MT4 broker with micro lots | Forex Factory

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MT4 broker with micro lots

  • #1
  • First Post: Mar 24, 2010 8:15am Mar 24, 2010 8:15am
I realise there is already a post for this but it's old and the information may have changed.

I'm looking for an MT4 broker.
The broker must allow hedging.
The broker must allow a minimum lot size of 0.01 lot.
The broker must not restrict the maximum lots open ( ala Alpari's 2 standard lots ).
The broker must not restrict the account balance - I will be opening with $5000 dollars at least.
The broker must be reputable.

I've spent all morning trying to find one and so far the only one I've found is FXDD, who have poor online reviews.

Any suggestions would be gratefully appreciated.
Thanks
Steve
  • #2
  • Mar 24, 2010 8:38am Mar 24, 2010 8:38am
Quoting smb1970
I realise there is already a post for this but it's old and the information may have changed.

I'm looking for an MT4 broker.
The broker must allow hedging.
The broker must allow a minimum lot size of 0.01 lot.
The broker must not restrict the maximum lots open ( ala Alpari's 2 standard lots ).
The broker must not restrict the account balance - I will be opening with $5000 dollars at least.
The broker must be reputable.

I've spent all morning trying to find one and so far the only one I've found is FXDD, who have poor online reviews.

Any suggestions...
I use forex.com uk. Can trade .01's, can hedge, not sure on the lot limits, but i've traded well over 2, no account balance restrictions that I know of and i'm very pleased with their service.
  • #3
  • Mar 24, 2010 8:46am Mar 24, 2010 8:46am
Quoting guitarjrb
I use forex.com uk. Can trade .01's, can hedge, not sure on the lot limits, but i've traded well over 2, no account balance restrictions that I know of and i'm very pleased with their service.
SMB is correct I agree. I opened an account with Forex.com/uk after demoing. I have not found one issue, I was never stop hunted. I started off with $250 trading 7K lots I am now up to $450 after 1 week, I have just switched to trading 10K lots. I practiced for about 4 months though and I trade the trend. I also have a trading background but found Forex much easier and quicker to get in the money.

Forex.com/uk I opened the account with an initial deposit of $250 from my cc. This was great it was all done in less than one hour.

I have hedged long and short on the same price, I made money on both my hedge trades. If you know what you are doing it is a beautiful thing. Let me know if I can be of assistance.
Know when to hold em, Know when to fold em!
  • #4
  • Mar 24, 2010 8:47am Mar 24, 2010 8:47am
Quoting smb1970
I realise there is already a post for this but it's old and the information may have changed.

I'm looking for an MT4 broker.
The broker must allow hedging.
The broker must allow a minimum lot size of 0.01 lot.
The broker must not restrict the maximum lots open ( ala Alpari's 2 standard lots ).
The broker must not restrict the account balance - I will be opening with $5000 dollars at least.
The broker must be reputable.

I've spent all morning trying to find one and so far the only one I've found is FXDD, who have poor online reviews.

Any suggestions...
By the way I am getting sweet spreads for a micro account and only opening $250. I think with $1K if you initially deposit you might get 1 pip better but I dont know. I dont see much difference on my $5k demo vs my $micro live acct

By the way one question, why are you exposing your emotional trading of $5000 if you are only trading 1K lots? WHy not just open a $250 acct and make it an appoint to use this as your starting point.

Me personally I am going to use this as a testimony that I started off trading forex with only $250. Its quite easy to be one of the 5% successful traders if you know your risks and how to trade the trend. buy low, sell high. or sell high, buy low. I am not a short term trader I trade and will hold a trade from half a day till whenever.
Know when to hold em, Know when to fold em!
  • #5
  • Mar 24, 2010 8:54am Mar 24, 2010 8:54am
Thanks for the feedback folks.
I'm not really feeling the love for Forex.com after reading the reviews on ForexPeaceArmy.
Any other suggestions out there?
  • #6
  • Mar 24, 2010 9:05am Mar 24, 2010 9:05am
You will never find a perfect broker. I felt same way, I demoed it and had success and I find same success going live. I hear oanda is good, That is the only other company I would go with. But Gain capital is one of the largest brokers in the world. YOu will search and search unless you say the hell with it and make a decision. You will find good and bad on most brokers hence you will get all kinds of mixed emotions and never open an account. Almost happened to me.
Know when to hold em, Know when to fold em!
  • #7
  • Last Post: Mar 24, 2010 10:39am Mar 24, 2010 10:39am
Quoting goods
By the way I am getting sweet spreads for a micro account and only opening $250....
I've got a grid based martingale system I want to run so I need the small lot sizes and large deposit to cope with periods of extended drawdown.
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