I think this thread is a live and healthy thread. A lot of traders post their experience, good and bad. This is perfect for SLM, they know what to improve in order to be competitive. Take CMC next-gen thread, it is the opposite, not many live traders posting their live experience trading with them. I think SLM should use this thread in a positive way to improve their service, not by being defensive, and blaming their competitors for giving them bad reviews.
munchiedude
Well-known member
- Messages
- 320
- Likes
- 10
i have been using SLM now trading tiny lots and have traded for 2 days, my feedback is that i havent had a single requote and since i use another system with DMA, the price correlates well.
thats just 2 days worth of feedback but hey....my 2 pence lol(or 2 pips)
thats just 2 days worth of feedback but hey....my 2 pence lol(or 2 pips)
chrismidnite
Junior member
- Messages
- 27
- Likes
- 2
The only way you can get the price you want with SLM is with pending orders, going in or out 'at market' always gets requoted or slipped.
The one thing that i wish MT4 would do, is just take buy or sell orders, regardless of whether its a buy stop or buy limit, it really slows things down having to change order type, especially when price is around where you want to enter and cant get the order on because price moves to a point where the order type needs to be changed.
If price IS where i want to get in, then just enter 'at market' i hear you say...... dont be bloody silly, its MT4! lol
The one thing that i wish MT4 would do, is just take buy or sell orders, regardless of whether its a buy stop or buy limit, it really slows things down having to change order type, especially when price is around where you want to enter and cant get the order on because price moves to a point where the order type needs to be changed.
If price IS where i want to get in, then just enter 'at market' i hear you say...... dont be bloody silly, its MT4! lol
B
Black Swan
No I'm not down on them, I've actually done research on how stp/ndd/ECN works..
francisfinley
Established member
- Messages
- 902
- Likes
- 46
who do you suggest for MT4 EA's Black Swan?
IBFX seems to be one flavour on FF
I guess Oanda/Alpari is best of the rest?
B
Black Swan
I received a press release recently regarding how to measure whether or not a firm is true ECN, I might post it up and gather thoughts, it was quite provoking tbh...Simply gives a test which if the firm stacks up to they're true ECN, if not they're not..
I use IG for my more serious trading and I am using SLM for trying out new strategy ideas and basically giving me something to do while waiting for my set ups. It stops me from over trading through boredom. I sometimes use this account to quench my thirst to gamble (so I just could not use a demo account for these purposes). The funny thing is that I have only ever had one loosing day on SLM. I find it very easy to profit with them. This could well be because I have no pressure on this account.
Would I load up £50k in the account? I don’t know. Maybe gradually over a long period of time, as confidence grew with them.
I am trading currencies and commodities with them.
I nearly always enter pending orders, so I always get the price I want. This also slows me down to make more thoughtful decisions. On the occasions I enter at market on 5/15m t/f if the market is moving fast I could sometimes get a re quote but not often. If this happens and I still want in, I just click for a 2pip max deviation on entry price, job done. If I ever do this it is because the market is moving fast in my direction so it is no skin of my nose, in fact I look at it as an indicator!
Good points- Quick loading of charts, quick loading of different chart templates, multiple accounts, can use record keeping stuff like myfxbook, lots of indicators freely available, Good place to practice with small size, Excellent range of FX, Very good spreads on exotics.
Bad points – Not enough commodities, money markets, ETF and indices are covered.
In summery – I really like them, slightly untested with size though. At the moment I think the largest size I have had with them is £2 a pip. If my confidence grows with them I may start using them for bigger and bigger sizes.
Last edited:
Thank you Jason, pending orders, yes that explain why you don't get any re-quotes.
Not necessary, if the market isn't volatile you probably get a better price. However if the market is volatile you have to take the price in line of the setup of the internal deviation (which is not enough in my opinion).
busfarehome
Active member
- Messages
- 143
- Likes
- 2
I would certainly be interested in reading that press release if you do decide post it up.
The MT4 order ticket really sucks. It just takes too long and values can reset themselves. For example if you right click on the chart then select New Order it takes ages to get it correct. If you dont click EXACTLY in the right place then modify the price field before changing the lots the price field resets to what you clicked at. If price is anywhere near the entry you want you can just forget it. You may as well just enter at market and suffer the slipage.
Trading Gurus
Active member
- Messages
- 159
- Likes
- 2
Hi Mata,
I just happened by after a few month's absence, and it seems as though the same old people are still here complaining about the same old things. Doesn't anyone have anything better to do?
As far as I can see the EA you mention hasn't emerged as yet. As luck would have it I already have an EA available that logs MT4 ticks into a CSV file. Please let me know if anyone's interested in gathering a few facts instead of nattering on ad infinitum about nothing in particular.
Cheers,
Jim
I just happened by after a few month's absence, and it seems as though the same old people are still here complaining about the same old things. Doesn't anyone have anything better to do?
As far as I can see the EA you mention hasn't emerged as yet. As luck would have it I already have an EA available that logs MT4 ticks into a CSV file. Please let me know if anyone's interested in gathering a few facts instead of nattering on ad infinitum about nothing in particular.
Cheers,
Jim
Tenapenny
Experienced member
- Messages
- 1,005
- Likes
- 46
Yes, I received this earlier today.
"Dear Client,
I am writing to inform you that Smart Live Financial Services Ltd will be changing its name in the coming weeks to GKFX Financial Services Ltd.
Our FSA and companies house registration numbers will remain the same.
The reason for this change is cosmetic.
As we have grown globally as a company it has been apparent that some people have been confused by our name, so we have chosen a more generic name which as a brand going forward will be far more easily recognised throughout the world.
We will also be rebranding our logo and website along with this change. But apart from that you will not notice any changes.
Your account with us will automatically change to an account with GKFX Financial Services Ltd with the same terms of business.
We anticipate this change will happen on September 5th 2011.
If you have any questions then please do get in touch with our customer services desk at [email protected].
Regards
SLM"
The name immediately gave me a negative vibe, and then I realised why. Sounds like:
http://ftalphaville.ft.com/blog/2009/02/12/52403/dear-clients-of-gfx-please-accept-this-apology-for-the-way-this-message-is-being-conveyed-locked/
City of London Police’s Economic Crime Department has begun an investigation into GFX Capital Markets Ltd. On Monday 9th Feb 2009 a 60-year-old male was arrested in connection with this enquiry, which is still ongoing.
N
neil324
Been using these for 2 months plus, no problems. Had a 2 week break from trading and came back Tuesday this week. I only use instant executions and have had re quotes every day, some days i couldn't even enter trades at all it was that bad.
Time to move on.
Time to move on.
morgan_edge
Well-known member
- Messages
- 373
- Likes
- 93
Feed/connection is coming and going quite a lot for me this morning. Anyone else?
Will our password for withdrawing money through the smartlive website and stuff stay the same??
Will our password for withdrawing money through the smartlive website and stuff stay the same??
Trading Gurus
Active member
- Messages
- 159
- Likes
- 2
Hi Kyoto,
Apparently a new name was necessary because "Smart Live" has negative connotations with the gaming industry if you're in the Middle East. Perhaps they've never heard of GFX Capital in Dubai?
Cheers,
Jim
Apparently a new name was necessary because "Smart Live" has negative connotations with the gaming industry if you're in the Middle East. Perhaps they've never heard of GFX Capital in Dubai?
Cheers,
Jim
advfntrader
Established member
- Messages
- 739
- Likes
- 66
I am sure the name change is purely that. they are FSA regulated anyway