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personally not even interested to start reading those 173 pages listed in this thread, but I did read first one and the last
Yup.
You are not interested in whether they are regulated or not.
You are not interested whether they are just market makers claiming themselves as ECN with no sufficient proof.
You are just interested in your 2 pips/trade commission
DB and UBS - Minimum Deal size 500,000 (5 standard lots)
Instaforex - Minimum deal size 1000 (0.01 standard lots)
And you operate on Netting and hedging and according to you that is a true ECN activity
You are yet to give me a name of 1 ECN which operates on your business model.
To my mind, ECN are not required to have minimum lot of 1.0...ECN brokers execute orders in their own market which represents the pool of other brokers (10-20), for ex, Currenex.
So, the question to InstaForex, where do you get the quotes from? Currenex? Tenfore?Esignal?
Are you considering introducing Spread Betting in the nearest future?
FxGiant,
You overestimate grossly, that we haven't provided you with the answers.
Look through the thread, me or my colleagues have already described our business model and the way of collaboration with our Liquidity Providers above. If you are not tired of copying and pasting same phrases, it does not mean we are not too.
The 4th step of the contest "InstaForex Great Race" The 3d step of the contest "InstaForex Great Race" is still being discussed and the registration for the last 4th step has already begun. The prize fund of the 3d step in the amount of $8,000 is distributing among the winners. According to the contest statistics more than 25 traders from 10 countries became the winners, $25,000 has already found its owners.
Participation in the contest "InstaForex Great Race" which is hold among demo accounts is a great opportunity to win one of prizes avoiding all risks.
At the moment the registration for the next 4th step continues, the prize fund is $8,000.
Yup.
You are not interested in whether they are regulated or not.
You are not interested whether they are just market makers claiming themselves as ECN with no sufficient proof.
You are just interested in your 2 pips/trade commission
I am only interested to make money and youīre correct, I am not particulary interested either are my brokerages market makers or ECNīs because this factor doesnīt help me to be better or worse as a trader at all. I assume between some extreme hardcore scalping where traders hit over 100 orders per day ECNīs are more widely used but since none without of the prodesk & propdesk experience have no any business to this area to make any success with it ECN platform is not necessary required (even some young folks propably thinks in these forums they could).
I have many market makers accounts between the metatrader brokerage houses, 5-6 of them totally and have no anything to complaint any of them.
In fact I thought all metatrader FX brokerage houses are market makers, at least all otherīs are where I do hold my accounts, I didnīt even know thereīs ECN brokerage also exist in MT platform.
So, this is the issue in here, instaforex claim to be ECN house. Well, it seems instaforex offered some phonenumbers for you to check whatever it is the issue you want to check, so perhaps you should do it ?
I am only interested to make money and youīre correct, I am not particulary interested either are my brokerages market makers or ECNīs because this factor doesnīt help me to be better or worse as a trader at all.
And does a broker who is market maker and claims to be ECN good enough choice for you?
Seriously, market makers are always interested in your losses.
Quote:
Originally Posted by kaori
I have many market makers accounts between the metatrader brokerage houses, 5-6 of them totally and have no anything to complaint any of them.
In fact I thought all metatrader FX brokerage houses are market makers, at least all otherīs are where I do hold my accounts, I didnīt even know thereīs ECN brokerage also exist in MT platform.
You are getting some way closer to fact. Instaforex is just another Market maker and claim that they are ECN.
Quote:
Originally Posted by kaori
So, this is the issue in here, instaforex claim to be ECN house. Well, it seems instaforex offered some phonenumbers for you to check whatever it is you want to check, so do it.
I check ECN based on trading conditions and not on phone numbers. If trading conditions are 100% similar to market makers and 100% opposition to ECNs, then its Market maker (if they cannot provide name of 1 ECN which works on same ECN model).
Do you decide ECN status by phone numbers?
FxGiant,
You overestimate grossly, that we haven't provided you with the answers.
Look through the thread, me or my colleagues have already described our business model and the way of collaboration with our Liquidity Providers above. If you are not tired of copying and pasting same phrases, it does not mean we are not too.
Ok, give me name of 1 ECN which works on your business model (netting and hedging, no liquidity depth, requotes, and FIXED SPREADS).
Seriously, market makers are always interested in your losses.
Disagree. If you think the business modell of brokerage house (or call it market makers in here) itīs not really their interest that you loose. Itīs benefit that customers doing well > comes later with bigger trading volume > generating more pips to market maker also.
If someone (like my marketmakers) prefer to trade against of my position, feel free to try, it wonīt do that for long
Your idea doesnīt make any sence, how it would be benefit for your broker that you will loose everything ?
If you buy Intel shares at 19.50 $ and sell it later with 17,50 $ you will do -2 $ loss per share, but you will still have to pay comission to sell those shares. If it would be brokerage house benefit that customers loose all the time, how would you end up with an idea it would be brokerage house interest ? In fact your broker doesnīt care much do you profit or do you do losses, they are interested of your actual trading volume and you donīt have any volume much if you keep loosing.
Think about it moment.
"If trading conditions are 100% similar to market makers and 100% opposition to ECNs, then its Market maker"
How can trading conditions be 100 % opposite ? What do you mean by this. Itīs the same chart you have there.
If you donīt know how to trade, your broker could pay for you 10-20 pips per each trade and you still would be out from this business in no time if you do bad trades all the time.
Why do you participate this thread, if you feel ECN is only right solution for you or your prefer to start trading direct futures or currency options then you should select that choice.
I am sure those "trading conditions" will solve your issue if you do have troubles to make +side balancesheet.
No, I havenīt check are they ECNīs or not, they never delivered for me such an information and I never had asked it, because I was never wansīt even looking any ECN brokerage instead metatrader marketmaker. Opened yesterday also one another similiar, propably thatīs also scam in here soon so I will just waiting now when my money disappears from account to out of space.
Are they ECNīs or not, doesnīt interest me at all because it wonīt doesnīt change my trading style or trading results at any way, but that does interest me if forum users claims them as a SCAM and since itīs not my project I will let you do approve and solve this issue between InstaForex Crew. Will follow the thread and your reseach, hopefully that doesnīt take another 100 pages and years to come with final conclusion as it seems has been issue at so far.
I have opened an account with them so far so good.
Pros:
+Nanolots. there are very few brokers that offer nanolots, and it's one of the most important points for me.
+stable spreads.
+didn't freeze platform yet.
+welcome bonus.
+Credit card deposit and withdrawal (don't have texts withdrawals yet).
+Leverage 1:500 (for those who know how to manage it)
+Minimum requirement for initial deposit
Cons (I would like Instaforex fix them):
- Depositing with credit card is too long for that system (I took almost 2 days to deposit, taking in account that they ask me to change the date of the deposit form), although I did it by mail verification, don't know how much takes to phone verification. Another brokers take just 1-3 hours to that process, and it's direct - you put your card info directly in a secured web page, not sending info by mail or by phone- To instaforex, I think they have a service named chrpay.com (that's the way it appears in my credit card statement).
- Trailing stop minimum 15 pips, too high. I would like it between 2-5 pips.
- 4th decimal prizing, it would be more accurate with 5th (3th to JPY pairs).
I don't care if they are ECN or marketmaker, just I care that they give me good conditions to trade.
I think traders must say to brokers what they can do better, instead of fighting with them (except in those valid complains, of course). In that way we win, they win.
Linear Mode
