Had at a single time. With Pepperstone I was annoyed with their SL hunting not being able to place my SLs TPs close to the market price.Originally Posted by ;
Had at a single time. With Pepperstone I was annoyed with their SL hunting not being able to place my SLs TPs close to the market price.Originally Posted by ;
If its any help I have used Go Markets and Axitrader and FX. I would rank 3rd from these - Axitrader and Go Markets equal-ish good.
Axitrader service seems to be UK based whilst Go Markets are loed in Oz - therefore the replies to mails etc may be slower from Axitrader. I'll be looking out IC Markets shortly.
Yo mrdfx.Originally Posted by ;
I exchange with FX and might recommend their RAW ECN account to anyone. Their commissions are cheaper than Pepperstone and that's the deciding factor for me personally. Both proper ASIC regulated brokers who can not be broken elsewhere.
Been with gomarkets 4yrs today , no stop hunting like cmc and pro/ac has tighter spreads . . Heard from somebody to be skeptical of performing huge positions (do not know why tho)
Thank you I have opened an account with Pepperstone. I spent hours researching comparisons between the brokers and decided on Pepperstone.
I also went with an STP account over the ECN as for my trading style that the ECN and the commissions was a bit expensive. ECN is great but I'm Pleased with the STP. Cheers.
Good choice mrd,Originally Posted by ;
had nothing but excellent experiences together.
Also their servers have no issues I have seen up to now.
Especially when I exchange news manually thats just utmost important.
As long you place mini lots..is ok for me..for any broker . .you will see they true color when you start entry 5 lot above..it chance to me.FILE_4_EXTENSIONys had slippage. Good luck
bigger orders often get filled not just by a bank, the liquidity pool is simply not unlimited, especially during specific times like premature asia.Originally Posted by ;
Hasn't so much to do with your broker, much how many banks they're getting their liquidity from.
And undoubtedly the best time to get filled is through europe ny overlapp.
in the event the broker is not the market maker then it's their liquidity provider/s.
Take gold for example (throughout Asian semester); the spread on gold might only be 13 points - however in case you have access to the market depth you'll notice there is simply 100 oz (1 lot) worth of liquidity in where the spread is displayed.
If you want to exchange 5 lots then the spread becomes 19 points. . 10 lots = 35 points, 20 lots = 46 points, 50 lots = 55 points.
Obviously all these bids supplies are MM orders, whether it's your broker or their liquidity providers.
This is why I'm happy using FX.Originally Posted by ;
I have spoken to some highly reliable trading contacts in Toronto who swear that the brokers advertising the tightest spreads slip you like crazy once you begin to trade with larger size.
Only beware