Help finding a decent broker on MT4

[FseXy]

I've read numerous online threads on various forums to little if any avail in finding a decent broker that uses the MT4 trading platform that doesn't rip off its clients. And if that wasn't enough most review sites are either scams themselves or I find out that most clients have been ripped off by these brokers that use the MT4 trading platform.

Can you help me find a broker that you have experience with using MT4 and one that works well with EA's as well?

Really appreciate any help.


Thanks.


Forex Broker Fraud & Scam Reviews & Ratings

So many scams, huh.

[FseXy]

I forgot to mention that the broker needs to be NDD using ECN with MT4 if you have any recommendations. All these brokers tell lies when they say they use no dealing desk.

[tymen1]

Here are your answers :

You asked for a NDD brokers using ECN.

1) EFX
2) Knight Capital Group (Hotspotfx.com)

They are genuine.

Some websites hyperlinks :

EFX - IntelliChart


Kind regards, Tymen Wortel, Perth, Western Australia.

[FseXy]

Ok, thanks tymen1. I am not used to other platforms but if they are truly genuine on their own platform they should be worth trying out.

In the meantime though do you recommend any MetaTrader 4 brokers that use the platform as their primary software for retail clients? I have read that there is a way to make MT4 software work with ECN broker if you use some dll or a plugin (or an abridged server?) that mods the software or something but it is far from me to know exactly how or if it works. I just need to get past lies from brokers that pretend they are ECN when using MT4 but aren't, I think they must mean on a different platform of theirs but never make that clear.

If I don't find a decent MT4 broker then I guess it will be one of these two you mention, everyone seems to have only good words for them right now.

[tymen1]

To FseXy :

I am told that EFX is one of the most helpful forex brokers in the whole forex business. They apparently go out of their way to help you.

So if you phone them and tell them of your MT4 platform requirements I am sure they will come up with a solution that is satisfactory to you.

To prevent my post being edited, I am not advertizing EFX, just trying to be helpful.


Kind regards, Tymen Wortel, Perth, Western Australia.

[philipwa]

The Current broker i am using STIFX is NDD, which is direct execution to all there sources, banks. They are using MT4, quick execution. The are offering Gold, Silver, Crude Oil, And various currency pairs in MT4 platform. I cant recommend others, cause i am happy with STIFX, since i am getting quick withdraw and deposit facilities, good customer support and quick execution in MT4 is all what i need.. rest depends on how i trade, whether i lose or win hehe

[tymen1]

To FseXy :

Well there you are. Phillipwa has given you an immediate answer!!

Kind regards, Tymen Wortel, Perth, Western Australia.

[FseXy]

Great, I will take a look at them now.

[kingen]

I've heard from a non-dealing-desk broker forum that MT4 is per default incompatible with NDD brokers. I really hope that that statement isn't true. Can someone with more knowledge than me clarify this matter?

[FseXy]

Originally Posted by kingen

I've heard from a non-dealing-desk broker forum that MT4 is per default incompatible with NDD brokers. I really hope that that statement isn't true. Can someone with more knowledge than me clarify this matter?

I hear/read the same things over the years but brokers claim they use NDD on MT4 platform, what to believe? I plan to go/move with a broker that is recommended by others and stick with it if I am happy.