Forex and Metatrader
- Thread starter Whathell
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I've got the save query after almost 3 years from the previous post. Seems like still none of the forex brokers here in Australia is willing to take on MetaTrader4 as their trading platform. All the money just flow overseas... any ideas why?
I've just received an email from AxisTrader, they appear to be an Australian company associated with odl securities with a license to trade derivatives from ASIC, and it looks like they are on the Metatrader platform. Have been searching the forums for feedback or to see if anyone had anything to say about AxisTrader, but there's nothing. Hope that helps.
white_goodman
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you realise GO markes have mt4.... have u been under a rock lol?
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I just got a phone call from GO MARKETS.
the sales guy was asking how l was doing with the demo, my reply as follows;
"I'm not really into MM's on FOREX and am looking for a FX Broker who is ECN and also has MT4 platform with EA's. MM's manipluate the price to much and have sudden spikes and lost connections."
His reply, "Next week we will be lauching GO MARKETS with ECN avaliable and use of the MT4 platform with FULL use of any EA's you can think of."
He went on to explain that ECN costs a bucket load of money to run and that GO MARKETS would have no minimum account balance.
Guess we will have to wait and see if it's true. The other option is MB Trading which have an ECN connection and MT4 platform with EA's and l think only a minimum account opening balance of $400US.
the sales guy was asking how l was doing with the demo, my reply as follows;
"I'm not really into MM's on FOREX and am looking for a FX Broker who is ECN and also has MT4 platform with EA's. MM's manipluate the price to much and have sudden spikes and lost connections."
His reply, "Next week we will be lauching GO MARKETS with ECN avaliable and use of the MT4 platform with FULL use of any EA's you can think of."
He went on to explain that ECN costs a bucket load of money to run and that GO MARKETS would have no minimum account balance.
Guess we will have to wait and see if it's true. The other option is MB Trading which have an ECN connection and MT4 platform with EA's and l think only a minimum account opening balance of $400US.
Stormin_Norman
Currency Trader
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ECN = marketing ploy built on suspicion.
there are retail brokers, and wholesale brokers.
those with fixed spreads, and those with variable spreads.
those with slightly lower spreads and commissions, those that make their profits solely from spreads.
those with dealing desks and those without.
there are retail brokers, and wholesale brokers.
those with fixed spreads, and those with variable spreads.
those with slightly lower spreads and commissions, those that make their profits solely from spreads.
those with dealing desks and those without.
white_goodman
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itll be interesting to see the quality of their feed and commissions.... cos mb trading isnt up yet for live mt4....
or they might do what ibfx have done which is jsut vary there spreads when it suits on the lesser pairs to avoid TP's
I think all marketmaker brokers are the same. They can look at their order book and calculate what a price movement will do to their profit. Most traders will set Take Profit and Stop Loss levels on their trades, which gives the broker a very good idea what will happen when they move the price. The broker will continuously calculate the effect of moving the Bid or Ask a certain amount, while taking advantage of certain liquidity levels from their provider, to make the most profit.
Wysiwyg
Everyone wants money
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Metatrader 5 BETA out for public perusal now I notice.
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I use CFH markets with Alpha Broking, ECN, MT4 and a web based platform i use at work... 
I recommend AxiTrader based in Melbourne. See axitrader.com.au
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Although axitrader have some alternatives to currencies to trade they have regular requotes and delayed orders, I would say without much doubt they are running the MT4 management plugin.
Gomarkets are quick and smooth with very competitive spreads.
Gomarkets are quick and smooth with very competitive spreads.
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Vantage were (I do not know if they still are) a white-label of GoMarkets.
Yes that's correct, they were an authorised representive of Go Markets.
They are now seperate companies.
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IBFX comes to mind.
All bucket shops use MT but.
All bucket shops use MT but.
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All forex brokers by definition are bucket shops as there is no central exchange.
However, most dodgy brokers do use MT4. But not all those who use MT4 are dodgy.
>Apocalypto<
20.03.2012
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I prefer to Trade FX with gomarkets over IB ...... but futures is only with IB.
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