Best MT4 broker? on Page 2 at Nobullshit Network Forum

Optional · 11-04-2007, 05:45 AM

there is a great (short) article here about the basics of how ECNs work... plus a list of which banks provide liquidity to which of the major ECNs

FX ECNs (electronic communication networks) - London FX Ltd

and another great article explaining how the spread works it way down from the banks, through the ECNs to the retail brokers and who takes what where.

E-Commerce Pricing - London FX Ltd

(I guess this is kind of off topic.. thought it was interesting though)

JoseLeon · 11-04-2007, 01:47 PM

NF has changed a lot in these months and it's working great, they are only accepting credit cards and wire transfers now. In fact you are disconnected less than others like IBFX. The problem with NF is that they limit your stops, but I see more spreads in IBFX than NF in most of cases. And they work more hours than IBFX...

Quote:

Originally Posted by Optional

I always heard people slag off North Finance so never really looked at them as a live broker option... but I have been using their demo platform for ages and have noticed the spreads always seem on par if not better than CMS or FXCM and I get disconnected a lot less too.

I want to try an MT4 system EA so have been thinking about funding a live account there for that.

If anyone knows more about NF or has a better suggestion, I'm all ears too

Optional · 11-04-2007, 03:07 PM

What exactly do you mean by they limit your stops Jose?

JoseLeon · 11-04-2007, 08:32 PM

Quote:

Originally Posted by Optional

What exactly do you mean by they limit your stops Jose?

For example you can not open a buy/sell stop/limit or TP from the current price in some pips (if I remember well it was 10 pips). Marketiva did the same some months ago limiting stops. Other brokers using mt4 has not this limitation (for example IBFX).

Optional · 11-04-2007, 09:38 PM

Thanks Jose... CMS have that rule too and I had just assumed it was standard practice actually

JoseLeon · 11-13-2007, 03:59 PM

Quote:

Originally Posted by klaslok

the non-dealing desk of FXCM is even worse ...

Go with EFXgroup or Oanda

Hello klaslok,
can you tell me what´s yoiur experience with Oanda?

Thanks

**allinvain** · 11-13-2007, 05:20 PM

hmm..I'm going to give efxgroup a shot, maybe I'll regain my original zest for forex trading before I got my ass kicked by the market...or was it InterbankFX. The sad thing is that since I'm not an expert yet I don't know if I got stop hunted or if IBFX robbed me.

Btw Jose, thanks for releasing your forex system out there. I'll be giving it a shot in the next few days on an efxgroup demo

JoseLeon · 11-13-2007, 07:48 PM

Quote:

Originally Posted by allinvain

hmm..I'm going to give efxgroup a shot, maybe I'll regain my original zest for forex trading before I got my ass kicked by the market...or was it InterbankFX. The sad thing is that since I'm not an expert yet I don't know if I got stop hunted or if IBFX robbed me.

Btw Jose, thanks for releasing your forex system out there. I'll be giving it a shot in the next few days on an efxgroup demo

You can also consider mbtrading. Efxgroup uses the platform from mbtrading although efxgroup has changed the website and you can now trade through a website instead the program.

Nikolasha · 01-12-2008, 03:32 AM

Quote:

Originally Posted by kibitzer

In your opinion, which is the best broker using MT4 platform? Why?

Thanks for your inputs.

forex-metal.com because-quite simple- i am using it and have no complaints!

**allinvain** · 01-12-2008, 03:55 AM

forex-couch-potato.com because quite simply I am using it and I own it, and...I hope you get the point.