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MT4 favorite Brokers - as low as 1 Pip spreads

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  • First Post: Edited Jan 30, 2010 1:13pm Mar 23, 2007 10:33pm | Edited Jan 30, 2010 1:13pm
Here is a Broker that offers 1 Pip Spread on four Majors: I am curious if any of you have tried them and like them? I think we should reward those Brokers that have lower Commission Spreads ... thereby assuring that the Higher priced Brokers, get in line, or go broke, for the lack of users. IMO

1 Pip Spread on Majors:
http://www.fxclearing.biz/trading_term.php

Hello Everyone:

 This thread does not limit discussion of brokers only to those with 1 pip spread. {as low as) Two pip spread is not a problem at all. Good and Bad Reviews are all welcome and can discuss them here, so others can learn from your experience. This is the purpose of this thread. But be specific why you deem a broker to be a bad or good Broker.

And decent civil opinions on a broker are also welcome here as long as you let it be known that this is just your opinion and that you did not actually trade with them. One thing I will not do is speak evil of a broker without anything to back it up.
I have no interest here but to help others find a broker. I'm not an IB, so there's nothing in it for me other than helping someone to make better informed decisions on brokers.

Thanks all for your understanding:

ut2DaMax

This thread should really be called:
MT4 Brokers - some as low as 1 Pip spreads.
IMO Drop the "favorite":
My first thought: Any broker can try to get customers by advertising "1 pip spread." InterbankFx did this two years ago.

Unfortunately they reserve the right to widen the spread at any time. It would be interesting to see how much of the time it actually stays at 1 pip.

500:1 leverage too! Sounds too good to be true....

Thanks for your findings.
Here's what it says on their site about spread widening:
Spread Widening:
Spreads may be expanded during major news announcements.
And on Scalping:

Scalping:
 Scalping is strongly discouraged.
Methodical scalpers may be placed on manual execution.
Scalping positions are defined as those with a lifespan of a lifespan of less than 3 minutes.


But I have not used them so I cannot vouch for them. I hope they pan out as I am looking for a MT4 lower priced Dependable Good Broker. I will be contacting them later to get all the details.

Some say this would not be enough Commission so they would go broke and therefore must be a scam. That is not the case .... other Brokers do quite well with 5.00 commissions and so can the Forex Brokers. I want to see traders avoid the Higher priced Brokers and Reward those that are fair. There are many traders that are forced over and over into loses because of the high Pip Commissions. IMO
Definitely hard to believe...

How can they discourage scalping if they're spreads are 2 pips and have leverage of 500:1. I would think this would be prime reason to scalp...Furthermore, it also seems like 500:1 and the pip spreads are for the mini accounts, but you can only have $2,000 in a mini account, after that it goes to the universal account which then goes to 2 pip spreads. ALSO, the mini account has a minimum contract size of 100K (at least that's what it says).

I also don't like that they have a Canada address, but an Idaho area-code...makes me think that they've opened offices in Canada just to avoid US regulation.

I wouldn't recommend it.

Quoting ut2DaMax
Here is a Broker that offers 1 Pip Spread on four Majors: I am curious if any of you have tried them and like them? I think we should reward those Brokers that have lower Commission Spreads ... thereby assuring that the Higher priced Brokers, get in line, or go broke, for the lack of users. IMO

1 Pip Spread on Majors:
http://www.fxclearing.biz/trading_term.php
I can't seem to reach the website, anyone else has problems with reaching the site?
Happy Pip-hunt... KISSes
priest9
It is coming up for me.


We all know about ........... crownforex.com ,,,, NOTE: hearing about your experience with them might help others that read this thread, and are searching for a new broker. Word of mouth is a powerful thing!




1 - If anyone knows of more 1pip spread brokers please list them here:

2 - Also list the Best Brokers [your experience] with the lowest spreads:

3 - And please list your favorite mt4 Broker and the reason why:







Same site as in first page - HERE IT SAYS:
Due to regulations, accounts for Canadian and US residents may not be opened at this time - http://www.fxclearing.ca/eng/
Royal Forex Trading, Dealing Spread: [3 / 4 pip point spreads on Majors:]

Royal Forex Trading, LLC offers 3 to 4 point spreads on major currencies. We offer fixed spreads under all market conditions. http://www.rfxt.com/





I have wondered how they are: I would appreate a report on them by anyone that has had them for a Broker. I have heard that this is a good broker. IMO
2-3 pips on Majors:
That would be fxlq.com. 2-3 pips on majors.
2-3-4 pip Spread - MT4 - Tight spreads:
Anyone try these guys?
http://www.northshorefx.com/
MT4 Min. 500 deposit
http://www.fx4us.com/





NON MT4
EFX Broker ..... Forum:
http://www.forexfactory.com/showthread.php?t=10002
..... low spreads ... but doubt they are MT4
..... But they don't accept US clients
.... and I certainly do not recommend them either
http://www.forex-swiss.com/






NON MT4:
www.interactivebrokers.com

/

www.mbtrading.com


have small commissions, but the spreads on those pairs are often 2 pips ....
2 PIP SPREADS ON ALL MAJOR CURRENCY PAIRS
http://www.lebanex.com/

They say:

we clear directly through http://www.amifx.com
The best brokerage we have found in forex thus far.
Quote
We all know about ........... crownforex.com

Please give the details about this statement. I have a demo account thru them and was planning on opening a live account. Thanks, DL
Quoting ut2DaMax
Here is a Broker that offers 1 Pip Spread on four Majors: I am curious if any of you have tried them and like them? I think we should reward those Brokers that have lower Commission Spreads ... thereby assuring that the Higher priced Brokers, get in line, or go broke, for the lack of users. IMO

1 Pip Spread on Majors:
http://www.fxclearing.biz/trading_term.php

its odd that they offer 1 pip spreads for a mini and 2-3 pip spreads for a full. it seems to me that they must be a bucket shop on the mini. well actually all minis have to be bucket shops to an extent, but it apears they might be abusing it.
Quoting lcfxtrader
Please give the details about this statement. I have a demo account thru them and was planning on opening a live account. Thanks, DL
I had a live account with them and regretted that.Closed my account within a week.The execution is the worst i have ever seen, you get constantly requoted and it may take 1 min or more to have your order to go through. I would not advice you to open account with them, never. Their Live is nowhere close to their demo platform execution-wise.
is there any meta trader brokers that aren't market makers??? but are ecn
like dam no good meta4 broker.......????
well
www.forex-swiss.com
i download the demo and trading they give 2 pips spread on every pair
i email them and asking whats the min account opening balance
they said 2000 us$
well i want to ask is there any one else have account ( live) with them ?

thanks
netwise
Quoting mark1122
is there any meta trader brokers that aren't market makers??? but are ecn
like dam no good meta4 broker.......????
YOU CAN TRY ATCBROKERS.COM click on there forex pro they offer currenex feed into mt-4.
If I Go Broke Trying Then I Will die happy.
Quoting Moe
YOU CAN TRY ATCBROKERS.COM click on there forex pro they offer currenex feed into mt-4.
Hi Moe,

I can't seem to find where they specify about curenex feed into Mt4

http://atcbrokers.com/forexpro_platforms_meta.htm

Where did you read about that?

Thanks

Sada
atcbrokers looks very good, does anyone have an account with them?? comments?
Quoting netwise
well
www.forex-swiss.com
i download the demo and trading they give 2 pips spread on every pair
i email them and asking whats the min account opening balance
they said 2000 us$
well i want to ask is there any one else have account ( live) with them ?

thanks
netwise
This was interesting but their website says "we regret, no U.S. customers".

So what is THEIR problem?
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