If you're trading timeframes you might chart off of Mt4 and trade interactive's software. It gets harder once you're trading on lower timeframes and using automated systems. I hear that they can be buggy if you want a fantastic feed although there are a few bridges available involving mt4 and interactive.
I do not have faith in almost any broker. Best to spread your money around with brokers until you have enough to get a account.
alrighty thanks. . What are the advantages of a custodial account?Originally Posted by ;
Their spreads are not tight. I've discovered a couple of occasions they widened the spreads to more than 10 pips during news period. And the connection drops.
Did anybody's ATC MT4 platform for the account stop receiving quotes about New York time?
Really my orders had passed into the FXCM server, when FXCM came back and have been implemented. They were buy orders coming from bullish news. Additionally, I attempted to shut a order 3 days, and actually I opened 3 buy orders, because a market close order is a buy order of the identical quantity.
It was that I couldn't observe the results of the orders in my MT4, but once I checked into the FXCM account, each of the orders were there and that I involuntarily made a nice win.
ATC had also losing orders such as mine, (I imagine a trader attempting to shut 3-4 times a buy order and that turning in launching 2-3 short orders) and attempted to ask FXCM to cancel these, while it attempted not to cancel mine. The accidental quantity of my orders has 5 times smaller than the real amount though, but I kept both, while 'fair' is to offset at lest the accidental, because the other accidental loses were also credited back to shedding traders by FXCM.
The FXCM logic, as I know in my conversation with ATC is: Why should we repay the shedding customers, while leaving winning ones with all the cash? All of these must be cancelled, if we want to cancel trades.
Furthermore, I'd have exited my transactions way earlier than they actually closed. ATC closed those manually about 1.5 hours after the attempted, while my original intent was to remain in there for 2-10 minutes.
My MT account was showing a reduction, and my FXCM account was demoning a nice win, ATC explained that it'd try for me to keep all the $, and I had been after a week informed that it had been OK, and they made a replica of this amount in my FXCM account with this on the MT4 platform.
It has been two weeks since the last post. I hope some busy trader using a account may give some insight as you can find problems mentioned in earlier posts over how trading moves. Please share some information about connectivity, orderfills, slippage, execution delays or anything, positiv and negativ. I find that spreads widen after NY close, gj goes from approximately 2 to 5-7 pips, does this last through the portion of the oriental session is that just around roll over time? Someone also mentioned trades/orders didn't encounter in atc mt4 while being executed on fxcm, is that something rare or does that happen?
I'm considering to start an account with atc or lmax, from what I find they have similar spreads. Lmax commission is lower, but if considering their order book/depth I find that many times the very first next available price is a bit .5 pips lower/higher for gj whenever there is sometimes just 500k at the current quote. Therefore, in the event that you execute a transaction and a number of others are facing you, you'll find a image that is different about the offered spreads? I don't know the tradeble and depth size at the current atc quote to be honest.
Hope someone can give an objective opinion.
Due
Is it possible to become ECN using MT4???
Hello, I have an account on both these brokers.
It is dependent upon your trading style. Slippage is both in LMAX and ATC, it is a normal market requirement. I have noticed more slippage on my stop orders on ATC though, it is surely greater than the LMAX one, and also the difference in execution speed is the reason.
On the other side, if you trade less liquid hours such as from the Sydney or Tokyo session, then the spreads are tighter with ATC and there's more liquitidy.
LMAX is very good for trading from the London opening till the NY close. But while hours, they have less liquidity and higher spreads compared to ATC. On the opposite side they cost less.
If you trade during news releases LMAX's spreads will require more time to 'tighten' compared to ATC spreads. Actual example: NZD/USD commerce, 15 following the news were out. I did it with 4 pips on ATC and also 15(that hurt) on LMAX. After 2LMAX gradually reduced the spread.
Also, LMAX during news releases were that the spreads are wider than a threshold they won't allow you to trade, the ticker will be greyed-out and also any stop orders will not be triggered during those few moments . That condition normally lasts based on the bandwidth LMAX has and the news. The cause of that is that prior to any major news release liquidity suppliers, afraiding they won't be able to hedge their positions and the spreads are broad.
LMAX's ececution time is for traders. ATC's is not. Average fill time with LMAX is miliseconds. You should notice this if execution speed is of any consideration. On the other side, ATC with MT4 or TS is much much slower. 2 seconds is not rare for an order to get filled and I have had up to 6, which is unacceptable for a market order. As you are most likely aware MT4 in regards to execution sucks. Bigtime.
LMAX's charting is not suitable, but for me at least. They offer a multicharts connectionand they will rebate you with $100 each month if you keep your account balance over 5000$ and perform greater than 500 LMAX contracts (500 10K lots). That will suffice to cover the Multicharts montly fees. Still, pairs such as XAU/USD draw incorrect candles that touch clutter and 0 all the chart and you need to go to edit the data manually.
They're about even in support stipulations. Same with funding/withdrawing.
Spips, thanks for your answer, much appreciated!
Spips: do you actually get these greyed out quotesto broad market? I've not ever seen this at the majors. Althou I don't see minor crosses. Do you find that in MT4 or the web-platform?
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