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AlonFx10/30 Discussion
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Member Since Nov 12, 2010 31 posts
PRandell
Dec 13 2010 at 08:48
Hi Peter,
Awesome. Thank you very much. Very impressive returns. Can we expect the same performance if we open up an account with your new broker? Also, is your new broker able to take US-based customers? |
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Member Since Oct 22, 2010 37 posts
Peter Harding (alonfx)
Dec 13 2010 at 09:06
Hi,
This is the actual performance taken from a live account on our system. Regarding the new broker, if their liquidity and datafeed is as high quality as FXCBS, then yes, it will be. From what we have seen, it is as good as FXCBS. You have to remember FXCBS is very present in Mid East, they have very big clients driving high volumes and hence have superb bank liquidity. Bringing you a Brighter Future in Forex |
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Member Since Nov 12, 2010 31 posts
PRandell
Dec 13 2010 at 21:47
Hi Peter. So this broker takes US-based customers?
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Member Since Nov 12, 2010 31 posts
PRandell
Dec 14 2010 at 06:19
Hi Peter. One more question. I was thinking of opening an account with Alpari, and this is what i found on their site:
MetaTrader 4 Pro account additional features: * High volume trading at ultra competitive prices * Multi-bank liquidity * No-requotes * High-speed, low latency trading * Place orders inside the spreads * Non-Dealing Desk execution * Spreads below 1 pip* In your last post to someone else, you mentioned that alpari would not be an option because one would need a $20k account with them. It seems their mt4 account needs a minimum $250. Would this be a good broker to go with, using your system. Or is the mt4 platform they are usuing not an ecn, and in the long term be worse for your system? Thanks, P |
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Member Since Oct 22, 2010 37 posts
Peter Harding (alonfx)
Dec 14 2010 at 10:11
Hi,
Please see here, MT4 Alpari Pro is $20k: http://www.alpari.co.uk/en/trading_accounts/account_comparison_table.html We are waiting on confirmation from new broker they accept US clients. We believe they do but need to hear from them. Long term you need ECN, there is no question about that. I could write you a list as long as you want why this needs to be case. Aside from slippage, requote, hanging orders, dealer confirmation, price smoothing (this is the worst problem, example get a demo ECN from fxcbs/gallantfx/nordmarkets and a demo from ibfx/varengoldfx, see the price fluctuations difference between the 2 groups) ,you also get example of desk not filling your TP when they should. Take our last 2 GBPUSD trades this morning that closed for +10 X 2. They closed at 1.5861. The low at that point was 1.58585/1.58610, around 8.55 UK time. We got out at the exact low to the pip on low ASK. We got filled no problems on our large managed account. In our experience, a desk wouldnt fill this order, with a host of excuses. It is a fine line between success and failure in Forex, you need access to direct market, simple. Bringing you a Brighter Future in Forex |
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Member Since Nov 12, 2010 31 posts
PRandell
Dec 14 2010 at 22:04
Sounds good. Hopefully your new broker accepts US customers. What do you think about mbtrading and fxcm.
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Member Since Jun 27, 2010 21 posts
cinlung
Dec 15 2010 at 15:42
Hi Mr. Harding,
Thanks for putting up live account on fxbook. I have one question, you can call me a dumb. In your live account, today it shows +65.26% or +$652.62 profit. Let's say I started with $1,500 from 11th Nov 2010, so what do I get now? +$652.62, or 65.26% x $1,500 = $978.9? Thank you and regards, |
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Member Since Jun 27, 2010 21 posts
cinlung
Dec 15 2010 at 15:44
And, if I want to join your managed account, is it compulsory for me to go thru this affiliate program http://www.fxcbs.com/aff-176 to register with fxcbs?
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Member Since Oct 22, 2010 37 posts
Peter Harding (alonfx)
Dec 16 2010 at 13:29
Hi,
Yes, they accept US client. Next week we will publish our new website with the new broker link. It is Canadian Based ECN broker. It is possible also we will introduce Nordmarkets in January if demand exists for them. Cinlung, please consult with admin@alonfx.com It is not an affiate link, we are IB. We are an IB in new broker also. We require this so we can process LPOA (Power of attorney) and performance sharing authorisation. Bringing you a Brighter Future in Forex |
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Member Since Nov 12, 2010 31 posts
PRandell
Dec 16 2010 at 21:13
Cinlung,
I think because AlonFx is taking fixed number of trades, and .10 lots, you would have gotten $652.62. The only way you would have received 65% of your $1500, is if alonfx would have taken more trades for just your account, or if they would have bought and sold larger lot sizes than .10. Remember, just because they had $1000 in the account, doesn't mean they were using all $1000 worth of playing power. And just because you increased your initial deposit to $1500, doesn't mean they would have used all $1500. P |
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