I am wrapping up the forex+cfd+gold/oil broke r live acc test now with positive results...
now biz changed and no longer see good trading oppotunity in future/cfd soon.
I have no interest trying out mt4 or EA,,, so I want to take some time test out the ECN brokers...
assume some paper work needed so I can rest for a while.
here is the list of criterias looking for, background is I am still learning or never learned scalping very well,
so my goal is to look for a starter ECN that reasonably can trade for a year to grow into maturity w/o blowing my acc.
1. reasonable trading size is #1
1k$ unit is preferred, if not 0.1lot is a must, not considering 1 lot yet
2. still affordable deposit fee is preferred...
I know most ecn does not accept cc deposit, but try to save much as a learning cost
3. ff preferred or recommended is prioritized, must be regulated with good reputation on FPA
4. trading platform stable, easy to use or at least I can view mt4 chart to place order in ecn
5. spread, roll-over, etc considerations
Now this is the list under consideration:
1. mbt-f, only ecn that is ff preferred, microlot, 400$ acc/1k$ position, ideal
I already opened live acc w/o wire in money, known issue is roll-over fee
2. interactivebrokers... biggest ecn, 10k$ acc/25k position size
well this big one is always there in any broker bench-marking..
I already opened live acc w/o wire in money, known issue is platform not good to use(?), monthly fee
3. atcbrokers... very good feedbacks on FPA, a bridge to currenx(fxcm)
I don't know why it support 10k position size but fxcm only support 1 lot. (jason let me know if else fxcm supports 0.1lot ecn then I switch)
because of this reason, I have to try atc but assuming it finally is through a preferred broker.
4. broco...
I thought of adding fxo or broco, but then answer is clear... fxo runs for 1 month, broco runs for 2 yrs and I used it's demo for free for few months.
fxo trades only 1 lot, broco trades 10k unit, and maxey don't hate broco but hate fxo... then broco will be tried 1st (who knows he might be robbing fxo right now)
other reason is deposit 1k$ to broco trade 0.1 lot at least I can survive and take back my deposit, deposit 1k$ to fxo to trade 1 lot I may be dead in a shot... but I am aware that broco have some known issue...why they start mt4 ecn so early but eventually cooled-down?
5. 1 lot brokers (backup)
fxcm(currenx), fxo(duka? to be verified) (no idea about dbfx, saxo yet)
6. in order to bench mark above,
I will also try some trades in oanda because I have impression that quiet market oanda limit order fills match ecn...
and then key is no ecn except mbtf gives 1k unit position size... it is said that ecn news trading can be very profitable but it has to be verified.
other than that can ecn be more profitable than oanda trading e/u I doubt that...; but for sure other cross pairs maybe spread is better.
friends told me even with 3/4pip at fxsol they can scalp well... personally I won't try that haha; broker's own level2 platform STP will not be tried so sorry delta.
stay tuned.... feel free to add to this list.
[monday edit] one of my open cfd order exit was not smooth today and got a hit, also a pile of work rushed end of month, may push ~1 month before trying this new ecn things then.
now biz changed and no longer see good trading oppotunity in future/cfd soon.
I have no interest trying out mt4 or EA,,, so I want to take some time test out the ECN brokers...
assume some paper work needed so I can rest for a while.
here is the list of criterias looking for, background is I am still learning or never learned scalping very well,
so my goal is to look for a starter ECN that reasonably can trade for a year to grow into maturity w/o blowing my acc.
1. reasonable trading size is #1
1k$ unit is preferred, if not 0.1lot is a must, not considering 1 lot yet
2. still affordable deposit fee is preferred...
I know most ecn does not accept cc deposit, but try to save much as a learning cost
3. ff preferred or recommended is prioritized, must be regulated with good reputation on FPA
4. trading platform stable, easy to use or at least I can view mt4 chart to place order in ecn
5. spread, roll-over, etc considerations
Now this is the list under consideration:
1. mbt-f, only ecn that is ff preferred, microlot, 400$ acc/1k$ position, ideal
I already opened live acc w/o wire in money, known issue is roll-over fee
2. interactivebrokers... biggest ecn, 10k$ acc/25k position size
well this big one is always there in any broker bench-marking..
I already opened live acc w/o wire in money, known issue is platform not good to use(?), monthly fee
3. atcbrokers... very good feedbacks on FPA, a bridge to currenx(fxcm)
I don't know why it support 10k position size but fxcm only support 1 lot. (jason let me know if else fxcm supports 0.1lot ecn then I switch)
because of this reason, I have to try atc but assuming it finally is through a preferred broker.
4. broco...
I thought of adding fxo or broco, but then answer is clear... fxo runs for 1 month, broco runs for 2 yrs and I used it's demo for free for few months.
fxo trades only 1 lot, broco trades 10k unit, and maxey don't hate broco but hate fxo... then broco will be tried 1st (who knows he might be robbing fxo right now)
other reason is deposit 1k$ to broco trade 0.1 lot at least I can survive and take back my deposit, deposit 1k$ to fxo to trade 1 lot I may be dead in a shot... but I am aware that broco have some known issue...why they start mt4 ecn so early but eventually cooled-down?
5. 1 lot brokers (backup)
fxcm(currenx), fxo(duka? to be verified) (no idea about dbfx, saxo yet)
6. in order to bench mark above,
I will also try some trades in oanda because I have impression that quiet market oanda limit order fills match ecn...
and then key is no ecn except mbtf gives 1k unit position size... it is said that ecn news trading can be very profitable but it has to be verified.
other than that can ecn be more profitable than oanda trading e/u I doubt that...; but for sure other cross pairs maybe spread is better.
friends told me even with 3/4pip at fxsol they can scalp well... personally I won't try that haha; broker's own level2 platform STP will not be tried so sorry delta.
stay tuned.... feel free to add to this list.
[monday edit] one of my open cfd order exit was not smooth today and got a hit, also a pile of work rushed end of month, may push ~1 month before trying this new ecn things then.