Been lookin for a solid ECN broker that takes US clients. The pickins are gettin slim for us in the states. I currently use oanda(live acct) and really have nothing ill to say about them except for low leverage and extreme spreads during news, even though they are MM was wonderin if ECN is better option
Found a few but would like to get input on who you folks use. this list are the brokers i found that still take US clients. These are my findings so far. any input is helpful
MB trading - (demo) so far execution speeds dont seem as fast as oanda and spreads are about the same(or even higher plus theres commision, also at @5pm est seems they just shut down and no trades or orders can be executed(had a TP hit at 5 but never got credit for it, would've been pissed if it was live acct)
FXCM - (demo) spreads are great, execution fast, wide spreads during news(looks like thats the norm for all brokers) horrible reputation, commisions are high @$8 per turn, not sure if true ecn, biggest concern is the constant fines and negative feedback
Forex Broker Inc-(demo) off-shore unregulated, claim to be ecn but spreads seem way to high, usually higher than the previous brokers plus theres commision (prob off my top list since the demo hasnt done anything to impress me)
Sensus Capital- (demo) so far this has been the 1 that has impressed me, even though its a german company its regulated (germany and malta) leverage up to 500-1
listed as ecn, the execution speed has been really fast, spreads are tight(have diff spread plans raw + comm, or just spread) the commision is high @ $10 per turn but cant really find any feedback on this company, if anybody has or is doing business with this broker i'd like to hear about it good or bad
BTW these are all MT4 demos(not sure if that matters or not)
Well thats my short list, if can add any to this list or can comment on the brokers listed dont hold back. knowledge is power
Found a few but would like to get input on who you folks use. this list are the brokers i found that still take US clients. These are my findings so far. any input is helpful
MB trading - (demo) so far execution speeds dont seem as fast as oanda and spreads are about the same(or even higher plus theres commision, also at @5pm est seems they just shut down and no trades or orders can be executed(had a TP hit at 5 but never got credit for it, would've been pissed if it was live acct)
FXCM - (demo) spreads are great, execution fast, wide spreads during news(looks like thats the norm for all brokers) horrible reputation, commisions are high @$8 per turn, not sure if true ecn, biggest concern is the constant fines and negative feedback
Forex Broker Inc-(demo) off-shore unregulated, claim to be ecn but spreads seem way to high, usually higher than the previous brokers plus theres commision (prob off my top list since the demo hasnt done anything to impress me)
Sensus Capital- (demo) so far this has been the 1 that has impressed me, even though its a german company its regulated (germany and malta) leverage up to 500-1
listed as ecn, the execution speed has been really fast, spreads are tight(have diff spread plans raw + comm, or just spread) the commision is high @ $10 per turn but cant really find any feedback on this company, if anybody has or is doing business with this broker i'd like to hear about it good or bad
BTW these are all MT4 demos(not sure if that matters or not)
Well thats my short list, if can add any to this list or can comment on the brokers listed dont hold back. knowledge is power