TradeView Forex | Online Currency Trading |

"Rosenthal Collins Group

Recently ranked by Futures magazine as #21 out of the top 50 brokers in the world

Second largest independent FCM

$45 million of net capital

Over $700 million in customer assets, 20,000 futures accounts

Can trace its roots back to 1923

Online accounts:

1. Streamlined setup.
2. Don’t necessarily need to provide license or utility bill.
3. Approval within 24 hours.
4. All money transfers will be in customers account by end of day (typical time is 24-48 hours) enabling trading to begin immediately.


24 hour trading support

Straight pass through for unprecedented trade execution

Three options for accounts: Tighter spreads, higher interest, or straight through processing

Utilizes familiar MetaTrader 4 software"

what's the spread look like on the majors?

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Metatrader 4 - EA Live and Demo Hosting Solutions http://www.omegasupreme.com

looks like shit but apparently their opening institutional prices to $2,500 deposits soon. I emailed the salesman who mailed me to confirm. will update as I know.

The ECN or (STP) has not been set up yet that’s why the platform is not reflecting tight spreads, what your seeing at the moment is our high interest feed. Our STP feed will be set up this weekend and available for demo on Monday.



Please keep in mind that STP will have tighter spreads then what is currently shown but not as tight as an institutional feed.



Clients will be able to access the STP feed with an account minimum of $2,500 but you will only be able to trade full lots and mini’s….no micros at this stage.



I pretty sure no company likes scalping but with this STP through our prime bank relationship I believe you will be able to trade.



No, we will not have a dealing desk with the STP. Your order will be passed striate through to the bank.



Please let me know if I can help in any way.



Regards,



Ben

@Cryten, appreciate the info.

@anyone, assuming this crown is being honest, what other reason is there for a company not to "like scalping" if they have no dealing desk? One that's often mentioned is that scalpers, "swamp their servers with orders", which is nonsense imo, 'cos they get commission on all those orders - it only becomes a 'negative' if they are on the other side of the trade, or they indirectly profit from their customers losing! Are there any real, legitimate reasons?

yeah i agree but i'm not sure if he just didn't know if scalping was ok or it's another BIG bucket shop

omelette, every FX bank has a dealing desk, it's just how it is in an OTC market.

RCG is great on futures, I hope they don't blow their reputation and fudge it up with this venture.

Sorry, just seen this.

I realise that there is no 'free lunch' in the real world, and brokers are always the first to get their 'cut' - and I obviously do not know exactly what is involved where dealing desks are concerned ('everywhere', if you are correct). The usual definition, applied to MT brokers, associates the dealing desk with brokers that have a vested interest in seeing the customer lose as many trades as possible - not only do they make money on the losing trades, which they take the other-side of, they also collect the spread on each any every trade. If you are correct, 'proper' brokers also have dealing desks, but how come they do not fleece customers like their MT variants - they have variable spreads, lower commissions, no scalping restrictions etc. - there clearly must be a world of difference in they way their respective dealing desks are operated...

I just saw this too.

Every DD is different, but the same. They all are out to make money for the firm first. Where they differ is how they do this.

Not sure if we have a thread for these guys yet. If not, we need one. I've been researching them for the last few days... and it's looking pretty good. If I were a betting man, which I am, I would wager to say that this is how all legitimate MT brokers will eventually function - if they want to stay in the retail broker business.

A couple of things that stand out - at least for myself:

1. Clean track record on file with U.S. regulatory agencies.
2. A division of RCG (Rosenthal Collins Group) - these boys have been in the game for a while, and have the stats (and financing) to back it up.
3. No dealing desk (STP) - and I don't mean like FXCM... I mean NO DEALING DESK. (You'll have to get accustomed to the additional 2 digits on the bid/ask - denominated in 10ths)

They want $2k min to open an account, which is a fair amount for their service offering. This is not the type of joint that considers a $250 opening balance sufficient. None of those cheesy monthly "Trading Contests" either (trading contests are for soccer moms, not traders).

Anyway, enough talk. Download a demo and check 'em out for yourself.

Here is their site:
TradeView Forex | Online Currency Trading |

MM