Forex trading group
I am not sure about magnatis finance as I have not heard of them before. I think it would be better if you go with brokers who do not have a licence to B book such as Sensus Capital. ECN brokers is very likely to use B-book techniques as their device allows them to do that.. That is not exactly true. How to avoid or minimize slippage in Forex trading Abundance Trading Group.
Hi Linton, what are these like in terms of being A or B book? The last three are from New Zealand. I understand that stoploss and take profit EA can be used to hide your stoploss and take profit target from price manipulation from B book broker. How does it work, can you elaborate on this. By the way, all the brokers on our website do not engage in price manipulation. A book Global Prime: A book FxOpen AU: Forex Books Trading forexsoft.
Books On Forex Trading forextime. Books On Forex Trading forexcamp. Forex Good Books forexsoft. Order Book Trading Forex forextips. Books About Forex Trading currencytrade. Forex Trading Vs Options Trading forexbank. No markup on spread 4. No stop loss hunting 5. Guarantee no negative account balance. I would recommend Tickmill. However, minimum lotsize is 0. Max leverage is As for a broker that meets all your criteria.. I am currently searching for brokers that meet your criteria.
Drop me an email at linton abundancetradinggroup. Hi, Very nice and helpful article. But now I am wondering how B booking works on cTrader. I also saw the screenshot of cBroker provided by IC Markets that shows clients are grouped in B book.
How does this work? There is no disadvantage to be categorized in B book in this case? This is not true. Clients can be b-booked under cTrader as well. These are all old tricks of the MT4 platform, which very few brokers use nowadays. Dealing desk intervention is impossible, guaranteeing you a level trading field that helps you reach your trading goals. By that, they mean that the broker cannot intervene in the execution of your trades.
However, they can still take the other side of your trade B book. Still I feel there is no cause for concern. If the broker takes the other side of traders positions are their trades filled in house? Or all trades are filled in ECN even if traders are b-booked and in addition brokers place orders for their own profit?
To be honest and I not sure of the right answer and can only make a good guess. My guess is that trades are filled via ecn and then the broker opens addition positions. Because, if the trades were filled inhouse, you would not receive any slippage. Still I dont think this seems correct. There should be another way where the broker can B book you while simulating real life fill conditions. I consider between global prime and dukascopy, and wondering, since the commision of global prime quite high.
Whats different between dukascopy Swiss and dukascopy Euro? Thanks for dropping by! Ducascopy is marketplace model like stock exchange , where traders can see their own bids and offers in the depth of market when they place a limit order , while bids and offers limit orders Global Prime are executed as a market order when the price is triggered. Global prime offers liquidity receipts to traders to show them they who was the liquidity provider who filled their trade.
Hi there, I am a late arrival here. Looks like a descent firm on the surface. Do you have an opinion? By the way I love Singapore, I was there a few weeks ago visiting a fund manager friend based in Singapore. I feel fortunate to reside in Singapore too. We also offer discounted commissions If in the future you would like the For the other brokers, you will be able to find out by checking through their customer agreements or legal documents on their website.
Thanks, Linton, for the valuable services you are providing us private fx traders. I have been trading for many years, and I have not seen a broker who does not hunt SL. That has been the reason I could not sign up with them a couple of years ago. You can get a stop loss or TP stealth EA here: However, to be honest with you, all the brokers on my website do not hunt stop loss. You can consider opening a free account with them. Ducascopy still does not offer MT4, but they provide a third party bridge to use MT4 to connect to their Jforex platform.
Instaforex is most likely B book, and they will send their consistently profitable clients to A book. If you would like to increase your know-how simply keep visiting this web page and be updated with the newest news posted here.
I like the valuable info you provide on your articles. I am rather certain I will be told many new stuff right right here!
Best of luck for the next! Hi Linton, what about Purple Trading former Axiory broker? Thanks for your opinion. I believe these brokers are not pure A book, because if they were, they would proudly advertise it, like Global Prime.
Hi Linton, many thanks for sharing broker types. I have another few brokers, could you please let me know are they A or B types? Just to be doubly sure, you can read their legal documentations on their website, the one most people ticked that they read the terms and conditions of the agreement when they signed up for the broker. In there, it will usually say whether the broker can trade against you or not. We have recently launched our A Book Trading Brokerage, and would like to get our brand out there.
Our website is http: Let us know what you think. In FXCM began using the "no dealing desk" system of trading, stating that all customer trades were made with independent market-makers and that there would be no conflict of interest between FXCM and their customers.
The increase was in response to the failures of some forex brokers, and it allowed FXCM to acquire new business from some of its smaller competitors who either ceased all operations or moved out of the US. When our customer executes a trade on the best price quotation offered by our FX market makers, we act as a credit intermediary, or riskless principal, simultaneously entering into offsetting trades with both the customer and the FX market maker.
We earn fees by adding a markup to the price provided by the FX market makers and generate our trading revenues based on the volume of transactions, not trading profits or losses. The following year, in February and March , several class actions lawsuits were filed against FXCM, alleging fraud and racketeering from deceptive and unfair trade practices, and misleading shareholders during the IPO. On October 25, , three debtors, Certified, Inc.
The complaint seeks an unspecified amount of compensatory and punitive damages, interests, and costs. FXCM promised its customers a "no dealing desk" trading system, taking prices from a number of major banks and market makers. This system allowed clients to trade the best price at any given time. This is also known as a direct market access DMA system, in contrast to a market maker system more commonly used by forex brokers. In a "dealing desk" or market marker system, FXCM would be the counterparty to every trade and would profit only when its customers lost money, and would lose money whenever its customers profited.
In a "no dealing desk" system FXCM would act simply as a broker , getting a commission on every trade, while the banks and market makers took the risk on the trades and FXCM avoided a conflict of interest. The Commission found that a closely related company was acting as the main market maker for its trades, and that FXCM lied to its customers about the market maker.
FXCM no longer advertises the "no dealing desk" system on its main website, but continues to advertise it on its UK website. On April 27, Leucadia National Corp.
Four class action suits against Global Brokerage by shareholders were consolidated in the U. On June 6, Effex Capital, the closely related company indicated in the complaint filed in February, filed a libel case against NFA.
The Convertible Notes mature on June 15, At that time, we will be obligated to repay the aggregate principal amount of the Convertible Notes. We may not have enough available cash or be able to obtain financing at that time to meet our repayment obligations. Critics of the industry state that few retail traders have the experience to make money trading forex. From Wikipedia, the free encyclopedia. Commodity Futures Trading Commission. Retrieved September 14, Retrieved May 18, Retrieved November 21, Retrieved December 13, Retrieved May 25, Retrieved February 23, Retrieved February 24, Retrieved February 26, Retrieved April 17, Retrieved February 7, Securities and Exchange Commission.
Retrieved March 20, Retrieved April 16, Retrieved May 5, Retrieved May 17, Retrieved May 23, Retrieved May 19, United States Securities and Exchange Commission. Retrieved July 18, Retrieved November 23, Retrieved 10 October