Just my personal opinion...

The only people who are consistently complaining and think that there is some kind of conspiracy theory and that everyone is out to get them, are the people who are losing money in forex. Have you ever considered that maybe it’s you? Maybe trading just isn’t for you. You need to accept responsibility and stop blaming the market, your broker... everyone but yourself. And that may be your first step towards becoming a better trader. Sure, there are some crooked brokers out there, but most of the reputable ones are quite good.

Omelette,

I've been talking to these guys the last week or so. So far... me likee. Here's why:

-No broker intervention (STP). It goes to a dealer desk of course... the ones found in their liquidity pool (their banks through ECN)

-No scalping restrictions what so ever. Thats not to say that you could straddle the NFP to make millions in 6 months. News trading in my opinion is suicidal (perhaps I don't know the proper technique to exploit the events). Bottom line, regardless of MT4 or Currenex, the laws of supply and demand are always in play. If a large number of traders are clicking the buy button at the same time (news), the obvious will happen - you may not get filled for a while.

-Their price feed has an additional digit, which takes some getting use to if you're an MT4 user. EX: EUR/USD would NOT read 1.5545, but rather 1.55453.
So an order might run you 1.8 pips spread, or a 2.3 pip spread... again based on supply and demand as the bank gets its bids and asks coming in.


I would recommend giving them a call. There's a guy there by the name of Ben. Real sharp English man with a heavy inclination for service... tell him Mr. Marketz sent you... he'll know what to do. Unlike other MT4 brokers we've all been accustomed to, these guys are different in the sense that they are more of a traditional brokerage firm (a division of Rosenthal Collins - old Wall Street firm with deep pockets). What this means to retail traders like you and I is that we can "negotiate" our terms... if you get what I'm saying

peace.

Girl traders who place orders a few hours before NFP announcements, and then bankroll the positions are so hot right now. FX Chick, as far as I'm concerned, any comment you make is right ON the money.

I honestly think that most major brokers are safe. Alpari, Interbankfx, FXDD and so on are ok. I see these negative posts as a witch hunt. Losing traders are looking for every excuse to justify losing trades. Yes, there are chop shops, if you fall victim to them, its your fault. Do your research. There's an ago old saying "If it sounds to good be true, it probably is".

I'd agree for the most part, because with these guys, in general, your money should be safe!

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Ash's Signals

It was more then just a few hours Mr. Marketz, I told you when I got in. And since I was already in the trade and it was going my way... then why not stay with it with my second contract and move up my stop loss just before the announcement. I had a 50/50 chance of it going my way and was only risking about 10 pips with a chance to make much more.

@Mr.Marketz, I appreciate the in-depth response. Yes, they definitely sound promising - now all I need is for a dozen or so TSD members to sign up with them and confirm this As I'm sure people are sick of me saying, this was also the story with Aleccohfx before I signed up, with barely a disgrunted post to be found - and we know how that turned out...

@fx_chick, regarding your earlier post, you are partially right - my 'caustic' posts tend to come on days things don't go according to plan, and yesterday was one of them!

Mr. Market, Good post. Did you know that Tradeview also has 4 digit pricing just not on all pairs? Click on Market watch, right click on "show all" and then scroll down. The pairs with the ! next to them are 4 digit. cheers,Goldensight

Kick ass, Goldensight. Thanks a million for pointing this out. That 5 digit stuff was driving me nuts. Great observation. Drop me a pm if you ever need anything.

MM

Still hot... no matter how you dice it.