FXOpen ECN/STP Demo. Really ECN level II?

Quiksilver · #1 (**permalink**) 05-26-2009, 01:18 PM

FXOpen ECN/STP Demo

We are glad to announce that starting from Tuesday 28th April our new ECN/STP service will be enabled in Demo mode.

We would like to invite you to help us to test our new service by opening an FXOpen ECN Demo account and test all it's options during the next 2 months.

Read more at FXOpen

thesecret · #2 (**permalink**) 05-26-2009, 02:08 PM

....and read more about this scam broker here.

finimej · #3 (**permalink**) 06-27-2009, 08:18 AM

FXopen ECN II has the exact same price and liquidity volume as shown on the dukascopy. but it minimum trade lot is 1 lot. which is too large for normall trader.
with ATCbrokes, you can trade from 0.1 lot.

alan · #4 (**permalink**) 06-29-2009, 05:37 PM

So what you're saying is that FXOpen's ECN II is just a whitelabel of Dukascopy?

fxfrench · #5 (**permalink**) 10-19-2009, 04:02 AM

Hello Forex Nirvana Forum!

Quote:

Originally Posted by thesecret

....and read more about this scam broker here.

Scams don't last as long, nor do they grow as large as FXOpen is. You can do the same google search for any company.

Quote:

Originally Posted by finimej

FXopen ECN II has the exact same price and liquidity volume as shown on the dukascopy. but it minimum trade lot is 1 lot. which is too large for normall trader.
with ATCbrokes, you can trade from 0.1 lot.

FXOpen is working on lowering the minimum trade size on ECN, however trades of less than one standard lot would be aggregated with the liquidity providers since the market doesn't accept less.

Quote:

Originally Posted by alan

So what you're saying is that FXOpen's ECN II is just a whitelabel of Dukascopy?

FXOpen has a prime broker agreement with Dukascopy. It's not a white label.

fxfrench · #6 (**permalink**) 10-27-2009, 04:30 AM

Dear Clients

FXOpen's revolutionary ECN/STP service just got better!

On all live ECN/STP accounts, you may now place orders as small as 0.10 lots! (10,000 units of base currency)

This is great news for those of you who would like to try trading in the ECN world but have smaller account sizes.

If you are trading volumes less than 1.00 standard lots (100,000 base currency), there are however a few differences to the normal ECN model of execution

1) As not all of our liquidity providers accept orders of less than 1.00 standard lots, smaller volumes may need to be aggregated first and processed according to the STP model. This may mean there is a risk that you will not be filled, however during testing we have experienced a rejection rate of only a few %

2) Limit orders of less than 1.00 standard lots will not appear in the LVL II order book

3) Orders of less than 1.00 standard lots placed inside the spread will not cause the spread level to change but will be processed according to the STP model

Increments of 0.01 are still supported meaning you also trade 0.11 or 0.12 lots for example. The minimum volume is still 0.10 lots.

FXOpen strives to listen to you and improve it's services. Recent developments such as PAMM for account managers and now the lower minimum volume on ECN/STP just go to show that we take our client's suggestions seriously.

If you would like to suggest more improvements to FXOpen's services, please drop by our Client Proposals Forum and make a suggestion. If it is viable, your suggestion may be implemented!
http://forum.fxopen.com/forumdisplay.php?f=163
We hope you like the latest improvement to FXOpen's ECN/STP service and we look forward to delivering more improvements in the near future.

Regards

FXOpen Management

limitup · #7 (**permalink**) 10-28-2009, 04:44 PM

Quote:

Originally Posted by finimej

FXopen ECN II has the exact same price and liquidity volume as shown on the dukascopy. but it minimum trade lot is 1 lot. which is too large for normall trader.
with ATCbrokes, you can trade from 0.1 lot.

..but still min of 5k to open account at ATC

fxfrench · #8 (**permalink**) 11-01-2009, 01:32 AM

Quote:

Originally Posted by limitup

..but still min of 5k to open account at ATC

FXOpen's ECN now accepts volume as small as 0.1 lots! Volume smaller than 1.00 standard lots is aggregated by the Prime Broker on an STP basis. $1000 min deposit