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Best ECN Broker for Scalping EAs

Ra7eme
Jan 16 2012 at 09:53
12 posts
I was searching around for the best possible ECN with the best rates for my scalping EA ..

Please if you know of a good ECN broker which is safe and regulated .. which you have personally tried .. please share it with us ..

Safety and security of the broker are number 1 ofcourse ...

Thank you
www.forexproptrader.com
Jan 16 2012 at 10:58
25 posts
I agree with you on that. What country are you in?
PipGnostic
TheCyclist
Jan 16 2012 at 11:31
724 posts
Try the Australians...

Go Markets and IBFX AU comes to mind.

Go I've put hectic volumes through and never heard a word of complaint from them.
successfxsystems
Jan 16 2012 at 13:11
7 posts
I wouldn't tell that they the best
Ra7eme
Jan 16 2012 at 13:18
12 posts
I'm in Kuwait ...

Go Markets don't provide live accounts for kuwait residents ..

Forgot to mention that I require a 'no requotes' broker ....

Thnx for the answers PipGnostic
PipGnostic
TheCyclist
Jan 16 2012 at 16:08
724 posts
www.forexproptrader.com
Jan 16 2012 at 18:44
25 posts
Make sure you sign up for rebates on your trading volume wherever you decid to open.
Andie Liu (andieliu)
Jan 16 2012 at 21:54
116 posts
use fxopen ecn,finfx or pepperstone. i recomended pepperstone with razor account
Ra7eme
Jan 16 2012 at 21:56
12 posts
I have looked at over 20 ECN brokers and have come down to these ..

1. Pepperstone razor (0-0.5 pips + 0.75 pips com/lot , 1:400 lev)

2. Admiral Markets ( <1 pips + 0.4 pips com/lot , 1:100 lev)

3. Oanda (1.2 pips fixed , 1:50 lev)

4. ATC Brokers (<1 pips + 0.8pip com/lot , 1:200 lev)

NOW ofcourse I will distribute my Equity equally between the top 3 or 4 ... Cuz you can't put all your eggs in one basket.

However with your help I would like to rule out the unethical brokers, ones who have slow execution time, or that act unproffesionally.
So if you had a live account with one of these and are satisfied or dissatisfied please let us know ...

Regards,
Ra7eme
Jan 16 2012 at 21:56
12 posts
Sorry forgot to mention

5. Universal FX ( <1 pips + 0.6 pips com/lot , 1:100 lev)

Let us know what you think please EA traders? :)
Ra7eme
Jan 16 2012 at 21:56
12 posts
6. FinFX ( <1 pips + 0.7 pips com/lot , 1:200 lev)
Ra7eme
Jan 16 2012 at 22:45
12 posts
FX open and Finfx .... can't find them registered to a regulator anywhere on their site ...
SaltyWaters
Jan 16 2012 at 23:46
247 posts
SaltyWaters
Jan 17 2012 at 01:00
247 posts
Here is one more thing that can help you how to choose a broker

https://www.100forexbrokers.com/how-to-choose-forex-broker
Ra7eme
Jan 17 2012 at 10:05
12 posts
Thanks you so Much SaltyWasters ... great links ...
smithfx1
Jan 17 2012 at 15:51
37 posts
Take a look at www.fxintel.com for spread compare, unifx have very tight spreads only axitrader pro is better but it's the same like axitrader standard, the difference is 1 pips spread markups instead of 10$!! for the Pro account. A joke!

Is someone with Squared Financial and can say something about execution time? I heard pepperstone have a bad execution.
Ra7eme
Jan 17 2012 at 18:45
12 posts
You hear alot of people saying a lot of things .... I'm gonna personally try the top 4 brokers at the same time ... and see the results myself ..
phil (phil)
Jan 17 2012 at 20:23
62 posts
It seems to me the top ones are all pretty much the same. Anytime you go to a pro account with tighter spreads they charge a comm. to bring you right back to the same spread. One thing to watch for is do they charge to deposit and charge withdrawl fees.(Alpari charges this Hotforex not) That makes it expensive to move money around.
Dale C (dalecam)
Jan 18 2012 at 00:47
76 posts
Keep in mind guys/girls, that with a system with tight stops, by having a much smaller spread, but paying the difference in commission, can mean you get stopped our less, as your spread is much tighter.
So even though you may be paying the same as standard for buy and sell on ECN with commission, you may be stopped out less on an occasional trade.
phil (phil)
Jan 18 2012 at 00:49
62 posts

   dalecam posted:
   Keep in mind guys/girls, that with a system with tight stops, by having a much smaller spread, but paying the difference in commission, can mean you get stopped our less, as your spread is much tighter.
So even though you may be paying the same as standard for buy and sell on ECN with commission, you may be stopped out less on an occasional trade.

Ya great point there.
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