True ECN STP and Regulated Broker for $500 account? | Forex Factory

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True ECN STP and Regulated Broker for $500 account?

  • #1
  • First Post: Edited 9:02pm Mar 31, 2017 10:49am | Edited 9:02pm
Hello Members,
These are my requirements:

  1. True ECN & STP & NDD for scalping
  2. $500 account (If No minimum deposit is available then more good)
  3. Regulated under UK law & capital protection.
  4. Low Commission and spread
  5. MT4 & Free VPS (with monthly lots)
  6. Fund Managing Platform, PAMM service.

Hope its not too much too ask for!
I already use Roboforex, but their two different company names & changes in services bugs me. So looking for other options.

Regards

Discussion is an exchange of knowledge;argument is an exchange of ignorance
  • #2
  • Apr 1, 2017 10:42am Apr 1, 2017 10:42am
Quoting PipPirates
Hello Members, These are my requirements: True ECN & STP & NDD for scalping $500 account (If No minimum deposit is available then more good) Regulated under UK law & capital protection. Low Commission and spread MT4 & Free VPS (with monthly lots) Fund Managing Platform, PAMM service. Hope its not too much too ask for! I already use Roboforex, but their two different company names & changes in services bugs me. So looking for other options. Regards
Hi i would suggest you to take a look at tickmill , many people here have account with them, somewhere i read someone in FF had withdraw a big amount with no problems, i trade vipro but they are cysec regulated(go with FCA better). Tickmill i think the are part of armada markets not sure for that. Ah one problem is that they only support MT4. Other real ECN is dukascopy as i know and you can also take a look at the web witch brokers are partners of Lmax, they will be real ecn's.
  • #3
  • Apr 2, 2017 5:20am Apr 2, 2017 5:20am
Quoting stoxos
{quote} Hi i would suggest you to take a look at tickmill , many people here have account with them, somewhere i read someone in FF had withdraw a big amount with no problems, i trade vipro but they are cysec regulated(go with FCA better). Tickmill i think the are part of armada markets not sure for that. Ah one problem is that they only support MT4. Other real ECN is dukascopy as i know and you can also take a look at the web witch brokers are partners of Lmax, they will be real ecn's.
Hello thank you for your reply.
Well I used tickmill before , tickmill and roboforex has same spread and commissions , only thing is roboforex is regulated.
About dukascopy I heard we need to send physical document, I don't know its true or not. Plus they don't support 3rd party payment, direct bank payment which I fear our Indian bank might not allow.
For Lmax same thing.

With roboforex they have two separate body with separate regulation. Roboforex Ltd with IFSC where all rebate vps offers available. Roboforex CY ltd where only sum insurance available with FCA regulation.

I guess I need to go with FCA regulation.
Discussion is an exchange of knowledge;argument is an exchange of ignorance
  • #4
  • Apr 5, 2017 2:23pm Apr 5, 2017 2:23pm
Quoting PipPirates
{quote} Hello thank you for your reply. Well I used tickmill before , tickmill and roboforex has same spread and commissions , only thing is roboforex is regulated. About dukascopy I heard we need to send physical document, I don't know its true or not. Plus they don't support 3rd party payment, direct bank payment which I fear our Indian bank might not allow. For Lmax same thing. With roboforex they have two separate body with separate regulation. Roboforex Ltd with IFSC where all rebate vps offers available. Roboforex CY ltd where only sum insurance...

Roboforex has IFSC regulation (offshore) not sure it falls into the category of trustworthy regulations. For Tickmill it is UK FCA widely recognized reliable watchdog also I still can't find information about their compensations for non-uk traders..
  • #5
  • Apr 5, 2017 3:45pm Apr 5, 2017 3:45pm
i suggest Tickmill or XM zero account type.
  • #6
  • Apr 7, 2017 1:10am Apr 7, 2017 1:10am
Quoting PipPirates
Hello Members, These are my requirements: True ECN & STP & NDD for scalping $500 account (If No minimum deposit is available then more good) Regulated under UK law & capital protection. Low Commission and spread MT4 & Free VPS (with monthly lots) Fund Managing Platform, PAMM service. Hope its not too much too ask for!
If to use real world analogy - you would like to buy brand new Ferrari and you would like to pay no more than $10000
In forex world - there are huge number of bucketshops who actually gong to offer you Ferrari for $10000.
  • #7
  • Apr 7, 2017 1:56am Apr 7, 2017 1:56am
Quoting PipPirates
Hello Members, These are my requirements: True ECN & STP & NDD for scalping $500 account (If No minimum deposit is available then more good) Regulated under UK law & capital protection. Low Commission and spread MT4 & Free VPS (with monthly lots) Fund Managing Platform, PAMM service. Hope its not too much too ask for! I already use Roboforex, but their two different company names & changes in services bugs me. So looking for other options. Regards
For my experience 500$ is to low to open a successful trading account.

The best way is to find some broker that offer bonuses so that you integrate your money with addional resourses.

Another thing that you could do is opena Micro account.

I suggest XM.


The reason is very simple, on a standard account the minumum lot size that you can open is 0.01 but this means you will open a 1.000$ position on a 500$ account.

Does not sound a good idea..

0.01 = 1.000$
0.10 = 10.000$
1 Lot = 100.000$

As you can see you are using too much leverage in this way with only 500$ in the account

I suggest you to go for a micro account with bonus
Buy at the Low, Sell at the High You make money by waiting not by trading.
  • #8
  • Last Post: Apr 7, 2017 4:22am Apr 7, 2017 4:22am
XM has his own cards and u can use them for these puropse without care that somone can track you same problem in my area good luck.
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