Donna Forex Forum

Brokers => Brokers => Topic started by: Bigsteve on March 18, 2012, 12:02:56 AM

Title: FXPig
Post by: Bigsteve on March 18, 2012, 12:02:56 AM
Below link is regarding their principal, Kevin Murcko, with respect to a program (FXHoy) previous to FXPig

Google Kevin Murcko FXHoy. FPA also has a page each for FXHoy and a page for FXPig

http://www.talkgold.com/forum/showthread.php?s=9a668658d5805388092c17ddea713a8a&t=228961&page=37

Please take note this is NOT brought to bear on any specific trader, EA author, or other person who facilitates their services. If this information is to be refuted then leave the door open.
It is only about the informaion you see here.
This information I freely found on the web.


Steve
Title: Re: FXPig
Post by: muzzamcc on March 18, 2012, 12:33:58 AM
So I found all the negative stuff about him and his investor scams.  It is very interesting that he now is the principal in a firm that is regulated and by all counts seems to be doing fine.  I am having a hard time seeing where the scam is in the broker.  I will have to admit it seems weird.  Personally I will stay away from them.  I even read some good reviews about their broker services.  Maybe he took some medicine that made him "all good" for now.
Regulated in NZ, I don't know that I would put much faith in that. I haven't heard good things about their regulation of forex. I don't know if the broker is decent or not, but NZ regulation I'm wary of. Website does look pretty good though. I'll skip them for now as I have other brokers to use with hft bots. If they really do outperform significantly though i'll have to try them, maybe just with small deposits, high leverage and frequent withdrawals.
Title: Re: FXPig
Post by: Gekko on March 22, 2012, 01:18:04 PM
A quick note as i have just seen this thread. I have been with FXIG for about 4-6 months, and in that time i have found them very helpful, in fact the after sales has been the best i have come across by far, both in fx and out! I have been a member of the DOOR managed account and have had a few DMA accounts with them which I have closed to open new accounts on the new ECN feed (by the way, when it was opened one of the guys skyped me asap to tell me it was open as I was desperate to trade the NMi super scalper on it)

Also on their blog is this post about FXHOY http://blog.fxpig.com/

I know this sounds like a sales pitch, but I thought I would post this as they have been good and helpful to me and I am in no way any thing to do with them.

This is my myfxbook if anyone's interested, there will be another one set up very soon with the same settings just at a different VPS to see if there are any differences in trades

http://www.myfxbook.com/members/spoon/fast-scalp/264126/wJPRH3gzzpmYOBDeobtD (btw, the first  few trades where mdp, which i took off as my vps was under powered)
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 05, 2012, 01:22:37 AM

A big thank you to Gekko for posting the link to our forum, I appreciate that.

A quick introduction; I am Kevin Murcko, CEO at FXPIG. If anyone has a question related to our company or anything regarding forex in general feel free to PM me or post it here on this thread. I will be monitoring any new posts on a daily basis.

Just an FYI however, if you are an FXPIG client and you need to contact us for any reason please make use of our helpdesk at http://helpdesk.fxpig.com for the fastest response possible.

Cheers,

Kevin Murcko
Title: Re: FXPig
Post by: forexforever on April 05, 2012, 11:24:24 AM
Below link is regarding their principal, Kevin Murcko, with respect to a program (FXHoy) previous to FXPig

Google Kevin Murcko FXHoy. FPA also has a page each for FXHoy and a page for FXPig

http://www.talkgold.com/forum/showthread.php?s=9a668658d5805388092c17ddea713a8a&t=228961&page=37

Please take note this is NOT brought to bear on any specific trader, EA author, or other person who facilitates their services. If this information is to be refuted then leave the door open.
It is only about the informaion you see here.
This information I freely found on the web.


Steve

this sounds similar to the guys that run boston technologies. they had a big fund seperate to the boston and then did the dodgy and supposed lost everyones money but seems the syphone it off. now they have boston prime regulated by the FSA UK and the 2 guys named in the previous scam are on the board of directors for boston prime and have been approved by the FSA.

i would assume the FSA regulation is muvh tighter the NZ operation. i heard the regulation is lame and thats why there are so many new brokers setting up shop there. just because its a good country people think the regulation is better than cyprus but its probably the same....
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 05, 2012, 09:41:52 PM

If loosing investors money equates to a scam then just about every high profile investment manager from Buffet to Paulson and down the line are guilty of the same 'crime'.

Investment carries risk, sometimes, actually MOST of the time, losses are incurred. There is nothing sinister or criminal about losses in leveraged trading, it is a reality.

On to the regulation comment; NZ is a stepping stone for us. As a small boutique outfit we didn't have the capital necessary to acquire a license from the EU or UK starting out. Our internal compliance is already on par with MiFD standards the ONLY difference is we don't hold the minimum capital requirements as needed under EU legislation. Being 100% STP and the fact we do not hold client funds really does set us apart from the standard regulation categories anyway. However we have made the initial step to regulate ourselves in the EU, which via the MiFD rules will eventually passport us into the UK.

Regulation is not difficult, it is not expensive, the ONLY thing that separates an honest regulated broker in the EU, USA, UK from an honest broker who is domiciled elsewhere is minimum capital requirements. Regulation is not a clean bill of health for any company, look at MF-Global, the latest is an ever growing number of 'regulated' companies that continually allowed unethical and illegal operations to occur under it's watch.
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 05, 2012, 09:46:14 PM
FYI on Cyprus; it is MiFD complaint, meaning it's regulations and that of the FSA in the UK are on par with one another. Cyprus does have different classifications of licenses that the UK does not and different capital requirements, however the basic legislation is nearly identical.
Title: Re: FXPig
Post by: Gekko on April 05, 2012, 09:54:47 PM
I have  read that article as I have a few quid with fxpig, as far as I can see Kevin ran a high risk high reward MA….he did not and could no run off with peoples money. And like I said in an earlier post, they have been more than helpful and very willing to answer any question I have had. Many years ago I lost more to a broker that was heavily regulated, personally I would rather have the trust in people than a false belief that the regulating body will protect me. But each to their own :)


And personally i think its great that someone who runs a brokerage has put themselves "out there" to answer questions as it always feels like its us Vs the sneaky brokers!
Title: Re: FXPig
Post by: Gekko on April 05, 2012, 09:58:38 PM
So, first question:

ECN feeds, do brokers make money if i loose trades, for instance, the much talked about MDP plug in. Is this used just by bucket shops that we do know make money when the trader looses, is it the same with ECN? or would you rather everyone make lots so your commission goes up?

Title: Re: FXPig
Post by: Kevin @ FXPIG on April 05, 2012, 10:13:52 PM
So, first question:

ECN feeds, do brokers make money if i loose trades, for instance, the much talked about MDP plug in. Is this used just by bucket shops that we do know make money when the trader looses, is it the same with ECN? or would you rather everyone make lots so your commission goes up?

In an ECN there are a lot of participants from banks to other brokers to hedge funds, etc. Somewhere in the mix there are desks, meaning somewhere within the network someone is market making.

We as a broker take no sides, so for us we would rather see winners as this way we all continue to make money. Even some market makers only hedge to offset risk so they don't exactly 'make their client's losses', however indirectly this will always be the case.

Now if the top of book price you hit is from a hedge fund or broker using a desk there is a possibility your exposure will be hedged, this does not mean they are expecting you to lose, just that they need to offset risk to someone else.

As I mentioned earlier at some point there will always be a desk, whether it is a bank's desk or a broker's desk. I doubt a plugin for MDP exists, this makes MDP seem much more important that it actually is, however just as retail clients use bots to try and win at this market so do brokers and banks. This is now the market functions.

Some people think a bank, having the ability to see standing and resting orders can someone just sit around and make tons of cash on a daily basis by going with or against retail trends. Sorry, this is pure fiction. All they can see is their networks liquidity and even the biggest ECN or FX Bank only clears anywhere from 5 to 10% of all daily transactions, so with the size of this market no one can manipulate it enough to ensure constant gains.
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 05, 2012, 10:24:06 PM
One other comment; volume in FX is king. Even a market maker (an honest one) wants more volume. A market maker needs to hedge their risk to stay in business, but they do not want their book full of loosing clients as new clients cost money to obtain.

The old way of market making was dishonest to say the least, and as the retail market was relatively new, getting new clients was cheap. This created a free for all and started the seemingly never ending stream of new regulations from the CFTC and the like.

I read in another post someone making reference to spread widening after MDP did well on a brokers feed. Well this broker may have had a desk, the desk was unable to hedge risk efficiently given the speed at which positions are opened and closed so in order to combat this they marked up their spread. Not the best way to go about it in a business sense but certainly one way to stop the unmanageable trade flow.

Title: Re: FXPig
Post by: Mic on April 07, 2012, 08:21:07 AM
One other comment; volume in FX is king. Even a market maker (an honest one) wants more volume. A market maker needs to hedge their risk to stay in business, but they do not want their book full of loosing clients as new clients cost money to obtain.

The old way of market making was dishonest to say the least, and as the retail market was relatively new, getting new clients was cheap. This created a free for all and started the seemingly never ending stream of new regulations from the CFTC and the like.

I read in another post someone making reference to spread widening after MDP did well on a brokers feed. Well this broker may have had a desk, the desk was unable to hedge risk efficiently given the speed at which positions are opened and closed so in order to combat this they marked up their spread. Not the best way to go about it in a business sense but certainly one way to stop the unmanageable trade flow.

Do you accept US clients?
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 07, 2012, 08:52:58 AM
We do...if you fall into one of the ECP Categories or you are the director/shareholder of a non-US based corporation/foundation.

Cheers,
Title: Re: FXPig
Post by: robl45 on April 08, 2012, 12:40:25 AM
We do...if you fall into one of the ECP Categories or you are the director/shareholder of a non-US based corporation/foundation.

Cheers,

so if a US resident has a BVI IBC and they are the director and shareholder, thats okay, you can still accept them?  just trying to make sure in case I decide to go through that hassle.
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 08, 2012, 06:50:03 PM
That is correct.
Title: Re: FXPig
Post by: Gekko on April 20, 2012, 02:27:19 PM

Looks like your in-house managed account (DOOR) did alright this week.......14%, suppose that would just about be acceptable  :P

http://blog.fxpig.com/

Title: Re: FXPig
Post by: robl45 on April 21, 2012, 02:39:08 PM
is the site down? i'm getting xml errors on chrome
Title: Re: FXPig
Post by: seamonkey on April 21, 2012, 02:47:36 PM
Appears so, their blog says their Amazon’s Cloudfront Servers are down and they are working on it.
Title: Re: FXPig
Post by: Sylvain @ FxPig on April 21, 2012, 03:18:22 PM
Yes indeed that should be solved soon. Here is the blog message :



FXPIG Main Web Site Down
April 21 2012 by CEO in Updates |No Comments

It appears there is an issue with Amazon’s Cloudfront Servers which is causing our main web site to not display properly.

We are working to solve this as quick as possible and get the site back online.

During the downtime you will still be able to access all of our externally hosted resources:

http://helpdesk.fxpig.com – ONLINE

http://blog.fxpig.com – ONLINE

And of coarse this outage in no way effects our trading servers, the issue is 100% related to our main web site and our main web site ONLY.
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 22, 2012, 04:40:34 AM
Our main web site, located at http://www.fxpig.com is now back online.

We are still not 100% sure what caused the downtime, but it appears there was a connection issue between our Cloud Storage and the Amazon Cloudfront Content Delivery Network.

In order to gain a better control over the stability of our site and it’s network we have moved it to our own Cloud Servers which are monitored directly by our Development Team.

As always, in the event of any downtime please check our blog for the most up to date information. We also publish service updates via the following Social Media Sites:

Google + – http://gplus.to/FXPIG

Facebook – http://facebook.com/FXPIG

Twitter – http://twitter.com/OINK411
Title: Re: FXPig
Post by: iwillsurvive on April 23, 2012, 01:15:54 PM
Our main web site, located at http://www.fxpig.com is now back online.

We are still not 100% sure what caused the downtime, but it appears there was a connection issue between our Cloud Storage and the Amazon Cloudfront Content Delivery Network.

In order to gain a better control over the stability of our site and it’s network we have moved it to our own Cloud Servers which are monitored directly by our Development Team.

As always, in the event of any downtime please check our blog for the most up to date information. We also publish service updates via the following Social Media Sites:

Google + – http://gplus.to/FXPIG

Facebook – http://facebook.com/FXPIG

Twitter – http://twitter.com/OINK411

Hi Kevin,

Would it be alright to show your open trades for your DOOR ECN system?

http://www.myfxbook.com/members/FXPIG/door-ecn/275774

Also, what are the important differences between your DMA & ECN account?
I notice the ECN account is a new addition for fxpig. you guys started with the DMA account originally :)
Title: Re: FXPig
Post by: Sylvain @ FxPig on April 23, 2012, 05:01:25 PM
Hello

First of all, with the figures the system is showing lately we have been obliged to hide our trade data as some people where looking far too closely and asking far too inquisitive question on the system probably to try to reverse engineer it...We have to protect ourself. We do not have any open trade open; Actually the system is only trading few hours a day and all trades are close when the cession is over. we do not have money in the market overnight, never.  We understand the need of transparency and that you might not take my word on that of course and i understand that. So to replace the full trade data we have decided to open a live streaming of the system where we will be able to choose what we want to show. I hope this will be available on our website by next week. At least you will be able to verify there easily what i am saying above (same account than the myfxbook you mention)


As for the DMA you are perfectly correct - We tried to make the system work on the DMA all last year, trying to shape our feed/liquidity as we thought would be beneficial for the system  - But it is fair to say that we did not really succeed at the level we were hoping. We then moved it on our ECN, and results are satisfactory so far. Hope it will continue in that direction. Do not forget this is a risky forex investment and the actual low 5% drawdown notably  will most probably not remain at this level ... You will see 30% drawdown on this system and this has to be aknowledged before stepping in...
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 23, 2012, 05:45:10 PM
Actually up until last week we did show all the open and pending orders as well as the entire account history, however we then came to find out that at least one reverse engineering expert was attempting to use his expertise to re-create our system, so in an effort to protect our property we made most details private on both MyFXbook and FXSTAT.

The main differences with the ECN is more overall liquidity coverage, more liquidity tiers, tighter pricing between tiers, the addition of many more LPs, added retail and institutional client liquidity in the main book, and TPs are executed as limit orders.

Cheers,
Title: Re: FXPig
Post by: Sidekickeh on April 25, 2012, 05:16:06 AM
A quick note as i have just seen this thread. I have been with FXIG for about 4-6 months, and in that time i have found them very helpful, in fact the after sales has been the best i have come across by far, both in fx and out! I have been a member of the DOOR managed account and have had a few DMA accounts with them which I have closed to open new accounts on the new ECN feed (by the way, when it was opened one of the guys skyped me asap to tell me it was open as I was desperate to trade the NMi super scalper on it)

Also on their blog is this post about FXHOY http://blog.fxpig.com/

I know this sounds like a sales pitch, but I thought I would post this as they have been good and helpful to me and I am in no way any thing to do with them.

This is my myfxbook if anyone's interested, there will be another one set up very soon with the same settings just at a different VPS to see if there are any differences in trades

http://www.myfxbook.com/members/spoon/fast-scalp/264126/wJPRH3gzzpmYOBDeobtD (btw, the first  few trades where mdp, which i took off as my vps was under powered)

Thanks Gekko. I just read the blog post.

Geeze.. just read this part too. "The fact is I personally ran a high risk managed account at a known brokerage, OANDA, and made a return of nearly 800% in 4 months in late 2008. Then in early 2009 we took a huge hit, nearly 90% in a 3 day window."

Thats pretty crazy Kevin. Quite the return. IMO, you need to get your head out of the retail frame of mind I think. Trying to make such huge returns with other people's money. Its not worth it. And it can only be done on small client money. Never on institutional (big money). I always ask people.. what good is making 1000% if you can lose 100% the next day? It takes some people a bit of time to grasp that, but most eventually do. 

I would focus on your brokerage, and working with low risk, large client trading. Otherwise this story above is going to become the story of your life. Just my 2 cents. of course you are free to do what you like, and to tell me to go get lost and mind my own business, and same with everyone else. j/k. I have myself had traders lose 90% of my funds in a day before, so can relate to it, and at the end of the day have assumed all risk myself as everyone should.
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 25, 2012, 05:31:49 AM

Some strategies are meant to be high risk, some are not. This was high risk trading. Everyone involved new the risk and if they claim they did not they either failed to read the provided materials or they are simply not being truthful. The fund was never meant to grow very large or handle that much capital. At any rate this was years before FXPIG was ever even brought to the drawing board, however seeing as the internet can be a one sided place I posted what I did to simply set the record straight.

Cheers,
Title: Re: FXPig
Post by: zuk156 on May 01, 2012, 12:29:02 PM
Is it just coincidence that both DOOR and Megadroid got hit in  Achilles heel on the same day?
Title: Re: FXPig
Post by: Sylvain @ FxPig on May 01, 2012, 12:56:19 PM
Hello zuk

I think many traders and systems have been hit by the spanish news..
If you were trading at this time, the movement was quite strong. And yes the DOOR system was caught of the wrong side of it right after S$P announcement
In a way it is a good things to show people that this system can see drawdown period. It is not a risk free system!ANd we see this kind of drawdaow every 5 to 6 weeks statistically. Now I hope that it will be able to recover from it like it usually does. That is the most important
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 01, 2012, 06:08:13 PM

Yes it is.

I am sure if you look many systems that trade during Asia got hit on Thursday/Friday due to the news out of Spain on their credit rating and the subsequent EURO fallout.
Title: Re: FXPig
Post by: zuk156 on May 01, 2012, 06:39:52 PM
Yes, you are right, for some other systems 27th was also unlucky.

Black day for eas.
Title: Re: FXPig
Post by: Dash on May 02, 2012, 06:46:41 PM
I would like to congratulate FXPIG for being an honest and down to earth broker. This is definitely one of the brokers I wouldnt mind trading large capital with. this is one of 3 brokers i wouldn't mind depositing 100k capital with.
Title: Re: FXPig
Post by: Dash on May 02, 2012, 06:47:36 PM
Yes, you are right, for some other systems 27th was also unlucky.

Black day for eas.

that really depends what EA you use :D
Title: Re: FXPig
Post by: Far East Man on May 08, 2012, 02:43:47 AM
Has anyone experienced disconnection and frozen chart (even when the connection is established) with FXPIG, especially right in the middle of or after a news release?

I've experienced it several times and it lasted about a couple of minutes per freeze during AU Trade Balance today. I've set up FXPIG MT4 on two different VPSs and network status on both VPSs were fine as I could confirm it by looking at MT4 from other brokers, side-by-side.

I've attached the picture showing multiple MT4 charts from different brokers. Also, the log file is attached. I have looked into "Journal" tab and found tons of login attempts and old tick issues.

Maybe FXPIG dislike news trading or post-spike trading. The fact is anyone who has taken a position today during AU Trade Balance might have experienced pretty dangerous trade if any. What you guys think?

NOTE: please use the horizontal bar to slide the picture. The chart from FXPIG is shown at the very right.
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 08, 2012, 03:05:36 AM
Has anyone experienced disconnection and frozen chart (even when the connection is established) with FXPIG, especially right in the middle of or after a news release?

I've experienced it several times and it lasted about a couple of minutes per freeze during AU Trade Balance today. I've set up FXPIG MT4 on two different VPSs and network status on both VPSs were fine as I could confirm it by looking at MT4 from other brokers, side-by-side.

Maybe FXPIG dislike news trading or post-spike trading. The fact is anyone who has taken a position today during AU Trade Balance might have experienced pretty dangerous trade if any. What you guys think?

We do not, in any way shape or form, purposely disrupt or disconnect our feed or our servers at anytime or for any reason.

We have received no other complaints regarding disconnects however if you can give me an exact time and your VPS IP address I can try and find the reason behind the issues you experienced.

Also just to confirm was this our DMA or ECN platform? Live or demo?

Cheers,
Title: Re: FXPig
Post by: Far East Man on May 08, 2012, 03:36:07 AM
ECN Live. IPs are 46.32.256.182 and 209.105.227.41, one in UK and the other in Dallas.

I've also attached the picture of journal tab. It could be pretty serious if you can't detect the problem on your end. I can submit two logs from UK and Dallas. I don't think the freeze took place simultaneously on those VPSs at different company and location as those time print shows no difference. If it's just a coincidence, it's a miracle.
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 08, 2012, 03:56:20 AM

I have forwarded your screen shot to our head tech so he can search our server logs for a possible cause.

I can see some old tick data errors in our own DOOR logs, but not at the same time shown on your example and on a different pair.

We did add 2 new LPs over the weekend, so it may be that these new LPs are the cause.

At any rate I will update this thread once the problem has been found and fixed.

I appreciate the heads up.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 08, 2012, 04:36:44 AM
ECN Live. IPs are 46.32.256.182 and 209.105.227.41, one in UK and the other in Dallas.

I've also attached the picture of journal tab. It could be pretty serious if you can't detect the problem on your end. I can submit two logs from UK and Dallas. I don't think the freeze took place simultaneously on those VPSs at different company and location as those time print shows no difference. If it's just a coincidence, it's a miracle.

Another question; are you connected using our server URL or a direct IP? Do you have the CDN disabled (Data Center Auto Configuration) under tools and options?

Just want to be sure I have all the information so we can diagnose this correctly.

Cheers,
Title: Re: FXPig
Post by: Far East Man on May 08, 2012, 04:50:18 AM
I use "FXPIGECN-ECN Live Server."

"Data Center auto configuration" is checked.
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 08, 2012, 07:21:17 AM

The problem was identified by our tech team even before I called them on it.

Apparently some server swaps, upgrades, and relocating (in the same cage at the DC) we had done over the weekend caused an intermittent issue with our quote servers. Data packets where being rejected by one of the servers. This error was corrected just a short while ago and has been tested and I am being told the issue is now solved.

Please let me know if you experience any similar errors.

Title: Re: FXPig
Post by: crashev on May 08, 2012, 08:03:14 AM

The problem was identified by our tech team even before I called them on it.

Apparently some server swaps, upgrades, and relocating (in the same cage at the DC) we had done over the weekend caused an intermittent issue with our quote servers. Data packets where being rejected by one of the servers. This error was corrected just a short while ago and has been tested and I am being told the issue is now solved.

Please let me know if you experience any similar errors.

When we are on the subject what does 'old tick data errors' mean exactly from the tech side point of view ?
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 08, 2012, 08:22:30 AM
Well it means what it sounds like.

Even though the server disconnects and the auto configuration sends you to the next available server the quotes server is still online, so when you get reconnected the first few ticks are not actually the current market price.

You may have seen this before on another MT4 setup when you get a disconnect and upon reconnecting you see the price move very quickly to 'catch up' to the actual rate, or even when you login and out from one account to another on the same server.
Title: Re: FXPig
Post by: Far East Man on May 08, 2012, 08:42:31 AM
Please let me know if you experience any similar errors.

Ok, I'll monitor it.
Title: ECN Order Delays and Infastructure Upgrade (Scheduled Downtime IMPORTANT)
Post by: Kevin @ FXPIG on May 08, 2012, 07:33:25 PM
For the past several hours we have been seeing intermittent order delays in the 5 to 10 second range due to a failing RAID Controller on our main ECN Content Delivery Network.

We have already begun to deploy the new environment however the switch isn’t scheduled until 2 AM CET ( Central European Time ) tonight so it has the least effect on our client’s trading and open orders.

Once the switch is initiated we will see a 45 to 60 minute downtime. Please make note of this so you can plan accordingly.

These type of issues happen, and we are well equipped to handle them, however given the nature of our business even a small interruption is hard to swallow. We will continue to work diligently on this issue to ensure the downtime is kept to a minimum.

If positions held in your account suffer losses due to the server maintenance, please contact us by opening a ticket to our Complaint Resolution Department via our helpdesk located at http://helpdesk.fxpig.com, be sure to include your account number and the ticket number(s) of the trade(s) in question. If possible please also provide a screenshot of your MT4, your latest daily statements and/or the terminal logs as this will help us move your claim along quickly. Any and all claims will be reviewed promptly and settled in the best possible manner.
Title: Re: FXPig
Post by: Far East Man on May 18, 2012, 06:12:09 AM
Kevin,

Thanks to your open attitude, I would like to ask a question in this thread, not with your support ticket system as I believe sharing info would help others.

I've been using a tick scalper EA that trade on 1m chart in a fast moving market. During FOMC event, it took a couple of trades and had slippages ranging from 3 to 11 pips. All slippages were on my favor.

During early Asian session today, I got one trade and it slipped about 6 pips, this time not on my favor.

I'm not complaining anything as I know slippages happen naturally in a fast moving market, and also they happened on both positive and negative side to me, which means there probably is no manipulation. However, in my experience, your ECN live account tends to slip most frequently and the amount of slippages were much bigger than those I see with other ECN brokers I use.

I think it's somehow strange. You've been saying that you are adding more and more liquidity providers, but I don't find no other ECN brokers with such frequent, big slippages. If you have deeper liquidity pool than others, there should be less slippages with you, right?

I used the same scalper bot on FXPRIMUS, LMAX, AxiTrader Pro (now I quit using Axi), and FXPIG. Every broker took slippages, but pips amount of slippages are much bigger with you. You told me LMAX is one of your LPs, but the ea took much smaller amount of slippage for the same trades on LMAX. Normally thinking, the more LPs, the easier finding a matching counter part, right? So I'm just wondering why this has been happening.

I show you the log the EA has automatically created.
-----
Report for ticket #2653099 EURUSD 0.35 lots

2012.05.16 18:05:42   Open   BUYSTOP  @ 1.27255  SL = 1.27224  TP = 1.27354  [1562 msec]
2012.05.16 18:06:32   Favorable Stop-to-Market open slippage= 7.4 pips
2012.05.16 18:06:33   Modify BUY      @ 1.26958  SL = 1.27037  TP = 1.27167  [531 msec]
2012.05.16 18:06:52   Closed BUY      @ 1.27110
2012.05.16 18:06:52   Favorable Stop Loss close slippage = 11.4 pips
-----

-----
Report for ticket #2670178 EURUSD 0.45 lots

2012.05.18 00:49:11   Open   BUYSTOP  @ 1.26766  SL = 1.26735  TP = 1.26865  [1500 msec]
2012.05.18 00:49:11   Modify BUYSTOP  failure error #130 : invalid stops  ASK = 1.26685  BID = 1.26670  [172 msec]
2012.05.18 00:49:12   Delete  BUYSTOP  failure error #3 : invalid trade parameters  ASK = 1.26828  BID = 1.26746  [407 msec]
2012.05.18 00:49:12   Unfavorable Stop-to-Market open slippage= 6.2 pips
2012.05.18 00:49:12   Modify BUY      failure error #130 : invalid stops  ASK = 1.26828  BID = 1.26744  [0 msec]
2012.05.18 00:49:12   Modify BUY      failure error #130 : invalid stops  ASK = 1.26813  BID = 1.26732  [0 msec]
2012.05.18 00:49:12   Modify BUY      failure error #130 : invalid stops  ASK = 1.26813  BID = 1.26759  [0 msec]
2012.05.18 00:49:13   Closed BUY      @ 1.26752
2012.05.18 00:49:13   Favorable Stop Loss close slippage = 1.7 pips
-----

As you can see, I took both positive and negative slippages.

I'm not saying that the slippage is good or bad. I'm just wondering why an ECN broker with deeper LPs get more frequent, and also bigger slippages. For those trades above, slippages on LMAX were less than 1 pip.
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 18, 2012, 07:01:15 AM
Without actually going through each order, seeing who filled the ticket, and then checking what the order flow was like at the time of execution, my responses here are a bit speculative, however I will have these two specific tickets investigated thoroughly to see if we can spot a definitive answer.

Now my first thoughts are as follows; yes, our ECN is much larger than the 3 other stated brokers. This means we do have more liquidity, BUT it also means we have more retail and institutional flow competing for that liquidity.

As you mentioned, LMAX is one of our LPs, so their liquidity is part of our ECN. This does not mean they will be the top of book price when you get executed, so even if you see the same price and trade executed on our platform and theirs, this does not mean they filled you on our side.

When news hits the market many LPs fire off liquidity tiers outside of the actual current prices to either try and balance their book or in an attempt to not have their tiers hit. Sometimes however price moves very fast through the book and these prices become the actual price. This can then be seen as slippage, even though in reality you got the current actual price...however MT4, with it's tick limitations still saw an older tick or price.

Now, back to the competition; during news releases many traders are competing for the same basic entry and exit points. A larger trading network, while benefiting from a larger liquidity base, also will have more competition. So, when you try and enter at a given price it is very possible all that liquidity is gone, thus you are place in a queue and your order is executed based on when it was received. This again creates slippage.

The slippage you saw in the Asian session does seem a bit suspect to me. Again I need to get more information before I can comment further there. Was this on a spike by chance? If so, while this level of slippage is far beyond our average, liquidity throughout the FX market has been slim for the past month or so as the EU economic crisis has caused quite a lot of retail 'fear' which has sent volumes down by 20% or so YoY.

I will update this post once I have more information.
Title: Re: FXPig
Post by: Far East Man on May 18, 2012, 10:30:41 AM
Was this on a spike by chance?

Thank you for addressing my question, Kevin.

It was just an accidental spike. There had been no news release. But it doesn't seem to be an IT error as well as I've confirmed that candle with other brokers, too.

The EA does not trade on a news breakout. It's like MDP. It takes a trade when a price starts to retrace. And it also has a spread limit so it doesn't take a trade when spreads are more than 3 pips.

I can pretty much agree that there would be much less liquidity during the early Asian session today, and the spike was probably triggered due to some anxiety about Greece debt problem and ahead of G8 meeting outcome. But one of the traders who uses the same EA reported that he also took that trade on FXPRIMUS and he took no slippage.

If your assumption was right, then rich pool of liquidity doesn't always work on a trader's favor. I have always thought that the more LPs the better.

As I said, the slippages during the last FOCM took place all on my favor, however, when it happens in a negative manner, then it's definitely no good. So it has good side and bad side, but, in order to get stable results, I might have to find out the right environment.
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 18, 2012, 11:50:24 AM
I should have some more information here shortly.

Coincidentally our DOOR System traded the same spike and we were filled on 35lots on one single fill. Now being a limit order there was no slippage, but seeing as there also was no partial fill shows me there was some liquidity there, not to mention as well that any and all 'MDP' like systems would have been trying to get filled on that candle....this tells me that liquidity may have been thin, especially at the bottom of the spike.

As I mentioned before worldwide FX liquidity is down MoM, QoQ, and YoY....and this also plays a big role.

Seeing no slippage on a spike like the one shown in your screen shot leads me to believe that the broker may be sending trades through as instant execution in the first few minutes of the Asian Session due to their LPs being offline for roll-over.

Cheers,
Title: Re: FXPig
Post by: Far East Man on May 18, 2012, 01:07:44 PM
I know nothing about DOOR, but according to your comments, all the MDP-like systems are competing for getting fills even during FOMC moments which makes harder for one of FXPIG traders to get filled, while it's much easier for other shallower LPs to provide better fills?

I can understand your assumption about the spike shown in my pic, but the same reasoning applies to the slippages happened during FOMC?
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 18, 2012, 06:18:51 PM
Not exactly...

Let's say broker A is connected to a very large ECN and broker B is connected to a smaller aggregation of Liquidity Providers.

Broker A has 100 million in top of book liquidity on the EU, BUT they have 10,000 active traders in their ECN.

Broker B has 20 million in top of book liquidity on the EU, BUT they only have 1,000 active traders using their aggregated liquidity stream.

In this scenario a client trading using a system that tried to execute on price spikes (a very common type of EA used by 1,000's of traders) may get filled at a better rate on Broker B as the competition to be filled is 10x less.

This is just one possible scenario, and it may not be the case here.

As I said before, no slippage on an Asian price spike of 30+ pips on a market order means instant execution is ON, and the broker is placing you on a b-book, either internally or externally as their LPs are not yet pricing due to roll-over. This is quite common as most LPs do not price for the first 2 to 15 minutes of the daily trading window which starts at 10PM GMT or 5PM EST.

Cheers,
Title: Re: FXPig
Post by: Far East Man on May 18, 2012, 09:07:30 PM
Thank you for your explanation, Kevin.

I got some other trades about an hour ago and this time slippages occurred on other brokers, too. Both slippages were positive to me.

I think it's quite hard to tell what's going on each broker. I can at least see that you are not doing any manipulation and your open attitude is helpful to me. Those slippages probably are natural incidents. I learned a thing. ECN with deeper liquidity is not always suitable for an extreme scalper, but I can also say it's not always bad as slippages can occur on each side.
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 18, 2012, 09:37:53 PM

Overtime I think you would see an overall positive effect slippage wise, though on occasion you may see negative slippage. Using limit orders instead of market orders with your EA would guarantee no negative slippage at all.

More liquidity, more tiers, are both pros when it comes to a large ECN and the heavier competition is a con, however seeing as you are getting 100% real STP executions the slippage effect should be at the very least nullified over time.

I am still waiting for the results of our detailed investigation into your original 2 tickets, but as soon as I have the information I will post it here.

Cheers,
Title: Re: FXPig
Post by: Far East Man on May 19, 2012, 11:25:20 AM

Overtime I think you would see an overall positive effect slippage wise, though on occasion you may see negative slippage. Using limit orders instead of market orders with your EA would guarantee no negative slippage at all.

More liquidity, more tiers, are both pros when it comes to a large ECN and the heavier competition is a con, however seeing as you are getting 100% real STP executions the slippage effect should be at the very least nullified over time.

I think you are right, Kevin. I believe those slippages will be nullified or could work in a positive manner as I see I'm rather getting positive slippages than negative ones so far. So I'll stop paying too much attention to it. The important thing for me is overall profitability, not one or two trades. Slippage is one of factors. As long as a broker is a fair player I have nothing to complain.
Title: Re: FXPig
Post by: Millennium on May 25, 2012, 03:29:02 AM
Howdy,

Well for those of you reading this thread....I'd have this much to say about FXPIG.

They are the best broker I've ever had the privilege to work with, and I believe the fact that you DO see positive slippages is reflective of them being an "honest" broker versus the majority that will take the positive for themselves while letting you cop every pip of negative slip.

I know I copped a heap of slippage lately........positive slippage !!! 3 pips in some cases and even on small lot sizes  :-*

This could be the real and simple measure of just how honest a broker you are dealing with - do you get positive slippage on your broker or not ? You can work out the rest for yourself.

Cheers, Adam :)
Title: Re: FXPig
Post by: JonnoB on May 25, 2012, 03:44:31 AM
I must say that I now have a lot more respect for Kevin and FxPig. I used to have an account there, but when I found out about FxHOY I ran for the hills. To Kevin's credit he hasn't hidden from it, but addressed it honestly. I have also found a number of his posts very helpful.

I have had my best MDP executions times at FxPIG. 13% in 2 week.
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 25, 2012, 04:01:50 AM

Much appreciated guys...

Cheers,
Title: Re: FXPig
Post by: crashev on May 25, 2012, 10:41:03 AM
I must say that I now have a lot more respect for Kevin and FxPig. I used to have an account there, but when I found out about FxHOY I ran for the hills. To Kevin's credit he hasn't hidden from it, but addressed it honestly. I have also found a number of his posts very helpful.

I have had my best MDP executions times at FxPIG. 13% in 2 week.

What is FxHOY ?
Title: Re: FXPig
Post by: JonnoB on May 25, 2012, 11:10:10 AM
I must say that I now have a lot more respect for Kevin and FxPig. I used to have an account there, but when I found out about FxHOY I ran for the hills. To Kevin's credit he hasn't hidden from it, but addressed it honestly. I have also found a number of his posts very helpful.

I have had my best MDP executions times at FxPIG. 13% in 2 week.

What is FxHOY ?

A high risk managed account.
http://blog.fxpig.com/?p=151
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 25, 2012, 07:48:58 PM

Quote
What is FxHOY ?

The correct question is what 'was' FXHOY.

As stated above it was a high risk manually traded managed account I ran in 2009. The link above explains it in much more detail.

Cheers,
Title: Re: FXPig
Post by: sponn on May 26, 2012, 08:35:43 PM
Just want to say that FxPig is really top service. Very good spreads, small commision, great liquidity, really awesome support (Sylvain and Kevin probalby works 25h/day).


The only one problem is the smallest lot size for ecn account (0.1 - I know that every ecn has got it) and to small laverage for DMA accounts (here it is 0.01 lot size but only 1:200 laverage). But it's only from Forex Envy point of view ;) ;) ;)

Title: Re: FXPig
Post by: Zuttasoxx on May 27, 2012, 09:21:30 AM
Just want to say that FxPig is really top service. Very good spreads, small commision, great liquidity, really awesome support (Sylvain and Kevin probalby works 25h/day).


The only one problem is the smallest lot size for ecn account (0.1 - I know that every ecn has got it) and to small laverage for DMA accounts (here it is 0.01 lot size but only 1:200 laverage). But it's only from Forex Envy point of view ;) ;) ;)

Unless you have 30k, it's not advisable to trade envy in these accounts probably.. FxPig is top notch that is true.

Word is out that they are getting a MT server @ equinix NY for the ecn accounts. Close to most of the LP and if you have beeks of CNS vps you will be on net with them.
Furthermore EUR and other currencies is in their business plan. It is said to be around beginning of 2013. They are always trying to improve themselfs.
Title: Re: FXPig
Post by: kaltrax on May 27, 2012, 09:34:31 AM
Really FXPig will make a big jump ahead when connect ONNET until now his Dallas datacenter  only make it possible a low latency whith his cloud solution a bit expensive.

But now his good results are because they are not flooded whith a MT4 retails traders behind maybe his future NY connection they downgrade his quality.. IMO
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 27, 2012, 04:14:10 PM
No worries about the down grading of quality.

We are fans of natural growth, perhaps a bit slow, but steady. All our technology is easy scalable and we currently have much more resources than we need. As we grow we plan to keep this ratio en tact.

Cheers,
Title: Re: FXPig
Post by: Far East Man on May 27, 2012, 06:26:27 PM
Howdy,

Well for those of you reading this thread....I'd have this much to say about FXPIG.

They are the best broker I've ever had the privilege to work with, and I believe the fact that you DO see positive slippages is reflective of them being an "honest" broker versus the majority that will take the positive for themselves while letting you cop every pip of negative slip.

I know I copped a heap of slippage lately........positive slippage !!! 3 pips in some cases and even on small lot sizes  :-*

This could be the real and simple measure of just how honest a broker you are dealing with - do you get positive slippage on your broker or not ? You can work out the rest for yourself.

Cheers, Adam :)

I agree, Adam. That's why I stopped chasing about slippage on this thread. I think that a fair player is precious, especially broker-wise. We shouldn't indulge a broker, but we can support a broker and help them grow as long as they provide good environment for us. I want this broker to survive and keep the good work.
Title: Re: FXPig
Post by: adele on May 27, 2012, 06:51:47 PM
I like FxPIG too but have 3 things on my wish list (only 2 if they are really moving their ECN main server to NY): lower commissions and/or rebates!
Title: Re: FXPig
Post by: kaltrax on May 27, 2012, 07:29:06 PM
I like FxPIG too but have 3 things on my wish list (only 2 if they are really moving their ECN main server to NY): lower commissions and/or rebates!

Totally agree whith you ;D... i was noticed that his main ECN datacenter is Washington DC?

Title: Re: FXPig
Post by: Kevin @ FXPIG on May 28, 2012, 12:11:52 AM
Yes, the main server sits in Washington DC, however we have nodes in NY now. Our execution times are some of the best on MT4 now, with the cage in Equinix they will get that much better. Our servers are very robust, so the extra distance is almost fully compensated by the high powered specs of the servers we use.
Title: Re: FXPig
Post by: kaltrax on May 28, 2012, 05:02:49 AM
Yes, the main server sits in Washington DC, however we have nodes in NY now. Our execution times are some of the best on MT4 now, with the cage in Equinix they will get that much better. Our servers are very robust, so the extra distance is almost fully compensated by the high powered specs of the servers we use.

This sounds very good..but about his latency could you show us something? Until now only your cloud solution is possible to take very low number. Thanks Kevin
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 28, 2012, 05:14:26 AM

For our own trading we use our own VMware Vsphere Virtual machines based in our datacloud in Miami and the execution time is no more than the Softlayer Dallas Clouds, though the ping time is about 25ms slower. Ping time is a small part of the full equation.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 30, 2012, 09:07:22 PM

Today we had several clients running the NMI SS EA experience higher than normal slippage, with some traders reporting up to 12 pips of negative slippage. The average reported slip was around 7 pips.

We are currently checking our server logs and conferring with the Liquidity providers that executed the trades to see, what if anything, may have contributed to these slips.

What we have seen is that clients using a cloud server based in one of Softlayer's datacenters, the same datacenters we use to house our 7 main ECN servers, saw much less slippage overall.

This leads me to believe that the spike today that triggered these trades was a very fast low tick value (based on a ratio of ticks to pip movement, not overall ticks which will be larger than normal) move. The spike moved very fast. Traders with the lowest latency did much better. Traders with NY based VPS setups on average did worse.

Now, traders using SS with VPS setups at CNS and Beek NY have seen great execution overall in the past 2 months. last week accounts on Beeks NY infrastructure saw a good deal of positive slippage.

On occasion the market will move faster than you can execute, regardless of your execution time. Also if the ticks are spaced apart, which can happen due to the momentum of the spike pushing through the order book, then your asked for price may never even be available, thus you are given the first actual quote which can be executed almost to the pip but will represent slippage based on your chosen price.

In the end, the best setup one can have using our ECN feed is with Softlayer.

In the next 60 days we will also have a NY based server installed and cross connected with 80% of our LPs. We are also working on getting SS on a FIX connection. This may take some additional time and resources but we are committed to giving our clients the best environment possible.

I will update this thread once I have more information on those spikes. Until then I do think this is / was a bit of an anomaly and historically even those NY based VPS machines do well on our feed.

One last point; someone asked me if this could mean our server was becoming saturated and if SS and other tick scalpers may becoming less effective on our feed. The answer there is a definite no. This was not caused by liquidity. All the SS orders combined did not even use the 1st tier of available liquidity on our book. We have a useable liquidity ratio that is around 5 to 1, meaning we have around 5 times more liquidity than we can use at all times. Same goes for our MT license to client ratio which is around 3 to 1, and these ratios will stay that way as we grow to ensure optimal performance.

Title: Re: FXPig
Post by: Kevin @ FXPIG on May 31, 2012, 10:10:26 AM
Ok, here is a log entry we pulled from one of the effected trades:


part of the log:

1. <20120530-11:00:56.238, (T32)> Start Transaction - ExecuteSL:
volume=22|cmd=BUY|symbol=USDCHF|
order=2770143|login=416080|digits=5|open_time=20120530-14:00:45|open_price=0.9637|sl=0.96364|tp=0.96853|
close_time=19700101-00:00:00|value_date=0|expiration=0|conv_rates[0]=1|conv_rates[1]=0|commission=-1.28|commission_agent=0|storage=0|
close_price=0.96364|profit=-1.37|taxes=0|magic=5485660|comment=SuperScalper EA|margin_rate=1|

Initial stop was at 0.96364 level

4. <20120530-11:00:56.242, (T64)> Adding bank Market order for SL MT order:
[RI]id=0|status=DC_EMPTY|[TTI]type=TT_ORDER_MK_CLOSE|price=0.96323|volume=22|order=2770143|cmd=BUY|symbol=USDCHF|time=20120530-14:00:45|manager=0|
login=416080|group=|balance=0|credit=0|prices[0]=0|prices[1]=0|orderby=0|sl=0|tp=0|ie_deviation=0|comment=SuperScalper EA|expiration=0|

After activation on the client's mt4 terminal and routing through our mt4 server the price changed to 0.96323

7. <20120530-11:00:56.243, (T1)> COrderProcessor::AddMarketOrder(): order #2770143 with price = 0.96323 was allocated with BankSession "FIX.4.4:fxpig->LMXBL" Bank code = 15 price = 0.96317 volume = 22000

The available price at the aggregator when the order came in was  0.96317


7.1.3. <20120530-11:00:56.337, (T32)> Received Response to FIX Message (Add Limit/Stop Order):
 OrdStatus=Filled|OrdType=2|Account=1236087152|AvgPx=0|CumQty=2.2|LastPx=0.96318|LastQty=2.2|LeavesQty=0|ExecID=AAGJLwAAAAAD1Xur|
OrderID=AAGJLwAAAAAHDvZI|Side=Sell|Symbol=USD/CHF|TransactTime=20120530-11:00:56.352|ExecType=Trade|
ClOrdID=416080_1338375656_2^3450|9=268|MsgType=ExecutionReport|34=3443|49=LMXBL|52=20120530-11:00:56.361|56=fxpig|
22=8|OrderQty=2.2|Price=0.96193|48=4010|59=0|OrigOpenTime=20120530-11:00:56|


Execution was 1 pip better on the LP side (It was LMAX) at 0.96318


#27413. Committed Transaction, MtOrderId = 2770143 Duration = 125 ms.
All time 125 ms


So 125ms after the initial order the spike hit.

125ms execution time is very good. Not really a VPS issue here.

The real execution between when we received and processed the order showed a 1 pip POSITIVE slip.

This was a fast spike...so even if the execution was 0 you may have seen a slip.

-----

As I have mentioned before we feed a lot of liquidity into our API. This includes the Integral FX Grid, Currenex, LMAX, Hotspot, FXall, etc. Many brokers rely on one feed alone, such as Integrals FX Grid, which by default will b-book all customer flow until 'toxic flow' is offset to the a-book or STP connection. Many traders report low slippage on Integrals feed. Once their accounts are considered toxic however that will change. In the log above Integrals pricing was on our 3rd tier. So real slippage on their feed would have been greater than our aggregated feed.

In all honestly our goal is to split up our client's flow into as many LPs as possible so it remains 'non toxic' and we actually get b-booked. This creates a no or almost no slippage environment. Of coarse this does not happen all the time and slippage is a NORMAL market occurrence and most times has little to do with liquidity and more to do with how pricing is sent from our LPs.

These things happen on REAL trading environments that are NOT manipulated and overtime that lack of manipulation will result in higher profits.

Take it from the horses mouth....as anyone else outside of the FX business is simply speculating.

Cheers,
Title: Re: FXPig
Post by: JonnoB on May 31, 2012, 10:30:06 AM
By 'toxic flow' are you referring to scalpers the enter and exit quickly? If so is there any way to scalp that is not going to put me in the toxic basket? I certainly explains why one of my broker account does not perform as they are using Integral only.
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 31, 2012, 11:08:17 AM
Well every LP will define toxic a different way. It all depends on their book, their risk portfolio, and if your trades upset that. You can be a winner and be considered toxic and you can be a loser and be considered toxic. Basically if the LP cannot profit from your trades by reselling the liquidity or holding and redistributing it, you are toxic.

Having a more robust liquidity flow helps in avoiding this as your trades are executed at different LPs all the time.

Title: Re: FXPig
Post by: adamkhwaja on May 31, 2012, 04:15:24 PM
Kevin,

I understand that you offer only USD denominated accounts at the moment. Any chance of adding more in the future?
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 31, 2012, 04:19:04 PM

Adding additional account currencies is on our to do list along with many other exciting new services and features.

With a feed as diverse as ours it can be a bit difficult to organize multi-currencies, but I believe by Q4 we should be able to do so.

Cheers,
Title: Re: FXPig
Post by: GoldenBoy on May 31, 2012, 05:11:08 PM
As I have mentioned before we feed a lot of liquidity into our API. This includes the Integral FX Grid, Currenex, LMAX, Hotspot, FXall, etc. Many brokers rely on one feed alone, such as Integrals FX Grid, which by default will b-book all customer flow until 'toxic flow' is offset to the a-book or STP connection. Many traders report low slippage on Integrals feed. Once their accounts are considered toxic however that will change. In the log above Integrals pricing was on our 3rd tier. So real slippage on their feed would have been greater than our aggregated feed.
In all honestly our goal is to split up our client's flow into as many LPs as possible so it remains 'non toxic' and we actually get b-booked. This creates a no or almost no slippage environment. Of coarse this does not happen all the time and slippage is a NORMAL market occurrence and most times has little to do with liquidity and more to do with how pricing is sent from our LPs.
These things happen on REAL trading environments that are NOT manipulated and overtime that lack of manipulation will result in higher profits.
Take it from the horses mouth....as anyone else outside of the FX business is simply speculating.
Cheers,

Hi Kevin, that was a great read above. It is rare to see a broker taking the time to explain all this exactly how it is. And above all being honest about it.
I look forward to testing your brokerage by opening a new account in the next few weeks. Cheers.
Title: Re: FXPig
Post by: beardown4545 on June 01, 2012, 09:02:37 AM
What is the cheapest offshore LLC or Trust to set up to trade with, and what country?

Title: Re: FXPig
Post by: Kevin @ FXPIG on June 01, 2012, 10:13:50 AM
The UK is inexpensive and Belize is the cheapest option as far as 'tax havens' go.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 02, 2012, 10:15:32 PM
IMPORTANT INFORMATION | PLEASE READ CAREFULLY

As of June 1, 2012 (Today), MetaQuotes (the developers of MetaTrader4) will no longer be supporting MT4 terminals running any versions below build 416.

If you are using a version which is older than build 416, you need to update your MT4 to the latest available version.

In order to verify which version you are currently running simply click on Help > About in the main menu of your MT4 installation.

If you do not update your terminal you will not be able to connect to our servers and will see an 'Old Version' error beside the connection bar on the bottom right of the MT4 terminal window.

If you have any questions feel free to contact us via our helpdesk at http://helpdesk.fxpig.com

---------

Another quick point; as a MT4 license holder we received notification in May regarding the fact they would 'no longer support' older versions based on the fact that 419 covered the issues with 3rd parties using their APIs to run their own illegal mobile apps, however in previous messages from MetaQuotes the wording 'will not support' was used and simply meant they would not offer technical assistance to us if a problem arose. This time the meaning was literally that they will not allow prices to be streamed to the older versions.

This may be why many brokers, ourselves included, did not realize until June 1st what they actually meant.

Cheers,
Title: Re: FXPig
Post by: FTW on June 03, 2012, 02:37:08 AM
Just to confirm, there are no IB for fx rebates for FXPIG right?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 03, 2012, 03:10:58 AM

We are finalizing agreements with two right now.

I am sure they will release information regarding their rebate offerings shortly.

Cheers,
Title: Re: FXPig
Post by: crashev on June 03, 2012, 09:46:25 AM
As far as I know NY location is still worse in terms of speed, performance, slippage than Dallas location. So my question is, is there a cheaper way to get VPS close to Your dallas location than Softcloud that is 70$ per month and this is rather expensive comparing to offer of CNS or Beeks ?
Title: Re: FXPig
Post by: FTW on June 03, 2012, 10:29:40 AM

We are finalizing agreements with two right now.

I am sure they will release information regarding their rebate offerings shortly.

Cheers,

Good news! I presume we can always add the IB after the account is opened now?
Title: Re: FXPig
Post by: Zuttasoxx on June 03, 2012, 11:29:04 AM
As far as I know NY location is still worse in terms of speed, performance, slippage than Dallas location. So my question is, is there a cheaper way to get VPS close to Your dallas location than Softcloud that is 70$ per month and this is rather expensive comparing to offer of CNS or Beeks ?

Trade 150 lots a month and it will be free or 80 lots and have a 50% discount

http://www.fxpig.com/index-page=vps.aspx.html
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 03, 2012, 09:28:37 PM

On the Softlayer question: with the immediate discount it is under 60 USD, around 58 I believe. I am sure there are other VPS providers but we have chosen to work with the same company who provides us with our data center connectivity. Our main ECN server, that we just opened up for public connection last week, in in Washington DC. Perhaps you can find an alternative there? And yes we do offer a 50 and 100% reimbursement plan based on your traded volumes.

Regarding the IB/Rebate question: yes, you will be able to use an existing account under most circumstances.

Cheers,
Title: Re: FXPig
Post by: crashev on June 03, 2012, 09:43:58 PM

On the Softlayer question: with the immediate discount it is under 60 USD, around 58 I believe. I am sure there are other VPS providers but we have chosen to work with the same company who provides us with our data center connectivity. Our main ECN server, that we just opened up for public connection last week, in in Washington DC. Perhaps you can find an alternative there? And yes we do offer a 50 and 100% reimbursement plan based on your traded volumes.

Regarding the IB/Rebate question: yes, you will be able to use an existing account under most circumstances.

Cheers,

More mysteries :)
So what is 'immediate discount', how to take advantage of that, as I have not seen anything about it on fxpig webpage ?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 03, 2012, 09:50:46 PM
http://www.fxpig.com/index-page=vps.aspx.html

It is right here on the VPS page under the main Trading Conditions tab...
Title: Re: FXPig
Post by: crashev on June 03, 2012, 10:54:33 PM
http://www.fxpig.com/index-page=vps.aspx.html

It is right here on the VPS page under the main Trading Conditions tab...

Am I missing something here? I see there 70$ or discounts of 50% and 100% for turned lots, don't see anything about price under 60$ called 'immediate discount' ?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 03, 2012, 11:17:42 PM

In the cart you will see the following:

Special Discount      20%      17%

And the prices shown say 'list' price, meaning before the discount.

Cheers,
Title: Re: FXPig
Post by: petermatt on June 04, 2012, 12:01:44 AM
What is the minimum tradeable lot size on ECN MT4 platofrm?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 04, 2012, 12:03:49 AM
Peter,

The minimum trade size on our ECN platform is 0.10, however you can trade ANY lot size above that minimum, meaning 0.11, 0.34, 1.22, ect, are all executable.

Cheers,
Title: Re: FXPig
Post by: robl45 on June 04, 2012, 12:31:08 PM
saw this in the NMI thread, as not to clutter, figured I would ask here.  are you saying if you deposit 25K you can have 1-500 leverage and if you make profits, it still stays at that?  or does it drop down as soon as you make profit with a 25K deposit?

"You will want to choose the ECN account type.

As far as leverage 1:500 is available on deposits from 1k to 25k. 1k is the minimum deposit required to open the account.

Cheers,"
Title: Re: FXPig
Post by: kaltrax on June 04, 2012, 12:35:43 PM
If i was understand well, when your balance reach 25K leverage is down to 1:100, if you ask more leverage it's only up to 1:200, but needs aproval.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 04, 2012, 07:02:48 PM

As soon as your balance surpasses 25,000 USD, either because of a deposit or from trading profits, and the account is flat with no open positions, the leverage is automatically set to 1:100. As mentioned above 1:200 is available on accounts with balances up to 100,000 USD but is only activated upon request.

Cheers,
Title: Re: FXPig
Post by: crashev on June 05, 2012, 05:34:03 PM
Kevin: Your chat seems to be broken for some days now. Even I see chat - online I can only leave/send an email message there, no anyone alive there ?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 05, 2012, 09:36:26 PM
We have had dozens of live chats each day without any issue.

Do you use skype? You can add me if you wish, my ID is in the signature of this post.

Cheers,
Title: Re: FXPig
Post by: JonnoB on June 06, 2012, 05:32:24 AM
Does FXPig provide an API for trading? If not, is it on the todo list?

MDP is a bad testing tool for this in my opinion based on how it trades. It is only profitable due to a MT flaw. On a fix connection it would get killed, too many ticks, to much book sweeping, and an endless line of SLs.
Is the MT4 flaw that the bridge aggregates a number of ticks before sending on to the client?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 06, 2012, 05:39:04 AM
We do offer a direct FIX API connection already. Minimum deposit is 25k.

The 'flaw' is the restriction on the number of ticks that can be processed per second which averages out to around 12. The FIX API can see upwards of 300 on very volatile spikes.
Title: Re: FXPig
Post by: crashev on June 06, 2012, 02:40:12 PM
We do offer a direct FIX API connection already. Minimum deposit is 25k.

The 'flaw' is the restriction on the number of ticks that can be processed per second which averages out to around 12. The FIX API can see upwards of 300 on very volatile spikes.

Yes, but also exec and modify times can be as low as 20ms.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 06, 2012, 08:56:38 PM
Yes you are correct.

But lets say on MT4 the execution time is 500ms and you are receiving 12 ticks a second, and let's assume the time between ticks is a constant, so in 500ms 6 ticks are received.

Now on the FIX you receive 300 ticks and execution time is 33ms, so you receive 10 ticks in the same time frame. Those extra ticks can be for or against your order meaning canceled orders and hit SLs.

This is just an assumption on my part and we are working on testing it with NMI's SS shortly.
Title: Re: FXPig
Post by: crashev on June 06, 2012, 09:37:21 PM
Kevin: there were big slippages on eur/usd spike today on couple brokers including FxPig - could You share some insight informations - what happend and what caused this ?
Title: Re: FXPig
Post by: oldchartreader on June 06, 2012, 10:07:26 PM
My FXPig demo stopped working today.  Anybody else have this.  Have tried all the usual stuff and it is version 419.
Title: Re: FXPig
Post by: petermatt on June 06, 2012, 10:46:58 PM
Me too. I have already contacted them Online early this morning but it was outside their business hours so left a message.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 06, 2012, 10:55:16 PM

We do seem to have an issue with certain countries connecting to our demo server. It is being fixed as we speak.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 06, 2012, 10:57:00 PM

We do seem to have an issue with certain countries connecting to our demo server. It is being fixed as we speak.

Cheers,

Speak of the devil...

I just got notification it has been fixed.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 06, 2012, 11:00:22 PM
Kevin: there were big slippages on eur/usd spike today on couple brokers including FxPig - could You share some insight informations - what happend and what caused this ?

Spikes are created due to gaps in order books which cause relatively small volume to push price through a first set of pending orders which them acts like a domino chain causing the price spike. Spikes by definition are illiquid. Systems like MDP, SS, No 1, will always have slippage. It can be positive and it can be negative, it can be small, and it can be large, but trading on illiquid spikes in the real market will cause slips. If you are not slipped you are being b-booked, but get ready, because as soon as your order flow is flagged you will get a-booked and see how your brokers REAL execution actually works.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 06, 2012, 11:11:48 PM
On the demo server disconnect:

I will have the reason behind the issue by tomorrow morning, right now all I know is that it has been corrected, it may have been a RAID issue or some other technical malfunction at the rack/server level.

This did NOT effect our live servers, of which we have 7 with dual backups for each. On the demo side we run 1 main server with 1 backup. For obvious reasons we have a 0 downtime tolerance for the live environments and while we have had a 99% up-time run on our demo server since we launched it we do not have the same type of 24/6 SLA with that server.

Cheers,
Title: Re: FXPig
Post by: crashev on June 07, 2012, 06:50:14 AM
Kevin: there were big slippages on eur/usd spike today on couple brokers including FxPig - could You share some insight informations - what happend and what caused this ?

Spikes are created due to gaps in order books which cause relatively small volume to push price through a first set of pending orders which them acts like a domino chain causing the price spike. Spikes by definition are illiquid. Systems like MDP, SS, No 1, will always have slippage. It can be positive and it can be negative, it can be small, and it can be large, but trading on illiquid spikes in the real market will cause slips. If you are not slipped you are being b-booked, but get ready, because as soon as your order flow is flagged you will get a-booked and see how your brokers REAL execution actually works.

Cheers,

What b-booked exactly means?
I think I was some time ago b-booked at IAMFX, I was trading there for month or two without slippage and then suddenly it started to slip me as hell and I had to quit using them - for me that was just pure cheating on their side.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 07, 2012, 06:58:24 AM
b-book refers to trades that are not sent out for execution, essentially they are processed in house, much like a demo account.
Title: Re: FXPig
Post by: Gekko on June 07, 2012, 10:16:12 AM
I had a nice big long conversation with Kevin last night about my concerns with regards to slippage at pig Vs another broker as I was about to deposit a reasonable size chunk of my hard earned cash. Firstly I really wanted to go with FXpig as they have been totally transparent and the level of customer service has been outstanding with just the small account I had at the time.

We got into talking about  b-books and a-books and how its going to effect long term winning strategies.  The other broker I was thinking of had less slip, which of course means more money, and that’s what its all about. But, I learnt a lot about A booking and B booking….things I never even knew existed. So, although the slip might start of to be less once my balance increases and they slyly slip my account over to A book (the real feed) then as there feed//LP is no where near as good and as deep as fxpigs then my account will take a tumble, and as I am going to be trading tick scalpers then a bad day is really going to hurt.

So, maybe I might have what seems like increased slip, I know it’s a true market that has produced the effect.

I am sure Kevin can explain this better, but its another hugely important part of the game. Just when you think you have it nailed, then you learn something new.

Thanks to Kevin for the transparency and making some of his knowledge available to us mere traders
Title: Re: FXPig
Post by: Zuttasoxx on June 07, 2012, 10:35:12 AM
Yes kevin sure opened a lot of eyes in how this forex broker works works.. And what before was called "cheating" cause of increased slippage, was merely the trades going from b-book to a-book. Nonetheless it's great to have b-book to increase your starting capital. But do realize it's not possible to be a millionaire from trading b-book As in broker won't allow you.

And fxpig is indeed great, the results are less predictable as in b-book (the risk you calculated can be more or less due to slippage) but you definitely have transparency and you can say for sure that fxpig is one of the rare true ECN brokers out there. And you have to see it this way that you receive positive and negative slippage so it all just evens out. The only thing is that your previous risk calculations should be reduced if you want to have the same max loss with slippage. It's all about money management.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 07, 2012, 10:51:48 AM

Much appreciated Gekko....and a very good point Zuttasoxx.

The point here is that transparency and true execution is important in the long run as it will show you in fact which systems are actually geared to turn a real profit under real market conditions.

Slippage is overhead when you run an FX business, sometimes you go over budget and someones you run into a surplus, but a sound plan will leave you profitable in the end.

Cheers,
Title: Re: FXPig
Post by: hagenuk on June 07, 2012, 04:34:03 PM
I have been getting lots of Old tick for different pair of currency for the past two days.....it is me only or there is some problem with FxPig ECN server ?

I'm using CNY NY server.

Title: Re: FXPig
Post by: oldchartreader on June 07, 2012, 05:29:46 PM
I have been getting lots of Old tick for different pair of currency for the past two days.....it is me only or there is some problem with FxPig ECN server ?

I'm using CNY NY server.
Let's make sure here.  Is this a demo account or live real money account?  I have read that you can get this more with demo accounts than live.  What it means, I believe, is that the tick got to you after a tick that actually occured after the old tick.  It is therefore out of order.  Therefore, it is old and not used.  Need Kevin here, but was this a demo account?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 07, 2012, 10:16:53 PM
I have been getting lots of Old tick for different pair of currency for the past two days.....it is me only or there is some problem with FxPig ECN server ?

I'm using CNY NY server.

The MT4 terminal gets tick updates from the server and compares that tick update with the clock on the client terminal and with the clock on the client computer. The MT4 terminal will calculate the tick as “old” if there is a discrepancy between the time on your computer and your client terminal; e.g., your MT4 shows the time as 22:23 and your local time should show 2:23. If your computer displays the time as 2:28 instead of 2:23, that could cause the terminal to calculate a tick as “old.” The computer time has to remain correct as often as possible.

As MT4 compares the time tick-updates are received with the time on the terminal and computer clock, it is also a consideration that the network connection plays a part in this. MT4 will determine how long it takes to receive a new tick and compare that to how long it usually takes to receive a new tick. A slower network connection and a computer clock showing a time that is not exactly correct can lead to the platform designating ticks that are “old” while there may be nothing wrong with the price or the price feed itself, the terminal simply thinks it is when compared to the time and average time for tick-update.

Generally, the “old tick” message does not stop trading. The error message indicates only that the platform is calling a tick old, whether it is in fact old or not. Most Expert Advisors will ignore this. Though there are few exceptions to this, some Expert Advisors will not trade given this error message.

If seeing this message, here are few steps that can be taken:

First, check the clock on the computer and make sure that is updated and is correct.

Ensure the network connection is not timing out or is subject to any unusual latency; you can test that with a trace route.

Lastly, it is possible you can see the old tick error message if you have a large gap in your price history on the charts. If you notice that this is the case, you can delete your history files then reconnect. The terminal will replace the history files with fresh data.
Title: Re: FXPig
Post by: hagenuk on June 10, 2012, 03:52:39 PM

The MT4 terminal gets tick updates from the server and compares that tick update with the clock on the client terminal and with the clock on the client computer. The MT4 terminal will calculate the tick as “old” if there is a discrepancy between the time on your computer and your client terminal; e.g., your MT4 shows the time as 22:23 and your local time should show 2:23. If your computer displays the time as 2:28 instead of 2:23, that could cause the terminal to calculate a tick as “old.” The computer time has to remain correct as often as possible.

As MT4 compares the time tick-updates are received with the time on the terminal and computer clock, it is also a consideration that the network connection plays a part in this. MT4 will determine how long it takes to receive a new tick and compare that to how long it usually takes to receive a new tick. A slower network connection and a computer clock showing a time that is not exactly correct can lead to the platform designating ticks that are “old” while there may be nothing wrong with the price or the price feed itself, the terminal simply thinks it is when compared to the time and average time for tick-update.

Generally, the “old tick” message does not stop trading. The error message indicates only that the platform is calling a tick old, whether it is in fact old or not. Most Expert Advisors will ignore this. Though there are few exceptions to this, some Expert Advisors will not trade given this error message.

If seeing this message, here are few steps that can be taken:

First, check the clock on the computer and make sure that is updated and is correct.

Ensure the network connection is not timing out or is subject to any unusual latency; you can test that with a trace route.

Lastly, it is possible you can see the old tick error message if you have a large gap in your price history on the charts. If you notice that this is the case, you can delete your history files then reconnect. The terminal will replace the history files with fresh data.

Kelvin, thanks for your explanation. I have compared the VPS clock and and the market watch time was in-synced before the market closed on Friday. So I don't think it was due to time different.

Anyway I have deleted all the history as suggested and let see if I still get the same problem next week. :)

Btw, it is on a real account :)
Title: Re: FXPig
Post by: carlleese24 on June 10, 2012, 10:37:14 PM

Even when clients make money a good desk can turn a profit as they hedge or trade with the positions, holding some for longer periods, earning swap, offsetting other trades in their book, etc. Once they can't make money...ie. the flow turns toxic...they pass the risk off to another LP (a-book).

I took this quote from the Numberone EA thread as I thought the answer and question would be appropriate on this thread instead.


Hi Kevin

On the FXPIG broker how does the process work on there once the EA executes its orders does the trade go straight to a-book or b-book.


Carl
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 10, 2012, 11:40:25 PM
We are 100% a-book. We do not and will not b-book any trade in-house, ever.

Cheers,
Title: Re: FXPig
Post by: mbro777 on June 11, 2012, 06:31:22 PM
We are 100% a-book. We do not and will not b-book any trade in-house, ever.

Cheers,
100%? really? how then do you make money? just off the spread? I know people who work for Forex companies that will hold onto loser traders. Its not cheating its business. Why pass a trader who ALWAYS loses to market when you can hold his trades and keep his losses. That's not being dishonest its business and smart business. If you get a broker and i wont name any(not fxpig) they will hold the trades and alter the bars once a sl has been set. But can you answer how fxpig makes money then? like i said it cant just be off the spread, or can it?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 11, 2012, 06:52:04 PM
Our revenues come from the difference in commission charged to our clients versus what we pay to our LPs. We do not make money off the spread, and as mentioned previously we do not take on any internal risk, so no b-book is held, not a single solitary trade.

Title: Re: FXPig
Post by: kaltrax on June 11, 2012, 07:16:41 PM
Hi, Kevin

                 Could you explain about FIX/API what's costs and how an EA works whith this solution, what's about maintenance costs or aditional fees.

                 How gets your SS solution for this connection?  ;)
Title: Re: FXPig
Post by: odysseus11 on June 11, 2012, 07:29:32 PM
In other words, Kevin and FXPig actually make their revenues in exactly the way the STATE that they do, rather than LYING like the others. The others make money off spreads and commissions ALSO, and just try to make MORE with all the other methods Kevin describes.  I personally believe him, and know owners of brokerages who have told me the exact same thing. And of course, for brokers who hold losses and make more, the incentive is there to *help* those losses along by doing all the other tricks, plugins, the whole bit.

Our revenues come from the difference in commission charged to our clients versus what we pay to our LPs. We do not make money off the spread, and as mentioned previously we do not take on any internal risk, so no b-book is held, not a single solitary trade.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 11, 2012, 09:41:47 PM
Hi, Kevin

                 Could you explain about FIX/API what's costs and how an EA works whith this solution, what's about maintenance costs or aditional fees.

                 How gets your SS solution for this connection?  ;)

We do not charge an access fee to be able to hookup to our FIX connection, however the account size needs to be at least 25,000 USD for us to do the required setup.

We have begun to code SS to use our FIX API and we expect to be testing by the end of the month.

Cheers,
Title: Re: FXPig
Post by: seamonkey on June 12, 2012, 01:35:08 AM
Do you take USA based customers? 
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 12, 2012, 01:42:55 AM
As per Dodd Frank we cannot directly accept application from US resident retail clients. There are options however:

- If you are a US citizen residing in a country other than the US
- If you fall into any of the ECP definitions as detailed by the NFA / CFTC
- If you apply as the beneficial owner or sole shareholder of a non-US based IBC / Corporation / LP / Etc.

On the third option we have found a registered agent in Belize willing to work with us and offer a very good price on a package including the IBC and a corp. bank account for around 600 USD with a yearly renewal cost of only 200 USD. Details will be made available shortly.

Cheers,
Title: Re: FXPig
Post by: robl45 on June 12, 2012, 04:01:19 AM
As per Dodd Frank we cannot directly accept application from US resident retail clients. There are options however:

- If you are a US citizen residing in a country other than the US
- If you fall into any of the ECP definitions as detailed by the NFA / CFTC
- If you apply as the beneficial owner or sole shareholder of a non-US based IBC / Corporation / LP / Etc.

On the third option we have found a registered agent in Belize willing to work with us and offer a very good price on a package including the IBC and a corp. bank account for around 600 USD with a yearly renewal cost of only 200 USD. Details will be made available shortly.

Cheers,

hmm,that sounds interesting.  now if you could find a way to get barclays dubai to waive the personal visit requirement, that would be perfect :)  they have lower rates than US banks.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 12, 2012, 04:14:38 AM
Well right now I am trying to find the best banking solution within reason from the list of Agents I have spoken with....unfortunately Dubai is not on the list.

Cheers,
Title: Re: FXPig
Post by: robl45 on June 12, 2012, 12:30:06 PM
Well right now I am trying to find the best banking solution within reason from the list of Agents I have spoken with....unfortunately Dubai is not on the list.

Cheers,

well I only mentioned it because one of the places I spoke to had it on their list.  free incoming and 35 dollar international wires.

at any rate, let us know when you have something.
Title: Re: FXPig
Post by: aagarcia on June 12, 2012, 12:57:32 PM
Well right now I am trying to find the best banking solution within reason from the list of Agents I have spoken with....unfortunately Dubai is not on the list.

Cheers,

well I only mentioned it because one of the places I spoke to had it on their list.  free incoming and 35 dollar international wires.

at any rate, let us know when you have something.
Wire Fees are always high.  @ 75$ dollars outgoing and $25 incoming.  Plus remember the offshore banks require a minimum deposit that has to stay with them and they charge fees to carry the account.
Title: Re: FXPig
Post by: robl45 on June 12, 2012, 04:05:42 PM
Well right now I am trying to find the best banking solution within reason from the list of Agents I have spoken with....unfortunately Dubai is not on the list.

Cheers,

well I only mentioned it because one of the places I spoke to had it on their list.  free incoming and 35 dollar international wires.

at any rate, let us know when you have something.
Wire Fees are always high.  @ 75$ dollars outgoing and $25 incoming.  Plus remember the offshore banks require a minimum deposit that has to stay with them and they charge fees to carry the account.

I don't know where you are banking, but the fees I listed above are the actual fees for barclays Dubai offshore unit.  at any rate, 75 outgoing and 25 incoming is insane.  There is one bank that was like 50 outgoing and free incoming with no maintenance fees but they only take certain IBC's and another bank that I might go with depending on what kevin comes up with that is like 50 outgoing and 7.5 incoming with 10 dollar monthly fee.  If you paying more than that, you might want to look at other options.
Title: Re: FXPig
Post by: aagarcia on June 12, 2012, 04:23:55 PM
Well right now I am trying to find the best banking solution within reason from the list of Agents I have spoken with....unfortunately Dubai is not on the list.

Cheers,

well I only mentioned it because one of the places I spoke to had it on their list.  free incoming and 35 dollar international wires.

at any rate, let us know when you have something.
Wire Fees are always high.  @ 75$ dollars outgoing and $25 incoming.  Plus remember the offshore banks require a minimum deposit that has to stay with them and they charge fees to carry the account.

I don't know where you are banking, but the fees I listed above are the actual fees for barclays Dubai offshore unit.  at any rate, 75 outgoing and 25 incoming is insane.  There is one bank that was like 50 outgoing and free incoming with no maintenance fees but they only take certain IBC's and another bank that I might go with depending on what kevin comes up with that is like 50 outgoing and 7.5 incoming with 10 dollar monthly fee.  If you paying more than that, you might want to look at other options.
You'll see...............
Title: Re: FXPig
Post by: robl45 on June 12, 2012, 09:17:27 PM
Well right now I am trying to find the best banking solution within reason from the list of Agents I have spoken with....unfortunately Dubai is not on the list.

Cheers,

well I only mentioned it because one of the places I spoke to had it on their list.  free incoming and 35 dollar international wires.

at any rate, let us know when you have something.
Wire Fees are always high.  @ 75$ dollars outgoing and $25 incoming.  Plus remember the offshore banks require a minimum deposit that has to stay with them and they charge fees to carry the account.

I don't know where you are banking, but the fees I listed above are the actual fees for barclays Dubai offshore unit.  at any rate, 75 outgoing and 25 incoming is insane.  There is one bank that was like 50 outgoing and free incoming with no maintenance fees but they only take certain IBC's and another bank that I might go with depending on what kevin comes up with that is like 50 outgoing and 7.5 incoming with 10 dollar monthly fee.  If you paying more than that, you might want to look at other options.
You'll see...............

well thats not exactly helpful
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 12, 2012, 09:24:34 PM
There are alternatives...

We use a banking network that charges 12.50 USD per swift wire regardless of the amount sent, and incoming payments can be charged as little as 2 USD.

This also may be an option....

Cheers,
Title: Re: FXPig
Post by: robl45 on June 12, 2012, 09:27:31 PM
There are alternatives...

We use a banking network that charges 12.50 USD per swift wire regardless of the amount sent, and incoming payments can be charged as little as 2 USD.

This also may be an option....

Cheers,

now thats better, lets get on with it, let us know the options :)
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 12, 2012, 09:41:45 PM
From a legal standpoint I am just waiting for an opinion on how to present this information.

According to Dodd Frank it is currently legal for a US resident to be the beneficial owner of a non-US based trading account via a non-US based entity. This we know. The question now is will it be frowned upon for a non-US based broker to publicly aid in the setting up of such a 'solution'. This is a bit of a delicate area. It may be we simply need to refer the clients to the external source, or perhaps provide a ZIP file of documents and applications with instructions on where to submit them.

Again...nothing is easy but as soon as we have the above questioned answered we can proceed.

Cheers,
Title: Re: FXPig
Post by: aagarcia on June 12, 2012, 10:15:23 PM
From a legal standpoint I am just waiting for an opinion on how to present this information.

According to Dodd Frank it is currently legal for a US resident to be the beneficial owner of a non-US based trading account via a non-US based entity. This we know. The question now is will it be frowned upon for a non-US based broker to publicly aid in the setting up of such a 'solution'. This is a bit of a delicate area. It may be we simply need to refer the clients to the external source, or perhaps provide a ZIP file of documents and applications with instructions on where to submit them.

Again...nothing is easy but as soon as we have the above questioned answered we can proceed.

Cheers,
You could work with the establishment (Trust company, etc.) that is setting up the IBCs for clients.  Work out a deal with them and let them handle everything and you step aside.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 12, 2012, 11:07:36 PM
That is one option...

There is still the question of how to relate this information to the public.

We are almost there however, just a few small hurdles to overcome.

Cheers,
Title: Re: FXPig
Post by: HFT Group on June 13, 2012, 12:02:20 PM
The HFT Group is pleased to announce a private agreement with FXPIG for the ECN account has been finalised.

This offer is available to HFT Group members AND all DonnaFOREX members who do not have a current IB account, or wish to open an additional account under this private offer and agree to the condition below.

Holders of non-IB accounts may have their accounts placed under the HFT Group private offer subject to agreement of the condition below.

                 
CONDITION
'Accounts opened under the HFT Group private offer must not trade NMI ea's (SuperScalper).
Non-IB accounts transferred to the HFT Group private offer must not trade NMI ea's (SuperScalper)'.

I have started a new thread for the FXPIG Private Offer.

http://www.donnaforex.com/forum/index.php?topic=6056.0 (http://www.donnaforex.com/forum/index.php?topic=6056.0)

Please post any comments/questions on the new thread or contact me for additional information.

Jon.
HFT Group Manager.
Title: Re: FXPig
Post by: robl45 on June 13, 2012, 11:49:55 PM
any chance of getting a .01 lot size account like other brokers?  maybe just something for existing users that have an account already or something.  its hard to test strategies when min is .10.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 14, 2012, 12:15:57 AM
As long as any one of our LPs do not support 0.01 size orders we cannot either, and currently of the 3 largest ECNs (CNX, hotspot, 360T), none actively support the smaller size trades on their institutional feeds.

The issue is that if only a select few LPs will take those size orders when a trade is sent through were the top of book price is from a LP that does not accept them the trade will be rejected, and this will cause execution delays and result in higher slippage.

Cheers,

Title: Re: FXPig
Post by: robl45 on June 21, 2012, 03:55:42 AM
is the only option for low latency the cloud option for the ECN?  i'm pretty happy with CNS at this point, but i believe that and beeks are like 20 ms latency for the ecn?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 21, 2012, 04:01:07 AM
We do have nodes in NY so ping time can be as low as 7ms from NY using Beeks or CNS.

Keep in mind as well that with an average tick per second rate of 12 there is only 1 tick per 80ms on MT4, so any latency below say 40ms, overtime, should not be a very big issue.

We will also be launching our NY server in July.

Cheers,
Title: Re: FXPig
Post by: robl45 on June 21, 2012, 04:07:13 AM
We do have nodes in NY so ping time can be as low as 7ms from NY using Beeks or CNS.

Keep in mind as well that with an average tick per second rate of 12 there is only 1 tick per 80ms on MT4, so any latency below say 40ms, overtime, should not be a very big issue.

We will also be launching our NY server in July.

Cheers,

any chance of a cns partnership? otherwise i guess i can switch to beeks.  will you be going on net or whatever the thing is with beeks?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 21, 2012, 04:18:35 AM
Once the NY server is up we will x-connect and go on net with both providers.

Cheers,
Title: Re: FXPig
Post by: primi on June 21, 2012, 10:33:38 AM
As I understand you have many liquidity providers. Can you shed some light on the last look policy? I know LMAX does not last look but I'm guessing most of the LPs do insist on having this option.
Title: Re: FXPig
Post by: jshear on June 21, 2012, 03:08:41 PM
Most banks and liquidity providers require the last look option. This is why LMAX currently has less liquidity that a broker like FX Pig. The concept of having banks as liquidity that have no last look is great but really how many will agree to this is the question.


Cheers

Jeff
Title: Re: FXPig
Post by: aagarcia on June 21, 2012, 03:29:13 PM
Most banks and liquidity providers require the last look option. This is why LMAX currently has less liquidity that a broker like FX Pig. The concept of having banks as liquidity that have no less looks is great but really how many will agree to this is the question.


Cheers

Jeff
This is something that has become knowledge to me.  I never knew this.  Just like I never knew about b-booking.  Thank you gentlemen!  This is what makes DF great!!!
Title: Re: FXPig
Post by: oldchartreader on June 21, 2012, 04:02:31 PM
Most banks and liquidity providers require the last look option. This is why LMAX currently has less liquidity that a broker like FX Pig. The concept of having banks as liquidity that have no less looks is great but really how many will agree to this is the question.


Cheers

Jeff
This is something that has become knowledge to me.  I never knew this.  Just like I never knew about b-booking.  Thank you gentlemen!  This is what makes DF great!!!
I don't see where "last look" is explained.  What is it?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 21, 2012, 08:26:29 PM
Last look simply means the liquidity provider can reject an order even if the order hit the top of book and liquidity is available. They have the 'last look and last call' to fill or not fill a particular trade. Honestly ALL LPs have a form of last look, even at LMAX, as some LPs say they have no last look policy but they will reject orders if they do not consume X amount of the top of book price. Now, LMAX may aggregate orders to stop this from happening but then we see a mini b-book forming, which as well is not something an exchange would be looking to do.

Last look normally only effects very small or very large orders and as long as your trade flow is not considered toxic you more than likely will never see any effect from this practice. Out of all our LPs the only ones that are upfront about this are no-bank institutional level players such as hedge funds, but overall they are rarely the top of book price and usually are 3 to 4 tiers down in the book with a large standing order, say 30 to 50m minimum.

Cheers,
Title: Re: FXPig
Post by: megabuck on June 22, 2012, 06:32:29 AM
Is it possible get an DMA accounts with 500x leverage for a deposit of $20k-$30k?  I'm interested in opening account for Forex Envy and then moving the money to another account running NMI SS.  I didn't want to open account just for NMI SS.  Having the option to run other robots would make it more versatile.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 22, 2012, 07:58:52 AM

On the DMA side we can only go as high as 1:200 as the banks that connect into our feed offer us 1:33 to 1:50 on average meaning we need to have 4 to 6 times the money in trade on deposit with them to cover the offered leverage.

Cheers,
Title: Re: FXPig
Post by: robl45 on June 23, 2012, 07:20:05 PM
I was just wondering about this.  I've been monitoring the spread on the ecn account and while its very good, it never goes below .00001.  I was under the impression that a true ecn would go to zero or even inverted.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 23, 2012, 07:57:20 PM
Negative spreads and zero spreads do happen, but normally are only priced from banks as they look to balance their books. On our DMA side we do push negative and zero spreads through MT4, however as our ECN has very little direct bank pricing they are much less frequent.

On the ECN side we attempt to regulate the flow as best as possible so no single LP gets a majority of any systems trades, this way they have a less chance of becoming toxic. This also means we filter out LPs once we see that their flow has been hitting the top of book to often. This custom aggregation can sometimes filter negative spreads. Keep in mind this does not mean we receive a negative spread and publish a false spread to our clients, if it is filtered it simply never hits the top if book and sits somewhere down stream.

Cheers,
Title: Re: FXPig
Post by: oldchartreader on June 23, 2012, 10:45:31 PM
I was just wondering about this.  I've been monitoring the spread on the ecn account and while its very good, it never goes below .00001.  I was under the impression that a true ecn would go to zero or even inverted.
I have a small app I had my programmer make that would accumulate how often a certain spread happened during a 24 hour period then reset each day.  I was interested in creating an EA that took advantage of "0" spread.  Really, a pipe dream but with that particular broker (FinFx) it would sometimes equal 0 as many as 1000 in one day.  I actually wonder if it was measuring true zero or something close to that.  I can tell you that it did seem from time to time it would be less than zero but maybe not.
Title: Re: FXPig
Post by: 2cb3d on June 24, 2012, 11:05:54 AM
in 2009 FXCM offered true ecn and spreads were negative on a few pairs. We capped sized on this opportunity manually and made 1.5k in one day, and another 1k later that week. FXCM of course changed their policy and mentioned they will no longer validate profits from negative spread trades.  To this day, I've only seen one broker with negative spreads and it was advancedmarkets in the us.  Thanks Kevin for shedding the light on negative spreads.  Keep us informed on your fix api project with the scalpers.

One question about the ECN accounts, would it make sense to offer specific suffix for these LP's and not aggregate the liquidity into a signal feed?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 24, 2012, 06:49:12 PM
Creating different feeds is one possibility but a single MT4 server can only realistically handle 3 to 4 different symbol groups before it begins to slow down drastically. Also you run into other issues when you only have a few LPs on a feed, such as bad ticks, higher spreads, less top of book liquidity, etc. Every 'solution' has it's pros and cons.

Cheers,
Title: Re: FXPig
Post by: robl45 on June 24, 2012, 09:00:29 PM
wasn't it said here that some of the LP's respect limit orders and that say a limit TP won't slip.  if thats the case then with a feed with a bunch of different LP's, its just a crap shoot whether your TP is respected?

the one thing I don't understand about forex trading compared to stocks futures etc is that limit orders are always filled at that price or better, but in forex, its just a free for all regardless of the order type unless you using a market maker or hotforex STP :)  I understand market orders and SL's would slip, but TP's never should get slipped.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 24, 2012, 10:03:41 PM
On our ECN feed limits are ALWAYS filled at the requested price or better and TPs are executed as limits.

Cheers,
Title: Re: FXPig
Post by: robl45 on June 24, 2012, 10:13:48 PM
On our ECN feed limits are ALWAYS filled at the requested price or better and TPs are executed as limits.

Cheers,

Okay so only market and stop orders will slip then or slip negatively.
Title: Re: FXPig
Post by: robl45 on June 24, 2012, 10:41:39 PM
any chance of fxpig getting the market depth EA like IC markets has? very nice to see whats available at each price.  also, at only 38 minutes into Sunday open, i've seen at least 20+ times when the spread is at zero on IC markets, but never that low on FXPig. I know there is filtering and stuff, and fxpig is beating IC markets on pretty much every other pair except eurusd, but hard to believe that IC markets can have an average spread of .23 while fxpig has average spread of .47 if both are just getting raw feeds.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 24, 2012, 10:55:34 PM
No commercially available plugin can show true depth on MT4, we have a .NET application that shows depth.

We balance low spreads and high liquidity so while we could show even lower spreads if we aggregated certain feeds to the top of book they would be basically untradeable.

Cheers,
Title: Re: FXPig
Post by: robl45 on June 25, 2012, 12:19:43 PM
One other thing I noticed is that most brokers have postive swap on one leg of eurusd while fxpig and my current broker have negative swap on both legs.  how come there is such a big difference?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 25, 2012, 09:15:08 PM
All depends on what the LPs charge for swap. We have around 15 aggregators and more than 70 LPs that feed into our own custom aggregation API so we need to find an average based on the top of book we see and who is filling that tier. Some banks will offer positive swap to lure traders into taking larger positions on one side as they are in need of liquidity, most often because they are on the other side of the trade.

Cheers,
Title: Re: FXPig
Post by: robl45 on June 26, 2012, 12:41:45 AM
was there any problem on the demo ecn account today?  I monitored 4 brokers today for approximately 12 hours , fxpig ecn, pepperstone ecn, ic markets ecn and armada markets exchange.  while fx pig ecn had the second lowest average spread of the 4, it had the lowest percentage under 1.0 of the 4 brokers, approximately 84% and the highest percentage over 2 at 10% while the other brokers were zero%, .1% and 2.4% and the 2.4% is pepperstone razor and I don't really consider that comparable to the others.  also the highest spread was like 4.1 while the highest on the others was in the 2's.
Title: Re: FXPig
Post by: 2cb3d on June 26, 2012, 04:28:31 AM
No commercially available plugin can show true depth on MT4, we have a .NET application that shows depth.

We balance low spreads and high liquidity so while we could show even lower spreads if we aggregated certain feeds to the top of book they would be basically untradeable.

Cheers,

Market Depth Plugin - http://www.divisafx.com/metatrader-4.html

Does that mean your .net market depth connect directly to your api. Is this available for demo?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 26, 2012, 05:24:10 AM
was there any problem on the demo ecn account today?  I monitored 4 brokers today for approximately 12 hours , fxpig ecn, pepperstone ecn, ic markets ecn and armada markets exchange.  while fx pig ecn had the second lowest average spread of the 4, it had the lowest percentage under 1.0 of the 4 brokers, approximately 84% and the highest percentage over 2 at 10% while the other brokers were zero%, .1% and 2.4% and the 2.4% is pepperstone razor and I don't really consider that comparable to the others.  also the highest spread was like 4.1 while the highest on the others was in the 2's.

Our ECN demo, as mentioned previously and on our web site, does not have the same conditions as our live feed as we use it to test new LPs and pull our LPs to verify trade flow.

You can monitor the real live spreads here: http://fxpig.com/index-page=spreads.aspx.html

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 26, 2012, 05:29:49 AM
No commercially available plugin can show true depth on MT4, we have a .NET application that shows depth.

We balance low spreads and high liquidity so while we could show even lower spreads if we aggregated certain feeds to the top of book they would be basically untradeable.

Cheers,



Market Depth Plugin - http://www.divisafx.com/metatrader-4.html

Does that mean your .net market depth connect directly to your api. Is this available for demo?

Many brokers offer these plugins, but the data does not show the retail book depth just aggregated LPs, so it cannot show the true depth of an ECN feed. Not only that but some of these plugins use outdated FIX or API connections and cannot accurately pull all the data from all the LPs especially when multiple aggregation methods are used.

It is available for demo but as we do testing on the demo feed the depth is not 100% accurate and will vary from the actual live feed numbers.

Cheers,
Title: Re: FXPig
Post by: robl45 on June 26, 2012, 12:17:53 PM
was there any problem on the demo ecn account today?  I monitored 4 brokers today for approximately 12 hours , fxpig ecn, pepperstone ecn, ic markets ecn and armada markets exchange.  while fx pig ecn had the second lowest average spread of the 4, it had the lowest percentage under 1.0 of the 4 brokers, approximately 84% and the highest percentage over 2 at 10% while the other brokers were zero%, .1% and 2.4% and the 2.4% is pepperstone razor and I don't really consider that comparable to the others.  also the highest spread was like 4.1 while the highest on the others was in the 2's.

Our ECN demo, as mentioned previously and on our web site, does not have the same conditions as our live feed as we use it to test new LPs and pull our LPs to verify trade flow.

You can monitor the real live spreads here: http://fxpig.com/index-page=spreads.aspx.html

Cheers,

i must have missed that part, good to know.
Title: Re: FXPig
Post by: robl45 on June 27, 2012, 11:36:10 PM
did the demo go down?
Title: Re: FXPig
Post by: oldchartreader on June 27, 2012, 11:52:42 PM
did the demo go down?
Yes, mine did.  Been down about an hour.  You can count on it that Kevin is fast at work on this.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 28, 2012, 12:00:52 AM
There have been some intermittent outages. Honestly the demo servers are very overloaded. We have been in a war with Metaquotes to supply us a new demo license but they refuse to unless we buy the entire additional license package for 50,000 USD. We do not need another live license and refuse to pay 50,000 for only a demo license.

We have a LOT of development going on both with a new custom platform, FIX connections, new servers, a new web site, copy trade and PAMM systems, a social traders network, and many other things....so this expense is not something on the top of our list. I hate to see these issues and we do everything we can to avoid them. In the bear future we will have our own front end platform on both demo and live that will hopefully replace MT4 completely thus getting rid of the MQ imposed imitations.

Cheers,

PS - We are working on getting he demo back online....
Title: Re: FXPig
Post by: robl45 on June 28, 2012, 12:32:58 AM
There have been some intermittent outages. Honestly the demo servers are very overloaded. We have been in a war with Metaquotes to supply us a new demo license but they refuse to unless we buy the entire additional license package for 50,000 USD. We do not need another live license and refuse to pay 50,000 for only a demo license.

We have a LOT of development going on both with a new custom platform, FIX connections, new servers, a new web site, copy trade and PAMM systems, a social traders network, and many other things....so this expense is not something on the top of our list. I hate to see these issues and we do everything we can to avoid them. In the bear future we will have our own front end platform on both demo and live that will hopefully replace MT4 completely thus getting rid of the MQ imposed imitations.

Cheers,

PS - We are working on getting he demo back online....

but we need MT4 to run the EA's
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 28, 2012, 12:56:53 AM
We are making the platform work with all MT4 EAs sending them right to the FIX API bypassing MT4's 100ms additional processing time.

Cheers,
Title: Re: FXPig
Post by: oldchartreader on June 28, 2012, 01:52:22 AM
There have been some intermittent outages. Honestly the demo servers are very overloaded. We have been in a war with Metaquotes to supply us a new demo license but they refuse to unless we buy the entire additional license package for 50,000 USD. We do not need another live license and refuse to pay 50,000 for only a demo license.

We have a LOT of development going on both with a new custom platform, FIX connections, new servers, a new web site, copy trade and PAMM systems, a social traders network, and many other things....so this expense is not something on the top of our list. I hate to see these issues and we do everything we can to avoid them. In the bear future we will have our own front end platform on both demo and live that will hopefully replace MT4 completely thus getting rid of the MQ imposed imitations.

Cheers,

PS - We are working on getting he demo back online....
Thanks Kevin for being on top of this.  I checked with a few other traders and based upon your work load we have decided to allow you to have a full 45 minute break in the next 24 hours.  If you keep up the good work we will allow a full hour break for each 24 worked.  Just trying to be nice.   ;D :D :)
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 28, 2012, 02:21:57 AM
45 MINUTES?

I am afraid the entire world may simply stop rotating if I stop working for such a long period of time. I mean that is equivalent to one whole day on Mercury..what will people think?

Jokes aside...thanks, I appreciate the help OCR

Cheers,

Title: Re: FXPig
Post by: JonnoB on June 28, 2012, 04:01:56 AM
We are making the platform work with all MT4 EAs sending them right to the FIX API bypassing MT4's 100ms additional processing time.

That sounds pretty cool. Does the platform have its own language for implementing EAs?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 28, 2012, 04:39:02 AM
It will allow for C++, Java, and a secondary FIX API. MT4 EAs will be placed on MT4 as usual, however they will not be processed by MT4 and the execution time will be drastically reduced. Essentially both MT4 and the new platform will send trades direct into our FIX engine, both solely working as front end GUIs, and all of MT4's limitations will be eliminated as none of their back end processing will be used.

Cheers,
Title: Re: FXPig
Post by: crashev on June 28, 2012, 10:35:13 AM
It will allow for C++, Java, and a secondary FIX API. MT4 EAs will be placed on MT4 as usual, however they will not be processed by MT4 and the execution time will be drastically reduced. Essentially both MT4 and the new platform will send trades direct into our FIX engine, both solely working as front end GUIs, and all of MT4's limitations will be eliminated as none of their back end processing will be used.

Cheers,

These are quiet interesting plans, I will be very much interested in using all of those APIs.
Keep the good work :)
Title: Re: FXPig
Post by: robl45 on June 28, 2012, 12:27:39 PM
It will allow for C++, Java, and a secondary FIX API. MT4 EAs will be placed on MT4 as usual, however they will not be processed by MT4 and the execution time will be drastically reduced. Essentially both MT4 and the new platform will send trades direct into our FIX engine, both solely working as front end GUIs, and all of MT4's limitations will be eliminated as none of their back end processing will be used.

Cheers,

won't that create more areas of failure if we need to run two platforms ? and also more load on the vps?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 28, 2012, 09:02:41 PM
You don't need to run two platforms. If you have an MT4 EA you attach it to MT4 as usual, if not you can choose which platform to run. The new platform will be a very small piece of software, much lighter than MT4.

Cheers,
Title: Re: FXPig
Post by: robl45 on June 29, 2012, 12:09:38 PM
did anyone have orderexecution problems at 11pm EST last night when the euro news hit?
Title: Re: FXPig
Post by: oldchartreader on June 29, 2012, 02:06:11 PM
did anyone have orderexecution problems at 11pm EST last night when the euro news hit?
Yes but on a demo account.  On one pair the closing price was a full 26 pips away from my stop loss.  Except for that one trade and there were quite a few I made an overall profit.
Title: Re: FXPig
Post by: robl45 on June 29, 2012, 02:13:13 PM
did anyone have orderexecution problems at 11pm EST last night when the euro news hit?
Yes but on a demo account.  On one pair the closing price was a full 26 pips away from my stop loss.  Except for that one trade and there were quite a few I made an overall profit.

you dont' have a live account?  slippage I could understand with that spike, but 36 second executions like on tradersway was insane.  so trying to confirm that fxpigs servers could handle it.
Title: Re: FXPig
Post by: oldchartreader on June 29, 2012, 02:50:35 PM
did anyone have orderexecution problems at 11pm EST last night when the euro news hit?
Yes but on a demo account.  On one pair the closing price was a full 26 pips away from my stop loss.  Except for that one trade and there were quite a few I made an overall profit.

you dont' have a live account?  slippage I could understand with that spike, but 36 second executions like on tradersway was insane.  so trying to confirm that fxpigs servers could handle it.
In process at FXPig.  Closed my IBFX account and am awaiting paperwork so I can open an account with FXPig.  I am a US citizen so we had to get creative.
Title: Re: FXPig
Post by: ianj on June 29, 2012, 10:30:36 PM
will hopefully replace MT4 completely thus getting rid of the MQ imposed imitations.
A few questions

From looking at your site the most appropriate Pig platform for trading spike reversals (NMI, No1, MDP, my own) looks to be DMA, not ECN. Although the spreads on the ECN are keener you emphasise the fact that the liquidity is deeper on the DMA and serious slippage is less likely as long as trades are keep the 'right' size - not too large, not too small. Is this a fair interpretation?

Will we hear details of custom development here or some other location.  Do you have any views on account sizes to justify some form of API/non MT4 access? Will you be offering any form of aggregated book on a non MT4 connection

How does the MT4 server 'light' work - is it bridged 'optimally' from MT4 server, or do you 'proxy' the connect away to a custom platform asap (ie you have REPLACED most if not all of the Mt4 server)

How would we access the LMAX liquidity only stream and would it require a separate account/funding

I have recently found out that MT4 stop losses on some MT4 bridged platforms (mention no names) are synthetic and do not lie on the underlying matching engine - leading to increased SL execution times and hence slippage - especially when the MT bridge barfs when it cant handle a robust price feed. Does your EXISTING ECN/DMA place stop on the underlying matching engine - do you use an aggregator/matching engine within MT4 server/bridge or do you use an external and/or custom aggregator/bridge

Sorry for all the techy questions - but you do seem to invite them

Feel free to talk dirty (technically)
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 29, 2012, 10:48:10 PM


From looking at your site the most appropriate Pig platform for trading spike reversals (NMI, No1, MDP, my own) looks to be DMA, not ECN. Although the spreads on the ECN are keener you emphasise the fact that the liquidity is deeper on the DMA and serious slippage is less likely as long as trades are keep the 'right' size - not too large, not too small. Is this a fair interpretation?

Actually the DMA feed is a 100% bank aggregation. Now all banks are essentially market makers, so you may see quality execution using these spike reversal bots for some time under certain volume thresholds, however as these bots trade on illiquid spike these type of trade flows are considered toxic to banks so in the end you will have a hard time making any real money on the DMA or a similar style feed. Our ECN pipes in 15 aggregation pools which carry 70 + different feeds. This allows us to pass the flow to different LPs thus not saturating any single one in particular.

Will we hear details of custom development here or some other location.  Do you have any views on account sizes to justify some form of API/non MT4 access? Will you be offering any form of aggregated book on a non MT4 connection

The method you sue to trade these systems is not the key issue, it is now they trade. In my mind even a direct FIX or API connection with execution times of under 100ms will still yield slippage of varying degrees depending on the overall spike conditions. We will be testing the NMI code via a FIX link sometime in July and I will report here on those results. As far as account size I would say 25k is around the minimum.

How does the MT4 server 'light' work - is it bridged 'optimally' from MT4 server, or do you 'proxy' the connect away to a custom platform asap (ie you have REPLACED most if not all of the Mt4 server)

We do not use the MT4 back-end at all, only the front-end GUI is used all trade processing is done via a custom FIX API. On our DMA side we do use a bridge as banks tend to have more antiquated systems than your larger ECNs and aggregates. All bridges add latency and all bridges have their issues. 

How would we access the LMAX liquidity only stream and would it require a separate account/funding

We will create a separate grouping via MT4 and open a socket on our FIX API. This will allow clients to trade only via LMAX on MT4 or via a FIX API connection.

I have recently found out that MT4 stop losses on some MT4 bridged platforms (mention no names) are synthetic and do not lie on the underlying matching engine - leading to increased SL execution times and hence slippage - especially when the MT bridge barfs when it cant handle a robust price feed. Does your EXISTING ECN/DMA place stop on the underlying matching engine - do you use an aggregator/matching engine within MT4 server/bridge or do you use an external and/or custom aggregator/bridge

All stops on both feeds are sent via a FIX message immediately and held 'server side', however they still need to be executed so in an illiquid price jump with gaps between the ticks you will see slippage that is a guarantee.
Title: Re: FXPig
Post by: robl45 on June 29, 2012, 11:04:07 PM
kevin,

can you comment on how the live servers handled the news at 11pm EST last night when the euro news hit?  My live account at my current broker basically froze and order execution was in the 30 second range when normally its 500ms or less along with huge slippage.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 30, 2012, 02:05:23 AM
Well I can tell you there were no gaps in timing as far as ticks go after the news. So that freeze can be one of several things: either the broker runs a book and has a setting to knock their quote server offline in the event of a spike of more than X pips in under X amount of seconds or the broker experienced  a huge increase in their order flow which overloaded their server and caused a reboot or it may have been a local issue between your machine and the brokers server. MY vote would be the overloading or the first and worst of the possibilities.

We did not see a freeze but what we saw was a low tick volume and large gaps in between the ticks which caused slippage on SS / MDP / NO1 orders.

Incidentally we have a system running that trades on spikes but actually trades with the spike not against it and it saw 24 pips in positive slippage on the same spike on the GU and EU. Along with subsequent trades that saw little to no negative and mostly positive slips. This shows you that the LPs are not bias but when you try to 'catch a falling knife' as the saying goes you get cut 99% of the time.

Cheers,
Title: Re: FXPig
Post by: ahelix on July 01, 2012, 02:28:13 PM
all of MT4's limitations will be eliminated as none of their back end processing will be used.
Bravo! Is it means that the number of ticks received and showed in MT4 GUI will also increased tremendously, i.e., a better charting, which could be as good as Ninjatrader or Tradestation?
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 01, 2012, 07:58:35 PM
Well we currently route all our orders through our own FIX API and use only a very small fraction of the MT4 back end for accounting and account creation.

The new platform will eliminate several front end limitations and we will also go 100% MT Server independent via MT4.

Cheers,
Title: Re: FXPig
Post by: petermatt on July 03, 2012, 05:12:53 AM
Noticed Old Tick Errors appear for the first time in a couple of my FxPig Demo platforms' Journal. When I google this error there are  multiple reasons stated from various people. "Broker deliberately manipulating to stop EA trading" (why they would do this on a Demo is beyond me!), Momentary disconnect (this does not show up in the Journal), Broker Server overloaded etc, etc.

Any clues as to the real cause?
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 03, 2012, 06:55:06 AM
The most common reason is that your machines clock and the MT4 server clocked are not synced.

The time zone or hour is irrelevant, but the minutes and seconds need to be synced. So a quick fix can be had by simply going into the time and date properties and syncing your machines clock with the windows time server.

A quick restart of MT4 and the problem should fixed.

Lastly, it is possible you can see the old tick error message if you have a large gap in your price history on the charts. If you notice that this is the case, you can delete your history files then reconnect. You can find the history files in the root MT4 folder. Make sure to only erase the .hst files.
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 03, 2012, 06:58:16 AM
BTW - all those given answers are hogwash...

The old tick error does not interfere with trading and has no bearing on placing orders (at market price or otherwise).

Most people see any error in MT4 and automatically it is 'broker manipulation'. Well we as human beings have a need to blame someone else when we fail and seeing as 85%+ of the 'traders' who attempt to win at this 'game' fail you can see why all these conspiracy theories have been created and spread so quickly.

Cheers,
Title: Re: FXPig
Post by: petermatt on July 03, 2012, 07:20:43 AM
Thanks Kevin - will do that when I get home from slaving my guts out for The Man!! LOL
Title: Re: FXPig
Post by: oldchartreader on July 03, 2012, 07:29:18 AM
BTW - all those given answers are hogwash...

The old tick error does not interfere with trading and has no bearing on placing orders (at market price or otherwise).

Most people see any error in MT4 and automatically it is 'broker manipulation'. Well we as human beings have a need to blame someone else when we fail and seeing as 85%+ of the 'traders' who attempt to win at this 'game' fail you can see why all these conspiracy theories have been created and spread so quickly.

Cheers,
Great Kevin, I agree.

Added:  Way too many people focus on the small issues while disregarding the big picture.  If you look long enough you will find something to turn into a conspiracy.  Instead of taking responsibility we want to place the blame on someone.  In forex it is the broker.  When we make a killing we pat ourselves on the back and when times are tough we blame the broker.    Maybe if we want to be successful traders it should be the other way around.
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 09, 2012, 08:58:46 PM
Some DNS issues today have caused our site to be offline for the past 6 hours.

The DNS has been corrected so over the next 12 hours or so the site will come back online for everyone depending on their ISPs DNS cache rules.

Cheers,
Title: Re: FXPig
Post by: altermax on July 11, 2012, 04:52:00 PM
else the opportunity soon will also have accounts in eur?

regards
max
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 11, 2012, 06:11:28 PM
Alternative deposit currencies to the USD should be ready by the end of next week. We need to do one last round of server tweaks which can only be done over the weekend, and I hope to get those done this coming weekend or next weekend at the VERY latest. Once this is complete we will roll out new deposit currencies, new trade-able pairs, and then on to our NY server and new hybrid platform.

Cheers,
Title: Re: FXPig
Post by: ahelix on July 12, 2012, 02:03:18 AM
We need to do one last round of server tweaks which can only be done over the weekend...

Cant wait for testing your new platform  :)

I'm using demo account of FXPIG ECN, doing side-by-side comparison with MBT Desktop Pro (Real), FastBrokers' Pathfinder (Demo), LMAX Webtrader (Demo), and IBFX MT4 (Real). I notice that 5 min bars for FXPIG ECN (Demo) close slightly early than other brokers/platforms, causing the patterns of 5 min bars slightly different from others. If i'm not wrong, the data feed for FXPIG ECN demo is the same as real account but slightly different LPs.

PS. I trade manually on price actions, so this is important.
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 12, 2012, 09:42:52 AM
The feed is very similar if not almost identical but every time there is a difference it will effect the painting of all subsequent bars.

Our live servers are synced with the windows time server, so the closing and opening times should be identical, BUT if our top of book pricing differs, which it will, then those bars can and will look different.

Cheers,
Title: Re: FXPig
Post by: Gekko on July 12, 2012, 01:50:27 PM

C'mon DOOR managed account, we are at 95%, lets see if we can hit the magic 100% by the weekend.

I think your Managed account is slighly under the radar and think it need a bit more of the recognition it deserves!!  :-*
Title: Re: FXPig
Post by: oldchartreader on July 12, 2012, 02:30:01 PM

C'mon DOOR managed account, we are at 95%, lets see if we can hit the magic 100% by the weekend.

I think your Managed account is slighly under the radar and think it need a bit more of the recognition it deserves!!  :-*
We should know more about it.  So Kevin should have an "Open Door" policy.
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 12, 2012, 09:45:35 PM
I guess the low key marketing policy isn't always the best option...

Honestly we are very happy with the results up till now and anyone is welcome to ask questions and as always I will do my best to answer them.

Cheers,
Title: Re: FXPig
Post by: cyberryder on July 12, 2012, 10:14:27 PM
is there already a product name out for the new plattform? Is it the DMA account?
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 12, 2012, 10:21:18 PM
No not yet...and it will be on the ECN feed.

Cheers,
Title: Re: FXPig
Post by: atomico on July 13, 2012, 06:24:25 PM
Hi Kevin,

I continue to have the "OLD TICK ERROR" in the mt4, and i have sinchronized the vps watch at the same time of mt4... But error persist...

Can fxpig able to resolved this issue?

I have other mt4 running at the same time on the same vps, but this error are only with the platform of fxpig...

Best regard
Title: FXPig
Post by: Kevin @ FXPIG on July 13, 2012, 07:02:50 PM
You may need to go and delete your .hst files from your MT4 installation. This is a client side issue so there is little I can do from my side.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 13, 2012, 07:23:42 PM
In order to delete your History Files so the platform will download fresh data open up the root directory for MT4, go to history, sort by .hst files, and delete all of them. Be sure NOT to delete any other files in the directory just the files ending in .hst.

Cheers,
Title: Re: FXPig
Post by: atomico on July 14, 2012, 03:57:21 PM
In order to delete your History Files so the platform will download fresh data open up the root directory for MT4, go to history, sort by .hst files, and delete all of them. Be sure NOT to delete any other files in the directory just the files ending in .hst.

Cheers,

I have to remove the expert advisor before to delete the mentioned files?
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 14, 2012, 08:34:37 PM
No, these files are located in the root directory, meaning you need to go to your applications folder and then find the Metatrader installation folder to find them. There are not accessible from the actual MT4 front end.

Cheers,
Title: Re: FXPig
Post by: petermatt on July 14, 2012, 10:30:20 PM
Here you go.
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 14, 2012, 11:19:14 PM
Much appreciated petermatt....

Cheers,
Title: Re: FXPig
Post by: atomico on July 15, 2012, 08:58:54 AM
ok,

i have deleted all the HST files... now i wait for the open market... thanks Kevin and PETERMATT for grabbed screen
Title: Re: FXPig
Post by: Gekko on July 15, 2012, 11:19:37 PM

So, guess thats the 100% kinda smashed.....

http://www.myfxbook.com/members/FXPIG/door-ecn/275774

 :-* go DOOR  :-*
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 15, 2012, 11:33:05 PM
We are most definitely seeing some optimal market conditions return for our system as the fear to greed ratio in the markets starts to neutralize and favor the 'greed' side every so slightly. Fear is a range killer.

Cheers,
Title: Re: FXPig
Post by: JonnoB on July 18, 2012, 12:50:19 AM
Will the new platform provide any level two info?
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 18, 2012, 12:53:44 AM
Yes it will...

We can provide this now via a .NET application but we do not 'advertise' this.

Cheers,
Title: Re: FXPig
Post by: JonnoB on July 18, 2012, 01:41:10 AM
That's good news, can't wait to try it out.

Does the platform have any strategy testing features? The ability to test tick scalpers with tick data would be very nice. A lot to ask for though.

You have mentioned the limit that MT4 has with the number of ticks that it can process per second and as a result the data stream is filtered. Will the new platform have the same limit? I am wondering what work may be needed to port existing systems.
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 18, 2012, 02:49:22 AM

The new platform will support C++ and Java programming and no, there will be no tick limitations.

We are working to make the MT4 EAs compatible to where no changes will be needed, though this feature may not be ready at launch.

Cheers,
Title: 30+ NEW Exotic Pairs
Post by: Kevin @ FXPIG on July 24, 2012, 09:17:12 PM
In the past several weeks behind the scenes here at FXPIG we have been working diligently on a slew of new upgrades and services.

Over the next 2 to 4 weeks a long list of pending new account services will be added, the first of which, over 30 new exotic pairs on our ECN feed, has been ‘soft-launched’ today and will be made available to all our traders by early next week. For now you can get a preview of the new pairs by right clicking inside the market watch panel of your FXPIG ECN Platform and selecting show all.

The new pairs are actively pricing but you will not be able to execute trades on them until we officially ‘push the button’ in the next few days.

Other services that will be launching soon include:

- Alternative Trading Account Currencies (EUR, GBP, AUD, JPY)
- Equinix NYC based Server on our ECN Feed
- New FXPIG Web site
- Copy Trade Service
- Automated PAMM Service

- FXPIG Trader ECN Platform (2 to 3 months)

As we roll out these new updates information will be posted here so stay tuned…

Also our D.O.O.R. Updates will be back by popular demand by month’s end, with a daily text update here on our blog and a monthly video update as well.

Cheers,
Title: Re: FXPig
Post by: crashev on July 25, 2012, 10:18:48 AM
Kevin: as far as I know You already have a server in NYC Equinox, so what will change with the 'Equinix NYC based Server on our ECN Feed' ?
What will be different ?
Title: Re: FXPig
Post by: Zuttasoxx on July 25, 2012, 10:30:13 AM
Kevin: as far as I know You already have a server in NYC Equinox, so what will change with the 'Equinix NYC based Server on our ECN Feed' ?
What will be different ?
there mt4 server was in dallas.. Now adding a mt4 server in ny
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 25, 2012, 10:38:36 AM
Currently we have 8 servers on our ECN CDN, and the main server is actually in Washington DC, where we currently have 2 servers (Gamma and Epsilon).

We do have a server in NY4 (Equinix Owned DC in NJ) however that is connected to our DMA feed.

The new server will be connected to our ECN feed and NOT be part of the current CDN.

Cheers,
Title: Re: FXPig
Post by: Zuttasoxx on July 25, 2012, 10:58:42 AM
Currently we have 8 servers on our ECN CDN, and the main server is actually in Washington DC, where we currently have 2 servers (Gamma and Epsilon).

We do have a server in NY4 (Equinix Owned DC in NJ) however that is connected to our DMA feed.

The new server will be connected to our ECN feed and NOT be part of the current CDN.

Cheers,

What is the ETA of soon for the other account currencies?


kind regards
Title: Re: FXPig
Post by: crashev on July 25, 2012, 11:12:23 AM
Currently we have 8 servers on our ECN CDN, and the main server is actually in Washington DC, where we currently have 2 servers (Gamma and Epsilon).

We do have a server in NY4 (Equinix Owned DC in NJ) however that is connected to our DMA feed.

The new server will be connected to our ECN feed and NOT be part of the current CDN.

Cheers,

That is great news ! Hope the trading conditions will be as good as in Dallas+Softlayer.
Title: Re: FXPig
Post by: robl45 on July 25, 2012, 12:22:48 PM
Currently we have 8 servers on our ECN CDN, and the main server is actually in Washington DC, where we currently have 2 servers (Gamma and Epsilon).

We do have a server in NY4 (Equinix Owned DC in NJ) however that is connected to our DMA feed.

The new server will be connected to our ECN feed and NOT be part of the current CDN.

Cheers,

if its not connected, what happens when it goes down?  Don't you need at least 2 servers?
Title: Re: FXPig
Post by: Gekko on July 25, 2012, 12:54:14 PM
Currently we have 8 servers on our ECN CDN, and the main server is actually in Washington DC, where we currently have 2 servers (Gamma and Epsilon).

We do have a server in NY4 (Equinix Owned DC in NJ) however that is connected to our DMA feed.

The new server will be connected to our ECN feed and NOT be part of the current CDN.

Cheers,

That is great news ! Hope the trading conditions will be as good as in Dallas+Softlayer.

I will be running another SS account on the new sever, and keeping the old softlayer/dallas running to. I shalll add a myfxbook link when its up and running
Title: Re: FXPig
Post by: crashev on July 25, 2012, 01:28:24 PM
Currently we have 8 servers on our ECN CDN, and the main server is actually in Washington DC, where we currently have 2 servers (Gamma and Epsilon).

We do have a server in NY4 (Equinix Owned DC in NJ) however that is connected to our DMA feed.

The new server will be connected to our ECN feed and NOT be part of the current CDN.

Cheers,

That is great news ! Hope the trading conditions will be as good as in Dallas+Softlayer.

I will be running another SS account on the new sever, and keeping the old softlayer/dallas running to. I shalll add a myfxbook link when its up and running

Good to know that.
I'm looking for a new broker and so far have 3 to choose from, let the best win :)
Title: FXPig
Post by: IFFTrader on July 25, 2012, 02:45:51 PM
Any chance to have sgd account?
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 25, 2012, 05:47:56 PM
SGD accounts 'may' be available with the other mentioned currencies as we have had a handful of requests.

I will post here once a decision is made.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 25, 2012, 05:50:07 PM
Currently we have 8 servers on our ECN CDN, and the main server is actually in Washington DC, where we currently have 2 servers (Gamma and Epsilon).

We do have a server in NY4 (Equinix Owned DC in NJ) however that is connected to our DMA feed.

The new server will be connected to our ECN feed and NOT be part of the current CDN.

Cheers,

if its not connected, what happens when it goes down?  Don't you need at least 2 servers?

There will be redundancy with a DC and 2 servers in Equinix and if the entire location goes offline our CDN will kick in, but as long as Equinix is online there is no connectivity to the current softlayer based CDN.

Cheers,
Title: Re: FXPig
Post by: Gekko on July 25, 2012, 09:04:34 PM

Would like to say a big thanks to the guys, my DOOR managed account is up 26% as of the close of last nights trades.

And just added another bit of cash too  :-*
Title: Re: FXPig
Post by: robl45 on July 26, 2012, 03:54:05 PM
I know one of the brokers, either Armada or IC Markets said that for trades under .10 not all LP's will take them so they just sweep the book until it gets filled.  Is this not possible to do at FXpig?  I know its not ideal but i don't think people are all that concerned with the execution on traders under .10.  Just would make it much easier to be able to trade at one place and certain EA's its just not really feasible to jack up the lots.
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 26, 2012, 04:01:16 PM

Rob...

The only reason a trade will attempt to 'sweep the book' is when the VWAP or volume weighted price is at or lower than the requested price and the liquidity at top of book is inadequate. Even if these small trades were to try and request execution at tiers 2, 3, 4, 5, ect. they would be rejected due to size. No LP wants to refresh their 5m + (or even 1m +) tier to fill a 0.01 order.

Out of all the ECNs and alternative pooled liquidity we deal with no one takes these small orders, the only LPs that tend to accept them are banks, and most charge a per ticket handling fee on top of the commission for the privilege.

I have never heard of such order handling techniques but sub 0.10 on a whole are b-booked either directly by the broker taking the order or by the immediate LP who receives it. I have searched for a solution but the only one's I have found either greatly effect the execution of said orders or they require us to deal on our own account which is something we will not do.

Cheers,
Title: Re: FXPig
Post by: djc007 on July 28, 2012, 09:55:11 PM
Hello Kevin,

Can you provide details (funding amount required, fees, etc..) to your Doors ECN Managed Account please?

It has my interest.

Thanks!
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 29, 2012, 03:06:09 AM
Sure....

The minimum deposit is 2,000 USD, the commission rate is 49 per million, however the P/L percentage shown in myfxbook is NET commissions, and the performance fee (HWM) is set at 30%.

Relevant information can also be viewed here: http://fxpig.com/index-page=DOOR.aspx.html

Cheers,
Title: Re: FXPig
Post by: atomico on July 29, 2012, 11:51:43 AM
Currently we have 8 servers on our ECN CDN, and the main server is actually in Washington DC, where we currently have 2 servers (Gamma and Epsilon).

We do have a server in NY4 (Equinix Owned DC in NJ) however that is connected to our DMA feed.

The new server will be connected to our ECN feed and NOT be part of the current CDN.

Cheers,

That is great news ! Hope the trading conditions will be as good as in Dallas+Softlayer.

Bad experience for me on SOFTLAYER, only problem. The vps suffer of strange reboot, and the connection appear slow...

And the refund is not applied...
Title: Re: FXPig
Post by: atomico on July 29, 2012, 01:28:38 PM
Hi Kevin,

The execution time seems slightly increased... Now i have an average execution time of 500-600ms, vps used is located to New York and the PING to Epsilon and Gamma datacenter is 8ms...

If i remember well i have see execution time better respect 500ms... It's correct?

Title: Re: FXPig
Post by: Kevin @ FXPIG on July 29, 2012, 07:02:15 PM

Execution time varies not only based on your VPS location and the location of the executing server but also the location of the executing LP. If the LP that takes your trade is in the US the execution time will be optimal whereas if the LP is located in the UK or Australia the execution time will increase.

Cheers,
Title: Re: FXPig
Post by: atomico on July 29, 2012, 07:10:20 PM

Execution time varies not only based on your VPS location and the location of the executing server but also the location of the executing LP. If the LP that takes your trade is in the US the execution time will be optimal whereas if the LP is located in the UK or Australia the execution time will increase.

Cheers,

ok, and what i do to lock the connection of my vps based on NY to the best server? GAMMA and EPSILON (if i remember well) are the closest... but sometimes the mt4 connect to THETA...
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 29, 2012, 07:25:38 PM

Unfortunately there is no built in way to do this. MT4 is hard wired to always move to the next server should the connection falter, and this can mean a simple packet loss not a true disconnect.

Apparently a .NET program can be made to force windows to tell MT4 to stay connected to one server by way of blocking the other servers using it's firewall. I have also heard of scripts written for MT4 that do something similar but as of now have not been able to find one that works.

Cheers,
Title: Re: FXPig
Post by: gordon@beeks on July 29, 2012, 07:28:58 PM
one other option is to edit the .srv file in mt4...however that is risky, if server goes down your mt4 will still only try to talk to the single server


Unfortunately there is no built in way to do this. MT4 is hard wired to always move to the next server should the connection falter, and this can mean a simple packet loss not a true disconnect.

Apparently a .NET program can be made to force windows to tell MT4 to stay connected to one server by way of blocking the other servers using it's firewall. I have also heard of scripts written for MT4 that do something similar but as of now have not been able to find one that works.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 29, 2012, 07:36:51 PM
True Gordon, but this is almost a non-option, for the same reason you describe above.

The whole CDN was created as it helps reduce latency worldwide for all traders and Washington DC was chosen as the main server DC as it has the best latency (on average) from Europe and all points in the USA.

This of coarse is not the 'perfect' setup for day traders or 'scalpers'. This is why we are getting that NY Equinix Server setup.

It would be nice to please everyone with one strong setup, but honestly that is almost impossible.

Cheers,
Title: Re: FXPig
Post by: cyberryder on July 29, 2012, 07:51:28 PM
Apparently a .NET program can be made to force windows to tell MT4 to stay connected to one server by way of blocking the other servers using it's firewall. I have also heard of scripts written for MT4 that do something similar but as of now have not been able to find one that works.
Cheers,
Kevin, see here for example blocking servers via firewall: http://www.donnaforex.com/forum/index.php?topic=3675.msg136653#msg136653
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 29, 2012, 07:57:33 PM
Much appreciated Cyberryder...+1

This may very well be a 'solution' for those clients that have asked to maintain a connection to a specific server.

I am no tech expert myself, but it seems straight forward. I will have a look later today and with your permission Cyber I would like to post that information on our FAQ/Knowledgebase.

Cheers,
Title: Re: FXPig
Post by: cyberryder on July 29, 2012, 08:04:42 PM
you're welcome and OK with the f.a.q., if it may help you and traders out there :)
Title: Re: FXPig
Post by: atomico on July 29, 2012, 09:39:09 PM
This is why we are getting that NY Equinix Server setup.

Cheers,

If i understand well, this new server are the solution to this problem?

And fxpig advise the client when this server is ready?

Thanks Levin.
Title: Re: FXPig
Post by: petermatt on July 29, 2012, 09:45:23 PM
Bad experience for me on SOFTLAYER, only problem. The vps suffer of strange reboot, and the connection appear slow...
And the refund is not applied...

I have not heard any criticism of Softlayer in the past. Can you explain exactly what happened, which Softlayer location and as a result has this event significantly slowed down your connection speed to the server(s)? I have not seen any form of Refund policy on their Web site so maybe there isn't one?
Title: Re: FXPig
Post by: Gekko on July 29, 2012, 10:12:51 PM
I also had the dallas VPS go down twice from the time i started. But i have stayed with it as it has given good results for me.
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 29, 2012, 10:32:01 PM
It seems some of the softlayer cloud instances had some downtime, though our servers never went offline, so I am not sure if it was some local issue or a certain rack or cage. And no, they do not provide a refund in these cases on clouds as the user can pay hourly if they wish.

The NY server will not be connected to the SL CDN, so these issues with connecting to other servers will not happen, and all the redundancy and backups will be in Equinix DCs as well.

Once the server(s) is (are) online an announcement will be made.

Cheers,
Title: Re: FXPig
Post by: crashev on August 01, 2012, 10:47:55 AM


Kevin: what open/exec/modify times can we expect these days trading with FxPig ? Also will these be the same for the new NY server ?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 01, 2012, 11:06:45 AM
Modify times are as good as your VPS to Server connection time plus MT4's 'delay' which is around 250ms. So 300 to 350ms is/should be the average when you are on a good setup in proximity to our servers.

Execution times have to do with your location in relation to our main server in Washington DC then what server you happen to be connected to plus the LP who takes your trade and their proximity to our main server. Average execution times are stable around 450 to 550ms however these can be lower and higher depending on the factors mentioned.

The NY server in conjunction with an NY based VPS will keep modify times to the bare minimum and cut around 30 to 100ms off the average round trip execution time.

Cheers,
Title: Re: FXPig
Post by: spotdespot1 on August 01, 2012, 12:03:43 PM
Hi Kevin,

I see Euronis are offering a PAMM/MAM solution through you guys.  There were some concerns expressed that as the EA was "free" they were making their money on commission rebates (fine) AND widened spreads (not fine).  I presume with the PAMM/MAM solution this is impossible as you receive exactly the same price feed as the "master" account?

Thanks,
Dave.
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 01, 2012, 12:07:09 PM
That is correct, the Euronis Managed Fund will be launched in the next few days.

The feed is identical to our ECN feed and there are no markups, actually we do not even have the facilities to create a markup as we do not use the normal MT Administrative back-end, but a custom FIX API.

The commission rate will be set at 35 per million per side notional. No other fees are charged either by FXPIG or Euronis.

Cheers,
Title: Re: FXPig
Post by: spotdespot1 on August 01, 2012, 12:42:31 PM
That is correct, the Euronis Managed Fund will be launched in the next few days.

The feed is identical to our ECN feed and there are no markups, actually we do not even have the facilities to create a markup as we do not use the normal MT Administrative back-end, but a custom FIX API.

The commission rate will be set at 35 per million per side notional. No other fees are charged either by FXPIG or Euronis.

Cheers,

Thanks Kevin.
Title: FXPig
Post by: IFFTrader on August 02, 2012, 02:33:27 PM
Been with fxpig for few weeks and the results are similar to fxopen. The server name are same on both broker. Is fxpig a white label of fxopen?
Title: Re: FXPig
Post by: crashev on August 02, 2012, 02:48:10 PM
Been with fxpig for few weeks and the results are similar to fxopen. The server name are same on both broker. Is fxpig a white label of fxopen?

What EAs did You use on both brokers ? The one You have compered results ?
Title: Re: FXPig
Post by: aagarcia on August 02, 2012, 02:58:20 PM
Been with fxpig for few weeks and the results are similar to fxopen. The server name are same on both broker. Is fxpig a white label of fxopen?
I REALLY hope this is not the case, I would indeed be shocked.  I DETEST FxOpen.
Title: Re: FXPig
Post by: Josef on August 02, 2012, 03:07:39 PM
I DETEST FxOpen.

Me too!!
Title: Re: FXPig
Post by: IFFTrader on August 02, 2012, 03:32:16 PM
I don't have results of similar EA run on both broker at the same time. I use to run NO on FXOpen before moving to FXPig. I only see the similarity when I setup NO on FXPig. Attached are snapshot of MT4 on both brokers, see the available server. Also look at the similar ip address when I connect both to Epsilon.

Just as I post my doubt here hoping Kevin can explain, someone running Thor (atomico) mentioned about 30 seconds delay on FXOpen and FXPig. What a coincidence.
Title: Re: FXPig
Post by: IFFTrader on August 02, 2012, 03:49:06 PM
Like I said, I don't have NO running at the same time on both brokers but here is the comparison of NO on FXOpen and FXPIG which I compiled from NO log file. Look at the Open and Close slippage, it has big swing favourable/unfavourable but mostly unfavourable.

I been using FXOpen for more than a year and they are good for less aggressive scalper. FXPIG caught my attention simply by Kevin contribution in this forum and also the promises in MT4 FIX development. I just locked one of the three licenses I have for NO to FXPIG yesterday. I hope the profitability will be better than FXPRIMUS and AXI soon. Until then, only going to run at 0.1 lot to monitor. 
Title: Re: FXPig
Post by: atomico on August 02, 2012, 05:45:56 PM
I am here...

And thanks to KTYONG to report the problem of the trading session for today...

Yes, execution time from 10 to 30 second (i repeat: SECONDS) on FXPIG today...

I very curious to know what are the cause of this very bad execution time... on the contrary, my other account at the same trade have execute the operation with an average time of 300-450ms (250ms on second account)

Yes, I am very curious... this is the support that FXPIG grants to his client to made money?

really perplexed...

Also, the same condition (exactly the same) on FXOPEN, same execution time of FXPIG...

At this moment i am not able to post the expert report, but i upload it on next hours, just to prove my word...

I really think to remove my money from PIG, made money from forex is not simple, but with these condition it's impossible...
Title: Re: FXPig
Post by: robl45 on August 02, 2012, 05:53:58 PM
I could care less if they are whitelabel or not, my concern would be how they are going to handle the 10-30 second execution time, will customers be compensated or not and if not, why not.  Thats the question that people should be concerned with.  This is fxpig, fxopen is fxopen. if fxpig is whitelabel of fxopen, it would be nice to know, but really isn't anyones business.
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 02, 2012, 07:05:14 PM
As I have explained before we use some of FXOpen's proprietary technology and we built the ECN network using softlayer as they have. They consulted on the setup. This is the reason the server names and DC configurations are similar.

That being said we are in the process of adding new more robust servers to our network and a new Equinix network in NY and possibly London.

If someone has a ticket number (with your account number) of an order delay of this magnitude please send it to me to investigate, technically speaking this should not be possible.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 02, 2012, 07:18:02 PM
I am here...

And thanks to KTYONG to report the problem of the trading session for today...

Yes, execution time from 10 to 30 second (i repeat: SECONDS) on FXPIG today...

I very curious to know what are the cause of this very bad execution time... on the contrary, my other account at the same trade have execute the operation with an average time of 300-450ms (250ms on second account)

Yes, I am very curious... this is the support that FXPIG grants to his client to made money?

really perplexed...

Also, the same condition (exactly the same) on FXOPEN, same execution time of FXPIG...

At this moment i am not able to post the expert report, but i upload it on next hours, just to prove my word...

I really think to remove my money from PIG, made money from forex is not simple, but with these condition it's impossible...

Can you send me a ticket number please to investigate. Technically speaking this should not be possible as there are filters and safeguards in place.

We are not in this business to cause our client's to loose money. We do not profit from losses. We are not nor will we ever be a market marker.

We spend a great deal of money on infrastructure and technology to ensure the correct routing of orders but at the end of the day we are talking about the communication between and over several different technologies all of which can fail.

I need more information to investigate this and see what the root cause was. Considering traders at FXOpen saw the same thing it may be a Softlayer issue as we share DC space with them. If this is the case I want to know why this happened and how this happened so I can fix it.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 02, 2012, 07:45:23 PM
Atomico, I just ran through the last few executions on your account. Here is an example:

Ticket: 3491211
Open
1. <20120802-12:50:36.926, (T32)> Start Transaction - ExecuteStopOrder:
7. <20120802-12:50:36.930, (T1)> Order #3491211 with price = 1.22371 was allocated with BankSession "FIX4.4:FXOECN" Bank code = 668 price = 1.22371 volume = 240000
Close
1. <20120802-12:51:41.944, (T32)> Start Transaction - ExecuteSL:
7. <20120802-12:51:41.948, (T1)> Order #3491211 with price = 1.22337 was allocated with BankSession "FIX.4.2:*" Bank code = 5 price = 1.22338 volume = 240000
7.1.3. <20120802-12:51:42.268, (T32)> Received Response to FIX Message (Add Limit/Stop Order):
 8=FIX.4.2|9=377|35=8|34=3187|49=*|52=20120802-12:51:42.241|56=*|57=*|6=1.22346|11=425151_1343911901_2^1202|14=240000|15=EUR|17=TRD_75149821|20=0|31=1.22346|32=240000|37=60742377004860|38=240000|39=2|40=2|44=1.22237|54=2|55=EUR/USD|59=0|60=20120802-12:51:42.241|64=20120806|75=20120802|76=Y|119=29363.04|120=USD|150=F|151=0|167=FOR|192=29363.04|382=1|375=Not Available|10=199|
<20120802-12:51:42.280> #31140. Committed Transaction, MtOrderId = 3491211 Duration = 343 ms.

You can see the execution time is 343ms in this instance, this is more or less the average of all your orders.

I think the issue here is you are not fully aware how the system (MT4) works.

The first thing to remember is that MT4 is not asymmetrical, meaning that all operations are done 1 by 1, not in parallel.

The second is that our back end API processes orders MUCH faster then MT4 can 'visualize' them.

So here is the scenario: On a day like today with a volatile pop the order volume surges, your orders are hit and executes in an average of 400ms, HOWEVER the MT4 GUI can only handle a certain amount of client connections before it 'slows'. In this case you see your stop order or market order hang but in the back end it has already been executed. EAs that check 'execution' times cannot read the FIX messages behind the execution.

If you have a specific tick please send it to me and I will respond with the FIX message to show the true entry and fill times.

Cheers,
Title: Re: FXPig
Post by: Sidekickeh on August 02, 2012, 11:42:49 PM
Been with fxpig for few weeks and the results are similar to fxopen. The server name are same on both broker. Is fxpig a white label of fxopen?
I REALLY hope this is not the case, I would indeed be shocked.  I DETEST FxOpen.

It is probably that they are using their liquidity. The actually "Feed" from Fxopen is quite good. Although i hate teh brokerage FXopen that administers and runs it as well. Most brokers use only a few sources of Liqduity. If FxPIGs DMA feed is the Advanced Markets DMA Feed, it could be that the ECN feed is simply the same feed that fxopen uses.
Title: Re: FXPig
Post by: IFFTrader on August 03, 2012, 02:28:16 AM
Kevin,

Understand a few development in the pipeline, i.e. bypass MT4 backend to improve speed and NY Server. Any estimation those will be available?

I will post my yesterday trades on NO later today. In summary, AXI make +18 pips, FXPimus +30.3 pips, -4.9 pips.

I don't own NMI SS but did I interpret Adam's email correctly that FXPIG is no longer the broker to trade FXPIG and he is endorsing FXPRIMUS?

I really hope to see the improvement coming soon. 
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2012, 03:07:19 AM
"bypass MT4 backend to improve speed "

This is already a reality, we send all trades out via FIX with no MT server involvement.

"NY Server"

This is ongoing. Equinix does not provide SLAs so you need to get a third party service to manage your rack in their (Equinix) datacenters. We had contracted with one however the deal has eroded and we are now looking for a new provider. I hope to get us live within 10 days, even if it is temporary as we get a more permanent fix in place.

I have been blasted for commenting on other brokers here before, but I will say this: 'Tick Scalpers' are made to trade on demo execution. They need a book to be at their most profitable. The more encompassing the book the better results you will see. We use a dual aggregation engine to try and spread flow between as many LPs as possible in an attempt to get some of our flow b-booked, but we push through a lot of volume, so this is only temporary.

Yes, NMI will take us down as their go-to broker. Understandable. SS like other MDP-like bots are not made to trade on true ECN environments. We will be testing a FIX version soon, within 1 to 2 months to see without a doubt if this system can trade on real pricing. As the latency is as small as it can get and there is no VPS/GUI in the middle it will either do extremely well or crash and burn.

The reality is that latency may help these systems on certain spikes and PA and may hurt them on others. All spikes are different and ticks can come in and tiers can be gaped and a whole host of other things. This is the market at it's core. I know everyone likes to blame the broker, and to a certain extent this cane be true, but honestly trying to place small buy and sell stops on spikes, even on a black box algo is almost impossible. Some of MT4 short comings actually help these systems profit, such as the inability to process all incoming tick data.

The long and short of it is even with sub 100ms execution times on a real ECN price feed slippage will happen.


Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2012, 03:12:27 AM
One other thing: the NY setup will lower execution times, which if a positive, will help lower slips on spikes and volatile movements in general.

I won't speculate on the profitability of these systems, but overall latency will be lessened.

Cheers,
Title: Re: FXPig
Post by: cb75 on August 03, 2012, 07:12:34 AM
Hi Chuckles,
 Was just having a look over FXOpenAU and all the functionality that FXPig has mentioned (i.e. LPs, DOM application etc) are identical?
 So the server names are identical, all LPs and functionality including spreads are identical and the IP addresses are identical then I think the connection goes a bit further than a touch of consulting on infrastructure. How is it possible for 2 "different" servers to have the same IP address unless they were the one and the same? Ports are also identical (default 443) so that rules out sharing an ip for firewall/forwarding/NAT etc.
 As far as I can tell the commissions are lower on FXOpen as well, with 1.8 or 2.5 vs 2.9 per lot 1 way.
 What benefits are there to joining FXPig over FXOpenAU?

edit: have been watching the spreads on http://www.myfxbook.com/forex-broker-spreads  - same same.
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2012, 08:04:22 AM

We share technology, as mentioned.

This includes the CDN, as mentioned. The CDN are proxy servers not main MT servers, of which we have our own cross connected to FXO's Washington DC based server in Softlayer's DC. Our client data is also not intermingled. We lease an aggregation method from FXO and have also tweaked, with their permission the way it aggregates our feeds. 90% of the liquidity is the same however we pip in extra liquidity from some of the same LPs via hotspot and CNX pools to add depth at lower tiers.

Our new Equinix infrastructure will be completely different. Today it pays to go for IaaS and PaaS rather than investing large capital on the same essential IT tools. Now that we have a need for a different type of infrastructure we branch out.

So same technology, mostly, and very similar conditions, however with us you are not competing with 200k account holders and we give a bit more personalized service.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2012, 08:06:59 AM
BTW - Shared IPs are common in colo hosting. One IP can route to hundreds of servers.

Cheers,
Title: Re: FXPig
Post by: atomico on August 03, 2012, 09:29:34 AM
hi Kevin,

i write you in the next few hours...

for the member of the forum, just to prove my words, i attached a screen capture of the LOG FILE that show the execution time...

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimg818.imageshack.us%2Fimg818%2F5315%2Fscreencapturei.jpg&hash=1494ee353ca59e34b577b26d7aa89a72)
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2012, 11:06:04 AM
Atomico, this is measuring the time when MT4 registers the execution, it cannot see the actual FIX execution which as in my example was averaging 400ms.

Send me the ticket numbers and I will show you the true execution time. You can check the tick charts to see if this was true the price difference would have been huge.

Cheers,
Title: Re: FXPig
Post by: crashev on August 03, 2012, 03:15:58 PM
"bypass MT4 backend to improve speed "

This is already a reality, we send all trades out via FIX with no MT server involvement.

"NY Server"

This is ongoing. Equinix does not provide SLAs so you need to get a third party service to manage your rack in their (Equinix) datacenters. We had contracted with one however the deal has eroded and we are now looking for a new provider. I hope to get us live within 10 days, even if it is temporary as we get a more permanent fix in place.

I have been blasted for commenting on other brokers here before, but I will say this: 'Tick Scalpers' are made to trade on demo execution. They need a book to be at their most profitable. The more encompassing the book the better results you will see. We use a dual aggregation engine to try and spread flow between as many LPs as possible in an attempt to get some of our flow b-booked, but we push through a lot of volume, so this is only temporary.

Yes, NMI will take us down as their go-to broker. Understandable. SS like other MDP-like bots are not made to trade on true ECN environments. We will be testing a FIX version soon, within 1 to 2 months to see without a doubt if this system can trade on real pricing. As the latency is as small as it can get and there is no VPS/GUI in the middle it will either do extremely well or crash and burn.

The reality is that latency may help these systems on certain spikes and PA and may hurt them on others. All spikes are different and ticks can come in and tiers can be gaped and a whole host of other things. This is the market at it's core. I know everyone likes to blame the broker, and to a certain extent this cane be true, but honestly trying to place small buy and sell stops on spikes, even on a black box algo is almost impossible. Some of MT4 short comings actually help these systems profit, such as the inability to process all incoming tick data.

The long and short of it is even with sub 100ms execution times on a real ECN price feed slippage will happen.


Cheers,

That is no good news. What I got from this is that NMi is not doing well on Your feed these days, so You are not good for tick scalpers anymore.
That's a pity, wanted to try Your ECN environment, but suppose other brokers will do much better with their technology.
Title: Re: FXPig
Post by: Lastonny on August 03, 2012, 03:46:00 PM
hi Kevin,

i write you in the next few hours...

for the member of the forum, just to prove my words, i attached a screen capture of the LOG FILE that show the execution time...

(https://donnaforex.com/proxy.php?request=http%3A%2F%2Fimg818.imageshack.us%2Fimg818%2F5315%2Fscreencapturei.jpg&hash=1494ee353ca59e34b577b26d7aa89a72)

31344 ms execution time!?!?!
That is really unbelievable. I guess some brokers use a netbook as server.
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2012, 06:20:07 PM
Again, this is NOT the true execution time. It is a shame no one reads before posting.

The longest execution time on atomico's orders has been around 600ms, with the average hovering around 400ms.

MT4 cannot see the true execution time it only records when it receives and processes the operation. All executions are sent via FIX in parallel but MT4 processes data 1 operation at a time so when there is a spike in operations MT4 can take time to display the results.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2012, 06:22:01 PM
Quote
That is no good news. What I got from this is that NMi is not doing well on Your feed these days, so You are not good for tick scalpers anymore.
That's a pity, wanted to try Your ECN environment, but suppose other brokers will do much better with their technology.

The tick scalper strategies 'not working well' on our feed has very little if nothing to do with the robustness of our technology, it has to do with the fact we do not carry a book.

If you want the best results using tick scalpers, at least until you are a-booked...a b-book is a must.

Cheers,
Title: Re: FXPig
Post by: user456 on August 03, 2012, 06:31:03 PM
Again, this is NOT the true execution time. It is a shame no one reads before posting.

The longest execution time on atomico's orders has been around 600ms, with the average hovering around 400ms.

MT4 cannot see the true execution time it only records when it receives and processes the operation. All executions are sent via FIX in parallel but MT4 processes data 1 operation at a time so when there is a spike in operations MT4 can take time to display the results.

Cheers,

What happens when a trade is "lost" in this way? E.g. the tickscalper opens a stop order which is sent with your fix-api to the liquidity provider. So if I got everything right what you said the order is in effect but Metatrader can't handle the order. So if the price would move further the tickscalper would usually modify the order in direction of the price but is unable to do so. This is pretty terrible because in that case you have a order in the market without a stoploss and takeprofit that you cannot control for about 30 seconds at the most volitile times? Could you elaborate further on this because I would like to understand more of the technical aspects.
Thank you!
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2012, 07:35:48 PM
Actually no, the process is as so:

First we need to remember that MT4 in this instance is simply a front end GUI it does not handle or process executions it simply gives a visual interface to enter your trade information.

You, or your EA, send an order through MT4: it is immediately received by our FIX API Aggregation Engine and matched with an LP and sent for execution. It either executes or is rejected, if so it is immediately sent to the next LP in line for execution.

Once executed there is a return FIX message that is pushed to MT4, but MT4 processes these 1 by 1. Understand the order has already been processed following the given order parameters. Now in the case of Atomico his order was executed within a span of a maximum of 600ms from when he requested it, but it took 30 seconds for MT4 to display the results as there was a massive spike in orders.

Once MT4 sends something for execution or sees a price on a stop/buy/limit order is hit or passed it stops and waits for the confirmation, meaning it won't allow other orders involving the same operation to be sent or filled.

This is akin to watching TV on a set delay. What you are watching already happened and as you can't go back in time there is no way to change it.

These 'delays' due not effect the quote server or the execution, they simply effect how you 'see' it.

Cheers,
Title: Re: FXPig
Post by: 2cb3d on August 03, 2012, 08:34:34 PM
Again, this is NOT the true execution time. It is a shame no one reads before posting.

The longest execution time on atomico's orders has been around 600ms, with the average hovering around 400ms.

MT4 cannot see the true execution time it only records when it receives and processes the operation. All executions are sent via FIX in parallel but MT4 processes data 1 operation at a time so when there is a spike in operations MT4 can take time to display the results.

Cheers,

What happens when a trade is "lost" in this way? E.g. the tickscalper opens a stop order which is sent with your fix-api to the liquidity provider. So if I got everything right what you said the order is in effect but Metatrader can't handle the order. So if the price would move further the tickscalper would usually modify the order in direction of the price but is unable to do so. This is pretty terrible because in that case you have a order in the market without a stoploss and takeprofit that you cannot control for about 30 seconds at the most volitile times? Could you elaborate further on this because I would like to understand more of the technical aspects.
Thank you!

I normally run more than one platform of the same account login on my desktop because I've experienced delays in the response of MT4 when processing orders ( order box - Please Wait...)  and the second platform still allows me to submit an order. Is this just my experience or can a second platform help in this scenario?   
Title: Re: FXPig
Post by: user456 on August 03, 2012, 08:38:10 PM
Thank you for your quick reply. What you are saying just confirms what I already assumed. Seems we are talking past each ohter. Probably because english is not my first language ... sorry   ;)

I am trying to simulate a trade to better illustrate what I mean.

1. price spike down in mt4 is triggering the tickscalper.ex4 to place a pending buystop order x pips away from the current price
2. order is sent through your fix-api to the liquidity provider
3. order is filled and fix-api is returning a "filled" message to mt4

from here there are two possibilities a) mt4 receives the message and everything goes as expected or b) mt4 cannot receive the message as in atomico's case (i have experienced this as well on another broker).

a)
4. price is moving further down e.g. 10 pips and tickscalper.ex4 is modifying the buystop in the direction of the price
5. price is moving up and the modified buystop is triggered
6. (skipping the 2nd fix-api process because we assume everything wents smoothly)
7. price is moving up a little further and tickscalper.ex4 is modifying the sl of the now filled order
8. we get stopped out for a nice profit  8)

b)
4. price is moving further down ... but here comes the problem mt4 does not recognize the trade because it is still waiting for the fix-api message and ticksalper.ex4 is unable to modify the buystop
5. price is moving up and the old "lost" buystop is triggered
6. just when the old buystop is triggered price continues to move down and we get stopped out for an ugly loss  :-\
6. OR even worse ... on an ECN broker mt4 sends the initial order without SL and TP value and because it is waiting for the fix-api message of the buystop it was NOT able to place SL and TP
7. price is moving down and we have a triggered buy order without SL  :o
8. after around 30s mt4 receives the fix-api message and ticksalper.ex4 closes the trade for a terrible 20 pips loss (well hopefully not that much but just illustrating how dangerous this could be)

I hope it is clearer now because once the trade is disabled it is no longer possible for the ea to control (delete or modify) the already sent order. So even if the original buystop was executed and accepted by the liquidity provider within 300ms it is still a major problem because the ea did only recognize it as executed around 30s later! So in this case the actual execution time from the liqudity provider is irrelevant when it is impossible to modify the order in mt4.

Hope it makes sense :)
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2012, 09:03:05 PM
No problem, I speak another language myself, I know the feeling.

Again, MT4 is a front end appliance. When a execution is sent MT4 considers it filled until it is confirmed or rejected, so even though it does not display it as confirmed it 'assumes' it is but waits for confirmation.

Internal communications, ie. modify order requests are not an issue here as they are processed at a local server level first and do not get caught in the traffic jam. Only execution orders are processed like this.

We do not use MT server or a bridge to send orders but MT server is used to hold/receive/transmit modify requests, SL, TP orders.

Again the delay is 'cosmetic' here. All the true processing happens behind the scenes.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2012, 09:05:56 PM
Again, this is NOT the true execution time. It is a shame no one reads before posting.

The longest execution time on atomico's orders has been around 600ms, with the average hovering around 400ms.

MT4 cannot see the true execution time it only records when it receives and processes the operation. All executions are sent via FIX in parallel but MT4 processes data 1 operation at a time so when there is a spike in operations MT4 can take time to display the results.

Cheers,

What happens when a trade is "lost" in this way? E.g. the tickscalper opens a stop order which is sent with your fix-api to the liquidity provider. So if I got everything right what you said the order is in effect but Metatrader can't handle the order. So if the price would move further the tickscalper would usually modify the order in direction of the price but is unable to do so. This is pretty terrible because in that case you have a order in the market without a stoploss and takeprofit that you cannot control for about 30 seconds at the most volitile times? Could you elaborate further on this because I would like to understand more of the technical aspects.
Thank you!

I normally run more than one platform of the same account login on my desktop because I've experienced delays in the response of MT4 when processing orders ( order box - Please Wait...)  and the second platform still allows me to submit an order. Is this just my experience or can a second platform help in this scenario?

This is a bit of an illusion as the order from the 2nd platform still gets placed in the same queue as the original. The only difference is the error messages are isolated to the original instance of MT4.

Cheers,
Title: Re: FXPig
Post by: user456 on August 03, 2012, 09:21:09 PM
Thanks for your patience but I am still very confused about this. You are saying despite mt4 seeing the order as "locked" (error 139 and yellow pending order in order list if I recall correctly) the EA is still able to modify the order? Pretty sure that is not the case because I have seen locked orders with my own eyes and it was not possible for me to modify or delete this order and the ea was flooding its log with error messages because it was not able to modify the order either.
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2012, 10:14:39 PM
Well we both are correct here....

The EA can't modify the order because it was already executed and closed.

The problem is MT4 is waiting for the confirmation...

Cheers,
Title: Re: FXPig
Post by: user456 on August 04, 2012, 06:43:58 AM
haha well ok. Its not about being right or wrong for me. I am really trying to understand what is happening when tickscalpers are in action. So I really appreciate your input on this matter :)

Maybe you can go through this scenario with me step by step once again now that we agree MT4 is not able to modify the order once it is sent and seen as "locked" by MT4.

Quote
The EA can't modify the order because it was already executed and closed.

what do you mean by "closed"? In an ECN environment MT4 has to send the order without SL and TP first. So if it can't modify the order because it is waiting for a status update from the server how can the order be closed? The order got through to the liquidity provider but has no SL or TP yet so there has to be an open buystop or sellstop order in the market. Even if price hit the order so fast that MT4 could not keep up with it we have an open buy or sell order but without SL or TP so the order should still be open because MT4 can't modify or close the order as long as it is locked right?

Cheers
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 04, 2012, 07:54:49 AM
In the described scenario, yes I believe you are correct, there would be an issue.

I am going to get a step by step 'what if' list written up by one of our techs as this is not my area of expertise. What happened has happened once, in 2 years. So, while we know it is because of the 1 by 1 processing structure of the MT4 front end GUI there may have been something else that aided in causing this error. There was a very large ECN wide spike in volumes, about 15x the normal trade volume, but this has happened before with no reports of irregularities.

We are finalizing deals now to get our new MT server up in NY Equinix and we will only allow 1/2 the recommended users on each server instance along with cross connecting to main aggregators and VPS providers. All this will aid in trying to smooth out the MT4 workload.

We may also look to offer the ctrader platform and aid clients in migrating their EAs to java or C++.

This is a MT issue and it is not broker specific, of coarse a small broker with no client base will not see this happen, the more volume and order volume you have the easier these things can occur. Having said that we have already purchased a new MT license and are working to make sure this does not happen again.

I will post the step by step scenario by Monday evening.

Cheers,
Title: Re: FXPig
Post by: user456 on August 04, 2012, 08:15:57 AM
Do you ever sleep?  ;D

Quote
We may also look to offer the ctrader platform and aid clients in migrating their EAs to java or C++.

wow great!

Quote
This is a MT issue and it is not broker specific ...


Yes sure ... this is not geared towards you as a broker. I have seen this on different brokers (Pepperstone, Finfx, etc). The fact that you face up to this problem is speaking volumes about your reputation. I have been trying to contact other brokers in regard to this issue before but none was seriously dealing with this or at least trying to understand my issue "it was a fast volatile market ... yada yada".

So thanks a lot and I am curiously awaiting the response of your tech :)

Title: Re: FXPig
Post by: Kevin @ FXPIG on August 04, 2012, 08:23:21 AM
Transparency leads to better business...

Your very welcome...

We also have our own platform almost ready for private beta which will also increase execution times and has full parallel processing on all orders. Hopefully by Q4 it will be live.

As soon as I have more details I will let you know.

Cheers,

PS - And no I don't sleep, lol.
Title: Re: FXPig
Post by: crashev on August 04, 2012, 08:51:16 AM
Sorry Kevin, but You have to reconsider Your statement here.
Nothing explains 30sec delay in processing and any level, and saying that MT4 in Your case
is just a GUI only makes it less possible to blame MT4 for this delay.
This had to be:
a) issue on Your processing side not MT4 side,
b) times were measured by the EA in wrong way giving false, not real results - it could also happend, but
even if that there was an issue, as wrong measuring would give 5secs and it would be diasster, not 30

Nevertheless this issues made ppl lose money, and it happend on Your services and it did not happend on
other brokers (including 2 different ECN brokers I use).

But we will wait for monday when You will have a chance to consult it with tech/it guys.
Title: Re: FXPig
Post by: Josef on August 04, 2012, 09:02:36 AM
Those technical issues are not good because it can hurt the reputation from a broker. However, what I really like is that Kevin is practically the first broker CEO who gave us a deep insight into the broker business.

Keep up the good work Kevin!

Josef

....and get your execution troubles sorted out.  ;)
Title: Re: FXPig
Post by: user456 on August 04, 2012, 09:09:05 AM
Actually this is a MT4 issue which I have experienced on other ECN brokers as well. Tricky thing is you won't realize most of the time when it happend unless you are in front of your screen at that time. It is not a problem in execution but a "traffic jam" inside MT4. Kevin is just the first to actually respond to this issue in detail. God knows I have tried to get other brokers to comment on that issue :D
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 04, 2012, 09:10:43 AM
Sorry Kevin, but You have to reconsider Your statement here.
Nothing explains 30sec delay in processing and any level, and saying that MT4 in Your case
is just a GUI only makes it less possible to blame MT4 for this delay.
This had to be:
a) issue on Your processing side not MT4 side,
b) times were measured by the EA in wrong way giving false, not real results - it could also happend, but
even if that there was an issue, as wrong measuring would give 5secs and it would be diasster, not 30

Nevertheless this issues made ppl lose money, and it happend on Your services and it did not happend on
other brokers (including 2 different ECN brokers I use).

But we will wait for monday when You will have a chance to consult it with tech/it guys.

You missing the point; execution happens as normal in under 500ms, BUT the confirmation of execution is held up and the front end GUI cannot process it in parallel and this IS an MT4 issue, not a technical issue on our side.

This 'what if' scenario on modify orders may be an issue and I will consult with our team to get a better explanation there.

Atomico and anyone else on that spike with the delayed confirmation did not loose money, if they did we would compensate it, the execution was done in 450ms on average for all his orders that day.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 04, 2012, 09:12:43 AM
Actually this is a MT4 issue which I have experienced on other ECN brokers as well. Tricky thing is you won't realize most of the time when it happend unless you are in front of your screen at that time. It is not a problem in execution but a "traffic jam" inside MT4. Kevin is just the first to actually respond to this issue in detail. God knows I have tried to get other brokers to comment on that issue :D

Correct, this has nothing to do with our tech setup and the only thing we can do is limit the number of traders per licensed server which we already do however we have some high volume clients. MQ says 3,000 active clients per server, my estimate is 1500 or less.

Our new NY setup will be limited to 1500 active traders until we launch a new server/license.

Cheers,
Title: Re: FXPig
Post by: JonnoB on August 04, 2012, 09:36:41 AM
We also have our own platform almost ready for private beta ..

Do you have enough Beta tester?

... which will also increase execution times ...

I assume you meant decrease.
Title: Re: FXPig
Post by: atomico on August 04, 2012, 10:10:11 AM
Sorry Kevin, ticket not created again, i hope to send it on next hours to you...

For the execution time, i don't understand why on my other account i don't have this same error... In the same vps i have other mt4 active, same version and same expert, the only broker where i report this 30seconds is PIG and OPEN, both at the same time...

When i use THOR on ALPARI and THINKFOREX i have the same problem of execution time when i go up the lotsize...
My actual used lotsize is about 2.50

The loss was consistent in the last session in PIG  and OPEN, the other account was very very low...

Then... It's only a displayed error?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 04, 2012, 10:23:55 AM
When you send me your ticket numbers I will give you the full FIX message which will show the true execution time with timestamps.

As I have said we share technology with FXOpen, which includes some of our routing technology, so the fact this happened at their end as well is nothing out of the ordinary.

I looked at all your executions that day and none were over 600ms.

We had a HUGE volume spike when this occurred and MT4's front end only excepts confirmations 1 at a time, I am not sure how else to explain this more clearly.

I await your support ticket...

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 04, 2012, 10:26:49 AM
BTW - Order size has absolutely nothing to do with this MT4 delay, if you trade was 0.1 or 1000 lots the same delay would have occurred as it has to do with the order in which your confirmation hit the MT4 queue.

Cheers,
Title: Re: FXPig
Post by: atomico on August 05, 2012, 08:55:35 AM
TICKET opened today... now wait for your news...

bye
Title: Re: FXPig
Post by: s1quash on August 06, 2012, 04:13:55 AM
BTW - Order size has absolutely nothing to do with this MT4 delay, if you trade was 0.1 or 1000 lots the same delay would have occurred as it has to do with the order in which your confirmation hit the MT4 queue.

Cheers,

Based on your experience. Is it possible to trade 1000 lots with a single pending stop order? How much would the expected slippage be trading eurusd in europe session? Which account on fxpig is best for larger orders?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 06, 2012, 08:33:30 AM
Sure it is possible, though a limit order would make better use of available liquidity as it works like a GTC and sits on the book till it is filled at your price or better. During the EU session the first 5 liquidity tiers will be separated by 0.1 pips each, so through the top 5 is 0.5 pips of possible slippage. The average depth there should be well above 100mio, and of coarse is 900mil is filled in the first three levels and the rest on the 4th level your VWAP price will be better than 0.5 pips off the top of book.

Keep in mind that a spike could slip this size order out 15 to 20 pips, but not necessarily on the entire bulk of the order, again the VWAP price is what is important here.

Both our feeds can handle these size orders during the EU or NY sessions however it is easier to tailor liquidity on our DMA feed as we can go directly to the banks providing the liquidity and ask for 100mio TOB and negotiate a spread with constant full fills on the pairs you trade and when you trade them.

Cheers,
Title: Re: FXPig
Post by: Sidekickeh on August 06, 2012, 10:12:33 PM
blah blah blah.. dress it up how you will with the "tweaks" Kevin. lol. Im only kidding on the blah blah blah part. But it seems to me that more or less from reading your posts about AMI and FxOpen, that....

your DMA feed = Advanced Markets Inc. and your ECN Feed = FxOPEN. Just re-packaged up slightly differently and with a little piggy stamp on it lol.
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 06, 2012, 11:06:51 PM
Our DMA feed is sourced mostly from AM, yes. They act as a PB to the sourced LPs.

Our ECN feed is not sourced from FXOpen, though we share technology, as our aggregation engine is built on their own system.

Cheers,
Title: Re: FXPig
Post by: Zuttasoxx on August 07, 2012, 07:24:35 AM
Half of the brokers use integral.. So what is the point here? You just see more difference in spread cause they have a custom mark up. But they use integral.
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 07, 2012, 10:33:47 AM
Once you source liquidity from just about every LP available via direct and indirect means...there is not much more you can do to spread unless you create a book. We have negative spreads on DMA for example, but on our development server we have connected the DMA feed onto the ECN aggregation and the only thing that changes is the depth as the negative spread top of book prices and the minimum allowed volumes never match up.

More liquidity now simply means more depth and more available pairs to trades but not necessarily different spreads.

Cheers,
Title: Re: FXPig
Post by: user456 on August 08, 2012, 06:17:36 AM
...

I will post the step by step scenario by Monday evening.

Cheers,

any news on this from your technician?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 08, 2012, 07:55:32 AM
I am waiting to compare note with our contact at MQ...

Should have something shortly. As we don't use the native MT processing methodology and we can see via FIX that the executions were normal with no delays we want to be sure that our hypothesis on the 'what if' scenarios is correct.

Sorry for the delay but I will post shortly...

Cheers,
Title: Re: FXPig
Post by: ultracat on August 09, 2012, 08:39:37 PM
Hi Kevin,

I just came across in another thread that you guys do a NMI SS managed account.  I also know about Euronis and Tradecopy managed account with you guys.  When I look at your website though, especially under the Managed Accounts section, I only see DOOR there and not the others.

Is there somewhere where all your managed accounts are listed so I can see what is on offer?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 10, 2012, 12:03:42 AM
For the NMI Managed Account you would need to contact them (NMI) directly as it is setup a bit different.

For the 'hosted' funds we offer each has it's own page. Once these funds have 60 to 120 days of history on our feed we will add them to the main FXPIG web site:

http://euronis.fxpig.com

http://tradecopy.fxpig.com

http://sub.fxpig.com

http://earninforex.fxpig.com
Title: Re: FXPig
Post by: bart p on August 11, 2012, 04:23:32 AM
I have opened a real$ account with FXPIG a few weeks ago.  Since this seems to be the most reputable and BS-free discussion about FOREX on the web, I wanted to share my experience here.

So far, this broker has been absolutely excellent. It is fast (much faster than other ECN brokers I have demo-ed with), market price entry is accurate even in fast moving or low volume conditions, and spreads are very low.

I have had the price come to within 0.1 pips of SL on 8-lot contracts  on several occasions, and it did not hit, so there does not seem to be SL-hunting or significant slippage.

Congratulations to Mr. Kevin.

BTW, I finally decided on the ECN broker based on the discussion in this forum, so thank you.
Title: Re: FXPig
Post by: aagarcia on August 11, 2012, 03:36:14 PM
I have opened a real$ account with FXPIG a few weeks ago.  Since this seems to be the most reputable and BS-free discussion about FOREX on the web, I wanted to share my experience here.

So far, this broker has been absolutely excellent. It is fast (much faster than other ECN brokers I have demo-ed with), market price entry is accurate even in fast moving or low volume conditions, and spreads are very low.

I have had the price come to within 0.1 pips of SL on 8-lot contracts  on several occasions, and it did not hit, so there does not seem to be SL-hunting or significant slippage.

Congratulations to Mr. Kevin.

BTW, I finally decided on the ECN broker based on the discussion in this forum, so thank you.
I'm glad you're happy with PIG.  So am I.  Kevin is truly a stand up guy and as honest as they come.
Title: Re: FXPig
Post by: Hyperdimension on August 12, 2012, 07:11:51 PM
We have negative spreads on DMA
If your DMA feed is truly passed in raw form to clients then they would be able to see these negative spreads when they occur and would technically be able to execute on such quotes. Can you confirm?

Would there be less slippage in a DMA account than an ECN account? You mentioned that in an ECN account an order could be routed all the way to a liquidity provider in Australia for execution, by which time the price may have moved significantly, resulting in slippage. Would it be possible to "blacklist" particular liquidity providers with whom we have experienced consistently high slippage?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 12, 2012, 09:58:31 PM
We have negative spreads on DMA
If your DMA feed is truly passed in raw form to clients then they would be able to see these negative spreads when they occur and would technically be able to execute on such quotes. Can you confirm?

Would there be less slippage in a DMA account than an ECN account? You mentioned that in an ECN account an order could be routed all the way to a liquidity provider in Australia for execution, by which time the price may have moved significantly, resulting in slippage. Would it be possible to "blacklist" particular liquidity providers with whom we have experienced consistently high slippage?

Yes  there are 0 and negative spreads on the DMA feed as the LPs in question are banks and no dual aggregation is used. Normally on a negative spread the liquidity is thin but yes they are executable.

Overall the DMA can still see higher slippage on non-latency related slips due to the larger gaps in tiers (as the tiers are larger on average).

On the ECN we do look to filter our LPs where we see a high percentage of slippage, but all LPs slip, not all the time, but they all do, and when we see slippage that is not in line with PA we do filter out these providers until we can verify the feeds stability.

Cheers,
Title: Re: FXPig
Post by: fx.mstr on August 13, 2012, 01:24:46 AM
Does anyone run Kangaroo EA on FxPig?

Which account is better for this EA and FGB, the DMA or the ECN?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 13, 2012, 02:08:50 AM
I have seen this run on our ECN. Normally these style systems do better long term on the ECN, more entries, better exits, due to the higher tick count.

Cheers,
Title: Re: FXPig
Post by: fx.mstr on August 13, 2012, 02:34:18 AM
I have seen this run on our ECN. Normally these style systems do better long term on the ECN, more entries, better exits, due to the higher tick count.

Cheers,

Thanks Kevin.

I think I make a try with your brokerage.  ;)

Can you tell me what's the average ping between CNS NY server and your ECN server?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 13, 2012, 04:33:17 AM
Right now....we do have nodes in NY that can 'show' a ping of around 7ms, but the average true ping time will be around 25ms.

We are close to getting our NY servers up and online, but it seems there is ALWAYS a snag somewhere, however once they are up that will drastically reduce the ping times.

Cheers,
Title: Re: FXPig
Post by: crashev on August 13, 2012, 10:02:01 AM
What happend with:

http://sub.fxpig.com/index-page=elbefx.aspx.html
http://earninforex.fxpig.com/index-page=earninforex.aspx.html

?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 13, 2012, 10:12:30 AM
Just tiding up the link system:

http://sub.fxpig.com
http://earninforex.fxpig.com

Cheers,
Title: Re: FXPig
Post by: zuk156 on August 13, 2012, 06:38:40 PM
I am looking FxPig DMA demo eurchf chart and on 6th May 2012 at 22h there is down spike, not seen at other brokers.  It was sunday's opening time.  Kevin can you shed some light on this what might be the cause and how can you prevent this from happening again.
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 13, 2012, 10:32:05 PM
Yes, we had off quotes come in on all CHF pairs on that date, I believe from Citi if I am not mistaken.

I will have our techs take a look and clear the incorrect data.

Thank you for the heads up.

Cheers,
Title: Re: FXPig
Post by: Hyperdimension on August 14, 2012, 08:23:56 AM
Overall the DMA can still see higher slippage on non-latency related slips due to the larger gaps in tiers (as the tiers are larger on average).
What trade size range would be optimal for the lowest slippage on the DMA account and ECN account?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 14, 2012, 09:00:21 AM
Trade size has little to do with slippage and there is no true correlation between trade size and slippage.

Every trade, every execution is different and tiered liquidity is not always the same and every pair has different tier gaps.

This question is truly unanswerable with any certainty.

If you give me a trade size and a specific pair I can give you a ballpark idea based on liquidity only. Latency of coarse is another story.

Cheers,

Title: Re: FXPig
Post by: Hyperdimension on August 15, 2012, 05:28:51 AM
Every trade, every execution is different and tiered liquidity is not always the same and every pair has different tier gaps.
Can you explain how tier gaps relate to slippage?


If you give me a trade size and a specific pair I can give you a ballpark idea based on liquidity only.
OK how about EURUSD, trade size 0.1 lots and 1 lot for both DMA and ECN accounts.

Have you formulated any slippage statistics like average slippage vs. trade size, vs. time of day, or vs. news dates?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 15, 2012, 06:59:15 AM
On the example you gave the slippage based on liquidity should be 0.

Normal TOB (top of book) liquidity is at the very least 1mio during the most illiquid time of the day and over 20-30mio during the most liquid times of the day.

On larger trades, or large groups of small trades, a gap in tier pricing say of 1 to 2 pips will mean that as those trades go through the book to fill and the liquidity is eaten up at the TOB the very best price they can expect is already 1 to 2 pips away. Think of these tiers as a ladder. If rung one breaks and rung two is 2 feet away you will need to fall at least 2 feet before you stop, but if it breaks as well...well you start to see the point. Normal tier gaps are 0.1 pips, but they can be much wider around news or when spikes occur as banks and larger LPs pull their liquidity to de-risk their overall positions.

We do have and keep averages but they are very small, as overall slippage is never that high, however when all you do is trade on spikes or during rollover, or at news time, then you will always see higher than normal slippage.

Cheers,
Title: Re: FXPig
Post by: user456 on August 19, 2012, 09:35:50 AM
I was on vacation and did not keep up with this thread. But I cannot see any update on this? Any news?

I am waiting to compare note with our contact at MQ...

Should have something shortly. As we don't use the native MT processing methodology and we can see via FIX that the executions were normal with no delays we want to be sure that our hypothesis on the 'what if' scenarios is correct.

Sorry for the delay but I will post shortly...

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 19, 2012, 10:15:41 AM

At this point this is still the very best assumption on what happens on a technology level. The problem is we cannot recreate the error and it had never happened before and has not happened since.

MQ has not been helpful in this matter and our techs are still trying to get this to re-occur on our development server to get the exact cause.

Cheers,
Title: Re: FXPig
Post by: atomico on August 20, 2012, 06:21:01 PM
Some news regarding the new equinix server?

Title: Re: FXPig
Post by: Kevin @ FXPIG on August 20, 2012, 10:07:21 PM
Not quite yet.

I wish I had complete control over this but when it comes to server collocations, networking, and software installation and burn-in testing we rely on a team of third party professionals and these things always tend to take longer than expected as there needs to be no chance of error.

I will update this thread once I have a date.

Cheers,
Title: Re: FXPig
Post by: eatradingonly on August 21, 2012, 03:40:34 AM
Hi Kevin,

Can you tell me how many employees your company has?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 21, 2012, 06:15:50 AM
Currently our company employes 15 people directly and contracts services from about another 20 or so people indirectly via third party relationships.

Cheers,
Title: Re: FXPig
Post by: JonnoB on August 21, 2012, 11:03:58 PM
Just curious.

Zero Hedge has an article about Reuters 3000 going down. Is this something that you have noticed or are we to far removed to see this issue?

http://www.zerohedge.com/news/reuters-forex-trading-platform-one-two-key-global-fx-trading-systems-offline
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 21, 2012, 11:18:51 PM
Reuters currently has about 2.5 to 3% of the daily FX flow come through it's platform. I did see the news and while we do have FXall in our feed, which was recently bought by Reuters, I did not notice anything unusual. We can speculate that this had something to do with the overall PA today but I would venture to say the PA had something to do with the technical issues rather than the other way around.

Cheers,
Title: Re: FXPig
Post by: JonnoB on August 21, 2012, 11:27:21 PM
Thanks Kevin.
Title: Re: FXPig
Post by: alisonr on August 22, 2012, 01:43:06 PM
This has been copied from FF forum:

"....I recently had a account with FXPig. There execution times were very good as well as their advertised spreads (not sure I always got them). One thing that I found annoying is there back office set up. When you transfer money it goes into what I think is a private pig account. From there you need to create and then transfer money to an fx account. It cost $40 USD to transfer money to the private pig account and then $12 to transfer it to the fx account. Seems over the top to me....."

Kevin, Could you confirm if this information is correct and if the total deposit fee is around 52$ ?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 22, 2012, 10:43:20 PM
That was from our original back office some 18 months ago when we also offered other services other than that of a normal FX Broker. This is no longer the case.

Our bank charges 10 to 20USD to receive a local or international wire transfer. Those fees are all inclusive.

Cheers,
Title: Re: FXPig
Post by: Hyperdimension on August 24, 2012, 08:55:40 AM
Our DMA feed is sourced mostly from AM, yes. They act as a PB to the sourced LPs.
What would be the difference between trading directly with Advanced Markets than through FXPig? Is there an extra step in order execution if trading through FXPig?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 24, 2012, 10:47:12 PM
No extra step.

We do have a few extra liquidity sources and our commission rate is lower, not to mention you can receive up to 1:200 leverage.

Cheers,
Title: Re: FXPig
Post by: forex4all on August 31, 2012, 04:41:38 PM
i have tried to open demo account i coudnt open, i dont know why?
Title: Re: FXPig
Post by: ultracat on August 31, 2012, 05:27:10 PM
Hi Kevin,

Which account type do you recommend for news trading:  DMA or ECN?  Apologies if you've answered this before but I don't fully get the difference.
Title: Re: FXPig
Post by: Kevin @ FXPIG on September 01, 2012, 07:06:26 AM
On the demo account: the demo server has been getting overloaded lately, but with the new LIVE/DEMO setups in NY coming shortly that will put an end to those errors. You should be able to get that account open now, if not you can contact me directly and I will open you an account from our side.

For the news trading question: That depends really on the size of the trade and the pairs traded. New trading is tricky on a true ECN setup as many market makers (banks for example) widen spreads and pull liquidity around news so execution times can widen. I would say the ECN has the best chance to fill you, but there will be slippage. On the DMA side all the LPs are banks, so while you may be see as much slippage the spread will widen.

Cheers,
Title: Re: FXPig
Post by: Jackmarkets on September 02, 2012, 11:29:13 AM
Do all PAMM providers through you have to be locally regulated with their financial organisations?
Title: Re: FXPig
Post by: Kevin @ FXPIG on September 02, 2012, 10:26:53 PM
That depends on how the contract between FXPIG and the Manager is structured and where the manager is located.

Cheers,
Title: Re: FXPig
Post by: Gestur on September 07, 2012, 04:50:45 PM
Hi Kevin.

I'm coding some EA's and when I tried to test them on FXPIG I found that:

MarketInfo(Symbol(), MODE_LOTSTEP) = 0.01
MarketInfo(Symbol(),MODE_MINLOT) = 0.01

Where they should be:

MarketInfo(Symbol(), MODE_LOTSTEP) = 0.01
MarketInfo(Symbol(),MODE_MINLOT) = 0.1

So my ea tries to open 0.04 lots and it fails. I can do a workaround but did you know about this issue?
Title: Re: FXPig
Post by: Kevin @ FXPIG on September 07, 2012, 10:50:33 PM

Yes, on the demo server we are aware of this. I have sent several inquires to MQ regarding this in the past and supposedly the next build will correct this.

Having said that our new servers, which will include a new demo server will be up in NY within 3 to 4 weeks, and we will be sure to get this set hard coded correctly the first time.

Cheers,
Title: Re: FXPig
Post by: Gestur on September 10, 2012, 03:21:09 PM
Thanks  ;)
Title: Re: FXPig
Post by: geektrader on September 11, 2012, 03:30:38 PM
If your EA tries to open 0.04 lots when min-lot is 0.1, you definitely should rework your code to check for minlot / lotstep and adjusting the lot-size correctly so that it can handle all those situations.
Title: Re: FXPig
Post by: geektrader on September 13, 2012, 10:53:56 PM
@Kevin: would you like to comment on the massive slippage (47 pips slippage on ONE trade was the highest Iīve spotted) during FOMC release that some tick-scalper users had with FXPig? My Armada account had 4 pips as the highest slippage and 0.6 pips slippage on average during the same spike. So it canīt be blamed on the market at all.

Title: Re: FXPig
Post by: Kevin @ FXPIG on September 13, 2012, 11:06:08 PM

Can whoever owns this account please send me their account number and ticket / order IDs for the worst 3 slips?

47 pips should be impossible as we have server side filters to reject LP executions at above 15 pips of slippage on the EURUSD.

As soon as I have the information I will launch an investigation on my side.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on September 13, 2012, 11:08:57 PM


Nevermind this is Adam's account.

I will have a look and post here within 24 hours.

Cheers,
Title: Re: FXPig
Post by: geektrader on September 13, 2012, 11:15:24 PM
OK, seems the filter did not work to well since those are the prices the trades have been closed at not virtually but in reality. Slippage still doesnīt seem to be under any control it seems.
Title: Re: FXPig
Post by: Kevin @ FXPIG on September 14, 2012, 02:16:09 AM

Initially when I saw the post I did not notice that these were Stop Loss orders. Due to the nature of a stop loss, and the fact they must be acted on based on our ToS they are not sent via the slippage filter, only buy and sell stops and entry market orders are. So that quels that issue.

Now on to the main issue here, the slippage:

Order 4307476 | - 46.7 pips

The entry was executed by CNX after 14 rejections from other LPs and the exit was accepted by CFH Markets and took 5 seconds to execute

(See the FIX message below for this trade)

I hate to beat a dead horse, but as 99% of traders only see the retail side of things with company's throwing around the 'ECN / DMA / STP' acronyms like like bait hooks to unsuspecting traders, they fail to really understand how the market, and I say that loosely as there is no true market in FX, one single MM, say a large bank can create 10 different feeds, creating 10 different 'Markets' as it suits their business model, actually works.

Let me give you a very clear cut example:

Broker A is connected to Market Maker A as their sole LP. Their flow is 10 yards per month and their overall profitability percentage is 30%, meaning only 30% of their clients are profitable.

Broker B is connected to Market Maker A as their sole LP. Their flow is 30 yards per month and their overall profitability percentage is 70%, meaning 70% of their clients are profitable.

Now Broker A will have instant execution from Market Maker A because the MM is able to make money on the flow without offsetting their own risk.

Broker B on the other hand will be a-booked by Market Maker A as much as possible as their flow is considered toxic to the Market Maker as they cannot make money from it.

Now as both brokers add liquidity the process resets itself, but as both grow they will get to a point when b-book is near impossible. This can be due to shear size, profitability, trading style, or several other factors.

Due to our own private DOOR trading and the fact that 80% of our clients are profitable we are taken off b-book execution, even on new LPs, within a few days normally. On occasion we get an LP that can handle our risk, depending on their percentage of TOB exposure, for maybe 30 days, but no more than that.

When an LP like CFH takes 5 seconds to confirm a trade...this is a-book....no doubt about it. CFH offloads their book to BNP, one LP. so if they reject the trade it sits there until they accept it.

Again this is the nature of an OTC market.

I have already been chastised for mentioning information on other brokers, but I can tell you the current execution quality on many of our competing brokers is due to their current flow. While they may not b-book, their main LP or the provider of their WL does, and this will not last forever. This is a fact in forex and it happens all the time. Our business model was to try and get our feed a-booked from the start as to provide a real market experience. For some strategies, like most EAs that tend to sell at the moment other than your grid systems, this is not ideal. The reality is however this IS the 'market' and if your system does not work here....well you can complete this sentence as you wish.

Our NY servers are close to launch and we will be also pushing a new addition to our aggregation engine which will allow us to customize liquidity easier, so we can always match other brokers setups for certain client groups. We may try this with SS traders as well as our FIX API project, but it is not something I like to do as the party will be short lived, however most traders are short sighted and a few possible months of gains is more attractive to them them long term profitability and true EA optimization on a true to market feed.

Once our NY setup is complete I will invite you geektrader to monitor an account trading SS with company money so you can report the progress here. And we can customize a feed for you based on what brokers work currently.

---------------------------------------------------
4307476 | - 46.7 pips

[LR]<20120913-16:32:07.428, 55808, Transaction>:
1. <20120913-16:32:05.770, (T32)> Start Transaction - ExecuteStopOrder:
volume=12|cmd=SELL_STOP|symbol=EURUSD|
order=4307476|login=399330|digits=5|open_time=20120913-19:32:17|open_price=1.29203|sl=1.29237|tp=1.28739|close_time=19700101-00:00:00|value_date=0|expiration=0|conv_rates[0]=0|conv_rates[1]=0|commission=0|commission_agent=0|storage=0|close_price=1.29069|profit=0|taxes=0|magic=3333|comment=SuperScalper EA|margin_rate=1.29203|

52. <20120913-16:32:07.354, (T1)> Order #4307476 with price = 1.29203 was allocated with BankSession "FIX.4.4:dcMT55000T->CNX" Bank code = 1 price = 1.29214 volume = 12000
52.16.1. <20120913-16:32:07.354, (T64)> Sending FIX Message (Add Limit Order):
   OrdType=F|Side=Sell|Symbol=EUR/USD|TransactTime=20120913-16:32:07|ClOrdID=399330_1347553927_2^4044|9=140|MsgType=New Order - Single|Currency=EUR|21=1|OrderQty=12000|Price=1.29103|59=1|ExpireTime=20380119-03:14:07|460=4|OrigOpenTime=20120913-16:32:07|
   52.16.2. <20120913-16:32:07.370, (T32)> Received Response to FIX Message (Add Limit/Stop Order):
   OrdStatus=New|OrdType=F|AvgPx=0.0000|CumQty=0|LastQty=0|LeavesQty=12000|ExecID=584726_863375|OrderID=1412025191|Side=Sell|Symbol=EUR/USD|TransactTime=20120913-16:32:07|ExecType=New|ClOrdID=399330_1347553927_2^4044|9=267|MsgType=Execution Report|34=3923|49=CNX|52=20120913-16:32:07.520|56=dcMT55000T|Currency=EUR|OrderQty=12000|41=399330_1347553927_2^4044|Price=1.29103|110=0|460=4|OrigOpenTime=20120913-16:32:07|
   52.16.3. <20120913-16:32:07.374, (T32)> Received Response to FIX Message (Add Limit/Stop Order):
   OrdStatus=Filled|OrdType=F|AvgPx=1.29204|CumQty=12000|LastPx=1.29204|LastQty=12000|LeavesQty=0|ExecID=B20122570BR2Z00|OrderID=1412025191|Side=Sell|Symbol=EUR/USD|TransactTime=20120913-16:32:07|ExecType=Trade|ClOrdID=399330_1347553927_2^4044|9=332|MsgType=Execution Report|34=3925|49=CNX|52=20120913-16:32:07.524|56=dcMT55000T|Currency=EUR|OrderQty=12000|41=399330_1347553927_2^4044|Price=1.29103|64=20120917|75=20120913|110=0|453=1|448=*|452=1|460=4|OrigOpenTime=20120913-16:32:07|
<20120913-16:32:07.428> #76823. Committed Transaction, MtOrderId = 4307476 Duration = 1654 ms.

---
[LR]<20120913-16:33:05.204, 39112, Transaction>:
1. <20120913-16:32:10.948, (T32)> Start Transaction - ExecuteSL:
volume=12|cmd=SELL|symbol=EURUSD|
order=4307476|login=399330|digits=5|open_time=20120913-19:32:19|open_price=1.29204|sl=1.29106|tp=1.28739|close_time=19700101-00:00:00|value_date=0|expiration=0|conv_rates[0]=1.29204|conv_rates[1]=0|commission=-0.9|commission_agent=0|storage=0|close_price=1.2911|profit=11.28|taxes=0|magic=3333|comment=SuperScalper EA|margin_rate=1.29204|

118. <20120913-16:33:04.327, (T1)> Order #4307476 with price = 1.29598 was allocated with BankSession "FIX.4.4:FXPIG->CfhLiveOrders" Bank code = 11 price = 1.29536 volume = 12000

118.38.1. <20120913-16:33:04.328, (T64)> Sending FIX Message (Add Limit Order):
   OrdType=2|Side=Buy|Symbol=EURUSD|TransactTime=20120913-16:33:04|ClOrdID=399330_1347553984_2^4424|9=133|MsgType=New Order - Single|Currency=EUR|21=1|OrderQty=12000|Price=1.29698|59=1|ExpireTime=20380119-03:14:07|OrigOpenTime=20120913-16:33:04|
   118.38.2. <20120913-16:33:04.452, (T32)> Received Response to FIX Message (Add Limit/Stop Order):
   OrdStatus=New|OrdType=2|Account=ACC3241|AvgPx=0|CumQty=0|LeavesQty=12000|ExecID=0|OrderID=62-3149|Side=Buy|Symbol=EURUSD|ExecType=New|ClOrdID=399330_1347553984_2^4424|9=213|MsgType=Execution Report|34=2065|49=CfhLiveOrders|52=20120913-16:33:04.545|56=FXPIG|Currency=EUR|21=1|OrderQty=12000|Price=1.29698|59=1|OrigOpenTime=20120913-16:33:04|
   118.38.3. <20120913-16:33:04.543, (T32)> Received Response to FIX Message (Add Limit/Stop Order):
   OrdStatus=New|OrdType=2|Account=ACC3241|AvgPx=0|CumQty=0|LeavesQty=12000|ExecID=0|OrderID=62-3149|Side=Buy|Symbol=EURUSD|ExecType=Replace|ClOrdID=399330_1347553984_2^4424|9=213|MsgType=Execution Report|34=2079|49=CfhLiveOrders|52=20120913-16:33:04.634|56=FXPIG|Currency=EUR|21=1|OrderQty=12000|Price=1.29698|59=1|OrigOpenTime=20120913-16:33:04|
   118.38.4. <20120913-16:33:04.740, (T32)> Received Response to FIX Message (Add Limit/Stop Order):
   OrdStatus=Filled|OrdType=2|Account=ACC3241|AvgPx=1.29573|CumQty=12000|LastPx=1.29573|LastQty=12000|LeavesQty=0|ExecID=1218108|OrderID=62-3149|Side=Buy|Symbol=EURUSD|ExecType=Trade|ClOrdID=399330_1347553984_2^4424|9=245|MsgType=Execution Report|34=2103|49=CfhLiveOrders|52=20120913-16:33:04.833|56=FXPIG|Currency=EUR|21=1|OrderQty=12000|Price=1.29698|59=1|OrigOpenTime=20120913-16:33:04|
<20120913-16:33:05.203> #76992. Committed Transaction, MtOrderId = 4307476 Duration = 54242 ms.

Title: Re: FXPig
Post by: JonnoB on September 14, 2012, 05:52:02 AM
Thanks for the insight into the business Kevin.
Title: Re: FXPig
Post by: geektrader on September 14, 2012, 05:52:23 AM
Thanks for the investigation, but seriously Kevin, itīs doesnīt help us tick-scalper trades at all. Armada Markets runs NO b-book as well, they just use an exchange that has a no last-look policy (LMAX) and kick each and every additional LP that gives them to high slippage + adding new ones all the time to the mix and only if they stay at low slippage they will be kept. Might be the method to go for FXPig as well, surely spread would be a bit higher, but if that reduces slippage, then noone would bother actually to pay a higher spread. Apart from this there are other brokers like AXI and IC Markets who also had no slippage in excess of 3 to 4 pips on the FOMC spike and this is lasting for months already without problems.

And surely, you cannot optimize a tick-scalper to a real market that gives slippage of 47 pips, you can forget a strategy like this in this case - though I believe at Armada I am indeed trading the real market as well, just with better slippage since I trade on an exchange with other users and not greedy banks only. So that might make the different. Not sure how AXI / IC Markets do it since they also perform very well since a long time already and slippage on FOMC also hasnīt been in excess of 3 to 4 pips.... so...

Still hope the best for FXPig, it might work for the people that are no scalping the news.

And last but not least and very honestly: I really canīt care less where my profits are coming from and if I trade the "real market" or not, as long as I make a profit, it is the right option for me and is what really puts the food on the table - being proud of trading the real market will not give me anything you know.
Title: Re: FXPig
Post by: geektrader on September 14, 2012, 07:14:32 AM
Well if LMAX is b-booking the Armada trades, why would there be any slippage at all then? I mean we also had 4+ pips slippage, some others reported 11 pips slippage during FOMC there, so doesnīt look like b-booking to me.
Title: Re: FXPig
Post by: geektrader on September 14, 2012, 07:30:25 AM
Well, I can tell you that I am having 5 order confirmations per second with Armada - sending Stop Orders, modifying an order, all confirmed by the server as well, so that comes to under 250ms execution and modification time which is great and havenīt had that anywhere. All that during a spike like FOMC.

As for b-booking itīs clear that the broker runs itīs own market within that book, but still no b-bookers I know give 11 pips slippage.
Title: Re: FXPig
Post by: crashev on September 14, 2012, 08:30:12 AM
So -47 pips slippage is possible at the end of day.
There is no explenation for this.

As we retail traders, we don't care how this old system works, where banks can cheat us where they can.
One thing is sure for now, the only good direction for retail traders is LMAX.

And about b-booking, if LMAX is b-booking MT4 trades it would mean they are hit every time clients win. If this is true, then we will
soon see a change in their policy. If it's not, then for sure they are doing it they own, other way.
Title: Re: FXPig
Post by: crashev on September 14, 2012, 08:58:57 AM
I believe I gave an explanation, perhaps you missed it.

LMAX is a great system, but they can't handle our volumes on their own. We have them in our feed and they fill less than 15% of our orders on a good day.

Again it is a catch 22, more liquidity, more LPs, larger latency, but more coverage and better fill rates on larger traders or one or two LPs better execution on certain order types but thin liquidity.

Here we had an LP take the trade and pass it to their PB as they have only ONE and they took 5 seconds to fill the trade. Again if they had more than one source this would not have happened.

LMAX b-books their MT4 flow. A well run b-book can run well, but this tick scalping fad will die eventually if the EAs do not account for real market movements.

Anyway, I am still beating this poor dead horse.

Cheers,

Kevin, don't get me wrong, I really appriciate Your time taking to address all those concerns and questions.
But I think retail clients are on the weak spot here and it's just time to reinvent the whole idea again and head towards solutions like LMAX.
Where there is no last-look policy, and what You see is what You get, not what You see can be rejected and delayed for 5 seconds.

I hope it will all evolves soon. Let the best execution wins.
Title: Re: FXPig
Post by: Josef on September 14, 2012, 09:47:09 AM
I have an account with LMAX, and I doubt that they b-book my trades.

1) The account is now three month old and 90% up. The average trade duration is >30 seconds, and I trade 2-6 lots per trade. If they b-book  my trades, they would not make any money with me.

2) If my profits were  their loss, they would find a way to take my account down. I have read that the server plug in from metaquotes is a handy tool for doing this. However, instant, they called me and asked me if it is ok when they lower my commission.

3) I got fried by many brokers, many times and simple don't want to believe that LMAX is another broker, which smiles to my face while *&#$@#^.

Josef


Title: Re: FXPig
Post by: crashev on September 14, 2012, 10:07:31 AM

Anyway I hope LMAX conditions don't change with time and will remaing the same. As for today, there is no competition for them among other brokers.
Liquidity is low that's true, but why should I go to other broker with better liquidity and lose money, does not make sens. So hopefully LMAX will grow fast and will be more liquid with every month.
Title: Re: FXPig
Post by: Kevin @ FXPIG on September 14, 2012, 10:25:48 AM
I just received an email from Armada Markets.

So all posts removed.

So much for an open exchange of information.

Cheers,
Title: Re: FXPig
Post by: user456 on September 14, 2012, 10:42:09 AM
did they ask you to take the posts down? And if so why do you oblige?
Title: Re: FXPig
Post by: Kevin @ FXPIG on September 14, 2012, 10:47:43 AM
No they did not but honestly I am starting to see why no other broker communicates directly on forums.

Unfortunately I do not want to fight just for the sake of fighting.

Cheers,
Title: Re: FXPig
Post by: crashev on September 14, 2012, 02:25:25 PM
Armada is reading this forum, interesting :)
Title: Re: FXPig
Post by: Kevin @ FXPIG on September 14, 2012, 03:11:31 PM
No they are not one of their clients emailed them about one or more of my posts.

I guess most people either did not read my entire posts or simply think that any comment made from one broker about another must be defamatory.

Oh well.

Cheers,
Title: Re: FXPig
Post by: crashev on September 14, 2012, 03:40:20 PM
It seems like some conversation should be kept in a closed circle and not be public.
What a stupid idea to read something You write here and run to Armada's ppl in order to comment that.
Title: Re: FXPig
Post by: geektrader on September 14, 2012, 03:53:16 PM
Well, I guess everyone knows that it was me who pointed Armada to that thread. Since I communicate with them on a daily base anyway, I was really just asking for comments on how there order-flow is and if LMAX is b-booking and if Kevin is right with his assumptions. They told me that LMAX cannot b-book trades as this would be against the law and all our trades are placed on the real order book of LMAX since this is what LMAX is actually about and a b-book would be against the whole idea of LMAX. And they cannot even legally run a b-book since law doesnīt permit it, so. All other actions have not been requested by me, I just wanted to hear both sides. But as far as I understood, there must have been other "problems" that Armada had with FXPig and vice versa in terms of telling false rumors about Armada and LMAX.

I can only say that Armada are the most honest people Iīve ever met yet and that I communicate with them on a daily base and everything is absolutely open, even technical things are being revealed, nothing is kept secret from their clients, and that is what I really like.

As for posting on public Forums, Iīve suggested that to them a few times, but they are not interested in "fights" and believe that the better service and execution will speak for itself and bring in clients automatically as they notice that the trading conditions are perfect. And in the end this might indeed be the right way to go.
Title: Re: FXPig
Post by: aagarcia on September 14, 2012, 07:31:55 PM
Well, I guess everyone knows that it was me who pointed Armada to that thread. Since I communicate with them on a daily base anyway, I was really just asking for comments on how there order-flow is and if LMAX is b-booking and if Kevin is right with his assumptions. They told me that LMAX cannot b-book trades as this would be against the law and all our trades are placed on the real order book of LMAX since this is what LMAX is actually about and a b-book would be against the whole idea of LMAX. And they cannot even legally run a b-book since law doesnīt permit it, so. All other actions have not been requested by me, I just wanted to hear both sides. But as far as I understood, there must have been other "problems" that Armada had with FXPig and vice versa in terms of telling false rumors about Armada and LMAX.

I can only say that Armada are the most honest people Iīve ever met yet and that I communicate with them on a daily base and everything is absolutely open, even technical things are being revealed, nothing is kept secret from their clients, and that is what I really like.

As for posting on public Forums, Iīve suggested that to them a few times, but they are not interested in "fights" and believe that the better service and execution will speak for itself and bring in clients automatically as they notice that the trading conditions are perfect. And in the end this might indeed be the right way to go.
If what you're saying is true, then in essence, you are stating Kevin is lying.  It can't be read any other way.
Title: Re: FXPig
Post by: Kevin @ FXPIG on September 14, 2012, 08:36:27 PM
I guess there is truly no reason to respond here.

Given the extreme childish nature of this forum as of late I will be removing myself completely from DFX.

I can and will still will help anyone looking for advice or has questions via email skype of phone.

Believe what you want....and NEVER take what is written by ANYONE as fact until you yourself actual research it.

Cheers,
Title: Re: FXPig
Post by: robl45 on September 14, 2012, 09:30:39 PM
I guess there is truly no reason to respond here.

Given the extreme childish nature of this forum as of late I will be removing myself completely from DFX.

I can and will still will help anyone looking for advice or has questions via email skype of phone.

Believe what you want....and NEVER take what is written by ANYONE as fact until you yourself actual research it.

Cheers,

seems a bit harsh, your input is important to people.
Title: Re: FXPig
Post by: kaltrax on September 14, 2012, 09:40:30 PM

                    What a day...., I think that we lost a very important contributor i never learnt as much of brokers how Kevin has generously shared whith us..


                     Thanks for share all your knowledge here.

                     
 
Title: Re: FXPig
Post by: geektrader on September 15, 2012, 02:07:28 AM
I am not stating that Kevin is lying! Kevin just has stated that  Armada and LMAX b-books all trades. I have talked with Armada about this since this is important to know and they replied and told me that they are not b-booking, thatīs the reply I got from Armada and that Iīve posted it here, thatīs all. I donīt know who of both is lying but it is clear that someone is lying since it can just either be the case that they are b-booking or they arenīt b-booking. All I can say is that personally I know Armada very long time already and have technical chats with them each day and so far they never had anything to hide at all. And I am also wondering where Kevin does know from that all trades via MT4 are b-booked at LMAX?
Title: Re: FXPig
Post by: crashev on September 15, 2012, 09:00:16 AM
I am not stating that Kevin is lying! Kevin just has stated that  Armada and LMAX b-books all trades. I have talked with Armada about this since this is important to know and they replied and told me that they are not b-booking, thatīs the reply I got from Armada and that Iīve posted it here, thatīs all. I donīt know who of both is lying but it is clear that someone is lying since it can just either be the case that they are b-booking or they arenīt b-booking. All I can say is that personally I know Armada very long time already and have technical chats with them each day and so far they never had anything to hide at all. And I am also wondering where Kevin does know from that all trades via MT4 are b-booked at LMAX?

I don't know if You know but 'chatting with broker on daily basis' just sounds simply stupid. You treat them as Your shrink? If You bomard them everyday with strange questions I'm not surprised they just trying to get You off their back by giving You the answers You want.
Never heard someone treated support/live chat of broker as the "mate" to chat with everyday.
Title: Re: FXPig
Post by: LFN on September 15, 2012, 09:05:35 AM
I guess there is truly no reason to respond here.

Given the extreme childish nature of this forum as of late I will be removing myself completely from DFX.

I can and will still will help anyone looking for advice or has questions via email skype of phone.

Believe what you want....and NEVER take what is written by ANYONE as fact until you yourself actual research it.

Cheers,

Please stay with us here on DFX.
I think most of us appreciate your replies and sharing knowledge on this forum, in this thread and other threads.
Title: Re: FXPig
Post by: Whaley on September 15, 2012, 10:35:17 AM
What did Kevin think, that such lies would go unnoticed with LMAX/Armada? If I was the CEO of Armada/LMAX then I would explore the potential for a legal case agains Kevin/FXPig for the stuff that he has distributed on Donna for weeks now.

It's maybe even good that Kevin left Donna, he can now focus more on improving the slippage issues that FXP faced even this week.

My opinion maybe a bit biased, as I'm client of both Armada and LMAX. Nonetheless I give the guys credit because they are focused on serving their clients, improving services all the time, etc, and are not focused on slandering their competitors.

I hope Kevin will come back, as I liked some of his in-depth thoughts on technical aspects of brokers and trading. If he decides to come back, however, then he should probably give some thought on what is his real focus.
Title: Re: FXPig
Post by: geektrader on September 15, 2012, 03:28:13 PM
@crashev: well, I couldnīt care less what you think is plain stupid in your opinion. You have no idea what we are doing on a daily base at all, so keep your tone down a bit if you donīt know what you are talking about. Talking like this without knowing anything about the background of my daily contacts with Armada is actually plain stupid.

In fact it is the case that Armada emails me daily, not me them. This has to do with several things like that we exchange the daily execution times / overall slippage on my scalping trades on a daily basis so that we can see if there was any problem for tick-scalping that day. E.g. higher slippage, higher execution times, whatever. They take great care about that our tick-scalping will go well with them and hence I am doing those reports all the time, also so they know what exactly to do to even improve the execution for us tick-scalpers. I am basically doing this to keep the tick-scalping for all of us profitable for a long time to come and they really care and exchange ideas with me. Then we also had many emails exchanging details about execution on the new pairs theyīve added this week. We were measuring if those new data-streams for the new pairs have any effect on the server-speed or execution time etc etc. Armada and I am really doing my best to keep the enviroment perfect for tick-scalpers on a daily base and thatīs why we are in contact daily since I am running my own tick-scalper there, nothing out of the box, and do up to 1000 trades per day on Armada and hence have a good amount of statistics to show them each day which really helps them to keep the quality they offer right now. I am doing it for the community in the end, wouldnīt need to devote so much time each day.
Title: Re: FXPig
Post by: Tradenow on September 15, 2012, 04:26:49 PM
I guess there is truly no reason to respond here.
Given the extreme childish nature of this forum as of late I will be removing myself completely from DFX.

sorry but this is extremly childish.

best regards
Mark
Title: Re: FXPig
Post by: carlleese24 on September 16, 2012, 06:03:34 PM
I guess there is truly no reason to respond here.

Given the extreme childish nature of this forum as of late I will be removing myself completely from DFX.

I can and will still will help anyone looking for advice or has questions via email skype of phone.

Believe what you want....and NEVER take what is written by ANYONE as fact until you yourself actual research it.

Cheers,

Hi Kevin

Its a shame you are leaving this forum because I believe you have been a valued member to this forum with a lot of information you have freely given about brokers etc but I understand because other valued members have left because of this behaviour I just hope we don't lose any more.

Carl



Title: Re: FXPig
Post by: geektrader on September 16, 2012, 09:49:30 PM
Honestly, if Kevin is leaving because he canīt back up his statement that Armada/LMAX is b-booking, then let him go. Posting things is one thing, but backing them up is the other, and I, especially if I would run a brokerage, would not post things about another broker that I canīt really backup and just assume. Not yet has he proven that Armada/LMAX b-books, he just said they are without any evidence provided. And even though I canīt prove that Armada is NOT b-booking (and I never stated they are not, Iīve just posted the reply I got from them and told so exactly that this is just the answer from Armada and no proof was provided as well from their side), Armada also did not come here and did state anything without proving it, which Kevin actually did. Surely he can post anything he wants, but just posting "LMAX b-books all trades" without ANY evidence for that from his side, is just plain unprofessional and a bolt statement that leads to reactions that one must accept if he canīt prove his words.
Title: Re: FXPig
Post by: Tradenow on September 16, 2012, 10:07:17 PM
well said.
this whole fxpig kevin thing is realy suspect imho.
let him go... :-*
Title: Re: FXPig
Post by: VladimirM on September 19, 2012, 06:39:23 PM
On Friday the 14 th, I could not close the deal on EURUSD 2, for 45 seconds, and of course a lot of lost at this point, and since it was on the pitch Fhpig that is so praised here, I reported on the claim. A few hours later I received a reply from Kevin, that my letter will be reviewed and within 24 hours I will get a solution.
 ... 144 hours have passed, and the answer I have not got. Twice I tried to get in contact with Kevin, but did not get any more answers from him, not from support.
Title: Re: FXPig
Post by: fx.mstr on September 21, 2012, 04:59:16 PM
That's interesting. Vendors are disappearing these days.  ::)  Megadroid vendors are also not responding to any e-mail.

But back to FxPig. Does anyone have experience comparing their demo and live datafeed?

The reason why I ask this is that I run one of my EAs on their demo account, as I'm planning to open a live account and use this EA (and few more) there. But this EA requires good datafeed, and comparing this demo account with my Pepperstone live account, where the EA is running live at this moment, the FxPig demo account has a significant loss what, fortunately, I don't have on the live Pepper account. The EA trades differently, and not in the good way.

When I ran this EA on a FinFx live account and on a Pepperstone demo account the trades were more or less identical.
Title: Re: FXPig
Post by: Whaley on September 21, 2012, 06:41:28 PM
On Friday the 14 th, I could not close the deal on EURUSD 2, for 45 seconds, and of course a lot of lost at this point, and since it was on the pitch Fhpig that is so praised here, I reported on the claim. A few hours later I received a reply from Kevin, that my letter will be reviewed and within 24 hours I will get a solution.
 ... 144 hours have passed, and the answer I have not got. Twice I tried to get in contact with Kevin, but did not get any more answers from him, not from support.

Can you post the trade here? To be honest it's a bit hard to believe that they haven't replied in 144 hours!?
Title: Re: FXPig
Post by: VladimirM on September 24, 2012, 12:48:28 PM
You need to believe more people.
 I will not stir the bidding because today I received compensation from FxPig, 2 weeks later it was long.
 But I will post an excerpt of Kevin letters, in which he tries to explain why I did not get an answer.
In any case, the question remains, why only Kevin could respond to the problem?
Quote
Again my apologies for an apparent communications issue, as I was traveling it is possible that my messages were no SMTP'ed to our ticketing system.

Cheers,
 
----
 Kevin Murcko
 Managing Director
 Premier Interchange Gateway
Title: Re: FXPig
Post by: 3827 on September 24, 2012, 01:42:44 PM
Sharing a latest post from FXPIG:

http://blog.fxpig.com/?p=218
Title: Re: FXPig
Post by: crashev on September 24, 2012, 02:52:43 PM
Sharing a latest post from FXPIG:

http://blog.fxpig.com/?p=218

Good they closed the door to DOOR. They should have done that 2 months ago.
Title: Re: FXPig
Post by: Sidekickeh on September 26, 2012, 05:26:40 PM
I don't care if Armada sees me writing this. And I am not a big fan of Kevin lol. Me and him have clashed on a few occasions. I do not like him soliciting biz here on the forums, so i dont like giving him kudos for anything. But he is absolutely right about Armada. You wont see proof of is. You wont see proof it isnt. And it's not illegal. It just requires more cash from the brokerage to run it legally for their capital adequacy requirements. In fact it is actually EASIER for a broker to run a b-book in mt4 than ECN it. Look at Alpari? Why do you think they changed everything to b-book. Iti s very difficult for many retail brokers to STP their MT4 and be long-term profitable. This is not necessarily a bad thing. And it is happening more and more. MIG Bank, Swiss Quote, among others who run a huge b-book, but are believed to be pure stp/ecn. In the end, as geek-trader mentioned, who cares, as long as you are profitable. Being that 99% of you here are most likely classified as "retail traders", most of you would fair better on an b-book feed. If you are an institution, moving yards per day, that is a different story, and you have a whole other set of issues to contend with. It can be "dressed up" very nicely, or complicated to make retail traders feel like they are trading in the "real market", which the vast majority of people do not need to do.

As an analogy, it would be the same as a drug addict using blow. He feels he needs to go to a certain "dealer" because his stuff is apparently "pure". While it may be slightly better than other suppliers (aka retail brokers), it is only as pure as the supplier supplying it, and that is only as pure as his supplier supplying to him, and so on and so forth up the chain. The reality is the end product is likely only 30% pure. But the user (aka client) believes they are getting a pure product. In the end, if the client is happy, and getting results, it doesn't matter how its dressed up or presented, or what white lies are told to him about the product ;-)

fyi.. i dont advocate the use of drugs lol.
Title: Re: FXPig
Post by: 2cb3d on September 26, 2012, 05:49:28 PM
Sharing a latest post from FXPIG:

http://blog.fxpig.com/?p=218

Good they closed the door to DOOR. They should have done that 2 months ago.
Why would you say that? The results are excellent besides the Bad results in Dec - Jan - Feb = http://www.myfxbook.com/members/Mick888/door-r2/224886 ( Open History )  - The losses were even greater on their test account - http://www.myfxbook.com/members/FXPIG/door-2011-live-test/294803

New account started(march 2012) up right after this Down period - http://www.myfxbook.com/members/FXPIG/door-ecn/275774

Its an impressive system to achieve these results during the slowest two hours of trading. 
Title: Re: FXPig
Post by: Zuttasoxx on September 26, 2012, 06:03:12 PM
I don't care if Armada sees me writing this. And I am not a big fan of Kevin lol. Me and him have clashed on a few occasions. I do not like him soliciting biz here on the forums, so i dont like giving him kudos for anything. But he is absolutely right about Armada. You wont see proof of is. You wont see proof it isnt. And it's not illegal. It just requires more cash from the brokerage to run it legally for their capital adequacy requirements. In fact it is actually EASIER for a broker to run a b-book in mt4 than ECN it. Look at Alpari? Why do you think they changed everything to b-book. Iti s very difficult for many retail brokers to STP their MT4 and be long-term profitable. This is not necessarily a bad thing. And it is happening more and more. MIG Bank, Swiss Quote, among others who run a huge b-book, but are believed to be pure stp/ecn. In the end, as geek-trader mentioned, who cares, as long as you are profitable. Being that 99% of you here are most likely classified as "retail traders", most of you would fair better on an b-book feed. If you are an institution, moving yards per day, that is a different story, and you have a whole other set of issues to contend with. It can be "dressed up" very nicely, or complicated to make retail traders feel like they are trading in the "real market", which the vast majority of people do not need to do.

As an analogy, it would be the same as a drug addict using blow. He feels he needs to go to a certain "dealer" because his stuff is apparently "pure". While it may be slightly better than other suppliers (aka retail brokers), it is only as pure as the supplier supplying it, and that is only as pure as his supplier supplying to him, and so on and so forth up the chain. The reality is the end product is likely only 30% pure. But the user (aka client) believes they are getting a pure product. In the end, if the client is happy, and getting results, it doesn't matter how its dressed up or presented, or what white lies are told to him about the product ;-)

fyi.. i dont advocate the use of drugs lol.

Just seen breaking bad? ^^
Title: Re: FXPig
Post by: crashev on September 26, 2012, 06:10:55 PM
Sharing a latest post from FXPIG:

http://blog.fxpig.com/?p=218

Good they closed the door to DOOR. They should have done that 2 months ago.
Why would you say that? The results are excellent besides the Bad results in Dec - Jan - Feb = http://www.myfxbook.com/members/Mick888/door-r2/224886 ( Open History )  - The losses were even greater on their test account - http://www.myfxbook.com/members/FXPIG/door-2011-live-test/294803

New account started(march 2012) up right after this Down period - http://www.myfxbook.com/members/FXPIG/door-ecn/275774

Its an impressive system to achieve these results during the slowest two hours of trading.

Of course it is a great system. However I have a feeling the pips it gained have better gain in $$$ when the capital was much lower. Since people started depositing and it went from 300k USD to 700k USD problems started with liquidity and with the profits for the current users. That is also the reason why they closed the door.
Title: Re: FXPig
Post by: kaltrax on September 26, 2012, 06:54:08 PM
Being a DOOR investor i was make questions about last post at his blog, support told me this is a re-evaluation period not about market or liquidity situation, it's about how behave his system launching 100 lot orders whithout affecting actual investors.

And also making improvements to make possible new investors soon, about 2-3 weeks.

Title: Re: FXPig
Post by: flatour on September 27, 2012, 04:49:01 AM
Hello,
I used a little bit Fxpig for a few months (and I just withdrawn for personal reasons), and I was very happy with it. Very good spread and very good and quick support. Very efficient, a true partner.
Title: Re: FXPig
Post by: alisonr on October 02, 2012, 03:25:40 AM
Hello,
I used a little bit Fxpig for a few months (and I just withdrawn for personal reasons), and I was very happy with it. Very good spread and very good and quick support. Very efficient, a true partner.

+1
Title: Re: FXPig
Post by: Scalptastic on October 08, 2012, 12:13:58 AM
are the FXPig demo feed same as Live feed?

sometimes I see the spread on EURUSD as 0.2 ~ 0.3 while in the website (fxpig.com) 0.8 pips

Title: Re: FXPig
Post by: alisonr on October 08, 2012, 01:02:46 AM
are the FXPig demo feed same as Live feed?

sometimes I see the spread on EURUSD as 0.2 ~ 0.3 while in the website (fxpig.com) 0.8 pips

They have DMA and ECN feeds, in the website seems to be the DMA feed
Title: Re: FXPig
Post by: ahelix on October 08, 2012, 02:55:03 AM
are the FXPig demo feed same as Live feed?

sometimes I see the spread on EURUSD as 0.2 ~ 0.3 while in the website (fxpig.com) 0.8 pips

Here is the explaination
http://www.fxpig.com/index-page=trading_conditions.aspx.html
Title: Re: FXPig
Post by: Scalptastic on October 09, 2012, 02:21:16 AM
That's interesting. Vendors are disappearing these days.  ::)  Megadroid vendors are also not responding to any e-mail.

But back to FxPig. Does anyone have experience comparing their demo and live datafeed?

The reason why I ask this is that I run one of my EAs on their demo account, as I'm planning to open a live account and use this EA (and few more) there. But this EA requires good datafeed, and comparing this demo account with my Pepperstone live account, where the EA is running live at this moment, the FxPig demo account has a significant loss what, fortunately, I don't have on the live Pepper account. The EA trades differently, and not in the good way.

When I ran this EA on a FinFx live account and on a Pepperstone demo account the trades were more or less identical.

i have the same experience. Being demoing FXPig next to IC Markets; and run the same tick scalping EA; and the profit on IC Markets is double that of FXPig. Even the average spread is lower on IC Markets.

Another weird thing is the clock on FXPig is off by 2 hours. I hate when MT4 servers uses weird timezones

Title: Re: FXPig
Post by: Scalptastic on October 09, 2012, 02:23:59 AM
I don't have results of similar EA run on both broker at the same time. I use to run NO on FXOpen before moving to FXPig. I only see the similarity when I setup NO on FXPig. Attached are snapshot of MT4 on both brokers, see the available server. Also look at the similar ip address when I connect both to Epsilon.

Just as I post my doubt here hoping Kevin can explain, someone running Thor (atomico) mentioned about 30 seconds delay on FXOpen and FXPig. What a coincidence.

I was trialling FXOpen MT4 demo today; and could not create a demo account; perhaps the demo server was busy.

then I remembered the white labeling thingy mentioned by Yung; and guess what; i managed to log in to FXOpen demo MT4 using username/password from FXPig demo account. I can see all the trades that I have done on FXPig demo acc.

Kevin indicated they share technology with FXOpen; but i dont understand how could the accounts be shared. weird.



Title: Re: FXPig
Post by: Scalptastic on October 09, 2012, 02:29:17 AM
I don't care if Armada sees me writing this. And I am not a big fan of Kevin lol. Me and him have clashed on a few occasions. I do not like him soliciting biz here on the forums, so i dont like giving him kudos for anything. But he is absolutely right about Armada. You wont see proof of is. You wont see proof it isnt. And it's not illegal. It just requires more cash from the brokerage to run it legally for their capital adequacy requirements. In fact it is actually EASIER for a broker to run a b-book in mt4 than ECN it. Look at Alpari? Why do you think they changed everything to b-book. Iti s very difficult for many retail brokers to STP their MT4 and be long-term profitable. This is not necessarily a bad thing. And it is happening more and more. MIG Bank, Swiss Quote, among others who run a huge b-book, but are believed to be pure stp/ecn. In the end, as geek-trader mentioned, who cares, as long as you are profitable. Being that 99% of you here are most likely classified as "retail traders", most of you would fair better on an b-book feed. If you are an institution, moving yards per day, that is a different story, and you have a whole other set of issues to contend with. It can be "dressed up" very nicely, or complicated to make retail traders feel like they are trading in the "real market", which the vast majority of people do not need to do.

As an analogy, it would be the same as a drug addict using blow. He feels he needs to go to a certain "dealer" because his stuff is apparently "pure". While it may be slightly better than other suppliers (aka retail brokers), it is only as pure as the supplier supplying it, and that is only as pure as his supplier supplying to him, and so on and so forth up the chain. The reality is the end product is likely only 30% pure. But the user (aka client) believes they are getting a pure product. In the end, if the client is happy, and getting results, it doesn't matter how its dressed up or presented, or what white lies are told to him about the product ;-)

fyi.. i dont advocate the use of drugs lol.

B-booking trades while pretending to be an ECN; means the broker pockets all the commissions to themselves. of course on the other side they also profit from your losses.
Title: Re: FXPig
Post by: GoldenBoy on October 10, 2012, 05:27:29 AM
I was trialling FXOpen MT4 demo today; and could not create a demo account; perhaps the demo server was busy.
then I remembered the white labeling thingy mentioned by Yung; and guess what; i managed to log in to FXOpen demo MT4 using username/password from FXPig demo account. I can see all the trades that I have done on FXPig demo acc.
Kevin indicated they share technology with FXOpen; but i dont understand how could the accounts be shared. weird.

FXPig appears to be a white label of FXOpen. The platform is the same and so are the prices and the execution.
Title: Re: FXPig
Post by: GoldenBoy on October 10, 2012, 05:38:25 AM
B-booking trades while pretending to be an ECN; means the broker pockets all the commissions to themselves. of course on the other side they also profit from your losses.

Almost all brokers B-book and most will never tell you because they are not honest about it. Someone opening a new account will almost certainly be b-booked until he makes profits on a regular basis and is then A-booked. Try a new account, place trades during news, the first two trades will get a good price, after that you'll be lucky to be filled anywhere other than close to end of spike. Even at supposed ECN's. What does that tell you? That you have been transferred from B-book to A-Book as the broker no longer wants to be on the other side of your trade.
Title: Re: FXPig
Post by: ultracat on October 19, 2012, 02:08:12 PM
Big drop in the DOOR account  :(
Title: Re: FXPig
Post by: odysseus11 on October 19, 2012, 02:42:46 PM
GoldenBoy, well said, you are EXACTLY right and I have been saying this for MONTHS and MONTHS.
These brokers who CLAIM to be ECN only CANT send .01 size trades to LP's, they DONT TAKE THEM (for the most part), so if your supposed "ECN" broker does .01 lots, GUESS WHAT? THEY ARE AGGREGATING IN HOUSE.

Nothing wrong with this, it just is what it is. Doesnt mean the broker has nefarious intent or is untrustworthy. Just as GoldenBoy said, they will B-Book you (and you news trading and tick scalper EAs will work great, with amazing execution times) until you have steady profits, at which point, your flow will be considered "toxic" even though it isnt really toxic, they will still make the commission off you, they just wont make any MORE than that, and they will then send your flow to market (like they supposedly were already doing), and you will see actual market execution at that point (at which point your news trading will slip lie crazy, and your tick scalpers will not work well at all).

People, none of this is mystical or rocket science, and it all makes perfect sense if you think it thru. I for one have been a happy FXPig customer for a while, and really appreciate Kevin shining the light for us on the inner brokerage workings. I'm telling you all, he speaks the truth. I have friends in the business who corroborate what he says (albeit reluctantly). Again, this doesnt make brokers evil or bad, it is just how the business operates and we as retail traders just need to know these things to navigate the waters. I have many accounts with other brokers of all types, and FXPig is consistently my favorite, just because in my view they are upfront with me on how things work, they dont have the lowest commissions, they dont give the most leverage, they dont allow smaller than .1 lot sizes, they arent really regulated, and yet I trust them the most just because of how upfront Kevin has been, and his support has been stellar.

B-booking trades while pretending to be an ECN; means the broker pockets all the commissions to themselves. of course on the other side they also profit from your losses.

Almost all brokers B-book and most will never tell you because they are not honest about it. Someone opening a new account will almost certainly be b-booked until he makes profits on a regular basis and is then A-booked. Try a new account, place trades during news, the first two trades will get a good price, after that you'll be lucky to be filled anywhere other than close to end of spike. Even at supposed ECN's. What does that tell you? That you have been transferred from B-book to A-Book as the broker no longer wants to be on the other side of your trade.
Title: Re: FXPig
Post by: Ammeo on October 30, 2012, 06:07:34 PM
Couldnt they have thought any other animal instead of Pig..xD
Title: Re: FXPig
Post by: Scalptastic on November 04, 2012, 05:47:56 PM
Couldnt they have thought any other animal instead of Pig..xD

lol; i prefer cow; FXCow; makes more sense; as in milking the cow; or the cow milking retail traders. either way it is better than a pig.
Title: Re: FXPig
Post by: kaltrax on November 04, 2012, 05:58:26 PM

 Well... joke apart, you know that's an achronymous "Premier Interchange Gateway Company.  ;D
 
 
Title: Re: FXPig
Post by: odysseus11 on November 09, 2012, 04:44:46 AM
anyone else with an FXpig live account having a problem last day or so with myfxbook connecting? I havent been able to connect for 12 hours now, even trying to manually force a connect doesnt work.
Title: Re: FXPig
Post by: Chippy on November 11, 2012, 02:34:46 PM
How is the account opening procedure please? FXPig sounds OK to me
Title: Re: FXPig
Post by: forexfish on November 11, 2012, 02:43:47 PM
anyone else with an FXpig live account having a problem last day or so with myfxbook connecting? I havent been able to connect for 12 hours now, even trying to manually force a connect doesnt work.

Is your problem has been solved lately ?   12 hours no connectivity is too much, caution is required for more similar issue occurs.
Title: Re: FXPig
Post by: Gekko on November 11, 2012, 09:21:47 PM
I think the myfbook not connecting is prob more to do with mt4 than fpig, i had a myfbook page with them for months and had no problems. I now have a myfbook link with Armarda, which i had problems with, then i upgraded and wiped my vps, and its been fine ever since!

No problems with FXpig, GREAT customer service!!
Title: Re: FXPig
Post by: Chippy on November 12, 2012, 10:18:57 AM
I will go ahead and open an account, pls can you comment on opening procedure, is it fairly painless? Thank you  ;)

No problems with FXpig, GREAT customer service!!
Title: Re: FXPig
Post by: Gekko on November 12, 2012, 12:14:53 PM
to be honest, when i open my accounts it as a pain. But thet have changed thier system and it should be fine, like i said the customer service is good, so any probs they will sort it :)
Title: Re: FXPig
Post by: Chippy on November 12, 2012, 12:39:51 PM
thanks Gekko I sent you a PM + Rep  ;)

to be honest, when i open my accounts it as a pain. But thet have changed thier system and it should be fine, like i said the customer service is good, so any probs they will sort it :)
Title: Re: FXPig
Post by: jprize on December 09, 2012, 01:49:57 AM

If loosing investors money equates to a scam then just about every high profile investment manager from Buffet to Paulson and down the line are guilty of the same 'crime'.

Investment carries risk, sometimes, actually MOST of the time, losses are incurred. There is nothing sinister or criminal about losses in leveraged trading, it is a reality.

On to the regulation comment; NZ is a stepping stone for us. As a small boutique outfit we didn't have the capital necessary to acquire a license from the EU or UK starting out. Our internal compliance is already on par with MiFD standards the ONLY difference is we don't hold the minimum capital requirements as needed under EU legislation. Being 100% STP and the fact we do not hold client funds really does set us apart from the standard regulation categories anyway. However we have made the initial step to regulate ourselves in the EU, which via the MiFD rules will eventually passport us into the UK.

Regulation is not difficult, it is not expensive, the ONLY thing that separates an honest regulated broker in the EU, USA, UK from an honest broker who is domiciled elsewhere is minimum capital requirements. Regulation is not a clean bill of health for any company, look at MF-Global, the latest is an ever growing number of 'regulated' companies that continually allowed unethical and illegal operations to occur under it's watch.

Very true that losing investor's money is not a crime, However, continuing to piss away investors money and refusing to return it when ordered to do so probably is. If not a crime, it is certainly a practice of low-life scum. You lost half of my money, and then refused to return the remaining cash. Instead you entered new overleveraged trades, until nearly all was gone, and then only stopped when forced by Oanda to do so.
Title: Re: FXPig
Post by: 999cjb on December 09, 2012, 08:15:29 AM
anyone else with an FXpig live account having a problem last day or so with myfxbook connecting? I havent been able to connect for 12 hours now, even trying to manually force a connect doesnt work.

Is your problem has been solved lately ?   12 hours no connectivity is too much, caution is required for more similar issue occurs.

I have had the same problem with myfxbook accounts due to the broker changing the name of the server they are running on.

With one particularly persistent "no connect", I eventually resorted to downloading and running the myfxbook EA. This fixed it.
Title: Re: FXPig
Post by: Dr ea on December 09, 2012, 12:52:29 PM
How is the FXPig DOOR managed account?
Title: Re: FXPig
Post by: kaltrax on December 09, 2012, 01:29:19 PM
How is the FXPig DOOR managed account?

Hello

D.O.O.R. (Daily Optimized Open Range) - Automated trading utilizing a system of proprietary bots designed by and managed in-house that pinpoint 'mini' reversals inside the daily open range from the previous trading day using a toolbox of robust indicators.


Min investment: 5000$

Actually don't accept new investors, recently Kevin has comment that January will be open to accept more investors.
Title: Re: FXPig
Post by: Dr ea on December 09, 2012, 02:24:07 PM
How would the DOOR charge?

Would it sustain in the long run?
Title: Re: FXPig
Post by: kaltrax on December 09, 2012, 08:19:02 PM
How would the DOOR charge?

Would it sustain in the long run?

Better contact whith Kevin

kevin.murcko@fxpig.com or via skype at fxpig.kevin
 
Title: Re: FXPig
Post by: Dr ea on December 10, 2012, 06:21:20 AM
How would the DOOR charge?

Would it sustain in the long run?

Better contact whith Kevin

kevin.murcko@fxpig.com or via skype at fxpig.kevin


Thanks!!

But I just found that there is commission and success fees charges which I do not find it worth trying.
Title: Re: FXPig
Post by: crashev on December 10, 2012, 11:00:30 AM
How would the DOOR charge?

Would it sustain in the long run?

Better contact whith Kevin

kevin.murcko@fxpig.com or via skype at fxpig.kevin


Thanks!!

But I just found that there is commission and success fees charges which I do not find it worth trying.

Yes commission is like +1$ bigger than normal ecn commission and the success fee is 30%.
Title: Re: FXPig
Post by: primi on April 03, 2013, 11:24:08 AM
Anybody else having problems with EU feed? Other pairs are moving, EU is stuck.

EDIT: Moved now.
Title: Re: FXPig
Post by: odysseus11 on April 03, 2013, 11:38:32 AM
mine is working fine
Title: Re: FXPig
Post by: Scalptastic on April 03, 2013, 11:53:02 AM
the pig is oing oing

honestly i still can't work out a professional broker that call himself a pig..:)

picture this scenario; if you end up in a litigation with the broker; the judge will be laughing at you all day
Title: Re: FXPig
Post by: Gekko on April 03, 2013, 12:55:34 PM
FXPIG, a Premier Interchange Gateway Company
Title: Re: FXPig
Post by: primi on April 12, 2013, 11:42:59 AM
When eurusd went down earlier I lost my feed a couple of times. Connection was fine the whole time, other pairs must have been OK as well because I could see the clock ticking so the ticks were arriving. EURUSD was freezing constantly though. Made me close my position early for that reason.

Fxpig is on the left side obviously in the pictures.
Title: Re: FXPig
Post by: VegaMax on April 23, 2013, 05:42:16 AM
Primi,
I checked my record.
On Apr 3rd.  ERUSD price feed was definitely frozon sometime.
Example:
Server Time: 13:11:05 - 13:18:23  mising tick for EU.
Server Time: 13:18:30 - 13:24:40  mising tick for EU.

Was it possible to close your EURUSD position during the freeze of EU feed?
Title: Re: FXPig
Post by: primi on April 23, 2013, 07:21:51 AM
Was it possible to close your EURUSD position during the freeze of EU feed?
Not during the freeze, no.

They said:
"This situation can happen for various reason, but most of the time, this is when an LPs has issue on his side and is sending irrelevant quotes.
The system block it and it can take a bit of time to track the issue and exclude the faulty LP till it comes back to normal status.
Moreover if an LPs is causing issue to often then he can be banned for the feed till he has solved his issues. "
Title: Re: FXPig
Post by: VegaMax on April 23, 2013, 07:50:36 AM
Thanks primi,
I'll ware of that. :)
Title: Re: FXPig
Post by: primi on April 25, 2013, 09:16:52 PM
I don't know what they are up to recently but FXPIG is now utter crap. These feed freezes are getting more serious every day and I'm not inclined to trade in such an environment.
Title: Re: FXPig
Post by: primi on April 25, 2013, 09:36:37 PM
I don't know what they are up to recently but FXPIG is now utter crap. These feed freezes are getting more serious every day and I'm not inclined to trade in such an environment.
Looks even better if presented this way.
Title: Re: FXPig
Post by: user456 on April 25, 2013, 09:50:58 PM
looks a lot like the fxopen feed. 
Title: Re: FXPig
Post by: primi on April 25, 2013, 09:54:56 PM
That's because it IS fxopen. Ticket enumeration matches exactly.
Title: Re: FXPig
Post by: user456 on April 25, 2013, 09:59:35 PM
yepp ... Kevin from fxpig always stated they only share "technology" and fxpig has its own liquidity providers. Sure  ::) ... that's why even the spread matches at all times.
Title: Re: FXPig
Post by: ianj on April 26, 2013, 04:26:14 PM
Have spoken to FxOpen FxPig and they stated they were having comms problems to the LP because of underlying fibre problems on the links from their internet Service providers. They discussed a possible relocation to the Equinix POP in the coming weeks but meanwhile their SP has instigated some re-routing to avoid the problem routes

They admitted the problem and have some temporary resolution in place - that is good at least

I will be monitoring - i have it (and fxOpen) alongside 8-9 other live brokers and if its feed stalls for more than about 10 seconds it highlights it - ill soon be logging feed problems long term so will get comprehensive coverage for most of the time
Title: Re: FXPig
Post by: ianj on April 26, 2013, 05:10:23 PM
I will be monitoring - i have it (and fxOpen) alongside 8-9 other live brokers and if its feed stalls for more than about 10 seconds it highlights it - ill soon be logging feed problems long term so will get comprehensive coverage for most of the time

First "ping" of the day(since i setup monitoring - they had problems earlier today of course) - dropped for a few mins, came back up and dropped a few seconds later - still down

Note fxo (FxOpen) and pig (FxPig) - the counts are the number of 10th second since the feed updated - about 90 seconds in this case - notice all the other feeds are no more than 4 seconds old and pig/fxo are grey - the servers are down
(https://donnaforex.com/proxy.php?request=http%3A%2F%2F130426-1605-fxo_pig_1.png&hash=7ba2f16a3595d4088297599fbbe3dbdf)

PS They came backup about 4 mins later and are currently running fine - so it might be a "mere" restart of the server rather than prolonged feed problems
Title: Re: FXPig
Post by: cyberryder on April 26, 2013, 06:09:33 PM
i have it (and fxOpen) alongside 8-9 other live brokers and if its feed stalls for more than about 10 seconds it highlights it - ill soon be logging feed problems long term so will get comprehensive coverage for most of the time
would be interested to know what software you use for this kind of monitoring. Looks very helpful. Thanks  :)
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 27, 2013, 12:19:01 AM
yepp ... Kevin from fxpig always stated they only share "technology" and fxpig has its own liquidity providers. Sure  ::) ... that's why even the spread matches at all times.

Of coarse the spread matches nearly 100% of the time? Why? Because this is an ECN, so nearly 100% of the time the top of book pricing, the pricing you see on your terminals, comes from matched orders inside the ECN. Essentially a pending order placed in the ECN book by another market participant (ie a client). So if that matching order comes from an FXO client or an FXPIG client it will show up on both platforms. That is how an ECN works.

Now, there are times the spread does differ, albeit for only a tick or two, and that is because some other LP outside of the FXO LP list is pricing aggressively which actually beats and standing order in the book.

As far as the feed freezes recently, here is the official break down of the problems that our hosts network experienced which were the direct cause of these issues:

Event ID: 6744483
Event Start: Thursday 25-Apr-2013 18:49 UTC

=================================================================

Event Details:

At 25-Apr-2013 18:49 UTC our Network Operations Center was alerted that several provider links in the WDC market reported down. Some customers may experience higher than expected latency and/or minor packet loss as a result. We have engaged our provider and they are working on the issue. We have been advised that this issue is externally with multiple third party transport providers. Network Engineers are working on shifting traffic to mitigate the issue and at 25-Apr-2013 19:08 UTC have brought the WDC to CHI link back online.  At 25-Apr-2013 21:34 UTC  we were advised that the issue is a fiber cut located near Drainsville, VA and that a fiber splice crew is enroute.  At 25-Apr-2013 22:28 UTC fiber splice crew has arrived at the trouble location.

As of 26-Apr-2013 02:14 UTC the splicing continues in the field and alarms continue to clear; however, the ETA for total restoration is still not available at this time.  We will update you as more information becomes available.

At 26-Apr-2013 00:27 UTC, the SoftLayer backbone links on the WDC <-> NYC and WDC <-> Amsterdam path came back online, and traffic was shifted back over to them in order to restore normal customer connectivity. While we could not call the event resolved at this time since the fiber field crew were still working to make repairs, customer impact should have been mitigated.

Work continued throughout the night and the fiber crew finally gave the "all clear" at 26-Apr-2013 10:53 UTC and signaled that all repairs were complete.

==================================================================

So yes there were freezes and we did not will not hide them and as always we try to be as transparent as possible.

We have moved to a private network now instead of the public network we were on, the switch was done several hours ago, as this dedicated private line was not effected by these ISP backbone issues.

In all actuality the issue was that multiple ISPs went offline and connectivity between DCs was severely restricted. In light of that the recovery time was very fast.

We have only seen 3 or 4 trades from a small group of account holders that missed a TP or SL due to the freezes as most were executed correctly once the pricing engine came back online. Any missed or incorrectly executed trades caused by these freezes have been or will be corrected and compensated.

The Equinix move will happen in stages, stage one will be a dual move with soft fx, the tech provider used by both FXO and FXPIG, then once stabilized we will be moving to our own server cluster which has been setup and cross connected to all our LPs and service providers already.

My apologies for not seeing and responding to this post earlier, but I have not been online here at DFX for quite some time. In the future if you have questions or comments please direct them to our help desk. This is for clients and anyone else you wishes to get a straight answer to your questions.

Cheers,
Title: Re: FXPig
Post by: ianj on April 29, 2013, 11:15:15 AM
i have it (and fxOpen) alongside 8-9 other live brokers and if its feed stalls for more than about 10 seconds it highlights it - ill soon be logging feed problems long term so will get comprehensive coverage for most of the time
would be interested to know what software you use for this kind of monitoring. Looks very helpful. Thanks  :)

Errm ! Its my own - I have a custom EA in  MT4 instances located on a VPS and they all connect to my local GUI - It allows me to manually trade manually across all the MT4 instances concurrently and administer all positions quickly and safely

There are commercial offering that can do similar stuff but i wanted access to LMAX API and other institutional accounts at the same time so i wrote my own - Ill be adding a latency monitor some time soon - very much like the EA's you can get but i want to centralise the presentation and logging

I also use it to control EA's have written myself (indirectly via global variables in each Mt4 instance) so i can suspend EA operations, say around news time and/or change risk globally

If i ever decide to open it up a will let you know
Title: Re: FXPig
Post by: cyberryder on May 19, 2013, 04:19:01 PM
I guess there is truly no reason to respond here.

Given the extreme childish nature of this forum as of late I will be removing myself completely from DFX.

I can and will still will help anyone looking for advice or has questions via email skype of phone.

Believe what you want....and NEVER take what is written by ANYONE as fact until you yourself actual research it.

Cheers,
Welcome back Kevin.
The forum is sometimes for sure a bit crazy and can be very emotional. I also had to pause from this forum for some months, because some people drove me crazy with their greed and zero sharing. I would say the most important thing to learn here is to accept the situation as is, ignore some people and get out of discussions at the right time and simply don't respond anymore. Well.. for me it's for sure more easy than for you. You have a business at stake being discussed.
Title: Re: FXPig
Post by: peeper on May 30, 2013, 01:53:22 PM
Is anyone still using their DOOR ECN here?
It doubled since I got out, and was going nowhere when I was in, while people talked about it being overfunded.
It pisses me off to some extent, but for some reason I am paranoid that they might mess up with the records, thus need to verify with other people.
The customer service was so bad that I ended up paranoid with them, thinking of fxpig as a three kids playground to suck people's money in.
Title: Re: FXPig
Post by: bismillahwd on May 30, 2013, 02:29:36 PM
Thansk God you asking this question, im about to chime in to door ecn. But seems its no one outhere that give review from user.


I really considering it since the traders is also the broker. Just like your curiousity since the broker could mess with the history as the like

At what period did you join the door ecn?




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Title: Re: FXPig
Post by: Zuttasoxx on May 30, 2013, 02:39:30 PM
From a friend posting his personal mam daily reports.. It seems the performance is real.
Title: Re: FXPig
Post by: JJ-FX on May 30, 2013, 07:06:50 PM
I'm still in. So far my results match those they show on myfxbook.
Title: Re: FXPig
Post by: bismillahwd on May 30, 2013, 07:21:04 PM
I'm still in. So far my results match those they show on myfxbook.
I heard kevin had close to accept new client? Isnt it true?
S the minimum was 5000 usd right?




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Title: Re: FXPig
Post by: JJ-FX on May 30, 2013, 09:02:12 PM
I'm still in. So far my results match those they show on myfxbook.
I heard kevin had close to accept new client? Isnt it true?
S the minimum was 5000 usd right?

They started with a minimum investment of 2k and increased it to 5k a few weeks before they stopped accepting new customers. As far as I know the still don't accept new clients.
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 31, 2013, 05:04:04 AM
Peeper...

Our customer service was 'so bad', honestly this is the first time I have seen a complaint about our level of customer service.

As far as the DOOR, the performance is real. The real issue here is that most retail clients don't see the big picture and don't have a long term view, so when we hit a slow growth or draw down period they jump ship. Most investment funds show quarterly results, now you know why, as the average investor can't take seeing daily, weekly, or monthly stats as they either become discouraged or overly confident.

As posted previously the DOOR ECN is closed to new deposits, and it has been for months. Why? Liquidity. This is another topic the vast majority of people are quite unfamiliar with. While the FX market may turn near 5 trillion a day in volume, the average per tick top of book volume, especially in Asia and pre-Asia is very small. This makes it very difficult to grow this specific account much higher than where it sits now.

Cheers,
Title: Re: FXPig
Post by: bismillahwd on May 31, 2013, 07:36:13 AM
Peeper...

Our customer service was 'so bad', honestly this is the first time I have seen a complaint about our level of customer service.

As far as the DOOR, the performance is real. The real issue here is that most retail clients don't see the big picture and don't have a long term view, so when we hit a slow growth or draw down period they jump ship. Most investment funds show quarterly results, now you know why, as the average investor can't take seeing daily, weekly, or monthly stats as they either become discouraged or overly confident.

As posted previously the DOOR ECN is closed to new deposits, and it has been for months. Why? Liquidity. This is another topic the vast majority of people are quite unfamiliar with. While the FX market may turn near 5 trillion a day in volume, the average per tick top of book volume, especially in Asia and pre-Asia is very small. This makes it very difficult to grow this specific account much higher than where it sits now.

Cheers,

Yes, thats right, mid - end 2012 quite bad period for asian scalping. But 2013 lot of it show astonishing performance.
Kevin, did you plan for another account differ from the curent DOOR ECN ? Still eating lot of FXPig liquidity even tough running on other account?
Might be you willing to open new for client in the near future? Please let us know

Regards
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 31, 2013, 09:15:00 AM

We did open up the DOOR recently on our DMA feed, but wile it has done much better than when we originally tested the all bank feed, it still cannot yet duplicate the ECN's profitability.

Our overall liquidity is quite robust, but that first hour of the day when only Australia and NZ markets are officially open they liquidity market wide is very thin. Overall only something like 0.06% of the markets daily volume is processed in that hour. When you break that down tick by tick you will see why we have not been able to significantly increase the size of the fund.

That being said we never stop working on improving the feed and we have allowed it to grow naturally from the previous 800k cap we imposed and we will continue to do so until we see a degradation in the fill rate and resulting P/L.

The goal is to reopen it...but we are not there yet.

Cheers,
Title: Re: FXPig
Post by: iwillsurvive on June 05, 2013, 06:49:58 AM

We did open up the DOOR recently on our DMA feed, but wile it has done much better than when we originally tested the all bank feed, it still cannot yet duplicate the ECN's profitability.

Our overall liquidity is quite robust, but that first hour of the day when only Australia and NZ markets are officially open they liquidity market wide is very thin. Overall only something like 0.06% of the markets daily volume is processed in that hour. When you break that down tick by tick you will see why we have not been able to significantly increase the size of the fund.

That being said we never stop working on improving the feed and we have allowed it to grow naturally from the previous 800k cap we imposed and we will continue to do so until we see a degradation in the fill rate and resulting P/L.

The goal is to reopen it...but we are not there yet.

Cheers,

Could I get your opinion on why the all bank feed (DMA) cannot replicate the profitability of ECN feed?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 05, 2013, 09:38:04 AM
The quick answer is pricing differences within the feed caused by a significant difference in tick volumes.

Cheers,
Title: Re: FXPig
Post by: sandman55 on June 07, 2013, 12:53:53 AM
A couple of comments re FXPig based on what I have read above:

- Customer support is top notch. And I mean top notch. I get responses to my e-mail in minutes or an hour max, including redemption requests which are met the next day. Personalized e-mails and it seems Kevin actually replies to them.

- Door ECN is doing really well, nice job to those guys, I am gladly paying the performance fee.

Keep up the great work guys - outstanding stuff and hope you are able to continue this way for a long time!

Cheers
Title: Re: FXPig
Post by: odysseus11 on June 07, 2013, 01:02:52 AM
FXPig continues to be my favorite broker.

The few times that I have issues, which you will encounter with ANY retail broker, I get an extremely fast and thorough response and resolution. Absolutely impeccable. And not always but *often* the best executions and spreads too, even during news.
Title: Re: FXPig
Post by: VegaMax on June 10, 2013, 11:51:51 AM
Live server frozen since 13:37:04 server time.
Title: Re: FXPig
Post by: VegaMax on June 10, 2013, 11:59:09 AM
Back online 13:57
Title: Re: FXPig
Post by: Anchorpoint on June 12, 2013, 07:12:41 AM
FXPig is managing BearBulls 2+ million grid PAMM. There are a lot of problems here, currently investors have lost around 60% of their deposits and they cannot get out of it and save what is left because BearBull, the guy running the PAMM is refusing to recognize the seriousness of the situation. This is currently a very big account for FXPig and has generated around 500.000 USD in commissions to date.

There is a thread about this here: http://www.donnaforex.com/forum/index.php?topic=9963.msg268288;topicseen#new (http://www.donnaforex.com/forum/index.php?topic=9963.msg268288;topicseen#new)

People are now desperately looking for solutions to this and many would appreciate if FxPig could take some initiative to steer the situation up, help people rescue their money and at the same time save the reputation of FxPig. Kevin you are welcome to post your thoughts in the above thread.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 12, 2013, 07:56:31 AM
In regards to the 1mPAMM...

We do not manage or have anything to do with the trading of this fund, we are simply the broker.

As always any client is free to contact me directly with any questions they may have, this is and has always been the case.

Cheers,
Title: Re: FXPig
Post by: flatour on June 12, 2013, 09:31:42 AM
Kevin, maybe as a first step Fxpig could be crystal clear transparent and admit BB won big money on volume whereas investors lost huge?
Or a warning about this uncommon and unfair practice in the signup page/LPOA?
As a reminder there is about 500k commission and BB got about half of it.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 12, 2013, 09:40:47 AM
Number one the account is not offered publicly to new clients nor is it advertised to new clients. The only clients currently in the fund came with BB from another broker or from his previous yahoo message board.

The commission rate that is paid is clearly shown on the agreement signed by the client and our standard commission rate is publicly available on our web site.

Everyone who joined this fund knew and agreed to the fee structure.

Cheers,
Title: Re: FXPig
Post by: Tempestshade on June 12, 2013, 09:43:00 AM
And knew about the inherent risks I must add. I realize it is frustrating, but we did all agree.
Title: Re: FXPig
Post by: semaj on June 12, 2013, 10:00:17 AM
As an investor of 1mPamm. I do aware all the risk that it would involve. If I make a loss in this Pamm, I loss my own money and decision. I wouldn't blame on any person. Well, if I can't stand the heat, I wouldn't go into the kitchen. That's it.
Title: Re: FXPig
Post by: Tempestshade on June 12, 2013, 10:01:13 AM
As an investor of 1mPamm. I do aware all the risk that it would involve. If I make a loss in this Pamm, I loss my own money and decision. I wouldn't blame on any person. Well, if I can't stand the heat, I wouldn't go into the kitchen. That's it.

Thank you.
Title: Re: FXPig
Post by: s1quash on June 26, 2013, 02:49:37 PM
Any plan to include ctrader?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 27, 2013, 08:42:11 AM
We have been working with cTrader for months to get both of our feeds integrated and live.

Hopefully we will be able to launch them in the next 30 to 60 days.

Cheers,
Title: Re: FXPig
Post by: viltsu on June 27, 2013, 08:48:33 AM
What are the improvements in cTrader agains Mt4?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 27, 2013, 09:21:43 AM
I guess that would depend on who you ask.

Once we have the demo up feel free to run a comparison.

Cheers,
Title: Re: FXPig
Post by: bismillahwd on July 04, 2013, 07:23:30 PM
Kevin, is your FTS-EGB Fund "range" trading was an grid system?
Im interested on it since it low drawdown, but is it closed drawdown only or relative drawdown?

Title: Re: FXPig
Post by: Kevin @ FXPIG on July 05, 2013, 08:31:39 AM
The FTS Strategy is not martingale, it is not a grid, and it does not impose any type of cost averaging. The system opens two orders of the same size per trade signal. The maximum hard SL has yet to be hit, and the SL also moves with price action.

What you see on FXSTAT is the current actual real max DD.

Cheers,
Title: Re: FXPig
Post by: bismillahwd on July 05, 2013, 10:32:17 AM
The FTS Strategy is not martingale, it is not a grid, and it does not impose any type of cost averaging. The system opens two orders of the same size per trade signal. The maximum hard SL has yet to be hit, and the SL also moves with price action.

What you see on FXSTAT is the current actual real max DD.

Cheers,

Wow, a trend following 24hours scalper?
You meant "hasnt yet to be hit" or those stats low dd already shown hard sl also!

Wheres the information to joint those pamm? Btw is FXPig under ASIC regulation or other?




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Title: Re: FXPig
Post by: Kevin @ FXPIG on July 05, 2013, 11:53:40 AM

I believe my grammer is correct, 'has yet to be hit', meaning it has not been hit yet, thus the very low DD figures.

We are currently based in NZ and we are in the process of obtaining an EU license.

http://fts.fxpig.com (http://fts.fxpig.com) - here you can find all the relevant information and the account opening procedures.
Title: Re: FXPig
Post by: goldenmember on July 05, 2013, 01:18:49 PM
Are you thinking of accepting GBP accounts in the near future?
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 05, 2013, 09:24:00 PM
We already do...

On our ECN feed we have the following account currencies available:

AUD, EUR, GBP, USD, SGD

Cheers,
Title: Re: FXPig
Post by: Cerberus on August 28, 2013, 11:55:47 PM
We have been working with cTrader for months to get both of our feeds integrated and live.

Hopefully we will be able to launch them in the next 30 to 60 days.

Cheers,

Hello Kevin

any progress with ctrader integration?
Thank you for your attention

C
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 29, 2013, 07:14:14 AM

We have faced some delays due to some technical speed bumps with our FIX connections and getting them patched correctly with cTrader including the development of the correct connectors on their side.

Our DMA feed is now connected, but lacks level II pricing, and we are in the process of getting that squared away as well as getting our ECN feed connected.

I can't give an exact timeline but I believe we are close...within a few weeks on the DMA and possibly 1 to 2 months for the ECN.

Cheers,
Title: Re: FXPig
Post by: Cerberus on August 29, 2013, 11:03:48 PM

We have faced some delays due to some technical speed bumps with our FIX connections and getting them patched correctly with cTrader including the development of the correct connectors on their side.

Our DMA feed is now connected, but lacks level II pricing, and we are in the process of getting that squared away as well as getting our ECN feed connected.

I can't give an exact timeline but I believe we are close...within a few weeks on the DMA and possibly 1 to 2 months for the ECN.

Cheers,


Thank you for detailed reply, much appreciated.

C
Title: Re: FXPig
Post by: fx.mstr on October 14, 2013, 07:03:05 PM
My FxPig terminal stopped working. I have 2 open positions by Robin. The market watch shows 19:59:48. I tried to close the open positions manually but it dislpayed "market is closed" and I could not close them.

Has anyone else experienced this issue?
Title: Re: FXPig
Post by: QuickPipsFX on October 14, 2013, 07:20:06 PM
My FxPig terminal stopped working. I have 2 open positions by Robin. The market watch shows 19:59:48. I tried to close the open positions manually but it dislpayed "market is closed" and I could not close them.

Has anyone else experienced this issue?

Not sure if it helps but both my DMA and ECN account are working without any issues.
Title: Re: FXPig
Post by: fx.mstr on October 14, 2013, 07:26:00 PM
My FxPig terminal stopped working. I have 2 open positions by Robin. The market watch shows 19:59:48. I tried to close the open positions manually but it dislpayed "market is closed" and I could not close them.

Has anyone else experienced this issue?

Not sure if it helps but both my DMA and ECN account are working without any issues.

Thank you

It seems mine is working now also. I have sent a message to the support and it started to work shortly after that.
Title: Re: FXPig
Post by: odysseus11 on October 14, 2013, 09:22:05 PM
My FxPig terminal stopped working. I have 2 open positions by Robin. The market watch shows 19:59:48. I tried to close the open positions manually but it dislpayed "market is closed" and I could not close them.

Has anyone else experienced this issue?
I had exactly the same issue.
Skyped Kevin and it came back up, about an hour or so after the freeze before I noticed it.
Title: Re: FXPig
Post by: Kevin @ FXPIG on December 07, 2013, 08:08:58 AM
DOOR PAMM: THE WAIT IS FINALLY OVER

As many of you already know our DOOR ECN PAMM ( http://stats.fxpig.com/en/performances/view/DOOR_ECN-10228 (http://stats.fxpig.com/en/performances/view/DOOR_ECN-10228) ) has been closed to new deposits for almost an entire year after hitting a liquidity cap on our in house ECN Feed. Since that time we have been actively looking for a solution. We are VERY excited to announce that we believe we have finally found one.

Due to countless requests we have been tirelessly working on a way to reopen the fund since the cap was hit. We have commented privately to many of our clients regarding an institutional ECN that we have been aggregating in the hope that we could extend the liquidity cap, and it is looking promising but is still few months away from launching. During this same timeframe we have also been working closely with several of the banks in our DMA feed in an attempt to create a more scaleable environment for the DOOR.

This new environment is call the FOX feed, or 'Full Order eXecution'. The basics behind this feed's setup is as follows: 8 of the banks in our DMA feed have agreed to create dedicated price feeds that send out our per trade volume as their top of book or executable price. This means if our trigger price is hit we get filled in one fill at 100%, executed by one single bank. This means no slippage, no partial fills and no rejections. Moreover as one bank is filling the ticket internally, the market is not affected, meaning our volume does not move the market. This is a huge plus for a system that trades during times of illiquidity.

The last step of the negotiation with the banks is to agree on a minimum volume threshold. Currently it is set to approximately 70 lots per trade. To get there we need 600k in tradable capital deposited into the fund. In any event we are looking to see who may be interested in this offer.

If you are looking to get into the DOOR Fund please send an email to us at door@fxpig.com with 'DOOR FOX PAMM' in the subject line and your name, estimated deposit, and source of funds in the body of the message. This 'reservation list' will be first come first serve. We anticipate the fund to launch on January 15th 2014.

Once you are added to the list we will send you more information on the specifics of the fund. The minimum deposit will be 5k USD as it is now on the current DOOR PAMM. If you have any questions please direct them to our help desk as usual.

While nothing is guaranteed in this industry we feel this FOX feed is the answer to our DOOR Fund's current liquidity cap issue and that it will allow us to grow the fund and give you, our valued clients, another option in the ever evolving world of Managed FX.
Title: Re: FXPig
Post by: bismillahwd on December 07, 2013, 12:42:51 PM
I've already sent the mail few days ago, when would the support re-info back to me?




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Title: Re: FXPig
Post by: QuickPipsFX on December 07, 2013, 12:47:18 PM
If my trading would be as good as the support of FXPig, I'd be a rich man!

Thanks for the good work FXPig :)
Title: Re: FXPig
Post by: Kevin @ FXPIG on December 08, 2013, 08:49:18 AM
If you have sent in your details to door@fxpig.com we will be in touch in the next week to get you updated.

Cheers,
Title: Re: FXPig
Post by: odysseus11 on December 30, 2013, 01:51:42 PM
I think I have posted this before, but as someone who in the last 7 years has had 5 figure-and-up accounts with dozens of mt4 brokers in the last 7 years, I just wanted to say I am coming up on 2 years with FXPig, and they continue to be hands down the absolute best forex brokerage I have ever worked with in every respect. From fantastic support by Kevin and Sylvain, to speedy and efficient fund transfers, to excellent executions and spreads (my EAs and manually trading do FAR better there than any other brokerage, its really amazing), they just blow the competition away - anyone who hasnt tried them, you really should give them a try. Absolute best, top notch.

Title: Re: FXPig
Post by: ultracat on December 30, 2013, 05:01:03 PM
I'll second that.  It's been a fantastic experience working with Kevin for the last year or so.  If there's something you need, they will do what they can to get it for you.  I can't wait until they get well regulated. 
Title: Re: FXPig
Post by: fx.mstr on December 30, 2013, 08:27:30 PM
I am about to do my year-end review of my trading in 2013. I have an account at FxPig and 2 of my most trusted EAs are working there so I have taken a deeper look into this account this week. I have found one thing I do not really like. They advertise that they charge $5.8 commission per lot but this is not really the case. It applies only to "USD pairs" not for all of the pairs and somehow they forgot to mention this little detail on their website. As a matter of fact on the most traded currency pair (EURUSD) they have a commission of $8 instead of the advertised $5.8 which is a huge difference.

I decided not to trade EURUSD on my FxPig account any longer as it costs too much comparing to my other ECN-like brokers. And I have to admit also that I do not really like this questionable marketing strategy.
Yes, it is partly my fault as I did not dig deeper in the beginning and have found it out only now but I think that an honest vendor should give detailed information about his service to the public.

What does it mean in figures?

Robin Vol made -23.9 pip since March on my FXPig account and due to the commission it cost me $298.5.

At another broker, where I pay real $5.5  commission and similar spread my loss would be around $80 less.
Title: Re: FXPig
Post by: JJ-FX on December 31, 2013, 08:18:44 AM
I think I have posted this before, but as someone who in the last 7 years has had 5 figure-and-up accounts with dozens of mt4 brokers in the last 7 years, I just wanted to say I am coming up on 2 years with FXPig, and they continue to be hands down the absolute best forex brokerage I have ever worked with in every respect. From fantastic support by Kevin and Sylvain, to speedy and efficient fund transfers, to excellent executions and spreads (my EAs and manually trading do FAR better there than any other brokerage, its really amazing), they just blow the competition away - anyone who hasnt tried them, you really should give them a try. Absolute best, top notch.

How good is the DMA account compared to the ECN account?
Title: Re: FXPig
Post by: odysseus11 on December 31, 2013, 02:16:52 PM
sorry have only used ecn
Title: Re: FXPig
Post by: Kevin @ FXPIG on December 31, 2013, 11:06:28 PM
I am about to do my year-end review of my trading in 2013. I have an account at FxPig and 2 of my most trusted EAs are working there so I have taken a deeper look into this account this week. I have found one thing I do not really like. They advertise that they charge $5.8 commission per lot but this is not really the case. It applies only to "USD pairs" not for all of the pairs and somehow they forgot to mention this little detail on their website. As a matter of fact on the most traded currency pair (EURUSD) they have a commission of $8 instead of the advertised $5.8 which is a huge difference.

I decided not to trade EURUSD on my FxPig account any longer as it costs too much comparing to my other ECN-like brokers. And I have to admit also that I do not really like this questionable marketing strategy.
Yes, it is partly my fault as I did not dig deeper in the beginning and have found it out only now but I think that an honest vendor should give detailed information about his service to the public.

What does it mean in figures?

Robin Vol made -23.9 pip since March on my FXPig account and due to the commission it cost me $298.5.

At another broker, where I pay real $5.5  commission and similar spread my loss would be around $80 less.

FX.Mstr,

Our commissions page shows 2,90 per 100k or 29 per Million. This figure is 100% correct. If your account is based in USD you are charged 2,90 per 100k. If you trade the EURUSD each lot you trade is not 100k USD but 137k USD (or thereabouts).

The 'unit' pricing based on your account currency is an industry wide standard. I realize some brokers fix their rate to a specific currency, however considering all institutional LPs price on a per unit basis doing this complicates things on our end as a 100% STP non risk taking broker.

That being said I have emailed you personally to offer a better rate.

If you have any other questions feel free to contact me directly.

...and have a prosperous 2014, where ever you may be trading...

Cheers,
Title: Re: FXPig
Post by: viltsu on January 07, 2014, 03:44:16 PM
Thanks FXPIG for the Christmas card!
Title: Re: FXPig
Post by: cyberryder on January 07, 2014, 05:16:32 PM
jep, also found the christmas card yesterday in my box and was really surprised that a broker is spending money for a postcard. Never got anything like that from a broker. Nice one!  :)
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 07, 2014, 11:05:52 PM
You guys are very welcome...

Happy Holidays

Cheers,
Title: Re: FXPig
Post by: cyberryder on January 07, 2014, 11:16:20 PM
btw.. yesterday i opened a support ticket as i want to re-start trading with my live account as their spreads are one of the best on myfxbook and it took exactly 3min and i got a reply from Kevin. That was maybe a lucky hazard, but anyway this way they beat even ArmadaMarkets Support, who replied incredibly fast in their early days, but also has gone down and could take some hours now. My current broker Axitrader never replies before 8h and one of the worst i have is FxOpen that could take 1-3 days.
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 07, 2014, 11:20:05 PM
We try and make sure our client to staff ratio is kept under strict control.

Once we roll out our new site and begin to advertise our staff will be increasing as well.

At any rate, thanks for the vote of confidence.

Cheers,
Title: Re: FXPig
Post by: crashev on January 08, 2014, 09:52:39 PM
Yep, got one too and I was as suprised as You
Title: Re: FXPig
Post by: semaj on January 08, 2014, 10:15:42 PM
FxPig is so efficient and informative. And, thanks for the X'mas card.
Title: Re: FXPig
Post by: aagarcia on January 09, 2014, 09:28:41 PM
Yep thanks Kevin.  Nice touch!!!   ;-)
Been using FXPIG and have had the pleasure of working with Kevin going on over 2 years now.  A great person to know and work with.  He IMMEDIATELY replies to questions and/or situations that arise.  A true blessing in an unscrupulous industry. And you know the crap that's out there...
Title: Re: FXPig
Post by: viltsu on March 01, 2014, 07:07:07 PM
This broker and customer service is amazing!

It is saturday evening where I'm from. I made a request to "halt" my funds in PAMM because of the situation in Ukraine. Customer service responded in 5 minutes. I say again, it is saturday evening here.

I've never seen this kind of customer service before.
 :) :) :)
Title: Re: FXPig
Post by: zanzistor on March 10, 2014, 10:20:12 AM
I am touching Fxpig, for the first time,
Customer care is impressive, so far so good..


))
Title: Re: FXPig
Post by: viltsu on March 10, 2014, 10:57:01 AM
I am touching Fxpig, for the first time,
Customer care is impressive, so far so good..


))
I can promise you that you won't be regret. Best MT4 broker hands down on the market!
Title: Re: FXPig
Post by: crashev on March 10, 2014, 11:28:45 AM
I would also vouche for FxPig so far my experience with them was nothing but just great and perfect.
Title: Re: FXPig
Post by: Dr ea on March 11, 2014, 03:32:24 AM
How is the experience trading news at fxpig?

Is is a ideal broker for trading news?
Title: Re: FXPig
Post by: Kevin @ FXPIG on March 12, 2014, 01:54:09 AM
The honest answer is....probably not.

This is not because we widen spread or deal on our own account, the reason is simply that we are not a market maker and during news releases there tend to be larger than normal tick gaps in our STP pricing feeds which result in higher than normal slippage.

Trading the news is best done from a well funded market maker.

News trading is more akin to gambling then any other form of retail trading. Think of it this way; a well connected broker can see resting orders of a good percentage of the retail market, and we (meaning well connected brokers in general) stay away from news whenever we can.

....lastly thanks to everyone for their kind comments. We work hard to keep you happy and it is nice to see that it is appreciated.

Cheers,

Title: Re: FXPig
Post by: semaj on April 08, 2014, 07:07:30 AM
I had a slippage problem with their MT4 trading account yesterday, and Mr. Kevin Murcko of FxPig offered me a fair and even settlement within 24 hours.
Thank you very much for your prompt and efficient service.
Title: Re: FXPig
Post by: Fraois on April 16, 2014, 03:11:22 PM
Does FXPig ECN Live & Demo show partial fills in multiple orders or shows one single average value?
http://www.fxopen.com.au/ContentImages/ESNSTPForexTraiding/image015.png (http://www.fxopen.com.au/ContentImages/ESNSTPForexTraiding/image015.png)
http://www.fxopen.com.au/ContentImages/ESNSTPForexTraiding/image017.png (http://www.fxopen.com.au/ContentImages/ESNSTPForexTraiding/image017.png)


I'm afraid multiple orders may get some stupid EAs confused as well MT4i Trade Copier.
http://www.ea-coder.com/why-trade-copiers-have-trouble-working-on-the-oanda-mt4-accounts/ (http://www.ea-coder.com/why-trade-copiers-have-trouble-working-on-the-oanda-mt4-accounts/)
Title: Re: FXPig
Post by: Dr ea on April 16, 2014, 03:31:22 PM
Fxpig is white label of fxopen? Fxpig better customer support while fxopen au has lower commission and ASIC regulated.

Which one better?
Title: Re: FXPig
Post by: Fraois on April 16, 2014, 06:15:42 PM
No, they're not.
It ain't white label of FXOpen. FXPig ECN & FXOpen work with the same technology provider. FXPig DMA is white label of Advanced Markets. Forex.ee is white label FXOpen AU.
Title: Re: FXPig
Post by: GoldenBoy on April 17, 2014, 02:43:20 PM
No, they're not.
It ain't white label of FXOpen. FXPig ECN & FXOpen work with the same technology provider. FXPig DMA is white label of Advanced Markets. Forex.ee is white label FXOpen AU.

And what all the above have in common is that they have next to zero liquidity at news time so you can be sure you will fill end of the spike.
Title: Re: FXPig
Post by: Dr ea on April 17, 2014, 04:00:31 PM
Fxopen, fxpig and forex eee are almost the same and very susceptible to news. 
Title: Re: FXPig
Post by: Dr ea on April 18, 2014, 02:30:59 PM
It has one of the best customer service and they are very transparent to say it cant trade news unlike fxopen which say it can. They has spread widen protection during news. I dk if fxopen has.

I trade and like their cross pairs spread which are one of the lowest among other brokers.
Title: Re: FXPig
Post by: forex4life on April 19, 2014, 08:04:17 AM
I had a slippage problem with their MT4 trading account yesterday, and Mr. Kevin Murcko of FxPig offered me a fair and even settlement within 24 hours.
Thank you very much for your prompt and efficient service.

I thought, for honest brokers, slippage is part of the game, and refunds for this is very very rare. Slippage can be negative or positive.
So why and how did they settle it?

Please note except their regulation which is so so, I know Fxpig is very honest, competitive, efficient, serious.
Title: Re: FXPig
Post by: FXVM on April 22, 2014, 09:28:29 PM
If it can help anyone - we have recently improved our latency to FXPIG trading servers in New York City.

The connectivity is looking really good, check the ping results from our servers:

Quote
PING 50.22.208.149 (50.22.208.149) 56(84) bytes of data.
64 bytes from 50.22.208.149: icmp_seq=1 ttl=119 time=7.27 ms
64 bytes from 50.22.208.149: icmp_seq=2 ttl=119 time=7.39 ms
64 bytes from 50.22.208.149: icmp_seq=3 ttl=119 time=7.40 ms
64 bytes from 50.22.208.149: icmp_seq=4 ttl=119 time=7.37 ms
64 bytes from 50.22.208.149: icmp_seq=5 ttl=119 time=7.42 ms

--- 50.22.208.149 ping statistics ---
5 packets transmitted, 5 received, 0% packet loss, time 4000ms
rtt min/avg/max/mdev = 7.275/7.373/7.427/0.107 ms

Up-to-date FXPIG latency info can be found here: https://fxvm.net/blog/fxpig-latency-broker-8ms/
Title: Re: FXPig
Post by: semaj on April 23, 2014, 05:09:23 AM
How come the AUDNZD is so volatile at this moment? Please advise.
Title: Re: FXPig
Post by: caddyhexe on April 23, 2014, 09:13:02 AM
How come the AUDNZD is so volatile at this moment? Please advise.

It would seem the economic data in Australia is giving mixed outlooks and continually changing the markets view as to the future actions of the Australian central bank, also New Zealand Central Bank Rate descision tomorrow  IMHO
Title: Re: FXPig
Post by: ultracat on April 29, 2014, 11:21:40 PM
Hi Kevin - I got the email about NY4 servers.  Will you be on net with CNS VPS NY do you know?   Also, any news on FX PIG becoming regulated by ASIC or another reputable jurisdiction?
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 30, 2014, 05:13:25 AM
Yes, our NY7 cluster is cross connected with beeks, and has been for some time now.

We are expecting to hear something from the MFSA in Malta by the end of the month...slow process but we are nearing the end.

Cheers,
Title: Re: FXPig
Post by: viltsu on April 30, 2014, 05:19:57 AM
Do you have any plans to offer EUR-based DMA accounts in the future? I'd like to start trading 0.0x lots but it is impossible with ECN account and I live in EURO area so I need EUR-based account. All other has been superb for me! Thanks for that Kevin!

Thanks,

Ville
Title: Re: FXPig
Post by: viltsu on April 30, 2014, 05:27:11 AM
Yes, our NY7 cluster is cross connected with beeks, and has been for some time now.

We are expecting to hear something from the MFSA in Malta by the end of the month...slow process but we are nearing the end.

Cheers,
Hi Kevin,

I requested XConnect to FX Pig but got this answer:

Quote
Unfortunately, we don't have xconnect to FXPig server.

Regards,
BeeksFX Support

Maybe I misunderstood and it is not ready yet but coming?
Title: Re: FXPig
Post by: gordon@beeks on April 30, 2014, 09:15:19 AM
apologies....one of our support guys has given incorrect information there....we are x-connected to FxPig...have been for a long time.....it did get moved and I think that is why one of the guys got confused.

however they are x-connected

any questions let me know

G

Yes, our NY7 cluster is cross connected with beeks, and has been for some time now.

We are expecting to hear something from the MFSA in Malta by the end of the month...slow process but we are nearing the end.

Cheers,
Hi Kevin,

I requested XConnect to FX Pig but got this answer:

Quote
Unfortunately, we don't have xconnect to FXPig server.

Regards,
BeeksFX Support

Maybe I misunderstood and it is not ready yet but coming?
Title: Re: FXPig
Post by: aagarcia on May 01, 2014, 01:55:12 PM
apologies....one of our support guys has given incorrect information there....we are x-connected to FxPig...have been for a long time.....it did get moved and I think that is why one of the guys got confused.

however they are x-connected

any questions let me know

G

Yes, our NY7 cluster is cross connected with beeks, and has been for some time now.

We are expecting to hear something from the MFSA in Malta by the end of the month...slow process but we are nearing the end.

Cheers,
Hi Kevin,

I requested XConnect to FX Pig but got this answer:

Quote
Unfortunately, we don't have xconnect to FXPig server.

Regards,
BeeksFX Support

Maybe I misunderstood and it is not ready yet but coming?

Yes, I can concur with that.  Have been using the set up for quite awhile now.
Title: Re: FXPig
Post by: Fraois on May 02, 2014, 07:03:36 PM
No, they're not.
It ain't white label of FXOpen. FXPig ECN & FXOpen work with the same technology provider. FXPig DMA is white label of Advanced Markets. Forex.ee is white label FXOpen AU.
I finally found their technology provider: softFX
It looks good 
http://www.soft-fx.com (http://www.soft-fx.com)
Title: Re: FXPig
Post by: fxman on May 03, 2014, 05:37:55 PM
Fxpig has great support . I put several questions there and immediate answer through mail . They have good customer review but their regulation is not that great. One of my question was about their regulation and  I informed by their support that they are well in process to get a license in Europe. 
Title: Re: FXPig
Post by: ultracat on May 03, 2014, 06:07:27 PM
I agree - but the purpose the regulation is to feel confident the company isn't a scam, won't rip you off etc.  I want to see them regulated too, especially in an area like FSA or ASIC, but at the end of the day FX PIG has been around for quite some time now and there are many, many, many happy cusotmers, lots of stories of great service and personal service from Kevin, and more importantly not really any stories online about how FX PIG is a bad or dishonest broker.  So what I'm saying is regulation is very, very important but the more public exposure a broker has and the more real life experience lots of customers have with the broker, the more confident I think we can be it's a good broker.  At this stage, regulation won't really make me trust Kevin more than I already do.  He's handled lots of my money, never had any problems with withdrawals or deposits etc. and issues that have come up were resolved quickly and to my satisfaction.  I certainly can't even say that about all the properly regulated brokers I've dealt with.  For example Vantage is ASIC regulated and they tried to rip me off for like $5000.  I dealt with another broker (can't remember the name right now) a few years ago that was regulated in BVI and I found them to be a very dishonest broker with really crazy use of VDP and messing with spreads and stop outs etc.  So, regulation isn't everything. 
Title: Re: FXPig
Post by: Dr ea on May 03, 2014, 06:26:34 PM
They shld get fsa since fxopen au is alrdy asic. They also moving to Malta.
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 05, 2014, 06:16:13 AM
Regarding the EUR based DMA accounts...

That is in the pipe as well once we have everyone fully migrated over to the new server cluster.

As well we may be offering 0.01 trade execution on the ECN feed as well. We will be testing this and other things this week.

In response to the regulation questions; Malta is getting closer everyday, and ASIC is not in our plans, but FCA is. This has nothing to do with FXOPEN being in the AU as we have no affiliation with them aside from having their feed in our ECN liquidity and that we use the same technology provider. (Currently, as we will be moving to a new provider shortly as well.)

Cheers,
Title: Re: FXPig
Post by: Fraois on May 05, 2014, 08:05:11 AM
Hi Kevin,

Are you saying the new ECN feed from a new technology provider allows 0.01 lot?
Is their market depth also deeper?

FCA is the best of all. I trust FCA.
Title: Re: FXPig
Post by: fx.mstr on May 05, 2014, 05:38:00 PM
I have just recognized this spike on gbpchf chart on my DMA account. None of my other brokers has it.

I happened at 01.05.2014 22:00 server time.

Does anyone have it?

Any explanation about it?
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 06, 2014, 06:25:01 AM

The ECN feed will be our current aggregation plus a few other LPs, but the new aggregation technology and order management software may allow us to accept 0.01 size orders.

---

On that DMA spike that appears to be a false and non executable tick from one particular bank, I doubt it caused any actual trades. If someone does have a position that was closed or opened due to that spike and it caused them to lose some equity let us know via our help desk and we will have a look.

Cheers,
Title: Re: FXPig
Post by: Fraois on May 06, 2014, 08:17:56 AM

The ECN feed will be our current aggregation plus a few other LPs, but the new aggregation technology and order management software may allow us to accept 0.01 size orders.

---
Cheers,

I guess the new ECN feed is with almost near zero spreads? :D

How about market depth? How many lots will be available on the top of the book say major pairs like EU & GU?
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 08, 2014, 07:02:27 AM

Spreads may improve a bit on certain pairs, this is something we cannot really speculate on. When we see it we will know.

On the depth; depth will improve, but again it is nearly impossible to give you hard numbers. Remember 5 trillion per day in volume, when divided by 10 ticks per second, is around 1 lot per tick. Not very 'liquid' when you look at it that way.

Once we have the new system up and ready we will be releasing a new depth tool so this will make it easy to watch and see the depth in real time.

Cheers,
Title: Re: FXPig
Post by: caddyhexe on May 08, 2014, 07:11:06 AM
On the depth; depth will improve, but again it is nearly impossible to give you hard numbers. Remember 5 trillion per day in volume, when divided by 10 ticks per second, is around 1 lot per tick. Not very 'liquid' when you look at it that way.

That was cool Kevin, reducing 5 Trillion to not a lot in one sentence, cool
Title: Re: FXPig
Post by: iwillsurvive on May 08, 2014, 11:09:01 AM

Spreads may improve a bit on certain pairs, this is something we cannot really speculate on. When we see it we will know.

On the depth; depth will improve, but again it is nearly impossible to give you hard numbers. Remember 5 trillion per day in volume, when divided by 10 ticks per second, is around 1 lot per tick. Not very 'liquid' when you look at it that way.

Once we have the new system up and ready we will be releasing a new depth tool so this will make it easy to watch and see the depth in real time.

Cheers,

Looking forward (y)
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 11, 2014, 10:27:35 PM
On the depth; depth will improve, but again it is nearly impossible to give you hard numbers. Remember 5 trillion per day in volume, when divided by 10 ticks per second, is around 1 lot per tick. Not very 'liquid' when you look at it that way.

That was cool Kevin, reducing 5 Trillion to not a lot in one sentence, cool

Not sure if your being sarcastic there...but my post was just meant to underline the fact that this '5 trillion' number is a bit misleading. First off, retail volume is not 5 trillion a day, and secondly even if it was...per tick it is still 'illiquid' during many hours of the day which leads to slippage and missed entries.

Cheers,
Title: Re: FXPig
Post by: caddyhexe on May 11, 2014, 10:39:44 PM
No sarcasm intended...I thought it was cool
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 12, 2014, 08:36:33 AM
OK :)

Thank you...I think it is pretty cool as well. Numbers that large can really skew the reality of this market.

Cheers,
Title: Re: FXPig
Post by: iwillsurvive on May 13, 2014, 04:28:48 AM

The ECN feed will be our current aggregation plus a few other LPs, but the new aggregation technology and order management software may allow us to accept 0.01 size orders.

---

On that DMA spike that appears to be a false and non executable tick from one particular bank, I doubt it caused any actual trades. If someone does have a position that was closed or opened due to that spike and it caused them to lose some equity let us know via our help desk and we will have a look.

Cheers,

Hi Kevin,

When do you see this new ECN feed being implemented?

Title: Re: FXPig
Post by: mike24 on May 14, 2014, 11:50:17 AM
Hello, just want to ask real account customers of FXPIG how the experiences with withdrawals and fees are?

Thank you
Title: Re: FXPig
Post by: Tempestshade on May 15, 2014, 06:37:51 PM
Hello, just want to ask real account customers of FXPIG how the experiences with withdrawals and fees are?

Thank you

I haven't had any issues withdrawing nor has anyone I know.

Cheers,
David
Title: Re: FXPig
Post by: ultracat on May 15, 2014, 07:53:28 PM
Hello, just want to ask real account customers of FXPIG how the experiences with withdrawals and fees are?

Thank you

I've made a few decent sized deposits and withdrawals with FX PIG over the last 2 years or so.  No issues with FX PIG.  The only issue I ever noticed is their bank seems to sometimes take an additional fee.  I've seen this with other brokers as well involving wire transfers especially when a currency conversion takes place.  I wouldn't call it an issue per se, just be prepared if your withdrawal is 20 or 30 dollars short it is most likely an intermediary bank taking an extra fee on the way. 
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 17, 2014, 07:28:12 AM
The new ECN feed should be ready within 30 days.

We will be testing the new aggregation this week and from there we will be finalizing the setup of the new aggregation and matching platform in preparation for launch.

Cheers,
Title: Re: FXPig
Post by: Fraois on May 22, 2014, 07:55:44 PM
Hello,

Anyone here ever run EXPAT test on FXPig "DMA" server?
How many milliseconds in average?

Thanks
Title: Re: FXPig
Post by: Tyler on May 22, 2014, 08:05:20 PM
Hello,

Anyone here ever run EXPAT test on FXPig "DMA" server?
How many milliseconds in average?

Thanks
Hi Fraois,
here in attachment, test is from CNS VPS.
Cheers.
Title: Re: FXPig
Post by: cyberryder on May 22, 2014, 08:13:40 PM
it seems to me that something has been changed in the MT4 server or bridge setup of brokers recently. It's very unlikely that IC as well as FXPig suddenly both have dramatically reduced their stats to around 40ms from their individual efforts alone
Title: Re: FXPig
Post by: Fraois on May 22, 2014, 09:32:51 PM
Hello,

Anyone here ever run EXPAT test on FXPig "DMA" server?
How many milliseconds in average?

Thanks
Hi Fraois,
here in attachment, test is from CNS VPS.
Cheers.

Thanks mate!
I can't believe DMA is even faster than ECN
Title: Re: FXPig
Post by: geektrader on May 24, 2014, 04:38:49 PM
it seems to me that something has been changed in the MT4 server or bridge setup of brokers recently. It's very unlikely that IC as well as FXPig suddenly both have dramatically reduced their stats to around 40ms from their individual efforts alone

http://www.donnaforex.com/forum/index.php?topic=5761.msg310462#msg310462 (http://www.donnaforex.com/forum/index.php?topic=5761.msg310462#msg310462)
Title: Re: FXPig
Post by: Fraois on June 12, 2014, 09:21:09 PM
FXPig spreads disappear on Myfxbook today...does it mean the new aggregation of ECN is near? ;)
Title: Re: FXPig
Post by: cyberryder on June 16, 2014, 04:39:19 PM

FXPig spreads disappear on Myfxbook today...does it mean the new aggregation of ECN is near? ;)
Yes its strange...
Title: Re: FXPig
Post by: MaximB13 on June 17, 2014, 03:42:49 PM
Hello there!
Is the "Off qoutes" thing common for FXPig?
Today started trading with them, tried to enter during the news release, and received this.
Cheers
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 17, 2014, 08:33:41 PM
Maxim,

No it is not common. We had an emergency server restart which led to 20 seconds of downtime due to an LP filter issue.

Normally we never restart servers during the trading week but this was something that could not wait.

----

On the MYFXBOOK issue; they are now charging to have spread data displayed on their site this is why we were pulled. We may decide to do this once our new aggregation is up and running which should be in July. Tests are going very well. We are working on order routing and other tweaks at the moment.

Cheers,
Title: Re: FXPig
Post by: ultracat on June 18, 2014, 05:20:56 PM
Hi Kevin,

What impact if any will this have on your business?

http://forexmagnates.com/new-zealand-fma-initiates-new-guidelines-broker-exodus-ahead/ (http://forexmagnates.com/new-zealand-fma-initiates-new-guidelines-broker-exodus-ahead/)

Title: Re: FXPig
Post by: Kevin @ FXPIG on June 18, 2014, 10:21:34 PM
Ultra,

We have been adhering to those standards almost since inception. The reason we voluntarily began looking to regulate FXPIG within the EU is that the NZ regulations were and are not in align with our business model as they focus more on risk taking and market making. Not to mention that the FMA is a relatively new regulatory body and we felt it would behoove us to be under the guise of a more mature authority.

Having said that our NZ operations may or may not be wound down once we are in the EU.

Cheers,
Title: Re: FXPig
Post by: Viktory on June 18, 2014, 10:29:05 PM
Thanks for the info/update, Kevin... But being in the US would also mean a lot more limitations/restrictions to what you can offer to your clients (lime 1:50 being the max leverage offered), right?
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 18, 2014, 10:31:23 PM
EU, not US.

We have no plans to enter the US market.

Cheers,
Title: Re: FXPig
Post by: ultracat on June 18, 2014, 10:38:22 PM
Ultra,

We have been adhering to those standards almost since inception. The reason we voluntarily began looking to regulate FXPIG within the EU is that the NZ regulations were and are not in align with our business model as they focus more on risk taking and market making. Not to mention that the FMA is a relatively new regulatory body and we felt it would behoove us to be under the guise of a more mature authority.

Having said that our NZ operations may or may not be wound down once we are in the EU.

Cheers,

I assume this transition to an EU license would be relatively painless and non-disruptive for customers when it happens?  I'm not currently a customer, but I always think of coming back.  The service and feeds were always great with FX PIG.   The main reason I'm not with you currently is no regulation, which I know you're working on.  If there would be a potential disruption to the trading activity then I would wait until after the regulatory switch before re-joining you.  If it's merely a regulatory/bureaucratic change in the background with no impact on the daily trading facilities of the company then I suppose I could come back sooner (i.e. once you being regulated is actually on the near-term horizon). 
Title: Re: FXPig
Post by: Viktory on June 18, 2014, 10:46:06 PM
Haha, I'm sorry Kevin! Y mistook it because in Spanish we also say Estados Unidos (EU)... so only costume! :P
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 18, 2014, 11:07:08 PM
No te preocupes Victor, por esto en Mexico usan EEUU por Estados Unidos.

There will not be a disruption on the client side. Once we migrate the ECN server there may be depending on if clients are unable to unwind their trades within a month or so.

Cheers,
Title: Re: FXPig
Post by: Tempestshade on June 19, 2014, 12:35:09 AM
Hey kevin,

Will there be access to mobile MT4? And for whatever reason I can't myfxbook to autoupdate - is this a problem on your end or on theirs?

Thanks,
David
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 19, 2014, 01:55:47 AM
Yes mobile MT4 will be available.

I assume the myfxbook issue is on their side as our servers are accessible.

Cheers,
Title: Re: FXPig
Post by: bismillahwd on June 26, 2014, 10:53:08 AM
found this new asian scalper manager on fxpig

http://stats.fxpig.com/en/performances/view/Asia_Major-30229 (http://stats.fxpig.com/en/performances/view/Asia_Major-30229)


could you tell us how is the strategy? almost similar with Door fox , or door ecn? seems too little information on it
we didnt want to go with unknown system, like FTS-EGB that unfotunately using grid strategy. or nor LK hedge that too secretive

thanks for your information
Title: Re: FXPig
Post by: jfk on June 26, 2014, 04:39:03 PM
found this new asian scalper manager on fxpig

http://stats.fxpig.com/en/performances/view/Asia_Major-30229 (http://stats.fxpig.com/en/performances/view/Asia_Major-30229)


could you tell us how is the strategy? almost similar with Door fox , or door ecn? seems too little information on it
we didnt want to go with unknown system, like FTS-EGB that unfotunately using grid strategy. or nor LK hedge that too secretive

thanks for your information


It's Bestscalper http://www.myfxbook.com/members/Bestscalper/fxpig-pamm-managed-by-bs/909426 (http://www.myfxbook.com/members/Bestscalper/fxpig-pamm-managed-by-bs/909426)
Title: Re: FXPig
Post by: Dr ea on June 27, 2014, 01:20:36 AM
found this new asian scalper manager on fxpig

http://stats.fxpig.com/en/performances/view/Asia_Major-30229 (http://stats.fxpig.com/en/performances/view/Asia_Major-30229)


could you tell us how is the strategy? almost similar with Door fox , or door ecn? seems too little information on it
we didnt want to go with unknown system, like FTS-EGB that unfotunately using grid strategy. or nor LK hedge that too secretive

thanks for your information


It's Bestscalper http://www.myfxbook.com/members/Bestscalper/fxpig-pamm-managed-by-bs/909426 (http://www.myfxbook.com/members/Bestscalper/fxpig-pamm-managed-by-bs/909426)

Their support lie to me that the asia major pamm is run by them and say it has similar risk as door. Minimum 5k usd and that is too huge for entry for a scalper which has huge sl for me. The owner of the ea could just open fxopen pamm and accept min 500 usd to 1k usd.
Title: Re: FXPig
Post by: bismillahwd on June 28, 2014, 02:31:53 PM
found this new asian scalper manager on fxpig

http://stats.fxpig.com/en/performances/view/Asia_Major-30229 (http://stats.fxpig.com/en/performances/view/Asia_Major-30229)


could you tell us how is the strategy? almost similar with Door fox , or door ecn? seems too little information on it
we didnt want to go with unknown system, like FTS-EGB that unfotunately using grid strategy. or nor LK hedge that too secretive

thanks for your information


It's Bestscalper http://www.myfxbook.com/members/Bestscalper/fxpig-pamm-managed-by-bs/909426 (http://www.myfxbook.com/members/Bestscalper/fxpig-pamm-managed-by-bs/909426)

Their support lie to me that the asia major pamm is run by them and say it has similar risk as door. Minimum 5k usd and that is too huge for entry for a scalper which has huge sl for me. The owner of the ea could just open fxopen pamm and accept min 500 usd to 1k usd.

Wich support? Fxpig or bestscalper??




Sent from my iPad using Tapatalk HD
Title: Re: FXPig
Post by: Dr ea on June 28, 2014, 04:58:56 PM
found this new asian scalper manager on fxpig

http://stats.fxpig.com/en/performances/view/Asia_Major-30229 (http://stats.fxpig.com/en/performances/view/Asia_Major-30229)


could you tell us how is the strategy? almost similar with Door fox , or door ecn? seems too little information on it
we didnt want to go with unknown system, like FTS-EGB that unfotunately using grid strategy. or nor LK hedge that too secretive

thanks for your information


It's Bestscalper http://www.myfxbook.com/members/Bestscalper/fxpig-pamm-managed-by-bs/909426 (http://www.myfxbook.com/members/Bestscalper/fxpig-pamm-managed-by-bs/909426)

Their support lie to me that the asia major pamm is run by them and say it has similar risk as door. Minimum 5k usd and that is too huge for entry for a scalper which has huge sl for me. The owner of the ea could just open fxopen pamm and accept min 500 usd to 1k usd.

Wich support? Fxpig or bestscalper??




Sent from my iPad using Tapatalk HD

Fxpig.
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 03, 2014, 04:27:43 PM
Let me clear the air here as there are several things that have been posted here lately that are completely untrue.

1. FXPIG has no affiliation or connection to the ASIA MAJOR PAMM, BestScalper, or any other company or trade manager running a PAMM on any one of our offered pricing feeds.

Incidentally, Dr. EA, please post where someone from FXPIG told you we were behind the strategy. I have searched our support logs and cannot find it. Again this is 100% UNTRUE.

2. As this is still a semi private system, meaning that while it has passed the minimum 3 month testing period, we are still not officially promoting the PAMM by way of our Promoted PAMM Page, we do not have any other public information available on the system. Having said that, yes the system is based on the 'bestscalper' strategy however it does trade more pairs, thus it has the potential for higher gains.

3. FTS-EGB is NOT a grid system. If someone believes they have evidence to support this hypothesis please post it here.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 03, 2014, 04:35:08 PM
and...

4 - The minimum investment threshold is not set by FXPIG but by the trade manager.

In the end we, as in FXPIG, are here to answer any questions we can and assist you in making the decision of IF you want to invest by providing you with any clarifications you may need, however we do not set the specifics regarding PAMM accounts traded on our feeds.

Cheers,
Title: Re: FXPig
Post by: cyberryder on July 16, 2014, 10:15:07 AM
i'm really impressed by the customer service of FxPIG again and again. They are incredibly quick, honest and transparent. Just as it should be in an ideal world. (just as Armadamarkets was long times ago). FxPIG is a 100% contrast re customer service to SensusCapitalMarkets i tested 3 months ago and closed all accounts because of incredibly bad customer service. And i don't have to wait for a response for min 3 days as it is the case at FxOPEN AU + UK and sometimes also at ICM.

They processed my 20k deposit in just 1 day and opened me 3 new accounts under HFTGroup.

Trading is running smoothly and spreads are always the best i can see on myfxbook.
Title: Re: FXPig
Post by: odysseus11 on July 16, 2014, 10:34:05 AM
All of that is exactly what I have been telling everyone for going on 2 years now.
For me they have been one of my favorite MT4 brokers. From executions to support to just, well *everything*, really. Amazing. They deserve to be huge, but I think the NZ regulation is a hurdle for some people.
Title: Re: FXPig
Post by: cyberryder on July 16, 2014, 10:37:30 AM
yeah, they deserve the business. I only hope that it's not a pattern as brokers grow big (too big), customer service goes down and technical issues kicks in. For now FxPIG is rather small, so everybody reading this, PLEASE stay away and let me + Odysseus trade and keep them busy alone  ;)  joking.. engage with them, you won't regret it.
Title: Re: FXPig
Post by: forexbaby on July 16, 2014, 01:17:50 PM
sound good. How is the withdraw duration?
Title: Re: FXPig
Post by: Okda on July 16, 2014, 02:10:26 PM
I really want to try them but their Islamic account offer is not as good as other Nz based brokers
Title: Re: FXPig
Post by: Fraois on July 16, 2014, 04:16:45 PM
i'm really impressed by the customer service of FxPIG again and again. They are incredibly quick, honest and transparent. Just as it should be in an ideal world. (just as Armadamarkets was long times ago). FxPIG is a 100% contrast re customer service to SensusCapitalMarkets i tested 3 months ago and closed all accounts because of incredibly bad customer service. And i don't have to wait for a response for min 3 days as it is the case at FxOPEN AU + UK and sometimes also at ICM.

They processed my 20k deposit in just 1 day and opened me 3 new accounts under HFTGroup.

Trading is running smoothly and spreads are always the best i can see on myfxbook.

It's really funny that two of the best brokers are not or barely regulated in contrast to some FCA bucket shops!

Do you know when will they offer the new ECN feed? Kevin said they have been testing the new feed for 4 months and the results are good.
Title: Re: FXPig
Post by: TradeNow on July 16, 2014, 04:30:05 PM
i'm really impressed by the customer service of FxPIG again and again. They are incredibly quick, honest and transparent. Just as it should be in an ideal world. (just as Armadamarkets was long times ago). FxPIG is a 100% contrast re customer service to SensusCapitalMarkets i tested 3 months ago and closed all accounts because of incredibly bad customer service. And i don't have to wait for a response for min 3 days as it is the case at FxOPEN AU + UK and sometimes also at ICM.

They processed my 20k deposit in just 1 day and opened me 3 new accounts under HFTGroup.

Trading is running smoothly and spreads are always the best i can see on myfxbook.

It's really funny that two of the best brokers are not or barely regulated in contrast to some FCA bucket shops!

Do you know when will they offer the new ECN feed? Kevin said they have been testing the new feed for 4 months and the results are good.

Yes but if they dissapear for any reason your money is gone. No offend to fxpig only the bitter truth if any non FCA broker dissapear.
If you didnt care about your money all is fine. If you need a bit of security up to 50k FCA is a must.
Always a question of your focus....

br
Mark
Title: Re: FXPig
Post by: cyberryder on July 16, 2014, 04:43:45 PM
One of the last notes i catched is that they are working on a HQ move to a european country and this will go hand in hand with being regulated, but i think Kevin should comment this further.

Re New ECN: Release was announced for this month. I would also be interested to hear a comment from Kevin
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 16, 2014, 05:47:38 PM
A thank you to everyone for the kind words, we do our best to ensure that there is a consistent level of support in all areas of our business. Having one of your clients say thank you makes that effort worth it.

Regarding the EU license we are close, I would say 'end of the summer' or so.

On the new ECN, testing is ongoing but it looks good. May not be this month, but within 60 days seems accurate.

Cheers,
Title: FXPig
Post by: cyberryder on July 16, 2014, 08:09:49 PM
sound good. How is the withdraw duration?

1 day SEPA bank transfer, issueless. But it depends of course a bit from your country. Within EU and with SEPA transfer its very smooth. And if you have an account wirhin Commerzbank Group as i have, its lightning fast, because the polish mBank FxPIG uses as payment processor is also within Commerzbak Group :-)
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 16, 2014, 08:21:32 PM
We also have accounts in Australia as well.

Once we move into the EU we will re establish an account with a provider with accounts in over 30+ countries as well.

Cheers,
Title: Re: FXPig
Post by: cyberryder on July 18, 2014, 11:43:35 AM
executed some 20 Lot scalp trades. good + rapid fills, positive slippage with TP
Title: Re: FXPig
Post by: Dr ea on August 02, 2014, 04:18:05 PM
Why door fox is not performing so well as door ecn?

Will door fox able to have same performance with door ecn?
Title: Re: FXPig
Post by: cyberryder on August 02, 2014, 05:51:44 PM
Why door fox is not performing so well as door ecn?

Will door fox able to have same performance with door ecn?
i wonder you are not issuing your usual broker bashing also here
Title: Re: FXPig
Post by: Dr ea on August 02, 2014, 05:57:52 PM
Why door fox is not performing so well as door ecn?

Will door fox able to have same performance with door ecn?
i wonder you are not issuing your usual broker bashing also here

No. Obviously, im asking about the pamm.
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 03, 2014, 09:26:31 PM
Dr.,

As the system in question, the DOOR, is traded on two distinct feeds, the entry, exit, fill percentage, and the number of trades varies. As a direct result of this the performance will always differ by varying degrees.

We are working to launch our new ECN with updated technology, matching, synthetic liquidity, new routing algos, etc., that we hope will enhance the ECN feed and as well we are also refining the DMA feed in an effort to make that feed more robust.

Overtime we expect both feeds to see similar returns.

Cheers,
Title: Re: FXPig
Post by: Dr ea on August 05, 2014, 01:47:39 AM
Dr.,

As the system in question, the DOOR, is traded on two distinct feeds, the entry, exit, fill percentage, and the number of trades varies. As a direct result of this the performance will always differ by varying degrees.

We are working to launch our new ECN with updated technology, matching, synthetic liquidity, new routing algos, etc., that we hope will enhance the ECN feed and as well we are also refining the DMA feed in an effort to make that feed more robust.

Overtime we expect both feeds to see similar returns.

Cheers,

Door fox is using dma feed which has higher spread? Trade would be lesser and less profitable than door ecn?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 05, 2014, 04:25:01 PM

Actually it is on a completely different feed which was created with a set TOB to match the volumes of the PAMM.

Spread is higher as a result however higher spread has a smaller than expected effect, the main difference comes from tick rate, pricing differences, and the small window of time when this feed sends only indicative pricing around the roll.

Cheers,
Title: Re: FXPig
Post by: Dr ea on August 05, 2014, 04:35:27 PM

Actually it is on a completely different feed which was created with a set TOB to match the volumes of the PAMM.

Spread is higher as a result however higher spread has a smaller than expected effect, the main difference comes from tick rate, pricing differences, and the small window of time when this feed sends only indicative pricing around the roll.

Cheers,

What u trying to explain is that door fox is using higher spread and the performance is poorer than door ecn. Because higher spread trade would not execute the same price as door ecn.
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 06, 2014, 12:07:51 AM

No Dr., if it was a simple spread issue that would be easier to correct.

Spread can effect performance but the system adapts to spread and changes it's entry and exit parameters.

The difference in performance up to today is due to a combination of things as I previously detailed.

Cheers,
Title: Re: FXPig
Post by: Purri on August 06, 2014, 12:19:13 PM
Kevin: who came up with the name "FxPig", and... WHY
Title: Re: FXPig
Post by: s1nda on August 06, 2014, 12:29:27 PM
Kevin: who came up with the name "FxPig", and... WHY

It looks like the first letters of Premier Interchange Gateway
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 06, 2014, 04:41:40 PM

s1nda is correct, it is an acronym.

In this business, well in ANY competitive business, when you start a company you need a niche or an edge or you fall by the wayside. The acronym is crude and perhaps a bit ironic but....it got you to notice it and take the time to comment on it on a public forum. There in is the reason.

Cheers, 
Title: Re: FXPig
Post by: Dr ea on August 07, 2014, 05:28:44 PM

No Dr., if it was a simple spread issue that would be easier to correct.

Spread can effect performance but the system adapts to spread and changes it's entry and exit parameters.

The difference in performance up to today is due to a combination of things as I previously detailed.

Cheers,

The 30% performance fees for door fox is too high for this low returns results and it is not expecting to on par with door ecn. What about reduce to 20%?
Title: Re: FXPig
Post by: Kevin @ FXPIG on August 07, 2014, 06:42:55 PM
Dr.,

Performance fees are set by the trading agent, and while we do push when a change is needed these fees are performance based, so they are relative to the profits earned. Point being that if you make 1% or if you make 100% the performance fees are not less with more return or more with less of a return. Now commissions those are not relative, and will smaller pip gains they can be quite cumbersome. We have lowered the commission on both DOOR accounts for the duration of this 'lull' period and this is far more effective in such a market.

Cheers,
Title: Re: FXPig
Post by: kmf on September 02, 2014, 10:49:29 PM
I just did my first withdrawal from FXPig, and I received my withdrawal in 4 minutes :)

Amazing customer service Kevin @ FXPIG !!

Thanks,

Kevin
Title: Re: FXPig
Post by: viltsu on September 20, 2014, 07:28:18 PM
Hey Kevin,

How are things with the new ECN environment?

Thanks,

Viltsu
Title: Re: FXPig
Post by: Kevin @ FXPIG on September 23, 2014, 10:32:37 PM
Coming along.

Can't give you an exact date but once we are live we will be asking for some beta testers....

Stay tuned as I will post something here when we get there.

Cheers,
Title: Re: FXPig
Post by: mike24 on October 06, 2014, 12:38:10 PM
Hello Kevin, what can you tell me about transparency of your company?
Is it possible to become an post-trade statement where i can see order fill time, who LP fill it and price informations?

thanks
Title: Re: FXPig
Post by: Fraois on October 07, 2014, 03:40:47 PM
Hello Kevin, what can you tell me about transparency of your company?
Is it possible to become an post-trade statement where i can see order fill time, who LP fill it and price informations?

thanks
It's a great idea! It's a popular business model and helps client retention ratio. Maybe Kevin and his crew can find a way to automate this on the new ECN infrastructure, then no need to find trades manually when some trader asks :D
Title: Re: FXPig
Post by: cyberryder on October 07, 2014, 04:09:39 PM
Hello Kevin, what can you tell me about transparency of your company?
Is it possible to become an post-trade statement where i can see order fill time, who LP fill it and price informations?
thanks
did GP hire you?  8)
Title: Re: FXPig
Post by: mike24 on October 07, 2014, 09:59:21 PM
What you mean? sorry but my english is not so good
I have never seen so low spreads like FXPIG deliver just FXOpen have similar, thatīs why i will open an account by PIG.

Title: Re: FXPig
Post by: Kevin @ FXPIG on October 08, 2014, 12:19:58 AM
Hello Kevin, what can you tell me about transparency of your company?
Is it possible to become an post-trade statement where i can see order fill time, who LP fill it and price informations?

thanks

Sure, we have provided this to clients in the past. To play Devil's Advocate here, it is almost meaningless in the scope of things as a FIX message can be easily manipulated or faked, after all it is just a plain text read out, and no LP will verify with you, the end user, if they filled your trade.

In regards to automation; this is being automated in our new client portal. The client funds the trade they have a question on, click a button, and viola, the FIX confirmations are displayed.

Cheers,
Title: Re: FXPig
Post by: forex4life on October 08, 2014, 12:30:56 AM
Hi,
Can we have here an example of such FIX message?
Thanks
Title: Re: FXPig
Post by: Kevin @ FXPIG on October 08, 2014, 03:22:44 AM
Sure, there are actually a few scattered around this thread:

Order:   19419
ID:   ABCHBW2800004562
Related ID:   
Cust Order ID:   MT4-TP2038481-2014.10.7-22:25:20
CP Order ID:   AAGJJwAAAAJfnc5H
User ID:   9999
Department ID:   3
Company ID:   2
Created:   Tue Oct 07 2014 17:25:19 GMT-0500 (CDT)
Symbol:   EURJPY
Type:   MARKET
Side:   BUY
Quantity:   270000
Price:   136.91100
Stop Px:   N/A
State:   FILLED
Leaves:   0
Notes:   
Market:   LIVE_MRKT_LMAX (1016)
Destination:   LIVE_DEST_LMAX (20)
Account:   LMX-001-LIVE_LMAX


33323   NEW   C2yegAAAAAKgnvJr   Tue Oct 07 2014 17:25:19 GMT-0500 (CDT)   0.00000           N/A           OPEN   0.00000      270000   
33324   TRADE   C2yegAAAAAKgnvJs   Tue Oct 07 2014 17:25:19 GMT-0500 (CDT)   136.91400   270000   FILLED   136.91400   270000   

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on October 08, 2014, 03:24:35 AM
This is actually a readout of the raw FIX log, as I am not on a computer than can access our OMS at the moment, but it gives you an idea of the available information.

Cheers,
Title: Re: FXPig
Post by: Fraois on October 08, 2014, 05:46:59 PM
Hey Kevin,

Glad to see post-trade transparency can be accessed easier on the new feed.

Are you planning to launch the new ECN feed demo for a test drive? I believe many Donna members here can offer you great advice before a live beta is rolling out. Treat the demo as if it's "real" with no ticks update delay, commissions included, x-connect with Beeks etc. Even traders using other brokers will be interested to test this feed out especially they're around NY and compare with their original feeds. Maybe we can help spot some possible problems like tick update latency, gaps, glitches, off-quotes, other technical errors before it goes fully live.
Title: Re: FXPig
Post by: mike24 on October 08, 2014, 06:16:24 PM
Thank you Kevin for answearing.
Title: Re: FXPig
Post by: Kevin @ FXPIG on October 09, 2014, 12:18:48 AM
Fraois,

For sure...

In fact I will post here as soon as the new ECN is fully operation and the demos are live. In reality you could open a new ECN demo now via our DMA platform, but the routing rules are not 100% completed and we are working on fine tuning this and a few other things within the core functionality of the OMS. Our new DMA feed is currently live and is actually out performing the current ECN on many levels. The one thing the ECN still wins on is tick count, but the new DMA is beating it elsewhere, even on spreads.

At any rate once we need some beta testers I will let everyone know, thanks for the post.

Cheers,
Title: Re: FXPig
Post by: Fraois on October 09, 2014, 11:35:16 AM
Fraois,

For sure...

In fact I will post here as soon as the new ECN is fully operation and the demos are live. In reality you could open a new ECN demo now via our DMA platform, but the routing rules are not 100% completed and we are working on fine tuning this and a few other things within the core functionality of the OMS. Our new DMA feed is currently live and is actually out performing the current ECN on many levels. The one thing the ECN still wins on is tick count, but the new DMA is beating it elsewhere, even on spreads.

At any rate once we need some beta testers I will let everyone know, thanks for the post.

Cheers,

Hi Kevin,


Is the new DEMO in San Jose or in NY4?
Title: Re: FXPig
Post by: Kevin @ FXPIG on October 09, 2014, 05:02:09 PM
The new demo is within our Equninx NY7 and Savvis NJ2 Virtual Private Data Center setup.

Cheers,
Title: Re: FXPig
Post by: Fraois on October 11, 2014, 08:33:34 AM
The new demo is within our Equninx NY7 and Savvis NJ2 Virtual Private Data Center setup.

Cheers,

So there are 2 demos?
1 new DMA demo & 1 new ECN demo?
Title: Re: FXPig
Post by: Kevin @ FXPIG on October 12, 2014, 01:43:50 AM
Correct, the new DMA demo is live now and the new ECN demo as well, but we are still working on the routing so it isn't quite ready for beta testing (the ECN).

Cheers,
Title: Re: FXPig
Post by: viltsu on November 13, 2014, 06:27:49 AM
Kevin,

How the ECN-testing is going? Any ETAs when the new ECN environment is available? Also question about the DOOR, is the DOOR FOX coming for EUR-currency or is it going to stay as USD-only? 

Thanks,

Viltsu
Title: Re: FXPig
Post by: Kevin @ FXPIG on November 14, 2014, 06:51:16 PM
Viltsu,

The new ECN is still in test mode, but I suspect before the holiday's it will be ready, say mid-December, at least for some live beta testing. Have you tried our new DMA feed? It is completely revamped and has been performing VERY well. Liquidity is there, spreads are tighter than the current ECN, and the average slip is a very manageable 0.2 pips.

The DOOR PAMMs will be staying USD only as in order to offer a new currency base we need to then hedge our risk on the currency fluctuations against the USD as all of our main LP accounts are held in USD. Currently this isn't commercially viable. Actually both DOOR PAMMs will most likely be closed next week as we evaluate fills on market orders vs. limit orders. We have invited some clients to move from the ECN to the DMA feed in order to balance both accounts for a more effective test, which should last a few weeks.

Cheers,
Title: Re: FXPig
Post by: viltsu on November 16, 2014, 06:43:38 PM
Kevin,

I would use DMA by no means but the USD only is the no for me since I'm from Finland.

I wish someday you would offer EUR based accounts in all the feeds.
Title: Re: FXPig
Post by: Tempestshade on November 16, 2014, 07:04:36 PM
DMA in CAD would be fantastic!
Title: Re: FXPig
Post by: Kevin @ FXPIG on November 17, 2014, 05:24:33 PM
EUR accounts on our DMA feed should be announced before the end of the year.

As far as CAD....

Well, if we can get a minimum of 250k in accounts that ask for CAD we will enable it. As of today I think we may have had one or two other requests.

Cheers,
Title: Re: FXPig
Post by: Tyler on November 18, 2014, 09:25:54 AM
Hi Kevin,
what's your average spread and commission on gold? Myfxbook report a misleading number I think.
http://awesomescreenshot.com/0e03vc19c5 (http://awesomescreenshot.com/0e03vc19c5)
Title: Re: FXPig
Post by: Kevin @ FXPIG on November 18, 2014, 03:32:21 PM
That is a bit misleading...

Right now on the DMA I see 12 cents and on the ECN 8 cents.

Cheers,
Title: Re: FXPig
Post by: Tyler on November 18, 2014, 03:37:03 PM
8/12 is the commission I think, what about the spread?
Thank you.
That is a bit misleading...

Right now on the DMA I see 12 cents and on the ECN 8 cents.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on November 18, 2014, 03:40:37 PM
No that was the current spread on GOLD.

Cheers,
Title: Re: FXPig
Post by: kmf on November 19, 2014, 05:28:53 PM
Kevin,

Is there a problem with the Market Watch on the DMA feed. Price is not changing for quite awhile now.
Title: Re: FXPig
Post by: Kevin @ FXPIG on November 20, 2014, 03:11:06 AM

We had our quote feed fallout today for a bit due to a FIX message structure change at our PB on our DMA feed.

While quotes were not streaming trades were still being executed as the actual trading connection was open and functioning. It took us about 30 minutes to find and isloate the issue and rewrite some code to accept the new FIX messages.

The issue was resolved and our code has been redone to eliminate this from reoccuring in the future regardless of any related structual changes.

Cheers,
Title: Re: FXPig
Post by: kmf on November 20, 2014, 09:28:09 AM
I would like to thank Kevin for explaining all this to me yesterday while it was happening.

Kevin was very quick in responding on the FXPIG Help Desk. :)

Title: Re: FXPig
Post by: viltsu on November 20, 2014, 12:31:39 PM
I would like to thank Kevin for explaining all this to me yesterday while it was happening.

Kevin was very quick in responding on the FXPIG Help Desk. :)
Their helpdesk (Kevin & Sylvain) is by far the best I've experienced. I'm waiting for a new DMA EUR account or new ECN account to deposit my money on them.
Title: Re: FXPig
Post by: Kevin @ FXPIG on November 21, 2014, 05:21:41 AM
Many thanks for the kind words...

EUR accounts on our DMA feed should be ready by next month.

I will let you know once they are up and running....

Cheers,
Title: Re: FXPig
Post by: Okda on November 22, 2014, 01:13:34 PM
I am a customer at fxopen and I usually trade gold
Their spread increased during the last week from average of 3.2 pips to 6 pips during most of the day
May I know the current average spread for Gold from Fxpig?
Is the spreads showing in demo is the same as real ecn accounts?
Title: Re: FXPig
Post by: Kevin @ FXPIG on November 24, 2014, 01:53:10 AM
On our new DMA the current spread is 16 cents...The average is around the same, I will check our servers and get back to you on this.

Cheers,
Title: Re: FXPig
Post by: Okda on November 24, 2014, 11:17:45 AM
i sent you detailed msg on skype, wil you be available there anytime soon ?
Title: Re: FXPig
Post by: Kevin @ FXPIG on November 24, 2014, 05:14:18 PM
Okda,

I do not see any messages from you on skype....

Cheers,
Title: Re: FXPig
Post by: Highlander on November 26, 2014, 03:55:10 PM
Kevin, did you cut leverage for eur/chf? whats happened with it?
Title: Re: FXPig
Post by: Kevin @ FXPIG on November 26, 2014, 04:43:51 PM
Highlander,

We did, on our DMA feed only, due to an across the board correction from all our connected LPs.

The ECN however has not yet seen a change.

Cheers,
Title: Re: FXPig
Post by: semaj on December 05, 2014, 07:37:04 AM
It seems the response of my MT4 is getting sluggish, anyone got the same phenomenon?
Title: Re: FXPig
Post by: Kevin @ FXPIG on December 05, 2014, 07:13:17 PM
Semaj,

What do you mean by sluggish? And is this on our DMA or ECN feed?

Cheers,
Title: Re: FXPig
Post by: kmf on December 05, 2014, 10:40:57 PM
It seems the response of my MT4 is getting sluggish, anyone got the same phenomenon?

My FXPig DMA feed is working great.
Title: Re: FXPig
Post by: Okda on December 05, 2014, 11:45:42 PM
Mine too
Title: Re: FXPig
Post by: JonnoB on December 07, 2014, 08:25:05 PM
Hi Kevin,

Just wondering if there is a way to get access to live L2 information. I assume it would be an API type account with FIX access. If so is there a minimum deposit needed?

I have just noticed the SynergyFX ad saying they don't B-Book. I'd say it is credit to you that it is even mentioned. I bet your open discussion has made a lot of brokers nervous.

Thanks.
Title: Re: FXPig
Post by: Kevin @ FXPIG on December 08, 2014, 01:28:49 AM
JonnoB,

Yes we can get you level II data.

We will be releasing a MT4 plugin after the holidays which will show depth, and you can get the info over FIX as well. There is no minimum deposit per say, you just need to be an active client of ours.

Cheers,
Title: Re: FXPig
Post by: semaj on December 08, 2014, 04:01:26 AM
Semaj,

What do you mean by sluggish? And is this on our DMA or ECN feed?

Cheers,

Dear Kevin,

Thank you for your reply. It is ok now.

Regards,

semaj
Title: Re: FXPig
Post by: viltsu on December 08, 2014, 05:45:07 AM
Hi Kevin,

Are the DMA EUR accounts ready? If not, do I get the message when they are, I'm on your mailing list.

Thanks,

Viltsu
Title: Re: FXPig
Post by: Kevin @ FXPIG on December 08, 2014, 05:11:38 PM
Viltsu,

Not yet, but everything is in place we just need to verify the routing is working correctly. I believe they will be launched before the end of the year.

And yes, you will get a notification via one of our newsletters.

Cheers,
Title: Re: FXPig
Post by: Tyler on December 19, 2014, 08:50:07 AM
I have had accounts with some brokers but I must say that the support service at FxPig is not even comparable with others, Kevin and Sylvain are always quick with answers (normally within minutes), efficient and professional. The technological infrastructure is almost perfect, never had a freeze, best broker IMHO.
Cheers.
Title: Re: FXPig
Post by: viltsu on December 19, 2014, 09:10:55 AM
Kevin,

What's the situation with the DMA EUR accounts? Any updates?
Title: Re: FXPig
Post by: cyberryder on December 19, 2014, 02:06:50 PM
I must say that the support service at FxPig is not even comparable with others, Kevin and Sylvain are always quick with answers (normally within minutes), efficient and professional.
i agree. I tested around 10 brokers last 3y. If you want top-notch service, there is no other than FxPIG. Others are not even close.
Title: Re: FXPig
Post by: iwillsurvive on December 20, 2014, 06:55:57 AM
I have had accounts with some brokers but I must say that the support service at FxPig is not even comparable with others, Kevin and Sylvain are always quick with answers (normally within minutes), efficient and professional. The technological infrastructure is almost perfect, never had a freeze, best broker IMHO.
Cheers.

I think they sleep infront of their computers :D
Title: Re: FXPig
Post by: Kevin @ FXPIG on December 22, 2014, 08:04:45 PM
EUR based DMA accounts should be available right after the new year, final testing is going on now.

Cheers,
Title: Re: FXPig
Post by: mike24 on December 29, 2014, 05:10:34 PM
Hello, what is the better choice for scalping, ECN or DMA?
Recently i look to the DMA Demo account and the spread is now also low as the ECN.

Trades lengh about 8pips and size 4lot.

Thankīs
Title: Re: FXPig
Post by: TradingSafe on December 29, 2014, 08:44:36 PM
When are you going to get fully regulated? I think the FMA deadline is looming.
Title: Re: FXPig
Post by: Kevin @ FXPIG on December 30, 2014, 03:37:05 AM
Mike24,

I would go with the DMA, the new feed is really a solid performer.

Tradingsafe,

The new FMA rules went into effect on December 1st, so currently we cannot accept applications from NZ residents or citizens. We are, and have been for quite some time, in the process of becoming fully regulated. We hope to have everything setup by mid 2015.

Cheers,
Title: Re: FXPig
Post by: corre971 on January 01, 2015, 11:58:19 AM
Mike24,

I would go with the DMA, the new feed is really a solid performer.

Tradingsafe,

The new FMA rules went into effect on December 1st, so currently we cannot accept applications from NZ residents or citizens. We are, and have been for quite some time, in the process of becoming fully regulated. We hope to have everything setup by mid 2015.

Cheers,
Hi,
I could be interested in an account on FX Pig. I think will join Also the Max Profit Pamm and later when the subscription will be again open to the Door Pamm. Where we can watch the spreads from the DMA and the ECN accounts? The DMA allows also 0.01 lots?
Title: Re: FXPig
Post by: kmf on January 01, 2015, 07:28:03 PM
The DMA allows also 0.01 lots?

Yes DMA allows 0.01 lots.

Kevin
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 01, 2015, 08:44:41 PM
Yes the DMA allows 0.01 trades and the spreads for that feed are shown on a widget on every page of our web site. The ECN spreads can be seen under trading conditions >> spread comparison.

Cheers,
Title: Re: FXPig
Post by: corre971 on January 01, 2015, 08:46:11 PM
Yes the DMA allows 0.01 trades and the spreads for that feed are shown on a widget on every page of our web site. The ECN spreads can be seen under trading conditions >> spread comparison.

Cheers,
Many thanks :D
Title: Re: FXPig
Post by: donbon2 on January 01, 2015, 10:31:33 PM
I'll probably line up for a FXPIG Account this Year as well.

When I'm looking at Standard Accounts I Look For

++ Account Processing Speed
++ How fast Emails are Answered
++ Deposit + Withdrawal Methods + Cost Involved
++ Speed of Withdrawals

++ Spread --> Execution ---> Do my EA's work well with the Broker.

So hopefully all that comes through and works well here.

all the best.
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 01, 2015, 10:56:13 PM

++ Account Processing Speed

I dont think we have ever had any complaints in this regard...

++ How fast Emails are Answered

This is definitely something we pride ourselves on...

++ Deposit + Withdrawal Methods + Cost Involved

We may be a bit limited here, but we always try and work with our clients to add methods that are suitable for them.

++ Speed of Withdrawals

Same day processing 99% of the time...

----

If you have any Q's feel free to post them here or get in contact with us via our Help Desk.

Cheers,
Title: Re: FXPig
Post by: kmf on January 02, 2015, 01:50:08 AM
Every withdrawal I have made was done within 30 minutes :)

Great customer service :)
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 08, 2015, 03:08:26 AM
FYI - GBP and EUR based DMA accounts are now active.

An official announcement will be made this weekend.

SGD and AUD will be available next week.

cTrader will also be launched this weekend....

Cheers,
Title: Re: FXPig
Post by: rodneyp on January 11, 2015, 07:07:15 AM
Hello Kevin

Can you please tell me which MAM software FXpig uses.

Cheers

Rodney
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 11, 2015, 07:03:37 PM
Our MAM software is based (built off of) on the UMAM tool sold by www.tools4brokers.com (http://www.tools4brokers.com)

Cheers,
Title: Re: FXPig
Post by: rodneyp on January 11, 2015, 11:25:25 PM
Our MAM software is based (built off of) the UMAM tool sold by www.tools4brokers.com (http://www.tools4brokers.com)

Cheers,

Thanks Kevin
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 16, 2015, 12:03:54 AM
As others have posted today...WOW, the SNB move clearly had it's way with the market and leaves most players speculating what the ECB has up it's sleeve that would push them to act now.

We raised our CHF margin requirements last month and that move, which was prompted due to our internal risk procedures and many of our LPs taking similar action, saved us from any real damage today.

All in all we fared well with only a small amount of negative client account balances, however we are waiting on amended prices to see where those accounts stand before we really take note of the true effect.

Essentially it is business as usual and our feeds maintained connectivity throughout.

Most of our clients pulled out of the CHF some time ago, and I am sure they are counting their blessings at this moment. We did not see to many shorts but those that were on the long side on CHF did well obviously, those on the other side...well let's say it was a very difficult day in that respect.

If anyone has an affected trade feel free to reach out to us, though I believe we have already collected all the data on all trades that may need an amendment and those have been officially contested at the PB or LP level.

Cheers,
Title: Re: FXPig
Post by: fxsteff on January 16, 2015, 07:47:51 AM
Very foresightful move to raise the margin requirements. One question though. I saw that spreads on other pairs very pretty terrible yesterday at times (e.g EURUSD, GBPUSD 4-5 pips). You usually have excellent tight spreads. Can you comment on what was the issue for that?
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 16, 2015, 03:40:35 PM
Our LPs and prime brokers and the banks who essentially price these entities are simply reacting to the historic SNB event. Liquidity is thin and risk is off market wide.

Spreads will come back slowly as liquidity comes back.

Cheers,
Title: Re: FXPig
Post by: forex4life on January 16, 2015, 05:19:38 PM
Kevin,
May I ask you what happened to your customers that had an EURCHF long, with SL 50 pips ? With SL 300 pips?
Thanks
Title: Re: FXPig
Post by: supertrader on January 16, 2015, 05:22:34 PM
I can tell you laready they got slipped of course like the rest of the market.
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 16, 2015, 05:29:36 PM
That question is really impossible to answer.

We had clients get stopped out within 30 seconds of the release within reason, say 20 pips or less, but others who stopped out didn't see a fill for 1000 or more pips, some seeing fills around 3000 to 4000 pips below on USDCHF and EURCHF.

This type of move, a so-called 'black swan' event, has never been seen before in this market, it is unprecedented. As soon as the news hit the wire banks and LPs pulled liquidity and the only thing moving the market was triggered stops. The volume of the push caused some LP algos to price CHF pairs almost to zero. This issue is still being amended and many LPs and banks won't have a true bottom pinned for several more days.

FX in general is a 'first come first serve' market when it comes to market orders but with something like this it is almost purely based on the luck of the draw.

Cheers,
Title: Re: FXPig
Post by: geektrader on January 16, 2015, 07:30:20 PM
Still itīs great to see how SO MANY traders out there simply ignored the fact that CHF is just driven by ONE "trader", the SNB. Whenever that one trader decided to change something with their strategy, it was CLEAR what would happen. But greed eats brain and so everyone took the 1.20 level for granted forever and entered new long trades whenever the level came close to 1.20. Stupidity of mankind was being demonstrated one more time yesterday.

And the brokers that have been killed by this have been killed RIGHT SO (Alpari, FXCM, etc.). I remember their pushy emails to trade X lots until date X to get a bonus of blah $. Now they get some of their own medicine.
Title: Re: FXPig
Post by: DrNoob on January 16, 2015, 07:36:58 PM
It is always easy to make such statements afterwards.
So in other words, you have never traded any CHF pair , never ever??

Please.....

Title: Re: FXPig
Post by: geektrader on January 16, 2015, 07:47:32 PM
Not on  my private account, exactly. And especially not EURCHF as the risk / reward ratio was totally bad given the artificial floor. Whenever you entered a long trade at 1.20 there was always a downside risk of several thousand pips whenever the SNB would decide to drop the floor. I have traded USDCHF rarely, but with not much activity lately and had always paused it and closed any trades before SNB descicions.
Title: Re: FXPig
Post by: ochosama on January 19, 2015, 12:37:02 AM
Hello traders,

I am considering opening an account with FXPig and I wonder if anyone here has used their new ctrader platform. any feedback/opinion (execution, slippage, etc) would be greatly appreciated

Thank you
Title: Re: FXPig
Post by: nwboater on January 20, 2015, 01:15:59 PM
Just got this email from FXPIG:

To our valued Clients,

Please be advised, starting tomorrow, the 21st of January 2015 (00:00 Server time (GMT+2)), margin requirements for all EUR based pairs will be increased by a multiplier of 5 over the proceeding 48 hours on both our DMA and ECN pricing feeds. The reason for this decision is based on the likelihood we will see extremely high volatility in the market as a direct result of the planned ECB meeting.

In addition to the EUR based pairs, on our DMA feed we will also be setting the same requirements for all GBP, USD, JPY, and CHF based pairs. Metals will also be adjusted, this includes XAG, XAU, XPD, and XPT.

If you have any open positions on any EUR based pairs on our ECN feed or any EUR, GBP, USD, JPY, CHF, XAG, XAU, XPD, or XPT based pairs on our DMA feed we strongly recommend that you close or at a very minimum partially-close these trades as soon as possible BEFORE the scheduled news release to avoid the possibility of a stop out and/or negative account balance.
Title: Re: FXPig
Post by: mike24 on January 21, 2015, 01:57:09 PM
Also published in their blog, same warning at middle of November 2014 for CHF pairs.
At my opinion it is an exemplary behaviour for an serious broker.

Title: Re: FXPig
Post by: Tyler on January 21, 2015, 02:28:34 PM
yeah I fully agree.
Also published in their blog, same warning at middle of November 2014 for CHF pairs.
At my opinion it is an exemplary behaviour for an serious broker.
Title: Re: FXPig
Post by: rodneyp on January 22, 2015, 01:45:09 AM
Smart move by FXPIG to change leverage, looks like all the reputable brokers are now doing this. Good move Kevin, it shows your firm will be one of the last ones standing.
Title: Re: FXPig
Post by: oliwand on January 23, 2015, 04:00:32 PM
@Kevin FxPig
Hello,
I'm looking for a new broker and I trade with megadroid, scalper asian session on EUR/USD and I would like to know which of your ECN or DMA is the most appropriate in my situation ?

Thanks
Title: Re: FXPig
Post by: oliwand on January 23, 2015, 04:48:41 PM
@ Kevin

I've another question: I'm interested in suscribing to your PAMM account and I would like more info about it. On your fxpig site, there is a few info but not all, as currencies traded, auto/manual strat or mixed, ....

Thanks
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 23, 2015, 06:24:32 PM
DMA is most likely better suited currently.

Which PAMM are you referring to? We do not manage any PAMMs directly, and several are traded on our feeds.

Cheers,
Title: Re: FXPig
Post by: Eric on January 23, 2015, 07:10:14 PM
Hi Kevin,

Are the following available:

1) http://www.fxpig.com/index-page=mini_managed.aspx.html (http://www.fxpig.com/index-page=mini_managed.aspx.html)

2) http://fts.fxpig.com/ (http://fts.fxpig.com/)

3) http://fxpig.com/blog/?p=320 (http://fxpig.com/blog/?p=320)

Title: Re: FXPig
Post by: Kevin @ FXPIG on January 23, 2015, 07:44:35 PM
Eric,

1. The DOOR ECN is closed to new deposits
2. FTS is no longer trading
3. Euronis was halted sometime ago but may be relaunched shortly

Currently we have the Blue Sapphire and the MAX PROFIT PAMMs operating and open, see here:

http://stats.fxpig.com (http://stats.fxpig.com)

Cheers,
Title: Re: FXPig
Post by: Efx123 on January 23, 2015, 09:29:28 PM
Kevin, which PAMM software do you use?
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 23, 2015, 09:52:42 PM
The software, well the core of the software, is built off of the UMAM solution from tools4brokers.

In our soon to be launched client portal we have built out many different filters/options around the current core.

Cheers,
Title: Re: FXPig
Post by: bradleyfx on January 23, 2015, 09:56:24 PM
Some "rodneyp" said in the forum here that you are b-booking. I understand that he works for IC Markets and they have some major issues with clients but still, what are your comments?
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 23, 2015, 10:04:55 PM
Well all I can say is we don't b-book. Every trade is sent out to a counterparty. We don't have any internal risk or trade desk, so if we did b-book it would be a mircle we are still here after 4 years.

If we did we would be open about it as we are with every other aspect of our business.

Cheers,

Title: Re: FXPig
Post by: user456 on January 23, 2015, 10:16:59 PM
Some "rodneyp" said in the forum here that you are b-booking. I understand that he works for IC Markets and they have some major issues with clients but still, what are your comments?

pretty sure he did not say this. Can you point me to that quote?
Title: Re: FXPig
Post by: bradleyfx on January 23, 2015, 10:32:59 PM
Yeah, you are right http://www.donnaforex.com/forum/index.php?topic=13724.msg330751#msg330751 (http://www.donnaforex.com/forum/index.php?topic=13724.msg330751#msg330751)

Next comment was from Ody about FXpig so I had a wrong impression.
Title: Re: FXPig
Post by: odysseus11 on January 23, 2015, 11:25:49 PM
For anyone that reads this:

As nothing more than a full-time trader user before managing Donna Forex, I had significantly sized live accounts with Kevin for several years (only closed recently because with so much non-trading work, I wanted to re-allocate most cash into other holding vehicles, as I have little time to actively trade). When I begin actively trading again (as I plan to eventually), I will open with him again.I have *never* had live accounts as a trader that were handled in a more professional way, from executions to pricing to service. Never. And if you read any posts here for any length of time, you will quickly see that Kevin is flat out one of the most knowledgeable people in the industry, to boot. So if you doubt him, take it from me as a professional user (and no, I'm not an IB or agent in any way), dont. Top notch. And if he says he doesnt run a book, he doesnt.

I know others here have said it already, but its true.
Title: Re: FXPig
Post by: rodneyp on January 23, 2015, 11:26:36 PM
Some "rodneyp" said in the forum here that you are b-booking. I understand that he works for IC Markets and they have some major issues with clients but still, what are your comments?

LOL !!!
Title: Re: FXPig
Post by: nwboater on January 24, 2015, 01:31:10 AM
Some "rodneyp" said in the forum here that you are b-booking. I understand that he works for IC Markets and they have some major issues with clients but still, what are your comments?

LOL !!!

This is getting really good! As I gather from reading the Forum one of you works for Tickmill and the other for IC Markets - or something like that. It's great that we are getting such outstanding broker representation here.

I'm going into the weekend with a chuckle and that's a good thing after such a crazy week!

Thanks guys.  :)

Cheers,
Rod
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 24, 2015, 06:30:49 AM
For anyone that reads this:

As nothing more than a full-time trader user before managing Donna Forex, I had significantly sized live accounts with Kevin for several years (only closed recently because with so much non-trading work, I wanted to re-allocate most cash into other holding vehicles, as I have little time to actively trade). When I begin actively trading again (as I plan to eventually), I will open with him again.I have *never* had live accounts as a trader that were handled in a more professional way, from executions to pricing to service. Never. And if you read any posts here for any length of time, you will quickly see that Kevin is flat out one of the most knowledgeable people in the industry, to boot. So if you doubt him, take it from me as a professional user (and no, I'm not an IB or agent in any way), dont. Top notch. And if he says he doesnt run a book, he doesnt.

I know others here have said it already, but its true.

Appreciate this Odysseus. When you are ready to jump back in the saddle we will be here to assist. PS - If Synergy gets tired of this sponsoring gig let me know :)

Cheers,
Title: Re: FXPig
Post by: bradleyfx on January 24, 2015, 08:24:29 AM
Yeah, that was my whole point. Kev and FXPig are cool.
Title: Re: FXPig
Post by: Okda on January 29, 2015, 08:48:32 AM
being able to chat directly with the CEO is really something
sure the results are not always as you hoped for , but this is another assurance that those guys are serious and not market makers that will agree on everything just to have your cash
Title: Re: FXPig
Post by: expertrader on January 29, 2015, 02:21:03 PM
Hi Kevin.

I was an old customer of you 2 or 3 years ago, but I switched to FXOpen because I saw that the feed was exactly the same, servers were exactly the same, and even I could log in with FXPig credentials in FXOpen Metatrader and vice-versa. Commissions in FXOpen were lower and there was the AU ASIC regulated branch, so I decided to make the move. But apart from that I was very happy about your service, speed of response and your active presence in forums.

Now I see FXOpen is artificially widening their spreads since december and I've just seen that in your web, your shown spreads are much lower. I've downloaded your Metatrader and tested both ECN and DMA feeds using a demo account. I've found out that your DMA feed is very good and it looks totally RAW, just like Sensus Capital in the beginning and FXOpen until December.

I'm thinking seriously to move all my funds and my customers' to FXPig seeing your good and very professional behavior. Also I'd like to know that I won't find spread paddings or other dirty tricks other brokers do to literally steal silently money from their customers.

Does your DMA demo account has the same feed as your real account? I'm really interested.

Thanks.
Title: Re: FXPig
Post by: Okda on January 29, 2015, 04:28:14 PM
i did so during last December


i was an fxopn ecn customer, after the spreads issue i moved a small amount to fxpig dma to test it and i was very satisfied that i moved the rest of my money by the start of the year

and by the way fxpig's ecn is still offering the same trading conditions like fxopen's ecn, so stick to the dma
Title: Re: FXPig
Post by: expertrader on January 29, 2015, 06:19:11 PM
i did so during last December


i was an fxopn ecn customer, after the spreads issue i moved a small amount to fxpig dma to test it and i was very satisfied that i moved the rest of my money by the start of the year

and by the way fxpig's ecn is still offering the same trading conditions like fxopen's ecn, so stick to the dma

Ok, thanks for the info!
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 30, 2015, 08:11:49 AM
Expertrader,

When we first launched the ECN feed in 2011 it was comprised of only FXO's prices as it was initially a WL setup, however within a few months we made a deal with what is now Soft FX to allow us to connect our own LPs directly to the aggregation. They however maintained the server (as you noted, this server and IP range was also used by FXO) and most of the technical environment from their side.

Currently we are in Alpha testing on a new ECN built on our own in-house OMS and aggregation/matching engine. Our new DMA is a much improved feed through our new PB and it has been outpacing the current (old) ECN for quite some time.

We do not employ markups or otherwise modify the ticks and pricing we receive from our LPs. Everything is RAW.

If you want to open an account go ahead and submit an application. We can start you at 2.5 per 100k.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on January 30, 2015, 08:30:30 AM
Sorry I missed a key question from your post; our demo is an exact copy, in terms of pricing, from our live environment, the prices are pulled directly from a live account on our live server.

Cheers,
Title: Re: FXPig
Post by: expertrader on January 30, 2015, 11:58:44 AM
Hi Kevin, thanks for the info.

I've also used SoftFX libraries to develop a tick data downloader to properly backtest my EAs  ;)

I will start my application right now! Thanks for the deal!
Title: Re: FXPig
Post by: ak386 on January 31, 2015, 12:21:26 AM

If loosing investors money equates to a scam then just about every high profile investment manager from Buffet to Paulson and down the line are guilty of the same 'crime'.

Investment carries risk, sometimes, actually MOST of the time, losses are incurred. There is nothing sinister or criminal about losses in leveraged trading, it is a reality.

On to the regulation comment; NZ is a stepping stone for us. As a small boutique outfit we didn't have the capital necessary to acquire a license from the EU or UK starting out. Our internal compliance is already on par with MiFD standards the ONLY difference is we don't hold the minimum capital requirements as needed under EU legislation. Being 100% STP and the fact we do not hold client funds really does set us apart from the standard regulation categories anyway. However we have made the initial step to regulate ourselves in the EU, which via the MiFD rules will eventually passport us into the UK.

Regulation is not difficult, it is not expensive, the ONLY thing that separates an honest regulated broker in the EU, USA, UK from an honest broker who is domiciled elsewhere is minimum capital requirements. Regulation is not a clean bill of health for any company, look at MF-Global, the latest is an ever growing number of 'regulated' companies that continually allowed unethical and illegal operations to occur under it's watch.

Precisely transparent and honest in words, I like your corporate image.
FXPIG has secured future with these principles.
Most importantly, show his face to customer problems.
congratulations!!
Title: Re: FXPig
Post by: ak386 on February 02, 2015, 04:27:14 PM
Hi Kevin, I see 2 spread in same time,

What is real spread?
What is the difference?
Title: Re: FXPig
Post by: corre971 on February 02, 2015, 04:32:59 PM
Hi Kevin, I see 2 spread in same time,

What is real spread?
What is the difference?
In the widget u can see the DMA account spread, in the Myfxbook the ECN spread comparison with other brokers
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 02, 2015, 05:27:16 PM
Correct...

On the web site widget you see only the DMA spread which myfxbook does not list. We have asked for it to be included, but as of today we are still waiting.

Cheers,
Title: Re: FXPig
Post by: inspira on February 03, 2015, 05:58:39 AM
FYI - GBP and EUR based DMA accounts are now active.

An official announcement will be made this weekend.

SGD and AUD will be available next week.

cTrader will also be launched this weekend....

Cheers,

Hi Kevin,

Are AUD based DMA accounts now available? If not do you have an estimated time?

Thanks
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 03, 2015, 10:29:57 PM
Not yet. Given the SNB event this was kind of placed on the back burner.

I hope to revisit this by the end of the month.

Cheers,
Title: Re: FXPig
Post by: ahtiong on February 05, 2015, 07:36:16 AM
Expertrader,

When we first launched the ECN feed in 2011 it was comprised of only FXO's prices as it was initially a WL setup, however within a few months we made a deal with what is now Soft FX to allow us to connect our own LPs directly to the aggregation. They however maintained the server (as you noted, this server and IP range was also used by FXO) and most of the technical environment from their side.

Currently we are in Alpha testing on a new ECN built on our own in-house OMS and aggregation/matching engine. Our new DMA is a much improved feed through our new PB and it has been outpacing the current (old) ECN for quite some time.

We do not employ markups or otherwise modify the ticks and pricing we receive from our LPs. Everything is RAW.

If you want to open an account go ahead and submit an application. We can start you at 2.5 per 100k.

Cheers,

So fxpig is a wl of fxopen and later change to another wl of another company? Fxpig is always a wl of an fx big firm. Then the mt4 login of fxopen and fxpig account still can interchange.
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 06, 2015, 05:11:19 PM
Actually that is incorrect.

Initially when we approached FXOPEN to use their liquidity they had no way to get us their feed other than via a WL, thus we were a standard WL of FXO for a short time on our ECN feed. Once they were able to actually offer a liquidity solution, forming a separate tech based entity to do so, we began to add in our own LP connections via FIX gateways into that same shared FXOPEN server, hosted and managed by this other entity. While the tech on the ECN server is not ours, the liquidity is as well as the management of said liquidity.

Our current DMA feed is on our own infrastructure, a unique OMS system with aggregation and matching built on java using JMS and jBoss containers. We are currently building out this solution and we will launch a brand new, fully in-house managed ECN in the coming months.

In the end ALL STP brokers white label liquidity, they may aggregate and filter it, but it's not theirs.

The STP business is about giving your clients better service, better pricing, and a more customized experience regarding both the liquidity they trade on and the service they are offered.

Cheers,
Title: Re: FXPig
Post by: ahtiong on February 06, 2015, 05:27:43 PM
Thanks for clearing my doubts!

Can you request fxviper to open a pamm at fxpig with minimum of usd 500?
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 06, 2015, 05:40:26 PM

We normally do not contact traders directly.

I will have a look to see what the system looks like to better understand if our feeds are a good fit.

IF that is the case and the system looks promising we will reach out to the trader IF possible.

Cheers,
Title: Re: FXPig
Post by: ahtiong on February 06, 2015, 05:46:15 PM
He is a manual trader and has been profitable but i dun know why he need to seek nick while he can just open pamm at fxpig which is a true genuine forex broker. You can just reach out to him as you can see his stats and suit fxpig for sure.
Title: Re: FXPig
Post by: Tempestshade on February 06, 2015, 05:47:55 PM
I assume that viler has an agreement with Nick that he won't open any competing managed accounts.

Just a guess...
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 06, 2015, 05:58:17 PM
That may be the case.

Without really knowing how the system trades we would require it to operate on our feeds for a minimum of 3 months before we allowed client funds to be deposited.

I will leave it to them to contact us should they be interested. I am sure we can match or beat any offer they currently have elsewhere, but I have never been a fan of cold calling clients, I am more in the school of ' if you build it, they will come'.

Cheers,
Title: Re: FXPig
Post by: DrNoob on February 06, 2015, 08:41:49 PM
Hey guys,

Is that correct that the ecn account only allows a minimum of 0.1 lot per trade
And the dma account 0.01?

Wondering because in the site they explaining dma would be for
institutional and prof traders and the ecn for smaller retail traders.

Is it possible to see the market depth inside mt4?


Cheers
Title: Re: FXPig
Post by: tcc97 on February 07, 2015, 07:42:31 AM
yes, fxpig ecn acc stats at min of 0.1 lot. i have a live ecn acc with them.

i am not sure about the dma though, however i believe you are right abt the min lot size of 0.01 lot.

cheers,  tcc97
Title: Re: FXPig
Post by: DrNoob on February 07, 2015, 07:50:45 AM
Thanks for that.

Maybe Kevin can shed some shed into this.
When I read the ecn/dma description i get the feeling
that the dma liquidity is better than the ecn liq.
at least it sounds so.

Can anyone confirm to have a market depth function inside
Mt4?

Cheers
Guys
Title: Re: FXPig
Post by: JJ-FX on February 07, 2015, 11:45:44 AM
As I understand it, the DMA feed provides the deeper liquidity and can handle large institutional orders while the ECN feed provides slightly better spreads but not the same liquidity. The "price" for the better spread is the higher minimum lot size because the liquidity providers attached to the ECN feed don't accept smaller orders.
Title: Re: FXPig
Post by: Tempestshade on February 07, 2015, 12:26:28 PM
I am on the DMA feed and I trade 0.01 lots regularly.

Cheers,
David
Title: Re: FXPig
Post by: DrNoob on February 07, 2015, 12:44:12 PM
So can you see the market depth inside MT4?

Actually I want something like this.

http://gkfxecn.com/ecn/market_depth.html#video (http://gkfxecn.com/ecn/market_depth.html#video)

Cheers
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 07, 2015, 07:22:05 PM
The new DMA actually beats the ECN on spread...

DMA does have better liquidity at TOB (top of book) on most pairs, and while there are less overall liquidity tiers coming in, the tiers are normally tighter or closer together, thus slippage is better controlled even on orders that 'sweep the book' do to their size.

The DMA does allow for 0.01 size orders.

We do have a depth tool, but it is being reconfigured as we are building out our OMS. I believe we will launch it in the next 60 days.

Cheers,
Title: Re: FXPig
Post by: kmf on February 10, 2015, 09:07:57 PM
Hi Kevin,

Any update on when the new website and client area will be launched?

Thanks..
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 10, 2015, 10:39:43 PM

No solid date, but there is a lot of work going on.

I will have a better idea by the end of the month.

Cheers,
Title: Re: FXPig
Post by: HFT Group on February 10, 2015, 10:41:41 PM
I can confirm excellent spreads and good execution on new DMA feed plus 0.01 lot trade size is great for smaller account balances  :D
Title: Re: FXPig
Post by: hanscafe59 on February 15, 2015, 03:27:03 AM
The new DMA actually beats the ECN on spread...

DMA does have better liquidity at TOB (top of book) on most pairs, and while there are less overall liquidity tiers coming in, the tiers are normally tighter or closer together, thus slippage is better controlled even on orders that 'sweep the book' do to their size.

The DMA does allow for 0.01 size orders.

We do have a depth tool, but it is being reconfigured as we are building out our OMS. I believe we will launch it in the next 60 days.

Cheers,
kelvin, for scalper what type of acct is better DMA or ECN? Occasionally News trading take place but no NFP trading strictly. Lot size std. lot.
thx
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 16, 2015, 06:36:54 PM
At this point in time I would have to say the DMA. The new feed is quite well put together and the average slip is lower than the ECN, as well as the spreads.

Cheers,
Title: Re: FXPig
Post by: drodgytrader on February 17, 2015, 01:46:24 AM
Hi FXPig,

I'm thinking about opening an account and trading via API, what are your minimum account sizes for an API feed?

Thanks,
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 17, 2015, 10:03:10 AM
The normal minimum required for an API connection is 50k.

Cheers,
Title: Re: FXPig
Post by: juanefex on February 20, 2015, 03:56:00 PM
Hello Kevin, if I may ask it... when you launch the new ECN in the coming months, what would be the minimum volume? Will it accept microlots from 0.01?
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 22, 2015, 04:02:02 PM

We expect the new ECN will be able to handle 0.01 trades on launch due to a new aggregation of main LPs on the feed.

Cheers,
Title: Re: FXPig
Post by: aagarcia on February 22, 2015, 05:28:50 PM
You will not find a better broker than FXPIG.  Their DMA feed is EXCEPTIONAL AND THEY ARE AS HONEST AS THEY COME.
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 22, 2015, 10:00:40 PM
@aagracia...

Many thanks, we always push to give our clients the best we can, whether it be on the technology side of the business, or the support side. It's not easy being honest sometimes as many people assume you're dishonest from the start.

MUCH APPRECIATED....

Cheers,
Title: Re: FXPig
Post by: donbon2 on February 22, 2015, 10:05:32 PM
that is a good point Kevin -- alot of us have had bad experiences with Brokers in the past + just recently if you traded CHF chances are you had another bad experience.

it is the nature of this industry unfortunately.
Title: Re: FXPig
Post by: kmf on February 22, 2015, 10:56:45 PM
@ Kevin@FXPIG,

Could you please check out this thread and give us an update if you can.

http://www.donnaforex.com/forum/index.php?topic=13304.msg333546#new (http://www.donnaforex.com/forum/index.php?topic=13304.msg333546#new)


Thanks..
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 22, 2015, 11:52:14 PM
Yes, we had a board meeting in Brussels this past week and one of the topics was restructuring our current PAMM system.

I actually just emailed prof. and I expect he will be getting his clients the needed paperwork in the next 24 hours. On our side we are ready to get the PAMM live.

Cheers,
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 22, 2015, 11:54:29 PM
that is a good point Kevin -- alot of us have had bad experiences with Brokers in the past + just recently if you traded CHF chances are you had another bad experience.

it is the nature of this industry unfortunately.

Very true....

There are a lot of misconceptions and commonly held mistruths when it comes to this industry and an event like the SNBomb from last month really put this to the test.

Cheers,
Title: Re: FXPig
Post by: kmf on February 22, 2015, 11:55:33 PM
Yes, we had a board meeting in Brussels this past week and one of the topics was restructuring our current PAMM system.

I actually just emailed prof. and I expect he will be getting his clients the needed paperwork in the next 24 hours. On our side we are ready to get the PAMM live.

Cheers,

Thanks Kevin. That's great to hear :)

Kevin
Title: Re: FXPig
Post by: hanscafe59 on February 23, 2015, 10:49:03 PM
The normal minimum required for an API connection is 50k.

Cheers,
kevin,
Mind advising what the advantages with API connection? This is newbto me.
Title: Re: FXPig
Post by: Kevin @ FXPIG on February 23, 2015, 11:40:53 PM
The advantages depend on your specific circumstances.

If you have your own platform or FIX engine, then an API connection gives you the freedom to use it to trade.

It may also reduce latency, but FIX only updates once we 50ms anyway so that may be up for debate.

Cheers,
Title: Re: FXPig
Post by: aeronthomas on March 03, 2015, 02:58:54 PM
Quick questions I read on another thread that you honor SLs even during fast moving high volatility news events ? Is this true? Thanks
Title: Re: FXPig
Post by: user456 on March 03, 2015, 03:05:48 PM
if you mean "honor" in a way that a stoploss is guaranteed without slippage in a fast moving market then no.
Title: Re: FXPig
Post by: Kevin @ FXPIG on March 03, 2015, 04:11:42 PM
As user456 mentioned, we do not guarantee stops.

I would love to find a way to get a guaranteed stop on the open FX market, but it is impossible. There are ways to mitigate a lot of the slippage; ie reducing latency, adding liquidity tiers to tighten the gap between prices, etc., but there is no way to ensure a stop is always filled at the requested price as by it's very nature a stop is a market order.

Cheers,
Title: Re: FXPig
Post by: aeronthomas on March 03, 2015, 10:57:27 PM
As user456 mentioned, we do not guarantee stops.

I would love to find a way to get a guaranteed stop on the open FX market, but it is impossible. There are ways to mitigate a lot of the slippage; ie reducing latency, adding liquidity tiers to tighten the gap between prices, etc., but there is no way to ensure a stop is always filled at the requested price as by it's very nature a stop is a market order.

Cheers,
Thanks Kevin I thought this would be the case that's why I was surprised when I read otherwise on another thread now just have to find where I read it and let others know can't be done with market SL orders cheers
Title: Re: FXPig
Post by: geektrader on March 03, 2015, 11:34:33 PM
As usually, b-bookers can guarantee stops and some actually do. Itīs the same as with the negative balance protection, itīs still a win for them if they just give you your stop and make a little less on your loss with that. I though would not want to trade with such brokers for the simple conflict of interest as it is always with b-bookers.

You have to remember that this is a market, for every of your orders (and a StopLoss is nothing else than a market order that is executed by the time the StopLoss was hit) you need another party to take your trade. But prices do not always match exactly between you and the other party. If you want to sell (e.g. a StopLoss) at 1.10150 the other party might just have 1.10149 on offer. Thatīs the same with every market, not just Forex - even on the "real" markets like when you try to sell something for $30 but someone just offers you $29 and since there is no one else who wants to buy from you at $30 you take the $29 offer and hence get "slipped" by 1$. Hence you will always get slipped on an A-book, sometimes negative, sometimes positive.

This can only be addressed by more LPs pricing into the stream at the different liquidity bands so that price gaps are kept as low as possible.
Title: Re: FXPig
Post by: Kevin @ FXPIG on March 04, 2015, 04:20:01 AM
@geektrader...yup, as I said above, tier gapping is one of the reasons behind market 'slips', but you also have rejections, last look partial cancellations*, latency, etc. And then you have situations where only one LP decides to price sending an indicative quote that triggers your order only to be filled with a true 'market' quote 10+ pips off your entry.

In any event the point is; FX, like any marketplace, is not a very well organized machine, but rather a very loud mass of takers and givers or buyers and sellers, screaming at each other trying to match orders...in other words sh*t can happen and usually does

*on certain feeds, mainly those that are actual ECN type execution venues.

Cheers,
Title: Re: FXPig
Post by: 999cjb on March 04, 2015, 07:23:38 AM
@geektrader...yup, as I said above, tier gapping is one of the reasons behind market 'slips', but you also have rejections, last look partial cancellations*, latency, etc. And then you have situations where only one LP decides to price sending an indicative quote that triggers your order only to be filled with a true 'market' quote 10+ pips off your entry.

In any event the point is; FX, like any marketplace, is not a very well organized machine, but rather a very loud mass of takers and givers or buyers and sellers, screaming at each other trying to match orders...in other words sh*t can happen and usually does

*on certain feeds, mainly those that are actual ECN type execution venues.

Cheers,

Just like the stock exchanges in the days before computers.

Plus įa change, plus c’est la męme chose  :D :D :D
Title: Re: FXPig
Post by: corre971 on March 04, 2015, 07:53:20 AM
Take a look at the pic attached: it express how the psicology mass sometimes works
Title: Re: FXPig
Post by: Kevin @ FXPIG on March 04, 2015, 06:24:18 PM
@corre971 yes this cartoon is, I believe, from the 80's, I have seen it many times, but it is a GREAT look into the mindset of retail trade flow.

Even though I have seen it a thousand times it still makes me smile, or frown, depending on the day :)
Title: Re: FXPig
Post by: kmf on May 05, 2015, 11:24:38 PM
Hi Kevin,

Back before Christmas you mentioned something about new website for FXPIG. How is that coming along?

Thanks :)
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 06, 2015, 11:11:11 PM
Its close to launch...I would say July.

Cheers,
Title: Re: FXPig
Post by: canac on June 02, 2015, 03:38:55 AM
Hi Kevin,
I have been reading this entire thread to get more detailed picture about FXPig and have to tell you that it is been growing confidence  to find FXPIG- broker that is doing good job  and has many happy served  traders/customers with high level of service.
FXPig CEO working tirelessly to keep high standars of transparancy that is very welcomed here on this forum by existing and potential FXPIG customers.
However I noticed that so far it is the only Kevin's contribution here at donnaforex make this complete impression and I'm not sure if any other person/name could be associated with FXPIG.
I just have this feeling that if Kevin Murko will not be able to answers the some question on this forum one day ...there would be no one to fill the void.
In this regard and to keep tradition of transparency I have some questions to Kevin
Is it possible to disclose Executive team for FXPIG and your parent company Premier Interchange Gateway LP.
How many people sits on the board and Their names and titles please.
I would also like to know some other great names of people who help you run this company and have same pride in it as their CEO if it is possible.

As I'we seen some reputable companies do this right on their websites.

The other question is : What makes your company illegal in your own country? As you are not offering services to NZ residents or entities

Thank you for your answers
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 02, 2015, 06:27:31 PM
Canac,

To answer your last question first; the FMA, which now overseas the FSPR, has created a new set of rules regarding FSPs and NZ residents, as of last December. The rules basically require an FMA Derivatives License to solicit NZ residents. In reality the cost of this license is high as the FMA requires quite a good size NZ Footprint, and the available NZ business does not merit this expense unfortunately. We are looking into alternatives in other jurisdictions.

In response to your initial query; As the CEO I am the face of FXPIG, internally we do have a succession of powers should I not be able to continue with the company.

Cheers,
Title: Re: FXPig
Post by: canac on June 02, 2015, 08:57:36 PM
Thanks for your reply........and it looks like there would be no transparency as who runs FXPIG.
Sorry to hear that .

I was just looking for a place to trade............and hope your next jurisdiction would have at least strong Financial System.. not Cyprus-like
Title: Re: FXPig
Post by: kmf on June 03, 2015, 01:12:18 AM
FXPIG and Kevin@FXPIG are top notch in every way. Never dealt with a more professional team :)
Title: Re: FXPig
Post by: canac on June 04, 2015, 04:30:11 AM
Quote from: Kevin @ FXPIG date=1433266051 link=msg=340725

Canac,

To answer your last question first; the FMA, which now overseas the FSPR, has created a new set of rules regarding FSPs and NZ residents, as of last December. The rules basically require an FMA Derivatives License to solicit NZ residents. In reality the cost of this license is high as the FMA requires quite a good size NZ Footprint, and the available NZ business does not merit this expense unfortunately. We are looking into alternatives in other jurisdictions.

In response to your initial query; As the CEO I am the face of FXPIG, internally we do have a succession of powers should I not be able to continue with the company.

Cheers,

I understand that FXPIG has the FACE - It is Kevin Murcko, I was trying to get an idea how the BODY is looks like??!!
I was only able to get some information here http://leaprate.com/2015/01/new-zealands-fxpig-launches-ctrader-as-platform-diversity-continues/   that PIG is some offshore company that owns FXPIG in New Zealand.
And I become really puzzled by about what kind of company would benefit from keeping Executives names secret from their customers. These customers actually are lending their own money in form of their funded accounts to this same 'secret society'.
Title: Re: FXPig
Post by: odysseus11 on June 04, 2015, 04:38:32 AM
Canac,
thats the whole point of having a forum.

FXPig has  a topic here that is 75 pages long. Feel free to read every single post. If that doesnt answer every possible question you could have about any relevant details concerning FXPig and whether or not they might be right for you and your funds, then I would be amazed.

The feedback and back-and-forth right here on this forum from members (and often, users of FXPig services) are priceless, its far more meaningful than any contrived reports at "news" sites.

I myself can vouch for them as a broker. Top notch in every way.
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 04, 2015, 03:17:07 PM

FXPIG is owned by Premier Interchange Gateway LP, a NZ based Limited Partnership, owned by two corp shareholders. The managing arm is in HK, the limited parter, where the actual beneficial owners sit, is offshore, but this is simply due to tax issues on dividend disbursements.

As we are in talks with several regulators on further regulation we have been advised by council not to post any information publicly. Our CFO is public, most of our clients know him, Sylvain, and our CTO is also known by our clients, Salvatore. Our board is advisory in nature, non shareholders and thus I cannot post their names without their permission.

At any rate....we never deliberately withhold information.

Cheers,
Title: Re: FXPig
Post by: semaj on June 04, 2015, 03:20:06 PM

I support Kevin of FxPig.



Regards,


semaj - Riemann
Title: Re: FXPig
Post by: Bigsteve on June 04, 2015, 03:25:35 PM
Many good words were spoken of Kevin and FX Pig and probably is the best broker you will see here.
Title: Re: FXPig
Post by: canac on June 15, 2015, 01:42:35 AM
Quote from: Kevin @ FXPIG date=1433427427 link=msg=340828


FXPIG is owned by Premier Interchange Gateway LP, a NZ based Limited Partnership, owned by two corp shareholders. The managing arm is in HK, the limited parter, where the actual beneficial owners sit, is offshore, but this is simply due to tax issues on dividend disbursements.

As we are in talks with several regulators on further regulation we have been advised by council not to post any information publicly. Our CFO is public, most of our clients know him, Sylvain, and our CTO is also known by our clients, Salvatore. Our board is advisory in nature, non shareholders and thus I cannot post their names without their permission.

At any rate....we never deliberately withhold information.

Cheers,


If you want to be tricked by these places without Names/Addresses/Audits/History/Ownership    go ahead but read this link http://www.bloomberg.com/news/articles/2015-06-14/geneva-whodunit-has-chinese-alleging-1-2-billion-currency-scam?cmpid=yhoo and you would have better idea how it all might end one day........disappear like water in the sand
The only information I have got from this 75 pages forum is that Kevin Murcko is some  possibly very good and hard working and skilled guy that employed for few years by some other company and his title is CEO.

Don't take to hard guys...take it easy..... its only a game
Title: Re: FXPig
Post by: Rudolf on June 15, 2015, 03:36:47 PM
Hello! i heared about new analytic option in  terminal of fxpig broker, anybody already used it? i will try to use this option in near future
Title: Re: FXPig
Post by: Kevin @ FXPIG on June 16, 2015, 05:35:59 PM
Quote from: canac date=1434328955 link=msg=341182

Quote from: Kevin @ FXPIG date=1433427427 link=msg=340828


FXPIG is owned by Premier Interchange Gateway LP, a NZ based Limited Partnership, owned by two corp shareholders. The managing arm is in HK, the limited parter, where the actual beneficial owners sit, is offshore, but this is simply due to tax issues on dividend disbursements.

As we are in talks with several regulators on further regulation we have been advised by council not to post any information publicly. Our CFO is public, most of our clients know him, Sylvain, and our CTO is also known by our clients, Salvatore. Our board is advisory in nature, non shareholders and thus I cannot post their names without their permission.

At any rate....we never deliberately withhold information.

Cheers,



If you want to be tricked by these places without Names/Addresses/Audits/History/Ownership    go ahead but read this link http://www.bloomberg.com/news/articles/2015-06-14/geneva-whodunit-has-chinese-alleging-1-2-billion-currency-scam?cmpid=yhoo and you would have better idea how it all might end one day........disappear like water in the sand
The only information I have got from this 75 pages forum is that Kevin Murcko is some  possibly very good and hard working and skilled guy that employed for few years by some other company and his title is CEO.

Don't take to hard guys...take it easy..... its only a game



Canac,

Actually that is incorrect, as just one page back I gave you the entire executive structure of the company in terms of the names of our, already know CFO and CTO. It seems you are looking for their personal details, such as their home addresses and possibly some audited statements of their personal finances. Obviously these details are private and there is no reason to provide them.

Having said that you are not very explicit of what you actually want and why? You have the names of our main leadership and basic executive structure of the company, our address is clearly visible on our web site and on various NZ government web sites, and our history is, by default, public, as we have been here on this forum since day 1 or there about.

As a private company we can choose what details we make public, and we are one of the most transparent private companies in FX.

Your post regarding a FX related fraud is not really relevant, as there have been frauds and there will continue to be frauds where the company behind the scam is 100% transparent, has audited accounts, etc., and some are completely private. The argument that not providing certain details makes a company fraudulent is ridiculous.

At any rate, I think we have spent enough time on this, and if you choose not to be our client, so be it, I wish you luck wherever you may trade, and I will be here to assist or try to assist you whether you are our client or not.

Cheers,
Title: Re: FXPig
Post by: xjacks on June 28, 2016, 06:55:01 AM
Quote from: Kevin @ FXPIG link=msg=331538 date=1422605509


If you want to open an account go ahead and submit an application. We can start you at 2.5 per 100k.

Cheers,


Hi Kevin, could you please kindly tell me is the 2.5 per 100k rate still available now for me?
Title: Re: FXPig
Post by: momods on July 21, 2016, 12:59:52 PM
I was searching google to get more information about Premier Interchange Gateway LP and found an interesting info dated June 30, 2016: a public notice from New Zealand Government' Companies office regarding their intention to remove the registration of Premier Interchange Gateway LP from its register on the grounds it is not carrying on business.

https://www.business.govt.nz/companies/news-updates/public-notices/other-public-notices/limited-partnership-removal-notice-30-june-2016-s98A-1-b

Any explanation???
Title: Re: FXPig
Post by: Kevin @ FXPIG on July 24, 2016, 04:40:04 AM
Momods,

In the end, this is really just a clerical error...

The annual renewal for the LP was completed back in June after which we heard nothing back about its status. Nor did we receive this intent-to-delist notification from them. Thankfully it immediately came up via our preset Google Alerts.

Once the alert came up, we immediately contacted the LP division. They said the notification was in regards to the annual renewal, which they hadn't yet processed, and to disregard the notification. This conversation was over 3 weeks ago and they still have not processed the annual renewal.

Come Monday we will bring this to the attention of the authority once again and we hope to have it squared away shortly.


Title: Re: FXPig
Post by: Kevin @ FXPIG on July 24, 2016, 04:41:29 AM
Quote from: xjacks link=msg=355972 date=1467093301

Quote from: Kevin @ FXPIG link=msg=331538 date=1422605509


If you want to open an account go ahead and submit an application. We can start you at 2.5 per 100k.

Cheers,


Hi Kevin, could you please kindly tell me is the 2.5 per 100k rate still available now for me?


Sorry for the late reply here...

Yes it is, as 2.50 per 100k is now our default / standard rate.

Title: Re: FXPig
Post by: Kevin @ FXPIG on December 18, 2016, 11:21:27 PM
Been a while...

Just letting everyone know I will be here, in and out, in case anyone needs some FX education :)

Will post some updates as well here; a lot has happened since I last stopped by this forum.

Title: Re: FXPig
Post by: Kevin @ FXPIG on December 20, 2016, 05:28:10 PM
This may be of interest to Donna readers;

We recently launched a 'by invitation only' feed, based on our SPA feed, that was created after nearly three months of analysis with the help fo a current client of ours, that has proven to work wonders for high-frequency strategies. We essentially removed all last look participants, all participants with rejection rates above a certain threshold, all participants who showed a pattern of holding winning trades for more than 80ms and instantly executing trades that were immediately against the client. We also lowered our own default TTL or timeinforce maximum to just 80ms, so orders will only attempt to fill at the top of book from our aggregation engine for 80ms before they are confirmed as rejected.

The end result is a solid feed that can take flow normally deemed toxic with decay levels of less than 5 seconds.

If anyone wants to test let me know and I can setup the account as needed.

 
Title: Re: FXPig
Post by: rexy9099 on April 13, 2017, 07:34:09 AM
This may be of interest to Donna readers;

We recently launched a 'by invitation only' feed, based on our SPA feed, that was created after nearly three months of analysis with the help fo a current client of ours, that has proven to work wonders for high-frequency strategies. We essentially removed all last look participants, all participants with rejection rates above a certain threshold, all participants who showed a pattern of holding winning trades for more than 80ms and instantly executing trades that were immediately against the client. We also lowered our own default TTL or timeinforce maximum to just 80ms, so orders will only attempt to fill at the top of book from our aggregation engine for 80ms before they are confirmed as rejected.

The end result is a solid feed that can take flow normally deemed toxic with decay levels of less than 5 seconds.

If anyone wants to test let me know and I can setup the account as needed.

Hi Kevin
Long time lurker on the forum, but seeing this offer I said I gotta register and see if this can be setup for me :). I will send you a PM with the account details, I am being setup.
How do you find liquidity in this type of environment, what are the rejection rates? Or re-wording the question, what lot size can you trade without experiencing bigger slippages (I am under the assumption orders will be filled anyway, but  liquidity affects slippage, correct me if I am wrong). EA does the trades for me that last anywhere from few seconds to couple of minutes, higher frequency during periods of high volatility
Thanks
Title: Re: FXPig
Post by: Kevin @ FXPIG on April 13, 2017, 04:45:28 PM
Ah, a fellow lurker... nice to meet you.

Our liquidity is ALL relationship based, so we are upfront with the venues we clear through. We have an aggregation of dark pool liquidity that has done 'okay' with this type of sharper flow, and we just configured a new aggregation of hedge funds (algos) that agreed to take on two specific groups of traders whose decay level is in the 2 to 5 second range... ie SUPER sharp flow. We are in the initial testing phases now... but you're free to give it a go as well.

It is impossible to speculate on rejection rates, execution times, etc until I see the flow and have data to analyze. This has become a main focal point for me, and we have some in-house analytical tools that we created just for this very purpose, to test, mold, and optimize liquidity for sharp trade flow.

If you open an account, send us a ticket with a phone number and a time and I will reach out and call you...

Cheers,
Title: Re: FXPig
Post by: BigNick on May 26, 2017, 02:54:11 PM
Hi Kevin,
I read a lot of good about FxPig, but, as I see, you have some of the worst rollover out there, even some negative while almost all other brokers have positive, why so?
Regards.
Title: Re: FXPig
Post by: Kevin @ FXPIG on May 26, 2017, 03:30:16 PM
Like most things in FX... sometimes the truth hurts...

We price swap raw, just like we do everything else. We take the rates applied by our LPs and charge the aggregate. Swap calculations vary widely among participants, with many now charging based on a formula that includes the libor and libid rates as well as the overall exposure in each currency and the underlying overnight rates on each currency.

We constantly try to better these rates, but it's mostly been a losing battle, to be honest.
Title: Re: FXPig
Post by: beardown4545 on December 17, 2017, 03:33:06 AM
@Kevin@fxpig

I sent you an email.
Title: Re: FXPig
Post by: rexy9099 on April 26, 2018, 02:24:27 AM
Hi Kevin
I finally started trading with FXPIG and wow, instant execution, no delays. That beats even Darwinex
But I wanted to ask about the volume discounts, do you offer any rebates on commissions where you reach value x you get x% back per month? I couldn't find any info on the website
Thanks
Title: FXPig Swap Rates and Lack of Volume Discount
Post by: bearnakedbull on September 08, 2018, 04:42:32 PM
Well quite by coincidence I see the last post is about the same thing as I too am concerned with and that is volume discounts. I will say that the customer service was quick to reply when I was getting all set up but just as soon as I inquired about volume discounts there was a sudden silence. I tried twice to press for some kind of deal but the silence remained. I wasn't able to locate an IB so I had to deal directly with them. I have done similar before with another popular broker and was able to get a lower rate on commission but FxPig will just ignore this type of inquiry.
The other big issue with these guys is the terrible swap rates. On some pairs both sides are losers whereas at other brokers one side would at least allow a small gain. I compared a number of brokers and a number of pairs which takes a lot of time and FxPig was the worst.
As a retail trader the whole market is against us and reasonable swap rates and/or lower commissions certainly help us to survive.
So now I will again look at another broker and FxPig will probably miss out on more $'s over the long run because they are more concerned about the immediate profit rather than a long term relationship.
Title: Re: FXPig Swap Rates and Lack of Volume Discount
Post by: HFT Group on September 09, 2018, 12:16:10 AM
Well quite by coincidence I see the last post is about the same thing as I too am concerned with and that is volume discounts. I will say that the customer service was quick to reply when I was getting all set up but just as soon as I inquired about volume discounts there was a sudden silence. I tried twice to press for some kind of deal but the silence remained. I wasn't able to locate an IB so I had to deal directly with them. I have done similar before with another popular broker and was able to get a lower rate on commission but FxPig will just ignore this type of inquiry.
The other big issue with these guys is the terrible swap rates. On some pairs both sides are losers whereas at other brokers one side would at least allow a small gain. I compared a number of brokers and a number of pairs which takes a lot of time and FxPig was the worst.
As a retail trader the whole market is against us and reasonable swap rates and/or lower commissions certainly help us to survive.
So now I will again look at another broker and FxPig will probably miss out on more $'s over the long run because they are more concerned about the immediate profit rather than a long term relationship.

FXPIG notified me that our long standing IB agreement would be terminated upon their change of location/registration/regulation. A new IB agreement was never offered. Kevin used to be quite active in the forum but sadly, has not made an appearance since November last year. It seems that they have outgrown our little community and moved on to bigger things.

I was approached by a fund manager earlier this year seeking an alternative Fix API feed. Remembering that FXPIG provided such a feed I messaged Kevin on Skype to enquire as to whether they might be interested in the potential business. After a long period of no response and despite seeing him sign in and out of Skype, I messaged him again. I asked (jokingly initially) if he had no time to talk with me and was quite shocked to be told that this was the case and he had better things to do. I would completely understand being told that due to whatever reason FXPIG were not interested. To be completely ignored given a previous good business relationship was nothing short of insulting.

Needless to say, the business went elsewhere.
Title: forex cyborg on fxpig
Post by: bearnakedbull on October 04, 2018, 02:49:26 PM
This I am re-posting on this topic just to be sure that Kevin sees it, it is from the forex cyborg topic:

It would be nice to see this ea calculate the rip-off fxpig swaps on Wednesdays and avoid enriching the broker. Kevin at fxpig and his crew have deaf ears when it comes to such things as dealing with competitive swap rates so how about changing the code on this ea that generates significant revenue for him.
Minimally, having the ability to automatically switch off Wednesday trading might be good. One problem at fxpig is they have pairs that only have a negative swap no matter which side you take so they always win just like the the casino.
Well there you go Kevin, this is what happens when you don't have an answer to customer concerns.
Title: Re: FXPig
Post by: HFT Group on October 04, 2018, 03:29:11 PM
Last Active: November 28, 2017, 09:42:43 AM

Wasting your time I think ^^^^^^^^^^^^^
Title: Re: FXPig
Post by: bearnakedbull on October 04, 2018, 04:05:07 PM
Last Active: November 28, 2017, 09:42:43 AM

Wasting your time I think ^^^^^^^^^^^^^
well even if a few potential clients runaway it affects their bottom line.
Title: Re: FXPig
Post by: petersurrey on October 05, 2018, 11:48:21 AM
FXPig is very responsive if you approach through their helpdesk BUT their deposit and withdrawal fees are way above average compared to their peers and not the quickest regarding withdrawals if using wires. It is strange that no one has taken up Kevin's role on this forum, but I guess this is very much the industry norm in that CEO's don't keep an open dialogue on public forums. He had set a very high bar by being so open and responsive - the main selling point for fxpig, and the opportunity to attract more EU investors after ESMA could have been a good incentive to stay.