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MT4 ECN Forex brokers




Below is the list of brokers who offer MT4 ECN trading.
Those Forex brokers may also offer other regular non-ECN accounts, please pay attention when choosing the right MT4 ECN account.

3TG FX
4runnerforex
4XDG
4XP

Read more...


Broker discussion area

Clem

February 15, 2011

Hi BG,

Please I want you to inform other forex traders not to open an account with ETORO.COM.
They are scam company. They charge customers for trailing stop, stop losss order and high spread.

Clem

trader

February 15, 2011

HI BG,

Please list FXPRO.COM in the list of recommended forex brokers. They are market makers but their spread is ok and they use MT4 platform.
Please lst.

trader

February 15, 2011

Hi BG,

Please remove Deltastock from your list. They are scam.

Nigel

February 27, 2011

Hi BG,

I have read through your blogs and would like to please ask how a regulated Broker protects its clients money and are the real benefits to traders that use regulated Brokers. While I understand it is better to have the ability to report a Brokers misconduct to a regulator, do these regulators publish reports on how Brokers have been treating their clients based on the types of complaints lodged by their trading clients. This type of information would be useful, when considering which Broker to place your hard earned money with, even some sort of rating system provided by a regulator would be very helpful.

I have been looking at IamFX, they are NOT regulated but claim to keep their clients money segregated from their own company account. They also offer a free VPS with raw spread using MT4 platform, they do charge commission of 1.2PIPS on a Micro account with a minimum deposit of $100 and a max Leverage of 400:1, do you think the commission is high compared with other regulated Brokers?

Cheers Nigel


BrokerGuru

March 5, 2011

Hi Nigel,

IamFX's spreads are not high comparing to other brokers.

Being a regulated broker means quite a lot. If we look at it this way: the last thing any trader wants to hear from his broker is that the company doesn't want to honor a withdrawal request (either because there is a real dispute or because a broker "decided not to pay for whatever reason"), or, even worse, a company becomes insolvent and is not able to pay out to its clients. That's where the ability to solve disputes with the help of a supervisory authorities matters.

I don't want anyone to think that non-regulated brokers can't run transparent fair businesses. In some countries there is still no proper regulation of Forex trading, while companies continue to work. Being regulated is an advantage, without regulation - it's a broker-client relationship built on trust. Everyone chooses what works for them. Having a segregated account is good, but a broker still controls the withdrawal process.

It's not a common practice for regulators to publish investor complaints, but if we take NFA, they publish some summary info. (Take an NFA regulated broker and check its listing at: http://www.nfa.futures.org/basicnet/welcome.aspx . Look for "Regulatory Actions", "NFA Arbitration Awards" and "CFTC Reparations Cases".)

If you're trading with a FSA regulated broker in UK, you're not only protected in case of a dispute with your broker, but also your investment is additionally covered with the Financial Services Compensation Scheme (FSCS).

It's still an individual choice as to how much protection and guarantees your want to receive for your investment. Some traders, for example, would not trust money to any broker, except banks which offer Forex trading, while others would be fine with smaller brokers. The choice is yours.

trader

March 10, 2011

not shure

but at least apbg www.apbg.com
is ecn stp


BrokerGuru

March 10, 2011

yes, from the information on their site they are ECN STP.

Mike

March 22, 2011

Hi guys, excellent forum!

I have an issue with VarengoldbankFX.
I have seen strange price movements and a difference between their demo ad live data feed. I suspect them highly of manipulating prices and hunting stops.
They claim to be a non-dealing desk and STP so the 'cannot' interfere. That's what they say.

What do you think? Anybody heard anything about VarengoldbankFX not being honest?

Mike

BrokerGuru

March 24, 2011

Hi Mike,

Demo and Live prices could differ, since there is different processes in filling orders involved: on demo - whatever trade you place, it will be filled, since your order isn't connected to the market, can't affect it, doesn't require any actions from a broker; while on live accounts it all changes and your trading becomes affected by market conditions (trading volume, market volatility, execution speed etc).

trader

March 31, 2011

Anyone know about v3fx


BrokerGuru

March 31, 2011

No, sorry. I haven't heard of this broker before. We'll add them to the reviews page to get some feedback.

trader

April 6, 2011

ACCOUNT N 233128 COMPLAIN
Dear CySEC
Pay responsibility to resolve my complain case ,please
FxPro Financial Services Ltd is authorised and regulated by the CySEC (licence no. 078/07) but have very bad transaction mt4 for chinese investor. Fluctuations in the market once I got my right direction and profits order , there is no way intentionally open a order in FXPRO MT4 , but it can be done in loss wrong direction , lost order deal immediately, during my transaction AUD / USD fell to , if I was selling single, FXPRO platform at least repeated show "market price has changed," can not be traded, if I can pay immediately show "Please wait"for many seconds to extension of time, If i am in the wrong direction order before fxpro will make a deal at once at that price, In words I found recent 3 months problem is very severe and cause my lost at least one transaction on average 3 to 5 points , it ofen can be deal seriously, When the market direction changes regularly FXPRO shows "price offer is not valid " or " can not be connected".

If the number of transactions in accordance with my 50 hand in fxpro, I need to at least 1,500 dollars for compensation.
This situation happened before at least 3 times before, I have been complained to fxpro2 times with emails, the last time bring my account at least 500 dollars happen in fxpro platform broken time ,the complain sent to them with screenshots by evidence before , once more recently FXRPO often shows a connection error when the market direction changes , or a sudden break, resulting in my position there is no way to make profit order in that situation cause I just can close my the transaction in losses price positon , the losts has been temporarily unable to calculate specific figures. FxPro Financial Services Ltd is authorised and regulated by the CySEC (licence no. 078/07).

Fxpro is aslo a F1 sponsorship to maintain the image of his company, I was introduced by their ib GuoQixiang to FxPro Financial Services Ltd, and because of their vested account of the same name problem, but I also have not found platforms in case of problems like these, I agree to accept they pay my introduce half commission before, business executives are asking fxpro re-investigate m y commission account, and pay my another half 233128 commission before beginning months, combined with the practical problems I give appropriate compensation to at least 2000 U.S. dollars. I hope CySEC can maintain foreign exchange market of fairness and Chinese investors' interests to investigate the matter.

Best Regard!

ACCOUNT N 233128 INFxPro Financial Services Ltd



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