As things ramp up in my trading operation, I’m getting more
experience with FinProTrading.com . I don’t think I’ll be telling
any “secrets” which are not publicly available.
They emailed a client letter advertising “lower latency” and I think
I already addressed that by measuring right around 60-70 MSEC
round-trip Order Times (and that’s subtracting out our 105 MSEC
ping round-trip time from our Miami, FL server).
THE “PRO” IN FinPROTrading is very definitely true. This is a brokerage
for specialist scalpers and other “PRO” traders in the retail space
at least.
The MetaTrader 4 Tick feed is so detailed and FAST that it’s actually
possible to “read” market direction off the Tick Chart on MT4 and
“see” when the BID is dropped due to a large Retail Seller. With a
bit of Analytics, this can help Scalping to determine when a market
is about to turn, even without a Market Depth to watch.
They did Offer a Colocated VPS Server, available to all clients, which
will offer a Latency to their servers of ONE MSEC or less. I looked
into this, but our software needs more Power than a VPS can deliver.
So we needed a Dedicated server. Their rep “George” looked into
this for me, as they are working with Webzilla in their Colocation
of servers at their data center.
Ultimately, however, going with their quoted Dedicated Quad Xeon
offering was going to require a $200 / month fee, and so I thanked
him for getting the quote, at least. Note that their basic VPS colocation
offerings are much less expensive for less demanding applications.
Which brings me to our solution to this Latency issue by situating
a dedicated server in Amsterdam. Both Tradersway.com and FinProTrading.com
say their backend data centers are in Amsterdam.
SO I FOUND A DEDICATED HOST in Amsterdam, QuickServers.com
and they are offering a Intel Xeon E3-1225 - 16GB RAM - 250GB SSD
plus a basic DirectAdmin console for recovery, etc., and 25GB of
local on site storage for backup ISO images all for… wait for it !!!
Euros 58.00 / month so I think we’ll shortly be situating a server there, and
expecting to eliminate much of our current 100 MSEC ping times…
I’ll get back to you on how this works in a month or so…
Getting back to FinProTrading.com I’d just like to continue to support
them as just about the best I’ve seen for really Demanding retail
scalping, if that is part of your strategy. Their support is very good,
and they are able to offer leverages in the 400:1 range. Other
performance stats, I could tack on here, but just to say I have NEVER
had any “off quotes” Order Rejections, and so this is simply a very
good brokerage, RESTRICTING my comments only to FOREX .
Good Trading !
hyperscalper