4 decimal price broker @ Forex Factory

mlawren2 · #1 Jul 12, 2010 4:16am

Hi folks
Can anyone help please? My broker IB FX have just changed my account to a 5 decimal price . I've tried to use these before and cannot get on with it ! Can anyone recommend a good 4 Decimal broker
Thanks

go4pips · #2 Jul 18, 2010 10:18am

I'm going to be leaving IBFX soon...as soon as I can find a broker with 4 decimals. Are there any 4 deimal brokers remaining in the US? Please advise....thanks.....

fx13 · #3 Jul 18, 2010 10:21am

Hi,

Why you cant to stick with 4 decimal as the market new standard is moving to 5 decimals? All 4 decimal brokers are market makers not my best choice. Also some use 5 decimals to be more tricky & widen the spread & maximaze their own profits.

Regards
13

profitmonit · #4 Jul 18, 2010 10:55am

You can use demofeed of another broker and make trades through this one.

TC East · #5 Jul 20, 2010 8:21pm

Quote:

Originally Posted by mlawren2

Hi folks
Can anyone help please? My broker IB FX have just changed my account to a 5 decimal price . I've tried to use these before and cannot get on with it ! Can anyone recommend a good 4 Decimal broker
Thanks

FXDD

PipStar · #6 Jul 20, 2010 11:07pm

Quote:

Originally Posted by TC East

FXDD

Just received email from FXDD that they are moving to 5 decimals on August 15 but it seems they are sticking with instant order instead of moving to market order.

TC East · #7 Jul 21, 2010 2:31pm

Quote:

Originally Posted by PipStar

Just received email from FXDD that they are moving to 5 decimals on August 15 but it seems they are sticking with instant order instead of moving to market order.

Ok thanks. Haven't heard anything yet, but they still send stuff to my old email sometimes...

qwertymyfx · #8 Jul 26, 2010 1:51pm

fxopen gives you the option of both.

mlawren2 · #9 Jul 27, 2010 2:36am

Ok thanks folks , I'm trying out FXDD at the moment

witsnpips · #10 Jul 27, 2010 5:30pm

Quote:

Originally Posted by mlawren2

Ok thanks folks , I'm trying out FXDD at the moment

fxdd have terrible execution. you're better off with someone like fxcm, fxopen or gain.

mlawren2 · #11 Jul 28, 2010 3:06am

Ok , will look at the ones recommended . That's exactly the info I was looking for, thanks

TC East · #12 Jul 28, 2010 11:40am

Quote:

Originally Posted by mlawren2

Ok , will look at the ones recommended . That's exactly the info I was looking for, thanks

Probably best to try them out yourself and see what YOU think. You'll hear every opinion under the sun here. For what it's worth, I've had a live FXDD account for about 2 years trading both large and small lot sizes, and execution is generally excellent; not sure what the guy above is talking about. And he's recommending Gain?? Have you read the news about them lately?

FXDD is a bucketshop of course, but I've had MT4 accounts with IBFX, MIG, FxPro, Alpari, and IKON, and out of all those, execution at FXDD is by far the best.

Best wishes...

qwertymyfx · #13 Jul 30, 2010 7:02am

fxdd execution better than fx open's? give me a break.

TC East · #14 Jul 30, 2010 7:09am

Quote:

Originally Posted by qwertymyfx

fxdd execution better than fx open's? give me a break.

Lol....I never even mentioned FxOpen, but sure, you can have a break...

Steph · #15 Jul 30, 2010 10:52am

Quote:

Originally Posted by PipStar

Just received email from FXDD that they are moving to 5 decimals on August 15 but it seems they are sticking with instant order instead of moving to market order.

Look forward to the requotes then.

Dont understand what people have against 5 decimal place, that is the market. I'd rather have a 1.4 pip than 2 pip spread!