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This is a discussion on JadeFX within the MetaTrader Brokers forums, part of the Brokers category; Here is the new brokerage which was created by Autotraders club which I am member of. It isnt live yet(u ...






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Old 06-24-2009, 05:34 AM
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Thumbs up JadeFX

Here is the new brokerage which was created by Autotraders club which I am member of. It isnt live yet(u cant open account), and MT4 platform available for download IS NOT official JadeFX MT4 with institutional spreads and execution, that MT4 will be available hopefully on Friday. U can browse a little, read some info about it, register on forum etc.

JadeFX Automated Forex Trading

Quote:
JadeFX is a trading club made up of experienced Autotraders who formed a brokerage in order to get the necessary conditions required to be a successful and profitable automated trader. We were tired of dishonest brokers who nickle and dimed us for every single pip. As Autotraders , we all trade using the same price quotes and spreads as all our members. This allow us the flexibility that retail traders do not have.

Most brokers want you to believe that they are offering you the best quotes and spreads. In reality Pure institutional spreads are most of the time 2 pips lower than the retail spreads.Some brokers even tell you that they are using STP technology while in the real sense they have Dealing Desks to handle your orders. We tried several brokers but unfortunately they did not deliver on the promises.

Welcome to the truth of how real true autotraders do forex trading.

FOREX TRADING

Institutional Variable Spreads

EURUSD 0.1 -- 1.6 Pips *

GBPUSD 0.2 -- 1.9 Pips *

USDJPY 0.3 -- 1.9 Pips *

USDCHF 0.3 -- 1.9 Pips *

EURGBP 0.6 -- 2.0 Pips *

EURCHF 0.6 -- 2.0 Pips *

EURJPY 0.6 -- 3.0 Pips *

AUDUSD 1.0 -- 3.0 Pips *

USDCAD 1.0 -- 3.0 Pips *

NZDUSD 0.8 -- 4.0 Pips *

Minimum Deposit: $ 400

Commission: 0.4 Pips / Lot

Minimum Lot for STP: 0.10 Lot

Spread Padding: 0 Pips

Margin: 1:100 , 1:200

Dealing Desk: None

Platform: MetaTrader 4

Membership Fee: $ 0

Trading Restrictions: None
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Old 06-24-2009, 06:13 AM
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looks good, ic you and phover already scouted this one out. wonder which EA's would be best to bring to these guys.
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Old 06-24-2009, 06:58 AM
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Well, I am waiting for official MT4 with institutional spreads and STP execution to test some EA's, and to see spreads in Asian session.
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Old 06-24-2009, 07:21 AM
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That's really great! Thanks. Looking forward to Platinum Membership for Nirvana members

By the way, is it set up through Boston Technologies?
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Old 06-24-2009, 07:38 AM
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thesecret - can you suggest they change the minimum lot size to .01 instead of .1 ...........pleeeeeeeeeeease ???
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Old 06-24-2009, 08:35 AM
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Quote:
Originally Posted by Ganglion View Post
By the way, is it set up through Boston Technologies?
-Yes

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thesecret - can you suggest they change the minimum lot size to .01 instead of .1 ...........pleeeeeeeeeeease
- Thats not possible because of Banks

Quote:
In STP type of Brokerage, the minimum lot accepted by a bank is 10k ( 0.1 Lot ) with increments of 0.1 . So if any broker offers you Micro Accounts and 0.01 Lots then you will be trading through a Dealing Desk. At JadeFX we don't have Dealing Desk and we don't offer Micro Accounts.
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Old 06-24-2009, 08:46 AM
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Quote:
Originally Posted by thesecret View Post
- Thats not possible because of Banks
Ah, that explains why all the ECNs I have looked at had the .1 as well. Thanks for the info.
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Old 06-24-2009, 10:52 AM
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As if on cue, I got this in the mail this morning...



It seems FXCM has sat up, taken notice of Boston Tech but more so of the customer dissatisfaction with NFA hedge rules.

BUT it's not ECN rather a bridge to FXCM's trading platform. I wonder if that still puts me in their aquarium.

Just got off chat with them and their markup is 1 pip so Jadefx wins.
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Old 06-29-2009, 02:02 PM
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Quote:
Originally Posted by thesecret View Post
Here is the new brokerage which was created by Autotraders club which I am member of. It isnt live yet(u cant open account), and MT4 platform available for download IS NOT official JadeFX MT4 with institutional spreads and execution, that MT4 will be available hopefully on Friday. U can browse a little, read some info about it, register on forum etc.

JadeFX Automated Forex Trading
There is a minor catch to this.
the cost is .4 pips but you have to trade a minimum 20 full lots per month, or you pay a charge of $200 per month.
For most people that would not be difficult at $2000 or $3000 accounts, but at the minimum $400, you would have them open and closed pretty fast to get 20 full lots.
Or have a very active EA.
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Old 06-29-2009, 02:50 PM
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20 lots = 200 0.1 lots

One month has 20 trading days.

200/20=10

Ten 0.1 lot trades a day to get 20 full lots a month.

In other words 1 lot a day.

Hmmmmm
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