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Meta Trader brokers in US?

  • #1
  • First Post: Nov 21, 2007 2:08pm Nov 21, 2007 2:08pm
Hi!

I looked at the compiled list of MT brokers - some dont even have the phone numbers listed, some sites looks like 13 yo experiment with photoshop.

Can you guys recommend a good, reliable broker in US which has MT terminal?

Also, your trailing stops and take profit are executed only if MT4 is running on the computer and connected to the internet? or does it transmit orders to the server?

thanks for the answer!
  • #2
  • Nov 22, 2007 2:37am Nov 22, 2007 2:37am
Your best option is InterbankFx.

As far as I understand it, MetaTrader does not support server-side TSs.
Domo Arigato, Mr. Roboto!
  • #3
  • Nov 22, 2007 3:04am Nov 22, 2007 3:04am
Quoting pavlov0032
Hi!

I looked at the compiled list of MT brokers - some dont even have the phone numbers listed, some sites looks like 13 yo experiment with photoshop.

Can you guys recommend a good, reliable broker in US which has MT terminal?
Here is one more list of MT brokers.

Quoting pavlov0032
Also, your trailing stops and take profit are executed only if MT4 is running on the computer and connected to the internet? or does it transmit orders to the server?

thanks for the answer!
Yes, trailing stops and take profit orders are executed only if MT4 is running on the computer and connected to the internet.
  • #4
  • Nov 22, 2007 7:05am Nov 22, 2007 7:05am
Quoting pavlov0032
Hi!

I looked at the compiled list of MT brokers - some dont even have the phone numbers listed, some sites looks like 13 yo experiment with photoshop.

Can you guys recommend a good, reliable broker in US which has MT terminal?

Also, your trailing stops and take profit are executed only if MT4 is running on the computer and connected to the internet? or does it transmit orders to the server?

thanks for the answer!
I know what u mean, about some broker site looking awful. Personally, I would chose a big broker that has been in business a long time and has a lot of clients. I dont think you can use server side stops etc with MT4.
  • #5
  • Nov 22, 2007 7:38am Nov 22, 2007 7:38am
FXCM is launching Metatrader in 2008, if you are not in a rush of opening your account maybe you can consider the option.

http://www.fxcm.com/meta-trader.jsp
Ado Whether you believe you can do a thing or not, you are right.
  • #6
  • Nov 22, 2007 9:53am Nov 22, 2007 9:53am
Quoting Ado
FXCM is launching Metatrader in 2008, if you are not in a rush of opening your account maybe you can consider the option.

http://www.fxcm.com/meta-trader.jsp
I hope they allow micro lots as part of the transition.
To be one with the market, you must first be one with yourself.
  • #7
  • Nov 22, 2007 9:57am Nov 22, 2007 9:57am
Quoting peterM
I know what u mean, about some broker site looking awful. Personally, I would chose a big broker that has been in business a long time and has a lot of clients. I dont think you can use server side stops etc with MT4.
Both TP and Stops work for me on IBFX with MT4 without having the client open, but trailing stops do not. Otherwise a computer crash or internet disconnect could be devastating. If they ever stop supporting server side stops on the client I would leave them.
To be one with the market, you must first be one with yourself.
  • #8
  • Nov 22, 2007 10:04am Nov 22, 2007 10:04am
Yes, stops are sent to the server for the individual tickets. There's no need to run MT4 unless you are running a script that is automatically moving your stop ie Trailing stop, or any other EA that manipulates the trade while you are away.
The basis of a democratic state is liberty. ~ Aristotle
  • #9
  • Nov 23, 2007 12:43pm Nov 23, 2007 12:43pm
Quoting Mr. Roboto
Your best option is InterbankFx.

As far as I understand it, MetaTrader does not support server-side TSs.

Thank you all for reply! Upon reading these reviews:

http://www.forexpeacearmy.com/public...viewCount/desc

(you can sort them out by "rating" or "number of reviews")

It seems like interbank fx got only 2 stars out of possible 5. I already have app. approved there and was wondering if you personally experienced any of the problems described there..

I trade equities - but never on a client platform, so from my understanding the only advantage of MT4 is ability to write automated trading systems, besides that there no real advantage over the web based interface?
  • #10
  • Last Post: Nov 23, 2007 7:06pm Nov 23, 2007 7:06pm
Quoting pavlov0032
Thank you all for reply! Upon reading these reviews:

http://www.forexpeacearmy.com/public...viewCount/desc

(you can sort them out by "rating" or "number of reviews")

It seems like interbank fx got only 2 stars out of possible 5. I already have app. approved there and was wondering if you personally experienced any of the problems described there..

I trade equities - but never on a client platform, so from my understanding the only advantage of MT4 is ability to write automated trading systems, besides that there no real advantage over the web based interface?
The ability to write automated trading systems is only one part of MT4, there are thousands of other add-ins available for it and it's a powerful and free client platform. Some just use it for it's charting capabilities, and actually trade on a web based interface.

I've been using interbankfx for awhile and have had no problems, they did have a freeze this month but it's the first one I ever experienced and i've heard that many people just called to close their trades. Most of the negative posts has to do with spread during news. This is definitely not a broker to use if you plan on trading the news.
To be one with the market, you must first be one with yourself.
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