Yep, and is even possible they will not be able to implement mt4 at all into their network (this according a mail the company posted on the FF forum)

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Take care,
Sulz.

anyone have a list of brokers to trade currenex via MT4

Jorgka

Chrisstoff
Hi Buddy...

Thanks for your support on the idea of establishing an independent Broker database on TSD.
Just check subsequent posts 586-598 to realise the need.


Interesting to me is the defening silence from TSD.(is that how you spell defening?)
I guess like me you discovered early in your career that transparency is the key to "perfect" markets.
The market for brokers is NOT TRANSPARENT. And far from perfect. Imperfect and opaque markets hide excess profits, unacceptable practices and poor consumer experiences. Sound familiar?
What we are suggesting will contribute to making it more transparent. So expect possibility of fierce opposition.

No broker is going to deliver everything. One pip spreads .. guaranteed fills ...no slippage... scalping allowed...bonded guarantee on customers funds... Platinum Amex Cards with every account.. etc etc

What is possible is creating a forum/DB which ALLOWs traders/customers make informed decisions about what kind of broker and mix of facilities suits their needs from a dependible CENTRAL source.
And that should be attractive to a trusted and reputable site like TSD.Time and time again web value has been established by providing real services. Big click traffic I suspect on this one.. and with real commercial decisions being made...

OK.. I accept there may be commercial politics here..I don't know the business.. maybe someone who does can come out here and tell it.
And if TSD dont want to do it someone else will..
What you say guys?
Anyone else out there interested..

Matt Dillon time..

Or as we say in my home country..... here's to it and if you don't do it when you come to it may you never come to it to do it again...


Hi Ho XAG away....
Cliff

PS to last post.....

As an example of what can be done just as an example ...with spreads.. check this idea out.A Trader to trader market WITHOUT spreads.

http://www.gftforex.com/software/dealbookfx/itx.asp

and before anyone comments.. Niether I (nor my granny or her cat)have ANYTHING TO DO WITH GFT. I dont' know them I don't use them, I know nothing about them other than that I came across this on their site by accident and as a service it seems like a cracker of an idea.

But seriously...So many people tell me they trade FX futures in preference because of the brokerage costs (spread) on spot. Just read Oanda article on the real cost of the spread.Check out OANDA on this ... it's scary..http://fxtrade.oanda.com/spreads/recent_spreads.shtml

...another 0.00000000002 $ worth

Hi Ho XAG Away...

Cliff

Hi.

Dear Oidunno. I´ve read your last posts and I would like to share some things about that.

According to your fist post.

In the US, the regulations are the same like in the rest of the world, very poor. UK have FSC regulations, Canada have regulations, "country name" have regulations.
Canada is an example of regulations to take care the investor not the company (take a look at the CIPF site).
This item was discussed several pages ago.

We need to make difference between the market inself and the brokers/companies. Regulations are for the broker/companies not for the market, because the Forex market is a wolrdwide market, what is equal to unregulated market because it´s impossible to that due to current international law. Main players are central banks and they are fully independant .

There is not thing like UN, International Anti Money Laundering, International Court of Justice, etc.
Some super body which is one step above national constitutions and in range of international law in order to fulfill and to make fulfill them (pacta sun servanda).

And you have one more concern, if the adoption of the rules provided by the entities mentioned above are not an obligation for the country (IE: US rejects to join to International Court of Justice) it´s almost impossible to set some international regulation for the forex market (avoiding the differences between the international order and one market )

In brief: how do you tell to a broker based in "put contry name", hey, you must fullfill these rules.

Ok, now I have to write a little more.

According to the tittle in the web page: Forex-TSD Metatrader,I assume we are in a metratader plaftorm forum. So, sometimes we/I be mention non metatrader brokers but the main true behind if we´re here to talk about Metatrader.

If we start some classification of brokerage houses we must focus on Metatrader Brokers to honor the forum.

That´s is good but incomplete, because there are a lot of brokerage houses with different platforms.

And if we only publish MT brokerage houses we are doing lobby for only a couple of brokers and we wan´t to do that, we want to provide a service for the beginner, right?

And, by the last point: how to probe independance?.
Every people can register for free and publish their opinions.

How to probe they´re not in some relationship with some broker?
How to probe they´re not had some trouble and hates some broker? talking from the rage and not from the eye of an independant viewer.
How to probe brokers answers in the questionaire are full truth?
How to prevent to fall in the same way that another sites if you can´t guarantee independence?
We´re the money to maintain the site come from?

But not are bad point to me. The idea is excelent and I believe the best aproach is to create some international association of traders with a paid subscription using the new wikipedia rules.

When you got some association with 10k members you´re start to be important.

When you got some association with 25k members you´re start to be the place in when the brokers don´t like to have negative opinions

When you got some association with 50k members you´re start to set the rules

Just my little opinion.

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tried to PM you but your box is full. clear it out and i'll try again.

I just watched Interbank jack the spread to 7 pips on GPBUSD today...what happened to their advertised 4 pips? I sooooo need a better option....

Hey Oidunno, I like the database Idea. How about instead of inviting others to do it you take the bull by the horns and get it going? Take the initiative eh?

also...since Oanda doesn't even support metatrader why are we even discussing them? Their automated trading API is ludicrious! Can we confine our discussion to those brokers who support metatrader at least and/or automated trading? Oanda really doesn't encourage automated trading at all with their $600/month subscription to their library service. oy.

Hey Oidunno,

Well, I think we should perceive it as a project and use project management techniques if we thought creation of Independent Brokerage Database seriously. In this case it would need a plan, a team with participants, a team leader, etc, etc. What do you think?

Hi Linuxer...
Thank you for your response, and the benefit of your experience.
As I understand it, you make three points.. So let me respond to each.

1. Regulation....Firstly I am not confused by the difficulty or impossibility even of international regulation in such a huge and geographically and decentralised market as currency. so in that we agree entirely. My concern is very narrow and specific to the RETAIL marketin OffExchange Traded Spot. Which poses particular issues. Ten years ago there really wasnt a "point & Click" RETAIL spot market. Now there is and my friends in the business tell me its growing very rapidly. Its the characteristic of such a fast growing market that the large influx of new and inexperienced consumers are making buying decisions in their choice of service providers (brokers) with little experience of what to look for or expect. A database would give them a framework on which to make comparisons. I believed that TSD which gives such wonderful help and advice on making the art and business of trading more transparent - might extend its remit to provide similar transparency on MT Broker services, in the form of such a database in which broker profiles, services terms etc might be recorded. My reasoning was that its been done successfully with other retail markets why not this. Allowing easy comparison of specifications, spreads, service levels, terms and costs.

2 On the point of the TSD site being focused on Metatrader, of course this is a judgement call and on which I respect your view. However if this was a website for Diesel Mechanics, I dont think there would be problem for it to provide a database of Manufacturers who sold Diesel Vehicles? Or to review the features or exchange performance experiences? Would the Petrol model manufacturers be upset that they were being left out? Perhaps I'm wrong but I think, if as you say, the title on the web site is FOREX-TSD Metatrader then non METATRADER Brokers are by definition somewhat irrelevent.
Well it's a point of view...

3. On the issue of managing contributions and independence.. your points are well made. It is of course very difficult and the result will be imperfect..but consumers experiences are being shared successfully all over the NET every day to everyones benefit, and its created big improvements in the culture of business worldwide.Retail consumers of financial services are no different except the products are often more complex.

Finally I have no illusions about retail investors exercising any organised direct influence on individual brokers, so the idea about a Retail Traders Association ... well I'll pass on that ...

Thanks for sharing your thoughts...
Regards

Cliff



PS Anyway this evening I discovered the idea had already been done.
www.brokersmatrix.com/
...touche .. And thanks Christoff for support.

Don´t worry about the website. It´s fully sponsored and have a nice page on the currency trader magazine.
I think they wouldn´t write with full independance.

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