Looking for a broker like OANDA but who offers trail stop feature as well | Forex Factory

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Looking for a broker like OANDA but who offers trail stop feature as well

  • #1
  • First Post: Sep 20, 2007 2:22am Sep 20, 2007 2:22am
Hi there !

Oanda seems perfect to start trading for newbies like myself for the small deposit size possible and micro lot feature.

Now the way I demo traded incorporated a trail stop as well as a TP, which just helped me staying in the green.

Do you know of a broker that is like Oanda but offers trail stops as well ?

Cheers
Be like a post stamp! Stick to it until you get there!
  • #2
  • Sep 20, 2007 2:54pm Sep 20, 2007 2:54pm
Ok,

If I have asked something very stupid and everybody is politely ignoring my question then could somebody please let me know.

All I want to know is if someone out there knows of a broker that is worth his salt, offers micro lots and has a trail stop feature.
If you know about one than I'd ask you to take courage, break your silence and come forward.

Would be much appreciated.

MP
Be like a post stamp! Stick to it until you get there!
  • #3
  • Sep 20, 2007 3:24pm Sep 20, 2007 3:24pm
Here you go MP - check out this thread

http://forexfactory.com/showthread.php?t=34790
  • #4
  • Sep 20, 2007 3:42pm Sep 20, 2007 3:42pm
I guess they figure its easy to click the line and trail it yourself, Oanda is the only broker I know of that allows you to trade so small. I had a 5 dollar account with them (its only $2.8 now) the value of each pip is $0.00
  • #5
  • Sep 21, 2007 4:15am Sep 21, 2007 4:15am
Thanks for your response jleblang.

EFX sounds good and I'll keep an eye on them for when I want to trade mini lots (and upwards), but I'm still looking for micro lot trading.

Since I'm a beginner my first objective is to get a feel for trading real money with my chosen strategy and without mistakes being too expensive, building up my account from there.
An incremental approach if you like.
Be like a post stamp! Stick to it until you get there!
  • #6
  • Sep 21, 2007 7:47am Sep 21, 2007 7:47am
Hi Justin Le Blang


I just looked into your EFX Group - Introduction thread and saw in post #17

that one can trade 0.5 lot which equets to 5000 currency units.

But in the FAQ of the EFX website it says that the minimum trade size is 1 lot (10K).

Have things changed since you posted the message in the other thread ?


Thanks
Be like a post stamp! Stick to it until you get there!
  • #7
  • Sep 21, 2007 8:58am Sep 21, 2007 8:58am
Take a look at InterbankFX. You'll have to get accustomed to the MetaTrader platform though.
  • #8
  • Edited 9:22am Sep 21, 2007 9:07am | Edited 9:22am
Quoting Mary Pippins
Hi Justin Le Blang


I just looked into your EFX Group - Introduction thread and saw in post #17

that one can trade 0.5 lot which equets to 5000 currency units.

But in the FAQ of the EFX website it says that the minimum trade size is 1 lot (10K).

Have things changed since you posted the message in the other thread ?


Thanks
I would like to know that too...I thought that the minimum trade size at EFX was 10.000 units (that's what their website FAQ says), but here in the EFX introduction thread Justin says that you can even trade 0.1 lots, i.e 1000 units:

http://forexfactory.com/showpost.php...&postcount=783

EDIT: OK I've found the answer here:

http://forexfactory.com/showpost.php...&postcount=122
"I say high, You say low, You say why, and I say I don't know..."
  • #9
  • Sep 21, 2007 9:25am Sep 21, 2007 9:25am
Quoting Mary Pippins
Thanks for your response jleblang.

EFX sounds good and I'll keep an eye on them for when I want to trade mini lots (and upwards), but I'm still looking for micro lot trading.

Since I'm a beginner my first objective is to get a feel for trading real money with my chosen strategy and without mistakes being too expensive, building up my account from there.
An incremental approach if you like.

with efx you could even trade 0.001 lot....i tired on their demo and it worked.. it is just like Onanda you could trade any size
  • #10
  • Sep 21, 2007 9:47am Sep 21, 2007 9:47am
Quoting Ricardo.
I would like to know that too...I thought that the minimum trade size at EFX was 10.000 units (that's what their website FAQ says), but here in the EFX introduction thread Justin says that you can even trade 0.1 lots, i.e 1000 units:

http://forexfactory.com/showpost.php...&postcount=783

EDIT: OK I've found the answer here:

http://forexfactory.com/showpost.php...&postcount=122



Nice one Ricardo, many thanks.
Be like a post stamp! Stick to it until you get there!
  • #11
  • Sep 21, 2007 9:49am Sep 21, 2007 9:49am
Quoting rkanak
with efx you could even trade 0.001 lot....i tired on their demo and it worked.. it is just like Onanda you could trade any size

Thanks rkanak
Be like a post stamp! Stick to it until you get there!
  • #12
  • Sep 21, 2007 10:05am Sep 21, 2007 10:05am
Quoting opie999
Take a look at InterbankFX. You'll have to get accustomed to the MetaTrader platform though.

They look quite good and I've been demo trading with the MT4 platform all this time. I find it very good, far better than the FXCM platform that I used before.

Have you traded micro lots live on FX Interbank? And if yes, did you experience delays on order executions ?
Be like a post stamp! Stick to it until you get there!
  • #13
  • Sep 21, 2007 10:35am Sep 21, 2007 10:35am
fxsol is an option, i use them, they go down to microlots... spreads are a tad high, and they dont use metatrader... but they do have trailing stops, that stay on whether your software is running or not...
  • #14
  • Sep 21, 2007 10:49am Sep 21, 2007 10:49am
Quoting Mary Pippins
Hi Justin Le Blang


I just looked into your EFX Group - Introduction thread and saw in post #17

that one can trade 0.5 lot which equets to 5000 currency units.

But in the FAQ of the EFX website it says that the minimum trade size is 1 lot (10K).

Have things changed since you posted the message in the other thread ?


Thanks
This is the latest:

We do not differentiate between mini and standard accounts. We offer a universal account with 100:1 margin that can be opened with just $400. You can place orders of any size down to micro increments .1 lot or 1000 currency units. The execution is all the same.
  • #15
  • Sep 22, 2007 7:16am Sep 22, 2007 7:16am
so who takes the cake ??? FXSOL, EFX, FXCM, Alpari...who has.....

1) non-USD a/c
2) trailstop on their server
3) pip by pip trailstop
4) Oanda style micro...nano....lots

any broker that has 3 out of those 4 will be great for anyone....
  • #16
  • Last Post: Dec 6, 2008 9:20pm Dec 6, 2008 9:20pm
Updating this trend...

Anyone can recommend which broker with trailstop is good now?
Oanda seem to be still not supporting that function.

Thanks.
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