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MT4 Brokers offering indices

  • #1
  • First Post: Dec 28, 2007 1:41am Dec 28, 2007 1:41am
A few metatrader brokers offer gold/silver as well as forex.

Are there any brokers that also offer indices (DJ /S+P/ FTSE/ DAX etc)? I've looked but can't find any.

thanks
  • #2
  • Dec 28, 2007 1:43am Dec 28, 2007 1:43am
Forex LTD and North Finance.
  • #3
  • Dec 28, 2007 2:03am Dec 28, 2007 2:03am
Thanks for the prompt reply Trader KGB.

I see North Finance offers CFDs. Is this via MT4 or some other software? I couldn't find an immediate answer on their website - I'll take another look.

I've been trading CFDs using my broker's proprietary software. MT4 would be so much more powerful.
  • #4
  • Dec 28, 2007 2:35am Dec 28, 2007 2:35am
Quoting coda
Thanks for the prompt reply Trader KGB.

I see North Finance offers CFDs. Is this via MT4 or some other software? I couldn't find an immediate answer on their website - I'll take another look.

I've been trading CFDs using my broker's proprietary software. MT4 would be so much more powerful.
I think the CFDs are traded entirely within MT4. Just to preface, I was only recommending their feed to fit your request, definitely not their services. They're based in Cypress and there are number of negative reviews on them.
  • #5
  • Dec 28, 2007 3:19am Dec 28, 2007 3:19am
Once again, thanks Trader KGB.

Both of them look iffy to me. I've also seen negative remarks about NF.

That's not a bad idea - to use the data feed to allow MT4 to do the analysis. Unfortunately, they only offer a few of the indices I'm after. Their share CFDs are also very limited.
  • #6
  • Dec 28, 2007 3:28am Dec 28, 2007 3:28am
  •  w_z
  • | Joined Dec 2007 | Status: hand over them pips | 61 Posts
hey trader kgb

how accurate are their (north finance) ticks?

i currently get my feed from alpari, and i'm quite satisfied with the accuracy of their ticks. I have a friend who uses strategy builder....and sometimes he gets 1000-pip candles on 15m usdcad.

thanks in advance

w
  • #7
  • Dec 28, 2007 3:33am Dec 28, 2007 3:33am
Quoting w_z
hey trader kgb

how accurate are their (north finance) ticks?

i currently get my feed from alpari, and i'm quite satisfied with the accuracy of their ticks. I have a friend who uses strategy builder....and sometimes he gets 1000-pip candles on 15m usdcad.

thanks in advance

w
I'd prefer NF's feed than Alpari's.

However, that comparison is based on a live NF account vs a Demo Alpari account. I may be wrong with a live vs live account..
  • #8
  • Dec 28, 2007 1:55pm Dec 28, 2007 1:55pm
Quoting w_z
how accurate are their (north finance) ticks?
Tough to say, I don't follow anything under M15. Run 2 different MT4 demo feeds + 2-3 ECN feeds. I use the ECN feeds for trading.

My only complaint about NF's data is their 4pm Sunday open, which adds a 1-hour daily candle to the daily chart. I detest Sunday candles...
  • #9
  • Dec 28, 2007 4:19pm Dec 28, 2007 4:19pm
Quoting coda
A few metatrader brokers offer gold/silver as well as forex.

Are there any brokers that also offer indices (DJ /S+P/ FTSE/ DAX etc)? I've looked but can't find any.

thanks
You would more likely get an answer by posting in the brokers section
  • #10
  • Dec 29, 2007 12:03am Dec 29, 2007 12:03am
Quoting WHTenn
You would more likely get an answer by posting in the brokers section
Noted. Thanks. Anyone else have some input?
  • #11
  • Dec 29, 2007 6:02am Dec 29, 2007 6:02am
CFDs on just about everything are available through Russian MT4 brokers.

WHC, Golden Contract, Masterforex etc....

Coder
  • #12
  • Edited 4:55am Dec 30, 2007 3:47am | Edited 4:55am
Quoting asdfasdf
i dont understand this question, why would you want to trade centrally cleared instruments at an unregulated broker ? why would you go through some little firm, specially located in an highly unregulated tax haven?

if you want to trade futures, go with the real deal lol.
What do you mean, TAX HAVEN? What does this have to do with were a broker is located JJK2?
  • #13
  • Dec 30, 2007 6:35am Dec 30, 2007 6:35am
Quoting asdfasdf
i dont understand this question, why would you want to trade centrally cleared instruments at an unregulated broker ? why would you go through some little firm, specially located in an highly unregulated tax haven?

if you want to trade futures, go with the real deal lol.
Valid comment.

It's not that I want to trade with unregulated MT4 brokers - far from it. I am interested in using MT4 to analyse trading strategies on a range of indices that can be traded as CFDs.

The typical regulated broker's either has 2nd rate trading tools, or like e.g. Interactive Brokers, don't offer CFDs/indices except as ETFs.

If someone can point the way to broker(s) that offer CFDs on the major indices with decent software tools I'd consider an alternative to MT4, although MT4 as it has a lot of features out of the box.

I have been looking at fxcm. Doesn't use MT4 but has software with an API and so could be a candidate. I didn't like what their data feed was doing after hours yesterday though. Not supporting MT4 would make yet another software package to come to grips with.


Thanks for the input so far guys.
  • #14
  • Dec 30, 2007 6:37am Dec 30, 2007 6:37am
Quoting Coder
CFDs on just about everything are available through Russian MT4 brokers.

WHC, Golden Contract, Masterforex etc....

Coder

Thanks coder, I'll take a look.
  • #15
  • Dec 30, 2007 7:52am Dec 30, 2007 7:52am
Quoting coda
I have been looking at fxcm. Doesn't use MT4
FXCM plans to introduce the MetaTrader online trading platform in the beginning of 2008. Go to their website under trading platform to register your interest.
  • #16
  • Dec 30, 2007 1:31pm Dec 30, 2007 1:31pm
Quoting limcs
FXCM plans to introduce the MetaTrader online trading platform in the beginning of 2008. Go to their website under trading platform to register your interest.
Thanks for the heads up, limcs. I missed that when I was looking at their website. Let's see if they will offer forex and CFDs with MT4. I've found a couple of brokers who do both, but only let you use MT4 for forex.
  • #17
  • Dec 31, 2007 5:12am Dec 31, 2007 5:12am
I bet only currencies will be traded in MT4 with FXCM, here is the link:
http://www.fxcm.com/meta-trader.jsp

For rest of CFD's just found nice 'europeans' i'm currently on their demo, so far so good - www.fxpro.com

Happy new year!
  • #18
  • Jan 1, 2008 3:21am Jan 1, 2008 3:21am
I am going to contact the above broker and find out what their rules are in reference to scalping. I will post their return reply.
  • #19
  • Jan 1, 2008 6:13am Jan 1, 2008 6:13am
Quoting squaw
I bet only currencies will be traded in MT4 with FXCM,
I expect that you're right.


Quoting squaw
For rest of CFD's just found nice 'europeans' i'm currently on their demo, so far so good - www.fxpro.com

Boilerplate Cyprus based white label MT broker. Limited palette of ~40 CFDs. 3 Indexes offered as mini futures - NASDAQ, S&P and Dow.


I'll keep on looking...
  • #20
  • Jan 1, 2008 6:57am Jan 1, 2008 6:57am
---------------
Originally Posted by asdfasdf http://www.forexfactory.com/images/buttons/viewpost.gif
i dont understand this question, why would you want to trade centrally cleared instruments at an unregulated broker ? why would you go through some little firm, specially located in an highly unregulated tax haven?

if you want to trade futures, go with the real deal lol.
------------------



I agree as far as indices or commodities are concerned, you are always better off with the future, but there are actually some advantages for CFDs on stocks:
*easy shorting for every stock (no need to locate the stocks beforehand, aka 'naked' shorting, and also no uptick-rule (but thats gone now anyways))
* no pattern daytrading rule
* no SEC margining limitations

Of course CFDs bear all the consequences of trading in a marketmaker environment, and financing costs are horrible, it only makes sense for short(ish) timeframes.
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