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Looking for a broker for USA traders

  • #1
  • First Post: Aug 2, 2010 2:09am Aug 2, 2010 2:09am
I am searching few months for a good broker that USA traders can use without any problem.but i can not find anything that cover my points below.
1-Have MT4 platform
2-low spread for scalping
3-it does not require more than $500 to open a live account.
4-easy and low cost deposit and withraw.
5-Allow USA traders
6-trustful,reliable one who does not run away tomorrow.

so far all i found is Alpari UK which does not allow usa traders.i thought maybe somebody there out can help me.
  • #2
  • Aug 2, 2010 7:00am Aug 2, 2010 7:00am
Quoting fredgold3434
I am searching few months for a good broker that USA traders can use without any problem.but i can not find anything that cover my points below.
1-Have MT4 platform
2-low spread for scalping
3-it does not require more than $500 to open a live account.
4-easy and low cost deposit and withraw.
5-Allow USA traders
6-trustful,reliable one who does not run away tomorrow.

so far all i found is Alpari UK which does not allow usa traders.i thought maybe somebody there out can help me.
MB Traders, it's an ECN.
  • #3
  • Aug 2, 2010 7:15am Aug 2, 2010 7:15am
Try this one http://tinyurl.com/27rrzn2
  • #4
  • Aug 2, 2010 9:13am Aug 2, 2010 9:13am
I like MB trading but I hear they have some issues with MT4. I would definetley put them on your short list.
  • #5
  • Aug 2, 2010 9:19am Aug 2, 2010 9:19am
Quoting steve930
MB Traders, it's an ECN.
still alpari has lower spread and no commision.
thanks
  • #6
  • Aug 2, 2010 9:22am Aug 2, 2010 9:22am
Quoting fredgold3434
still alpari has lower spread and no commision.
thanks
So you want a deal desk? And one of the worst ones out there at that?
  • #7
  • Aug 2, 2010 10:22am Aug 2, 2010 10:22am
Quoting wannatradefx
So you want a deal desk? And one of the worst ones out there at that?
You mean Alpari UK is the worst one?
  • #8
  • Aug 2, 2010 2:20pm Aug 2, 2010 2:20pm
Quoting fredgold3434
I am searching few months for a good broker that USA traders can use without any problem.but i can not find anything that cover my points below.
1-Have MT4 platform
2-low spread for scalping
3-it does not require more than $500 to open a live account.
4-easy and low cost deposit and withraw.
5-Allow USA traders
6-trustful,reliable one who does not run away tomorrow.

so far all i found is Alpari UK which does not allow usa traders.i thought maybe somebody there out can help me.
You might try FXDD. Not sure what kind of spread you consider "low," but it's 2 pips EU, 4 on GU. But you can sign up with an IB and get rebates, so cost is actually less.

I've been pretty happy with them, and they fit your list pretty well, but to be honest the main thing you want is fast live trade execution. Low spreads, no commission, etc. doesn't mean squat if your trades aren't executed properly (meaning fast order fill with little slippage or delay). This is something you can't know first hand until you trade live with a broker (go figure . Or, you can listen to others who have traded live, read reviews and so forth.

But this is an important thing (execution), and should be on your list. Many brokers advertise low spreads because they know it brings in new traders. But then their execution stinks, you get major slippage, etc., so you end up not getting the benefit of all those pretty spreads.

There are other good (and better) brokers than FXDD, but for your requirements, they are probably the best recommendation I can give of brokers I have experience with.
  • #9
  • Aug 2, 2010 2:34pm Aug 2, 2010 2:34pm
IBFX.COM
  • #10
  • Aug 2, 2010 8:07pm Aug 2, 2010 8:07pm
Quoting fredgold3434
so far all i found is Alpari UK which does not allow usa traders.
Quoting fredgold3434
still alpari has lower spread and no commision.
thanks
If you cant open an account with them then who cares what they offer?

Have you even tried checking out the preferred broker section here?
  • #11
  • Aug 3, 2010 4:17pm Aug 3, 2010 4:17pm
Quoting traderjai_inhi
If you cant open an account with them then who cares what they offer?

Have you even tried checking out the preferred broker section here?
I know well that i can not open account with them,thats why i have started this thread since alot of US traders have the same problem,so but what i'm asking to find some broker like that who allows US traders.

yes i have checked already FF preferred brokers.
regards
Fred
  • #12
  • Aug 3, 2010 4:18pm Aug 3, 2010 4:18pm
Quoting fxoxford
IBFX.COM
IBFX has hight spread.
regards
  • #13
  • Aug 3, 2010 4:20pm Aug 3, 2010 4:20pm
Quoting TC East
You might try FXDD. Not sure what kind of spread you consider "low," but it's 2 pips EU, 4 on GU. But you can sign up with an IB and get rebates, so cost is actually less.

I've been pretty happy with them, and they fit your list pretty well, but to be honest the main thing you want is fast live trade execution. Low spreads, no commission, etc. doesn't mean squat if your trades aren't executed properly (meaning fast order fill with little slippage or delay). This is something you can't know first hand until you trade live with a broker (go figure...
i have had demo with them,not fair customers service.
regards
  • #14
  • Aug 3, 2010 4:55pm Aug 3, 2010 4:55pm
Quoting fredgold3434
i have had demo with them,not fair customers service.
regards
I hear you. I actually have an issue with them right now, and it's been met by one incompetent employee after another it seems. I actually might even close my account as a result I'm so frustrated.

Anyway, I get the feeling you're looking for "Broker Charming" or something. The perfect broker simply doesn't exist. You have to just prioritize what it is you want, then go with the best you can find, but it's ALWAYS a matter of taking the good with the bad no matter what.

But best wishes on finding what you want...
  • #15
  • Aug 3, 2010 5:00pm Aug 3, 2010 5:00pm
Quoting TC East
I hear you. I actually have an issue with them right now, and it's been met by one incompetent employee after another it seems. I actually might even close my account as a result I'm so frustrated.

Anyway, I get the feeling you're looking for "Broker Charming" or something. The perfect broker simply doesn't exist. You have to just prioritize what it is you want, then go with the best you can find, but it's ALWAYS a matter of taking the good with the bad no matter what.

But best wishes on finding what you want...
i know,so far MB is in my list,but looking for lower cost one if i can find.
  • #16
  • Aug 3, 2010 5:27pm Aug 3, 2010 5:27pm
IG Markets looks promising. Their customer service is great, and they even allow you to hedge. The only drawback that I can see so far (I just opened an account) is they don't use MT4 platform.
  • #17
  • Aug 5, 2010 5:19am Aug 5, 2010 5:19am
Quoting ecTrade
IG Markets looks promising. Their customer service is great, and they even allow you to hedge. The only drawback that I can see so far (I just opened an account) is they don't use MT4 platform.
I traded CFDs with IG and whilst they were good they are a dealing desk so I got some dodgy fills. I trade my FX through Go markets and I think they meet your requirements.
  • #18
  • Aug 5, 2010 6:43am Aug 5, 2010 6:43am
Yet another thread to reveal brokers' marketers? Okaaay

Putting it serious you can try out FBS.com, never noticed anything like DD there, and so far I'm pleased with them.
  • #19
  • Aug 5, 2010 10:42am Aug 5, 2010 10:42am
Quoting Steph
I traded CFDs with IG and whilst they were good they are a dealing desk so I got some dodgy fills. I trade my FX through Go markets and I think they meet your requirements.
Yeah, I just signed up with Go Markets yesterday because of the platform issues. Go Markets appears to have its own issues as well though, according to the start of this thread.
  • #20
  • Aug 8, 2010 9:10am Aug 8, 2010 9:10am
I am in a process of demo trading on FXCLUB's Act Trader platform. Looks pretty good so far. Spread mostly 1 pip om majors, fast execution.

The only problem is compliance with FIFO rule so you can not close your positions in the order you want but you have to close them on First in first out basis.

Cheers
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