Best ECN Broker for Scalping EAs

Jan 16, 2012 at 09:53
5,944 Views
22 Replies
Biedrs kopš   12 ieraksti
Jan 16, 2012 at 09:53
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
Jan 16, 2012 at 10:58
I agree with you on that. What country are you in?
TheCyclist
forex_trader_28881
Biedrs kopš   724 ieraksti
Jan 16, 2012 at 11:31
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.
Jan 16, 2012 at 13:11
I wouldn't tell that they the best
Biedrs kopš   12 ieraksti
Jan 16, 2012 at 13:18
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
TheCyclist
forex_trader_28881
Biedrs kopš   724 ieraksti
Jan 16, 2012 at 16:08
Oanda ?
Jan 16, 2012 at 18:44
Make sure you sign up for rebates on your trading volume wherever you decid to open.
Biedrs kopš   116 ieraksti
Jan 16, 2012 at 21:54
use fxopen ecn,finfx or pepperstone. i recomended pepperstone with razor account
Biedrs kopš   12 ieraksti
Jan 16, 2012 at 21:56
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,
Biedrs kopš   12 ieraksti
Jan 16, 2012 at 21:56
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? :)
Biedrs kopš   12 ieraksti
Jan 16, 2012 at 21:56
6. FinFX ( <1 pips + 0.7 pips com/lot , 1:200 lev)
Biedrs kopš   12 ieraksti
Jan 16, 2012 at 22:45
FX open and Finfx .... can't find them registered to a regulator anywhere on their site ...
Biedrs kopš   12 ieraksti
Jan 17, 2012 at 10:05
Thanks you so Much SaltyWasters ... great links ...
Biedrs kopš   37 ieraksti
Jan 17, 2012 at 15:51
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.
Biedrs kopš   12 ieraksti
Jan 17, 2012 at 18:45
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 ..
Biedrs kopš   62 ieraksti
Jan 17, 2012 at 20:23
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.
Biedrs kopš   76 ieraksti
Jan 18, 2012 at 00:47
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.
Biedrs kopš   62 ieraksti
Jan 18, 2012 at 00:49

   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.
Biedrs kopš   49 ieraksti
Feb 21, 2012 at 16:45
Try https://www.fxprimus.com They are Very good ECN Broker Fast execution, low spread!
Biedrs kopš   6 ieraksti
Nov 14, 2012 at 09:09
There are for sure many options. personally, I'd keep away from those offering ecn (allegedly) that have also dealing desk operation. It's a massive conflict of interest from their usual business activities.

For me, true stp with good liquidity or ecn is the only way. There are many many points you must consider if you scalap agressively and you must do your research properly.

Good luck
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