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FXOpen is one of the companies most responsible for MetaQuotes' (the company behind Metatrader) the success, simply because it has characteristics Metatrader but should have not. Alpari is another of the companies and sometimes serves as MetaQuotes beta 'site.
FXOpen recently introduced the first platform MT4 REC and also added PAMM accounts for life on money managers' much easier.
Today announced FXOpen ( target = "_blank" href = "http://forum.fxopen.com/showthread.php?t=62155"> http://forum.fxopen.com/showthread.php?t=62155) which completed development and testing of another very important feature - much incremental trade. With the exception of small business merchants MB Time ECN style have not changed due to the large minimum order requirements.
If opening an account with an ECN broker like Dukascopy requires a minimum deposit of $ 10,000 and a minimum trade size of 1 lot, with FXOpen can start trading with 0.1 lots. For now, commissions FXOpen are about 30% lower than MB Trading.
FXOpen solution does not mean that anyone can display any size of order inside the spread - which obviously worse with food ECN liquidity providers. What it means is that orders of less than 1,00 lot will be added and processed through the STP and full when the market moves. These small orders are slightly more likely to not be filling large orders, but it's a small price to pay for the ability REC trading, with prices as low as 0.1 lot (10,000 order size).
The minimum deposit and commercial size limitations was one of the reasons why small businesses have not jumped on the train BER yet. As he got up should be much easier. While it is clearly not appealing to large traders, who never had problems of trade, at least 1 lot anyway, but appeals to people who would like to try ECN with small amounts to see how it works and then make larger investment decisions based on their experience. It also makes the market more accessible to the grid style Martingale and traders who place orders large number of small market size.
Operators can give this feature a try (I would appreciate any comment) by demonstrating or living environments that FXOpen intended to be identical.
Remains to be seen how the market accepts this new role and test FXOpen success is the capability to place as many orders as possible.
But I think that is an important step in the right direction for all agents innovation and transparency are key factors driving growth in this market.
It is also interesting to see how non-Americans, not NFA, brokers are giving the U.S. industry a decent fight. With 4% of customers since left the U.S. in search of a better option, some decent runners at sea are for profit as they can offer more commercial tools such as coverage and they do not have a costly and time consuming processes registration.
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Article Source: ArticlesBase.com - FXOpen introduces incremental ECN lot trading
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