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MT4 favorite Brokers - as low as 1 Pip spreads

  • #101
  • Edited 10:11am Mar 31, 2009 10:08am | Edited 10:11am
Unlike traditional spread-trading platforms, PCIFX operates an ECN Electronic Communication Network where customers can trade on prices streamed by multiple large banks and other organizations and clients. all market participants are given an equal access to best prices best spread and fastest execution. i tried them for 6 months until now and i made a lot of withdrawals and my account still same and um making moneyyyyyyyyyyyyyy[/font]
log and see pcifx.com
  • #102
  • Apr 7, 2009 3:43pm Apr 7, 2009 3:43pm
Have no way of knowing if they are honest and your money would be safe.
Need to know more before I would try them. IMO

EURUSD Spread* 0-.5 Pips
USDJPY Spread* 0-.6 Pips

Commission: $0 Spread Padding: 0 Pips
Dealing Desk: None

They also say they have ....................Absolutely No Price Manipulation, Ever!


I think I will try their Demo

http://www.thecollectivefx.com/
  • #103
  • Apr 22, 2009 3:14pm Apr 22, 2009 3:14pm
I have been trading a live account, i traded manually and i am running an expert advisor on the account. I have to say that i am very impressed with their MT4, and their service. i am talking about FXCBS.

from my experience i worked myself with 3 of the biggest market makers. and i can assure you even if you have regulations and bank accounts are segregated, you are never safe. I would sign a contract with the devil but not sign a contract of a the biggest and most regulated market maker. and which bank would you trust with your deposit now? and if they cant take care of their own funds? you think they will keep an eye and regulate you segregated account? and well wether its NFA and FSA. the biggest banks in UK and US were regulated by the NFA and FSA. well i worked in this market for the past 4 years and truly i lost confidence in the whole regulatory system and banking system itself. its now upto the company and how good is your experience with it.

I have tried many ECN companies, or people who claim to be ECNs. and my best choice so far is FXCBS.

well they are not regulated.. i have my banking account with them in Barclays bank in Cyprus. they charge $8 comission which is very reasonable for an ECN comission.

companies that claim they are ECN and they have 0$ comission, and they have 0 swap is a big scam..

ECNS have to offer swap accounts and if their comission is 0, then they are marking all their aggregated spreads. or then how do they get paid???
  • #104
  • Edited 1:06pm Apr 25, 2009 12:18pm | Edited 1:06pm
Wael ..........thank you! So would FXCBS be good & safe for Traders from the USA? Thanks very much!

Here's also gallantfx, STP low spreads MT4 Broker I am thinking of trying. I just downloaded their Demo. They offer 1-400 Leverage. IMO

http://gallantfx.com/rates.html


..........................................

Added Later:
Says they have ..... Fixed 1 pip spread for 6 pairs, Leverage up to 500:1:
http://www.almaforex.com/
  • #105
  • Apr 27, 2009 7:54pm Apr 27, 2009 7:54pm
1 pip spread on majors: I am going to give their Demo a try see if it is true. I heard they are good for robots that need good spreads. Anyone here tried them? IMO

http://www.investtechfx.com/
  • #106
  • Jun 6, 2009 10:56am Jun 6, 2009 10:56am
Heres another Broker that may work for some of u:
Spread as low as 1 Pip
http://summerstreetfx.com/


new MT4 broker that allows any trader and any EA ......No comm....... No requotes!

1) MT4 summerstreetfx. com/Register/PreRegistration.aspx
2) NO COMMISSION
3) NO DEALING DESK
4) NO REQUOTES
5) SPT 6 PRIME BANKS
6) VARIABLE SPREAD
7) All trades, all files, all EAs
  • #107
  • Jul 16, 2009 3:28pm Jul 16, 2009 3:28pm
Thanks Wael, the only problem with the fxcbs is their commission which is very high i guess. About EA yes only big name EA's(megadroid/fapturbo) working fine , if its customized or general public EA it wont take even a single trade.



Quoting wael117
I have been trading a live account, i traded manually and i am running an expert advisor on the account. I have to say that i am very impressed with their MT4, and their service. i am talking about FXCBS.

from my experience i worked myself with 3 of the biggest market makers. and i can assure you even if you have regulations and bank accounts are segregated, you are never safe. I would sign a contract with the devil but not sign a contract of a the biggest and most regulated market maker. and which bank would you trust with your deposit now?...
  • #108
  • Jul 17, 2009 1:58pm Jul 17, 2009 1:58pm
The only REAL broker that has low spreads like that even in the Asian session is MBT. i have a live account with them but thanks to the NFA, my EA's are all useless in the US now! stupid no hedge and FIFO rules!

but you got 250,000.00?! tadawul is supposed to give it to you!

http://www.tadawulfx.com/v2/services...nts-types.html
  • #109
  • Jul 31, 2009 7:05pm Jul 31, 2009 7:05pm
Man, I've been hunting for a new broker for 6 months. It seems like there's no one more trustworthy than IBFX, and I'm not happy with them either, after reading all the reviews, etc. and doing additional research.

bummer
  • #110
  • Aug 3, 2009 8:34pm Aug 3, 2009 8:34pm
Quoting Scuffer
Man, I've been hunting for a new broker for 6 months. It seems like there's no one more trustworthy than IBFX, and I'm not happy with them either, after reading all the reviews, etc. and doing additional research.

bummer
yes, ibfx is good but it is not good for EA now!
  • #111
  • Aug 12, 2009 4:00pm Aug 12, 2009 4:00pm
Quoting ut2DaMax
Heres another Broker that may work for some of u:
Spread as low as 1 Pip
http://summerstreetfx.com/


new MT4 broker that allows any trader and any EA ......No comm....... No requotes!

1) MT4 summerstreetfx. com/Register/PreRegistration.aspx
2) NO COMMISSION
3) NO DEALING DESK
4) NO REQUOTES
5) SPT 6 PRIME BANKS
6) VARIABLE SPREAD
7) All trades, all files, all EAs
8. USA based, but NOT registered with the NFA.
9. Domain owned by Craig Karlis. Might be worth running a google search on him. He seems to be very well known in some forex circles, if you get my meaning.
  • #112
  • Aug 13, 2009 1:08am Aug 13, 2009 1:08am
Please comment Forex.com UK and Alpari UK which is the best broker for EA?
  • #113
  • Aug 31, 2009 11:11am Aug 31, 2009 11:11am
Just wanted to give everybody heads up on the Collective! Even though they closed their membership to new members, I have had a demo acct for a couple of weeks. My EA was doing great on their "low spreads", but last night as the market opened up, I noticed my account spiralling downward as my trades were being taken out by mysterious spikes. I checked 4 other brokers and they had normal prices (no spikes at all), with about a 30+ pip difference! I emailed them and they explained it as "changing data feeds", since they were adapting their platform and feeds to a new bank. That doesn't explain a 30+ pip difference in my book. This morning, the same thing was happening to nearly every trade! I emailed them again, and they said I was not being polite. I did not use any bad language, but I did use a couple of exclamation marks for emphasis, not in any offensive way at all. They responded with "We have closed our membership. Good luck wherever you end up trading." They couldn't even explain this anomaly. If you haven't heard of this broker, you can check their website www.thecollectivefx.com. Notice partway down the page: "The Collective FX will NEVER 'Stop Hunt', 'Price Spike' or 'Quote Delay'." If they aren't doing this, who is? Their bank? If so, it's still their responsibility. It's bad enough to pay their monthly fee and commissions, and then, on top of that, get spiked along the way. I know, since I have only a demo acct, that they were not targeting me personally, but I'm sure someone with a real acct and similar trades got the axe! Great job guys! Who can we trust out there anymore?
  • #114
  • Aug 31, 2009 6:43pm Aug 31, 2009 6:43pm
stovedude This Just Waring ... Don't Multiply posts

Quoting stovedude
Just wanted to give everybody heads up on the Collective! Even though they closed their membership to new members, I have had a demo acct for a couple of weeks. My EA was doing great on their "low spreads", but last night as the market opened up, I noticed my account spiralling downward as my trades were being taken out by mysterious spikes. I checked 4 other brokers and they had normal prices (no spikes at all), with about a 30+ pip difference! I emailed them and they explained it as "changing data feeds", since they were adapting their platform...
Charting Markets into the Future...MǎҖ€¥.
  • #115
  • Sep 2, 2009 12:13am Sep 2, 2009 12:13am
Quoting stovedude
Just wanted to give everybody heads up on the Collective! Even though they closed their membership to new members, I have had a demo acct for a couple of weeks. ... . It's bad enough to pay their monthly fee and commissions, and then, on top of that, get spiked along the way. I know, since I have only a demo acct, that they were not targeting me personally, but I'm sure someone with a real acct and similar trades got the axe! Great job guys! Who can we trust out there anymore?
While it's good to always be vigilant and not get too comfortable with your broker, there are some explanations for what you're seeing; they've done a migration to Deutsche Bank as their LP, which does involve a fair amount of technology changes. Although trading was suspended longer than expected, there's been acknowledgement of unusual spreads, unexpected by anyone. Gary emailed to say they were complaining to DB (today), and things look to have gotten much better getting into the Asian session tonight. Sure scams can always be in play, but remember too that many brokers are not the sole and final link in the process, but rather a piece of a fairly complicated end to end solution where stuff can break, and there's always other/bigger service providers giving them a service too.

I too was disappointed (today) to begin closely monitor pairs & see spreads as high as 5.6 on GBYJPY, but it's currently a fairly steady 3.3, while USDJPY is 1.1. Sure a monthly fee can seem high ($80, $150 or more depending on lots & turns), but any serious trader or someone who can do math can determine fairly quickly that higher spreads than what I've listed plus $5-$10+ commissions for full lots adds up real quick as less profit for you, not to mention can wreak havoc on EAs. Frankly, you're a little alarmist, premature and ill informed in your comments, yet don't seem to have any stake in them while pointing out they're not taking on new members, hence it's kind of a moot point. Not sure what you mean by "got the ax": they also did say to do some retesting of EAs, since the data feed is still new - that's only prudent when an LP is changed.
  • #116
  • Sep 2, 2009 1:16am Sep 2, 2009 1:16am
If it were only the spreads to contend with, that is understandable, but if you check the AUDNZD charts (5M) with other brokers, you would see what I mean, unless they are only doing it on my platform. There are 300+ pips (5 digit) spikes here and there which usually coincide with my (or maybe somebody else's) SL's. The spikes seem to follow my SL plus a pip or two beyond and then reverse to make a normal close (compared with other brokers). These spikes don't occur on the other brokers' platforms. I asked for a reasonable explanation, but they refused to give one, saying that I was not very polite (I used a couple of exclamation marks for emphasis, not for rudeness). Anyway, we're talking business here, not idle chit-chat. This is not asking someone out on a date, but a serious inquiry! Politeness never won any battles with the Borg, I'm afraid.
  • #117
  • Sep 2, 2009 3:01am Sep 2, 2009 3:01am
Quoting mark1122
is there any meta trader brokers that aren't market makers??? but are ecn
like dam no good meta4 broker.......????
FXOpen has MT4 ECN live.

MBT is working on it but still trying to work out the NFA thing I believe.

Dukascopy now has an API for streaming through MT4 too but I haven't tried it.

They are the only ones I know of that have MT4 ECN AND also give you the LVL II info and the proper execution to back up their claims of being an ECN. However I remember a while back I think Hotspotfxi also had an API but I don't know if thats still available.
  • #118
  • Sep 3, 2009 12:59am Sep 3, 2009 12:59am
MT4 can be nice, because it's so popular and versatile, but it gives too much control to these brokers IMO. Robots only work for so long until the brokers find a way to defeat 'em. It's a constant battle every which way we go these days.
  • #119
  • Sep 3, 2009 2:40am Sep 3, 2009 2:40am
Quoting stovedude
MT4 can be nice, because it's so popular and versatile, but it gives too much control to these brokers IMO. Robots only work for so long until the brokers find a way to defeat 'em. It's a constant battle every which way we go these days.
Or perhaps the "robot" is at fault? Do you fall so hard for the marketing BS of your typical $49.95 EA that if it fails, you blame anyone but the maker of the EA?

Do you think brokers bother spending time and development money just to defeat an EA? What's more likely is that they would either let you use it, or not let you use it and close your account.
  • #120
  • Sep 4, 2009 1:17am Sep 4, 2009 1:17am
Quoting oakmonster
Or perhaps the "robot" is at fault? Do you fall so hard for the marketing BS of your typical $49.95 EA that if it fails, you blame anyone but the maker of the EA?

Do you think brokers bother spending time and development money just to defeat an EA? What's more likely is that they would either let you use it, or not let you use it and close your account.
I would much rather blame the EA, which I usually do, because that's pretty much the norm nowadays. Not many EA's work for very long. Look at FAPTurbo. Worked great for many months. Now virtually nothing, and people are looking for new brokers to try it again. EA's are extremely popular now, and brokers know exactly what to do with each one. That's their job. That's why EA's don't work very good on large accounts. The small accounts aren't worth bothering with, just like mine. They love EA's, because they know their patterns. That's why most offer to set up your EA for free. It's all part of their equation. If they know you will probably lose your trade, do you think that they would even actually place the order with the bank? They would much rather take your entire loss than the measly little spread. Anyway, I'm only talking about a simple little 30 pip spike difference between brokers, if you read my first post. I'd call it stop-hunting or price-spiking, coming from a broker that promises never never to do those things. They say it is a data feed error, but it continues after they fixed everything after changing to a different bank.
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