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Brokers - 5 pips entry order
Apr 18, 2010 at 14:14
1,300 Views
2 Replies
Member Since Sep 21, 2009
68 posts
Apr 18, 2010 at 14:14
Hi, Can any traders direct me to a reputable, reliable broker(s) that allow market order to be as close as 5pips to the current market price?
Member Since Aug 26, 2010
1 posts
Aug 26, 2010 at 20:28
Oanda is 1 pip spread even for market order.
Member Since Jun 16, 2010
198 posts
Aug 26, 2010 at 20:35
If I understand you correctly, you want to be able to place a pending order less than 5 pips from the current Ask/Bid price?
If that's the problem any market maker should do the trick - In theory you can place a pending order between Ask and Bid-price, to see if any opposite orders will fill yours.
As for the reputation and reliability, you have to check for yourself, I've only tried FXCM-UK and they didn't offer microlots a year ago when I needed them to (you can get that now with a minimum 1000$ deposit - just e-mail their support).
Cheers
Soeren
If that's the problem any market maker should do the trick - In theory you can place a pending order between Ask and Bid-price, to see if any opposite orders will fill yours.
As for the reputation and reliability, you have to check for yourself, I've only tried FXCM-UK and they didn't offer microlots a year ago when I needed them to (you can get that now with a minimum 1000$ deposit - just e-mail their support).
Cheers
Soeren
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