Dukascopy vs FXOpen ECN - Page 2
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Thread: Dukascopy vs FXOpen ECN

  1. #11
    So what is the take on this?? Is FXopen a scam shop?

  2. #12
    Quote Originally Posted by ;
    so what is the take with this?? Is FXopen a scam store?
    Not always, but there are a few things that don't sound quite nicely.

    The purpose is that Shing from Dukascopy into FX open is similar to going backward. Specially if the sole purpose is for much better spread... that I'm sure it's just theoretically because comparing a presentation with a true account. Indirectly I found out that fxopen might not have same price feed to their presentation as well as the real accounts. ( see this thread that is unrelated. . There an FxOpen customer claim that Demo and real can have as much as 5 pips difference https://www.forexsoutheast.asia/cryp...-high-low.html )

    Dukascopy Bank is among the very best choice were to transaction if our funding grows. At a certain amount of investment, deposit security ought to be the most significant part our trading.

    J.

  3. #13
    Quote Originally Posted by ;
    Not necessarily, however there are a number of things that do not sound quite nicely.

    The purpose is that Changing from Dukascopy into FX open is similar to going backward. Specially if the sole purpose is for much better spread... which I'm sure it's just theoretically considering comparing a demo with a real account. Indirectly I found out that fxopen might not have same price feed to their demo and the real accounts. ( see this unrelated thread. . There an FxOpen client claim that Demo and real can have as much as 5 pips gap https://www.forexsoutheast.asia/fore...artingale.html...
    Of course live and demo have various prices. Demo has infinite, simulated liquidity, whereas a live account has real liquidity requirements. Digital Liquidity along with other demo traders at the publiion. Dukascopy and FXOpen will be the exact same in that regard.

    As for for security of capital in Australia, you can find lots of legislation to defend you and you are aware that FXOpen complies with ASIC guidelines RG212 which deals with the way client funds are held and used and what is done with said monies should the broker go bust. ie. The customer gets his cash prior to any lawyers or liquidators can touch it. Not to mention we in FXOpen AU have the full support of our buddies at FXOpen NZ that's a huge company in it's own right.

  4. #14
    Quote Originally Posted by ;
    stay away from Fxopen

    see this case:

    http://www.forexpeacearmy.com/forex-...my-proofs.html

    1. You may learn they will refuse to assume any responsibility for any technical problem.

    2. Tighter spread maybe by adding a few LP however, you will learn they are not a true ECN (post#22 23)
    I would not strongly think this resourse. 40% are artificial really

  5. #15
    Quote Originally Posted by ;
    Of course demonion and live have different prices. Demo has unlimited, simulated bandwidth, whereas a live account has real liquidity requirements. Virtual Liquidity along with demonion traders in the publiion. Dukascopy and FXOpen are the exact same in that regard.

    As for for safety of capital in Australia, you can find plenty of legislation to protect you and you are aware that FXOpen complies with ASIC guidelines RG212 which deals with the way client funds are held and used and what is done with stated currencies should the broker go bust. ie. The customer gets his cash before any...
    WOW, it's the first time that the Broker representative admits to price manipulation in their platforms.

    I mean, the prices that are quoted in the ECN already reflects the worldwide liquidity. That is the reason they change, spike or whatever.

    So, you mean to tell us that FXopen doesn't quote those prices to their clientele?

    Could you explain from where Fxopen get the price that fed the demo accounts? Your statement that depends of other demo traders in the novels is somewhat absurd. If that was the case... that the Eur/Usd could be some 1000 pips away from real worldwide quotes.

    If FXopen feed the demonion with straight true quotes in the ECN, and then quotes distinct price to Actual accounts clients, then FXopen is manipulating the price on real accounts.

    When Fxopen feeds the ECN quotes straight true the real accounts, and also the quotes in the demonion are distinct, then FXopen is manipulating the demonion quotes... that will render the demos useless to ck spreads or some other kind of testing.

    Which one is it?

    Dukascopy doesn't work like that. The price feed is exactly the same for demonion and real... of course, the demonion execute instantly, and also the real once in a while would implement 1 or two decimals of a pips off due to the delay of accepting that the order if too significant. But the price of execution doesn't means that the quoted prices keeps moving along in both platforms in a synchronized manner. . . Since that is the current prices.


    Regarding safety of Funds. . .Here is the gap (in plain English) involving trading using FXopen and Dukascopy is the event of the businesses go BUST.

    In case your deposit in FXopen is $25 000 and FXopen go Bust... after intervention, audit and liquidation, it's found that FXopen loss 50% of clients cash... then they will hand you $12 500. You loss of your deposit, that is its end.

    If Dukascopy go Bust..and after intervention, audit and liquidation it's found that they loss 50% of clients money... you'll get $12500 from liquidators and yet another $12 500 in the Swiss Compensation Fund... that ensured all clients up tp 100 000 CHF in Bust instances. You lost NOTHING.

    Throwing up how hard ASIC guidelines and rules is smoking mirror.
    The main point is that is irrelevant to the chance of a business to acquire in fiscal troubles and quit complying. No business is immune to failure.

    J.

  6. #16
    Quote Originally Posted by ;
    The big difference here is law, especially Australian law. ASIC would shut the company down pretty fast if any funny business went on. FXOpen AU is a different company to so you know, what you recorded above.
    If FXOpen AU and NZ are genuinely independent entities (as mentioned previously ), why would FX Open AU expect to obtain the aid of FX Open NZ at the case of bankruptcy (as stated below)?

    Quote Originally Posted by ;
    As to get security of funds in Australia, you can find plenty of laws to defend you and you know that FXOpen complies with ASIC guidelines RG212 which deals with the way client funds are held and used and what's done with said monies should the broker go bust. ie. The customer gets his money before any attorneys or liquidators can get it. Not to mention we at FXOpen AU have the complete support of our friends at FXOpen NZ which is a massive business in it's own right.

  7. #17
    Quote Originally Posted by ;
    WOW, It is the first time a Broker representative admits to price manipulation in their platforms.

    I mean, the prices which are quoted in the ECN already reflects the worldwide liquidity. That's why they change, spike or anything.

    So, you mean to tell us that FXopen doesn't quote those prices to their clientele?

    Can you explain from where then Fxopen receive the price that fed the demo accounts? Your announcement that depends of other presentation traders in the novels is somewhat ridiculous. If this was true... the Eur/Usd could be a...
    FXOpen will get demo prices from prices offered by numerous liquidity suppliers aggregated together with all the orders of other demo traders.

    Quote Originally Posted by ;
    Should FXopen feed the demo with straight true quotes from the ECN, then quotes different price to Real accounts clients, then FXopen is manipulating the price on real accounts.
    That is not correct. I think you misunderstand how an ECN operates. Our page in http://www.fxopenaus.com/ECNForexTrading.aspx describes in detail how an ECN works. Please have a read of this.

    Quote Originally Posted by ;
    Dukascopy doesn't work like that. The price feed is the same for demo and real... of course, the demo execute instantly, and also the real once in a while would execute 1 or 2 decimals of a pips off as a result of delay of accepting the order if too big. But the price of implementation doesn't means that the quoted prices keeps moving together in both platforms in a synchronized way. . . Since that is the current prices.
    Dukascopy doesn't work as you explained either so I don't think you have attempted accounts at either broker.

    Quote Originally Posted by ;
    Seeing security of Funds. . .Here is the difference (in plain English) between trading using FXopen and Dukascopy is the event of the businesses go BUST.

    If your deposit in FXopen is $25 000 and FXopen go Bust... after intervention, audit and liquidation, it is found that FXopen reduction 50% of clients money... then they will hand you $12 500. You reduction 50% of your deposit, that is the end of this.

    Should Dukascopy go Bust..and following intervention, audit and liquidation it is found that they reduction 50% of clients money... you'll get $12500 from liquidators...
    I'm not here to argue the advantages of one regulator within another. ASIC is just one of the Major regulatory authorities and recognised globally as such. ASIC's tough law is one reason why Australia had an extremely soft landing throughout the last Global Economic Crisis.

  8. #18
    Quote Originally Posted by ;
    If FXOpen AU and NZ are truly independent entities (as stated above), why would FX Open AU hope to receive the aid of FX Open NZ at the event of bankruptcy (as mentioned below)?
    While the firms have separate management, financing etc.. . FXOpen AU gets considerable aid from FXOpen NZ at the kind of the planet leading ECN engineering and years of experience that we may borrow from.

  9. #19
    FXOpen will get demonion prices from prices offered by several liquidity providers aggregated with all the orders of other demonion traders.

    ... what's that suppose to mean??????
    So, your demo receives the prices from various Liquidity providers then your real accounts Liquidity Providers???

    What in the heck Aggregated with all the orders of other demonion traders signifies????? . . Does this imply that demo prices vary according to orders from demonion traders???? .




    That's not Correct. I think you misunderstand an ECN operates. Our page in http://www.fxopenaus.com/ECNForexTrading.aspx explains in detail how the ECN works. Please have a read of this.

    The Way the ECN (Electronic Communiions Network) operates is insignificant.
    The only things that matters is from where FXopen get the prices and that which Quote to their clients and what prices nourish the demos.




    Dukascopy does not work as you described either so I don't think you have attempted accounts at broker.

    Of course it will... I really do trade using Dukascopy Bank.
    And Because I have too much to lose I would never trade with an Australian Broker with more then a few thousands I can afford to shed 100%.

    If a forex Brokers go Bust or Bk in Australia, there's not any recourse of getting deposits encircle... maybe 20, 30 cent per each dollar but not 100% following Regulators stop the Broker from working.



    I'm not here to argue the advantages of one regulator on another. ASIC is one of the Major regulatory authorities and recognised globally as such. ASIC's tough regulation is 1 reason why Australia had a very soft landing during the last Global Economic Crisis.

    You return to Regulator Authorities... Agencies that regulate, supervise and intervene if necessary due a non-compliance of regulations. However, this regulatory agencies DO NOT dish out cash to Clients of businesses which fail or if the bureau itself fail to do their job.

    In a sense you're right. . There is not any point in arguing what Regulatory agency is better. . .ASIC, FINMA, FSA or other EU regulatory agency.

    THE BIG DIFFERENCE is that in Countries like Switzerland, UK and the European Union, in top of getting the Regulatory Bodies. In addition they have Compensation Funds schemes that will dish out the cash to the clients if controlled businesses fail. (to certain maximums). So Traders like us have a real independent resource for cash recovery in case of Broker failure.

    J.








    __________________
    FXOpen AU Pty Ltd * Spread from 0 pips * Pure ECN * ASIC Regulated * Australia really is the lucky country!

  10. #20
    Quote Originally Posted by ;
    FXOpen gets demonion prices from prices offered by numerous liquidity providers aggregated with the orders of other demonion traders.
    Cease drinking Jafar. If I follow your comments each of us can open a demo account, place some fanciful orders (delirious demand/offer) and make spikes as we want. Your standing requires to be regild.
    Your joke made my afternoon.

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