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Broker questions

  • #1
  • First Post: Aug 24, 2009 4:42pm Aug 24, 2009 4:42pm
Hi All
What's the options for brokers that provide the MT4 platform, are based in the USA, are regulated and provide .01 lots. I think that's called "nano" lots? Whatever is the smallest. Also a web based platform along with MT4 would be a big plus. Thanks for any suggestions.
Mark
  • #2
  • Aug 24, 2009 7:49pm Aug 24, 2009 7:49pm
MB Trading is testing MT4, has micro lots (.1) and has a platform that is web based as well. Some don't like the platform, but you just have to get used to it.

Don't base your opinion of it by the demo. The demo stinks, has glitches, but the live platform performs with no problems that I have encountered.
  • #3
  • Aug 25, 2009 7:58am Aug 25, 2009 7:58am
Quoting markd85
Hi All
What's the options for brokers that provide the MT4 platform, are based in the USA, are regulated and provide .01 lots. I think that's called "nano" lots? Whatever is the smallest. Also a web based platform along with MT4 would be a big plus. Thanks for any suggestions.
Mark
You might try FXDD, but they don't fit all your criteria. They have MT4, micro lots (0.01; nano would be 0.001), but are not regulated by NFA. I've tried Alpari, IBFX, FxPro, and MIG as MT4 brokers, and trust me, FXDD is the best of those by far.

Don't get too hung up on NFA regulation; it really doesn't mean that much. If it's a situation where your broker is criminal or is going under, NFA regulation isn't going to save you, but it isn't going to hurt either of course.

FXDD has HQ in New York, and they are very big. I've had an account there for about a year with no problems. That being said, you will find plenty of people that hate them and plenty that love them.
  • #4
  • Aug 25, 2009 3:47pm Aug 25, 2009 3:47pm
Thank you for your comments Steve and TC. FXDD doesn't look bad but for the life of me, I cannot find any indication on their website that you can trade micro or nano lots. Can somebody show me this documentation or verify this? Thanks.
Mark
  • #5
  • Aug 25, 2009 4:01pm Aug 25, 2009 4:01pm
They have micro. It used to be that you had to ask them to enable on your account (might be still that way) - Zap em a email to ask if its automatic or still trader request.

Quoting markd85
Thank you for your comments Steve and TC. FXDD doesn't look bad but for the life of me, I cannot find any indication on their website that you can trade micro or nano lots. Can somebody show me this documentation or verify this? Thanks.
Mark
  • #6
  • Aug 25, 2009 4:19pm Aug 25, 2009 4:19pm
Thanks alot FullTime. I like what I've read about FXDD so I will get in touch with them and probably open an acct. if all goes well. Thanks Again.
Mark
  • #7
  • Last Post: Aug 26, 2009 9:10am Aug 26, 2009 9:10am
Quoting markd85
Thank you for your comments Steve and TC. FXDD doesn't look bad but for the life of me, I cannot find any indication on their website that you can trade micro or nano lots. Can somebody show me this documentation or verify this? Thanks.
Mark
Hi Mark...for some reason they don't seem to advertise that they have micro, but I just opened an online "live help" chat with them one time and requested it, and they did it on the spot while I waited. I'm pretty sure they don't have nano lots though. Oanda has nano if you really want that, but it's not MT4 of course...

Best wishes
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