Hi all,

I've readen at Neuimex web page, from an april 13th interview, that Scalping has some serious restrictions and that's the case for another broker, that is : SCALPING IS NOT A VERY WELCOM TRADING STYLE FOR MANY BROKERS;

Can anybody post the link or info regarding to MT4 brokers that allow Scalping without so many restrictions,

thanx

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ABURRA VALLEY, GUSDINSALVO - MEDELLIN, CO
"We Are What We Do And Even More What We Do To Change What We Are"

Any body know ???

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ABURRA VALLEY, GUSDINSALVO - MEDELLIN, CO
"We Are What We Do And Even More What We Do To Change What We Are"

Well, I know FxDD is allowing scalping trade, but their MT4 platform still on beta test. How about IBFX ? Sorry can't help you much

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David Michael H
"Trader helps traders with sincerity, honesty and integrity"

Gus, I read that same article by Neuimex but my understanding was that he was saying that scalping does have some restrictions with certain brokers but NOT with NEUIMEX in fact they encourage it because if you win so does Neuimex. Hope that helps.

Hi guys, Goldensight - I personally spoke to Klaus Richter via telephone. They do NOT tolerate scalping.

I remember having received a mail from Neuimex last year answering my question concerning scalping. They stated that the minimum account opening is 300.000 usd and u get a spread of a quarter of a pip (yes, u red that well !). There was also a minimum number of trades attached to being able to have a scalp account.

goldensight, that's an extract from the interview:

"...market.

For smaller account sizes, we try to educate them to normal trading or we close their accounts. They get back their deposit and the trades are recalculated to normal market trading.

You may ask why? Well ..."

as you can see your acc. will be closed if incurred in scalping, but I`d like to know if there's any broker with minimum retrictions to scalp. ??

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ABURRA VALLEY, GUSDINSALVO - MEDELLIN, CO
"We Are What We Do And Even More What We Do To Change What We Are"

Yes for accounts under $500,000 scalping is not allowed however for over $500,000 IT IS ALLOWED. Obviously most of us don't have that large of an account YET but it's good to know that when you do get to that level that it IS AVAILABLE thru Neuimex. Here is a copy/paste of the question and his answer in full. cheers



What is your policy on Scalping?

We like them – if their account holds a minimum of 500,000USD, we offer them the direct interbank access. We train and coach them and they can trade without any limitation directly in this amazing market.

For smaller account sizes, we try to educate them to normal trading or we close their accounts. They get back their deposit and the trades are recalculated to normal market trading.

You may ask why? Well – as mentioned before, we have to fill customer’s positions in the market. This lasts some time. If a trade is closed within this time we try to fill it - but the position is closed. As we hedge the positions in the market we have to pay customer’s profit. The profit should come from the market – this lasts some time.

Forums are full of “scalping machines” which make a huge profit. Have you ever heard about these cash cows in reality at a broker? No serious broker will accept this. The FX market is different from the Futures market– there, scalping is a good way to make money. In the Forex market, this only works if you are directly in the interbank market. Which is what we offer our customers.

Scalping is not the only thing bringing problems. Customers who request a position several times before accepting one, also pose a problem. Some Expert Advisors are programmed in a way that they make some 100 requests each trade to find the best position. Have you ever called a phone broker for a buy on 100 Microsoft shares and rejected his offer two times? He will not even take the phone a third time.

Why is requesting a problem you may say. Well – we have a fully automated risk and money management in our backoffice software which executes our customer’s trades. Each request is a potential trade and leverages our risk and money management. And suddenly the hedging is bigger then the open positions. This costs us money and brings problems to the money and risk management. So one or two requests are ok but if an EA makes such a noise before accepting a position we have to treat him as a scalper. Even if these positions are long term positions.

Another thing is hunting for outstanding prices. When you follow the chart you see the peaks in a candle – these peaks come from deals in the interbank market where the big guys play (between 10- and 20-Million-trades or even higher. What if a Mini Lot tries to catch this peak?

By hand trading you will not get this offer. But those nice little EAs may hunt these prices and get a position there. Why? Because our trading server guarantees execution and the EAs are damned fast and catch them. But is not really possible to trade it. So we have to pay it. Which is not in our interest (and thus long term not in the interest of our customers) – it is no real deal – it is something like a ghost deal. The result is that we talk to this respective customer and explain it to him. If he does not change his style – respectively his EA – we will block his account and close it, if he is not willing to follow our advice. We have to protect our company against any loss to stay in the market for our customer’s security.



Many brokers are accused of hunting stops, how do you refute this claim from Neuimex?

None of our customers have ever complained about this. We have no interest in it as we do not own their losses or profits. We do not produce any peaks – for each peak there is a real market movement

my last conversation with klaus, he stated that neuimex fees where .5 pip plus $10usd. that's what they charge on top of interbank dealing spreads. firedave is on the right track with ibfx. the requirement for scalping is a 3 minute hold time with their std accts. i know from personal experience that they are hedging with their lp as soon as the trade comes. the lp has issues when trades are too fast ie under 3 min... hope that helps

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"Anyone who has never made a mistake has never tried anything new." -Albert Einstein

How many minutes do we have to be in a trade for a broker consider that our trade is "regular" and not scalping?