Forex Trading #51: Counterfeit ECN Brokers

[henok11254]

Hi steve. thanks for the information. I was really searching this information for many months. I saw all ur 50+ videos it is great. I am still on demo but I experienced all what u said. after listening to u I opened a demo with ATC brokers and all the problems are solved.the only problem with them,(as u metioned on ur video ) the minimum margine requirement is high for beginners like me

[ForexCoachingPros]

@henok11254 I'm glad that this information is helpful to you. One of the very best True ECN brokers that I am now working with is LUCRORFX dot COM for overall services and advantages, over other ECN brokers. They are not so heavily regulated. That's good with a true ECN Broker. I am not an IB for them, but I do recommend all of my students to them. Tell them I recommended you. It will help you to get the very best service advanatges possible as one of my clients.

[silverkosta]

FXCM provides its clientnts NonDD. FXCM utilizes an STP (straight-through processing system) whereby client orders are sent through to liquidity providers and filled on their prices in a near-instantaneous fashion. During periods of high volume or an occurrence of hardware or software failure, hanging orders may occur. Also, in the event liquidity providers are unable to provide liquidity to FXCM your order may experience delays in execution or you may not be able to place orders entirely.

[ForexCoachingPros]

@silverkosta I hope that FXCM has become a True ECN broker, or at least now provids a true ECN option, like you seem to be describing. Mabey they have been converted by market pressures to being honest, contrary to their Market Maker and Counterfeit Market maker past. I hope you're assessment is correct. But be very cautious. it's good if they have finally decided to be content to make less money on the volume of trades, than by taking risk in a counter trade conflict of interest.

[JTHunterPJ]

Hi, I really don't understand how a broker can pump up your money 50 times and let you trade with essentially someone elses money? Can anyone help me out on this.. It seems to me like there's something in it for the broker "all brokers" How can they afford to let customers trade with their money?

[ForexCoachingPros]

@JTHunterPJ

A True ECN broker offers his clients as much leverage on their margin as is being offerred by the ECN Banks as an incentive to traders. When broker offer more than that, they are playing the odds that your trades will ultimately fail like the vast majority of traders in the market, so they don't have to cover the difference when you win. He has no incentive to do this unless he is Counter Trading against you, in a conflict of interest, attempting to reap your losses.

[BaghdadBadBoy]

mb trading is a true ecn.....no minimal pips on stop loss or minimal pips for a limit order...would you agree Steve ???

[ForexCoachingPros]

@BaghdadBadBoy

MBTrading is among the better US ECN brokers, but more limited by regulation because they are US based. Regulation is perhaps good for corrupt Market Makers, but is completely unneccessary for the Honest ECN Broekr. Dod Frank hurts the True ECN Broker and their clients.  I now use Lucrorfx dot com for best overall foreign services and advantages. I am not their IB, but they serve my students and clients very well. Great Broker.

[dodgeshelbyviper]

Hi Stephen, great video. My question now is, based on this Video would you still recommend, MB Trading, PFG Best, ATC Brokers and LucorFX as your recommended ECN brokers from Video 49 and Comments under that video?

[ForexCoachingPros]

@dodgeshelbyviper

Hello,

Thank you for your question. I use lucrorfx.

Come see my website and lets talk about your forex needs.  I have all kinds of ways to help people to reach their trading goals.

Stephen Story

Forex Coaching Pros

forextidalwavedotcom

Skype name: mastercoach1

(011-01) 801-607-5249

[sownzgr8]

Very important segment here. Thanks.

[satjathamma]

thank you, very good info!

[dailyforman]

thank you for the video.

[roymakkaypl]

how many people make from 1000 $ -> 1,000,000 $ on forex ?

NONE

[ForexCoachingPros]

@roymakkaypl

I beg to differ sir. I have students who are now making livings with their trading. others who are now trading professionally with trading firms. Others who are making significant supplemental income from it. I am sorry that your experience has been so poor, Many people may feel similarly to you, but they would find a completely different and very positive experience at Forex Coaching Pros. Especially now that I have added my BionicCyborg Apprenticeship Trading Signal Service

[roymakkaypl]

@ForexCoachingPros I will be pleased If you could give me names of that trading firms..