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Market Execution vs Instant Execution in MT4




MT4 STP vs MT4 Dealing desk


STP brokers use Market execution, which doesn't allow stop loss and take profit orders to be specified & set at the moment of placing a new trade. SL and TP orders can be added only after the trade is open, so that the price of the open position is already known. A trader then needs to modify an existing trade to add stops and profit targets.


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Broker discussion area

trader

April 22, 2011

I want to know if Fxpro is a good broker, i really want to be safe in starting up a forex career


BrokerGuru

March 8, 2011

They are a new company. No reviews, and a site is created in December 2010.
The link to account opening lands on a page that provides no information about account opening. Can't learn anything without it, sorry.


trader

March 8, 2011

Hi,
I want to know that mirror forex in india is genuine company or not
Its site is www.mirrorforex.in


BrokerGuru

March 5, 2011

Intel FX is not regulated. They are a registered company FNZ Capital Ltd. (reg.# 2270095) in Auckland, New Zealand.

Is there such thing as a "safe broker"?
We're definitely not going to sort brokers to "safe" and "not safe" on this site. (It'll be unprofessional at the very least to give labels).

But we can help to evaluate brokers:

Normally, you'll look at the level of transparency, legal documents, history of known disputes.
In the end, what matters for every investor is the ability to withdraw deposits and withdraw profits, and, in case of the broker insolvency, be able to recover the funds.
Each point will add to a security level of the broker:
+1 for running the business as a registered company
+1 for being a regulated broker
+1 for keeping client funds on segregated accounts
+1 for having client funds additionally insured
+1 for keeping a clean record with no known disputes about withdrawals
+1 for providing exceptional professional support on each request


trader

March 1, 2011

What about IntelFX, are they regulated?by who?are they save?


BrokerGuru

January 20, 2011

Forex4you - STP.


trader

January 3, 2011

Forex 4 You is which type of broker STP or DD



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