FXDD disaster - Page 2
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Thread: FXDD disaster

  1. #11
    Quote Originally Posted by ;
    I want to know why some traders choose market makers?
    Don't they know that banks, Financial Institutions, hedge funds, and Professional traders exchange forex with ECN
    Truly IBFX is as good as it gets for entering and departing. If they could just keep up their system. Minor issue. Well, except when you have a trade moving. It's fun!

    Scalp 'em and you will see why.

  2. #12
    Quote Originally Posted by ;
    I need to learn why some traders select market makers?
    Don't they know that banks, Financial Institutions, hedge funds, and Professional traders exchange Foreign Exchange with ECN
    You do not think there are any professional traders with market makers?

    ECN is not all it's cracked up to be IMHO. Just look to the current fine of 2 million issued to FXCM by NFA with CFTC probably in route.

    And yet fxcm is recorded twice FXCM active trader, FXCM Pro by you a couple of posts back.

    So how could ECN really be that great? It's rather like calling the kettle black.

  3. #13
    Quote Originally Posted by ;
    You don't believe there are any professional traders with market makers?

    ECN is not all it is cracked up to be IMHO. Just look to the current fine of $2 million issued to FXCM by NFA with CFTC likely on the way.

    And nonetheless fxcm is listed twice FXCM active trader, FXCM Pro by you a few posts back.

    So how can ECN really be that great? It is rather like calling the pot black.
    That is not anything for fxcm, they need to pay the outstanding positive slippage following June 2008, you will not get refunds for slippage, this is about outstanding positive slippage only.
    https://www.forexsoutheast.asia/cryp...t4-indior.html

  4. #14
    IBFX has been fined before too and it isn't important if it's nothing for fxcm.

    I am trying to say is that you have no benefit by using an ECN. They may be just as crooked as any other way to process transactions and fxcm's $2mil fine shows this clearly.

    If ECN is ideal for you who am I to say you shouldn't trade with ECN? Do what works for you, but do not put an ECN on a cloud as somehow being better than other options.

    IBFX is far from perfect but I know what to expect from them.

  5. #15
    Together with IBFX your order will continually be placed....even when price is running. . .with 0 deviation...I believe their 0 deviation is....zero once the price hesitates. To me this is a requote. It guarantees entry and exit.

    The thing that amuses me! I've tested more then 1 broker including a very well known ECN...I am sitting on a large amount of cash I need to bank with someone. . .IBFX had me. I have a small amount together with them. Twice, in 1 week, the machine has crashed at times. (I'd learned about this problem online...I've haven't been using them much so I did not view it)

    With IBFX you can set your own sl, sell stop, TP, quite close to the price. That's outstanding. All these benefits mean nothing if the machine is down in opportune times. (I do not exchange news.)

    I wish they'd get it all together. It would make my decision very simple.

    There is not a lot I hate in this lifetime....brokers are it....brokers are a couple of steps down from used car salesmen and lawyers. Congrad's men....you've been upgraded. Including ECN's....they are a little better and the spreads are lower. They're like the pond scum. Most are lower. They blame you and will rarely admit anything and your mom for any problems. If you ever get's it. . .they're going to rise into the top like cream. Word spreads fast.

    FXDD postponed requote windows are easy to prove....when you've got two brokers open. . .one has it and another does not....in electronics it's called....all issues have to be common.

    Quote Originally Posted by ;
    IBFX has been fined before also and it isn't important if it is nothing for fxcm.

    I am trying to say is you don't have any advantage by using an ECN. They can be just as crooked as any other way to process transactions and fxcm shows this clearly.

    If ECN is right for you who am I to say you shouldn't exchange with ECN? Do what works for you, however do not put an ECN on a cloud as being better.

    [size=3]IBFX is far from ideal but I at least know exactly what to expect from...

  6. #16
    Quote Originally Posted by ;
    There isn't a lot I hate in this life....brokers are it....brokers are a number of steps down from used car salesmen and lawyers. Congrad's men....you've been upgraded. Including ECN's....they are somewhat better and the spreads are reduced. They're such as the pond scum. Most are reduced. They will seldom admit anything and blame you and your mother for any issues. If one get's it. . .they're going to climb into the top like cream. Word spreads fast.
    Yeah finding someone who plays fair 100% is like being 5 yrs old and becoming your first lesson of what the real-world
    resembles.

    The gap with IBFX is being able to prove it's them. It is called the dirty little trick no one can establish 100%, but you have the likes of FXCM who take action directly in front of your face and get fined $2 mil. lol.

    Money is the root of what evil and then when you get caught with your pants down you are needed to use that evil vehicle to right your wrong doing, how ironic is that?

    No admission of guilt only pay up.

    Naivety and FX do not blend and if they did it'd be one wicked cocktail.

    I think you're a bit too nice: brokers are the scum that the pond scum feeds the only reason they exist is so that the pond scum has something to consume.

  7. #17

  8. #18

  9. #19
    It is always interesting to read this stuff....

    100forex brokers actually urges FXDD for scalping. That says it.

    PFG best get's some temptations also. I am not impressed by their customer services. I am always doubtful if they do not have an 800 number to the desk. Says tight ass to me. I have heard good and bad about these. I called customer support and attempted to get to my sales rep and they didn't wish to move me. I was like....what the heck is that!!! A new client and you can't move me....eventually they did. How are you going to treat me if you have my cash?


  10. #20
    Welcome to the forex world of pass the buck.

    I just recently tried to start an account with CitiFX pro and they claim I do not satisfy their requirements. I then asked them what are their needs and they couldn't answer me... this went on for a good 15 mins of me tongue lashing them in an inch of their life. They really don't have any reason good enough not to accept me.

    I have tons of money to fund the account am probably more liquid than 90% of the overall population, Own my own company, very little debt and that is not good enough for them.

    If they could have told me exactly what their needs are I could justify it and do exactly what they require so that I could open your account, however they just won't tell me exactly what their needs are specifically. So maybe they're scared of me? Maybe I am just too good for them. I don't know the answer yet but I'm trying to consider it from all angles.

    Can they look at the demonion I ran for the previous month and say oh this man is too good we would get our sorry little bank underwear in a wad? What do they look at that decides yeah or nay? Anyone have any experience with CitiFx Pro account opening?

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