Spot FX feed for NT other than Kinetick?

Discussion in Brokers

Updated July 29, 2015

Spot FX feed for NT other than Kinetick?

vchase · 2015-07-29T14:37:08-04:00

In my experience, FXCM fx data from Kinetick has spreads 10 times wider than FXCM data from an FXCM demo account ( which is the same spread as seen on the FXCM website homepage). I have an indicator in NT7 that plots the spread... with data from the FXCM account the spread on EURUSD is usually around 0.2 ( it sometimes even touches zero), but via Kinetick the spread is about 2.5pips. However, the tick-volume via Kinetick is much greater than direct from FXCM. The spread varies over time in both cases, but they never overlap or swap in terms of which is the wider one by a factor of ten. Basically the free one ( free with a funded account) has much tighter spreads than the one we have to pay for. I don't know if the FXCM brokerage service has slippage problems. It seems to have a bit of a reputation for that, but the spreads are definitely much tighter than those from Kinetick ( and of course Kinetick is not filling orders, just supplying data). I don't understand how both feeds can in any way be marketed as being from a similar source. i.e. 'from FXCM'

July 29th, 2015, 02:37 PM	#11 (permalink)
vchase London Elite Member Experience: Beginner Platform: NinjaTrader Trading: silver,SI,YI,ZI, ES,EURUSD Posts: 44 since Sep 2010 Thanks Given: 13 Thanks Received: 16	In my experience, FXCM fx data from Kinetick has spreads 10 times wider than FXCM data from an FXCM demo account ( which is the same spread as seen on the FXCM website homepage). I have an indicator in NT7 that plots the spread... with data from the FXCM account the spread on EURUSD is usually around 0.2 ( it sometimes even touches zero), but via Kinetick the spread is about 2.5pips. However, the tick-volume via Kinetick is much greater than direct from FXCM. The spread varies over time in both cases, but they never overlap or swap in terms of which is the wider one by a factor of ten. Basically the free one ( free with a funded account) has much tighter spreads than the one we have to pay for. I don't know if the FXCM brokerage service has slippage problems. It seems to have a bit of a reputation for that, but the spreads are definitely much tighter than those from Kinetick ( and of course Kinetick is not filling orders, just supplying data). I don't understand how both feeds can in any way be marketed as being from a similar source. i.e. 'from FXCM'