It is time to sum up the results of the educational seminar

The educating seminar took place in Malaysian capital Kuala Lumpur. It was organized by
InstaForex Company - the international Forex-broker – for its numerous clients from this Asian region. Except traders from Malaysia the seminar was visited by the citizens of Singapore and Indonesia.

Such grands of the forex education like Choo Koon Lipf from Forex Asia Academy and Benny Teo, representing Priceactionfx took part in the conference, presented their reports. Both professors came specially for the seminar from Singapore.

In many ways thanks to the status of the guests and speakers the educational conference rolled on in a friendly, and what is important, in a constructive way. Everyone visited the meeting was contented, because he/she got lots of useful information and found the answers to many questions.

Besides, within the framework of the seminar the prizes were drawn, among them were 5 certificates in the amount of 500 USD credited to trading accounts, 3 multiplayers iPod and one iPhone. The total prize fund of the conference was more than 5k USD.

InstaForex Company gives thanks again to the guests and participants of the seminar and invites everybody to visit our next meeting.

InstaForex-TV - the channel of hot Forex-news
The Trader Section of the official InstaForex website was updated with a new inset «Insta TV». From now onward at the following link news-videos are available for every visitor of the site.

The Video-News Section there includes the latest information about fluctuations at the international rate exchange market. InstaForex-TV channel is going to provide currency traders with the recent tidings about rate exchange movements and also to make forecasts how they will affect the currency pairs in the coming future. If you trade using the intraday trade method or fundamental analysis, the newscast from our channel would be especially useful for you.

By this time you can view 2 video clips in our video library. Do not forget to watch for updates!

This post has been edited by IFXekaterinaPR: Aug 26 2009, 06:25 AM

Hello,

Instaforex is ECN or Market Maker?

If its ECN then answer my following questions -

a) Can you give a pictorial ECN model of Instaforex?
b) Where is the liquidity and market depth?
c) Who are your liquidity providers?
d) How come fixed spreads?
e) Why do you have requotes? ECN brokers don't have any?
f) Why you banned me from your official forum when I asked few simple questions without any bad words about your FFMS licenses and ECN status?

Hello, dear BossOfHyips from Talkgold.
First of all, what is ECN-broker? If we search the Internet we will find the next definition:
ECN Broker is a type of Forex brokerage firm that provide its clients direct access to other Forex market participants. ECN brokers don't discourage scalping, don't trade against the client, don't charge spread (low spread is defined by current market prices) but charge commissions for every order.

In this connection, do you see any discrepancy between InstaForex activity and activity of ECN-broker?

Reqoutes are the consequence of the trading system offered by InstaForex, videlicet hedging of a part of deals inside the company and another part - by the company's liquidity providers. One of our liquidity providers is Deutsche Bank.


You have not been banned! Why do you think this way?

a) ECN broker always have variable spread. Fixed spread in totality means that you are making up the spread to a fixed amount. For example, DB interbank spreads vary from 0.1 pip to 1.5 pips in normal market conditions.
However, Instaforex acc holders will always get 3 pips irrespective of the spread the DB quotes to you.

Does it sound to you like any ECN structure? Making up the spreads?



Yes, everything is discrepant.
a) Your spreads are fixed which an ECN can never provide.
b) You cannot provide the names of your liquidity providers. Ask any ECN network in the world, they would readily provide you the names of their liquidity providers. By ECN I am talking of reputable forex brokers like MarexFinancial, LondonCapitalGroup etc which are white labels of Currenex and 2nd tier prime brokers.
c) You don't provide what is the liquidity in the system.
d) In your talkgold explanation, you mentioned that you "hedging of a part of deals inside the company and another part - by the company's counteragents."
For your information, there are no order hedging in ECN. Order is being passed on the liquidity providers.
e) Can you explain your ECN model by a representation like http://www.dukascopy.com/swiss/english/for...business_model/!
No, you can just say empty words only. Nothing else.


For your information, requotes happen only when you have put your manager terminal order execution to manual and not automatic. In case its automatic, order is executed in split of the second.

No ECN network in the world will give a requotes (other than your claimed Instaforex ECN). There is slippage but never a requote.
If I am wrong, prove yourself with the example of an ECN which gives requotes!


I already said, "hedging a part of deals inside the company" means you hedge the positions of the traders. It is precisely what is called MarketMaking.



Oh yeah, DB. Tell me what is the institutional platform of DB?
If you remember, CURRENEX was also your liquidity provider in talkgold forum, untill I pointed out that Currenex is a platform like MT4. Since "My broker is MT4" doesn't make sense, same was the sense of your statement there.


No comments.

Our spreads are very low, so our clients do not have any claim regarding the spreads size!

Your points does not have any relation to THE DEFENITION I HAVE PUBLISHED. If "everything is discrepant" as you say, then be so kind to NAME WHAT EXACTLY?

Why can not we provide the names? We have already named you Deutsche Bank, what is wrong with it? UBS is also our liquidity provider.

But our model of ECN assumes hedging a part (NOT ALL DEALS, but JUST A PART) of deals inside the company.

Stop behaving yourself like teen-ager! So you need us to lay out an animated diagram to prove we are ECN-broker? What else item of art do you want us to create??

Till we hedge a part of deals inside the company avoiding of requotes is impossible. But as soon as possible our trading system will be updated.


If you remember, at talkgold you got the next explanation regarding Currenex:
According to our agreement with Currenex, they are referring InstaForex to their providers using Currenex technology who can provide us with additional liquidity.

Ask this question Ducaskopy representatives. Why do they name Currenex their liquidity provider?

Dear ForexisGood (BossOfHyips),

I just can't understand the aim of your pursuit. Are you our client? - NO; Were you our client? - NO; So, how can you judge?
We do not consider a conversation about the reliability serious with the person who advertises HYIP and seems to be the owner of this doubtful project.

Due diligence. Here I haven't called any names to you.
I am just asking basic questions which of course you shouldn't have a problem to answer, as long as you have the answers with you.


How is that related to providing the information about your ECN status and my simple questions.


Am I judging anything this far?
No, I have just asked some questions and letting others to judge themselves



I play in hyips with my play money and what I can afford to lose. You said that I am related to WLInvestments and I said on talkgold forum that all hyips are SCAM. So WLInvestments will not be an exception.

However, as far as seriousness of conversation is concerned, I find you people more inclined to answer the questions which are not being asked and skipping those which needs to be answered.

Additionally, none of your employees were able to answer my post which cut opened Darika's ECN proofs.


I expect that you would refrain from making the comments which are out of context and would better stick to reply the questions which have been thrown onto you

Have I asked you, whether your spreads are low or not?

I have asked you how your spreads are fixed and you are ECN at the same time?
Interbank spreads are always variable and if you are giving fixed spreads, it directly means that you are making up the spreads.

It is against YOUR quoted ECN definition - don't charge spread (low spread is defined by current market prices) but charge commissions for every order.





a) Fixed spreads
b) No commissions
c) No liquidity to view
d) Requotes




Why are you so frustrated with simple questions? Are you doing any charity by giving names of liquidity providers?

The wrong thing with DB was it requires you to open an account of size $10 mln + minimum deal size if $500,000.

So tell me how can my $10,000 orders (mini lots) are cleared in your ECN model??

Do you understand what I am saying. You are naming a liquidity provider to which you pass on the trades and your liquidity provider don't accept orders of size below 5 standard lots. But you accept even 0.01 mini lots?

How is that possible?

So don't shoo me off by giving the names of big banks from searching in wikipedia. Give me the names of liquidity providers you use to clear your standard lots or lower size orders!

As far as UBS is concerned, their minimum deal size is $500,000 (5 standard lots) as well. So another unsubstantiated claim from you






Hedging a part of deals "inside the company"??????

Are you serious? If thats ECN then what would you call Market Making?
Hedging the clients order by a broker is precisely known as market making.





Stop getting frustrated like a teen-ager.



I haven't said animated. A simple flow diagram should do.
You don't have enough things to substantiate your claims.

a) You give liquidity providers which accept 5 standard lot minimum deal size and you accept 0.01 mini lot deal size and still claim that you are ECN.
b) You hedge the orders of the clients and still claim that you are ECN?
c) You have fixed spreads and make up the spreads and still claim that you are ECN?
d) You cannot show the liquidity of the system and still say that you are ECN?

What else should I say? If you don't provide substancial answer to this, then provide your ECN model. If there isn't then think and tell me.

What proof you have you are ECN other than your own words??? (look back again the matter about before answering this particular sentance).




ECN don't hedge and ECN don't have requotes. Its as simple as that.
Thats why I say you are not ECN. You hedge the orders of clients and you give requotes. Both are not the characteristics of ECN.




Name those "providers" which are referred by currenex and clear your mini lot orders





Thank you. I have already asked the question to them and I also know the answer very well myself.
But is this the way you reply to simple questions like?

If our spreads are floating, you will ask: why are your spreads unfixed?

I do not see any reason for your endless flow of senseless questions! Moreover you do this at several forums at the same time! Isn't this an attack? It is absolutely evident that you just seek small points to bug the company. Sorry, but we won't yield to your provocations.

You do not deny all HYIPS are scam, but you keep advertising it! Is it serious?

I ask you because you have fixed spread and you claim yourself ECN.
Give me 1, only 1 example of ECN broker which has fixed spread.



They appear to you senseless, however, you are in position to answer then individually. You always skip the questions which you cannot answer.

For example, I asked you

"
The wrong thing with DB was it requires you to open an account of size $10 mln + minimum deal size if $500,000.

So tell me how can my $10,000 orders (mini lots) are cleared in your ECN model??

Do you understand what I am saying. You are naming a liquidity provider to which you pass on the trades and your liquidity provider don't accept orders of size below 5 standard lots. But you accept even 0.01 mini lots?

How is that possible?

So don't shoo me off by giving the names of big banks from searching in wikipedia. Give me the names of liquidity providers you use to clear your standard lots or lower size orders!

As far as UBS is concerned, their minimum deal size is $500,000 (5 standard lots) as well. So another unsubstantiated claim from you
"

You are in no position to answer this question. It simply exposes your lie that UBS or DB is your broker.




So what? Instaforex advertises its good things in all forums then why couldn't I expose its drawbacks.
However at the moment, I am asking just simple questions.
All along, you kept ignoring those questions and keep answering unimportant stuff.
It's you who is stretching this conversation.



Whether I advertise hyip or I advertise viagra, thats none of your business!

By "unimportant stuff" you mean my comments concerning senseless of your questions. With great pleasure I would leave this work, but you force me to repeat again.

Even talkgold administrator mentioned about your childishness and annoyance. The history of your postings shows you like different challenges and wrangles, but our business is too serious to let you involve ourselves in your circus.

I simply cannot understand how you can escape answering such serious allegations.

I have proved in totality by both Contradiction and by Factuality that your business model has 100% correlation with the market makers and 100% contradiction with the ECN brokers.

You are still not in position to give name of at least 1 ECN broker which offers trading conditions having similarity to Instaforex's trading conditions.

Moreover, you lie that DB and UBS are your liquidity providers without explaining how you clear mini lots when both these banks have 5 standard lots as minimum deal size.

This explains how baseless your ECN system is. Instaforex is yet another market maker.


PS: Forum readers, I am 100% sure that Instaforex now will reply yet again to the statements which don't require reply, instead of explaining their points on DB and UBS status and giving example of ECN broker which works on Instaforex's model.

Why do you keep saying that we didn't reply anything to your questions? What about DB and USB, read carefully, please, because I'm very tired of repeating: before getting into the market all our client's deals are run the inside clearing, go across each other, summing up into the total position. It lets us enter the market through DB and UBS.

Сhanges in the rules of the contest
Please, pay attention that the contest rules "Real Scalping with InstaForex" were changed. Two clauses were added to the section V. "The winner specification". Now if during the week the number of the replenished accounts participating in the contest does not exceed 30 - the contest together with the replenished accounts will be carried next week forward.

Besides, for taking the prize-winning place the participant must make 10% profit for each of the following pairs: EURUSD, USDJPY, USDCAD, EURJPY, GBPJPY.

More detailed information is available on the contest page.