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MT5 brokers with zero spreads

  • #1
  • First Post: Jul 12, 2016 8:42am Jul 12, 2016 8:42am
hello

I'm looking for a broker that allows tight spreads (like 1 pip) or even better (ZERO) on MT5

thanks
  • #2
  • Jul 12, 2016 8:45am Jul 12, 2016 8:45am
http://www.myfxbook.com/forex-broker-spreads
Learn, a forex trader must, unlearn and relearn he will.
  • #3
  • Jul 12, 2016 9:06pm Jul 12, 2016 9:06pm
Interested to know what your allure to MT5 is ionone?

We recently stopped offering MT5 because simply nobody (and I mean nobody) used it! We've found that the fact it isn't compatible with MT4 indicators or code is the biggest roadblock to our clients making the switch.

If MetaQuotes are serious about a next generation MT4 platform, they just have to make it backwards compatible. Simple as that.
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #4
  • Jul 13, 2016 2:13am Jul 13, 2016 2:13am
i LOVE MT5 !! Of course it's not compatible with MT4 and i agree that the nextgen should be compatible with older versions but man the strategy tester is so good!
1) the graphic is time based, not order based.
2) the equity is shown (opened orders are shown) making it much more accurate to live trading
3) the "delay" option, that simulates slippage & requotes
4) 100% tick accuracy by default
5) "live real tick" testing option, for testing ona specific broker the real ticks !

but it's not perfect :
1) you cannnot see the transactions before the end of the test
2) SL and TP are not shown for some reason uless you open the results in a browser.

with these parameters in mind i've discarded a lot of EAs but i've also found some gems!

Only problem : to find good broker with MT5, and there is less EAs available of course...

jeff
  • #5
  • Jul 13, 2016 3:11am Jul 13, 2016 3:11am
My broker offered mt5 platform, I tried but it's really uncomfortable. It differs a lot from mt4, I understand that it need time to accustom to it, but I trew away this idea and return to mt4. It's closer to me. mb they will change smth in mt5 and I will try it later, but now no..
  • #6
  • Jul 13, 2016 11:47am Jul 13, 2016 11:47am
Quoting Vantage FX
Interested to know what your allure to MT5 is ionone? We recently stopped offering MT5 because simply nobody (and I mean nobody) used it! We've found that the fact it isn't compatible with MT4 indicators or code is the biggest roadblock to our clients making the switch. If MetaQuotes are serious about a next generation MT4 platform, they just have to make it backwards compatible. Simple as that.
  • #7
  • Jul 14, 2016 3:36am Jul 14, 2016 3:36am
Quoting COGSx86
http://www.myfxbook.com/forex-broker-spreads
not MT5
  • #8
  • Jul 15, 2016 11:37am Jul 15, 2016 11:37am
Quoting ionone
{quote}i LOVE MT5 !!
yeah the tester is great.

https://www.activtrades.com/index.as...ms_metatrader5
(FCA regulated, <1p on EUR/USD, no commissions, a market maker but i have good experience with them)
MarginTrader All Time Return: na
  • #9
  • Jul 15, 2016 12:24pm Jul 15, 2016 12:24pm
look if you like mt5 because you can test tick then ok cool. Are you aware you can do the same thing with mt4 ? And have many more regulated brokers with low spreads to choice from ?

Sources for mt4 tick data -

http://eareview.net/tick-data
https://tickstory.com

Mt5 spread comparison:

https://www.100forexbrokers.com/

Also another aspect of your learning how to trade you should really learn about Google. Google provides information by essentially only typing in what it is your looking for. You will then get millions of hits! Try mt5 spreads or mt5 brokers.n
Learn, a forex trader must, unlearn and relearn he will.
  • #10
  • Jul 15, 2016 7:49pm Jul 15, 2016 7:49pm
In all fairness, i don't think Mt5 is really that good, but obviously your choice. I think you better be with broker that got some spread, if you go with zero spread type then it won't matter since you will anyway be paying commission.
  • #11
  • Jul 15, 2016 10:54pm Jul 15, 2016 10:54pm
Quoting Fedricks
In all fairness, i don't think Mt5 is really that good, but obviously your choice. I think you better be with broker that got some spread, if you go with zero spread type then it won't matter since you will anyway be paying commission.
We've been having this discussion over in the 'is there a broker without any spread, just commission' thread which you can check out.

Essentially what we're talking about is that any broker offering 'zero spreads' or 'only commissions', cannot be an ECN broker and you should be aware of this fact. While an ECN broker can offer zero spreads if their aggregated prices from liquidity providers see the right circumstances line up at the time, it cannot be guaranteed like some promise.
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #12
  • Jul 16, 2016 2:02am Jul 16, 2016 2:02am
Quoting COGSx86
Mt5 spread comparison: https://www.100forexbrokers.com/ n
thank you that's exactly what i needed!
  • #13
  • Jul 18, 2016 4:20am Jul 18, 2016 4:20am
Quoting Vantage FX
We recently stopped offering MT5 because simply nobody (and I mean nobody) used it!
As far as I can see, brokers offer MT5 only under less favorable terms compared to MT4.
Then it is clear that demand is lower.
But that is the fault of brokers. Perhaps try with better conditions

Advantages of MT5 not mentioned before:
netting;
better event control / more event driven;
chart object;
order book;
asynchronous order transmission.

Advantages of MT4:
None (10+ years fx stone age technology).
Return To Disorder
  • #14
  • Jul 18, 2016 8:00pm Jul 18, 2016 8:00pm
Dear Rockit, I need your help on your EA on other thread. Kindly check your PM box, thanks so much. Regards, Chin

Quoting rockit
{quote} As far as I can see, brokers offer MT5 only under less favorable terms compared to MT4. Then it is clear that demand is lower. But that is the fault of brokers. Perhaps try with better conditions Advantages of MT5 not mentioned before: netting; better event control / more event driven; chart object; order book; asynchronous order transmission. Advantages of MT4: None (10+ years fx stone age technology).
  • #15
  • Jul 21, 2016 3:36am Jul 21, 2016 3:36am
Not too many brokers offer MT5 so zero spread could be rarer. Why not MT4?
  • #16
  • Last Post: Jul 22, 2016 2:36am Jul 22, 2016 2:36am
Quoting hoangforex
Not too many brokers offer MT5 so zero spread could be rarer. Why not MT4?
- i'm building a multipair EA , and MT5 can backtest multicurrencies
-The tester is 100x times better than MT4's (see http://www.forexfactory.com/showthre...20#post9026820)

Jeff
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