Td ameritrade forex ecn

CMC Markets reports rise in client numbers, expects even more. It has a proprietary trading platform, which has both its good and bad sides. The parent company, GAIN Capital Holdings, Inc. The platform also allows synch across all devices and has applications for smartphone and tablets. It is one of the five forex brokers currently actively operating in the country, even though it is considered a lucrative market.

You are using an out of date browser. It may not display this or other websites correctly. You should upgrade or use an alternative browser. Log in ttd Sign up. Are they a good broker for FOREX? I like their TOS platform. How are their fees relative to other brokers?. How are their fees relative to other brokers? Commission plan also has tighter td ameritrade forex ecn obviously but not great either. Also, with TD, your fx trading is cleared and executed thru Penson as TD does not have the infrastructure to take away that last piece of business from Penson.

Last week, TD sent an email about Penson's new slippage policy:. Slippage and Re-quoting Policy. Slippage is a term referring to a market situation in which an Order for a particular Currency Pair is filled at a price which is different from the requested price of the Order because the price requested is no longer available. PF applies slippage settings uniformly regardless of the direction in which the market has moved.

If PF decides to ameritrqde prices when the market has moved against it, PF will also re-quote prices when the market has moved in its favor. PF does not apply different slippage settings or re-quoting practices based on the customer. If PF decides to do so, PF will disclose this fact to the client and indicate the guidelines used to determine appropriate settings and practices for that client. Slippage is possible on all Order types. Stop Orders are activated at the price designated by the client.

The Stop Order will be executed at the next price ameriitrade is available. Buy Stop orders are executed at the next available offer price and Sell Stop orders are executed at the next available bid price. The possibility of slippage increases during fundamental announcements, at ameritrzde times, and at times of extreme market volatility. The release of fundamental data and extreme world events many times causes increased volatility in the market. When economic data or world events are announced, the market may "gap" in a particular direction.

This means that there are no tradable prices between the actual price at which the market was trading prior to a fundamental announcement or world event and the price available after the market has adjusted, following the announcement or event. Prices move very quickly and orders are filled in some cases at prices very far away from the stop price. Requoting is a sign of a dealing desk that is trying to offset your trade eecn opposed to an ECN which lets your orders be matched up against other orders directly.

Dealing desk brokers have been beaten to death in this forum so take it in to consideration. If scalping, probably not a good fit for you but if swing trader, it td ameritrade forex ecn dukascopy jforex wiki. If scalping, probably not a good fit for you but if swing trader, it might work. So the broker is essentially trading against me? I don't believe that to be true. These tx, TD and Penson don't have a Prop desk.

They have liquidity providers that bid and offer in the system. After the trade is complete, the FCM, in this case Penson, maintains counter party risk to td ameritrade forex ecn sure each party receives or pays their profit or loss on each trade, after the trade is unwound. You must log in or sign up to reply here. Your name or email address:. Do you already have an account? No, create an account now.

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Apr 28, 2012  · TD Ameritrade FOREX. Discussion in ' Forex Requoting is a sign of a dealing desk that is trying to offset your trade as opposed to an ECN which lets your.