIBLE for ANY broker on Planet earth to fill people 10s before news if he is ECN.
The News traders Might get filled But they will be virtually filled and not really , thus might encounter slippage , Stop losses or take profits not honored etc..
Even worse, The Brokers with dealing desks might Fill all News traders Virtually then Freeze the servers for about 15 to 30 min in order to recreate false spikes, slip the persons or simply put , Steal the money without giving the trader ANY way of pursuing them since they Stipulated on their site (Fixed spreads except in times of High Volatility, we are not responsible of INTERNET or servers malfunction)

And Last but not least, i can show you NFA law suits against well known brokers that Simply Didn't pay the News traders Wins simply because they stated that the Feed was wrong or that they didn't get filled by their liquidity provider

Again , i am sorry ES if i offended you but sometimes, i get tired of offering the best service i know and still get criticism.

Concerning your EA's , one word of advise, try AFX on a mini with an EA and you will witness the Best results EVER encountered since we won't manipulate our feeds and the Cue is in terms of Milliseconds in normal Market activity and volatility. Our OWn Bulldozer EA is Performing Unbelivably well since its institution on our Feed, 10% better then any other Broker's feed.

__________________
Good Day

aleccoh

Hello Mr. Aleccoh,

You say to us that we must change our way how we trade the news.
Few post back you told to us that when we send straddle entry 5min before news release will be filled at 100%. I must say that it isn't true as I said I couldn't send entry 6min before CAD Employment Change because of Off Quotes, ok who will be lucky and set order 5min before news he will be filled it is true!. Next debatable problem is "No Server Freezing Even During News" yes your servers isn't freezed but we can't close, delete, modify order few minutes after new release. So for me it is same as server freezing. So news trading with your company is very danger at this time, sorry. But I still think that it isn't problem of ECN, when I have orders on MBTrading I can do modify, close etc any time. Why I got "off quotes" error when isn't news releases, for example I use Hans123 system which send straddle each day in 10AM (CET TIMEZONE) at this time is market quiet. I had informations from my friend who have live account in your company too, he try to settle this problem with your support and IT dep. after few days they admit that error is on your server because order goes via a lot of servers ... see below email from your IT dep...

Yes indeed , WE are the ones responsible for the Problems, NOT you

You must understand that When You placed the order Before Monday, Your order
had to pass by 4 servers : CFD's, Stocks, Commodities AND THEN FOREX since
we offer all this on aleccohFx.
Because of your mails, we Instituted a Separate server ONLY for Forex in
mini's and Standard In order to NOT have these problems anymore.

Thank you for informing us about this problem, We again apologize for any
inconvenience And hope you will continue on your Winning Strike Because we
are here to help you do this and this is indeed the Goal of aleccohFx.

Jean Luc

Information Technologies Department 05
International Office
Saifi - Burotec center
BEY - Lebanon
+961 1 566820
+961 3 221335
+961 3 786200

Hi!

Mr. Aleccoh,

With respect, you think or you say you are different. And you are not.

You are not Mr. Aleccoh because you do not let people to trade what they want to trade. You see a pair going down 100 pips and you can not trade. Oh, you and they say: "you are a news trader; you trade the numbers". Of course, you need to trade the numbers here because the market moves. OK, I accept that you are going to have problems with execution if you want to trade 10 seconds before the spike and close the order while the spike is in the making.

But, what's the problem if I want to sell at market EURUSD with a stop of 30 pips and a take profit of 50 two or three minutes before the news release?

What's the problem with that? If you don't want to accept these orders, say it clearly. "ALECCOH DOES NOT WANT YOU TO TRADE 5 MINUTES BEFORE A NEWS RELEASE".

Mr. Aleccoh, you and the other retail brokers are at parity with traders when a news release is due. That's why you and they do not allow to trade the numbers. When you trade based only in tech patterns, you know 95% of the retail traders fail.

So, please, tell us your conditions here. When should I enter an order before a news release?

THX

Hello,
i had the same problem during news(LIVE), i set entry 5min before(that was OK), but then i can't modify it. This stop order was executed on correctly price, but before it
i saw situation when price reached this stop order and this wasn't executed for few seconds(price was 20pips under this stop order).
But i was lucky, move was big enough, so i try close it and get profit, but i can't. I lost another 10pips than Im at last close this position.

In Index miniFutures...where I used to trade professionally the que system has a distinct set of rules. All of the the Futures brokers have the same CME feed.

I am not real clear on the ECN feed that Mr A and company use, and there is no centralized "handling" of this thing we call Forex.

But a modification should set your open order at the back of the line in the que..if the connection to it is not frozen...There are computers that can handle these operations without bottlenecking (if it can be done with Futures it can be done with the microspasm's of the fragmented Forex markets).

My dream is to have a regulated Global Forex Market with standardized quotes and regulation like we have in the futures market. Let's get the wild west of Forex under regulation...simular to how the Circus of Futures was tamed...

ES

I think thats everyones dream

__________________
http://en.wikipedia.org/wiki/Probability
In a deterministic universe, based on Newtonian concepts, there is no probability if all conditions are known.

I would just like to inform anyone considering opening a Standard, Managed account with AleccohFX of the following point that I have just been made aware of:

In order to be managed, its balance must be at least $25,000.

Not really a criticism of Aleccohfx, it's just annoying to discover it after I have opened a standard account, and to the best of my knowledge, this info is not available on their website.

Just another piece of pertinent information that is missing from their also-absent FAQ - IMO.....