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  • #5,001
  • May 31, 2017 5:22pm May 31, 2017 5:22pm
Quoting OANDARep
{quote} Hi Pipmaster77, Quite a few traders have switched to commission based trading, as algo traders, or scalpers tend to like tight spreads to deal on. The mechanics of your trade are affected differently with a commission model vs the spread model - but they are simply options to choose from. So price alone is not the only factor to consider when deciding what pricing model to use. The rates offered with a commission model are easily adjusted, as we simply reduce the commission charged. So if the volume is there, we are more than happy to work...
Oh, I use commission based trading. I pay $2.50 each way and pay 1.1 pip on GBPJPY. Have anything similar to offer? Highly unlikely, as the US forex market has become a monopoly due to our great friends at the NFA. Is your commission model DMA/ECN or as I assume you are still holding other side of trade?
  • #5,002
  • Jun 1, 2017 8:36am Jun 1, 2017 8:36am
Here too, trading GBPJPY with spreads <1, (usually 0.6-0.9) with 21$ per million in commission per side. Oanda it's still not competitive at all.
  • #5,003
  • Jun 1, 2017 8:49am Jun 1, 2017 8:49am
Quoting murena80
Here too, trading GBPJPY with spreads <1, (usually 0.6-0.9) with 21$ per million in commission per side. Oanda it's still not competitive at all.
Thank the NFA and CFTC. They have left the US with two options. Why would they be competitive. Yet, as I state over and over, despite their claims of protecting the trader, the regulations do not allow us to trade with safe, regulated brokers from across the world. Trading conditions are much better and even more importantly, your capital is insured.
  • #5,004
  • Jun 1, 2017 9:14am Jun 1, 2017 9:14am
Quoting pipmaster77
{quote} Thank the NFA and CFTC. They have left the US with two options. Why would they be competitive. Yet, as I state over and over, despite their claims of protecting the trader, the regulations do not allow us to trade with safe, regulated brokers from across the world. Trading conditions are much better and even more importantly, your capital is insured.
You are right but I don't care for NFA and CFTC. I trade in UK so no stupid regulations. My trading conditions are simply fine for now...and I don't have a big account too.
  • #5,005
  • Jun 1, 2017 9:30am Jun 1, 2017 9:30am
Any ETA on fixing the v20 bug not working with trade explorer?

Thanks.
"Diversification is an excuse for a lack of talent" ~FXC
  • #5,006
  • Jun 1, 2017 9:41am Jun 1, 2017 9:41am
Quoting FXCapitalist
Any ETA on fixing the v20 bug not working with trade explorer? Thanks.
I was told last week by FF that Oanda promised them an initial fix by last Friday. When I talked with Oanda this week they said definitely within three weeks from last Friday.
  • #5,007
  • Jun 1, 2017 9:41am Jun 1, 2017 9:41am
Quoting murena80
{quote} You are right but I don't care for NFA and CFTC. I trade in UK so no stupid regulations. My trading conditions are simply fine for now...and I don't have a big account too.
That's why you have good trading conditions....because you are in UK. I am sure you are using a broker not accessible to US residents.
  • #5,008
  • Jun 1, 2017 5:08pm Jun 1, 2017 5:08pm
Quoting pipmaster77
{quote} Oh, I use commission based trading. I pay $2.50 each way and pay 1.1 pip on GBPJPY. Have anything similar to offer? Highly unlikely, as the US forex market has become a monopoly due to our great friends at the NFA. Is your commission model DMA/ECN or as I assume you are still holding other side of trade?
ROFL , this obsession with DMA/ECN brokers is hilarious...as if any legitimate broker would want to go after your puny 10k account.

So you're telling me that if, in some fantasy world, you actually dealt volume and had a chance to play with the big boys you wouldn't trade on AutoBahn or with UBS??? GTFO

Where the hell do you think your so-called ECN sources liquidity? Also, assuming you're a US resident since you keep bitching about the NFA, your ECN broker is doing something illegal by onboarding you. Good luck with that outfit...
  • #5,009
  • Jun 1, 2017 6:42pm Jun 1, 2017 6:42pm
Quoting Pirotechnic
{quote} ROFL , this obsession with DMA/ECN brokers is hilarious...as if any legitimate broker would want to go after your puny 10k account. So you're telling me that if, in some fantasy world, you actually dealt volume and had a chance to play with the big boys you wouldn't trade on AutoBahn or with UBS??? GTFO Where the hell do you think your so-called ECN sources liquidity? Also, assuming you're a US resident since you keep bitching about the NFA, your ECN broker is doing something illegal by onboarding you. Good luck with that outfit...
Well you keep trading with your US broker and keep putting up 10 times more for margin in your NON-PROTECTED US account. I am sure you're aware the NFA doesn't allow forex accounts to be insured in any way. I will continue to keep 90% of my actual capital in my own bank account while using the 10% I actually need for margin to execute THE SAME SIZE TRADE as I would need the entire 100% of my capital to be on deposit with a US broker. I will also continue to pay a tighter spread and lower commission. Yes, I understand with DMA the liquidity provider has the other side of my trade. Way different when it's the actual broker. It's like betting with a sportsbook where they actual control the outcome of the game. So good luck with your outfit as well, I've had no issues in 3+ years.
  • #5,010
  • Jun 1, 2017 7:31pm Jun 1, 2017 7:31pm
Quoting pipmaster77
{quote} Well you keep trading with your US broker and keep putting up 10 times more for margin in your NON-PROTECTED US account. I am sure you're aware the NFA doesn't allow forex accounts to be insured in any way. I will continue to keep 90% of my actual capital in my own bank account while using the 10% I actually need for margin to execute THE SAME SIZE TRADE as I would need the entire 100% of my capital to be on deposit with a US broker. I will also continue to pay a tighter spread and lower commission. Yes, I understand with DMA the liquidity...
Of course you've never had a problem, as I said who is going to go after your puny 10k account?? It's painfully obvious you're with some shady off-shore, barely regulated outfit giving you ridiculous leverage with really no viable recourse if you're actually a trader that matters.

How is the rejection rate at your so-called ECN broker?

I agree the NFA doesn't know what it's doing when it comes to spot FX, but that doesn't mean you throw yourself out to the first shady broker that's willing to BREAK US AND INTERNATIONAL LAW...and you're talking to me about bookies that control the outcome of the game???!? The irony...
  • #5,011
  • Jun 1, 2017 7:53pm Jun 1, 2017 7:53pm
Quoting Pirotechnic
{quote} Of course you've never had a problem, as I said who is going to go after your puny 10k account?? It's painfully obvious you're with some shady off-shore, barely regulated outfit giving you ridiculous leverage with really no viable recourse if you're actually a trader that matters. How is the rejection rate at your so-called ECN broker? I agree the NFA doesn't know what it's doing when it comes to spot FX, but that doesn't mean you throw yourself out to the first shady broker that's willing to BREAK US AND INTERNATIONAL LAW...and you're talking...
You're absolutely correct, I would have no recourse if broker disappears. However, neither do you. Difference is, I will still have 90% of my trading capital, while you, on the other hand, will lose entire account because of the ridiculously LOW LEVERAGE available in US. To answer your question, my rejection rate is zero. I am not going to argue this point, it is blatantly obvious having 90% of your trading capital sitting in an FDIC insured bank is a much better risk model than having 100% on deposit with a broker for margin that shouldn't be required when the funds are not protected. If I am trading one lot GBPUSD with a 50 pip stop, I am risking $500, but yet with aUS "regulated " broker, I need to put up $4K??????? For what????i
  • #5,012
  • Jun 3, 2017 12:01am Jun 3, 2017 12:01am
How is scalping performance with OANDA?
  • #5,013
  • Jun 3, 2017 6:56pm Jun 3, 2017 6:56pm
Quoting pipmaster77
{quote} You're absolutely correct, I would have no recourse if broker disappears. However, neither do you. Difference is, I will still have 90% of my trading capital, while you, on the other hand, will lose entire account because of the ridiculously LOW LEVERAGE available in US. To answer your question, my rejection rate is zero. I am not going to argue this point, it is blatantly obvious having 90% of your trading capital sitting in an FDIC insured bank is a much better risk model than having 100% on deposit with a broker for margin that shouldn't...

You're trading with an "ECN" with no trade rejection???

Right, either you really are a small fry, or you don't actually know how real ECNs work.

I don't even want to respond to that dumb bullshit about leverage -- again, only makes sense with a puny $10k account.
  • #5,014
  • Jun 3, 2017 7:41pm Jun 3, 2017 7:41pm
Quoting Pirotechnic
{quote} You're trading with an "ECN" with no trade rejection??? Right, either you really are a small fry, or you don't actually know how real ECNs work. I don't even want to respond to that dumb bullshit about leverage -- again, only makes sense with a puny $10k account.
Actually makes even more sense the LARGER the account, so if I'm trading 10 lots with 50 pip stop, I'm risking $5,000, but a US broker would require $40,000 for margin. Yes, you're right, having that extra $35K on deposit unprotected with the broker is a much better option than sitting in my bank. My bad, what was I thinking???? ROFL
  • #5,015
  • Jun 3, 2017 7:50pm Jun 3, 2017 7:50pm
Quoting pipmaster77
{quote} Actually makes even more sense the LARGER the account, but whatever, have better things to do than argue this point.
Right...whatever floats your boat.

How about you explain to me how an "ECN" has no rejection rates...
  • #5,016
  • Jun 3, 2017 7:53pm Jun 3, 2017 7:53pm
Quoting Pirotechnic
{quote} Right...whatever floats your boat. How about you explain to me how an "ECN" has no rejection rates...
Actually makes even more sense the LARGER the account, so if I'm trading 10 lots with 50 pip stop, I'm risking $5,000, but a US broker would require $40,000 for margin. Yes, you're right, having that extra $35K on deposit unprotected with the broker is a much better option than sitting in my bank. My bad, what was I thinking???? ROFL. I have never had a trade rejected, so apparently I do not trade large enough. I can tell you I have watched on numerous occasions price come with .01 of a stop and not get hit. That WOULD NEVER happen with these garbage brokers in the US.

  • #5,017
  • Jun 3, 2017 9:38pm Jun 3, 2017 9:38pm
Quoting pipmaster77
{quote} Actually makes even more sense the LARGER the account, so if I'm trading 10 lots with 50 pip stop, I'm risking $5,000, but a US broker would require $40,000 for margin. Yes, you're right, having that extra $35K on deposit unprotected with the broker is a much better option than sitting in my bank. My bad, what was I thinking???? ROFL. I have never had a trade rejected, so apparently I do not trade large enough. I can tell you I have watched on numerous occasions price come with .01 of a stop and not get hit. That WOULD NEVER happen with...
This just keeps getting better. So you tell me when any broker regulated by the NFA withheld customer funds or failed to pay back a client's deposit. Frigging tin foil hats everywhere.

And more hilarious the broker would move its price so it could take out your shitty lot by 0.1 pips, notwithstanding all the other orders that might be triggered by moving the midpoint (limits, TPs on the other side).

It amuses me to no end that all you small time retail traders think the broker is stop hunting you or manipulating markets -- even if they were a B book exclusive broker, you realize theyll be holding positions in the millions and your crappy 1 lot trade is not going to move it up or down.

Also, why don't you do a bit more research on ECNs -- it's not possible for an ECN to have zero rejections by design. Make sure the tin foil hat is angled properly to reflect that radiation.

I've traded on EBS, Reuters, CNX and hotspot -- you will always face rejections even if the structure is CLOB like EBS/Reuters.

Educate yourself
  • #5,018
  • Jun 4, 2017 6:01am Jun 4, 2017 6:01am
How are there rejections on a straight up central limit orderbook (except for erroneous messages). On CME there arent any. Except if you count an unfilled IOC or FOK limit order as rejection, but its not like any counterparty can just walk away from a match.
  • #5,019
  • Jun 4, 2017 12:13pm Jun 4, 2017 12:13pm
Quoting shrike
How are there rejections on a straight up central limit orderbook (except for erroneous messages). On CME there arent any. Except if you count an unfilled IOC or FOK limit order as rejection, but its not like any counterparty can just walk away from a match.
Yes, you will face rejections on IOC/FOK. I.e. you see the price and qty you want, you try to hit it, somebody else hits it before you, limits get pulled etc.

MM's set tolerances on their end and can fill both trades in the above scenario or tweak the system for 0-5% rejection rates. It is the reason why places like EBS/Reuters and the CME will always be more expensive than direct relationships with MMs (for the vast majority of outfits -- only exception is HF/Arb shops/snipers).

Check out the TOB spreads on EBS markets and compare it to any other MM.
  • #5,020
  • Jun 4, 2017 7:12pm Jun 4, 2017 7:12pm
Quoting Pirotechnic
{quote} This just keeps getting better. So you tell me when any broker regulated by the NFA withheld customer funds or failed to pay back a client's deposit. Frigging tin foil hats everywhere. And more hilarious the broker would move its price so it could take out your shitty lot by 0.1 pips, notwithstanding all the other orders that might be triggered by moving the midpoint (limits, TPs on the other side). It amuses me to no end that all you small time retail traders think the broker is stop hunting you or manipulating markets -- even if they were...
Well let's start with the biggest, FXCM. Had they not had a last second bailout after SNB, everyone would have lost their accounts. Your funds are not protected by NFA regulated broker. Even if the broker wanted to, the NFA prohibits it.
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