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R2D2 · 09-09-2006, 09:55

Hate to brake up the party guys, but COESfx is blowing smoke up everyone’s “donkey”. With The MT4 they are trying to promote.

MT4 isn’t even theirs nor dose it executes into their ECN. Not though Mini’s nor normal accounts. I know this because we were asked to evaluate MT4/Coesfx API a couple months back. In fact it’s imposable to get MT4 API to execute properly into any ECN API; the infrastructures just do not work together. So Knowing to Promote MT4 into ECN especially to IB would be a home run so they came up with another scheme to offer it anyway.

What they do is pretty simple yet very convincing. Thay use a cfgtrader white labeled MT4 (thay admit this with mini’s to throw users off) they run their ECN feeds into the MT4 server (that’s why when comparing COESfx MT4 to CoesFX ECN demo’s they are the same prices) but the execution side ( your trade) is not routed into CoesFX ECN, instead it’s routed to a retail dealing desk cfgtrader who owns the MT4 server. Now this is not a crime but it’s defiantly misleading and thought we should let all know what you’re getting into, I hate when firms try misleading us.

It’s rather simple to verify this; just ask the COESfx rep for a MT4 demo and a corresponding CoesFX in-house platform demo, if MT4 is truly placing orders into CoesFX ECN you will see trades corresponding into their in-house platform, if not the trades are not executing into the ECN their going somewhere else.

09-09-2006, 09:55	#5
R2D2 level 1 Join Date: Sep 2006 Posts: 6 Downloads: 0 Uploads: 0 Rep Power: 0	Re: CoesFX not worked out all bugs with MT4 Hate to brake up the party guys, but COESfx is blowing smoke up everyone’s “donkey”. With The MT4 they are trying to promote. MT4 isn’t even theirs nor dose it executes into their ECN. Not though Mini’s nor normal accounts. I know this because we were asked to evaluate MT4/Coesfx API a couple months back. In fact it’s imposable to get MT4 API to execute properly into any ECN API; the infrastructures just do not work together. So Knowing to Promote MT4 into ECN especially to IB would be a home run so they came up with another scheme to offer it anyway. What they do is pretty simple yet very convincing. Thay use a cfgtrader white labeled MT4 (thay admit this with mini’s to throw users off) they run their ECN feeds into the MT4 server (that’s why when comparing COESfx MT4 to CoesFX ECN demo’s they are the same prices) but the execution side ( your trade) is not routed into CoesFX ECN, instead it’s routed to a retail dealing desk cfgtrader who owns the MT4 server. Now this is not a crime but it’s defiantly misleading and thought we should let all know what you’re getting into, I hate when firms try misleading us. It’s rather simple to verify this; just ask the COESfx rep for a MT4 demo and a corresponding CoesFX in-house platform demo, if MT4 is truly placing orders into CoesFX ECN you will see trades corresponding into their in-house platform, if not the trades are not executing into the ECN their going somewhere else. Last edited by R2D2 : 09-09-2006 at 10:14.