Best MT4 Broker

[baboon]

Hi Everyone,

I recently started to look through a lot of the commercially available Forex brokers that support MetaTrader.

My research has shown that the best brokers are:

- Alpari UK (FSA regulated)
- Dukascopy (great but you need a big account to trade with them)
- Jade Investments (STP broker, spreads are unbelieveablly low)

Has anyone traded with these brokers? Any problems?

I would be really interested to know other people's opinions.

Simon.

[1954baby]

Simon

I have been using Alpari UK and they have been fine. I have not had any problems with them.


Regards

Peter Nightingale (1954baby)

[GTforex]

Hi Simon,

I too am looking for a good Forex broker (no price spikes, reliable, etc), however curious to know if anyone knows of one in Canada/US?

I was told that MBT trading is good. Anyone with further thoughts/comments?

[Philip]

Marc, you mentioned the value of having market depth available from your broker. It's my understanding that the market depth displayed by a particular broker, only applies to the price feed used by that broker and not to the interbank market as a whole. So I'm presuming that your broker shares a feed with a number of large market makers, so that the market depth you see is fairly representative of the market as a whole. Is that correct?

[baboon]

GTForex - I would definitely recommend either Dukascopy or Jade Investments, I think they will give you a great service. No NFA/FIFO rules and great brokers.

Philip - As far as I am aware, you are correct. There is no centralized exchange for Forex as there is for Futures or Stocks, for example, and therefore volume is either estimated or based on the Market Maker you are using.

As Dukascopy is the largest liquidity provider in Europe, if you are trading the London session then there is a good chance that you will be getting a clear picture of market sentiment from their Level II data.

I would assume that this is less reliable with this broker when trading the other sessions.

[Tmone]

I would recommend Forex-Metal broker. My experience with them is very good.

[jdforex]

In the UK I have only ever used ODL and they have been very good. However, the majority of my trading now is via Spread Betting as I don't like paying tax!!! For that I use IGIndex, who again have been very good and have generally good spreads, no real spiking and are FSA regulated etc.

[raa]

Guys, I just noticed that Ducascopy has moved its MT4 beta-testing into a full production, so we have an option of a great broker, ECN, Level 2 data, with MT4 support and account from 1000 USD and micro lots 0.01.

[marc walton]

Hi All, I mentioned in the forexmentorpro blog update the other day that we have come to an agreement with a great company who will be able to offer rebates from most of the top forex brokers, included in there is Dukascopy.

What this means is that you have the added advantage of an intermediate who will research & do due diligence on any broker before they accept them (the company in question take months researching & are very protective of their own reputation, so they do the hard work for you).

They will also act on your behalf to try & sort out any problems & you will receive a rebate/discount at the end of the month for every trade that you make. I have signed an agreement with them today & will be able to let you know the details in the next week/10 days.

I have been using Dukascopy for 5 years for my main account & they are the best around. The problem used to be that the minimum account size was $50.000! as Raa said above that has all changed now. The one negative thing with them is that their account opening process is terribly slow. They are regulated in Switzerland & they are very strict, but the waiting is offset by the fact that your money is as safe as is humanly possible.
If you are looking to open an account with ANY broker in the next few weeks, before we announce our new arrangement then email me or send me a private message, regards, marc

[raa]

Marc, great stuff, thumbs up!!