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MT4 brokers | MetaTrader 4 Forex brokers




MT4 Forex brokers is the largest group of Forex brokers.
Due to popularity of MT4 platform, almost every broker (about 95% of them) offers MT4.

It could be a bit overwhelming to find a broker based only on MT4 criteria. Thus, adding such parameters as minimum deposit, broker type (ECN, STP or Market maker), as well as regulatory status can help narrow down the search.
Read more...



Broker discussion area

BrokerGuru

March 31, 2009

Hi Zak,

The reason behind such hanging and/or re-quoting is often explained by insufficient liquidity on the broker's side, when a broker cannot provide the requested earlier price due to lack of buying/selling contracts on the market that are supposed to cover your request.

The other possible reason is that a broker you trade with is a market maker, who sees whether your new trade is going to be an obvious loser or a winner. If the market is moving fast an in case you're entering an obvious large winner, no broker would want to take the opposite side of your trade and deliberately lose money, unless they have enough liquidity and can cover your trade with other clients' trades (where clients will lose).
This type of "freeze and re-quote" situation is very common during news hours.

If a broker's server hangs too often with no apparent reason, it could also be an overloading of the system on the broker's side. But, no matter what issues are there with the server, trading on such unreliable platform is not a pleasant experience...
I'd change a broker without hesitation.


zak

March 31, 2009

Thank you for all I.
Secondly, I have one query
Why when it begins operations, "a successful transaction," the broker server suddenly start to hanging and the lack of access to the closed end and then begin manipulating candles? So are all the brokers?

zak


BrokerGuru

March 28, 2009

"The company is entitled, by its own discretion, to act as a mediator and cover the clients positions by other clients and/or financial corporate, and also act as a market maker, and to constitute as an opposite side to the client's trade." (http://www.4xp.com/terms.php)


trader

March 27, 2009

Could someone also check out - http://www.4xp.com/index.php - they are out of the UK and offer MT4 - also claim to be ECN


BrokerGuru

March 16, 2009

There is no reason not to believe you.
If you trade live, you have facts.

I can only post the answers I got from IBFX today:

My questions: Do you have a dealing desk? Are you a market maker?
IBFX: No, we do not have a dealing desk. No, we are not a market maker. We have 7 liquidity providers(banks). They can take the other side of your trade. They will send bids and offers. The best price is what you will be quoted minus a small amount of the spread.

Please leave us a short broker review at: http://www.100forexbrokers.com/reviews-ratings


trader

March 13, 2009

IBFX is market maker, his spread is widen like crazy, slow execution on SL


trader

March 9, 2009

Apart from MBTrading, who seem to be in the process of offering a ECN-style MT4 platform, FXCM has now reduced their minimum required account size from 5000 to 2000 USD. Some other specialists on MT4 have pointed me to Avail Trading, they are originally a small but very effective futures company ( US ), now they seem to offer a true ECN style MT4 platform, which is seemingly connected to hotspotfx, a major liquidity provider in FX.

I agree that Dukascopy is too much for the avergae trader, but we will see more and more brokers offering better quality.

Some great posts here & nice people... ! The list of systems is very valuable, not many visitors to this site will appreciate the fact that there are " hidden diamonds " here, which would easily be marketed by the Internet marketing guys for several thousand $$$.

My sincere thank you and please continue.....!


BrokerGuru

March 2, 2009

There is no info on the website where FXCH says that they are swiss. The first contact address is in UK.

We haven't traded with FXCH to comment on the scam factor, however, when many people warn traders about any company, it is worth to at least bear in mind the info and be cautious.


trader

March 2, 2009

why FXCH is a UK broker? Isn't it a Swiss broker? Its spread is very impressive, but many people say it is a scam:(


BrokerGuru

February 27, 2009

Thank you for your feedback and questions.

Let's start with Metatrader 4 platfrom first. The platform is not capable technically to support full scale ECN trading: it cannot show the depth of the market and can't support interaction in between traders.
More details about ECN trading here:

ECN/STP Forex brokers
MT4 ECN Forex brokers

"ECN style" is a term used by Forex brokers to show that they have done additional work to customize/bridge MT4 platform in order to enhance trading environment and make level 2 ECN trading possible on an well familiar for traders MT4 platform. A broker connects MT4 to ECN via bridge using own API. Whatever it is, you will not see market depth and liquidity on any MT4 platform, unless it uses MT4-to-ECN bridge, you won't see other traders' orders, and you won't be able to hit those orders, unless it is MT4 ECN. I hope this helps a bit.

I think you should be able to find a broker who offers Forex, Gold and Crude Oil trading, although I can't name any right away.
I'd suggest you visit http://www.100forexbrokers.com/gold-silver-oil-cfds
All those brokers offer Forex + Metals. From that list begin looking for brokers that offer Crude Oil (...thank you for the tips, by the way. I'll use those criteria to develop webpages further). Will any of them also have MT4 platform, I can't be sure.

And finally, few more words about first live trading accounts in Forex. Whether you are totally new to trading or have an experience with Shares, Commodities, Indices or Treasuries, it is highly recommended that you start with a small investment in Forex. Dukascopy is a good broker, but its minimum account requirements are affordable only to professional traders.

Having said that let me also mention why it is not so important for beginners with small Forex accounts to lock on finding necessarily an ECN broker. First steps in Forex are all about trying to trade, to understand the process, to manage the account, to preserve original investment and as a small reward - earn some money on top. Market makers can be good for the start. An STP is often better. Still, it is better to have a good solid trusted market maker than a bad STP broker.

Confusion is what we all face when we read reviews on Forex brokers. "Good, bad, scam, not scam" - there are as many opinions as there are traders on Earth. Try to read some reviews, but don't base your choice solely on what you've heard. Choose brokers by the clarity of the trading conditions, by open and easy access to support and any other Sales, Tech etc departments, by the regulatory bodies they are registered with, by the speed and execution of their demo trading platform (although it may differ when you go live). Whichever broker you choose, try it out first by opening a small account. Later when you are confident and satisfied with everything you saw, add funds and trade happily.


trader

February 25, 2009

Excellent site finally, clear and not confusing the reader, as the most of others out there.
I am new in forex.
I understand how important it is for me to chose now an honest Broker to work with, and I've been spending a lot of time in research.
Result ??? I am stuck to a point of total confusion. Too much B.S. offers in that jungle, but I have the impression that I found the right site now with good information. Thank you...

I'm looking for a broker (NDD+STP+ and (maybe)ECN
(I'm not quite clear yet on how important this could be for me, being a new) maybe you could help me understand this.
Beside this, I would like to be able to trade on the same platform (possibly Metatrader 4) : Forex, Gold, and Crude Oil.
I can't found such a Broker... Is it too much asking ??? Am I a complete foolish, dreamer ???
Or is it that I'm just missing a part of the meaning of this mosaic...
Do you know any of them that does all this ?

My first choice is Dukaskopy, by they don't do metals and oil, and the minimum deposit it's a bit too much for me to risk now.
Second is FXCBS with a professional account, I will ask them about gold and oil.
But I have a question for you here.
This is the only Broker in your description as : STP and (ECN style).....
What does this definition of (ECN style) means exactly ?
They work like an ECN without being an real ECN ? I don't understand it...
Thank you for your help


trader

February 19, 2009

hey guys the greatest broker is prime4x I earned alot of monet with this broker he gave the best services www.prime4x.com


BrokerGuru

February 17, 2009

Thank you, Scott!
I've update the info about SwissFXBroker.
Thank you for your feedback as well!


Scott

February 16, 2009

I didn't get a chance to thank you for this website. You have no Idea how useful this is to me.

Scott


Scott

February 16, 2009

Stanley from SwissFXBroker says so when I chatted with him. Thanks.
scott 9:21:26 PM
does your MT4 have STP/ECN capabilities
?
Stanley 9:21:44 PM
yes
scott 9:22:37 PM
so all your trading platforms have STP/ECN capabilities?
Stanley 9:22:47 PM
yes
we dont run or own a dealing desk

Scott


BrokerGuru

February 16, 2009

I think SFXB was put as market maker here, because their MT4 platform is not STP/ECN. Please correct me if I'm wrong. Thank you.


Scott

February 16, 2009

SFXB - SwissFXBroker GmbH - MT4 - min deposit $2000, leverage 500:1, forex broker type - market maker
Should be STP/ECN I chatted with them and it says on the website. Thanks.

Scott


Scott

February 15, 2009

hey trader
I've heard and read nothing but rave reviews on TDFX.com and I am anxiously waiting for Monday to roll around when I go live with them. Are you a affiliated with them in any way because I see a few feedbacks from you on this and the other pages on this site. Or are you just a trader spreading good info? If you are the latter, share your experiences with them so far. Thanks, please respond. It would be quite helpful.

Scott


trader

February 14, 2009

MBtrading is offering MT4 demo accts now and is developing a live acct with ECN capabilities in 2-3 months. I've chatted with them.


BrokerGuru

February 13, 2009

Thanks a lot!
The brokers have been added to the list.


trader

February 12, 2009

www.uni-fx.com
www.prime4x.com
www.forex-swiss.com


BrokerGuru

February 12, 2009

Thank you, they are on our MT4 brokers list. ODL is a market maker.


trader

February 11, 2009

I talked to ODL and ODL have MT4 pro, that spread is not FIX and have commision to.
don't know if they are really ECN, i never tried.


BrokerGuru

February 10, 2009

Thank you, guys!


jranyak

February 9, 2009

Another addition to your London list of MT4 brokers- FXM at fxmtrade.com. They accept live accounts from $10. Not sure if a market maker or STP, but worth checking out. Will be on demo tonight.
jranyak


trader

February 9, 2009

You can add PFGBest as MT4 broker with STP on regular accounts. Mini accounts available.


trader

February 3, 2009

Dear traders,

this website is very good for novice traders.
I am runnign EA and so far the only company that answered my needs is www.Tadawulfx.com
Thank you very much


BrokerGuru

January 30, 2009

Awesome addition!
Thank you very much from our Team and all Forex traders who will use this information in the future!
Appropriate updates has been made to the main MT4 brokers list.


trader

January 30, 2009

I really want to thank you for this website. It has been a big help.

Here are some additions to this MT4 page:
TradersVoiceFX - MT4 – min deposit $1000/$10000, both fixed & variable spreads, forex broker type - market maker &STP(ECN) – USA
NordMarkets – MT4 – min deposit $1000, leverage 200:1, spreads variable, forex broker type – STP(ECN) – Sweden
Taurus Global Markets – MT4 – forex broker type – STP(ECN) – USA
Forex Financial Services – MT4 - min deposit $10000 AUD, leverage 100:1, forex broker type: Market Maker?? - AUSTRALIA
TadawulFX – MT4– min deposit $500, leverage 500:1, spreads variable, forex broker type: NDD – Swiss/Cypress
FXDD – MT4
FXLite – MT4 - min deposit $500, leverage 200:1, spreads variable, forex broker type: STP (NDD) – USA
GTL Trading – MT4 - min deposit $500, leverage 200:1, spreads variable, forex broker type: STP (NDD) – Swiss? (Does not allow US persons)
LatitudeFX – MT4 - min dep $1000, lev 50:1, spreads variable, forex broker type: STP (NDD) – New Zealand (Allows only NZ, AU, UK persons)


trader

January 29, 2009

The minimum account size for Foreign Exchange Clearing House (FXCH) above is $2000 and not $500 as stated above.


trader

January 29, 2009

Liteforex.org is listed as being NDD(STP) on their website and not a Market Maker as stated above. I don't have any experience with them, but they are one that I am considering.

------------
BrokerGuru Update: Liteforex.org info has been updated. Thank you.


BrokerGuru

January 29, 2009

Review these brokers with mini and micro accounts:
http://www.100forexbrokers.com/mini-micro-accounts-comparison


trader

January 29, 2009

Very good, i am poor in money now...i want a little deposited broker. :(


BrokerGuru

January 25, 2009

FXCM is on the list, but ForexFS is not.
Thank you for your suggestion! We've added the broker.


trader

January 24, 2009

what about ForexFS?

What about FXCM?

They are not on the list of MT4 broker


BrokerGuru

January 21, 2009

STP - Straight Through Processing.
NDD - No Dealing Desk.

"STP (NDD)" means that the broker runs no dealing desk and uses straight through processing when dealing with trading orders.

You can learn about different broker types here: ECN STP Forex brokers


trader

January 20, 2009

What is a forex broker type - STP (NDD)?

Thanks.


trader

January 20, 2009

Jay,
Market maker brokerages are playing against you.
Be very careful about showing them your stops.
A stop shows up in the market as a level at which you are willing to trade.
So expect someone to take that trade especially if it is a bargain.


Jay

December 30, 2008

hi everyone,
first i want to thank the webmaster at 100forexbrokers.com for providing such detailed and valuable information regarding brokers.
one thing that i want to warn follow traders is that: I had and account with fxpro.com and after couple of months i noticed that they trigger my stops before even the price reaching it, i send them the prove (chart pic and candle and my stop figure) but they denied my case. so i was looking for a site that was given unbiased listing of these brokers and I'm glad i found this site.
good luck to everyone :)
Jay


BrokerGuru

December 27, 2008

Good comment, thank you!
I reviewed their "scam label". You can't do much against public opinion, and I won't try to support FXCH or any other broker.

Again, I don't know whether FXCH is a scam or not, I don't want to back up them or confirm anything else. My goal here is show you how to choose a Forex broker knowledgeably.
Thank you!


trader

December 27, 2008

FXCH support said: minimum deposit by Credit Card through AlertPay $500
by Bank Wire Transfer is a minimum deposit of $2000

Credit Card deposits from their AlertPay payment link are max $250 a month,
but it needs $500 to fund the account. I'm waiting for answers after 29th Dec.

I think to fund $250 at the end of month and another $250 on the 1st of next month,
Total $500 the minimum required. Anyway the FXCH is declared as scam,
Google after: fxch scam


BrokerGuru

December 26, 2008

Thank you!


trader

December 26, 2008

FXCBS - www.fxcbs.com - MetaTrader4 - Min deposit is $100, fixed and inter-bank spreads available. STP (ECN style), Chicago


trader

December 25, 2008

The FXCH has changed the minimum from $500 to $2000.
I opened an account on 24th Dec 08

Happy New Year!


BrokerGuru

December 21, 2008

That's what we also saw on the main page, but then browsing further, there is $500 for a mini account.
Please refer to:
http://www.forex-swiss.com/platform.html
...Under "Reasons why choose FXCH".

I guess, we need double check with them.
Update: confirmed today, min deposit is $500.


trader

December 21, 2008

FXCH (Foreign Exchange Clearing House) website states minimum deposit to open is $2000


trader

December 19, 2008

investtechfx.com MT4, commission on scalping account, Canada



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