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They will not give you 5 pip spread like they said they would.. More like
25-40pips
This is from real actual experience I had with this outfit.. They are in
biz of cutting your arms and legs off!
I would rather trade globex... If have to trade forex, one should @ least
have 100k with proper bank connections..
regards
Gary Bodnar
-----Original Message-----
From: Paul Weston <paulweston@xxxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Monday, January 31, 2000 12:54 PM
Subject: [RT] RE: Re: Forex
>They have a 5 pip spread and it there prices appear to be in line with the
>bank quotes that I see. I have not found anyone that gives better than a 5
>pip spread.
>
>There lot sizes are fixed in terms of foreign currency - 100,000 EUR,
>75,000GPB, 15,000,000 JPY, and 150,000 chf.
>
>I think that smaller accounts may also have a per trade commission.
>
>Hope this helps,
>Paul
>
>
>
>-----Original Message-----
>From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx] On
>Behalf Of jdfo
>Sent: Monday, January 31, 2000 2:28 PM
>To: realtraders@xxxxxxxxxxxxxxx
>Cc: Real Traders
>Subject: [RT] Re: Forex
>
>
>
>What are their commissions and what spreads do they tell you they are
using?
>The pips here could add up to a sum that make it virtually impossible to
>make any money. This is extremely critical in Forex trading as I am sure
>you are well aware.
>
>Also, what market are they quoting? Are they using a bank's quotes and
then
>making their own market in addition to the bid/ask spread and then
>commissions on top of that?
>
>Your response will be extremely interesting?
>
>Thanks,
>
>JO
>
>
>
>
>-----Original Message-----
>From: Paul Weston <paulweston@xxxxxxxxxxxxxx>
>To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
>Date: Monday, January 31, 2000 1:36 PM
>Subject: [RT] RE: Forex
>
>
>>I just opened an account with them. I have demo'd their DealStation 2000
>>and was impressed.
>>
>>Haven't used them for real yet, so will let you know.
>>
>>Regards,
>>Paul Weston
>>
>>
>>
>>
>>-----Original Message-----
>>From: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx] On
>>Behalf Of William
>>Sent: Sunday, January 30, 2000 8:31 PM
>>To: realtraders@xxxxxxxxxxxxxxx
>>Subject: [RT] Forex
>>
>>
>>
>>I would appreciate feed back from traders who may have used
>>"MG Financial Group" to trade Forex.
>>
>>Thank you, Cowboy Bill
>>
>>
>>
>>
>>
>
>
>
>
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