Thread: Currenex platform of LCG , any good?

Originally Posted by ;

seems things changed during those years.
I called them and they reply that for individual account, they won't anymore accept to trading with ECN, only fixed spread.
2 pips for E/U
only individuals in AUS could trade with ECN.

Is this for lcg?

Originally Posted by ;

Is this for lcg?

yep

Originally Posted by ;

yep

Ok, contacted them. The aged true ecn currenex mt4 account isn't available anymore. They now just have a mt4 dealing desk, which can be reported to be an ecn, but have the limitations of the dealing desk with all the possibilities of freezing, reevaluate and requotes (watch their riskwarning). The 2 models they provide for mt4 are adjusted spread (commission included and trades could be reversed in volatile markets) or hybrid, which is still dealing desk with direct currenex feed plus a commission per thousand exchanged.

So actually I do not know what to think of it, well it certainly looks like a step backwards. I will concentrate on lmax and atc for the time being.

Originally Posted by ;

Ok, contacted them. The aged true ecn currenex mt4 account isn't available anymore. They only have a mt4 working desk, which is said to be an ecn, but have the limitations of the working desk with all the possibilities of freezing, reevaluate and requotes (see their riskwarning). The two models they offer for mt4 are fixed spread (commission included and transactions can be rejected in volatile markets) or hybrid vehicle, which is still coping desk with direct currenex feed plus a commission each thousand traded.

So really I don't know what to think of it, well...

I had a conversation yesterday with one of their agents, it seems that they aren't interested anymore at the respective customers, but also the institutional ones.

Pbb, besides atc and imax, do you have other brokers in your mind as a fantastic pick?
thanks,
yours

Originally Posted by ;

I had a conversation with one of their agents, it would appear that they are not interested anymore at the individual customers, but also the institutional ones.

, besides atc and imax, do you have other brokers on your head as a fantastic pick?
Thanks,
yours

I think it's difficult to determine which brokers are nice and dependable, in issues of freezing, requotes, delays, execution and funding, withdrawing etc.. Until now I've used interactive brokers but wanted a live account for mt4 as I need an ea to run.

In the past I've had accounts with mbt and dbfx. The spreads and liquidity in mbt are not interesting (at least in the time for other pairs the EU). DBFX is gone.

I currently have a small account at jfdbrokers which looks okay. They have integral, low spreads, but is regulated in Cyprus, which will be a con and are relatively new. If they had immediate fsa or German regulations it would be a go for a larger account.

ATC appears great, their non-US customers have accounts at FXCM UK, so segregated accounts and fsa. They utilize the uncooked spread of fxcm which is tighter then what fxcm offers. Adding atc commissions it is still smaller. ATC is currently in business since 2005.

Lmax has great spreads, but when looking at available liquidity in the current quote I think the next level is sometimes to far (.5 pip), which makes the real spread using a liquidity within 500k sometimes a lot larger.

On the poster, hope you will answer a few of those questions. On the brokers however, I utilize brokers like Trader's Way, alpari and have only begun checking out zulu.

Originally Posted by ;

I think that it's difficult to see which brokers are good and dependable, in issues of freezing, requotes, delays, execution and funding, withdrawing etc.. Until now I've used interactive brokers but desired a live account for mt4 as I want an ea to operate.

In the past I've had accounts with mbt and dbfx. The spreads and liquidity at mbt aren't interesting (at least at that time for other pairs that the EU). DBFX is now gone.

I currently have a small account at jfdbrokers which seems okay. They've integral, low spreads, but is regulated in Cyprus, which is a.. .

Thanks a lot for all the detailed information, gbb!
Sorry not to have responsed earlier.
yours,

Anyone here got a experience? It seems to connect unique platforms that LCG provide designed for people who may access various platforms but with no technical solutions to get the best bid/ offer, however I'm not so convinced. http://1forexbrokers.com/2012/11/13/...rm-fast-match/