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We are a 100% agency broker. We hold absolutely no book on our end… out of choice.

I would agree that almost all brokers who advertise STP are stretching the truth to fit their business models, but there ARE legitimate agency outfits out there.

Can you please explain who is my counterparty if I buy 0.01 lot in the EUR/USD or 100 lots?

Will it be another FXPig Client, a LP or a bank (but I think banks dont deal in small base 1000 units)?

Can you provide and show a real life bought or sold statement will all the information?

The counterparty depends on the feed you are trading on, on who was top of book at the time of your execution, and in the end who fills the trade. All FX banks take 1k orders, every single one unless you are on a non-relationship feed where all executions are untagged, in this case SOME banks will not take the smaller tickets as it is harder for them to flag and ask that certain flow be turned off.

ECNs, like HotSpot, take 1k orders, but they charge 1 USD per ticket to process them, so, most venues who clear through HS will not take smaller tickets, under say 100k, to avoid these charges.

We do have matching capabilities on our MPA feed, and yes some orders can match with other clients, but most of the providers on that feed also take 1k orders.

A few years back this was not the case, but with algo trading becoming more the norm than the exception in retail FX providers have had to change their business models to suit the majority of the flow.

And of course we can provide proof. Take a 1k trade with us on our SPA feed and I will give you the FIX confirmation and the following day (as our system complies reports at EOD) I will tell you what bank took the trade.

FreshForex compared to the greats like global prime or icmarkets are not even comparable

I keep seeing adverts here for FreshForex they spam forexsignals forums too,

Stick with global prime they can give you your trade receipt with the lp listed icmarkets will also give a receipt but hide the lp

Ive not found any broker other than global doing this.

Interesting you can do this fxpig will check you out

Oh and lets not forget FreshForex has crappy regulation. Only CRFIN /KROUFR

They will also be adding pre-trade transparency where you can actually see which LP is making the price down to 10 levels of depth – so you can see which LP you are trading against even before you place a trade!

To add, they are FCA regulated and based in London which helps inspire confidence.

For anyone interested in trying out VARIANSE, a good offer for a discounted commission rate and reduced minimum deposit is available through the forum.

Quote from: dupapa on January 29, 2017, 12:53:53 PM

FreshForex compared to the greats like global prime or icmarkets are not even comparable

I keep seeing adverts here for FreshForex they spam forexsignals forums too,

Stick with global prime they can give you your trade receipt with the lp listed icmarkets will also give a receipt but hide the lp

Ive not found any broker other than global doing this.

Interesting you can do this fxpig will check you out

Oh and lets not forget FreshForex has crappy regulation. Only CRFIN /KROUFR

How can you check those LP tickets for validity? I mean they can generate something that looks like as a ticket but is there any independent source for verification?

I dont mind pointing it out as broker advantage but I do search for a second broker for simultaneous trading with my primary hotforex platform.

LP tickets can only be verified by the FIX ID / tags and the level of information given to you by your broker – you could phone up the Bank and ask them did you execute my trade with FIX ID.. blah blah but doubt you would get a response or make any friends.

The only way you can trust real LP tickets is if they are issued to you by a tier 1 regulated broker i.e FCA or ASIC as the broker is not in the business of losing their license for sending our misleading information.

Rather than just Post trade LP tickets, as mentioned before Varianse are giving PRE-trade transparency on the trading platform, you can see the screenshot attached of the live view they gave me – showing full market depth and LP names.

They say all orders go to banks and LPs with Post-Trade Transparency.

And if someone has account with them, is execution fast or slow?

Its called MaxxTrader, made by Flex Trade. Its more of an institutional platform and it supports alot of advanced order types and execution modes:

Im a bit late to the party on this thread as BuzzFX has only just launched, but we have no restrictions on trading strategies, scalping, news trading etc, you can use any expert advisor you want.

In my experience ActivTrades shown a good perfomance for tick acslpers.

Quote from: Gooney on December 12, 2014, 03:38:49 PM

Axitrader, GlobalPrime, IC Markets, CityIndex, CLMforex, Lmax or Armada. All these brokers seem to be ok. Are they ECN and do you think they are fine for scalping trading?

Re: What is the minimum limit of investment?byfxopen78

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