4 digit ECN or Low Spread Broker! | Forex Factory

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4 digit ECN or Low Spread Broker!

  • #1
  • First Post: Jan 3, 2013 6:13am Jan 3, 2013 6:13am
Hi, i am looking for a low spread broker with 4 digits ONLY.. i am not interested in 5 digits at the moment. By Low Spread i Mean EUR/USD no more than 1 pip spread. Usually ECNs have that but i am strictly seeking 4 digit broker.. If you can point in right direction, will appreciate. thx.
  • #2
  • Jan 3, 2013 6:19am Jan 3, 2013 6:19am
Futures on the CME is the only one i know, even EBS is on half pips on most pairs nowadays. But low spread ecn and full pip pricing is mutually exclusive anyways. 1 pip is not a low spread in eur/usd anymore (on ecns).
  • #3
  • Jan 3, 2013 6:52am Jan 3, 2013 6:52am
thx for the reply. Yes i understand ECN is usually 5 digits. hmmm Any broker out there with 4 digits and spread just 1 pip. I heard Admiral Markets is but doesn't accept US/Canadian customers i understand US but why canada discriminated NOW? pisses me off.
  • #4
  • May 11, 2013 2:53am May 11, 2013 2:53am
fxpro`s ecn ctrader,
eurusd,gbpusd,audusd,usdchf,usdcad,nzdusd : 5digits.
the rest 4 digits.
usdjpy,eurjpy,gbpjpy:3 digits.
audjpy,nzdjpy,cadjpy,chfjpy....:2 digits.

Quoting GoodBoy
Hi, i am looking for a low spread broker with 4 digits ONLY.. i am not interested in 5 digits at the moment. By Low Spread i Mean EUR/USD no more than 1 pip spread. Usually ECNs have that but i am strictly seeking 4 digit broker.. If you can point in right direction, will appreciate. thx.
  • #5
  • May 15, 2013 1:31am May 15, 2013 1:31am
FX Pro before ECN was a bucket shop, why would you give them your money, I don't know.
"Everyone gets what they want out of the market." -- Ed Seykota
  • #6
  • May 15, 2013 5:18am May 15, 2013 5:18am
You`re right.
FxPro was a bucket shop.
but I havn`t any proof.
Do you have any proof?

Quoting V4X
FX Pro before ECN was a bucket shop, why would you give them your money, I don't know.
  • #7
  • May 15, 2013 5:57am May 15, 2013 5:57am
Quoting entheos
You`re right. FxPro was a bucket shop. but I havn`t any proof. Do you have any proof? {quote}
I used to trade with them when I was a stupid noob.

> FxPro was established in 2006 in Cyprus

That should be all the proof you ever need.
"Everyone gets what they want out of the market." -- Ed Seykota
  • #8
  • May 15, 2013 8:32am May 15, 2013 8:32am
You`re right.
me too.
I used to trade with them when i was a stupid noob.
russian scam broker.
Quoting V4X
{quote} I used to trade with them when I was a stupid noob. > FxPro was established in 2006 in Cyprus That should be all the proof you ever need.
  • #9
  • May 15, 2013 1:06pm May 15, 2013 1:06pm
Got to ask, why only 4 digits? Wouldn't it make more sense to go with 5 digit quotes as opposed to 4?
  • #10
  • May 19, 2013 4:57am May 19, 2013 4:57am
Anyone know about 5 digit fix spread broker?
  • #11
  • Jul 5, 2013 2:19am Jul 5, 2013 2:19am
Quoting GoodBoy
Hi, i am looking for a low spread broker with 4 digits ONLY.. i am not interested in 5 digits at the moment. By Low Spread i Mean EUR/USD no more than 1 pip spread. Usually ECNs have that but i am strictly seeking 4 digit broker.. If you can point in right direction, will appreciate. thx.

There is no such thing as an ECN. STP, DMA 4 digit broker, only market makers my man!
  • #12
  • Jul 5, 2013 5:44am Jul 5, 2013 5:44am
People are still trading on 4 digits?! How weird.
  • #13
  • Jul 6, 2013 5:42am Jul 6, 2013 5:42am
did a quick search for u and found https://www.forexfs.com/

they are not ECN, instead they are DMA/STP. Very similar, in fact i dont know the difference!
  • #14
  • Last Post: Jan 3, 2014 2:00pm Jan 3, 2014 2:00pm
Quoting midnight
did a quick search for u and found https://www.forexfs.com/ they are not ECN, instead they are DMA/STP. Very similar, in fact i dont know the difference!

Sorry, but I can see on their FAQ page:
Quote
27. Are you a 4 digit or 5 digit broker?
5 digit.
http://www.forexfs.com/pages/about-f..._ECN__NDD__DD_
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