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User reviews
Thursday, 20 August 2009
Written by Joey from Canada
The Currenex platform is well worth it if you are a pure scalper. The spreads are tight, but the platform does take some to to get use to. Here a video on the Currenex ECN: http://www.youtube.com/watch?v=WIrVbSlPTDU
Saturday, 08 November 2008
Written by Chan from Singapore
I don't think MAM Financial(now MF Global) offers CurrenEx anymore. I like the fact that I can specify "BUY on the OFFER price" or "SELL on the BID", and set a LIMIT to it. It is also nice to be able to make Conditional contigent orders, although there is no way to modify the conditions on the fly. Their Stop orders suck; they always have slippages. So their one pip spread may be anything from 2 to 4. On top of this, the brokers offering this platform usually charge one pip commission -- after the trade is done, like blood sucking. However, I have never had a platform outtage from CurrenEx during any economic data release including the NFP, unlike all those crooks who use the MT4. At NFP, they do widen their spreads, but nowhere near those crooks, including Oanda.
Thursday, 02 October 2008
Written by Ale Findlay from USA
It is true that Currenex is a platform and not many brokers offer it. It is the best I have ever used followed by Strategy Runner. You will find that any broker that offers it always has an above average rating, such as Mann Financial and Dukascopy. Propfx which is a division of FXCM does offer it but you have to ask for it and insist. It is sort of a hidden secret with FXCM. Propfx when campared to FXCM is sort of like dealing with Costco Wholesale or Sams compared to their relatives. If there is a drawback it is they will not give you Currenex unless you have 10K or more in your acoount. If you are a serious trader Currenex is a must.
Alex Findlay
Saturday, 12 July 2008
Written by ritche wetland from Austria
This is not a broker but a trading platform, currenex is excellent and I use mb trading as they run on the same platform, today I went long usd/cad 5 lots before the news announcement of employment and made 1,400 in 60 seconds, they do not widen the spread so I can get out whenever I want without having to wait for the spread to normalize, also the platform is very stable. Check out MB Trading!
Saturday, 05 January 2008
Written by Bob Galvin from USA
Currenex is not a broker but is a software trading program which is easy to use and instant execution.
Currenex has recently sold and I have noticed some difference in the spreads but I cannot determine if its a CX change or market liquidity, (to be fair to them).
USDJPY was alway 1 pip spread, now usually 2
EURJPY was 1-2 pip spread now often 2-3
GBPJPY has not seemed to change and is a 4-5 pip spread.
EEURUSD is almost always 1 pip, sometimes 2
Occasionally you will see "Choice" which is where Bid and Offer are the same price. I repeat, I don't know if the slight increase in spreads are a function of Currenex recent acquisition related, but it is worth noting. Bottom line is I rate them highly.
