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It is a hard question to answer because I am unsure of exactly what your question is that isn't answered in my previous posts.
I'll try and be more explicit, so forgive me if I have been unclear.
When you open an account with us your trading funds will be held in FULL at the Liquidity Provider with whom we are trading at that time. For example, if that is Deutche Bank then that is who the LP is. However, if we manage to negotiate a better deal elsewhere then we will move EVERYONE at the same time to the new LP.
Lets say for the sake of this example that the new LP is Bank Of America. So EVERYONE moves from Deutche Bank to Bank of America at the same time. Your funds will not be split between two or more LP's they will be all together in FULL at the LP that we are using at the time, i.e. the one we have just moved to, in this case Bank of America.
If you are asking who we are using here and now, then I won't answer that in public for the reasons in my previous post. I certainly never want to be quoted as saying categorically that we are trading at xxx and that is who you or anyone else expects to be trading at forever.
If you open an account with us then before you wire us your trading funds you may of course request to know who is the current incumbent LP. But, and this is a big but, please remember that the Collective will move en masse as we negotiate better deals, therefore the incumbent LP at the time that you open your account will more than likely change during the course of your membership. Therefore if there is anyone that you particularly DO NOT want to be trading with then The Collective FX may not be the place for you.
For examply if you categorically NEVER want to trade at Saxo because perhaps you had a bad experience with them as a retail customer, then this is a good reason not to trade with us. The Collective FX will always move to the best deal as negotiated and when it becomes available. This is the whole point behind the Collective approach that we have taken.
I hope I've managed to get to the answer that you were looking for, if not, then I am sorry as I must have missed the point entirely.
For examply if you categorically NEVER want to trade at Saxo because perhaps you had a bad experience with them as a retail customer, then this is a good reason not to trade with us.
It was the point which I wanted to clarify.
How Technically you can move "en masse" for an appropriate LP ?
in this case you need our assents , no ?
We are traders first and foremost, our Brokerage is a means to trade in the best environment possible for us.
There any many very pretty super professional websites out there. Indeed we are not one of them. If that made trades execute faster then we'd certainly have one. Our site is factual, nothing more nothing less.
As to your questions:
Leverage/Margin: 100:1 or 1% Max.
Orders are executed as fast as the technology allows. If you have a slow internet connection then your transaction time will be different to someone with a faster connection. There is NO delay introduced by us, its Straight Through Processing.
News trading is entirely up to you. If thats what you want then do it. We don't mess with your orders at all. However, if the market runs then it runs, if you are on the wrong side of things then I guess you might call that a problem. You won't find us taking your order, holding it, waiting for the market to make its move and then filling you at your original entry price though. News is news, the risk is yours.
No delays, no requotes. If there is liquidity there then you will get filled. Straddle away.
I'm glad I managed to get to the answer you needed.
When you open an account with us then you are giving us your consent to move from LP to LP as serves the best interest of the Collective. i.e. to make trading cheaper.
If you really don't want to trade somewhere specific then the Collective approach isn't for you as a new LP may appear on our radar that we'd like to trade with that as yet is unknown to us. We don't want for you to be unhappy trading with us.
One more point that I should have made is that when we move it will be completely transparent to our members, i.e. no paperwork, no technology changes, you really shouldn't notice anything different, other than better spreads
I downloaded the demo and i see the Execution Type: Market Execution = No slippage control
No plan to Change Execution Type into : Instant Execution + Slippage control ?
Quote:
Originally Posted by 4of7
Maxey,
We are traders first and foremost, our Brokerage is a means to trade in the best environment possible for us.
There any many very pretty super professional websites out there. Indeed we are not one of them. If that made trades execute faster then we'd certainly have one. Our site is factual, nothing more nothing less.
As to your questions:
Leverage/Margin: 100:1 or 1% Max.
Orders are executed as fast as the technology allows. If you have a slow internet connection then your transaction time will be different to someone with a faster connection. There is NO delay introduced by us, its Straight Through Processing.
News trading is entirely up to you. If thats what you want then do it. We don't mess with your orders at all. However, if the market runs then it runs, if you are on the wrong side of things then I guess you might call that a problem. You won't find us taking your order, holding it, waiting for the market to make its move and then filling you at your original entry price though. News is news, the risk is yours.
No delays, no requotes. If there is liquidity there then you will get filled. Straddle away.
Linear Mode
