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  #51 (permalink)  
Old 03-26-2008, 04:59 PM
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Brokers make money to stay in business. As long as they don't go over their borders and try some funny business, I don't mind paying a little higher spread to keep them in business, thus allowing me to continue trading. At least I know they will be there when I want to make withdrawals, and that I can count on stability with their platform/feed. So stop looking for the best deal or the lowest spread, concentrate more on your trading because brokers making money is just part of doing business.
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  #52 (permalink)  
Old 03-26-2008, 06:34 PM
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Mp -- Even More Thoughts
go to "forexbastards.com" and look up the highest rated ones --- then just go ahead and do it, cause your first broker will not be your last broker, and theres a lot of learning between now and then !

JUST DO IT !

MP
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As a child, i used to watch from the darkness as the secrets were debated and annotated by the elders. No one there held a single thought of my presence -- BUT I KNOW WHERE THEY HID THE KEY !!
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  #53 (permalink)  
Old 03-26-2008, 08:11 PM
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Quote:
Originally Posted by mp6140 View Post
cause your first broker will not be your last broker!

MP
True dat! lol... so true... I've used 14 brokers over the years... Some good and some really really bad! (I totally agree with you about IBFX, they suck hard!)

Note to newbies reading this thread: If you keep your trading volume under 2 to 4 mini lots per trade, any "decent" broker will work fine. The bucket shops don't track or watch that level of trading volume. It's when you start moving standard lots. Then they will start to watch you like a hawk.

Also: "if" you are making money, pull out small withdraws on a regular basis. Brokers also track trading activity by measuring over-all growth. If you keep you withdrawls under 1k and keep your account balance near your orginial deposit level, it will make it very hard for them to track you... wink wink...

recap: small lot sizes + small & frequent withdrawls = a happy trader...
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  #54 (permalink)  
Old 03-27-2008, 01:13 AM
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Quote:
Originally Posted by riffster View Post
True dat! lol... so true... I've used 14 brokers over the years... Some good and some really really bad! (I totally agree with you about IBFX, they suck hard!)

Note to newbies reading this thread: If you keep your trading volume under 2 to 4 mini lots per trade, any "decent" broker will work fine. The bucket shops don't track or watch that level of trading volume. It's when you start moving standard lots. Then they will start to watch you like a hawk.

Also: "if" you are making money, pull out small withdraws on a regular basis. Brokers also track trading activity by measuring over-all growth. If you keep you withdrawls under 1k and keep your account balance near your orginial deposit level, it will make it very hard for them to track you... wink wink...

recap: small lot sizes + small & frequent withdrawls = a happy trader...
Thanks for the advice riffster.
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Old 04-05-2008, 12:31 PM
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Well, I think that IKON is a bucket shop. All the e-mail communications and website content are impressive, but the "small print" attachments in the account opening section are very concering (at least to me).

Read below an extract from Online Trading Application / Risk Disclosure Statement:

"Additional disclosures and notices to traders.

6. In connection with opening an account to speculate and/or purchase and/or sell foreign exchange contracts with IKON Global Markets Trader acknowledges that Trader has been advised and understands the following factors concerning trading in leveraged foreign exchange contracts.

A. Foreign exchange contracts are not traded on a regulated exchange. IKON Global Markets acts as the counter-party to all of Trader’s foreign exchange contract transactions. ... IKON Global Markets establishes prices for all foreign exchange contracts on the trading platform and the prices established may not reflect actual market values. IKON Global Markets has the right, in its sole discretion, to cease trading in any foreign exchange contract at any time, and in such event Trader will be prevented from liquidation of an adverse position. Such actions could result in a substantial loss to Trader. ..."

Looks like marketing and legal docs are seriously out of synch.


Quote:
Originally Posted by Mr. Madruga View Post
Hello guys!
Online forex trading|Mini accounts|Forex broker|Managed accounts
I am trying the demo and I am impressed so far.
They are IBs from IKON Global Market Inc, registered with the CFTC and member of the NFA. 0-2 spread on eur/usd and no commission. Minimum account size is only $500,
I sent an e-mail yesterday and I got a response. Let's figure out if it's a real ECN or NOT...



MY QUESTIONS

Hello,
I am interested by your broker and I would like to get some answers.
Are you an ECN broker?
Do you show BB/BO in your mt4 platform?
How can you guarantee you do not manipulate the market?
Do you allow scalping?
If you show best bid and best offer, why dont you charge commissions? If charge, how much per lot traded?
What's the minimum account size?
Thank you

ANSWERS

Dear,

We offer one the top solution for forex trading at the moment.
As you know in ECN model all deals are roted to different liquidity providers.
We offer combination of internal liquidity generated by our customers ( more then 3000 traders), plus automated routing to one of our 16 liquidity providers (banks), so system is fully automated, no dealer interventon.
MT4 shows the best bid and best offer.
As you know on liqudid pairs at Currenex or Hotspot, theres is almost constant spread of half pip, we offer one pip, so commission per trade already inside of the spread.
Some times our spread my go to zero, then it means that it is internal matching of trades.

Our minimum account size is 500 usd, min lot 10000 units.
There are simialar offer in the market Ex. Mb trading, but as you know MB charges 5 usd per lot ,and effective spread is higher.

Hope you will find my answer as complete.
regards,
Support Team
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  #56 (permalink)  
Old 06-12-2008, 03:57 AM
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are there any ECN brokers support metatrader platform?
can anyone tell me which ECN broke can support metatrader platform?
thx
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  #57 (permalink)  
Old 06-12-2008, 02:00 PM
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Answer
[quote=shanyang;215422]can anyone tell me which ECN broke can support metatrader platform?
thx[/QUOT

Tradeview Forex and ATC Brokers.
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  #58 (permalink)  
Old 06-24-2008, 06:42 AM
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Quote:
Originally Posted by shanyang View Post
can anyone tell me which ECN broke can support metatrader platform?
thx
Yep I can tell you.None.
No real regulated ECN that trades anything on exchange like futures commodities will touch it because it opens them up for miles of allegations and charges for manipulation.
And Metaqoutes told me themselves its impossible to use for ECN.
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  #59 (permalink)  
Old 06-24-2008, 08:37 AM
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Swiss FX
Quote:
Originally Posted by shanyang View Post
can anyone tell me which ECN broke can support metatrader platform?
thx
Also SwissFX now claim to be one.
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  #60 (permalink)  
Old 06-24-2008, 09:25 AM
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Quote:
Originally Posted by kjhfdgjfhdghdf View Post
Yep I can tell you.None.
No real regulated ECN that trades anything on exchange like futures commodities will touch it because it opens them up for miles of allegations and charges for manipulation.
And Metaqoutes told me themselves its impossible to use for ECN.
Not so. I know of someone testing a feed from a very major ECN into MT4 and it's working fine. You just have to be clever with APIs
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