Which Is The Best Broker For a Money Manager? | Forex Factory

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Which Is The Best Broker For a Money Manager?

  • #1
  • First Post: Oct 5, 2011 2:08am Oct 5, 2011 2:08am
Who is the best spot forex broker for Money Manager who manage a pool of USD200k with 20 clients.
~~ Happy Trading ~~
  • #2
  • Oct 5, 2011 2:53am Oct 5, 2011 2:53am
Quoting starbucks
Who is the best spot forex broker for Money Manager who manage a pool of USD200k with 20 clients.

Very interesting question. Maybe Alpari?
  • #3
  • Oct 5, 2011 6:51am Oct 5, 2011 6:51am
Quoting josef
Very interesting question. Maybe Alpari?
Hi Josef,

Alpari UK ? what about MF Global UK ?
~~ Happy Trading ~~
  • #4
  • Oct 5, 2011 7:30am Oct 5, 2011 7:30am
Quoting starbucks
Hi Josef,

Alpari UK? what about MF Global UK?
With 200.000, you can trade directly with Liquidity provider. I don't know a lot about trading with a liquidity provider, but it's really a way to get a good spread and extremely fast trade execution.

Regards,

Josef
  • #5
  • Oct 6, 2011 3:39am Oct 6, 2011 3:39am
Quoting josef
With 200.000, you can trade directly with Liquidity provider. I don't know a lot about trading with a liquidity provider, but it's really a way to get a good spread and extremely fast trade execution.

Regards,

Josef
Hi Josef,
Do you mind to give me one or two Liquidity provider name ?

Thank in adv.
~~ Happy Trading ~~
  • #6
  • Oct 6, 2011 4:41am Oct 6, 2011 4:41am
Quoting starbucks
Who is the best spot forex broker for Money Manager who manage a pool of USD200k with 20 clients.
Do not go with alpari UK, not unless you like being requoted at least 5 times per trade.
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  • #7
  • Oct 6, 2011 7:54am Oct 6, 2011 7:54am
Quoting starbucks
Hi Josef,
Do you mind to give me one or two Liquidity provider name ?

Thank in adv.
boston tech now offers bt prime
currenx
  • #8
  • Oct 6, 2011 8:26am Oct 6, 2011 8:26am
Look into Oanda. Oanda Forex Managed Accounts
  • #9
  • Oct 7, 2011 3:21am Oct 7, 2011 3:21am
Quoting starbucks
Hi Josef,
Do you mind to give me one or two Liquidity provider name ?

Thank in adv.

http://www.integral.com/

http://www.ilq.com/

http://www.nasdaqtrader.com/Trader.aspx?id=topliquidity


What happen when you place a trade with your broker:

You >> MetaTrade 4 >> Broker (Charges Commission) >> Liquidity provider ( Charges Commission) >> Order placed


When you trade with Liquidity provider directly:

You >> Liquidity provider ( Charges Commission) >> Order placed

Trading with the liquidity providers gives you faster execution, and you pay less for your trades.

However, to start trading with them, you need to put on a table $50.000+

Regards,

Josef
  • #10
  • Oct 7, 2011 3:48am Oct 7, 2011 3:48am
Quoting starbucks
Who is the best spot forex broker for Money Manager who manage a pool of USD200k with 20 clients.
I'm personally going for Dukascopy (with them, you need to document that you are profitable in order to manage accounts) & Interactive Brokers with around the same amount.

As a retail trader, I doubt there are many (much) better alternatives.
Measure twice, cut once
  • #11
  • Oct 7, 2011 4:27am Oct 7, 2011 4:27am
Quoting josef
http://www.integral.com/

http://www.ilq.com/

http://www.nasdaqtrader.com/Trader.aspx?id=topliquidity


What happen when you place a trade with your broker:

You >> MetaTrade 4 >> Broker (Charges Commission) >> Liquidity provider ( Charges Commission) >> Order placed


When you trade with Liquidity provider directly:

You >> Liquidity provider ( Charges Commission) >> Order placed

Trading with the liquidity providers gives you faster execution, and you pay less for your trades.

However,...
Thanks Josef,

Those are really big firm, but I just wonder why ilq still using MT4 ?

In term of price data, will it be any huge different compare to the normal

MT4 like Alpari or Fxdd ? Most of the MT4 always ... re-qoute and re-qoute..
~~ Happy Trading ~~
  • #12
  • Oct 7, 2011 4:34am Oct 7, 2011 4:34am
Quoting aediaz1
I'm personally going for Dukascopy (with them, you need to document that you are profitable in order to manage accounts) & Interactive Brokers with around the same amount.

As a retail trader, I doubt there are many (much) better alternatives.
hi aediaz1,

Personally I don't like MT4, they always re-qoute, sometimes can't even close a profitable trade during high volatily time. and those brokers have thousand and one reoson to tell us, most common is "YOur internet connection is slow".

For Interactive Brokers, I read a lot of negetive info about them, so i'm a bit lost how to choose my "NEW" broker. currently I'm with Oanda.
~~ Happy Trading ~~
  • #13
  • Oct 7, 2011 5:12am Oct 7, 2011 5:12am
Quoting starbucks
hi aediaz1,

Personally I don't like MT4, they always re-qoute, sometimes can't even close a profitable trade during high volatily time. and those brokers have thousand and one reoson to tell us, most common is "YOur internet connection is slow".

For Interactive Brokers, I read a lot of negetive info about them, so i'm a bit lost how to choose my "NEW" broker. currently I'm with Oanda.
if lets say MS Excel or Word freeze allot on you, would you blame Excel or Word or would you investigate the computer and or the person who is using the machine?

MT4 is a good program, the question is, what broker is behind it, dont blame mt4 itself.

AND its laughable when people say I refuse to use MT4 I want to use another platform to trade, well if the broker isnt honest, the same plugins and controls that he had for mt4 he has that + a few more for his own platform.

STP brokers is the only way, too bad they can switch you to DD anytime.
  • #14
  • Oct 7, 2011 5:19am Oct 7, 2011 5:19am
Quoting Hedge212
if lets say MS Excel or Word freeze allot on you, would you blame Excel or Word or would you investigate the computer and or the person who is using the machine?

MT4 is a good program, the question is, what broker is behind it, dont blame mt4 itself.

AND its laughable when people say I refuse to use MT4 I want to use another platform to trade, well if the broker isnt honest, the same plugins and controls that he had for mt4 he has that + a few more for his own platform.

STP brokers is the only way, too bad they can switch you to DD anytime....
Hi Hedge212,

May I know who is your broker then ...? I want to learn and compare ,....
~~ Happy Trading ~~
  • #15
  • Oct 7, 2011 5:37am Oct 7, 2011 5:37am
Quoting starbucks
Hi Hedge212,

May I know who is your broker then ...? I want to learn and compare ,....
I closed all my accounts for now as I was doing well and started seeing off quote and requote and please wait messages, I am trying to find someone legit myself and might go direct with a liq. provider
  • #16
  • Oct 7, 2011 6:15am Oct 7, 2011 6:15am
Quoting Hedge212
I closed all my accounts for now as I was doing well and started seeing off quote and requote and please wait messages, I am trying to find someone legit myself and might go direct with a liq. provider
ok, Please keep me inform once you decide which liq. provider to go...

Thank in adv.
~~ Happy Trading ~~
  • #17
  • Last Post: Oct 7, 2011 8:45am Oct 7, 2011 8:45am
Quoting starbucks
hi aediaz1,

Personally I don't like MT4, they always re-qoute, sometimes can't even close a profitable trade during high volatily time. and those brokers have thousand and one reoson to tell us, most common is "YOur internet connection is slow".

For Interactive Brokers, I read a lot of negetive info about them, so i'm a bit lost how to choose my "NEW" broker. currently I'm with Oanda.
Me neither I don't think you can trade using mt4 with any of those. Dukas have their own platform and you can use their API too, same goes for IB.
Measure twice, cut once
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