DislikedFastbrokers has lowered the professional account min (MT4 pass-through) from 50k to 10k.
They are an IB for FXLQ.Ignored
Cheers
Cheapest ECN Comissions - Vantage FX ECN 10 replies
Could you introduce any broker base on ECN+MT4+4 decimal?? 11 replies
Another MT4/ECN broker, any thoughts?? 31 replies
any experience with atc brokers mt4 with ECN data feed? 0 replies
Any ECN with MT4 trading platform? 29 replies
DislikedHas anybody tried this?
Also anybody know how "safe" fastbrokersfx is? (I mean solid/NFA rating etc)
Thanks
PCIgnored
DislikedZero spread is great until you realize that you have been slipped 4pips
on the entry, and another 4pips on the exit. Atrocious behavior.
Account closed.
CoderIgnored
DislikedTime to chime in again.
Here's what you EXTREMELY MOTIVATED traders that want MT4 ECNs can do..... get a program called AutoHotKey (it's a macro editor) and write your MQ4 to create log files of trades.....
Use Java (or another language) to detect the log file changes and execute Java.AWT.Robot commands to emulate keystrokes. AutoHotKey can be used to open and close trades on the ECN platform, allowing you to automate trades.
Is this labor intensive? Yes. Is it doable? Yes.Ignored
DislikedMT4 > ECN bridges like the one described above exist and are described in this thread. The caveat is that the system (MT4) still relies upon data from the dealing desk. The ECN would be used for execution only. Since ECN data is far more faster and accurate than dealing desk data, the desire is to have both the source data, and the execution platform, be ECN derived. This cannot be accomplished with an MT4 > ECN bridge. Unless you're only using market orders, you'll run into massive spread discrepancies between system (MT4) price and ECN price.Ignored
DislikedZero spread is great until you realize that you have been slipped 4pips
on the entry, and another 4pips on the exit. Atrocious behavior.
Account closed.
CoderIgnored
DislikedAgreed. Swing trades would be far less prone to price differences. I would not try to scalp with the setup I mentioned.Ignored
DislikedTdion, but then what's the point of doing this setup and going with ECN if you don't intend either to trade inside the spread or go off scalping?
If you have a sound 30+ pip TP or SL strategy trying to win 1-2 extra pips to your side makes little sense. You might as well sign up with Crownforex that gives you 1pip on majors and after 2-3 requotes you'd still be able to open a position at the desired price. But if you're not a pip hunter or a 10pip profit per trade maker, does it make any difference?
GroovyIgnored
DislikedHello Groovy,
I traded with them for two weeks. The first week was fine. I was only
trading 1 lot at a time and it was going well.
On the Monday of the second week, I upped the lot size and was
immediately slipped on the entry and the exit.
The withdrawal took three weeks!
I'm now with HotspotFX which is the best move I have ever made.
CoderIgnored