Brokers offering Spread Betting on MT4 | Forex Factory

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Brokers offering Spread Betting on MT4

  • #1
  • First Post: Jan 20, 2015 2:05pm Jan 20, 2015 2:05pm
Hello all,

After the recent demise of Alpari, I'm looking for a new broker who offers spread betting on MT4.

So far, I am trialing FXCM. However, given the current circumstances I'm somewhat loathed to deposit funds with them.

Does anybody know of any other brokers offering spread betting through MT4?

Many thanks in advance.
  • #2
  • Jan 20, 2015 6:54pm Jan 20, 2015 6:54pm
These do. Be sure to read through their websites and compare features. Not all brokers are created equal.

GKFX
InterTraderDirect
FXCM UK
IG UK
ActivTrades
ETXCapital
AVATrade
IronFX UK
  • #3
  • Jan 21, 2015 2:05am Jan 21, 2015 2:05am
Quoting maxvre
These do. Be sure to read through their websites and compare features. Not all brokers are created equal. GKFX InterTraderDirect FXCM UK IG UK ActivTrades ETXCapital AVATrade IronFX UK
Thanks for the list, very useful.

Is there anyone that has any personal experience with these brokers who would like to share?

I'm also interested in finding spreadbet brokers that offer negative balance protection or GSLO - for obvious reasons!
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #4
  • Jan 21, 2015 2:19am Jan 21, 2015 2:19am
Quoting maxvre
These do. Be sure to read through their websites and compare features. Not all brokers are created equal. GKFX InterTraderDirect FXCM UK IG UK ActivTrades ETXCapital AVATrade IronFX UK
Excellent - thank you very much for the list.
  • #5
  • Jan 21, 2015 3:05am Jan 21, 2015 3:05am
Quoting Berserker
{quote} Thanks for the list, very useful. Is there anyone that has any personal experience with these brokers who would like to share? I'm also interested in finding spreadbet brokers that offer negative balance protection or GSLO - for obvious reasons!
I know Activtrades does according to their FAQ
http://www.activtrades.co.uk/index.a...e=faq#negative

Its also mentioned on the "benefits" section of their website.

Ironfx UK have a funds safety page that states the following:

http://www.ironfx.co.uk/en/trading-a...afety-of-funds

Risk Management
IronFX through its award-winning trading platforms provides an automated risk management system that ensures that our clients' account balances will never go negative.

I haven't checked the others.
  • #6
  • Jan 21, 2015 3:27am Jan 21, 2015 3:27am
Quoting maxvre
{quote} I know Activtrades does according to their FAQ http://www.activtrades.co.uk/index.a...e=faq#negative Its also mentioned on the "benefits" section of their website. Ironfx UK have a funds safety page that states the following: http://www.ironfx.co.uk/en/trading-a...afety-of-funds Risk Management IronFX through its award-winning trading platforms provides an automated risk management system that ensures that our clients' account balances will never go negative. I haven't checked the others.
Thanks maxvre.

I've just had a good chat with a rep at ActivTrades, and was quite happy with what I heard. There was a bit of confusion as to whether they are STP or MM as it's not really mentioned on the site, but they did assure me they do not take the other side of trades or interfere with prices they get quoted from their LPs.

The rep confirmed the Negative Balance Protection and told me they faired pretty well in the Swiss affair as they had lowered the leverage on all CHF pairs to 1:12.5 after the Gold vote last year. So they didn't take any huge losses, which all seems quite sensible policy.

I'll see how it goes with their demo account whilst I wait for my funds to be returned from Alpari/get some new funds together!
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #7
  • Jan 21, 2015 3:59am Jan 21, 2015 3:59am
Thank you very much for the extra information.
  • #8
  • Jan 21, 2015 4:24am Jan 21, 2015 4:24am
Quoting maxvre
These do. Be sure to read through their websites and compare features. Not all brokers are created equal. GKFX InterTraderDirect FXCM UK IG UK ActivTrades ETXCapital AVATrade IronFX UK
Where have activtrades been hiding? A NDD UK spreadbetting company that uses mt4 or mt5? They seem perfect...
  • #9
  • Jan 21, 2015 7:27am Jan 21, 2015 7:27am
I had a read through AVA Trade's Terms and Conditions document.

http://www.avatrade.com/trading-plat...tal.ashx?87707

Section 14 - Liquidation of Accounts and Payment of Deficit Balances

14.7 If the amount in Customer's trading account is less than zero, Customer shall promptly notify
AvaTrade and AvaTrade shall nullify the account.

14.9 Customer shall at all times be liable for the payment of any deficit balance of Customer upon
demand by AvaTrade and in all cases, Customer shall be liable for any deficiency remaining in
Customer’s account(s) in the event of the liquidation thereof in whole or in part by AvaTrade or
by Customer.
  • #10
  • Jan 21, 2015 8:18am Jan 21, 2015 8:18am
Quoting hg2014
{quote} Where have activtrades been hiding? A NDD UK spreadbetting company that uses mt4 or mt5? They seem perfect...
... and negative balance protection. I'm wondering what the catch is!
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #11
  • Jan 21, 2015 9:16am Jan 21, 2015 9:16am
I've been comparing the brokers I mentioned previously. See attached spreadsheet.
Attached File(s)
File Type: xlsx broker comparison.xlsx   10 KB | 654 downloads
  • #12
  • Jan 21, 2015 10:13am Jan 21, 2015 10:13am
Just got this via email...

Dear client,
Following the recent shock to the market, led by the decision of the SNB to remove its EUR/CHF floor, we would like to reassure our clients that IronFX is unaffected and is continuing its business as usual.
We are pleased to inform you that we fully covered all negative balances arisen from the recent SNB event and will continue offering negative balance protection.
Client fund protection is a core pillar of our operations, and we are working round the clock to maintain the highest possible levels of fund security and regulatory compliance, despite any turbulent market movements.
Traders with IronFX can be assured that their assets are protected.
We look forward to continuing offering you the very best trading environment that the forex industry can offer.
IronFX Global wishes you Solid Trading!
Kind Regards,
IronFX
The Global Leader in Online Trading
  • #13
  • Jan 22, 2015 3:26am Jan 22, 2015 3:26am
Quoting maxvre
Just got this via email... Dear client, Following the recent shock to the market, led by the decision of the SNB to remove its EUR/CHF floor, we would like to reassure our clients that IronFX is unaffected and is continuing its business as usual. We are pleased to inform you that we fully covered all negative balances arisen from the recent SNB event and will continue offering negative balance protection. Client fund protection is a core pillar of our operations, and we are working round the clock to maintain the highest possible levels of fund...
I've seen a lot of bad reviews of IronFX though. Here's one from the Forex Peace Army - http://www.forexpeacearmy.com/public...www.ironfx.com
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #14
  • Jan 22, 2015 3:28am Jan 22, 2015 3:28am
Quoting maxvre
I've been comparing the brokers I mentioned previously. See attached spreadsheet. {file}
That's great! Thanks
We are what we repeatedly do. Excellence, then, is not an act, but a habit
  • #15
  • Last Post: Jan 22, 2015 11:19am Jan 22, 2015 11:19am
Quoting Berserker
{quote} ... and negative balance protection. I'm wondering what the catch is!
Me too! Giving them a whirl on demo and if that goes to plan will make a modest deposit to try them out.
Thanks for the spreadsheet too, maxvre
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