good fx broker?

Hi,

Can someone suggest a good FX broker?
My criterias:

1. no slippage
2. small spreads on majors
3. ability to put trailing entry orders, OCO, If/Then etc.
4. per lot limit/stop loss orders
5. less then $1k minimum starting account size
6. easy to deposit/withdraw funds (no transaction fee for that)
7. preferably 'no-java' platform but it's low priority

I'm using forex.com now and they don't have 4.

that's it for now, may be add something later

Thanks!

Sorry, there are NO brokers that exist that will meet ALL of your criteria 100% of the time.

1) ALL brokers, ECN's included will have SOME slippage during high volatility. The rest of the 95% of the time, you'll be fine with most brokers.
2) Small spreads on the majors...what do you mean? if you're looking for comparable spreads to FOREX.com...almost ALL brokers will be able to match or beat FOREX.com
3) OCO orders are uncommon with a lot of brokers. Sorry to say...that's one of the advantages of GAIN financed IBs like FOREX.com
4) Again, this is uncommon...per lot stop loss...the only one I'm aware of aside from ECNs is FX Solutions
5) Most retail brokers will meet this criteria but fail at the rest of them...ECN's usually require slightly more to fund an account. $2000-$5000. MBT is an ECN model (no dealing desk, multiple bank sources for price discovery and normally tight variable spreads) that will allow you to open an account with $400...won't get you very far in terms of trading...but whatever.
6) MOST retail brokers won't charge you for deposits. However, most times they require wire transfers which come with a bank fee. There are a select few who allow online check transfers (no fee) or credit card transactions (usually no fee, although if it's through pay-pal, they'll charge you the pay-pal fee).
7) No java platforms...a lot of places offer MT4 or another non-java type platform. In fact, I would say a java-platform is less common than a non-java platform in this industry.

My recommendation that would meet MOST of your demands would FX Solutions...I think the only thing you'll get a ping on 3...there are no OCOs or IF/Then's...those are really uncommon...you'd be hard pressed to find brokers outside of GAIN that offer them...especially ones that will meet the rest of your criteria. The other slight ping with FX Sol would be #1...however, NO broker will be devoid of slippage 100% of the time...you will undoubtedly come across a requote with ANY broker...and if you don't think you ever would...well, sorry to say, you're in for a rude awakening.

well, I was not hoping to find 100% match broker, but the closest one.
Thanks mrmikal!

and thats a fact!

to play seriously, you need at least three brokers. if you are just starting out, its understandable that you have just one, but dont end up in the broker complaining thread when you realize there are times NOT to trade with that broker.

yeah i agree this one is uncommon. its some simple math to figure out where you stoploss should go, and you will need that skill so you might as well learn how to do it.

regarding 4. - I'm not sure if this is uncommon. I probably did not explain it correctly. In metatrader for example I can open 2 positions with 2 lots within each. What I want is to specify limit/stop loss orders individually for these two positions. In forex.com platform, they merge two positions for the same pair in the single one with average rate I can assign limit/stop order for that combined position. If I specify to only close 2 lots in the order, positions will be closed in FIFO sequence (the first created willl be closed) while I want more flexible solutions..

ACM offers OCO and if/then but I think they only allow minimum 100k lots, not even 10k lots. They have the smallest spreads also that I've seen. But of course they don't meet all your requirements.

This topic is so old, I know, but I feel I have to answer:

Man, you can set stop losses per lots in the Forex.com platform. Just make some orders that buy/sell X number of lots at Y price. You can have a 4 lots open position (2 + 2) and set 2 orders, at different prices, each to buy or sell exactly 2 lots of the same currency at different prices. As simple as that.

If you want a retail market maker and do not trade the news, use Oanda, GFT or QuesTrade. They are all very nice and I consider to be top market makers.

ECNs will slip you during any market condition. If you use an ECN, Interactive Brokers for example, use a limit order to enter an order, market orders should be reserved for exit.

Stefan,

The problem is Forex.com execute your orders on FIFO sequence. You can't bind your limit order to specific existing positions...

thanks,
denonline