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Warcius.
Could you keep us in the loop please? As an Australian (not far from Melbourne) I was going to open a FXCM account, but hestiated. Now I am open to different broker solutions. Currently with Dorman for Futures. If PhillipCapital allows us to trade futures and spot FX, via Ninja, I'd be very interested.
Thanks
Thanks for this.Never heard of Zorro before, but that's a really interesting possibility. Tradestation dropped the ability to trade forex pairs which brought my autotrading of them to an end, but this reopens the possibility, as it looks simpler to learn than MT
It´s ironic that Ninjatrader blocked good futures brokerage like Optimus to "clean up" the industry and are now in bed with the worst (FXCM). If Forex.com is going to be the only option then it´s goodbye to ninjatrader.
Ninjatrader has always known they could use Phillip Capital to allow all FX traders (even those in US) to trade FX on NT and use Phillip Capital offshore as the clearing agent. For some very odd reason, since early Fall of 2015, when this was first suggested to NT it just never happened. NT's solution was to stick with FXCM and I knew that was just a matter of time before that relationship ended badly.
My current solution - use MT5 through AMP for FREE and connect to FX Choice for my FX trading. MT5 is better than MT4 and you can trade futures on the MT5 platform through AMP. All I can say is, NT better hurry up and connect with Tallinex, Tradersway, or FX Choice in the next 30 days oe they are about to lose most all of their FX traders!
Does anyone know what is going to happen with FXCM's other global offices? Were they doing the same thing everywhere? And if yes what is the FCA in the Uk going to do to them?
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
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We can't live in fear like this though. There is a reason not to do anything in life let alone a business with risk like trading when we do. Broker "shenanigans" abound in the trading world. MF Global comes to mind.
If FX is not in your business plan, totally cool....but not from a belief based on fear of brokers.
That being said, there seems to be a disparage in FX between larger and smaller accounts. Larger in some cases get, no dealing desk, advantage.
@Jason Rogers care to offer any insights to this post please? Perhaps with more focus on the second quote please? Seems to be a common practice....
Ron
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
BerkutFX - thanks for the info, i think this may become my solution as well.
Just a quick question to make sure I understand this correctly
You use FX choice for your forex broker which offers MT5 for free ? Commissions are 0.035 for 1000 lots? (on the pro account) Or pay the spread (looks to be 1 pip) on the classic account
If this is the case then why is anyone using ninja trader anyways!! (i am because i own a license)
Now that AMP offered the MT5 platform for free to futures traders that really cuts into the NT business model. I see many leaving NT over this FXCM news unless NT rapidly adds some offshore FX broker capability...like before the end of the month.
You can get the MT5 platform for free from AMP. FX Choice may offer that platform for free also. I already had my MT5 platform before I connected to FX Choice. I use the Pro account option with FX Choice.