pipstream Posted July 21, 2009 Report Share Posted July 21, 2009 Re: now 10K USD account at Dukascopy FXOpen? FXopen? You thought that was a "True ECN", its the worst bucketshop that deletes profitable trades from traders accounts and they have a big record in the past of not paying people and scam reviews. The only True ECN's or reliable brokers i know of is "Usually i dont believe any broker thats based on internet as a real bank2bank broker" Dukascopy Fxdd Fxcm Alpari Fxpro - formerly northfinance CMS MBtrading Hi dznmrd, Thanks for your feedback. Yes, it's a though job to find a REALLY good broker and I believe it is impossible to find one that has no drawbacks at all, therefore the best we can do is find one that best fit our particular case and needs. For instance, I need MT4 + ECN + hedging + non-FIFO capability, therefore my consideration for FXopen. But I'm very much aware of their reputation. When I included them in my short list, it was only for their MT4 ECN/bridge version connected to Dukascopy (not their micro/regular MT4 accounts which are obviously going through a dealing desk). Even so, I would probably open an account with Dukascopy and simply use FXopen MT4 ECN/bridge demo feed to make my trades and copy them directly to Dukascopy. BTW, about FXDD; I've been a client of them for the last 3 years and for me they are also a bucketshop. (I'm talking about their regular MT4 platform, can't say for their other platforms) They have cheated me MANY times of profits by freezing & disconnecting their platform, widening their spreads (which are supposed to be fixed) and many other dirty tricks (always when I was in profit btw). They also purposely increase their EURGBP spread in the Asian session to 5~8 pips to stop the FAPTurbo traders (before FAPturbo, their EURGBP spread was only 3pips!). I could go on and on about them... I know they also offer ECN/CurreneX version but because of my experience with them, I’m not interested X-( FXCM, Alpari, FXPro, I’ve heard good and bad things about them and will keep researching them. MBtrading has a very good reputation except for their relatively high commission and the fact that they must now follow new NFA anti-hedge/fifo rules, therefore they’re out. CMS, I don’t know about them and I will start researching them. Thanks for the suggestion. I’m also tempted by a CurreneX broker (except FXDD :berbusa: ) Quote Link to comment Share on other sites More sharing options...
cr_redfox Posted July 22, 2009 Report Share Posted July 22, 2009 Re: now 10K USD account at Dukascopy I agree regarding F A P Turbo and this whole evolution thing - I think a lot of people are about to get burned with Evolution and Dukascopy. My advice would be to look elsewhere, or at least read the fine print on when you can actually withdraw your cash! Quote Link to comment Share on other sites More sharing options...
davimaciel Posted July 22, 2009 Report Share Posted July 22, 2009 Re: now 10K USD account at Dukascopy how are the spreads using a USD 10,000? Quote Link to comment Share on other sites More sharing options...
p.a.j.a. Posted July 22, 2009 Report Share Posted July 22, 2009 Re: now 10K USD account at Dukascopy I used alpari uk without proble for fap turbo. Quote Link to comment Share on other sites More sharing options...
marcelao23 Posted July 22, 2009 Report Share Posted July 22, 2009 Re: now 10K USD account at Dukascopy why is so spend to open a account in dukascopy?? Quote Link to comment Share on other sites More sharing options...
sgmoney Posted July 25, 2009 Report Share Posted July 25, 2009 Re: now 10K USD account at Dukascopy Account opening takes very long though. Quote Link to comment Share on other sites More sharing options...
finimej Posted July 28, 2009 Author Report Share Posted July 28, 2009 Re: now 10K USD account at Dukascopy I have decided that I stay with my current broker ATCbrokers.com and not go to dukascopy. Quote Link to comment Share on other sites More sharing options...
tom1713006007 Posted August 20, 2009 Report Share Posted August 20, 2009 Re: now 10K USD account at Dukascopy Hi Finimej, could you share the reasons? :-?? I do appreciate your shares.. :shand: Regards.. Quote Link to comment Share on other sites More sharing options...
finimej Posted August 20, 2009 Author Report Share Posted August 20, 2009 Re: now 10K USD account at Dukascopy OK, dukascopy guy just ringde up me today as well. I tell him my decision. I have 10K funds, 1) dukascopy has the minimum trading lot 1 full normal lot (0.1 dokuscopy lot = 1 full lot = 100000 unit, 1 pips move = 10 USD). my psychology is not ready to handle the 1 full trade lot yet. It does not matter if the demo account is doing well, because I know in real account my psychology dose not fell comfortable with trade 1 lot. it is too large for me at moment. ATCbrokers.com has minimum lot = 0.1 lot = 10 000 unit, 1 pips move = 1 usd. then you can have 0.11, or scale up, with is much easier for me to handle. This is the major reason. 2) ATCbrokers.com is metatrader environment which I know how to code, how to backtest, so my time will spend on trading and coding. Dukascopy JForex platform is too much hassel for me to learn, and to convert all my indicators and EAs to JForex platform, so some of my time will be spent on fighting with the new platform, which is non-value added time. so I stay at ATCbrokers.com 3) Dukascopy order execution is very fast for manual order execution. ATCbrokers.com because it is metatrader platform, so it takes 3 or 4 times longer time to execution the manual click order. So for manual trading, specially scalping, Dukascopy is much much better. However, I am mostly doing position trade, and aimed to 20 pips or most of time, 100 pips per trade, mainly trade the H4 chart, so it ok to stay at the ATCBrokers.com. - I do not want to spend too much time to select broker. I have the live account at ATCbrokers.com since 2009 march, and deposite withdraw is ok. support at ATCbrokers.com is 150% good. so I just stay there, and focus on trading and make EA, test EA instead of shoping around for brokers. so I stay at ATCbrokers.com Quote Link to comment Share on other sites More sharing options...
tom1713006007 Posted August 21, 2009 Report Share Posted August 21, 2009 Re: now 10K USD account at Dukascopy Hi Finimej, thanks for the answer. May I know why you chose ATC? And why you chose NFA's broker instead of, say, FSA (European broker)? Need your inputs to justify myself. Thanks. \m/ Quote Link to comment Share on other sites More sharing options...
finimej Posted August 21, 2009 Author Report Share Posted August 21, 2009 Re: now 10K USD account at Dukascopy OK, why I chose ATC? I am not getting any money for introduce ATCbrokers.com, this just my personal opinion. ATCbrokers.com is an IB for FXCM UK active trader account. FXCM UK active trader account, you get instititional spread, ECN execution. However, you need 25 K USD to have an account at FXCM UK active trader account. FXCM UK active trader account is actually earlier Hotfxspot retail. but at ATCbrokers.com, you have the minimum deposite 5 K USD, and get FXCM UK active trader account, you get instititional spread, ECN execution, and Metatrader platform, BUT your pay 8USD commission per rund trip 1 lot. you have the hedge and no FIFO rule, since your account is actually at FXCM UK. I think, ATCbrokers.com online chat has the best support that I never experienced, they want you to make good money. I then have VPS at http://www.razorservers.com, it is in the same area as the atcbrokers.coms house, then I have very short latency from vps to atcbroekrs.coms server. 18USD per money for rent the VPS. for test some EA, I run 10 copys of metatrader, and each metatrader has 20 pairs charts with EA on, no problem with it. The only problem I think if manually trade, then ATCbrokers.com is bit slow according to my taste. The broker in my country is nordmarkets.com, then it is super fast for me to manual execute order. However Nordmarkets.com spread + commission is much more expensive than atcbrokers.com. so I still stay with atcbrokers.com atcbrokers.com leverage: 1:100 minimum deposite 5 K USD minimium lot 0.1 lot Quote Link to comment Share on other sites More sharing options...
tom1713006007 Posted August 24, 2009 Report Share Posted August 24, 2009 Re: now 10K USD account at Dukascopy Finimej, Nice justification.. :-bd Your inputs will be in my considerations. thanks and may Kudo be with you :D Quote Link to comment Share on other sites More sharing options...
airplus Posted August 26, 2009 Report Share Posted August 26, 2009 Re: now 10K USD account at Dukascopy does someone has the FapTradeConvertor?? I found this, it is FREE and works flawlessly!! http://www.dukascopy.com/swiss/english/forex/jforex/mt4-jforex_bridge/ Quote Link to comment Share on other sites More sharing options...
karanmehta Posted September 5, 2009 Report Share Posted September 5, 2009 Re: now 10K USD account at Dukascopy Finimej, there's a free converter available with Dukascopy's JForex which will convert MT4 indicators into JForex compatible code. May be you can try that out (I do expect some issues with it). Your point regarding minimum lot size is well noted. Thanks Quote Link to comment Share on other sites More sharing options...
finimej Posted December 18, 2009 Author Report Share Posted December 18, 2009 Dukascopy Metatrader 4 platform You may download the demo here (bottom of page): http://www.dukascopy.com/swiss/english/forex/trading_login/marketplace_demo_login/ right now it is beta test. minimum trade lot size 1 full lot = 0.1 dukascopy lot = 100000 unit of base currency Seems metatrader can trade 0.1 lot = 10 000 unit of base account currency. minimum deposite 5000 USD leverage 1:100 commission around 8 USD per 100000 base currency trades per rund trip for account less than 50K around 2.5 USD per 100000 base currency traded per rund trip for account larger than 50 K. The account will be multifplatform login, can be used on Metatrader4, Jforex... price feed has the ask picture. but you execut the order on the bid chart or link to the picture http://www.formulatrader.com/download/bild/dukas.gif http://www.formulatrader.com/download/bild/dukas.gif Quote Link to comment Share on other sites More sharing options...
vladv Posted December 18, 2009 Report Share Posted December 18, 2009 Re: Dukascopy Metatrader 4 platform DUKAS is one of the biggers forex ECN brokers & market maker,too! :D I hope to lower a little the minimum deposit for live trading. :-? Quote Link to comment Share on other sites More sharing options...
⭐ rcbarlow Posted December 18, 2009 Report Share Posted December 18, 2009 Re: Dukascopy Metatrader 4 platform The only problem I have found is that our regular EA's don't work. They need to be modified for ECN. Would anyone show how to do that? Thanks Quote Link to comment Share on other sites More sharing options...
Ansatsu_ Posted December 18, 2009 Report Share Posted December 18, 2009 Re: Dukascopy Metatrader 4 platform DUKAS is one of the biggers forex ECN brokers & market maker,too! :D I hope to lower a little the minimum deposit for live trading. :-? are they market makers too? if they are stp, they cant be market makers, one thing or another. Quote Link to comment Share on other sites More sharing options...
finimej Posted December 18, 2009 Author Report Share Posted December 18, 2009 Re: Dukascopy Metatrader 4 platform Dukascopy is marketplace, where hedge trader and large traders direct trade there, so they actually match the customer orders and also send them to banks. good ECN broker. It is not market maker. Let's see if they can make the lotsize down to 0.1 lot = 10 000 unit of base currency. Quote Link to comment Share on other sites More sharing options...
vladv Posted December 18, 2009 Report Share Posted December 18, 2009 Re: Dukascopy Metatrader 4 platform Sorry my error guys! =)) Quote Link to comment Share on other sites More sharing options...
hyperdimension Posted December 18, 2009 Report Share Posted December 18, 2009 Re: Dukascopy Metatrader 4 platform It just connects to FXOpen's servers. Price changes match FXOpen's exactly. Clcik on the bottom right part of the terminal to see "FXOpen DC1" etc. Quote Link to comment Share on other sites More sharing options...
hermanhess Posted December 18, 2009 Report Share Posted December 18, 2009 Re: Dukascopy Metatrader 4 platform finimej when will they go live MT4 and when they go live will they allow minilots (10k units of base currency)? Quote Link to comment Share on other sites More sharing options...
finimej Posted December 18, 2009 Author Report Share Posted December 18, 2009 Re: Dukascopy Metatrader 4 platform finimej when will they go live MT4 and when they go live will they allow minilots (10k units of base currency)? I do not know when they will go live. ACM goes live only one month after Beta. and MBTrading, become MayBeTatrading for every and release real account after 1.5 years of beta. I hope Dukascopy can finish the beta soon. Regarding the 0.1 lot, need to ask dukascopy on this mater. having 0.1 lot (10 000 unit of base currency) is very critical for normal accounts under 25K. will be confirmed later. If I deposite my money at Dukascopy, I can sleep well. I can then trade manually using the JForex platform (because it is very very fast in order execution), and trade EA using the Metatrader directly. I knew Fxopen ECN is using dukascopy liquidity pool therefore FXopen ECN level II has the same order book as dukascopy. FXopen is not have a good review at all. And FXopen ECN recently provide the 0.1 lot, so there shall be a good chance that dukascopy can manage provide us the 0.1 lot then. However, as said, this need to be confirmed. Quote Link to comment Share on other sites More sharing options...
hyperdimension Posted December 19, 2009 Report Share Posted December 19, 2009 Re: Dukascopy Metatrader 4 platform I knew Fxopen ECN is using dukascopy liquidity pool therefore FXopen ECN level II has the same order book as dukascopy.But they are using FXOpen's own servers. I would have expected them to use their own servers, but they are not. Quote Link to comment Share on other sites More sharing options...
finimej Posted December 19, 2009 Author Report Share Posted December 19, 2009 Re: Dukascopy Metatrader 4 platform who's server does not matter. in this way, Dukascopy is using the research result that Fxopen has developed and come out with MT4 faster. the important thing is your money is kept at Dukascopy. Fxopen technique is quite ok with their FXopen ECN Level II, however, no one dare to put 10K at Fxopen because their long time battle with another Forex broker. They tried to distroy each others name. For small money account, it is ok with FXopen. But no more than 2K to put at Fxopen. Frankly speaking, I have ATCbrokers.com real account, and use it side by side with Dukascopy. and I see spread at ATCbrokers.com is lots better than Dukascopy. Because dukascopy step on their spread is 0.00005 step. However, dukascopy has much less slippage in order execution, and ATC order execution for manual trading here is too large. that's only win on the dukascopy side. Quote Link to comment Share on other sites More sharing options...
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