Forex MegaDroid review - 12 brokerages - Page 54 - Pip Cop

Ken Long · 2010-06-09, 06:04 PM

Quote:

Originally Posted by pipdetector

As to FX Pro -- its located on Cyprus -- which I am afraid does not help much :-)

Thats what I meant, sort of. I havent had an account there in over a year. But it seemed to be a great broker

when i was there.

willhuang · 2010-06-11, 01:13 PM

Quote:

Originally Posted by Ken Long

ATC is an ECN broker

and they do charge a 0.8 pip commision, this is in addition to rollover

which they refer to FXCM's platform for numbers on. FXCM is their price feed provider. The minimum deposit is 5K, and the smallest lot is 0.1. They have the same problems with varriable and unstable spreads as FXCM, durring news volitility or durring the off hours the spreads can grow quite wide. Right now the spread

on the eurusd is bouncing between 0.8 and 1.0 pips, but its generally a bit lower. Not a great bargin for testing EA's considering that the side commisions are taken out of the EA's profits and not factored into the trades. However, the low commisions do seem to add a few trades, but not very many.

FxPro no longer accepts US customers, and I've heard its the same for Canadians. Pipbuster recomends stsarting an offshore business to work from, but this isnt that easy just to get a certain forex broker

. When I had an account with them they had amazing spreads with no side commisions and great services. The biggest drawback that I could see was that they were located on the island of Crete, home to many scams and not the place I would trust any large amount of my capital.

where can i find the feed information about atcbrokers?

willhuang · 2010-06-11, 01:19 PM

Quote:

Originally Posted by pipsbuster

Yes, ATC is an IB

for FXCM, but FXCM only serves as their liquidity

provider. As for FXPro, Cyprus is an EU member state, so there's nothing to worry about. Problem is, FXPro no longer accept US customers. My top option would therefore be IamFX.com - low trading minimum required (in contrast to ATC) and US customers accepted (in contrast to FXPro).

how does iamfx.com make money? i can't find anything about their business model. are they comission based?

Ken Long · 2010-06-11, 02:30 PM

Quote:

Originally Posted by willhuang

where can i find the feed information about atcbrokers?

how does iamfx.com make money? i can't find anything about their business model. are they comission based?

Iamfx charges a 1 pip round trip

commission

on all trades. This kind of information is in their web pages, look under support or faq's.

willhuang · 2010-06-14, 03:38 PM

Quote:

Originally Posted by Ken Long

Iamfx charges a 1 pip round trip

commission

on all trades. This kind of information is in their web pages, look under support or faq's.

that makes atc a better choice. cus 1 pip/ lot is a little more then 8usd/lot on the pair i want to trade on. eurgbp

angelajill · 2010-06-15, 12:26 AM

Quote:

Originally Posted by pipsbuster

Believe me or not, the broker

you are using matters a lot. I've been getting a lot more trades with the same EAs on my FXPro, IamFX, and ATCBrokers accounts than on my FXDD or Alpari ones.

You are so RIGHT ! Damn...any good reasons for these strange behavior?

I am seeing it across my different demo and live accounts on different brokers..

**pipdetector** · 2010-06-15, 04:11 AM

Angela,

Have a look earlier in MD thread, the behavior has been described and our "theories" are laid out. Shortly -- spreads/execution speed are critical to all scalpers. Depending on brokers spreads|execution speed is different, which results in different performance of MD (or any scalper).

**hotsawce** · 2010-06-15, 08:55 AM

I'm using ATC, but it's mostly because it's the only brokerage that allowed me to use IRA funds to link and trade with. There have been a few times where they've restarted the servers or have had issues with the technology, but it didn't seem to be huge and the customer service is decent.

I've been using it a little over a month now, and I'm still on the fence. I'm not too sure I can recommend at this point

...I still want to see how it performs for a little longer.

Quote:

Originally Posted by pipsbuster

Yes, ATC is an IB

for FXCM, but FXCM only serves as their liquidity

provider. As for FXPro, Cyprus is an EU member state, so there's nothing to worry about. Problem is, FXPro no longer accept US customers. My top option would therefore be IamFX.com - low trading minimum required (in contrast to ATC) and US customers accepted (in contrast to FXPro).

**hotsawce** · 2010-06-15, 08:50 PM

June 10th and June 15th, both losses. Coincidentally, all of the losers have been long positions. Not significant losses by any means, but losses none the less. Less than one percent for those two trades.

Any idea as to why megadroid seems to have more ease with the shorts than the longs?

**pipdetector** · 2010-06-16, 03:14 AM

Again this is an example how differently MD fares on different brokers. I had a trade on ATC demo yesterday that closed in small profit. Also my FXDD MD scored 3 pips' profit. On June 10 the trades were also in black (just a bit)