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- Paul4970 replied Dec 8, 2016
OK, my report
Reality of FOREX: my experience with brokers + share yoursAfter 1 month everything is going well with LMAX. Commissions are not bad, calculated on the currency traded, SWAPs are also fine with me. That's the expenses I'm willing to pay to have a good broker. My IB agent (from ...
- Paul4970 replied Nov 18, 2016
I am really not sure, but I can only think of that "credit" is granted usually by liquidity provider to prime broker, or directly by prime of prime broker. Prime brokers are for institutions, where trading 1 lot usually mean 1 million. So perhaps ...
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Nov 15, 2016
Today I've received a reply from LMAX that my account has been approved and it's ready for funding. I'll let you guys know how it is going. I'll trade through MT4 because LMAX platform doesn't have hedging function, also the amount of P/L is ...
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Nov 7, 2016
 British bank should be ok. But nowadays nothing is for sure. If outside really means UK, that's fine. But what exactly does it mean?  Outside Europe can mean many things. I'll carefully observe what Oanda does, if it's time to pull out of ...
OANDA Discussion
- Paul4970 replied Nov 2, 2016
Nice one! Only ...40mln? I've got to learn more about bogus orders
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Oct 29, 2016
Well, I'm with Asia Pacific division, so I didn't get that letter. But basically it says that no matter where your money is, it's better to be considered not completely safe. With FCA rules if the money is in segregated account as required by the ...
OANDA Discussion
- Paul4970 replied Oct 21, 2016
I did have 2 trades on GBPAUD going during that big Friday drop. Maybe my orders were filled before the highest volatility, I'm not sure as I was sleeping. But one SL was executed to the pip, another TP were also done exactly to the pip, which is a ...
OANDA Discussion
- Paul4970 replied Oct 15, 2016
 I was in GBPAUD trades. So on one and to on another were executed very well, no slippage, which is unusual for Oanda, since often they slip me 1 pip on each order, be it Sl or Tp. Surprisingly well.Â
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Oct 12, 2016
That;s very strange. Very. Especially giving the fact that LMAX is in the UK, hence GBP liquidity should be no problem. Unless their liquidity provider for GBP is a bank with some limitation or weird rules. I do take trades in GBPAUD and GBPJPY, but ...
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Oct 11, 2016
Thank you insomniawawa and shrike. I've received an aswer from my customer support at FairFxTrading, that the funds are absolutely segragated for customers like me. Also SWAP rates are not that bad. Surprisingly some market makers have much higher ...
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Oct 10, 2016
So my choice for 2 extra brokers is LMAX and ActivTrades. ThinkMarkets never called me back nor emailed me. With Oanda Asia-Pacific I have no problem so far. Once every few trades I get slippage on my SL or TP by 1 pip. Otherwise no slippage, but ...
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Oct 10, 2016
Thank you insomniawawa. I'll look into it. I've read about this IB somewhere. FxFairTrading are replying to my questions, and now I'll ask about the rebates. What I see from Cashbackforex web, "Government Enforced Segregated Accounts" LMAX status is ...
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Oct 7, 2016
I've just checked some things you were saying. Thank you! Yes, it's 1k deposit min.m and there are microlots with LMAX. I'm quite surprised. I found 3 IBs, it seems to me these 2: fxmtf, MTFsystems, are run by the same person, Polishman. Another is ...
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Oct 6, 2016
Thanks a lot. ActivTrades called me within 30 minutes of my request a callback. ThinkMarkets (ex ThinkForex) didn't call me, yet. I chatted with someone, she said they could arrange my account in the UK under FCA, since I'm not Australian. Between ...
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Oct 6, 2016
Thank you, I know. I trade with MM Oanda. Lmax would be good, but I need 1k lots, not 10k.
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Oct 6, 2016
from their website and also their guy told me on the phone: 1. The trade out level on your account is in place to help ensure you do not lose more money than your deposit. As an added safeguard, we offer Balance Protection Policy and will credit ...
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Oct 5, 2016
Yesterday I've talked with a representative of ActivTrades and I think I'll open an account with them. Good protection of clients funds. FCA and on the top of it additional insurance upto 500,000. All company is based in the UK and clients money are ...
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Sep 28, 2016
That is exactly what I'm looking for. Sorry, I meant Swissquote, not Swisstrade. Thank you for this information.
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Sep 27, 2016
And that's just sucks. That's the whole point looking for a secure broker - in case of anything goes, our funds should be secured. Are there any fx brokers that actually open a separate bank account for each customer?
Reality of FOREX: my experience with brokers + share yours
- Paul4970 replied Sep 27, 2016
Thank you TradingLife. Yes, I go to FPA now and then, but honestly, sometimes their recommendations make me wonder. Maybe the people on FPA look more into scalping and news trading? I've been with Oanda since 2008, since I trade on Daily timeframe, ...
Reality of FOREX: my experience with brokers + share yours