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Thread: MT4 moves to ECN (2 unique brokers)

  1. #1

    MT4 moves to ECN (2 unique brokers)

    Hi folks,

    I discovered that MBTrading are moving into an MT4 platform that offers ECN based spreads. My broker GoMarkets is presently switching from MT4 fixed spreads to MT4 ECN.

    For those that have used ECN and fixed spreads,
    What are the benefits of being ECN?
    How does ECN impact your trading?
    How can you determine transparency at the market with ECN quotes?
    Does anyone know of MT4 brokers Aside from GoMarkets and MBTrading moving into ECN?

    Any comments are appreciated.


    Concerned about the transparency of my broker as this email was sent on Friday 27th.

    In the coming days and weeks you will observe changes with FX coming through the MetaTrader4 platform. The biggest change will be at the price feed. As you're aware we offer fixed pricing which does not fluctuate throughout the day. Whilst this may give transparency in the pricing it may mean customers do not always receive the best prices online offer.
    We're in the final stages of executing a new ECN-style price feed coming from a combination of 70 banks. This will indie that customers get the absolute best bid/ask prices coming from the interbank market. During liquid instances spreads can become as low as 1-pip on major pairs, and if spreads widen it could be a signal to a client that the conditions for trading are not favourable. As an indiion of spreads, many majors such as GBPUSD, EURUSD, EURGBP and AUDUSD can offer spreads as low as 1-2 pips, even during the Asian session.

    Offering the accurate interbank market prices means it is simpler for us to hedge our positions. As part of this we will have the ability to accept ALL EXPERT ADVISORS such as FAPTurbo. We'll send an email to all customers as soon as this is fully implemented.

    If you have any questions about the above please do not hesitate to contact us.

    UPDATE: MT4 brokers that are ECN are ATCBrokers, and MBTrading (not yet released).
    Http://www.GoMarketsaus.com are not ECN, but are ECN-styled, which I have highlighted above.
    This means that they are a retail market maker, but I have discovered that their spreads are generally lower than fixed spread broker buddies. Yes they've spreads such as the aforementioned, but are almost never 1-2 pips in the Asian session.

  2. #2
    Quote Originally Posted by ;
    Your obviously new to the market, or stuck in the retail sector. . my apologies.
    Says the guy pitching an MT4 indior on a two year-old thread. MT4 is a retail platform in the event you did not understand. Company?

  3. #3
    Quote Originally Posted by ;
    Trade volumes are not reported. Displayed liquidity in an FX orderbook is an entire mirage, except for executable price places like EBS Hotspot.


    Yes I am sure you have. And so you're here digging up threads from 2 years ago to pitch your lame MT4 indior. Would prefer a cart to load up each of those bull droppings?
    lol. . Hotspot is the smaller venue by the way. . While I say volumes I am discussing the places such as hotspot, currenex, reuters, ebs, integral the volumes are there for me. Obtain the data and analyze it if you understand how to. Therefore, in the event that you have the technology to fully aggregate all the global networks as I said, you are able to construct (after reduny reduction) a complete fx orderbook regardless of the market being disjointed.

    Your obviously new to the market, or stuck in the retail sector. . my apologies.

  4. #4
    Quote Originally Posted by ;
    You said what?? Volumes are not reported? Lol...
    Trade volumes are not reported. Displayed liquidity within an FX orderbook is an entire mirage, except for executable price places like EBS Hotspot.

  5. #5
    Quote Originally Posted by ;
    Just use an unaffiliated feed to verify your pricing at your current broker!
    Considering lots of retail FX accounts amount to investing in a market made by your broker (who can assert'commerce the biggest market in the world'), or a white tag collection of little brokers, and every broker may or might not be messing with the order flow timing from their customers, can you reasonably expect prices from various MM brokers to be identical to the 5th decimal point at any particular moment?

    Max

  6. #6
    Quote Originally Posted by ;
    You do realize that true volume isn't reported by any worldwide FX venue? I hope you didn't pay money for this particular indior. .

    Also, why on earth are you quoting and responding to an article from over 2 years back?
    You ought to go for Direct Market Access... and rid yourself of over priced under performing brokers! E-forex 2010 issue... a post of Direct Market Access. . It would be great reading.

  7. #7
    Quote Originally Posted by ;
    You do realize that actual volume isn't reported by any global FX venue? I hope you did not pay money for this particular indior. .

    Moreover, why on earth are you quoting and replying to an article from more than two decades back?
    You stated what?? Volumes are not reported? Lol... gosh in all my years trading 5M lots I'm always able to see the amount available in a full book. So your statement is absurd sorry. OrderBooks are merely that. . Levels of prices and the amounts.

    Just as over two years back... you still read the comment directly? Sorry to burst your bubble. But ummm. I've assembled earlier, I've assembled arbitrage methods data feeds. . In 20 years... orderbooks still contain price and quantity. . Its the very premise of those.

  8. #8
    Quote Originally Posted by ;
    I have been using the indior that imports GLOBAL liquidity into an MT4 chart.
    You do understand that true volume isn't reported by any global FX venue? I hope you didn't pay money for this particular indior. .

    Also, why on earth are you quoting and replying to a post from over 2 years ago?

  9. #9
    Quote Originally Posted by ;
    Hello people,

    I heard that MBTrading are moving into an MT4 platform that provides ECN based spreads. My broker GoMarkets is currently converting from MT4 fixed spreads to MT4 ECN.

    For the ones that have used ECN and fixed spreads,
    Which are the advantages of being ECN?
    How does ECN impact your trading?
    How can you decide transparency at the market with ECN quotes?
    [font=quot]Does anyone know of MT4 brokers besides GoMarkets...
    No need to actually use an ECN at all if you can see truly transparent pricing. Trade when your broker is aggressive. I've been using an indior that imports GLOBAL liquidity into an MT4 chart. I'm in a position to see resistance points as they build and support amounts as they withstand downward pressure.

    Simply use an independent feed to verify your pricing at your current broker!

  10. #10
    Quote Originally Posted by ;
    The attached file must provide you some of the info. You're looking for - it was composed by TheRumpledOne, by his website at kreslik.com
    Yeah TRO is (or was) an IB for MB Trading.

    There are far better alternatives like capitalforexpro prospreads, but yet offer MT4.

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