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Best Broker to run EAs


Guest indoshare

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Please, in this day and age, let's stop with ForexPeaceArmy reviews and quotes. OK? They are not an authority on anything.

And I find it funny when I see people who openly trash FXCM while hugging ATC. I find FinFX much better. Their use of Integral is the best. I for one don't want to have to rely on FXCM price feeds like ATC and many other IB brokers are doing.

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Hi thamira83 and taipan,

 

Could u please tell me which type of spreads is better on Fxprimus? Fixed spreads or ECN Variable one? I plan to open an account with them, and do not know which one I should select?

 

I heard that they will charge about usd10 / lot commission on ECN Spreads. If so, compared with fixed spreads, which option is better ? Any requotes and/or slippage on Fixed spreads or ECN Variable?

 

Thanks for your information

Jennifer

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I have both fixed spread and ECN brokers. ECN, although charging a commission, gets better fills - entry and exit. Don't try to save commissions. Watching a fixed spread broker missing a good trade is agonizing. Also, consider large brokers that are unlikely to go bankrupt and you have no problem with withdraws. Check out www.cashbackforex.com. They are the introducing broker for a lot of large firms and you get portions of the commissions back in cash. Go to www.forexpeacearmy.com for broker reviews.
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  • 3 weeks later...

Is it Okay if we will maintain accounts on different brokers? I am worried that if i will try it, I may get confused. Can anyone share what is the best thing that we should do if this is the case?

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From my experience bad brokers are Active Trades UK, Think Forex and Varengold (Dubai). I heard bad things also about Alpari US/UK.

Brokers good to me are Hot Forex and FX Primus. FXDD Malta was not bad but don't use offshore brokers, they cheat more.

Important thing for choosing broker is service like micro, mini accounts for testing EAs or manual systems and low spread.

Only forwards testings on live accounts (micro, mini) are legitimate! Back testings are delusion.

Hermes

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Hi thamira83 and taipan,

 

Could u please tell me which type of spreads is better on Fxprimus? Fixed spreads or ECN Variable one? I plan to open an account with them, and do not know which one I should select?

 

I heard that they will charge about usd10 / lot commission on ECN Spreads. If so, compared with fixed spreads, which option is better ? Any requotes and/or slippage on Fixed spreads or ECN Variable?

 

Thanks for your information

Jennifer

 

Don't use fxprimus fixed spread, use fxprimus ecn (charge usd10/lot) because they do use some software to deter you from winning ( like requotes, invalid prices/parameters). Fore ecn account, they are ok and don't use plugin. Withdrawal also prompt too.

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More on Alpari

 

I would just like to throw my 2 pence worth in on this as Alpari has come up many times and re-quotes mentioned.

If you are using signal copiers or auto trading it is a nightmare. I used Alpari UK mainly for manual trading and Asian session scalpers, around market moving news events the re-quotes make Alpari UK virtually unusable.

FXCM UK should NEVER be used for scalpers as the sky high spreads mean most trades will never trigger.

I also use AAAFX for Zulutrade which is only ok for Zulutrade and less than average for everything else.

I Also use IAMFX which uses commission over spreads, however if you trade too few lots a month you get charged $35 for the "free" VPS and it really is NOT worth paying for at all as the resources (memory mainly) are too low and you get a much better Metatrader VPS for less. If you do have you own already you can just alter your services and remove the VPS yourself online.

 

Oh yeah...what is WSF? I don't know either, do you mean Wall Street Forex Robot? Bear in mind there are thousands of robots of these days and apart from MD and very few others most haven't earned a recognisable abbreviation.

Edited by pipspot
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My choice is OANDA (for broker) and ECNs like MB Trading (US based so no hedging), ATC Brokers and Dukascopy through fairtrading. Alpari UK has also Pro side but MT has ridiculous 3 lot minimum and 20k min deposit. min. lot size can be talked down to 0.1 lots, Pro side has clean feed and should not get any re-quotes since you get liqudity provider feed with commission!

 

I prefer to pay commission and get clean unpadded feed instead of playing around with brokers or NDDs. When ever there is any intermediary interference you are not trading the 'real' spot otc fx market but market created for you by the intermediary. Thus problems will follow and there is room for manipulation, re-quotes etc.

Edited by LuckyLuke2011
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  • 4 weeks later...
My recent experience is that HotForex is the best. Starting GMT 21 on Sunday, their spread is already tight. Forget about Alpari UK. They don't start until GMT 22 while everyone else has started one hour earlier. Often the best trade happens between GMT 21 - 22. Forget about ATCBrokers (FXCM data). The spread is just no where near HotForex's during that hour. Other times, OK.
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