I can't speak for other brokers, but the FXOpen ECN technology works on an open exchange basis. Your orders become a part of the available pool of liquidity and any other trader, liquidity provider or other counterparty can fill you. This is very fair and open. You know that your order is filled...
Hi Ram
Like I said, it all depends on the liquidity. The price you see in MT4 isn't necessarily the price you get. It is like that with any legitimate ECN. It applies to stops as well since they also appear as an order on the market.
Hi there.
I was invited to chip in to this conversation by the OP. I can only speak for FXOpen AU and how we work.
It is possible for you to be filled at a price that isn't on the chart on an ECN.
The price shown on the chart is the best available price, but it isn't necessarily the price...
This is a good thing. Now, if only they could deal with stupid and unrealistic leverage of 1:1000 or even 1:2000 some companies of dubious repute are offering.....
Hi ilearn2t
Yes, it is true. We outsource to them out of office hours. We also plan to have a cross support plan with the new FXOpen UK when they open their doors to the public. It means that we can provide a better service in a cost effective way. FXOpen NZ and FXOpen UK staff are familiar...
FXOpen AU lists some in the PDS and on our web page. Some are not revealed because of non disclosure agreements and I am sure the other brokers you mentioned also do not list them all. There is no legal requirement in Australia to list even one LP. Contracts like NDAs are an important part of...
I should stay out of this thread since I don't work for FXOpen NZ, however since you mentioned me I thought I should help you understand a little about FXOpen's ECN technology so you can concentrate on the real issues rather than going off on a tangent accusing them of misinformation about LPs...
Skrill is an FSA regulated payment processor. I find it hard to believe they are scamming anyone. It's simple really. If you are not prepared to prove who you are to comply with AML, don't use them or any other regulated processor or broker.
FXOpen Launches One Click Trading Level2 Plugin
FXOpen. one of the world's leading brokers in the Forex market, is proud to announce an update of the Level2 application. A new tool - One Click Trading Level2 Plugin - has been developed to bring ease and convenience to the order management...
Trading Hours on Christmas and New Year 2013
Dear Clients
Please note the following changes to the trading hours and terms during the Christmas and New Year holiday season:
FX (Currencies)
Mon 24 December 2012- normal trading hours
Tue 25 December 2012- CLOSED, REOPENS at 00.00...
Dear Clients
In the latest round of service improvements, we are proud to announce that Multi-Currency trading accounts are now available from your MyFXOpen Trader's Cabinet.
It is easy to open a new trading account from MyFXOpen.
1) Log in to your FXOpen AU MyFXOpen trader's cabinet and go...
Dear Clients,
In the most recent patch of your Metatrader 4 terminal, a new "signals" tab has been added to the bottom of the page by Metaquotes (the maker of MT4).
FXOpen does not endorse or promote this service in any way, and we do not accept any liability for financial loss that may occur...
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