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Dukascopy / Molecule6


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Dukascopy / Molecule6

  #1 (permalink)
 
tderrick's Avatar
 tderrick 
Nashville, Tennessee
 
Experience: Intermediate
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Would someone explain to me the whole "Introducing Broker" concept??

So.... Molecule6 would become my broker, placing trades via Duka?


tia


AJ
Nashville, Tennessee


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  #2 (permalink)
kk240
Europe,Nomad
 
Posts: 84 since Nov 2010
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I think molecule6 is Introduce agent,
If you open your account in dukascopy and tell you had get info from molecule6.
Molecule6 will get money from your trading fees, and they rebate you 45% of those trading fees.

Don't ask me why dukascopy won't give you all 100% rebate to you if you found dukascopy without IA.
Anyhow I use molecule6 and they have strategy for you which is managing your trades, BreakEven,trailing stops.
its good hellpper application, if trading Jforex/dukascopy. I will not want to learn a new program again,new platform, which is not most user friendly. I don't know if dukas allready chanae they way how jforex is putting stops and targets, it was confusing ealier,comparing other platforms.

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  #3 (permalink)
 cpi65 
UK
 
Experience: None
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I replied on another thread, and I've spent all of about 5 seconds looking at the molecule 6 website, but basically what I think the deal is here is that M6 will quote you hit/lift prices directly from dukascopy and thats it... so they charge 55% or whatever of the Dukas. comm., but you can't make or trade at inside prices. M6 do that ... e.g prices at 84/5 and you life the 5s, M6 join the 4s (presuming M6 don't widen it a bit).

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  #4 (permalink)
 cpi65 
UK
 
Experience: None
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OK, I spent another 5 seconds looking at the website and it looks shit. If you want Dukascopy liquidity and the option of making or taking prices, do it with Dukascopy direct.

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  #5 (permalink)
 
sunpost's Avatar
 sunpost 
Pennsylvania, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB/Kinetick
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@cpi65 if you spent just 5 more seconds on that site

It is important to know that by using us as Introducing Agent :
* Your spreads will stay the same
* Your commission will stay the same
* Your service/execution will stay the same
* Everything will stay the same !!
* You just get more money, more services and Free programs

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  #6 (permalink)
 cpi65 
UK
 
Experience: None
Platform: -
Posts: 154 since Aug 2010
Thanks Given: 12
Thanks Received: 75


sunpost View Post
@ cpi65 if you spent just 5 more seconds on that site

It is important to know that by using us as Introducing Agent :
* Your spreads will stay the same
* Your commission will stay the same
* Your service/execution will stay the same
* Everything will stay the same !!
* You just get more money, more services and Free programs

What do you mean "spreads will stay the same"?

Only peole I know that keep their spreads the same are the bookies.
Same spreads isn't representative of the liquidity you offset on.

Can I make prices with Molecule6?

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  #7 (permalink)
 
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 sunpost 
Pennsylvania, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: IB/Kinetick
Trading: Forex
Posts: 60 since Aug 2010
Thanks Given: 202
Thanks Received: 42


cpi65 View Post
What do you mean "spreads will stay the same"?

Only peole I know that keep their spreads the same are the bookies.
Same spreads isn't representative of the liquidity you offset on.

Can I make prices with Molecule6?

Your account would be with Dukascopy, not Molecule6.

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  #8 (permalink)
 cpi65 
UK
 
Experience: None
Platform: -
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sunpost View Post
Your account would be with Dukascopy, not Molecule6.

So, err, can I make prices through Dukascopy?

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  #9 (permalink)
kk240
Europe,Nomad
 
Posts: 84 since Nov 2010
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I don't know what people are writing here if they don't know. If they don't use or have a experience.

I got better deal, because I opened account, and I told my IA is molecules6. Because I get back from trading fees.
example my bid/ask spread didn't affect at all usually 0.6 - 1.2 EURUSD.
My trading is not so expensive.
My account is still in dukascopy, molecule6 don't know nothing about my account.
Dukascopy rebate my account, not molecule6.
My account manager is from Dukascopy not on molecule6.
I don't understand Dukascopy bussiness politics.
Anyhow I get good fills,smaller trading fees.
Or maybe I am so F stupid.

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  #10 (permalink)
 kingich 
Zagreb, Croatia, Europe
 
Experience: Beginner
Platform: Dukascopy
Broker: Dukascopy SA
Trading: forex
Posts: 110 since Jan 2011
Thanks Given: 55
Thanks Received: 71


molecule6 doesn't have nothing to do with your account, unless you are under managed account but then you're not trading on your own ....

he's just getting fee as he brought you as a client to dukas ... but returns part of it back, in order to get more clients....

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