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  • #4,181
  • Jan 30, 2015 12:47am Jan 30, 2015 12:47am
Quoting Tim_isoara
{quote} LMAX, trade against you? What is your opinion? {image} Is your LP.But is not a market maker is a MTF.
Guys, LMAX is a market maker, or at least they get some kickbacks from the LPs. Talk to the guys who have actually made money there and then have been nicely asked by LMAX to close the accounts afterwords. If any LMAX troll here starts to say otherwise then mention couple of words for them like shitty broker Admiral Markets and GKFX which both have had "problematic" clients in LMAX-s eyes.

LMAX is very sensitive to news traders who trade profitably. They have even monitoring techniques available, which monitor at what second the trade became profitable and if it becomes profitable from the very first second and this happens a lot (like in the past with Superscalper EAs) then you are forced to leave LMAX.

So if you trade with a constant loss, please go to LMAX. If you are serious trader, then look for other places.
  • #4,182
  • Jan 30, 2015 1:32am Jan 30, 2015 1:32am
Quoting BobbyStar
{quote} Guys, LMAX is a market maker, or at least they get some kickbacks from the LPs. Talk to the guys who have actually made money there and then have been nicely asked by LMAX to close the accounts afterwords. If any LMAX troll here starts to say otherwise then mention couple of words for them like shitty broker Admiral Markets and GKFX which both have had "problematic" clients in LMAX-s eyes. LMAX is very sensitive to news traders who trade profitably. They have even monitoring techniques available, which monitor at what second the trade became...
Best spreads I have seen from a MM but I am just a newbie so I wouldn't know as much as someone experienced like yourself.
Attached Image (click to enlarge)
Click to Enlarge Name: Lmax_MM.png Size: 23 KB


Please could you tell me more about these monitoring techniques? Is it a software or do they employ people to sit and watch us trade?
  • #4,183
  • Jan 30, 2015 1:33am Jan 30, 2015 1:33am
Quoting BobbyStar
{quote} Guys, LMAX is a market maker, or at least they get some kickbacks from the LPs. Talk to the guys who have actually made money there and then have been nicely asked by LMAX to close the accounts afterwords. If any LMAX troll here starts to say otherwise then mention couple of words for them like shitty broker Admiral Markets and GKFX which both have had "problematic" clients in LMAX-s eyes. LMAX is very sensitive to news traders who trade profitably. They have even monitoring techniques available, which monitor at what second the trade became...


I have an account with LMAX
Not my experience so far....



==> LMAX is very sensitive to news traders who trade profitably. They have even monitoring techniques available, which monitor at what second the trade became profitable and if it becomes profitable from the very first second and this happens a lot (like in the past with Superscalper EAs) then you are forced to leave LMAX.


What is your source? Thanks


==> shitty broker Admiral Markets and GKFX
Yes indeed
  • #4,184
  • Jan 30, 2015 1:41am Jan 30, 2015 1:41am
Quoting mitch77
{quote} Best spreads I have seen from a MM but I am just a newbie so I wouldn't know as much as someone experienced like yourself. {image} Please could you tell me more about these monitoring techniques? Is it a software or do they employ people to sit and watch us trade?
They use specific purpose-built software at LMAX to pick out profitable strategies and traders. They are even so capable as to pinpoint specific traders in the vast client flow of medium-size brokers. They call the profitable clients as "toxic flow".

Again, if you trade small, then LMAX with its minimum Level 1 liquidity will work for you until you become profitable. If you, on the other hand, trade with serious volume and are profitable then you can find out the outcome yourself. I personally prefer Oanda over LMAX, because of it's vast liquidity and no monkey business. Of course my spreads are wider with Oanda but I like consistency in the terms and quality of the execution that I get from a broker.
  • #4,185
  • Jan 30, 2015 1:50am Jan 30, 2015 1:50am
Quoting Mingary
{quote} I have an account with LMAX Not my experience so far.... ==> LMAX is very sensitive to news traders who trade profitably. They have even monitoring techniques available, which monitor at what second the trade became profitable and if it becomes profitable from the very first second and this happens a lot (like in the past with Superscalper EAs) then you are forced to leave LMAX. What is your source? Thanks ==>
I was LMAX client myself using Thor, Superscalper, FXSplitter and some other self-modified profitable EAs and I was kicked out. Regarding shitty brooker Admiral Markets then I know the ex-country manager of theirs in one Western European country who told me these stories. With one large profitable client Admiral even went that far that started mixing his flow with some shitty guys from the B book to hide the trades. Of course it didn't work. They used to have a 5M EUR clearing account with LMAX and as far as I know they have also left LMAX now. I don't want to throw shit at LMAX but I think people should know that they are not exactly what they claim to be. So I stick to Oanda.
  • #4,186
  • Jan 30, 2015 3:25am Jan 30, 2015 3:25am
Quoting Price
{quote} Same time of day, same situation. Multiple disconnects- over and over. It's up for 2 minutes and takes 5 minutes to reset. Anyone else having these problems??
No. I have open, fxtrade and MT4.
But ask on livechat, to resolve the problem
  • #4,187
  • Jan 30, 2015 4:42am Jan 30, 2015 4:42am
Quoting BobbyStar
{quote} I was LMAX client myself using Thor, Superscalper, FXSplitter and some other self-modified profitable EAs and I was kicked out. Regarding shitty brooker Admiral Markets then I know the ex-country manager of theirs in one Western European country who told me these stories. With one large profitable client Admiral even went that far that started mixing his flow with some shitty guys from the B book to hide the trades. Of course it didn't work. They used to have a 5M EUR clearing account with LMAX and as far as I know they have also left LMAX...

Good info, thank you.
  • #4,188
  • Jan 30, 2015 5:01am Jan 30, 2015 5:01am
Quoting BobbyStar
{quote} I was LMAX client myself using Thor, Superscalper, FXSplitter and some other self-modified profitable EAs and I was kicked out. Regarding shitty brooker Admiral Markets then I know the ex-country manager of theirs in one Western European country who told me these stories. With one large profitable client Admiral even went that far that started mixing his flow with some shitty guys from the B book to hide the trades. Of course it didn't work. They used to have a 5M EUR clearing account with LMAX and as far as I know they have also left LMAX...
So this Multi-lateral Trading Facility is totally bogus ?
  • #4,189
  • Jan 30, 2015 5:22am Jan 30, 2015 5:22am
Quoting Mingary
{quote} So this Multi-lateral Trading Facility is totally bogus ?
Not totally, but if they allowed toxic flow then the LPs wouldn't take part and they would be out of business.
  • #4,190
  • Jan 30, 2015 6:11am Jan 30, 2015 6:11am
Quoting euclid
{quote} Not totally, but if they allowed toxic flow then the LPs wouldn't take part and they would be out of business.
Toxic flow ?
  • #4,191
  • Jan 30, 2015 6:31am Jan 30, 2015 6:31am
LMAX is allegedly number one ranked FX Broker on Trade2Win forum.
Go figure..
  • #4,192
  • Jan 30, 2015 9:05am Jan 30, 2015 9:05am
Quoting Tim_isoara
{quote} No. I have open, fxtrade and MT4. But ask on livechat, to resolve the problem
I have had no problems this morning either. I am in the US and had my platforms open all night. FXtrade and MT4, also on my iphone. Also executed trades without problems. This is with Oanda, just to clarify.
  • #4,193
  • Jan 30, 2015 12:40pm Jan 30, 2015 12:40pm
Quoting Mingary
{quote} Toxic flow ?
Biggest load of bullshit I have heard for a while
  • #4,194
  • Jan 30, 2015 12:53pm Jan 30, 2015 12:53pm
Quoting mitch77
{quote} Biggest load of bullshit I have heard for a while
Probably, but what is it ?
Enquiring minds want to know (;
  • #4,195
  • Edited 5:11pm Jan 30, 2015 4:56pm | Edited 5:11pm
Quoting Ace_1
Therefore, I have just now sent in a request to have Oanda send my entire trading account money back to me. If in a month or 2 from now Oanda has absolutely proven to me to have survived the CHF tsunami - and I have finished retooling my trading system - then at that point I will once again deposit funds into Oanda. I will report back here how smoothly - or not so smoothly - it goes in regards to receiving my money from Oanda. In other words, we will soon see if the CHF tsunami is keeping them from sending money to those of us that request a withdrawal....

I promised to report back here my experience of receiving my withdrawal from Oanda in the aftermath of the CHF tsunami, and this is my report:

Well, I did finally receive my money after a few slightly nerve-wracking issues slowed down the process. First of all, after I made my withdrawal request, Oanda emailed me and said:

Your request has been denied. We regret to inform you that we are currently experiencing technical difficulties with our check outsourcing service with our banking partner. As a result, we have cancelled your check withdrawal request. As an alternative, we are pleased to return your funds by wire transfer at no cost. At your earliest, please login to the Funds Management System to submit a wire withdrawal request. When submitting your request, a wire fee will appear by default but will be waived during transaction processing.

I was annoyed after reading that, but I went ahead and submitted my wire transfer withdrawal request and I waited for my funds to arrive in my bank account. Well, 4 days later (including the weekend) I got another email from Oanda. This time they told me they didn't have my bank records. I was perplexed because I knew I had already sent my back records to Oanda several months ago. I started to get a bit worried that they were trying to play the tricks that we always hear that the forex brokers like to do. I was beginning to wonder if maybe the CHF disaster might be behind the road-bumps I was getting from Oanda. But instead of going round and round with them about this issue, I went ahead and sent my bank records (again) as they requested and therefore they could wire me my funds. The next day I got an email from Oanda that said: "Your withdrawal has been debited from your FXTrade account."

Okay, I'm now thinking, "great!". I immediately checked my banking account and ... it's not there. So, I now am wondering what happened. I then figured it might not officially hit my bank account until the next day. Okay, the next day I check my bank account and there was a note at my bank account page saying something to the effect that my account info was "temporarily unavailable" due to some sort of problem they (my bank) were having. This added to the nerve-wrackingness that I already had with the road-bumps I experienced the past few days with my funds withdrawal. So I had to wait another day for the bank to solve their issue. So now, the following day, I again checked my bank account and FINALLY my money made it to my bank account!

So the bottom line is that the CHF tsunami didn't swallow up Oanda after all. lol. I requested my money after the CHF disaster and did eventually receive it in my bank account. I know many here never were worried about Oanda in the first place, but I promised to report back my experience of a withdrawal after the CHF tsunami, and I like to keep my promises.

As a side note: I did decide to leave a small amount of money in my account, just in case I wanted to make some small trades while my main trading system is being revamped. I said previously I planned - at some point - to re-deposit all my trading money back into Oanda, but I don't know now. I'm really fed up with the low leverage and all the other restrictions placed upon the U.S. brokers and therefore I most likely will be trading my main account with an offshore broker (when I am confident enough with my new trading system then I will do so).
"Dream big and dare to fail." - Norman Vaughan
  • #4,196
  • Jan 30, 2015 10:52pm Jan 30, 2015 10:52pm
Quoting Ace_1
{quote} I promised to report back here my experience of receiving my withdrawal from Oanda in the aftermath of the CHF tsunami, and this is my report: Well, I did finally receive my money after a few slightly nerve-wracking issues slowed down the process. First of all, after I made my withdrawal request, Oanda emailed me and said: Your request has been denied. We regret to inform you that we are currently experiencing technical difficulties with our check outsourcing service with our banking partner. As a result, we have cancelled your check withdrawal...
Hmmm. I still find it amazing that my offshore "unregulated broker always has my funds in my account next day. While the US brokers sending from US to US take so much longer. I still don't get why anyone is trading with US based brokers. I know, I know, regulation that does nothing to protect you, no segregated accounts, low leverage, FIFO and no hedging. All the reasons to stay.
  • #4,197
  • Jan 31, 2015 3:52am Jan 31, 2015 3:52am
Quoting Profit Daily
{quote} Hmmm. I still find it amazing that my offshore "unregulated broker always has my funds in my account next day. While the US brokers sending from US to US take so much longer. I still don't get why anyone is trading with US based brokers. I know, I know, regulation that does nothing to protect you, no segregated accounts, low leverage, FIFO and no hedging. All the reasons to stay.

Any my good alternatives?
  • #4,198
  • Edited 9:40am Jan 31, 2015 8:59am | Edited 9:40am
Quoting Mingary
{quote} Probably, but what is it ? Enquiring minds want to know (;
toxic flow=winners
  • #4,199
  • Feb 1, 2015 5:28am Feb 1, 2015 5:28am
Quoting verv
{quote} Any my good alternatives?
Nope. Every broker you hear about has a string of nastiness behind them. Really off-putting.

Horrible thing about Oanda are the wide spreads. It's difficult to feel the market this way. Granted there are no commision fees and so you are encouraged to trade more (scalping sense) which again is a bad habit. Because of the wide spreads you aren't exactly trading a market as it really is. Not that the service provided is a synthetic market to begin with.
  • #4,200
  • Feb 2, 2015 2:11am Feb 2, 2015 2:11am
Quoting Salsoolo
{quote} toxic flow=winners
Why is it toxic (to the broker) ?
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