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Need a 5 decimal 500:1 MICRO mt4 broker who is happy with scalping/hedging/ea clients

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  • Post #1
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  • First Post: May 20, 2009 10:03pm May 20, 2009 10:03pm
  •  CashBox
  • Joined Jun 2007 | Status: Member | 698 Posts
I need a 5 decimal 500:1 (or 400:1 will do) MICRO (NOT mini) mt4 broker who is happy with scalping/hedging/ea clients. And they need to accept US citizens as clients.

Any help would be appreciated as I've been Googling this for a couple of weeks and e-mailing and live chatting with more brokers than I care to with zero success. Thanks in advance for your help!!!
  • Post #2
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  • May 21, 2009 6:50am May 21, 2009 6:50am
  •  skyline
  • Joined Apr 2006 | Status: Metatrader Programmer | 1,391 Posts
Quoting CashBox
Disliked
I need a 5 decimal 500:1 (or 400:1 will do) MICRO (NOT mini) mt4 broker who is happy with scalping/hedging/ea clients. And they need to accept US citizens as clients.

Any help would be appreciated as I've been Googling this for a couple of weeks and e-mailing and live chatting with more brokers than I care to with zero success. Thanks in advance for your help!!!
Ignored
You can give a try with Alpari UK http://www.alpari.co.uk , I'm an happy client since 6 months. They have 1:500 account with 5 digits and micro account.
Hope this help you

Cheers,
Skyline
  • Post #3
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  • May 21, 2009 10:39am May 21, 2009 10:39am
  •  CashBox
  • Joined Jun 2007 | Status: Member | 698 Posts
Thanks for trying to help, but Alpari-UK doesn't accept US citizens as clients. Any other suggestions? Anyone. Anyone. Bueller...Bueller...Ferris Bueller...Anyone?
  • Post #4
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  • Jul 4, 2009 7:02am Jul 4, 2009 7:02am
  •  availdollars
  • | Joined Dec 2006 | Status: Member | 190 Posts
try www. liteforex.org
  • Post #5
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  • Jul 5, 2009 12:55pm Jul 5, 2009 12:55pm
  •  CashBox
  • Joined Jun 2007 | Status: Member | 698 Posts
Thanks for your response. Never heard of them before. And after reviewing their website, I'm still looking for a broker.
  • Post #6
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  • Jul 5, 2009 1:36pm Jul 5, 2009 1:36pm
  •  MyaNyx
  • | Additional Username | Joined May 2009 | 305 Posts
Fxopen, Ikofx.
  • Post #7
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  • Jul 5, 2009 8:13pm Jul 5, 2009 8:13pm
  •  pogibaby
  • | Joined Mar 2005 | Status: Member | 59 Posts
I am looking for the same type broker, which also has the gbp/nzd.
  • Post #8
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  • Jul 5, 2009 10:18pm Jul 5, 2009 10:18pm
  •  AdamN
  • | Joined May 2009 | Status: Trading&Programing as Hobby | 209 Posts
Have you try looking in this link: http://www.forexfactory.com/brokers.php
  • Post #9
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  • Sep 1, 2009 1:14pm Sep 1, 2009 1:14pm
  •  windo
  • | Joined Aug 2009 | Status: Junior Member | 1 Post
Quoting AdamN
Disliked
Have you try looking in this link: http://www.forexfactory.com/brokers.php
Ignored
Thanks for info =)
  • Post #10
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  • Sep 3, 2009 7:42am Sep 3, 2009 7:42am
  •  earlyr
  • | Joined Sep 2009 | Status: Member | 6 Posts
the forexfactory broker link isnt too good for this type of broker.

I use alpari uk which are ok. The only problem is that they have a 2 Std Lot limit.

I am also looking at the following brokers

Prime4x
IKOFX
FXOpen

does anyone have any comments on these brokers?
  • Post #11
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  • Sep 3, 2009 1:23pm Sep 3, 2009 1:23pm
  •  oakmonster
  • | Joined Jul 2008 | Status: Member | 356 Posts
Quoting earlyr
Disliked
the forexfactory broker link isnt too good for this type of broker.

I use alpari uk which are ok. The only problem is that they have a 2 Std Lot limit.

I am also looking at the following brokers

Prime4x
IKOFX
FXOpen

does anyone have any comments on these brokers?
Ignored
FXOpen has a bridge to Dukascopy and is 5 digits, but minimum lot size of 1.00 lots might be a problem for you. It's not micro
  • Post #12
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  • Sep 3, 2009 5:25pm Sep 3, 2009 5:25pm
  •  Eban
  • | Joined Aug 2009 | Status: Member | 17 Posts
Quoting CashBox
Disliked
I need a 5 decimal 500:1 (or 400:1 will do) MICRO (NOT mini) mt4 broker who is happy with scalping/hedging/ea clients. And they need to accept US citizens as clients.
Ignored
What else? Should that broker be also happy to execute your orders at better then market price?
  • Post #13
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  • Sep 4, 2009 1:14am Sep 4, 2009 1:14am
  •  Fulltime247
  • | Commercial Member | Joined Oct 2007 | 589 Posts
Quoting Eban
Disliked
What else? Should that broker be also happy to execute your orders at better then market price?
Ignored
PLUS All want for Christmas is my two front teeth, my two front teeth...
  • Post #14
  • Quote
  • Sep 4, 2009 2:37am Sep 4, 2009 2:37am
  •  oakmonster
  • | Joined Jul 2008 | Status: Member | 356 Posts
Quoting Eban
Disliked
What else? Should that broker be also happy to execute your orders at better then market price?
Ignored
Why not? I've been slipped in my favour on my ECN account
  • Post #15
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  • Sep 4, 2009 4:53am Sep 4, 2009 4:53am
  •  AdamN
  • | Joined May 2009 | Status: Trading&Programing as Hobby | 209 Posts
Anyone ever heard IntelFX (i never heard of it before), i just got email from them today(not sure where did they get my email from).

They claim to be STP offering ECN like spreads(starting from 0 pips on all major), leverage upto 1:500, minimum deposit only $10 (LOL ), deposit bonus upto $500, all trading style & EA allowed, not sure about digits.

Their spreads tempt me, may be i'll try them after i get my EA to works in the long run
  • Post #16
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  • Sep 4, 2009 10:26am Sep 4, 2009 10:26am
  •  earlyr
  • | Joined Sep 2009 | Status: Member | 6 Posts
i opened a demo account but my EA is not working. I think they have some issues
  • Post #17
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  • Sep 5, 2009 6:21am Sep 5, 2009 6:21am
  •  AdamN
  • | Joined May 2009 | Status: Trading&Programing as Hobby | 209 Posts
Quoting earlyr
Disliked
i opened a demo account but my EA is not working. I think they have some issues
Ignored
Do you mean by not working the EA didn't make any trades at all?
Is the issue from your EA or the server?
  • Post #18
  • Quote
  • Sep 7, 2009 3:28am Sep 7, 2009 3:28am
  •  earlyr
  • | Joined Sep 2009 | Status: Member | 6 Posts
my fault.. i suppose.. i was trying to place the take profit when placing the initial market order. It seem to be one of those brokers where you first make the order and then modify it to put on the TP value.
  • Post #19
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  • Sep 7, 2009 4:38am Sep 7, 2009 4:38am
  •  AdamN
  • | Joined May 2009 | Status: Trading&Programing as Hobby | 209 Posts
Quoting earlyr
Disliked
my fault.. i suppose.. i was trying to place the take profit when placing the initial market order. It seem to be one of those brokers where you first make the order and then modify it to put on the TP value.
Ignored
I see, thanx for clarifying it
Do you have any other problem with it,
because i heard it also showing weird error message when trying close an order, like "Not enough money" LOL how come closing an order need money XD
  • Post #20
  • Quote
  • Sep 8, 2009 2:27pm Sep 8, 2009 2:27pm
  •  earlyr
  • | Joined Sep 2009 | Status: Member | 6 Posts
no other issues, but i havent tested fully and doubt i will do. seems like there is no real choice for quality brokers for entry level people like myslef.
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