If nobody here replies you might want to check out the EliteTrader forum where there are frequent past discussions of the various forex ECN-type platforms and what different firms are charging at the moment. Posters there sometimes say HotspotFxi (the institutional one, not the retail one) is better than Currenex on spreads. Most firms will offer both so one can decide for one's self which is preferable.
whats pkace?
well i like the currenex trading, very fast and good spreads, and easy to manage trades on diff
currencys on the same time. and i dont need the charts anyway
i think to start work with MF global as i will pay 25 USD per 1mil round traded (500k trade size)
the thing is they said i can only manage up to 3 clients, unless i will use strategyrunner, and than im not in currenex again..
well i like the currenex trading, very fast and good spreads, and easy to manage trades on diff
currencys on the same time. and i dont need the charts anyway
i think to start work with MF global as i will pay 25 USD per 1mil round traded (500k trade size)
the thing is they said i can only manage up to 3 clients, unless i will use strategyrunner, and than im not in currenex again..
First of all Currenex is only trading platform.
Your spread depends on number and quality of liquidity providers.
So you may the smae currenex platform but with different pricing.
So commission is not only important.
TRy currenex from ADM derivatives and pay just 10 usd commission and try Currenex from Vcap and pay 30 usd and you understand that may be you are getting better conditions with higher spreads.
Your spread depends on number and quality of liquidity providers.
So you may the smae currenex platform but with different pricing.
So commission is not only important.
TRy currenex from ADM derivatives and pay just 10 usd commission and try Currenex from Vcap and pay 30 usd and you understand that may be you are getting better conditions with higher spreads.
There many best brokers who charge less commission. I can tell you one that is AVAFX. And you were asking about Currenes. First it is only trading platform. And it depends on your number of spreads and quality of liquidity provided.So commission only is not so important.
neil
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you actually should do more research on these guys. they are pretty good BroCo. you have to really read into where in Russia they are. yeah yeah scams come out of Russia but the US has scams too. didn't the biggest ponzi in history come from the USA. i know you are experienced but i would expect you to do more research before you posted that. don't believe me, look at my homepage link. I don't mind making 10% a week on the mt4 currenex platform! and they secure there funds up to 10 mil. all the fun of mt4 scalping on auto and no intervention? good for me! I don't see how that would widen the spread. i see it but the lower the spread, i can get in and out of trades faster. faster than fxpro or forex.com mt4 and they are supposed to be the tops! I'll pay the commission. that i can deal with but that spread will ruin a scalp trade all day long if it's too high! and it never is too high.
how do I know that? ATC has a higher commission than Broco. but the spread itself is a lil lower. get in/out very quick! while broco gets out and profits but that spread makes the slightest difference. can't wait for ATC! and MBtrading's mt4 beta. MAN! same commission as ATC but hardly any spread in the Asian session. you don't see that every day!
or if you really wanted to trade on currenex with the mt4 for auto trade or if you have custom mt4 indicators, go to goforex.com and by a bridge for 1000.00. that'll get you going!
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Brokerage of $5 a side regardless of size. If I have read that right then forget where it is based. Avoid at all costs.
if you read the statement. you will see that it's 5 dollars round turn, so like 2.50 in, 2.50 out. not bad. made 869.00 so far this week. 10.00 per side?! they better have 0 spread! lol i actually had a convo about this with my friend last night that if they charged at the highest a .5 pip spread and charged 10.00 commissions, I would do that. the spread is what i worry about the most, not the commissions as much
I think you missed the point of what I was saying.
No legitimate currenex broker could afford to charge $5 a side let alone $2.50.
Much as I would like to pay, say $2.5, per 5m trade it isn't feasible.
If they really are claiming this I would avoid at all costs.
and why would you say a currenex broker? they are mt4 using a custom built currenex bridge so they will charge whatever commission they can since the spread is lower than normal deal desks becuase they aren't making money off the spread really at all. i understand exactly what you're saying. also, their maximum lot size is 20 so they would have to charge a little higher. they aren't claiming to be something they aren't. otherwise i would have avoided thema long time ago.
Currenex is not user-friendly and has no charts
Check out this ECN platform called Viking Trader.
YouTube - Viking Trader ECN- True Forex ECN platform with Charts- Similar to Currenex but more features.
Check out this ECN platform called Viking Trader.
YouTube - Viking Trader ECN- True Forex ECN platform with Charts- Similar to Currenex but more features.
GammaJammer
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I read some of the write-ups. looks more like another bank feed aggregator to me. Not a true ecn. You're still crossing someone's spreads.....
GammaJammer
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Course you're satisfied with them - you have come here, made 6 posts and as far as I can see have mentioned them in every one. It's a bit of a recurring theme on T2W I'm afraid, so we all know the drill.
What I am going to do is to suggest to the moderators that you have a vendor tag so that when newbies read this they will know who you work for.
Have a good day
GJ
What I am going to do is to suggest to the moderators that you have a vendor tag so that when newbies read this they will know who you work for.
Have a good day
GJ
