Hey guys,
Need some serious broker advice. My MM plan calls for bigger and bigger lot size to maintain a daily 30p profit and 2.5% daily risk/loss. So far my broker FXPro seems to be OK. But I am not sure if this is the best option as I move towards 4-5 lots (possibly more later next year). I have also learned to appreciate the value of small spread. So I made the following list of parameters that I need to consider but I would like some experienced traders to offer/suggest their opinion:
1. Fast execution for 4-5 or more lots
2. Allow quick profit taking (seconds to minutes per trade)
3. Have accounts also available in EUR so that I don't have to take currency risk in my account balance (isn't this ironic? I want to minimize currency risk but I invest in forex?)
4. Should I consider only ECN? I don't mind some commission.
5. As small spread as possible
6. No issues with regular withdrawals
To start the discussion, I noticed FinFX which in demo has very good features but I have no live experience with it to say anything more.
Thanks in advance,
Kostas
P.S. Since I don't want this to degenerate into a typical Broker Discussion thread, I have limited posting to only members with at least three vouches. Please post your opinion, only if you have a direct experience from a good broker.
Need some serious broker advice. My MM plan calls for bigger and bigger lot size to maintain a daily 30p profit and 2.5% daily risk/loss. So far my broker FXPro seems to be OK. But I am not sure if this is the best option as I move towards 4-5 lots (possibly more later next year). I have also learned to appreciate the value of small spread. So I made the following list of parameters that I need to consider but I would like some experienced traders to offer/suggest their opinion:
1. Fast execution for 4-5 or more lots
2. Allow quick profit taking (seconds to minutes per trade)
3. Have accounts also available in EUR so that I don't have to take currency risk in my account balance (isn't this ironic? I want to minimize currency risk but I invest in forex?)
4. Should I consider only ECN? I don't mind some commission.
5. As small spread as possible
6. No issues with regular withdrawals
To start the discussion, I noticed FinFX which in demo has very good features but I have no live experience with it to say anything more.
Thanks in advance,
Kostas
P.S. Since I don't want this to degenerate into a typical Broker Discussion thread, I have limited posting to only members with at least three vouches. Please post your opinion, only if you have a direct experience from a good broker.