Why do brokers charge extra for use of MT4 | Forex Factory

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Why do brokers charge extra for use of MT4

  • #1
  • First Post: Dec 30, 2012 12:49pm Dec 30, 2012 12:49pm
I was told that if you use an MT4 platform brokers will charge you extra, like 0.01 pip, is this true? I only noticed this with FXCM.
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #2
  • Dec 30, 2012 2:21pm Dec 30, 2012 2:21pm
Found the exact answer to your question in the following post:

http://www.forexfactory.com/showthre...18#post5332718
Financial independence is what I live for
  • #3
  • Dec 30, 2012 3:50pm Dec 30, 2012 3:50pm
Yes, found that one as well but it seems to me that it's only FXCM.
Argue for your limitations, and sure enough, they're yours. Richard Bach
  • #4
  • Dec 30, 2012 4:03pm Dec 30, 2012 4:03pm
I suspect any brokers charging extra for MT4 have similar reasoning as FXCM: MT4 supposedly adds "overhead" costs which you have to pay for...
I've tried googling but no clues turned up.
Financial independence is what I live for
  • #5
  • Last Post: Dec 31, 2012 8:02am Dec 31, 2012 8:02am
As far as I could find none of the brokers do that.

I have been with Oanda for a while and was looking into changing brokers. Again. Again, because I was looking at FXCM a while back as well because Oanda doesn't allow hedging. FXCM has a crappy demo account and now this extra charge which seems like nickeling & diming to me. Oanda's customer service sucks and FXCM is really good at that.
Argue for your limitations, and sure enough, they're yours. Richard Bach
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