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New Software for Forex BROKERS

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Old 22-12-2016, 16:49
Level IV Lasers Member
Join Date: Feb 2012
Posts: 143
Default New Software for Forex BROKERS

Trading through the FIX API protocol has become increasingly popular, and its use continues to grow. This is primarily because traders have been long dissatisfied with the trading terms of mainstream platforms. Nevertheless, the requirements to open a FIX API account are unacceptable for the vast majority of traders Ė the minimum deposit that a trader needs to put up to open a FIX API account is often $10,000 and up.

The reason for high minimum deposits is that FIX API accounts present additional problems for forex brokers. In order to open a FIX API account, the broker needs to set up a separate FIX API account (i.e., distinct from the clearing account) with the liquidity provider used, which limits the scope of the broker's possibilities. The liquidity provider, in turn, will agree to open that kind of account only if the trader generates relatively high trading volume, which typically involves at least $50,000 in trading capital in a given account. In other words, for most traders this is not a viable option.

This now looks set to change. In November of 2016, the Canadian company FXMars Inc. introduced 4FXBrokers FIX API Splitter, a revolutionary product that enables traders to open FIX API accounts without having to deal with such onerous requirements as minimum deposits or commissions, ultimately levelling the playing field for the trading community.

A brief description of the product is in order. The broker opens an account with its liquidity provider, which can act as a master account, and connects the account to FIX API Splitter. FIX API Splitter is part of 4FXBrokers FIX API Bridge. Using the 4FXBrokers FIX API Bridge manager, the broker can create an unlimited number of FIX API accounts and assign them to clients. The 4FXBrokers FIX API protocol for client accounts allows the user to use market GTC (good-till-canceled) orders as well as limit FOK (fill or kill), IOC (immediate or cancel), and stop orders. The protocol is described scrupulously, and the trader has the ability to create one's own trading strategies (black boxes) and test them in the real market.

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Old 17-09-2019, 21:27
Level V Lasers Member
Join Date: Jun 2015
Posts: 555
Default Re: New Software for Forex BROKERS

Absolutely not in favour of these. I will always suggest people not to be stupid with going for such stuff. Itís kind of thing that could really lead to massive downfall and therefore, itís vital for one to really take things far. I always do that and itís one way to avoid any major damage for us as trader and to play things smoothly.
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Old 12-12-2021, 16:08
Level V Lasers Member
Join Date: Nov 2018
Posts: 1,152
Default Re: New Software for Forex BROKERS

Personally I prefer the good old Metatrader. MetaTrader 5 has seen a lot of development and updates lately, and it has become a pretty good platform.
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