Institutional Spreads Available on MT4 | Forex Factory

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Institutional Spreads Available on MT4

  • #1
  • First Post: Feb 12, 2008 5:52pm Feb 12, 2008 5:52pm
The MetaTrader4 platform is being implemented into many of the top Forex dealing firms business models and has been increasingly popular in the industry, especially within the past 6 months.

GAIN Capital is NOW offering their clients the ability to trade on the MT4 platform through a few different price feeds, one being institutional.

To receive GAIN's institutional price feeds (GAIN PRO), you can either fund your account with a min. of $10,000 USD, or you could, in some cases, use an IB's leverage to get the tighter feeds, or at least a rebate on each trade.

Below is a table of the spreads you can expect on a GAIN PRO MT4 account.

I don't believe that you can find tighter spreads than these on the Metatrader4 platform -- Please PM me if you can!
Attached File(s)
File Type: doc Dealing Spreads GAIN PRO.doc   56 KB | 844 downloads
  • #2
  • Feb 12, 2008 10:46pm Feb 12, 2008 10:46pm
That could be very nice. What does the rest of their business look like?
  • #3
  • Feb 13, 2008 1:26am Feb 13, 2008 1:26am
BostonForex,

Why no mention of this on GAIN's website? I see you mentioned this back in Dec, but not a peep out of you or them since about it. Why the delay? RCG/TradeView already has the leg up, and FXCM is right behind them.
  • #4
  • Feb 13, 2008 11:01am Feb 13, 2008 11:01am
Quoting BostonForex
The MetaTrader4 platform is being implemented into many of the top Forex dealing firms business models and has been increasingly popular in the industry, especially within the past 6 months.

GAIN Capital is NOW offering their clients the ability to trade on the MT4 platform through a few different price feeds, one being institutional.

To receive GAIN's institutional price feeds (GAIN PRO), you can either fund your account with a min. of $10,000 USD, or you could, in some cases, use an IB's leverage to get the tighter feeds, or at least a rebate on each trade.

Below is a table of the spreads you can expect on a GAIN PRO MT4 account.

I don't believe that you can find tighter spreads than these on the Metatrader4 platform -- Please PM me if you can!
Its not available now, may be in a future, but when??
  • #5
  • Feb 14, 2008 12:05pm Feb 14, 2008 12:05pm
Quoting Trader KGB
BostonForex,

Why no mention of this on GAIN's website? I see you mentioned this back in Dec, but not a peep out of you or them since about it. Why the delay? RCG/TradeView already has the leg up, and FXCM is right behind them.
There is no delay -- unfortunately I am not able to stay on top of the forums as much as I'd like to, but I assure you that my word is credible.

I do not want to advertise on this board, especially without creating a well known presence yet, but I would like to inform you all from time to time of the information that I'm likely to have before others.

Right now, MT4 is available at GAIN, on several different price feeds. You will find limited information on this on their website, but it IS NOW available.

If you are truly interested in a GAIN PRO account on MT4 I would gladly put you in touch with some at GAIN that can set you up.

Good trading!
  • #6
  • Feb 14, 2008 12:21pm Feb 14, 2008 12:21pm
Boston,

What is the smallest lot size that can be traded? .1 or .01
  • #7
  • Feb 14, 2008 1:15pm Feb 14, 2008 1:15pm
Quoting BostonForex
I do not want to advertise on this board, especially without creating a well known presence yet
You might want to send a PM to Twee, he runs the show now. This thread and the Viking Trader thread are probably walking a fine line on the no-advertising rule, but as long as your intention is strictly to inform (and not to solicit), then I imagine it's ok.

Quote
Right now, MT4 is available at GAIN, on several different price feeds. You will find limited information on this on their website, but it IS NOW available.
Google only found a brief mention in the cust. agreement. Do you currently have it installed yourself? I'd like to test out a demo of their feeds on the MT4 platform. If you have a link to the demo, or if could post the server config file (found in your MT4 directory, config subdirectory, ending in .srv), that would be great, thanks.

Good trading!
  • #8
  • Feb 26, 2008 4:07pm Feb 26, 2008 4:07pm
Quoting Trader KGB
You might want to send a PM to Twee, he runs the show now. This thread and the Viking Trader thread are probably walking a fine line on the no-advertising rule, but as long as your intention is strictly to inform (and not to solicit), then I imagine it's ok.


Google only found a brief mention in the cust. agreement. Do you currently have it installed yourself? I'd like to test out a demo of their feeds on the MT4 platform. If you have a link to the demo, or if could post the server config file (found in your MT4 directory, config subdirectory, ending in .srv), that would be great, thanks.

Good trading!
My apologies for not staying on top of the boards.

GAIN is offering MT4 to all level traders at this point, however, it is only available through select IB's; that is not a gimmick, you can check with GAIN Capital if you like.
  • #9
  • Feb 26, 2008 4:13pm Feb 26, 2008 4:13pm
Quoting BostonForex
My apologies for not staying on top of the boards.

GAIN is offering MT4 to all level traders at this point, however, it is only available through select IB's; that is not a gimmick, you can check with GAIN Capital if you like.
Does GAIN have a time estimate for a public release of its MT4 platform?
  • #10
  • Edited 7:24pm Feb 26, 2008 6:56pm | Edited 7:24pm
These spreads look good! As long as the "as low as" is most of the time, which should be during market hours.

I use tradestation which has Gain pricing and spreads are close to what is on the file posted here (most of the time). Though I think TD adds 1/2 pip to each side + commission of $2.50 per 100K. But all this is still lower than many brokers.

Any MT4 platform and safe broker combo with tight spreads are always welcome

Also I have not seen any MT4 with 1/10 pricing so will be interesting to demo this. And Gain also has New York close 2pm PST as day close which is a good addition.
Most other brokers use GMT.
  • #11
  • Feb 27, 2008 7:44am Feb 27, 2008 7:44am
Quoting flavor
These spreads look good! As long as the "as low as" is most of the time, which should be during market hours.

I use tradestation which has Gain pricing and spreads are close to what is on the file posted here (most of the time). Though I think TD adds 1/2 pip to each side + commission of $2.50 per 100K. But all this is still lower than many brokers.

Any MT4 platform and safe broker combo with tight spreads are always welcome

Also I have not seen any MT4 with 1/10 pricing so will be interesting to demo this. And Gain also has New York close 2pm PST as day close which is a good addition.
Most other brokers use GMT.
Hi Flavor. What is your experience with Tradestation. Just need more info before give them a shot.
thanks
  • #12
  • Feb 27, 2008 12:49pm Feb 27, 2008 12:49pm
Well, I use them in addition to MT4. IMO TS and MT4 are best platforms out there for now.
As I said before they are connected with Gain and use their price feed.

Pros:
Spreads are on the lower side compared to all brokers.
Floating spreads (lower during market hours)
Good execution
Stable platform/data feed
Nice quote window
Professional level charting

Cons:
There is a $100 monthly program usage fee(waived if you do 10 lots/month)
But you also get US market data with the platform.
And ability to add more data feeds i.e. futures, currency futures, stocks etc ........ This is actually a Pro
  • #13
  • Feb 27, 2008 1:04pm Feb 27, 2008 1:04pm
I'm impresed with the 3.5 spread on gbp/jpy, but is this a fixed spread? Obviously not during news time I know, but other than that will it always be 3.5? And are there comissions?
  • #14
  • Feb 27, 2008 1:09pm Feb 27, 2008 1:09pm
Quoting flavor
adds 1/2 pip to each side + commission of $2.50 per 100K.
Adding 0.5 pip to GAIN's spreads and still charging a commission should be considered fraud, period. This is exactly why I dumped TradeStation after 1 day (they don't offer a demo of their feed, otherwise I would've avoided a hassle).

TradeStation is a great charting/automating platform, but for forex trading, I would avoid them. I hope the CFTC cracks a whip in their face for what they're doing (charging a commission AND padding the spread).

FWIW, I've seen the same thing happen on certain Currenex hubs. This dog & pony show forex market needs regulation more than anything.
  • #15
  • Feb 27, 2008 1:24pm Feb 27, 2008 1:24pm
Quoting flavor
Well, I use them in addition to MT4. IMO TS and MT4 are best platforms out there for now.
As I said before they are connected with Gain and use their price feed.

Pros:
Spreads are on the lower side compared to all brokers.
Floating spreads (lower during market hours)
Good execution
Stable platform/data feed
Nice quote window
Professional level charting

Cons:
There is a $100 monthly program usage fee(waived if you do 10 lots/month)
But you also get US market data with the platform.
And ability to add more data feeds i.e. futures, currency futures, stocks etc ........ This is actually a Pro
Thanks Flavor. It was helpfull.
  • #16
  • Feb 27, 2008 2:43pm Feb 27, 2008 2:43pm
Quoting Trader KGB
Adding 0.5 pip to GAIN's spreads and still charging a commission should be considered fraud, period. This is exactly why I dumped TradeStation after 1 day (they don't offer a demo of their feed, otherwise I would've avoided a hassle).

TradeStation is a great charting/automating platform, but for forex trading, I would avoid them. I hope the CFTC cracks a whip in their face for what they're doing (charging a commission AND padding the spread).

FWIW, I've seen the same thing happen on certain Currenex hubs. This dog & pony show forex market needs regulation more than anything.
I agree!!

There is no overall fair system that I could find yet. Did someone say "greed is good"
Either there is a good platform or good spreads. Still looking for the combination of both.

But I think things will change as retail forex grows and more brokers join in (competition is good).
I recall during stock days of late 90s spreads were 1/4, 1/8, 1/16. Nowdays we have them at 1 penny most of the time.
  • #17
  • Mar 3, 2008 9:36am Mar 3, 2008 9:36am
Quoting flavor
Well, I use them in addition to MT4. IMO TS and MT4 are best platforms out there for now.
As I said before they are connected with Gain and use their price feed.

Pros:
Spreads are on the lower side compared to all brokers.
Floating spreads (lower during market hours)
Good execution
Stable platform/data feed
Nice quote window
Professional level charting

Cons:
There is a $100 monthly program usage fee(waived if you do 10 lots/month)
But you also get US market data with the platform.
And ability to add more data feeds i.e. futures, currency futures, stocks etc ........ This is actually a Pro

I have been using TradeStation for the past 3 months and have found them to be unreliable. GAIN have crashed on a regular basis and 20%-30% of trades are rejected due to "Market unavailable".

It's a very, very, very good platform for writing strategies and back testing and I will stay with them because of this. I currently have an API to FXCM which works well at the moment.
  • #18
  • Mar 3, 2008 10:00am Mar 3, 2008 10:00am
So what happened to VikingTrader? Did they go live yet?
  • #19
  • Mar 4, 2008 1:34pm Mar 4, 2008 1:34pm
Quoting Wilko
I have been using TradeStation for the past 3 months and have found them to be unreliable. GAIN have crashed on a regular basis and 20%-30% of trades are rejected due to "Market unavailable".

It's a very, very, very good platform for writing strategies and back testing and I will stay with them because of this. I currently have an API to FXCM which works well at the moment.
20-30% of your trades not being placed due to market unavailability seems a bit high, definitely something to look into. why don't you try trading your account with MetaTrader instead?
  • #20
  • Mar 5, 2008 6:21am Mar 5, 2008 6:21am
Quoting BostonForex
20-30% of your trades not being placed due to market unavailability seems a bit high, definitely something to look into. why don't you try trading your account with MetaTrader instead?
My main account is with FXCM and I auto trade this with TradeStation via an API which works well.

Easy language is quicker to learn and very easy to program. I have looked at some of the MetaTrader strategy samples and they can all be written in easy language in about 25% of the number of lines.

However, I do like MetaTrader, it looks better, great functionality, etc. When FXCM support MetaTrader I will probably review.
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