Thread: Currenex platform of LCG , any good?

Originally Posted by ;

read on this forum , they simply cost $30/million RT ?

$30 for a thousand round trip is expensive!

Originally Posted by ;

hi ,

Could you be so kind and could you be a bit more specific:


What do you hear exactly?

Sure- I have discovered that some Currenex brokers don't want automated scalping systems in their platforms. I am working with a developer on such a egy now and I am curious who will take scalping egies.

Originally Posted by ;

hi Europipster,

Could you be so kind and can you be a bit more specific:


What did you hear precisely?

It means that in case you send them toxic flow you will be shown the door. If you do not know what I'm talking about it likely will not be an issue to you.

Europipster, BlackMage,


What I don't understand: when a broker is not taking the other side of a trade - why should they bother that system one transactions?

The broker likely doesnt care, but when a bank or multiple banks complain of a customer, he may nevertheless be thrown out. A fantastic connection to the banks who provide liquidity is valuable to broker and essential for being aggressive, after all.

What exactly represents toxic flow, I have no idea.

Excessive flow = flow that banks consistently looses on.

Originally Posted by ;

$30 to get a thousand round trip is pricey!

Unless you are trading several yards each month, I don't understand how you'd be receiving the rates which would make you contemplate $30/M r/t expensive. Please enlighten us to what bargain you are referring to. I consider IB's $40 r/t cheap compared to some places (notably MBT's former $100 r/t rate).

Brokers offering less usually arrive with a few caveats in my personal experience (namely wider spreads).

Hi Trader KGB,

Two questions for you.

1) How can Dukascopy's $36 RT ($18 one way, 50 k deposit) compare to this? Is Dukascopy worth mentioning in the exact same breath as LCG, or even, why? (Reason'm asking, is I am near opening a actual acct together).

2) What's the fundamental distinction between the currenex feed and also the ecn feed at dukas? Do I really need to be worrying about those differences when I am simply trading daily charts, rather than buying more than a regular lot or even two?

Thanks for taking the time, if you reach this.

Originally Posted by ;

1) How does Dukascopy's $36 RT ($18 one way, 50 k deposit) compare with this? Is Dukascopy even worth mentioning in precisely the same breath as LCG, or even, why? (Reason Im asking, is I am close to opening a actual acct together).

I'm really not at liberty to offer an opinion, at least with regards to trading/execution matters, since it has now been quite a while since I last traded either a Currenex portal or Dukascopy.

Originally Posted by ;

2) What's the fundamental distinction between the currenex feed and the ecn feed dukas? Do I truly have to be worrying about these differences when I am simply trading daily charts, and not buying more than a regular lot or 2?

By way of trading the dailies, there is little reason to get hung up over slight commission differences.

Given what I understand about both brokers, I'd probably opt for LCG, at least until Duka gets their bank license/FINMA enrollment.

Originally Posted by ;

Does LCG's Currenex have issues with API traders? I've called around a Currenex brokers and have been advised it depends on how aggressive my egy would be. .

No, they dont suffer from it...