Reitings: Empty Star Empty Star Empty Star Empty Star Empty Star
A look inside Price Markets.com
neosouvik

Biedrs kopš Jun 13, 2012  8 ieraksti neosouvik Dec 06 2013 at 16:36
I ain't calling it scam but,,,,,be careful before investing...

pricemarkets inefficiency:


My real trading broker:


Pielikumi:

sirius1fx

Biedrs kopš Oct 23, 2012  343 ieraksti sirius1fx (sirius1fx) Dec 06 2013 at 19:51
Last night my demo account hit margin call because of this at pricemarkets, while my other accounts at other brokers didnt...

But at the same time some of the other brokers had some missing data also but not nearly as much as pricemarkets...

if you follow the flock like sheep you always end up stepping in shit!
neosouvik

Biedrs kopš Jun 13, 2012  8 ieraksti neosouvik Dec 06 2013 at 22:30
It looks like---- fixed spread. 4digit brokers are still the best for smooth trading than all these non-sense-ecn0.0pips-bucket shopsmad

PriceMarkets

Biedrs kopš Dec 02, 2013  9 ieraksti PriceMarkets Dec 16 2013 at 18:25
Hi guys,

Thanks for the postings, we appreciate any debate on our pricing conduit.

Taking a look at the post from neosouvik:

The pricing was over NFP on the 6th of December 2013. As you probably know, MT4 only shows Bids on the charts (the price you sell at). We have 3 main gold price makers on our Currenex who push through liquidity onto our MT4 - over NFP - gold liquidity generally drops before it's pushed back into the markets.

Looking at the charts and taking two different scenarios:

1. If you are long Gold before the data - why is our pricing worse? With your other broker the price is slipped down to 1207 area, while Price Markets gold price hit a low of around 1213 (that's around 6 USD difference). If you would be long into data - it would be less risk of margin call or bad stop losses getting hit with Price Markets. As you see market picked up when liquidity got into play and it got back to pre-market levels.

2. If you are short gold before data - this chart doesn't really show you how you can cover it - because it's just showing the BID. However, if our bid was what the charts displays, it means our Ask price (the price you buy at) would be around the same figure. Comparing it to the other chart, the real market had no interest in dealing - so the other chart you are displaying is most likely an e-commerce feed - which rarely has an actually intent to deal behind it.

Regarding sirius1fx post:

How would pricing over NFP affect your over-night positioning?

Regarding FX and direct market pricing:

We provide no last look, direct pricing from our pool of banks who provide interest-only liquidity - meaning the price you see has someone on the other side with an intent to do the deal with you. Getting a lot of top of book quotes, but no real intent to deal is not important - although it makes the charts look nicer.

In the 'real' FX market - what matters is interest-only - banks, hedge funds and other institutions pay big money to access pools where they know that there is an interest behind the prices they receive - because when you are planning to trade - all you need to know is that the price you see can be dealt on.

Our direct banking relationships enable us to provide this and we are one of the few prime brokers in the world who actually display the names of each counter-party on Price Markets Currenex - because we understand that transparency in pricing means everything to our clients. That same pricing is pushed to Price markets Dynamic MT4.

More than welcome to post more questions. All the best! /Alex

Lūdzu ienāciet, lai komentētu.
API Weekly Crude Oil Stock (2h 1min)
Key Words: Tim Cook says his employees a...(12 min ago)
EURUSD 1.23528 GBPUSD 1.39981
USDJPY 107.393 USDCAD 1.26333
FxPro

Tools

Kopiena

Apskats

Brokeri

Platforma

Atbalsts


Twitter |  Facebook |  Lapas karte  |  Noteikumi  |   Privacy Policy
©2014 Myfxbook Ltd. All Rights Reserved.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.