And you think wider spreads and bucketshop quote manipulation has nothing to do with that? You should care how much you're paying your broker, it's all coming out of your profit (or increasing your loss)!

Spread Vs. Commission

Alpari and InterbankFX close for business at different times on Friday, InterbankFX stop updating their charts an hour earlier than Alpari so you've got an extra twelve 5-minute bars on your Alpari chart. You will find a similar difference on Sunday ...

Why does Alpari and interbank have different price data?

Agree, and that's without taking into account what these 2-pip-fixed-spread shops do to quotes! By the time price gets to the trader's platform he's probably paying >5 pips above an ECN (probably more), and heaven knows what kind of spread around ...

Spread Vs. Commission

Lots of talk about advertised spreads but nothing about how orders are filled. With the upcoming NFA ban on non-STP brokers adjusting price on executed orders I imagine brokers are going to be more careful about what price they fill your order at, ...

What broker should I go with?

I think you should ask them on live chat and post a transcript of the conversation here.

Am I Paranoid Or is My Broker a Crook?

LOL!!!

Proposal to phase out Hedging

IBFX claim they're following the rule, ".....new NFA Compliance Rule 2-43 regarding forex orders"...., they've taken the word 'orders' as meaning exactly that, orders. They say they're waiting on clarification about whether the rule applies to ...

Proposal to phase out Hedging

I dunno, I think FIFO is a fairly unambiguous, industry standard concept and it's really all NFA should have needed to do, it achieves their objective perfectly. Unfortunately for their clients some brokers (ie IBFX) have interpreted the simple FIFO ...

Proposal to phase out Hedging

It sounded like a reinvention of the wheel anyway, institutional traders already have a perfectly good network as far as I can tell. For retail fx traders who want the option to trade with each other I think Interactive Brokers is about the closest ...

Someone needs to build a pure, transparent ECN, no liquidity provider retail broker

It is, very strange. I can't understand why it's so difficult to modify the platform to accept any order, any direction, just as long as it adjusts the net position like in your example. Isn't that all the new NFA rule requires?

Proposal to phase out Hedging

Didn't they already try something similar with FXMarketSpace? There's a bunch of traders who got fed up with broker quote manipulation so they set up a brokerage for themselves, I'm not exactly sure how it works but it sounded very fair. I'm not in ...

Someone needs to build a pure, transparent ECN, no liquidity provider retail broker

I'll second that, it's a great bit of software, separate taskbars and loads of other features! 4x19" off a Matrox GX450 here, really cheap setup off ebay (under $500 incl monitors) but it works a treat! Once you've got multiple monitors you'll ...

Anyone using multi monitors?

I agree it's certainly a risky business, it's fun all the same though! I would sooner start small and compound than start big and withdraw, opposite ends but I guess we meet in the middle eventually (hopefully!)

Proposed NFA Capital Requirement

Notice I-09-12 May 05, 2009 Revised Effective Date for Portions of NFA Compliance Rule 2-43(b) Notice I-09-10, issued on April 13, 2009, stated that new NFA Compliance Rule 2-43(b) would be effective for any positions established after May 15, 2009. ...

NFA postpones the new anti-hedging rule..

Or, trade with an FSA regulated broker where funds are covered up to GBP50k if the broker goes bust. I'm not sure how far cover extends outside UK but I'm sure there are ways round it. Don't forget that by withdrawing trading capital you're also ...

Proposed NFA Capital Requirement

The platform orders are seriously primative now, if you're Long you can't place any short orders until the Long trade is closed either by Stop or Limit, same for Short. You can't place a Buy and Sell order at the same time either. Quite obviously ...

Proposal to phase out Hedging

Sure is because you're not convincing anyone. Impress us all and shut us doubters up for good, you'll be the hero of all these hedging/nedging threads because no-one has been able to come up with the goods so far, not even for a million ...

Proposal to phase out Hedging

Just as well Demo is great for these types of things, I left an averaging strategy EA running for weeks, woke up one day and it had blown up! Fun to watch while it lasted though!

Proposal to phase out Hedging

So it's no different than any other similar strategy, any profit it banks is offset by losses, and on top of that it costs in spread and swap. In order to be profitable it needs to have a 'normal' non-hedged one-directional trade to cover losses, it ...

Proposal to phase out Hedging

If you're using the same broker I believe it's totally free and like I say seamless, I doubt you'll even notice the change. They obviously value their hedgers business

Proposal to phase out Hedging