one broker.... multiple liquidity providers

i heard my broker is using more than one liquidity provider... n he willing to user more LPs...

i was thinking how will that effect me n my trading?!

any suggestion...!

It would simply mean that you have a greater chance of NOT getting requoted. As you may already know, requotes occur when the price has changed once you have entered your order into the market. In your broker being more 'liquid' it suggest that there will be more lots available at the price which you try to enter.

but using multiple LP means 'as i understand' they have multiple source of pricing... isnt that givin that a chance to manipulate the price... for example...among all these LPs they can always fill me with the worst price...?

Well in away yes they can. Depending on which source they are using at that moment. I only see this being a massive issue, if your a scalper. As your entry is predetermined, and you want to get the best fill possible. Yet using pending orders will guaranted you the price which you want. I have used exness.com (the broker which my account here at myfxbook is linked with), hotforex, yadix to name a few. Which have always filled my order at the price which I wanted.
 
 Reality is brokers manipulate the price with the spread. Have you ever noticed during news hours, it is the ASK price which jumps and not the BID. As the BID price is the price the banks give them. The ask is where they make there commission. I for one scalp, and have had bad experiences with spread manipulation. Yet its of a few pips.

this is what am talking about... scalping in high volatility situation ( news event)... raise the spreads not only the issue.... also they let u slip u from ur entry even if ur using a pending order.... due to high volatility...

i think multiple LPs may make things worse.... now they more options to fill u in worst places!!!

after i got some profits by scalping in news....

i start to note slippage is start to be more frequent though am using pending orders... also first time i got slipped at my exit... i have doubts... they didnt let my trail stop working normally.. plus high spread....

i guess i need to change this broker at least when i want to scalp news...

any advise for good broker not having all problems addressed above?!

i think trusted broker with high spreads is the best choice... maybe al pari?!!

Bisho777 posted:
after i got some profits by scalping in news....

i start to note slippage is start to be more frequent though am using pending orders... also first time i got slipped at my exit... i have doubts... they didnt let my trail stop working normally.. plus high spread....

i guess i need to change this broker at least when i want to scalp news...

any advise for good broker not having all problems addressed above?!

i think trusted broker with high spreads is the best choice... maybe al pari?!!

 Bisho. We don't know one another. Yet please take my advice. Go to www.yadix.com and open an account with them. You will never trade with another broker. If you have 5k, your spread on EUR/JPY is less then .3 pips. And the spread does not increase during news release. Of course you will paying a commission, yet the commission is way less then paying a 2 pip spread + slippage+ and manipulation when you place pending orders.

 Not to mention most brokers have a minium amount of pips you must be in profit before you can trail stop. Hotforex is 5 pips from market price. Yadix.com is the next tick... Yes .1 pip trail stop. So basically if you enter a buy at 130.017 on eur/jpy. You can run a sl at 130.016 :) It will be guaranteed to fill. I have NEVER had a problem with yadix. If you have less then 5k you will earn the same thing as far as service goes. Yet you won't get that .2 spread on E/J. It would be around .9

thank u ill give them a look ;)