Has anyone tried any of these and would you recommend any of them? I have done plenty of searching online and was hoping i could get some feedback from traders who have tried them? Im tending towards gomarkets and pepperstone from Australia…
Cheers
I’m not sure on the others, but if you plan on trading using MT4, I would certainly not use MBTrading. Their rollover time is excessive (in addition to the platfrom completely losing connection during roll over instead of just prohibiting you from placing trades), and their lot size calculation is a bit awkward (1.0 = 1 mini instead of a standard size lot). The lot size issue can cause some angst, especially if you plan on using EAs to place trades at all.
Hopefully this helps. Good luck in your search!
I like MBTrading very much and I use the mt4 platform. I believe if you fund a small acct then micro and mini will be the lot sizes but best to ask them, they have a toll free number.
Although what TTD said is true. I do like the spreads they offer and the commisions are not bad at all. They are a true ECN, which typically means that they are not betting on the other side of your trades. So you don’t have to worry about them manipulating the spreads on you. Additionally, you don’t have to worry about requotes or slippage as much as you would with other brokers, [market makers/Dealing desks].
my two cents,
fi
I wouldn’t use Hymarkets. Way back I had an account with them and had a big loss on the account that didn’t show up on the chart. After much rangling they admitted a back office error and refunded the money to my account… but I could not withdraw it, only use it for trading. Still in there I would imagine? Wouldn’t know as I will NEVER use them again!
If I’d have to switch I’d switch to MBTrading. Afaik a nice broker. That with lot size is actually something you have to find out with every broker before you place a trade. Regarding EAs, you should be able to adapt that with settings.
I trade with Pepperstone - Personally I wouldn’t trade with any other broker. Their service is rock solid, unlike MB trading who I traded with for years until I got sick of their constant system downtime.
Pepperstone have fantastic customer service and the spreads on their Razor account are better than Go Markets, HY Markets, and MB Trading which is useful if you are trading scalping strategies like me.
I dont mean to be blunt and to the point but personally I would no trade with any of there brokers except MB Trading… MBT are the only ECN broker out of the 3 mentioned, Pepperstone is a whitelabel of Axitrader and HY Markets a mainly a spread betting company.
Of course as always I dont endorse any one broker, the choice is yours… these are just the facts.
Hi
I use pepperstone and have had no issues so far. Quick execution, no slippage, all round they have been pretty good.
Cheers