Could someone give me a clear answer to a question regarding requotes. I have read in various posts and forums that a true STP broker will NOT have any requotes and will NOT offer fixed spreads. I am thinking of funding an account with TadawulFX who say they are STP but have fixed spreads and in their reviews a lot complain about requotes. I contacted TDFX customer services who say that every broker will have requotes during low liquidity. Any answers ???
Hello Bowmaker,
First there are terms like /liquidity/, /requotes/, /STP/... which should be understand correctly, because bucketshops like to using these "wall-street" words but most of them are bull****s ...
Liquidity ... Bucket shops DONT HAVE liquidity because their platform is not connected to real market, its a simple pc program /their feed/ ... thats all, if you would like more infos write and ill explain
Liquidity... of "real" ECN brokers means they are connected to real market, that means there are Low Liquidity on the forex market, but every trader has to now that "forex market is most liquide market on world" ... low liquidity is every night on minor currency pairs, this means:
Example
you would like to open 50 standart lots /5 000 000/
price is 89.90.... you want go long
lots number 1-10 filled at 89.91-92
lots number 11-50 filled at 89.93-90.00
if example is not good for understand please write and ill try to explain better
so now WHO is ecn/STP broker - you wrote STP - this means straight true proccesing - this means - you click and your order will be 1 on 1 000 000 000 that are currently on market, but problem is how much cost access to real forex market ? why there are plenty of bucketshops with minimum deposit 200 usd ? because that access is very expensive
and noone allow you trade less than 5 lots on real forex market, its small amout
I remember Hotspot fx and their huge advertisement campaing and bla bla ... they were not ECN also, it was simple bucket
In theese days companies like Dukascopy and similar like to say "ecn" "stp" ... i would say they are not .. and im 80 % sure
If broker says he has "low liquidity" its bus****
If broker says he slipped you requote you... because of low liquidity its bull****
Broker slips you because they aim for every pip,
Reason why you were slipped its because you are on "black-list" .. want know more ? no problem .. not in this post
Fixed vs variabile spreads ?
No problem for skilled programmer make platform of your dreams