Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

januson

Is this scam or?

Recommended Posts

Hi there...

I'm new to this and ofcause I'm trying to find the perfect tradingplatform. I live in Denmark and that's definitely not the best country to be located in when it comes to brokers and tradingsoftware.

 

The reason for this question... I'm evalualting SaxoTrader2 and dicovers this strange behaviour, is it normal or is it scam?

 

The closingprice are 1 tick lower than the openingprice? I've examined all the candles and it's the same story each time.

In my logic that's an anomally caused by the the broker to get an advantage in their own buying pool!

 

Please view the attached gifs for details :cool:

LUN07_1340.thumb.gif.654d6960b01768228a5c0ae4e51b66df.gif

LUN07_1345.thumb.gif.5fbe96b65e77b962a94052ad380c740b.gif

Share this post


Link to post
Share on other sites

Hello Januson,

 

I do not have any personal experiance with Saxon, but doing a quick review of others opinions, seems like they are not trustworthy.

re: Online Forex broker reviews | Saxo Bank Review | saxobank.com rating

 

Looks like a Fx type of operation yes? I am sure if you asked around you should be able to get some better recommendations.

 

( All above is my personal opinion )

 

Regards, Knyyt

Share this post


Link to post
Share on other sites

You have to realize that the some trading platforms use feeds from dealing desk quotes. I have MBTrading and Tradestation quotes and charts side by side and just watching EURUSD, the quotes are 2-3 pips off on bids (MBT is non-dealing desk and TS uses a dealing desk broker). So be careful and compare by having multiple platforms up and see whose quotes are real or whose are not.

Share this post


Link to post
Share on other sites

Thank you for your advice - I'll be extra carefull now.

 

But to gets thing right... The charts I've attached, are they wrong? Is it possible to have an opening price greater than the closingprice?

Share this post


Link to post
Share on other sites

Saxo has a bad reputation out there.

 

Try Oanda (better) or Interactive Brokers if you want to trade currencies.

 

Try Interactive Brokers if you want to trade worldwide futures or stocks.

 

They are the standard by which all others are judged.

Share this post


Link to post
Share on other sites
Thank you for your advice - I'll be extra carefull now.

 

But to gets thing right... The charts I've attached, are they wrong? Is it possible to have an opening price greater than the closingprice?

 

Having the correct correct data feed is essential. It's normal to see opening price different from closing prices etc. due to gaps. But double-check for reliability of the data by comparing sources, and of course, checking current users of the platforms.

Share this post


Link to post
Share on other sites

Just because you live in Denmark doesn't mean you can't use US brokers. I live in UK and have my trading funds in a US Dollar brokerage because the UK brokers charge too much.

Share this post


Link to post
Share on other sites

Yes I know I can choose from a variety of brokers, but I'm a bit afraid of the delay between my station and the Nordic Stock Exchange if it's routed through an US-broker? or?

Share this post


Link to post
Share on other sites

Interactive Brokers hosts your connection on the US, Hong Kong or Swiss servers depending on which part of the world you are trading. I suspect the Nor-Switzerland-Nor delays would be acceptable for most forms of trading.

 

Thats assuming they have your stocks in their product list. You'll need to check on their website.

Share this post


Link to post
Share on other sites

I trade the US markets and the DAX which is connected to Eurex and it's no problem to me. However I don't mind a 150ms delay which is about the average from UK. Not sure what the delay would be from Denmark, no more than 200ms, however you might want to test it if you need sub-second response times.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • MNST Monster Beverage stock, top of range breakout above 60.45, from Stocks to Watch at https://stockconsultant.com/?MNST
    • ...hallucinates.... Student: “What if we gave the monkey LSD?” Guru: “The monkey already did LSD”
    • Question: To those that had/have cancer, what were the signs that made you think “something is not right here” to make you go see a doctor? Answer: So, 5/25/2018, I woke up, got ready for work, and as I walked to my car, I started gagging. Like something was stuck in my throat and I needed to clear it. And then it went away.   But 10 minutes after that, I was T-boned at 40mph on the driver side door. But what made me see a doctor was while my muscles felt better and bruises were going away, the gagging still continued, I started having fevers, my neck felt swollen, I was having such a hard time breathing, and I'd have random sharp pains in my chest, but not from where the seat belt saved me.   2 weeks after the accident, I finally see an urgent care doctor, who looks me over, tells me I'm fine, but luckily requests a neck X-ray. And I ask for a chest X-ray, which he rolls his eyes but let me have (most of my pain was in the neck, so I understand).   The very next day, he calls and says “So, that chest X-ray shows there's a 4 inch mass on your heart and lungs, and your lungs have been filling up with fluid, as well as in your pericardial (heart) wall. We need you to come in tomorrow.”   Turns out the big mass, due to the accident, caused my heart and lungs to tear and fill with fluid, the swollen neck and gagging was caused by 2 metastasized tumors, and the fevers and weight loss were symptoms. Stage 4b Hodgkin's Lymphoma.   But thankfully, we went very aggressive with chemo (and had a lot of bad side effects that don't normally happen to patients), and now I'm about 16 months cancer-free. Yay lucky X-rays! Rachel Jurina, Quora Source: https://www.quora.com/To-those-that-had-have-cancer-what-were-the-signs-that-made-you-think-something-is-not-right-here-to-make-you-go-see-a-doctor   Profits from free accurate cryptos signals: https://www.predictmag.com/  
    • As a man, the reality of life is the harshest part. I don’t mind looking older or becoming weaker over time; it’s nature.   Have you ever heard that the only people who will be loved unconditionally are women and children? Men will only be loved as long as they can provide until they are no longer needed. It doesn’t matter if you already did your best to get your kids to the best school or get the best things for them, if you stop before they’re done with it, there will be no thank you. The only thing they will remember is that they have to quit school at 15, ignoring all the previous 15 years of life you provided for them. The only people who will accept you, no matter what, are your parents. But in this situation, you might be that ungrateful child.   EDIT: Wow, I didn’t think this would get so much attention.   For those who disagree, I can only say that everyone has their problem. If you don’t get the chance to face such a thing, be grateful. Remember, sometimes what you throw in the garbage is something that someone wishes ever to have.” – ElZee, Quora   Profits from free accurate cryptos signals: https://www.predictmag.com/    
    • The good thing i had noticed so far is that the traderpot value is also on the rise..
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.