ECN

Electronic Communications Networks

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Dukascopy have finally followed in the footsteps of MIG, and after a long wait they have at last received their banking licence from FINMA, the Swiss regulator. Consequently they now proudly call themselves "Dukascopy Bank SA". According to their press release:

More on Dukascopy are now a Swiss Bank

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Last week Swiss forex broker Dukascopy announced that they are reducing the minimum lot size for their ECN retail accounts. According to the news section of their website:

Dukascopy (Suisse) SA announces the reduction of minimal lot size. Starting from 8th of January 2010, traders can use mini lots from 0.001 equal to 1000 units of a primary currency amount.

More on Dukascopy Beta Testing MetaTrader 4 ECN Accounts

More on Dukascopy Beta Testing MetaTrader 4 ECN Accounts

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Alpari UK have just announced that as long as you have at least 20,000 US dollars to spare you are now able to use it to fund a shiny new Alpari Pro account. Demo accounts are available of course, just like in the United States and Russia, but Alpari UK are more than happy to let you open a real account with real money too, as long as you don't reside in the US or in British Columbia that is. Here's how the announcement put it:

More on Alpari Launch Live Pro Account in the UK

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Following the lead of their Russian cousins Alpari US announced yesterday that they too are now:

Pleased to introduce FX traders to our two new trading platforms, Alpari Direct and Alpari Direct Pro.

More on Alpari US Announce "Direct" Currenex Demo Accounts

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Way back on July 15th Alpari UK announced on their website that they:

Will launch two advanced trading platforms by the end of August, offering high-speed and direct access to the international currency market for Alpari clients and other institutional and retail customers. Powered by trading technology provider Currenex®, Alpari Direct Pro will be offered to institutional clients while Alpari Direct will be offered to retail customers.

More on Alpari Russia Introduce Currenex ECN Demo Accounts

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US broker Manhattan Beach Trading (usually known simply as MB Trading) introduced demo ECN MetaTrader 4 accounts way back at the start of this year. They have just announced that at long last their live ECN MT4 accounts are available:

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In all the excitement yesterday I forgot to mention that I also bought a copy of the unevolved version of the FapTurbo MetaTrader robot. I thought it would be instructional to compare its performance alongside the far more expensive FapTurbo Evolution, to discover how much better the new "serious robotic system" compared to the decrepit old "MetaTrader child's play" model.

More on Our First FapTurbo Evolution Forward Test

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The FXCM Limited MetaTrader banner promises:

No Dealing Desk Execution
Hedging Capabilities through FSA Regulated Entity
Spreads as Low as 1 Pip EUR/USD
Accept ALL MT4 Expert Advisors

The Trading Gurus are based in South West England, so we're not too unhappy about the idea of opening a live account with an FSA regulated forex broker based in the UK. Those bullet points sound exactly like the sort of brokerage account we've been waiting for, so I opened a demo account with FXCM UK, and fired up one of our Expert Advisors.

More on FXCM MetaTrader Accounts Don't Close By

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I don't know about you, but when I use a forex trading robot I expect to be able to upload it to my server, set it running, then wait for it to start trading. Beyond that, I expect it to keep on trading whatever accidents might befall it, including recovering gracefully after losing its connection to the internet for a while, or restarting after an unanticipated server reboot. It seems that in the case of Forex MegaDroid this was far too much to expect.

More on Forex MegaDroid Grinds to a Halt

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