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Best FX broker for scalping - pro traders opinion only pls

  • #21
  • Dec 11, 2011 3:43pm Dec 11, 2011 3:43pm
You might find this useful... although maybe a bit outdated by now... I downloaded it from some forum hear a few years ago.
Attached File(s)
File Type: xls Spread Dukas MBT.xls   1.2 MB | 528 downloads
  • #22
  • Dec 11, 2011 8:38pm Dec 11, 2011 8:38pm
Quoting Wacky Canuck
Just FYI, if you're an American citizen, MB Trading UK will not provide you with 100:1 leverage. Any broker doing business legitimately in the US (this includes MB Trading) in any fashion is required by law to offer no more than 50:1 leverage to American traders.
Forget 100:1 leverage for U.S Citizens,MB Trading UK would not even allow U.S citizens to sign up, instead they would be directed back to MB Trading U.S, and same applies for Dukascopy too.
Dukascopy has stopped accepting U.S citizens, who are instead encouraged to trade with their partners (Alpari and FXDD).
The choices of Brokers for U.S citizens are pretty much limited at this point (I am assuming the O.P is not one since he has not mentioned it in his intro).
  • #23
  • Dec 11, 2011 8:47pm Dec 11, 2011 8:47pm
Quoting trader121
Not a problem man, which broker do you use for scalping?
I am currently using Dukascopy and am pretty happy with them overall. But, I am looking at scaling up my capital and hence looking around for better brokers (better as in order fill/execution/capital safety).

I don't want to derail/hijack the OP's thread and hence will keep any further discussion exclusively on the topic.
  • #24
  • Dec 12, 2011 6:11am Dec 12, 2011 6:11am
Quoting rooicol
You might find this useful... although maybe a bit outdated by now... I downloaded it from some forum hear a few years ago.
Oh thank you, much appreciated. This clearly shows Duka as an better (and surprisingly cheaper) option...
Quant Hedge Fund CEO
  • #25
  • Dec 12, 2011 8:02am Dec 12, 2011 8:02am
www.lmaxtrader.co.uk


Exchange WITHOUT dealer intervention, no manipulation,no games,no disconnects, a scalpers paradise
  • #26
  • Dec 12, 2011 1:15pm Dec 12, 2011 1:15pm
Quoting Cocoflanel
www.lmaxtrader.co.uk


Exchange WITHOUT dealer intervention, no manipulation,no games,no disconnects, a scalpers paradise

Hey coco, you must be working for LMAX too, LOL!. Some people you just can't please. Oh well, if they like being shafted by market makers....enjoy!
  • #27
  • Jan 4, 2012 9:40pm Jan 4, 2012 9:40pm
Quoting rooicol
I'm currently trading with Pepperstone, and am getting a total trading cost of <1 pip on eurusd.
Is that on their razor platform?
Have a nice day
  • #28
  • Jan 7, 2012 6:06pm Jan 7, 2012 6:06pm
Quoting Xmen2
1) However, no hedging is allowed, i.e. you can't have a buy and a sell EUR/USD trade open at the same time, I understand that this is because of the US regulations.
Is it because of the US regs or because their dealing desk is hedging against your trades?
Have a nice day
  • #29
  • Jan 7, 2012 11:07pm Jan 7, 2012 11:07pm
Quoting billv
Is it because of the US regs or because their dealing desk is hedging against your trades?
because of US regulation, you can check the regulation at "http://www.cftc.gov/ucm/groups/public/@lrfederalregister/documents/file/2010-21729a.pdf", search for "Requirement to close out offsetting positions"
  • #30
  • Jan 8, 2012 7:09am Jan 8, 2012 7:09am
I started using them only because my buddy flew to meet whoever was dealing with his account, I forget the guys name. IMO FXDD spreads are too high...I used Vantage FX before they booted me for being in the States...was never profitable though with their platform...tricky schemes? my target being hit but take profit never executed? who knows I was a bum trader then...I trade eurusd,euraud,eurjpy, with MB TRADING and have no issues hitting my targets,slippage, or anything like that. Now they do turn their servers off around 5pm est for rollover but I'm usually off by then...I never had any reasons to go meet my broker because they have been legit...for a matter of fact one of my buddy's in Cali interviewed with them so I stand by them...good broker spreads are excellent for scalpers
  • #31
  • Jan 8, 2012 8:40am Jan 8, 2012 8:40am
theIEguy9_09, which MB Trading subsidiary are you with (MB Trading US or MB Trading UK) ?
  • #32
  • Jan 8, 2012 12:24pm Jan 8, 2012 12:24pm
I love to scalp too, that was one of my first trading strategies, totally understand your situation FxMastermind, try Tradingpoint and HotForex, you've got to try it for yourself to know if the service they provide you are to your expectations.They are ECN's too.

Good luck.
  • #33
  • Jan 9, 2012 9:09am Jan 9, 2012 9:09am
An interressant link to compare the spreads in live

http://www.fxintel.com/
I hear and I forget. I see and I remember. I do and I understand.
  • #34
  • Jan 9, 2012 10:08am Jan 9, 2012 10:08am
Quoting boubafx
An interressant link to compare the spreads in live

http://www.fxintel.com/
Fxintel is very good for showing current live price feeds and mean spreads, but that is about it. It doesn't show the many other aspects of broker services that are important, such as what kind of execution it is, minimum stop distance etc... Here's a broker comparisons spreadsheet i've been making up, it provides most details on 40 different brokers.
Attached File(s)
File Type: zip Broker Comparisons.xlsx.zip   83 KB | 514 downloads
  • #35
  • Jan 9, 2012 10:20am Jan 9, 2012 10:20am
Quoting rooicol
Fxintel is very good for showing current live price feeds and mean spreads, but that is about it. It doesn't show the many other aspects of broker services that are important, such as what kind of execution it is, minimum stop distance etc... Here's a broker comparisons spreadsheet i've been making up, it provides most details on 40 different brokers.
Yo are totally right, but i thought that some could be interested.

i'm interested in your documents, but unfortunately i can't read them with exel. What a pity
I hear and I forget. I see and I remember. I do and I understand.
  • #36
  • Jan 9, 2012 10:41am Jan 9, 2012 10:41am
Quoting boubafx
Yo are totally right, but i thought that some could be interested.

i'm interested in your documents, but unfortunately i can't read them with exel. What a pity
Here is the 1997-2004 version, .xls, How is that?
Attached File(s)
File Type: zip Broker Comparisons.xls.zip   37 KB | 413 downloads
  • #37
  • Jan 9, 2012 10:49am Jan 9, 2012 10:49am
Quoting rooicol
Here is the 1997-2004 version, .xls, How is that?
thanks very much rooicol, very good work
I hear and I forget. I see and I remember. I do and I understand.
  • #38
  • Jan 10, 2012 6:06am Jan 10, 2012 6:06am
Hi rooicol,

Well done, thanks for sharing... keep up the great work!
  • #39
  • Jan 12, 2012 5:12am Jan 12, 2012 5:12am
Thanks rooicol,

As it turns out you have been doing the same what we are busy with the last couple of weeks.

We think to have finally found a working strategy on EURCHF which requires two things: No slip on pending orders and 0 pips for min stop loss.

I can confirm that VantageFX.co.uk does not slip on pending orders for live accounts, as this info is missing in your sheet.

Can someone help about this at ATC brokers, as ATC seem to be the only broker who seem to fill our requirements so far?
  • #40
  • Jan 12, 2012 5:25am Jan 12, 2012 5:25am
Quoting Igrach
Thanks rooicol,

As it turns out you have been doing the same what we are busy with the last couple of weeks.

We think to have finally found a working strategy on EURCHF which requires two things: No slip on pending orders and 0 pips for min stop loss.

I can confirm that VantageFX.co.uk does not slip on pending orders for live accounts, as this info is missing in your sheet.

Can someone help about this at ATC brokers, as ATC seem to be the only broker who seem to fill our requirements so far?
Thanks for the info
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