Does anyone have recommendations for brokers that allow index trading? Oanda allows it but each pip is $1.4. I was hoping for smaller size amounts. FXCM states that S&P500 pip is .17, however it is actually a fractional pip, or a pipette that is worth .17. The real pip is worth 1.7. I would want the real pip (240X) to be worth the .17, not (2401.X) to be worth the .17.
Does anyone have any ideas?