I ran a side by side test random trading sessions of Mb Mt4 and Ibfx Mt4. What I found was quite sad indeed. The so called ECN that Mb has described may be just such however, do know that the well know flavor packed back office tactics are indeed in effect.
Long delays on entry with fills after price has moved well against you, on both entry and exit several times in a row.
Out of 50 side-by side trades with Ibfx vs Mb Mt4 I found Mb Trading to be not in favor of trader 70 percent of the time.
To my amazement Ibfx had not a single delay on fill or exit. They are on a claimed STP system.
Off was not included in this test but I do have a live account with them and have not noticed any fill / exit anomalies other than slight fill gaps usually only
under fast market conditions.
The sum is simple dont think for a minute a bucket shop won't find other ways to cheat movement even after they have set up an eye candy system such as a ECN. Beware of this trap. Avoid ECN unles it is off-shore or with a 1st tier brokerage house. In my opinion of nearly a decade of Spot Fx experience. Oanda is by far your best bet not matter a New trader or Old Timer.
Otherwise go with futures currencies.
Long delays on entry with fills after price has moved well against you, on both entry and exit several times in a row.
Out of 50 side-by side trades with Ibfx vs Mb Mt4 I found Mb Trading to be not in favor of trader 70 percent of the time.
To my amazement Ibfx had not a single delay on fill or exit. They are on a claimed STP system.
Off was not included in this test but I do have a live account with them and have not noticed any fill / exit anomalies other than slight fill gaps usually only
under fast market conditions.
The sum is simple dont think for a minute a bucket shop won't find other ways to cheat movement even after they have set up an eye candy system such as a ECN. Beware of this trap. Avoid ECN unles it is off-shore or with a 1st tier brokerage house. In my opinion of nearly a decade of Spot Fx experience. Oanda is by far your best bet not matter a New trader or Old Timer.
Otherwise go with futures currencies.
"Look Left Think Right"