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I was thinking in opening an account with WHC, but they don't answer my e-mails, and the platform (demo) is getting down frequently. I'm chosing between:
1- MIG, although they have discconections too (specially between news), but they have the second lowest spreads, and they don't widenen them, but if you are a scalper they may widen the spreads, and/or they charge a commision, according with how agressive the scalper is (that information is on thier web page). ARIF regulated. 2.5 average spread in 10 pairs.
2- ATC brokers, with a little wider spreads than MIG, but they are regulated by NFA, and there is no complaints against them. 3.2 average spread in 10 pairs.
3- Profinancegroup (pfgfx), I heard good concepts about them, but I didn't find if they are regulated, and 4.2 average spread in 10 pairs.
4- Crown forex, 2.1 average spread in 10 pairs (the lowest), but they widen to 3 if you are a scalper, and I've heard that in live account the widen the spreads up to 5 pips, even if you are in a slow market, and they have spikes.
5- Alpari, but I don`t like large spikes and widenen spreads, same as royal forex and forex liquidity, furthermore Royal has too little capital, according to FCM report; and forex liquidity has a NFA compliance (too bad, 2.8 average spread in 10 pairs).
I have only tested demo accounts.
I'll appreciate if there are some comments about them, or other options, because I'm going to open a live account next month. I prefer regulated brokers, low spreads, and scalping allowed. I'll prefer MT4 too, because there are more resources to share with other traders, until i have enough experience.
Hello everyone. Sorry if this is off topic, but I couldn't find a "General Brokers" category so I thought this would be fitting. After a lot of digging and searching around I think I've found a good trading technique (scalping). But I hear that brokers don't like this, and try to manipulate the data against those kind of techniques. I was wondering if anybody had personal experience of using a scalping systeam (EA or no EA) with a broker that doesn't do this. It sounds unlikely, but if I can get that then it can be very profitable. Basically, what I want is someone who has personal experience with a broker that doesn't try to dupe scalpers. Whether it be an MT4 broker, or not. Thanks in advance!
Sincerely,
Bonzaii
Edit: I would prefer a broker that uses a No Dealing Desk (from my research, the most likely to be profitable with a scalping system) that allows trades in mini lots. Leverage doesn't matter too much. Obviously, a low spread would be nice.
Last edited by Bonzaii; 04-02-2008 at 05:00 PM.
Reason: Forgot to specify
the best brokers
The "Holy Broker"?
Linear Mode
