EFX Group

Discussion in 'Forex Brokers' started by pairtracker, Nov 26, 2006.

  1. WHere are you trading, and which brokers are you finding to be the best? I am using Currenex platform with a WL partner. No major complaints here. I was with some bucket shops, but now I'm fairly satisfied. I do like Currenex.
     
    #91     Dec 20, 2006
  2. achilles28

    achilles28

    MBT-Steve,

    I am contemplating trading FX through MB with Neoticker front end.

    Can you provide back fill FX data? If so, what periodicy is it available in? Cost?

    Please provide the particulars.
     
    #92     Dec 30, 2006
  3. MBT-Steve

    MBT-Steve Sponsor

    achilles.....

    We currently do not offer back fill data but we are working on releasing this soon. I will be sure to let you know as soon as it is available.

    Regards,

    Steve
     
    #93     Dec 30, 2006
  4. achilles28

    achilles28

    How soon? Ballpark?

    Thanks
     
    #94     Dec 31, 2006
  5. GTS

    GTS

    Posted on the MBT SDK list about almost a year ago :confused:
     
    #95     Dec 31, 2006
  6. MBT-Steve

    MBT-Steve Sponsor

    Assuming nothing unforseen I would estimate about a month.

    Regards,

    Steve
     
    #96     Dec 31, 2006
  7. achilles28

    achilles28

    Good stuff, Steve! Thanks.


    Looking forward to it.
     
    #97     Jan 2, 2007
  8. I had looked at EFX for some time and was leaning toward opening an account there at one time. Since I don't scalp the spreads are not a huge issue for me. But I did notice that the interest rates are consistently twice as high on the negative side as they are on the positive and that was the reason I never opened a live account there. I see that as a rip off and usually if a broker is ripping off in one way, they are inclined to do it in many ways.
     
    #98     Jan 8, 2007
  9. Can you arb these guys against each other or can you never get a fill on the bad quotes?
     
    #99     Jan 8, 2007
  10. I agree! The Swap they pay vs. the Swap they charge is waaay out of line. Even the really sucky brokers are not this greedy. Take a look at what they pay (1standard lot) on GBP/JPY... It's $5.97 and there are many brokers (even bad ones) paying 22-24 per standard lot. Of course if you go short they wack you with -$15.84.

    Just so you know with a carry trade of only 1m that's around $4,809 they are taking out of your pocket every single month... Or around $57,708 per year.

    On the USD/JPY the long would pay $7.48 (1 standard lot) and charge you -$23.73 (1 standard lot). Most brokers pay around $12-14 and charge around $14-15. So the difference on only 1m long per month would be $1376, but if you go short you pay an extra $2,919 per month (1m short carry trade for 1month) over what most brokers are at.

    If you mainly daytrade and flat before 5pm ET this is a non-issue though. Other than that they look ok to me but I've not used them for the same reason as MountainTrader.
     
    #100     Jan 15, 2007