Broker with Tight Minimum Limit Order Distance Requirement | Forex Factory

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Broker with Tight Minimum Limit Order Distance Requirement

  • #1
  • First Post: Jul 17, 2014 1:53am Jul 17, 2014 1:53am
Can someone recommend an MT4 Broker with a fast feed and a small minimum Stop and Limit order requirement? Preferably as close to current price as possible.

Thanks
  • #2
  • Jul 17, 2014 3:18am Jul 17, 2014 3:18am
Quoting Luther
Can someone recommend an MT4 Broker with a fast feed and a small minimum Stop and Limit order requirement? Preferably as close to current price as possible. Thanks
All true ecn brokers allow to place limit order in spread.. Ic markets, armada. .
Also new feature of mt4 allow you to place limit orders via depth of market
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  • #3
  • Jul 17, 2014 4:40am Jul 17, 2014 4:40am
Quoting Naokia980
{quote} All true ecn brokers allow to place limit order in spread.. Ic markets, armada. . Also new feature of mt4 allow you to place limit orders via depth of market {image}
Thanks.

I don't normally use MT4 brokers so don't know much about them.

If IC Markets is a true ECN that sounds perfect.
  • #4
  • Jul 17, 2014 9:04am Jul 17, 2014 9:04am
Quoting Luther
Can someone recommend an MT4 Broker with a fast feed and a small minimum Stop and Limit order requirement? Preferably as close to current price as possible. Thanks
Hi Luther,

FXCM also has no minimum stop/limit distance to the current market price. Feel free to visit our thread if you have any questions http://www.forexfactory.com/showthread.php?t=8960

Jason
  • #5
  • Jul 17, 2014 10:01am Jul 17, 2014 10:01am
Quoting Jason Rogers
{quote} Hi Luther, FXCM also has no minimum stop/limit distance to the current market price. Feel free to visit our thread if you have any questions http://www.forexfactory.com/showthread.php?t=8960 Jason
Hi Jason,

Thanks for your reply.

I'm trading out of Asia and for what I'm structuring need fast through processing and higher leverage than what's available in the states. If FXCM has different leverage offerings in other markets and a non-dealing desk option, I'd be interested in hearing more.
  • #6
  • Jul 17, 2014 11:36am Jul 17, 2014 11:36am
Quoting Luther
Can someone recommend an MT4 Broker with a fast feed and a small minimum Stop and Limit order requirement? Preferably as close to current price as possible. Thanks
i recommend LMAX .
  • #7
  • Jul 18, 2014 8:49am Jul 18, 2014 8:49am
Quoting Luther
{quote} Hi Jason, Thanks for your reply. I'm trading out of Asia and for what I'm structuring need fast through processing and higher leverage than what's available in the states. If FXCM has different leverage offerings in other markets and a non-dealing desk option, I'd be interested in hearing more.
If you reside outside the US, you can open through FXCM UK which offers up to 200:1 leverage (0.5% margin) on No Dealing Desk forex trading accounts. Here's where you can find a list of margin requirements for all currency pairs for each account denomination http://www.fxcm.com/uk/markets/forex...-requirements/ .

Requisite disclaimer: deposited capital is at risk when trading in a live account.
  • #8
  • Jul 19, 2014 11:15pm Jul 19, 2014 11:15pm
Quoting Luther
Can someone recommend an MT4 Broker with a fast feed and a small minimum Stop and Limit order requirement? Preferably as close to current price as possible. Thanks
Your question is not complete because brokers have different stop/limit order distance with running price for each currency pair.
But I think it's safe to assume that you're asking about EUR/USD.
I only have experience with several brokers (Alpari UK, Alpari Ru, Octafx, Exness, Instaforex) and among them I found out that exness has the least minimum distance (1.2 pips on EUR/USD, 1.7 pips on USD/JPY and GBP/USD).

However, if you really are that concern about minimum distance why don't you just use ECN type account? Very low spread, only pay commission, no distance at all.

Quoting Naokia980
{quote} All true ecn brokers allow to place limit order in spread.. Ic markets, armada. . Also new feature of mt4 allow you to place limit orders via depth of market {image}
I think you meant every "ECN type account" because these days brokers offers both their standard account and ECN account.
Now if we talk about ECN type account then people can browse through lots of broker.
Different/opposing ideas will make us learn and understand many things.
  • #9
  • Last Post: Jul 20, 2014 10:40pm Jul 20, 2014 10:40pm
Quoting Don_xyZ
{quote} Your question is not complete because brokers have different stop/limit order distance with running price for each currency pair. But I think it's safe to assume that you're asking about EUR/USD. I only have experience with several brokers (Alpari UK, Alpari Ru, Octafx, Exness, Instaforex) and among them I found out that exness has the least minimum distance (1.2 pips on EUR/USD, 1.7 pips on USD/JPY and GBP/USD). However, if you really are that concern about minimum distance why don't you just use ECN type account? Very low spread, only...
Spread and latency information is available online for MT4 brokers, comparative limit order distance isn't, which is why I asked.

Anyway, thanks. I found what I needed.
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