Because MT4/5 is not a professional platform. The whole Metaquotes technology stack was created for retail brokers and the Metatrader UI is not designed to help the trader act quickly in case of emergency (I am refraining from writing it was done on purpose, but would not be surprised knowing the history of Metaquotes).Why do you say MT4 is for novice traders?
The fact they don't support MT4 is NOT a problem, it's a blessing. read my other recent post in this thread to understand why. MT4 is not and should not the platform of choice for anyone who wants to trade professionally. It's time you guys start understanding this and give your money to companies who actually do a better job than Metaquotes, and therefore support those brokers who actually have some sense in providing other platforms than MT4. Although that doesn't necessarily mean the execution quality is going to be there if the all the negative reviews I read about OANDA are true.Hi, I've trading with this new broker company for a couple of months and I really like their conditions. The EURUSD spread is 0.5 pip with a standard account and there is no commission. On bigger accounts they have commissions like $5 or $7 dollar, but the bigger your account the lower your spread is. Check out their website for the account's information. Their live chat is awesome. Anytime I had problem they would fix it in minutes. For me once I had some chart problem and they used TeamViewer for solving the problem.
Right now one problem is that they don't have MT4 platform but they are working on it.
I hope I was helpful,
I'm feeling a little burned out by hearing nothing but scam, Scam, SCAM all day long. I have a broker that I don't like. The reason I haven't changed is that I'm worried a new one would be worse.
So, what I really want is to hear from as many of you as possible. If you've used a broker and like them, tell about that in this thread. Please include information about how long you've traded live with the broker and how the withdrawal process went.
1. Write in your own words. Don't copy advertising from the broker's website. There's enough of that in the Spammers Hall of Shame already.
2. Give some useful information. "Broker A is great!" doesn't tell anyone how good the broker really is.
3. Not everyone will like the same brokers. If you disagree with another person who posts, please do so respectfully.
4. If you work for the broker, mention that in the first sentence of your post.
5. If you have any other financial relationship with the broker other than being a happy customer, mention that in the first sentence. This thread is in the Commerce Zone, so commercial links are permitted. You can put in an affiliate link. If you do, tell everyone why they should use your link instead of going straight to the broker's website.
6. If I catch anyone breaking rule 4 or rule 5, the consequences won't be pleasant. I'm also hoping that everyone will follow rules 1-3. I'd like this thread to be useful, not a spam war or a flame war.
One other request. As long as you are writing such nice things about your broker, go ahead and leave them a review here at the FPA too.
Lol, a broker in some offshore island si BS... They can run away anytime, no regulation like ASIC or SEC or FINMA or FCA... You are such a BS, high volume trader would never go there. People will never risk millions on an offshore & poor regulated broker. Stop wasting time by promoting BS broker...
You have started an excellent thread. That is a question of many newbies and experienced traders.
People should understand that brokers are the same as banks. I'm a high volume trader. I'd contact the broker before I start the account opening procedure. I tell them about my trading strategies and monthly volume and withdrawal frequencies. I'll make it sure that they are okay with my terms. I'd fill out the registration forms after I deemed it appropriate.
I have to admit that I've heard many rejections or the broker did not fulfil their promises.
Almost a year ago, I crossed to N1CM broker (www.n1cm.com), and I have found them cooperative, regulated and honest with customers.
I suggest you contact them and see if they can understand your wishes.
Again with BS. If you are a volume trader than retail limitations aren't for you. Every broker accepts accredited US citizens. You can have leverage 1:500 in EU if you're a pro... But no high volume uses more than 1:10 leverage so this means you are just retailer. For couple thousands you can trade offshore, you'll lose them eventually anyway... If you are a pro you will use custodian account, where all is on your name. Segregated accounts are a fairy tale...To general readers:
FCA doesn't accept U.S citizens and so does the rest of EU regularities, and U.S.A has the biggest market. As far as I know, EU brokers can't offer leverage more than 1:30, and the leverage in license brokers can't exceed 1:10. However, an offshore broker offers high leverage which gives a better trading condition for high volume traders.
All licencees ought to submit adequate documents, and fill our the AML/CTF forms, declare of assets and etc. If someone wants to disappear, it won't matter what type of license he/she has. Everything depends on the firm owner not the licencor.
A broker earns 5 - 10 million dollars a year, however the broker asset froze for prudential in FCA B-Book module is 750,000 USD/GBP/EUR.
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