Which Broker?

[liggy002]

So, which broker and platform will this new EA be for? Does anyone know?

[admin]

FapTurbo Swiss Edition will only work with a Swiss ECN broker called Dukascopy (http://www.dukascopy.com/ibentry.php?ibref=415).

Sorry for not making that clear by starting an information thread. Although the fapturbo guys don't yet tell you which broker, I can assure you it's the one I mentioned at the top. I've also mentioned this in this blog posting of mine:

http://alansforexblog.com/2009/06/20/fapturbo-swiss-edition-is-coming/

[limitup]

This probably going to be the last post regarding FAPT Swiss Edition. Minimum to start standard account is 50K USD at Duksacopy.:eek::D The retail 10K account will have spreads no better than current brokers...so what is the point? 50K
to get closer to currenex prices.

[admin]

I don't blame you..this new fap version is going to price out a LOT of people. I wish they would've made a deal with Dukascopy to allow us to open accounts with smaller starting balances, but then again we'd still have to trade with minimum 1 standard lot.

The reality is that it seems if you want prices close to those banks and currenex offer you're going to have to play the same game as the big boys.

[limitup]

I don't blame you..this new fap version is going to price out a LOT of people. I wish they would've made a deal with Dukascopy to allow us to open accounts with smaller starting balances, but then again we'd still have to trade with minimum 1 standard lot.

The reality is that it seems if you want prices close to those banks and currenex offer you're going to have to play the same game as the big boys.

...finally somebody woke up to that fact.:o There is no true ECN unless you have a currenex account that has direct access to the banks...not even Dukascopy has this. The only ECN feed is currenex itself....if you don't have this, the spread will always come out of your ass. To promote an ECN as a direct connection to a bank is a lie. Duksacopy just like FXCM and the like widen the spread just enough so you won't notice. In real bank to bank trading there is no spread. That is the real truth....but, note that profits can still be made with a tighter than normal spread. Brokers claim liquidity providers are banks. That is not really true...They go through Currennex as well. So brokers can feed you any price...when in the real world on interbank pricing there is no spread. Why, because the worlds fiat currency system are nothing more than numbers. Good trading.

Note: Currenex offers both level 1 and 2

[limitup]

Actually if you know something about API integration you can choose other brokers. Brokers that are worth a toot have departments that specialize in API (automated programming interface) integration...but, at this time I don't see any reason to change...yet:rolleyes:;)

[alan]

Yep you're right. Many brokers offer a JForex API or some other API format, so technically you can adapt any EA to work with other good ECN brokers.