Juanitor posted: Hello, I'm working on ECN account about two months and works fine. Latency about 800ms, open time about 1000ms no requotes, no modify rejected, comision about 0.7 pip for EURUSD. I recommend his ECN account.
That's a pretty lousy latency I would say...have you tried to connect to their server through a vps located in the same area?
Hello, I'm working on ECN account about two months and works fine. Latency about 800ms, open time about 1000ms no requotes, no modify rejected, comision about 0.7 pip for EURUSD. I recommend his ECN account.
ForexPro posted: Since the last negative post was written a year ago I would like to know from live ECN clients has anything changed/improved? How about execution speed, server stability etc?
Hmm, I have only been with them for like 1/2 a year or so. Trading on their ECN has been ok for me. Sometimes the charts do go blank for a short while. If you have EAs that closes open positions when the terminal recovers from a blank chart, you might want to alter the code to accommodate that. Or have some kinda protection function just in case this happens.
Execution speed wise... mine was at 700ms, but it was still ok since I didn't use any ultra low latency EAs on this account. VPS or a dedicated server might be able to lower that.
When you have accounts that exceed the 25k, it will be good to reduce your risk level to adjust to the new leverage of 100:1. This leverage of 100:1 also applies to account below 1000 as well.
Live account max lots size is 10000 lots, as compared to their demo of 1000 lots.
Sometimes some of their data trade servers might go down and will automatically port you to next available trade server that is relatively close to your region. Or have the next best latency times.
For asian session scalpers, spread rates raise to about 8-17 pips on most pairs during the changeover. Sometimes you get lower about 6-10 pips. Sometimes higher about 26-30 pips. But 8-17 pips is usually the norm. Sometimes the swaps get abit high, if you're carrying your positions over night.
They do raise the spreads during high impact news. However that doesn't happen very often for me.
As for trade server downtime, I haven't really experienced any huge outages yet. And if it really did happened, then probably be about a few secs to a few mins.
Withdrawal via wire transfer took about 3 days for me. Wish it was faster. Paid about 65 usd in total.
That's all I can say for now. I will probably rate them about 7/10 overall. I think they're pretty good, though I wish their leverage of 500:1 would extend beyond 25k, then I could turn some of my accounts to high risk burst mode lol.
FXOpen can and will delay their clients orders AND is most likely trading against their own clients in the ECN platform. Why? Well, first anyone that knows how the mt4 works knows that even on an ECN platform, mt4 still allows the brokers to manipulate orders is they so choose.
I just had a situation where I caught them delaying my orders. I have talked back and forth with the tech support for a couple weeks now where they were supposedly trying to assist me. Even when presented with log files and screenshots, they kept coming up with excuses.
The last communication i received from them was the nail in the coffin. I sent my most recent log file and screenshot to them showing where mt4 had sent my order, I received a confirmation of the order being accepted, received a confirmation that my order is in process, and finally a confirmation that the order was filled.....over the span of nearly 4 seconds. During this entire time I have an EA working that tracks execution speed.too.
So....now that I had sent them absolute proof that my orders were intentionally being delayed, they responded. The response was......'First of all please note that according to the “Terms of Business” 8.4 :
8.4. If the Server Log-File has not recorded the relevant information to which the Customer refers, the argument based on this reference may not be considered.'
So, they conveniently leave the comments noting anything other than the actual order execution. I know because they sent me the corresponding log file and it had no trace anywhere that shows when the order was confirmed, or when the order was processing. It only shows when the order was actually executed.
You have been warned. If you have ever been suspicious of them, chances are you were correct in being so. Why do I say this? Because they put up a front of trying to assist me in fixing the problems with my orders being delayed by their servers for 2 full weeks, until I was able to produce rock solid evidence...and then they whip out the contract clause so they can ignore all information except what they choose to record in their own log files.
I used the standard account from May. 2010. and made some money on it. But I suffered a lot of requotes, no connection and some other issues from this year. And each orders will be consistently requoted if you size lots is big. And to be insufferable, the time of real2 server is not accurate. And the service is terrible.
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