Armada Markets

[Pnty]

OK lets see, we have an unregulated broker who have been the subject of an official government warning and at least one of the board members has been heavily fined for breaking financial industry rules in the past. But all your worried about is the size of the spread?

If you go to Estonian FSA website then it is listed as "notice" and tells you that Armada doesn't have the right to provide derivatives, which it actually doesn't. Or is spot FX and spot gold/silver derivatives for you? I see only spot FX and spot gold/silver in my Armada Markets MT4 Forex terminal.

I see that some team members had some issue together with Goldman Sachs and it seems to me that both Goldman Sachs and the guys have solved this issue.

My account with Armada is small, because my capital is limited and I have accounts also with other brokers. I do some latency arbitrage, if you know what I mean! I truely hope that the day would come soon when Armada would get solid license not this softy one. Until that time, I remain a small but loyal player to Armada.

BTW, somebody says that probably most of my posts here are about Armada. That is correct. If you see all kind of **** flying around in this industry and then find a broker that actually does provide a good service then I was genuinely impressed by them.

 

[Liquid validity]

Jesus, just open a demo account with Armada and LMAX and compare the spreads of overnight Asian session. So who has better spreads?

And I still don't understand why Armada is keeping this LMAX price widget on their front page when only a small portion of liquidity (if I look overnight session) comes from LMAX. I mean based on overnight spreads Armada should actually be the one who provides liquidity to LMAX.

I don't trade the Asian session.
Most here don't either.

For the umpteenth time for those who can't read, the LMAX widget is from
LMAX's site:
http://www.lmax.com/exchange
Right click the LMAX spread quote window > this frame > show only this frame.
You get the LMAX quotes widget in its own window:
https://s3-eu-west-1.amazonaws.com/...t-quote-prof-flex.html?a=rTWcS34L5WRQkHtC&f=1

During the U.S. and Euro sessions at least, the Armada quotes and LMAX quotes are EXACTLY the same:
http://www.lmax.com/exchange
http://www.armadamarkets.com/fx-trading/open-account/

Good luck with latency arbitrage on a consumer connection in Australia
connected to a broker server in Estonia...

 

[Shakone]

Jesus, just open a demo account with Armada and LMAX and compare the spreads of overnight Asian session. So who has better spreads?

And I still don't understand why Armada is keeping this LMAX price widget on their front page when only a small portion of liquidity (if I look overnight session) comes from LMAX. I mean based on overnight spreads Armada should actually be the one who provides liquidity to LMAX.

That's just nuts. They are using LMAX to provide the main part of their liquidity, so how on earth could they provide liquidity for LMAX?!

I can believe that they aggregate in another feed which may make the spread occasionally smaller. I doubt the difference is enough to make it worth while trading with an unregulated Estonian broker whose CEO's (well 67% of them) were banned from trading on the CME for dodgy practices.

 

[cablemonster]

tarders. Armada are a dealer. a dealer is a dealer is a dealer. many dealers claim to use ECN prices with no dealing desk intervention (lololol), this is an attempt to make themselves look better, obv a lot of people fall for this. how do you know if they are a dealer, find a quiet market and rest an order in the book and see if it adds your order into the market, if not nobody else can see it and they are a dealer. dealers trade against you by definition.

Use a genuine ECN like currenex or LMAX. honestly.

 

[Liquid validity]

Time = 23:24 GMT (BST DST).
LMAX and Armada spreads, unsurprisingly, still identical.

Use a genuine ECN like currenex or LMAX. honestly.

+1

 

[Rockfeller]

You don`t even bother to do some research.Average spread is exactly 2 times worse on LMAX than Armada. (Don`t forget the commission 2.5 per side on LMAX and 2 per side on Armada)
Do you really think that LMAX would choose Armada Markets as preferred partner if they would be a shady broker?
I am a scalper and I need low overall trading cost. I know there is a regulation issue but I am making profit.

 

[Liquid validity]

You don`t even bother to do some research.Average spread is exactly 2 times worse on LMAX than Armada. (Don`t forget the commission 2.5 per side on LMAX and 2 per side on Armada)
Do you really think that LMAX would choose Armada Markets as preferred partner if they would be a shady broker?
I am a scalper and I need low overall trading cost. I know there is a regulation issue but I am making profit.

Links used:
http://www.lmax.com/exchange
http://www.armadamarkets.com/fx-trading/open-account/
http://www.myfxbook.com/forex-broker-spreads/armada-markets-EURUSD-real-spread/1139,1

My fxbook is under reporting the spread,
either deliberately or some sort of glitch.
See screenshot attached.

Do you seriously think Armada would quote a spread higher than their
true spread on their own site?
Open all of the links in this post in new windows, and see for yourself.
Maybe you should start questioning your own "research"...

Throw in the other issues raised, and I think I will stick with LMAX thanks:
http://www.trade2win.com/boards/forex-brokers/147050-armada-markets-3.html#post2194212
http://www.trade2win.com/boards/forex-brokers/147050-armada-markets-4.html#post2194596

 

[Rockfeller]

Links used:
http://www.lmax.com/exchange
http://www.armadamarkets.com/fx-trading/open-account/
http://www.myfxbook.com/forex-broker-spreads/armada-markets-EURUSD-real-spread/1139,1

I sent them e-mail about this.

It`s really weird because when I compare my LIVE account spread with Myfxbook it`s identical and if I am comparing spreads with LMAX widget the spread is smaller than on widget.

 

[Liquid validity]

Links used:
http://www.lmax.com/exchange
http://www.armadamarkets.com/fx-trading/open-account/
http://www.myfxbook.com/forex-broker-spreads/armada-markets-EURUSD-real-spread/1139,1

I sent them e-mail about this.

It`s really weird because when I compare my LIVE account spread with Myfxbook it`s identical and if I am comparing spreads with LMAX widget the spread is smaller than on widget.

I can't comment on that as I don't have an Armada account.
Even if the public quotes on Armads's site are worse than account spreads,
given the warnings raised earlier and no regulation I still prefer
LMAX.

I do find it a bit bizarre that they would give public quotes that are worse
than a live Armada account, probably the first broker in history to do that...

 

[cablemonster]

You don`t even bother to do some research.Average spread is exactly 2 times worse on LMAX than Armada. (Don`t forget the commission 2.5 per side on LMAX and 2 per side on Armada)
Do you really think that LMAX would choose Armada Markets as preferred partner if they would be a shady broker?
I am a scalper and I need low overall trading cost. I know there is a regulation issue but I am making profit.

comparing spreads of a dealer against against spreads of an exchange is futile. If you haven't found out yet execution is much more important than the spread.

I respectfully point you towards the following text which should be compulsory reading before engaging in a trading conversation.

http://www.amazon.co.uk/Trading-Exc...nges:+Market+Microstructure+for+Practitioners

You need to understand who the participants are in the markets your trade, how and why they operate.

G/L

 

[Shakone]

What is the depth on the armada spread when it is less than LMAX?

 

[fredfound]

I have completely ditched Aramda markets their servers always crash and their support is not 24 hours. Im sticking to the Aussie brokers, they are better regulated and have excellent support.

 

[Rockfeller]

I am still using Armada Markets. Haven`t had any issues with them so far.

 

[billyjean]

I have completely ditched Aramda markets their servers always crash and their support is not 24 hours. Im sticking to the Aussie brokers, they are better regulated and have excellent support.

Yeah sometimes their servers are under maintenance but I wouldn't say it occurs too often. It is a really frustrating to fall into that time with open position but I never had that on my lifetime (btw, check their website for rollover time). When I signed up with them I was surprised with their spreads on comission-based account. It's really worth to get down to trade with majors (get 0 spreads on EUR/USD 3 times from 10 actually). What is the average spreads you get guys?