OK. I was going along just fine with my American broker. I had mastered MT4 and was working with EA’s. Now the whole CFTC bull**** hit, so I played with European brokers. Dukas comes highly recommended and the spreads are great. Plus you don’t need 50k to do an ECN.
Dukas doesn’t use MT4, tho, a ‘bridge’ is required. I don’t know whether to just try to master the JForex screen they provide, search for another broker, or try to adapt the bridge (no luck so far there).
For experienced traders only: is MT4 all that or should bite the bullet and stay with Dukas’ java-based platform? Is the bridge (if MT4 is recommended), what are the kinks, etc?
This is so effing frustrating, I had my gig down and was doing fine until the idiots in Washington screwed this up…
It really depends on you. Jforex is a good platform from what I understand and there is third party bridge software that would allow you to run mt4 but Dukascopy does not indorse them.
I personally love MT4 and because I am not into learning a different platform right now I wouldn’t want Jforex. Personally I don’t like the bridge software either so I would go with FinFx and they have even better spreads as well as MT4.
I am scoping FinFx as we speak, sent via email a bundle of questions to scout them out. They appear new, tho. I have a concern about liquidity and sustainability, don’t want to have to find another new broker in six months. Great minds think alike!!!
Yup, I really want to go with Dukascopy, but the learning curve on technical indicators is enough without having to learn a new proprietary software. I personally think that it is the height of arrogance that large brokers refuse to accomodate an industry standard like MT4…doesn’t bode well for Dukas’ small retail end, which appears where they want to be headed with the recent reduction in minimum account opening deposit.
Don’t know. I was reading that the new MT5 will have improved server architecture, I believe that configuring the MT4 platform with ECN was a “problem” for a few international companies----probably because they didn’t have systems in place to make money on the transactions and were too dependent on dealing desk scams (although this wouldn’t apply to dukascopy).
The rep from Dukas said that MT4 development was “weeks or months” away. I learned MT4 at the very beginning so I’m not changing.
How has your experience with Finfx been? Trouble withdrawing, any requotes or downtime?
I do not here of FinFx before so I can not give advise. You have many other broker who are good, and many are in the UK, whisch is very well regulated, so have a look here.
if you want in continue to look at Switzerland brokers, who give MT4 to, maybe you need to see MIG who also have a bank license and MT4. Another is ACM, they have the ACM diferent platforms, 4, and as well the MT4 to. They are now owned by Swissquote bank who also are biggest online e-bank (they say) and let you do as well stock markets, equites etc.
Did the CFTC changes really make that much of a difference to your trading that you have to move away from a broker setup you’re comfortable with? Changing leverage to 50-1 and making some margin changes shouldn’t really have impacted those retail traders who were practicing good money management techniques. I’m not suggesting at all that you don’t. Just curious as it appears to me that you’re taking yourself out of your comfort zone for no real end gain.
Did the CFTC changes really make that much of a difference to your trading that you have to move away from a broker setup you’re comfortable with? Changing leverage to 50-1 and making some margin changes shouldn’t really have impacted those retail traders who were practicing good money management techniques. I’m not suggesting at all that you don’t. Just curious as it appears to me that you’re taking yourself out of your comfort zone for no real end gain.
the regulations have had a huge negative impact on my trading. I like to deposit only a portion of my trading capital to the brokers accounts. This new set of regulations was a manipulative blind side to the American people and should have never happened.
Its like gas prices in the USA right now are around $3.15 a gallon. Last time when they were here we all complained and fought it but then it was like we were supposed to be greatfull when it became $2.85 It is America’s way they threaten us with 10:1 so we will be greatfull with 50:1 So yea screw the cftc.
Still failing to see how having to stump up a little more cash as margin that you’re never going to need to call on if you’re placing decent stops and not being able to over-leverage yourself to hilt can impact a responsible small retail trader but I’m not going to clutter Marionette’s thread with CFTC talk.
No, they only have a beta that doesn’t really link with your live account.
But they are now offering an option that you can link your Dukascopy account with a third party MT4 provider. It is basically a MT4 bridge that you sync all your trades from MT4 to the platform.
Morning,
what’s the big deal of the platform? It does not look much different then any other. Learning a “New” platform it will take up 10 minutes of your time. The only important part would be if you can apply your indies you are used to using or not. I use Oanda platform to trade and have MB Trading MT4 demo for my visual and a view BBands. There is 1 BB I can not simulate in Oanda and that’s the only reason I have the demo running too, otherwise I would not even need MT4. As for the graph and moving the candles between the 2 brokers. I get sometimes a advantage because I can see on the demo the candle moving while it still is standing on the Oanda, “Click (Buy/Sell)” and sure enough Oanda follows.
The problem with US is more the new FIFO rule then margin. You can’t close the later trade first and keep the first still going.
Conclusion, spend the 10 minutes, learn the Ducas platform and if you really need MT4 open demo with MBTrading or Oanda, they have the MT4 in the meantime too.
Happy Trading
