Marketiva vs NorthFinance

June 6, 2006

Some Marketiva issues:

They are not registered with any of the following, Futures Commission Merchant (FCM), National Futures Association (NFA), and Commodity Futures Trading Commission (CFTC).

That alone sends up red flags.

The only thing what is important is if a broker is registered. Marketiva isn’t! I asked them in an email about their registered number at the FDIC, where they claimed to be registered at. They answeed, that they are not registered and doesn’t need it to be ‘honest’.

Any business what is not registered can run away into the underground with your money! Like all the HYIPs out there.
I think that they even don’t trade your money for real and pay you the money from the losers in their platform because of statistics what says, that 95% of the newbies in forex lose. And it seems Marketiva search especially for newbies. Ask yourself why…

A new trader can only trade 100.000 units at the first month and can then increase the units bi-weekly. Why? I think because they don’t want investors what put in several thousand $$ at once because then they can’t pay it back if he makes a profit.

All good brokers develop their own trading platform include Marketiva. I don’t say northfinance not good but they just use Metatrader platform…

Marketiva hasn’t develop their own trading platform, they bought it from Novativa.

today 18 Nov, there was a big move in the morning on eur/usd, that is like raised 50 pips in 10 mins. i didnt lost anything to this matter, but many other did. Tte problem was we could not open/close any postion during the downtime as we keep getting disconnect and unable to reconnect. Marketiva claims they had a heavy DDOS attack caused their system down, this is not first time i see problem like this with them, im done with marketiva, i will soon close my account and move to fxcm.

Why the red flags? Since they aren’t a US company they shouldn’t have to register with US Authorities in order to be legit. At last check they don’t even accept US citizens into their system.

i use marketiva. i really like to try other programs as well. what about auto trading softwares ? (any success)

I like marketiva and its a good trader,am trading with marketiva since 1 year and i never had any compalints with them,I saw most of the users like marketiva.But 1,2 they dont,and i think they try to cheated with marketiva cos marketiva got some strict rules with 1 account policy.
if you are honest nothing will happen,if you try to scam or cheat,or scam any broker will banned you.

For Marketiva, feel very comfortable with them although their charting
tool is not great.

I find NorthFinance ok for the following reasons
- don’t experience any connection problems
- uses MT4 that offers great charting tools

Negative points about NorthFinance
- they don’t offer micro mini lots
- limit orders must be at least 10 pips from current price

I’ve noticed something about NorthFinance that i donot like. I love their spreads & leverage, also their guaranteed fill policy, but. their price feeds, their data feeds aren’t accurate, not as much as Oanda’s.
They are either 4 pips behinds in movement on the actual price, or they sometimes freeze during certain volity. They are a good, gair and honest broker, but.

I’d use more than one chart/platform when dealing on theirs if i were you.

I find their price feed very similar to Marketiva even market is very volatile.

I didn’t know that they have guaranteed fill policy.

I think FXCM also gives guaranteed fill as they advertised on their site.

Every retail broker has their own advantages and weakness. No one is perfect.

I trade with northfinance. It is russian, its kinda dangerous, but they have a HQ in cyprus too, which I just got back from seeing . Their staff can be dodgy, but there are 1 or 2 of the ladies who are good.
Its not a fantastic broker, it has the usual hiccups (sometimes stop hunted etc) but less than others I have tried. I do recommend interbankfx.com though as it is old and very trusted.

If you have a bit of money you want to invest, i suggest you stay with old and trusted, not new firms.

Which means marketiva and northfinance are both off the list.

If you can afford to lose money, just throw it anywhere

Great insight FXinvest, I agree – better to stay with the tried and true with live accounts.

Has anyone tried any of the ECN platforms like EFX, Coes or Hotspot? Supposedly they do not trade against you, so no stop hunting.

Apparently. Its not confirmed..

But the other services of oanda are pretty lame. So it only makes it an average broker.

Live feeders charge comissions, very expensive for the small investor. If i have 10 mil ill go to a live feed.

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