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what are the advantages of using currenex or metatrader rather than the brokers platf

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  • First Post: Apr 4, 2007 11:30am Apr 4, 2007 11:30am
  •  bboots
  • | Joined Mar 2007 | Status: Member | 4 Posts
im trying to figure out why I should be looking into a different platform other than what the brokers offer...what can theses do for me?
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  • Last Post: Apr 4, 2007 2:54pm Apr 4, 2007 2:54pm
  •  Darkstar
  • | Membership Revoked | Joined Nov 2005 | 1,429 Posts
The answer is... it depends. If your working with someone like forex.com and you need system automation or backtesting solutions, your not going to be able to get it from the broker platform. You'll either need tradestation or metatrader to do those things effectively.

If your scalping or news trading, your going to need tight spreads and great fills. Speed is of the essence and your not going to get it to the degree you need with any of the above. Your going to want to look at currenex or hotspot.

In short, each app/broker combo offers their own advantages/disadvantages. You need to figure out what type of solution you need for your system and choose accordingly.
 
 
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