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I just read the whole thread, looking for decent brokers and Tradeview sounded good. An IB for RCG.
But this is in their user agreement..
"Customer hereby acknowledges and agrees that a situation may arise whereby RCG or an officer, director, member, partner, affiliate, associate, employee, bank, bank employee or dealer, associated with RCG, may be the opposing broker for a trade entered for Customer’s account. "
Bucket shop?
Because this is what it says on the site (but dated feb 18th 2008)..
"Tradeview Forex (TradeView Forex | Online Currency Trading |), an online foreign currency trading (forex) division of Rosenthal Collins Group, today announced the successful launch of straight-through processing (STP) to optimize the speed and efficiency of its transactions. The utilization of STP will provide hedge funds, institutions, money managers and private clients with an abbreviated processing cycle and access to the liquidity of a global market.
Recognizing the necessity to facilitate a real-time architecture in order to meet the global demand resulting from the significant growth of online trading, Tradeview Forex has chosen to automate its systems using a straight-through processing framework to realize a real-time operating environment as well as reduce the time, cost and associated errors of manual intervention.
The move enables the entire trade process to be conducted electronically without the need for re-keying or manual intervention, making Tradeview Forex one of the earliest adopters of this all-digital system to connect the popular Metatrader 4 online trading platform directly to the forex market."
I haven't asked Tradeview about this yet. I contacted RCG to see what they say.
I heard one of the people running Tradeview used to work at 1World. This does not fill me with joy.
But I am inclined to think it is outdated wording in their contract - what does everyone else think?
Speaking of TradeView, i have downloaded their demo platform. Interestingly i find out something unusual on USD/CAD daily chart, which was on 4th April this pair shown a low of around 0.99029, as you can see at TradeView MT4 chart. And have a look at Alpari UK and alpari Russia demo chart, never make it that low. Very strange!
I spoke to Tradeview over a demo problem. I also asked about this.
The guy said they had "three different types of account", and one was a "high interest" type. He said they "might take the other side of the trade only on those types of accounts".
I asked how Metatrader was managing straight-through processing, and he said they 'might release more information about that in future'.
That sounds reasonable to me, if its some proprietory thing.
[update]
Sorry, didn't see your message before I posted.
Interesting.
I am currently running both Alpari UK and Tradeview demos, with the same EA and the same settings. (I only started a few minutes ago). I will keep watch for data differences.
Last edited by icicle; 04-14-2008 at 04:33 PM.
Reason: To add some stuff.
I spoke to Tradeview over a demo problem. I also asked about this.
The guy said they had "three different types of account", and one was a "high interest" type. He said they "might take the other side of the trade only on those types of accounts".
I asked how Metatrader was managing straight-through processing, and he said they 'might release more information about that in future'.
That sounds reasonable to me, if its some proprietory thing.
[update]
Sorry, didn't see your message before I posted.
Interesting.
I am currently running both Alpari UK and Tradeview demos, with the same EA and the same settings. (I only started a few minutes ago). I will keep watch for data differences.
More info about that in the future? It sounds like "I can't tell any info because there is any info"
Why?
As far as I know MT4 can't be STP unless API and it means brokers that use mt4 are MM and act as counterparty in all transactions.
More info about that in the future? It sounds like "I can't tell any info because there is any info"
Why?
As far as I know MT4 can't be STP unless API and it means brokers that use mt4 are MM and act as counterparty in all transactions.
I didn't talk to them and I don't know what they say about their feed.
What I say is that MT4 can't be STP/ECN (As far as I know) unless API
You don't believe me? Google it
Why did they tell you "We'll give you information about it in the future"?
If they are really ECN/STP the answer would have been "People, we are ECN and you asked why we gave you 100 pips spread during a news release? Simple: law liquidity. What do you think about spread using currenex or hotspot during news release?"
Then my guess is they are MM
I'm a noob at forex trading, so I could use some advice. I'm looking for a Forex broker that meets most or all of the following:
-Uses MetaTrader 4
-Has a low minimum deposit for mini accounts
-English website
-Easy withdrawal - can send the money directly to bank via wire transfer
-Low spread?
I'm a noob at forex trading, so I could use some advice. I'm looking for a Forex broker that meets most or all of the following:
-Uses MetaTrader 4
-Has a low minimum deposit for mini accounts
-English website
-Easy withdrawal - can send the money directly to bank via wire transfer
-Low spread?
TradeView
Linear Mode
