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Trading from a PDA

  • #1
  • First Post: Mar 21, 2008 11:02pm Mar 21, 2008 11:02pm
Does anybody know a good broker that allows trading with a mobile phone or PDA? I know MT4 has a mobile program but I have never used it. I prefer to use Oanda currently because of the custom position size feature as well as the low spreads, but I contacted them and they said their platform is not available on any PDA but they are "working on that".

I use MT4 for charts and analysis but don't have a broker that uses them. What should I do if I want to trade small positions (like $0.10 a pip) on a PDA? Is there a reputable broker out there that allows these small of lot sizes and uses MT4 mobile? Or perhaps a non MT4 broker that has mobile trading technology?
  • #2
  • Mar 22, 2008 5:10pm Mar 22, 2008 5:10pm
Not exactly what you want, but it's a bit of a hack that works... setup your home PC w/ a remote access app like logmein or windows remote desktop. Most of them have a PDA version, then you can control the apps on your desktop and run thru any broker you want.

Afterthought: IBFX uses MT4 and might support the mobile platform. They allow microlots.
Link: http://www.interbankfx.com/Platform/...ssTrading.aspx
  • #3
  • Mar 22, 2008 11:45pm Mar 22, 2008 11:45pm
I use to use my IBFX mini account with my Treo and it worked like a charm. I even compared the timing of the price movements on my PDA with my cable/PC connection and they were exactly in-sync. Of course, your cell phone provider could play a factor in this, I'm with Sprint myself.
Binary Options Trader
  • #4
  • Edited 12:18am Mar 23, 2008 12:16am | Edited 12:18am
Quoting Rabid
Not exactly what you want, but it's a bit of a hack that works... setup your home PC w/ a remote access app like logmein or windows remote desktop. Most of them have a PDA version, then you can control the apps on your desktop and run thru any broker you want.
I might consider trying this but I am a little worried that it will crash while I am in the middle of a trade. Remote desktop has crashed on me before.

Quoting Rabid
Afterthought: IBFX uses MT4 and might support the mobile platform. They allow microlots.
Link: http://www.interbankfx.com/Platform/...ssTrading.aspx
Thanks, I'll check it out. When you say they allow microlots can it be $0.10 a pip? $1 a pip is a "micro lot" for some brokers but that is too much for me since I have several positions open at the same time and need to be able to handle the drawdown on longer time frames.
  • #5
  • Mar 23, 2008 12:22am Mar 23, 2008 12:22am
I answered my own question. They have a pip calculator.

http://www.interbankfx.com/Tools/PipCalc.aspx

You can trade as small as $0.01 a pip apparently. That's great. Time for me to do my due dilligence on Interbank to see if they are reputable with competitive spreads.
  • #6
  • Mar 23, 2008 1:53am Mar 23, 2008 1:53am
For the remote login, yea there are crash issues... if your system is dedicated you can have the remote prog load at boot which will help some. I'd be more concerned with my wireless connection dropping out than the system crashing, but that's just a matter of comparing risks since I don't scalp and only care to monitor around the H4 bars. Your situation is probably different tho.

IBFX is an "okay" broker. I use them, but haven't used their PDA setup. They have reasonable capitalization (you can check their CFTC filings) but they do have a few NFA complaints. Spreads are about what you'd expect, 9 on the GBYJPY, 3 or 4 on the GBPUSD, 2 on the EURUSD, but they spike a bit during news releases and times of low liquidity so... there are also some problems with their feed and some concerns there, they also suffer from some server overload at times which can make scalping difficult. Search on here and you'll find discussion both pro and con. I trade micro ($.10 per pip) and mini ($1 per pip) lots with them.

I believe ODL securities can do metatrader too, but I don't know if they support the mobile. They have a $2k funding requirement, but I don't think they do micro ($.10 per pip) lots. I have no idea if they're any good.
  • #7
  • Mar 23, 2008 7:56am Mar 23, 2008 7:56am
Scalping is no problem with me at IBFX, however they do tend to reset their server at around 7:30 Eastern time, but the outage only last like 10 seconds. I have no idea why they do this, but it's been pretty consistent as of late. By the time you reach a tech person (which doesn't take long at all) the server is back up. Still, I love IBFX myself and you're just not gonna find any broker out there that is absolutely flawless, especially with your requirements.
Binary Options Trader
  • #8
  • Mar 24, 2008 6:54am Mar 24, 2008 6:54am
Quoting Jared
Does anybody know a good broker that allows trading with a mobile phone or PDA? I know MT4 has a mobile program but I have never used it. I prefer to use Oanda currently because of the custom position size feature as well as the low spreads, but I contacted them and they said their platform is not available on any PDA but they are "working on that".

I use MT4 for charts and analysis but don't have a broker that uses them. What should I do if I want to trade small positions (like $0.10 a pip) on a PDA? Is there a reputable broker out there that allows these small of lot sizes and uses MT4 mobile? Or perhaps a non MT4 broker that has mobile trading technology?

I think MGforex does, cause I have seen their adds for it everywhere
  • #9
  • Mar 24, 2008 8:03am Mar 24, 2008 8:03am
MGForex doesn't offer nano-lots.
Binary Options Trader
  • #10
  • Mar 25, 2008 7:50am Mar 25, 2008 7:50am
Quoting Yoda_Glenn
MGForex doesn't offer nano-lots.

You are right, but why would anyone want to trade $0.10 a pip. I trade to profit, and if I am looking to practice a strategy, then I would use a demo account.

Anyhow, good luck bud
  • #11
  • Last Post: Mar 25, 2008 9:45am Mar 25, 2008 9:45am
Quoting mike999
You are right, but why would anyone want to trade $0.10 a pip. I trade to profit, and if I am looking to practice a strategy, then I would use a demo account.

Anyhow, good luck bud
Well, demo accounts never execute like real accounts so they are not completely indicative of the real world. News traders, time and time again, realize this when they move from demo to real. So trading $0.10/pip may seem silly at first, it would actually give you a more accurate sense of markets and fills than a demo ever could.
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