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Date/Time: Sat, 18 May 2024 06:22:25 +0000

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Post From: OTC forex broker connectivity

[2015-10-09 00:00:14]
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Vizhouz - Posts: 6
Hey,

to be honest I really don't like the way this is going, I've already read up on the last tries to get new brokers and saw that you got burned on IGMarkets/LMAX but lets be honest, IGMarkets was unfortunate and shit like that happens but I don't think you shouldve really expected that many people to use LMAX since its not that popular. And I also think just because you got burned on these two things you can now stop trying to get new brokers and instead just tell them "Yea use our protocol or we won't partner with you". I really really like your software and it's great but I don't think you're in the position to do that, since tbh, besides BMT I've almost never heard of SierraChart on popular forums and if a broker had to chose I'm quite sure they will rather implement the more used and easier to implement software and not adapt your protocol. The lack of advertising might also be a problem, not that big of a problem but like I said I think you're not that well known to get brokers to adapt your protocol.

Right now you really lack good brokers, especially forex brokers. FXCM isn't really recommendable after the SNB fiasco and also there's no reason to use FXCM if you have to have a balance of 10k to even use FXCM live accounts with sierra since if you have 10k, you would rather use IB. And in the end IB is the only big name besides TD Ameritrade, which is only for stocks, in your broker list.

You really lack these well known big brokers like Oanda, MB Trading, etc. and I don't think you can afford to just refuse to try your hardest to get these big brokers because in the end you'll die out if there are no big brokers left you could trade with.

I really like Sierrachart and I hope you'll get brokers like Oanda someday, since I've also read that you asked people to send Oanda these dtcprotocl requests.

Kind regards