Why different prices on different brokers' platform? 5 replies
Does anyone know a broker that doesn't freeze the MT4 platform 24 replies
Web Platform vs. Downloaded Platform 2 replies
Odl Platform Seem's to be freeze...??? 4 replies
Looking for brokers that like to REQUOTE/FREEZE their platform 1 reply
DislikedIt often happens due to your system configuration, or system overuse, never run another application in the system you are trading. Most platforms use java which needs more ram.
Then it might be due to the markets high pressure, if you are trading during peak time or during news release while the time taken by the platform will take take extratime in fetching data.
Last reason would be bugs both in the platform and in your computer.Ignored
DislikedThe biggest offenders so far are FXCM, MBTrading and Oanda, so the million dollar question is why?
I do know its not account specific so why freeze all clients at once? (not that its right to do so to even 1).
I can also understand market makers doing this, but why would ECN/STP brokers do it?Ignored
DislikedFirst of all, and most important fact behind the answer is are they real ECN/STP???
If those brokers are real ECN they will execute your order at the market price available at the venue of execution, cause if they are an ECN/STP that means there is a venue of execution.
Freezing platform could be a user specific problem too, i agree on that.
But trust me, i cannot call any broker an ECN, and especially STP before i know where my order is executed and with whom. All those
Regards,
StreamIgnored
DislikedIndeed. If the ECN is real, you can either get slipped, partial filled, or not filled at all at major news release times when liquidity can disappear.
Watch an ECN at NFP time for example. You will see spread on eur/usd for example spike up to 20 or 30 pips momentarily. A fixed spread market maker simply cannot fill over leveraged news "traders" with a 2 pip spread when the real spread is 20-30 pips and continue to operate as a broker for long. So, they disconnect, delay, requote or play other tricks in order to protect themselves. I don't...Ignored
Disliked
I don't buy the java takes more ram to run excuse. If you have a PC made after the year 2000, you will have more than enough power to run a simple java platform reliably.Ignored
DislikedThe biggest offenders so far are FXCM, MBTrading and Oanda, so the million dollar question is why?
I do know its not account specific so why freeze all clients at once? (not that its right to do so to even 1).
I can also understand market makers doing this, but why would ECN/STP brokers do it?Ignored
DislikedMM brokers can and do freeze thier platforms on purpose from time to time. Why??? Simple. They need to reduce their risk. Most offer garenteed fills up to a cirtain amount (I think Oanda is about 20mill) on any price they are quoting (providing you are quick enough to hit the quote). If the market is going nuts, then it starts to get very hard for an MM to determine a good price to quote. They generally need to offset risk they take on with thier liquidity providers (their risk is all orders that are not matched in house), but sometimes their...Ignored
Dislikedlet me reassure you that every broker playing games will go bust and take whatever money you have left with them, its pretty sad when you have to make up theories on why its ok to commit fraud, NEVER should you deal with a broker that executes your trade based on market conditions and you will learn one day that regardless what a broker says if they are market makers you are doomed to fail I dont care who you areIgnored
DislikedUmm, hardly fraud buddy. They are totally within thier rights to not offer you quotes if they do not feel they can cover the risk elsewhere. And reputible market maker brokers are a legitimate option for any trader of any size. I hold very large accounts with Oanda and have traded with them for many years. Sure, there have been issues from time to time, as with all other brokers I have used, but I have been happy with most of the resolutions and am verry happy with the broker as a whole.
But keep on towing that 'all market makers are evil...Ignored
Dislikedif you traded even 5 months in forex with a real account you would not be saying what you are saying, the song you sing is a demo account user song that had a bit of luck, as far as what I meant with "NEVER should you deal with a broker that executes your trade based on market conditions" it means if there are looking to buy EURUSD at a dollar and there are sellers looking to sell for a dollar, your broker has no business putting things on hold while he sets himself up over there to make sure his interests are put first, I worked in a firm that...Ignored
DislikedYeah, that is my whole point. Sometimes there is a buyer looking to buy for a dollar but no seller looking to sell for a dollar. In this case your broker will fill your order and offset the risk they have taken on with thier liquidity providers. If they can't offset this risk, then they are putting thier accounts in danger. Do you really think they want to freeze the platforms??? They make money when people are trading, they make nothing when their platform is down and they piss off thier clients at the same time.
But hey, what do I know?...Ignored
DislikedAll FXCM clients have the benefit of receiving positive slippage on NDD forex execution dependent on liquidity, and we provide stats on positive/negative slippage here http://docs.fxcorporate.com/faq/slippage-statistics.pdf . It's something every trader should check on their trades.
-JasonIgnored