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Scalper looking for a private MT4 broker

  • Post #1
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  • First Post: Edited at 3:08pm Jan 20, 2016 12:29pm | Edited at 3:08pm
  •  extreme_one
  • | Joined Jan 2013 | Status: Member | 125 Posts
I dont want to start my own. So looking for extremely low commissions on major FX pair.
Today I paid for example $4000 on commission.
  • Post #2
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  • Jan 20, 2016 6:41pm Jan 20, 2016 6:41pm
  •  Jason Rogers
  • Joined Jun 2009 | Status: FXCM Representative | 5,808 Posts
Quoting extreme_one
Disliked
Today I paid for example $4000 on commission.
Ignored
What currency pair(s) did you trade today? And on what volume?
 
 
  • Post #3
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  • Jan 22, 2016 5:39am Jan 22, 2016 5:39am
  •  extreme_one
  • | Joined Jan 2013 | Status: Member | 125 Posts
+200M/month
Majors. EURUSD 90%
 
 
  • Post #4
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  • Jan 22, 2016 6:54am Jan 22, 2016 6:54am
  •  Inceptionist
  • Joined Jun 2014 | Status: Member | 195 Posts
Brother, you can start your own broker with as little as 20K and you can be connected directly to a liquidity provider...Since you're trading big monthly volumes I am assuming that you have big trading capital...Anyways, it could be way better for you instead of going to retail brokers and dealing with their endless shit, silly commissions or mark-ups..You can just go to the liquidity provider and get the raw spread/fast execution (scalper's dream).
Simplicity is the key to brilliance.
 
 
  • Post #5
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  • Feb 9, 2016 11:34pm Feb 9, 2016 11:34pm
  •  rosyfx
  • | Joined Feb 2016 | Status: Going Canada | 102 Posts
If you have good fund ..go for Dukascopy or Saxo..if funding problem then Fxopen
Patience is best EA in Trading
 
 
  • Post #6
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  • Feb 10, 2016 1:51am Feb 10, 2016 1:51am
  •  sbc
  • | Joined Dec 2014 | Status: Member | 311 Posts
Hi Extreme_One,

Not sure if you are manually trading or algo trading, but if it is manual then i would suggest to look at CMC Markets. I find them best in terms of manual execution platforms with very good liquidity and spreads ( with your volume you will get good rebates also ). Worth checking i suppose..
 
 
  • Post #7
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  • Feb 10, 2016 3:57am Feb 10, 2016 3:57am
  •  rosyfx
  • | Joined Feb 2016 | Status: Going Canada | 102 Posts
how good CMC MARKETS? SBC could you please advice?
Patience is best EA in Trading
 
 
  • Post #8
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  • Feb 10, 2016 4:03am Feb 10, 2016 4:03am
  •  sbc
  • | Joined Dec 2014 | Status: Member | 311 Posts
well for automated trading you won't prefer them as they have their own platform to trade ( click and trade kind of )..

but look at their spreads on majors and the touch volume at the best bid/ask is ~3-4 mio ,so literally you are going to get 1-1.4 pips including commissions for most of the majors with good volume. The two things which are important for scalper are spread(including commission ) and touch volume with no slippage ( you can set how much slippage on market order you want..i prefer 0 so that it becomes fill or kill ). Secondly, fully regulated across the globe so no issues with withdrawals ( at-least so far )

These are my 2 cents but of-course everyone has their own preference.
 
 
  • Post #9
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  • Last Post: Feb 10, 2016 4:05am Feb 10, 2016 4:05am
  •  sbc
  • | Joined Dec 2014 | Status: Member | 311 Posts
if you are fan of cTrader ( i am ) , then i will suggest ECN ICMarkets account for best execution and you can automate your strategy.
 
 
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