I have been looking at Thinkforex and would like to know if anyone has experience with them. They have great spreads and you can place super tight stops and take profit levels Great execution too. Only problem I can see is they are not regulated and are out of the BWI. Someone rumored them to be a former institutional only broker. Any comments appreciated.
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Haha-I contacted their support yesterday. My only questions were:
1. Why don't they offer 'level 2'?(The answer that I got is that MT4 doesn't support 'level 2'. And that is not an excuse).
2. And why do they chose to make a markup on spread instead of implementation of commision?(I didn't get any comprehensible answer either).
Plus they are not regulated....
Draw Your Own Conclusions!
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Hi All,
Good day,
I can say that the this broker is the same as Divisa Capital that offer ECN, but no 100% sure yet. The reason why I believe so is that their both servers for MT4 is the same on Real and Demo, which imply they are the same
my recommendation is to stay away from this broker.
I hope this helps.
Best wishes,
SF
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Originally posted by staw View PostHaha-I contacted their support yesterday. My only questions were:
1. Why don't they offer 'level 2'?(The answer that I got is that MT4 doesn't support 'level 2'. And that is not an excuse).
2. And why do they chose to make a markup on spread instead of implementation of commision?(I didn't get any comprehensible answer either).
Plus they are not regulated....
Draw Your Own Conclusions!
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Originally posted by PIPHORE View Postcan you explain what is level 2 of ecn? is there level 1?
"Level 2" is an orderbook, where you can see more than just current price - you can see volume on different price levels...
Here you can see level 1(only best price):
Here is with level 2(prices and volume in mill on the side of the price):
Last edited by staw; 15-10-10, 16:46.
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ThinkForex
I have not had any issues with them so far. I got my account setup a month ago and the Ea is running like a king. I'm not sure if I can attach file for my statement here but I got the NoNameBot and found out about them through there.
Will keep everyone updated on developments with them but nothing to complain so far.
Also take look at this link I found
http://www.prweb.com/releases/2010/10/prweb4659104.htm
Cheers Folks,
Look forward to getting active on this community
Originally posted by staw View Post"Level 1" is a "best" price available - it is the current bid/offer price what you see.
"Level 2" is an orderbook, where you can see more than just current price - you can see volume on different price levels...
Here you can see level 1(only best price):
Here is with level 2(prices and volume in mill on the side of the price):
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