Any regulated nano lot broker out there?

Beginner Questions
1

Hi.
I will appreciate your help finding a broker with the following characteristics:

  1. Offers nano lots which means min pip value = ~1 cent
  2. Regulated
  3. MT4 support

The only broker that answers 1,2 as far as i know is OANDA but the problem is that OANDA doesn’t support MT4 and it’s reporting mechanism is complicated. But i’m aware that there are people here that use MT4 feed for analysis and OANDA for trading. As far as i’m concerned i like centralisation and ease of use that’s why i look for a broker both for analysis and trading.
I wonder if there is a broker which answers 1,3 and also is regulated and well capitalized.

Do you think it is too risky to choose a broker which is not regulated by any organization?

As for myself i intend to start with daily charts with a small amount of money such as 1000$ that’s why flexibility of position size is of major concern to me because on the dailies i’ll probably need wider stops on a small account for which micro lots are insufficient if i want to risk 0.5%-1% on each trade.

Thank you very much for your time
Rafael

2

I think you mean a micro lot. Yes, Oanda offers micro lots, mini lots and anywhere in between which gives you great control over your position sizes.

Have you done any research? I googled your terms and came up with at least two well-known brokers on the first page…

3

Oanda offers not just nano lots, but any lot size you want, as small as you can imagine.

I seem to recall IBFX also offering nano lots. Probably many out there. Just go do some due diligence.

4

IBFX meets all those stipulations. I’ve traded live over 2 years with them now. They are a good broker you can trust. My platform disconnected once in that whole time, and went right back up.

5

Hi ThePhoenix

Are you sure IBFX offer nano lots which means min 1 pip move value = 1 cent (0.001 lot) ?. As far as i’ve checked IBFX offers 0.01 lot which means 10 cent min for each pip. But i can check again :slight_smile:
Meanwhile as o990l6mh said Oanda is the only broker which offers the most flexible position size but i don’t like their charting software and i’d like to have both analysis and trading on one platform. Searching the WEB shows some other brokers which offer nano lots but are not regulated such as: FXOpen, FXCast and FXLite. Do you have any experience with them?

Thanks
Rafael

6

You can try check out Fxopen or Forex4you

7

Yes on their mini accounts. On my account a single trade can be 1 cent all the way to $50 per pip. And you can have up to 50 trades open at once I think. (as long as you have the account to support it.)