Broker with more order types

hello guys,

at the moment I have an account with Interactive Brokers and they have more than 40 order types.

one I need is like this: if price goes down to 1.5000, buy @ 1.5050

I think that rules out all the MT4 brokers.

I can do it at IB, but I find their leverage too low.

I am not an US citizen, so can somebody point me to a broker with order types like the above with higher leverage?

thank you for your help

What you should do is using a high leverage MT4 Broker.

You can easily do this with a MT4 Expert Advisor EA.

The only downside of this is that the MT4 platform has to be always running as long as the strategy is in place. You can't just enter in the order in MT4 and then shut down the platform afterwards as you can with IB.

thank you trader121......... I prefer not to use an EA.

anybody know of an other broker?

We should be careful when a select a forex broker

Hi, all viewers,

Is there anyone here who had account with FXCM and in UK location even though the person is from Canada, and resides in Canada? Recently they closed and shifted all those accounts to Canadian location, and under Canadian regulation, the margin requirement is horrible. This happened to me. I am really thinking to change to another broker who is not under Canadian Regulation. Any suggestion from anyone is appreciated.

Hi D4pips,

Just to clarify, there are new regulations in Canada that now prohibit anyone except for brokers regulated in Canada from offering trading services to Canadian residents. Since FXCM is not regulated in Canada, we can no longer continue to offer you trading services directly. However, Friedberg Direct (www.fxcm.ca) is regulated in Canada and offers trading services to Canadian residents on FXCM's platform. While the initial margin level in Canada is higher than you were used to with FXCM UK, the liquidation margin level is actually lower. This video explains it in more detail: www.brainshark.com/fxcm/FDintro

Another advantage of having your account with a Canadian firm like Friedberg is that your funds are protected by the Canadian Investor Protection Fund for up to $1 million.

Jason