[yiman]

nordmarkets if u want ti use metatrader and they dont charge spread,instaed you pay commission.they are ECN

[Blaiserboy]

I use oanda and a couple Metatrader demos......


oanda seems to treat me fairly well and I like to have the added resources of the Metatrader demos, particularly as they provide prices on many different instruments.

[thalestrader]

Originally Posted by VTK »

That just fortifies mine attitude that great majority of spot fx brokers are just a bunch of bandits!

My daughter trades a little micro account at fxcm. I haven't seen anything that would imply that they are "bandits."

[PeterFM]

Originally Posted by VTK »

Hey folks!

I am about to go live and mine two favorite spot FX brokers are mb trading and interactive brokers.Whit MBT i can not open account because i am citizen of Rebublic of Croatia
IB have minimum deposit of 10K,but i want to start small like 500$.
So the deal is,for now,i have to open account with MM type of broker.

Can anyone point me on decent broker?

One without often requotes,often slippage,slow order filling,weird spikes and all other bad stuff which i do not like..

Regards,
VTK

You might want to look at alpari. Standard retail FX broker with MT4. As good/bad as any of these types of brokers but I have been with them (in the UK) for some time and have no complaints.

I don't scalp (my minimum timeframe is 1-hr for entries) but typically hold trades for days. As mentioned earlier Buy/Sell limit orders are preferable as my main trade entry method but as I never enter trades around major news releases the normal spread-widening that is typical of the FX market at these times is not a problem for me.

I would suggest that you apply for a demo and do your own due diligence. A quick email would confirm if your residential status is a problem but as they were originally a Russian setup I'll assume you'll have no problems

[ianf0ster]

Hi,
VTK specifically said he wanted a fixed spread 'bandit/broker'. Certainly oanda, alpari and many others mentioned in the thread are variable spread - not fixed.
The only reasons I can think of as to why he wants fixed spread are:
A). He is planning to use a robot overnight and so does not want the spread to increase when he is not watching.
B). He wants to trade the News and so wants to avoid increasing spread during announcements.
C). He plans to scalp and wants a constant spread.

I would say:
A). Only use a robot which first checks if the spread is acceptable.
B). I doubt if any retail brokers are still good for trading News announcements - if they were, then they would have gone bust many months ago.
C). For scalping you asnt the lowest possible spread, not necessarily a fixed one. Unfortunately most/all(?) ECNs require a much larger deposit than $500.

Ian