Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
ANYTHING THAT MT4 OFFERS WILL HAVE SOMETHING IN BETWEEN TO HELP THE DEALERS ALTER THE TREND TO ALLOW THEM TO SKIM PROFIT...
This is just the way it is Traders...get out of denial...see the forest for the trees...grow up...do whatever it takes...but dealers demand this from their vendors...
Larceny is in the hearts and minds of your Dealer/MarketMaker....right after there first argument from a Client...they think that they want to offer you a service and then discover how much money they can make....their larceny tendancies takes over...they are human and virtually unregulated and MT4 is the king of the road for those that want to make the most money!!!!
Yep! I've posted it more than once, "MT4 = Market Maker/Bucket Shop"! I will say it again, "both the client terminal (MT4) and server side broker terminal require a dealing desk on the back to function". However, MT4 is still the most powerful open source charting platform out there and it's easy to "hack" your way around the problem. (i.e. bridges, instant messaging, etc...)
HotSpot has a bridge (so I hear) and a few other ECN's are moving towards an MT4 solution. Use MT4, but keep your money away from the bucket shops. If every MT4 trader stopped using Market Makers, then Metaquotes would be forced to modify MT4 for the ecn's... Just a thought... hint, hint...
I can't find ikon royal in last CFTC report. I've listened that they had a liquidity problem but I can't find them. In september 2007, they have figured as royal forex trading llc.
let me make picture clear.
Ikon GM is not an ECN.
What you see in MT4 pricing and spreads really reflects institional pricing.
Company is transparent you may always compare with Reuters Fx feed or Bloomberg.
So you are trading with the real institional pricing.
When it goes to execution you will find the following:
Less speed of execution rather then at ECNs 2-3 seconds against milliseconds at Hotspot or Currenex.
This is minus.
But minimum account size is very resonable, several times lees then in ECN.
This is plus
No commission against standard commission of 3 usd per standard lots in ECN (which is equal to 0.6 pip per round lot).
This is plus.
about requotes , do you think that there are no requotes in ECNs? there are re-quotes!
About spread and slippage , spread could be even 10 pip on eur/usd and slippage could be even 50 pips, in case of gap.
Also remmember that every participant of ECN is market maker!
My conclusion is that IKON is nice place for retail traders , but not perfect.
But approach with floating spread and institional pricing is very good.
I can't find ikon royal in last CFTC report. I've listened that they had a liquidity problem but I can't find them. In september 2007, they have figured as royal forex trading llc.
You can find Ikon Royal on CFTC report with his NFA registered name: IFSCL USA Inc.
Linear Mode
