Well, if you are from the Philippines, I guess using your local broker wouldnt be too bad, since they will have a local office and is regulated by your local regulators (so if anything happens you can complain to them straight).

You will have to check out their business model (their market making and STP/ECN policies, and what sort of precaution steps did your local regulator imposed on Metisetrade - Just in case they go bust from market making too much) and also if their spreads are competitive (do take note some of the local clearing houses have additional charges).

P.S. the interest on the deposit is a very good advantage over other brokers, but I am skeptical on this. How would they calculate the amount of Interest to be paid, unless you win every/ majority of your trade, most of the time your account balance will increase and decrease as time goes by.

Thank you for you replying You can visit their site for more info about them metisetrade.com

nah, I'll pass, makes no difference for us Malaysian. Might as well use the other brokers that I have mentioned.

If you are from the Philippines, then it should be okay. Generally, Oanda, Alpari(UK), MBtrading, and Dukascopy are great.

EDIT: By the way, Oanda is a market maker. The rest are ECN.

This post has been edited by forexcoder: Sep 9 2013, 03:14 PM

Bro, not to be rude, but all of them are market makers with ECN/STP. 99% of the brokers out there are running a hybrid model (market make what they can and send out real trades to the interbank).

Haih morale so down now.. After gaining 50% of my capital after 2 weeks trading, now all gone just because of the audusd last Friday..

Greedy huh, thats what happens in FX, next time dont go ALL IN, this not poker... u cant scare the market

MC edi? i know that feel bro. I MCed my account soo many times until i lost count. but i lose 5$-50$ oni. never stop learning though.

I set a sell stop that day, can't believe it triggered it and went rocket up, if I set the sell stop just 2 pips away, would've avoided it. I didn't go all in, it's together with today's one as well, thought its coming down, when it came down, I short it again, and it went back up.

Didn't mc, but back to where I started when I open my acc 2 weeks ago..

relax bro, keep it up, fall and learn.

Slippage. Told ya to stay away from NFP.
Never mess with it.
Fall and Learn. Keep it up.

well, atleast u din kena margin call. can gain back ur money.

Thanks for the info. I thought Alpari, MBTrading and Dukascopy have a choice for ECN account.

Anybody here wants to share their statements, entries, exits, or anything related to today's trade?

Well, it doesnt really matter if they are Market makers anot. The important thing is they have enough funds and capital to support their market making activities. All of these internationally recognized brokers have enough funds backing them to market make for the clients; with that being said, they will also employ professional risk managers to oversee their Market making activities.

Btw, if there is really a true real 100% stp broker, the client's will be able to trace the orders to the liquidity provider (Interbank participants - Citi, goldman, UBS etc etc)

today is moody monday ...never trade on monday ...tomorrow would be ok then ..

i got some pending trades on GJ and will put more lot after i confirm my analysis for tomorrow

I am done for today. Just a few scalpings are enough.

Yea, CitiFx itself citibank is the liquidity provider.
but to join those broker, you must have SOLID SOLID MARGIN! haha

Need huge capital too

our ex-country leader got more than enough.
we just dream when we sleep.