MT4 favorite Brokers - as low as 1 Pip spreads

From my experience I can say that all MM with 1 or less pips spread are scam and will be gone. There is no way for these guys to make money only when you lose and they will help you a lot.STP or ECN brokers is only alternative if you are looking for best spreads and speed, but don't forget that spreads will be widen during the news or low liquidity times.

I recently opened a Micro account with FXCM. This account type has met and exceeded ALL my pre-conceived notions about this company and this type of account. Spreads are typically in the 1.5 pips range for Eur/Usd but tighter Spreads are also possible. I use Market Orders exclusively and there is a higher rate of Requotes during faster market times(news). I dont scalp with this type of account either. The TradeStation2 platform I use doesnt "freeze" as in the past and Deposits and Withdrawals are done entirely online. I like FXCM and its customer service and I can say with all the experience of a current & ex-client(I had a MiniAccount from 2005-2008) that they are not the company they used to be-IMHO.

1 pip spread is BS. Hands down... unless your talking institutional accounts.. then of course 1 pip is fine! Normal even.

My problem when choosing a broker was stop hunting. You know when the price goes erratic and spikes up and down grabbing entries and busting stops. So I found a way to find out who's doing it;

Grab free demo accounts and compare them. You will notice very shortly that one slides along in a channel and one spikes up and down through the channel, or that one makes higher highs and lower lows than the other one. I Kept doing that and found a 2 pip broker that was better than my 2.8 pip broker I was using (EUR/USD) Anything I tried below 2 pips was a joke. Very spazzy action with gaps. weird how different the action can be from broker to broker. Don't let the big names fool you either, my 2.8 spread account was one of the biggest in the world, and one of the worst for down time and stop hunting.


I hope that helps.

Tell me about it!

Thanks for the info.. yep going fine with them so far only taking rare scalps because Jadefx is built for it! Nice setup

Remember when stocks traded in 1/16's and 1/8's and then they went to penny spreads and volume skyrocketed. I think that when the brokers and mm's realize that in the long run, having a 1 pip spread on every pair will make a lot more people overtrade their accounts and therefor generate even more revenue for themselves then now, within 2 years, almost every shp will have 1 pip spread as they all scramble to stay in line with each other. IT IS IMPOSSIBLE TO BE A SCALPER IN FOREX AND WIN WITH A 3 OR MORE PIP SPREAD. Day traders in stocks like myself who have tried day trading forex realize very quickly you get eaten alive in a matter of days. Fx shops need to bring in the legion of futures and equities scalpers to FX and they will never do it with 3 or even 2 pip spreads. I bet at some point you even have fractional spreads! Now wont that be nice? I personally will never day trade Fx again until I can get a 1 pip or lower spread. Imagine Forex trading in pennies like stocks? You think Forex is big now...it would explode! The time is coming.

FXCentral Trader, is their .....mt4 Demo ......and..... Live Platform. super low spreads + commissions and good safety of funds, etc. as it appears. Let me know what you all think. They are in NY and have a Toll Free number to call them on any questions you may have. http://www.fxcentral.net/fxcentral_trader.html

Hi all,

kingdomforex.com .... is a ECN that I have heard, some are using and like a lot. They are based out of Vegas. It is up to u to research them before trying them live. Their spreads on their Demo is very good. Stay tuned there are more choices coming. IMO
Just trying to be helpful to those that are searching for more options.

ut2

Note: FXCentral above is based out of India.

yo UT - fxopen ECN have really low spreads as well by the way!

but big big commission, stupid !

how does it have big commission?

it's pretty standard.

and anyway, their execution is awesome, which is hard to get nowadays.

I have tried a few broker and spread is best with this broker.

I thought I would add a fun one for ya/

This broker offers

.4 pip spread

and get this

A WHOPPING ------> 1 TO 1000 (1:1000) leverage

micros and a $100 minimum deposit.

Only 1:1000 ? LOL

hey guys,

anyone here tried this ECN broker with standard account starting capital at usd25?

www.fbs.com

Need your comments please. tq

I did, don't have much to say yet, it's ok now, nothing to complain about. We'll live - we'll see.

Forex Traders:

If u are like me, u are always looking for more mt4 ECN broker options:

Here is another ECN. I am considering opening an account w them.
The Demo works great. Low spreads. IMO


http://www.primebankforex.com/

"By Private Invitation Only" ??????? A new advertisement gag??


-----------------------------------------------------
http://www.myfxbook.com/members/pc8multifx

Thanks Onu; ...they are located in Ocala FLA. and appear to be highly legit Company. I defiantly am considering them as an alternative ECN.

Here is another ECN that has commision added into the spread. IMO
Located in NYC.
http://www.paragonfx.com

Here's part of what they claim:

“Built By Traders, Built For Traders”
Paragon FX the leading provider for ECN FX trading. Paragon was established to give our clients the edge they need when dealing in the FX markets. In a response to the unfair pricing and execution that traders are currently being subject to by most retail brokers and on the trading floor,

thanks for the update dude.

still hard to find anything faster than fxopen's execution though.

stupid?

ok, please find me a broker, with 500:1 leverage, ECN, and super fast execution.

you'd be hard pressed to find one better than FX Open.