I am trying to decide which of these three brokers to open a mini account, funded with $5000. I plan to run an Expert Advisor continuously around the clock. It runs on the H1 chart, takes trades lasting from a few hours to several days. Leverage can be 100:1 or higher. I am interested in reading about the experiences of any traders currently using any one of these three brokers. Comparisons of the three, based on experience, are especially welcome.

Issues of importance to me are spreads, speed and reliability of trade execution, slippage, requotes, honoring of stop loss, take profit, and limit orders, running of stops, customer service, and safety of funds.

Informative posts will be appreciated.

send me you expert advisor and let me take a look at it.

Any answer you may give to my question about brokers depends on the specifics of the EA I plan to trade? Sorry, but having spent hundreds of programmer hours developing it, I am not inclined to give it away. It takes long-term trades based on price action, so it's not a scalping strategy.

IS the EA a proven EA?

If so, you should share it so we all can benefit from it!!!

Thats what this message board is all about is for us all the win at this game....

thanks

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Forex traders MOTO:

"We obey no one, ........we are the superior-beings!" - Davros

I am willing to share my money machine only with those who developed indicators that the ea uses. But if i do that the ea will mostly likely spread all other the web.
Even though logic suggests that more people jump on a trade the more chances that price go the direction we need I am not giving away my money machine. Majority only trade on demo accounts or micro lots or on championships anyway.

Steve to answer your question:

From what i have heard Velocity 4x is the way to go when opening up an account, the trade execution is great, and i haven't heard of any SERIOUS problems. I am currently using FXDD, but wouldn't go live with them, because of the spread widenings during news hours. Hope this helps man

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Cheers,

B

Thanks, YupYup. I'm inclined towards Velocity4x mainly because they are based right inside the Chicago Board of Trade building, and the culture of Chicago trading is well established as strictly business and professional. I wrote a letter via email to Velocity4x's CEO, and if the answer I get inspires confidence, I will open an account with them. Then I'll post here what I think of Velocity4x as a broker. They will have to measure up to the standards I experienced with Oanda.

Somebody here http://www.forex-tsd.com/metatrader-...r-brokers.html claimed that velocity4x is a devision of Hamilton Williams LLC and provided picture for October from somewhere(?) that Hamilton has negative balance, less than required by regulated organization.
I heard that velocity is good though.

Last i checked (couple weeks ago) They are a division of Hamilton Williams LLC, also they have a postive balance with at least the required amount, i think they were $500,000 over, not sure its on the NFA website... i think

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Cheers,

B

Please keep me up to date on the service, and the response to your letter, i am very interested in getting to know more about them.

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Cheers,

B