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You shouldn't see much difference in price for liquid pairs between decent brokers. Oanda's spread is huge, I wouldn't use that as a reference point. I don't have access to LMAX, but I assume the liquidity & spreads there are as good as anywhere. Yes, you only see the order book & traded prices/volume that occurred on LMAX. Same with any broker. For example some platforms (cTrader) show volume, but this is only the aggregate volume of the liquidity providers that particular broker uses. Using LMAX volume is probably a better option that using tick volume from FXCM.
Main reason I recommended LMAX was because of the MC integration & transparent exchange style trading.
Can you help answer these questions from other members on NexusFi?
I see the CFD Hong Kong 50 does not move in the same way with the underlining assets, while in Oanda it moves almost 99% the same(judging from swing high and swing lows ), while this is not a major CFD, does the major ones such as DAX and SP500 move in the same way with their underline assets?
Hi kristian
I got the LMAX for MC, the data speed is much more faster than that with Oanda.
Few things I noticed:
1. it's not traded 24 hours.
2. so sometimes there's a gap.
3. in Far East's morning, the USD/JPY, AUD/USD are not heavily traded in Lmax.
And the most important thing I am now wondering is:
Since Lmax works like an Exchange, so the price of the instruments traded in LMAX is ONLY driven by the trades that took place within LMAX? On hourly, 4 hour charts, the Price changes are almost the same with those quotes from FXCM, Oanda? Like the AUD/USD example, price will gap to catch up with the worldwide Forex market movement. So I can trade the Forex at LMAX just like future contract in CME? And most importantly, I can rely on the traded volume at LMAX more than those tick volumes at FXCM/OANDA?
FXCM offers real-time volume data in addition to the tick volume data. Our real-time volume data displays the actual transaction volume with FXCM. It’s available on our Trading Station desktop platform and can be accessed with a demo if you don’t have a live account.
Jason
If you have questions about our services at FXCM please send me a Private Message.
I got hooked today. I was short the CFD US SPX (of ES), put a stop at 2668.2, while the stop order triggered when the high was 2668( traded price, the spread is 0.5). Then the market plumeted......
Hi, if I use my own Multicharts to trade with Lmax, would there be any API/data fee? What is the type of Multicharts' API Access? If it's java/.net, it would be free, I just don't know the type.