Hi All,
I am somewhat new to forex, I have not opened a live account but have done some back testing with Historical data. I am looking for recommendations for a good broker that supports a trading platform that has an API who also supports a mini account, and an unlimited demo account. I have been having some difficulty finding a good place to test with live data and put my money.
Thank you
Dave
InterbankFX? maybe meets all of your requirements. Check out their site.
Thanks for the reply mytwopips!,
After your post I looked more closely than I had previously at MetaTrader and the MQL language. Although powerful it does not quite fit my needs. I am working on an Artificial Neural Network app and need a full an API (Application Programming Interface). I use Object oriented programming for this.
I have looked around and most brokers that offer this have a high cost involved.
The first does not offer charts and the second has issues with maintaining a connection to there Servers and has earned a bad rep for it.
Deltastock (Forex Trading, Currency Trading, FX, Bulgarian stocks � DeltaStock Inc.) will satify your needs.
For a full review of this broker take a look at the ‘Rate My Broker’ threads and you will find all of the information that I have posted on them over there (search for ‘Delta Stock’ and / or ‘Deltastock’ i.e. I THINK I misspelled their name back then)!!! The platform is written in Visual Basic. Further information on the API can be found here: Deltastock Inc.
(I am an Introducing Broker for Deltastock so if you DO open a live account with them then PLEASE DO mention ‘Dale Paterson’ i.e. that’s me as the IB and then I earn commission FROM THEM i.e. does not come out of your pocket and does not affect spreads offered to you or anything like that so PLEASE i.e. it’d be a nice thought). Of course if you don’t then no big deal BUT you cannot blame a guy for trying to get ahead!!! Yeh I know: cheap shot!!!
On the other hand I DO provide first line support on the trading platform (to my clients of course) so I can help you there if necessary (there are a few ‘oddities’ that I’m not even sure that THEY are aware of i.e. just little things I have done to make MY life easier). I have not bothered with the API other than taken a cursory look. I CAN, however, vouch for the platform itself, the reliability of the broker, their data feeds, and their customer service (which is ‘top notch’ by the way). Not that you would need any of this (by the sounds of things anyway) but I do ALSO have various indicators and trading systems that are supplied to my clients at no charge. For details of THESE (if you’re interested in any of this of course) then DO take a look at Online Forex Brokers and Traders South Africa - Fintrans Transport and Investments (Pty) Ltd.
By the way: you don’t have to take MY word for any of this i.e. there is always 'good ‘ol’ forexbastards.com (Forex Trading System with Forex Signals and Broker Reviews) for what it’s worth i.e. they have some very positive ratings over there (mine included of course)!!!
AND AS IF ALL THAT IS NOT ENOUGH then, if you’re satisfied, and you think that the API is ‘good for you’ then you need to contact me as well BECAUSE I am currently ‘toying with the idea’ of ‘automating’ some of Wilder’s trading systems and if you’re good at this sort of thing then maybe we can come to some sort of arrangement i.e. it saves ME from having to ‘reinvent the wheel’ as it were i.e. I have no interest in ‘mastering’ the API at this stage (unless I absolutely HAVE to of course)!!!
People are recommending really bizarre brokers as recommendations to newbie FX traders. Bulgaria?
Not just newbies, but we need to stick with well known, well established, well recognized, well regulated, and highly visible firms that is well known by everyone; including fellow traders as well as the big institutions.
Look for the top 5, then pick one from there. Why would anyone pick a Bulgarian firm unless you lived 2 blocks away from their office? Even then, I would question that recommendation.
Having said that, my recommendation? Best for any size trades and with API programming. And a big, established, reputable name to boot!
I read that they had an API and thought it might be independent from MQL. I didn’t read it in depth, but normally an API protocal would be just calls sent to and from the server regardless of language. I guess when they state “API”, they mean you can use ea’s in Meta Trador. Nothing special about that.
Good morning,
My intention here is to NOT cause a ‘riot’ BUT I DO take exception to the post from ‘iLuvCris’ with regard to Deltastock and Bulgaria.
First of all you need to understand that I am NOT recommending Deltastock BECAUSE I am an IB for them as this IB arrangement was ONLY made just over a month ago (AND it’s not the only broker I am an IB for but the ‘thread starter’ was looking for a broker that provided an OOP API which Delta does provide) i.e. I’ve been trading with them LIVE for well over a year now WITHOUT receiving any commissions from them and have recommended them to quite a few people who are now trading with them and are extremely satisfied. Secondly my intention with my recommendation (as is the case with anything and everything else I post on this site) is to try and HELP new traders and NOT to ‘lead them down the garden path’ and I would most certainly not recommend a broker to ANYONE if I thought for one minute that the broker was dishonest or unreliable EVEN IF I was earning commission from the broker as believe me the commission does not amount to much and is NOT my source of income I can assure you. Aside from all of this it MAY interest you to know that if you live in the USA your choices of broker are limited i.e. USA residents CANNOT open accounts with brokers IN THE USA unless certain minimum requirements ON THE PART OF THE CLIENT are met (and for the most part those minimum requirements ‘equate’ to a certain amount of ‘nett worth’ etc. and I figure that because the ‘thread starter’ is looking to open a micro or mini account this is not the case). As far as ‘BIG’ firms are concerned I hate to be the one to tell you that this is NO guaranteee of ANYTHING i.e. I had an account with Tradex Swiss AG which was a ‘BIG’ and ‘highly recommended’ firm. Well Tradex Swiss AG are out of business and clients lost money (myself included although not much but that was due to sheer ‘luck’ on my part and nothing else i.e. it COULD have been ‘LOADS’). You may ALSO be living in a bit of a ‘dream world’ my friend i.e. if you want the ‘real deal’ type of broker like TradeStation Securities (at very least) you’re looking at LOADS of capital and NOT micro or mini accounts. FXCM so wonderful??? No dealing desk (as advertised)??? Go and read their ‘fine print’ my friend. They can AT ANY TIME THAT THEY SEE FIT change your account from ‘no dealing desk’ to ‘dealing desk’. I cannot understand why NOBODY seems to get the fact that when you’re looking to open a micro or mini account and trade mico or mini lots that you THINK you’re ‘in the game for real’ ESPECIALLY when it comes to this well advertised ‘no dealing desk’ ‘direct bank feed’ nonsense. You go and ask to open a micro or mini account with a TRUE NON DEALING DESK BROKER and see what happens??? They’ll laugh you out of the door my friend. Do you think for ONE MINUTE that the banks actually WANT or ALLOW a ‘gazillion’ little trades of $5 clogging up their networks??? Now I don’t know if you’re an experienced trader and just new to this site or what but I’m betting you’re new to this ‘game’ as well as being new to this site so I’d suggest that before making statements ‘of fact’ as it were that you ‘do your homework’. Now I don’t care whether the ‘thread starter’ opens an account at Deltastock, FXCM, Oanda, or anybody else i.e. I was just giving my recommendation based on what the ‘thread starter’ was asking. Give your OPINION by all means (that’s what this site is for) BUT DO NOT ‘judge’ a broker based purely on location. My MAIN (and very first) account is at GCI Financial and they are in Belize and I assure you that I’m not trading micro or mini lots. I’d LOVE to your ‘rating’ of GCI because they’re in Belize??? It MAY interest you to know that they are one of the ‘oldest’ online brokers around AND in my opinion probably one of the best NO MATTER WHAT nonsense a bunch of new traders that have lost money post on the Internet ‘b*tch sites’ because they did not know what they were doing and decided to blame GCI for their losses (because an order was ‘slipped’ 3 pips)!!! Been there, done it, blamed them in the beginning, but nearly two years later have realised that they had NOTHING to do with the losses that I incurred!!! And the ONLY reason I did NOT recommend GCI is purely because they do NOT offer and OOP API!!!
You really do type a lot of crap without saying much of substance and you make a ton of assumptions about everything.
I do judge a broker by their location. Bulgaria?
All you do is come on here and talk about crap most people in here have no interest in. Just because you feel what you are peddling has any meaning doesn’t mean that it does. You are peddling stuff aren’t you? I don’t see anyone else peddling stuff but you do constantly with every post.
Bulgarian firm is your recommendation? So, I suppose you are an expert because you parade on this forum with some forum title? That’s really laughable.
Bottom line is that you peddle; not offer any usable advice.
Most people are in here looking for Forex advice and have to deal with the IRS . And they aren’t looking to trade stocks and commodities using some firm located in Bulgaria.
When you can post something without peddling and offer some solid advice to people, then perhaps you can call yourself as some expert.
It really takes very little to see someone’s true colors on a given forum. Oh, so you are the expert eh? Why? Because you can make a boatload of assumptions and really not much more?
Also, I didn’t say anything about that little firm in Belize but once again, Belize is highly overrated. It makes me laugh out loud when I see newbies and expert wannabes concentrate on “offshore” this and “offshore” that when they don’t even know the first thing about investing. Then the next thing on their mind is tax evasion and going offshore.
Please, state some usable information without peddling your basically worthless firms you constantly and insistently recommend. They are of no use to majority of people on this forum. They are just too nice to reply it to you constantly.
And do you think anyone cares what you are trading? Now you are bragging? haha. Unbelievable. So you are some bigshot expert trader with huge balance? And all you can do is post linke, peddle, insult people, make assumptions and brag? We all know who brags online and live on forums don’t we? That’s right. Losers.
Bulgaria, South Africa, and Belize? Please. And one seriously needs to question someone actually recommending GCI Financial as the best available. All you guys need to do is Google it and see just how lousy they are and have been for most people. If you actually reommended something of value, people may keep their mouth shut regarding your drivelous comments but that’s all you do. Post links and talk about your lousy firms. I got news for you, GCI Financial sucks.
Well good morning,
Seems like I’ve ‘stepped on some toes’ (touched a nerve maybe)???
Let me tell you something 'buddy ‘ol pal’: very seldom have I ‘peddled’ anything on this or any other site. I spend a great deal of time maintaining threads on this site and my intention is to try and help new traders to succeed and avoid some of the pitfalls of this business that I have encountered along the way and which have cost me a lot of money in the past (and I can assure you that I don’t need a bit of lousy brokers commission to ‘make ends meet’). But then you’d know all of this after reading all the threads on this site wouldn’t you???
As far as brokers are concerned: I’ve been trading with both brokers for well over a year now and I’ve never had a problem with either of them. What am I supposed to do: tell everyone that they ‘crummy’ brokers because everyone else says so??? To keep the likes of someone like you happy??? I’m telling it ‘like it is’ for me!!! I don’t care whether you or anyone else opens accounts with them or not i.e. your problem, your money, your profit and loss. I was, however, answering the thread starters question to the best of my ability (without looking it up on the Internet could you tell us what ‘OOP’ actually stands for and what the thread starter was looking for i.e. I notice it did not come up in your ‘broker recommendations’)???
I’ve seen people with your attitude come and go and I’ll tell you something for nothing ‘my little friend’: it’s people like you that the market will hit the hardest.
Good trading ‘pal’. When the market has ‘fed you your are on a plate’ don’t worry about it because there will always be someone around like me (us) to help you out of the 'sht’ (of course only if you open an account and specify me as the Introducing Broker)!!!
To iLuvCris :
I take great exception to your derogatory comments about Dale Paterson. He has the highest ranking on this forum because he has contributed an enormous amount of material. I have seen him post here for a very long time and he is well known and highly respected on this forum.
By contrast you have only 9 posts and are not yet even rated as a newbie.
So show some respect. :mad: :mad:
You are bordering on flaming.
Furthermore, what is wrong with Bulgaria? You are being racist. :mad: :mad:
Dale’s recommendation’s are to be trusted.
Dave74 wanted a broker with very specific requirements. Dale has made a suggestion.
You on the other hand, have given no information - maybe because you don’t know.
I strongly suggest to you that you keep your loud comments to yourself until you build a reputation on this forum as a useful contributor. Then people will know who you are and respect you views.
Hey tymen1,
Thanks for the support and the reply to ‘my new friend’.
I didn’t know I was ‘respected’ (let alone ‘highly’) but thanks for letting me know!!! I PROMISE I won’t let it go to my head!!!
No worries Dale. You, like Rhodytrader and Tonymand, are much more knowledgeable than I am.
We do not need these character assassinations on this forum from newbies who simply do not know about the amount of work that is put in after so many postings.
Wow, that’s quite an assumption in itself :eek:
Ya’d think before some 1200 plus posts later, someone woulda said something about it by now and put an end to it before we had to suffer through them all :rolleyes:
I TOTALLY disagree with your character analysis of dpaterso (Dale) and if that’s any indicator of your thinking, perhaps chart anaylsis isn’t one of your for-tays either. At least he’s putting his money where his mouth is, and as far as I’m concerned, you’ve basically just described yourself in your ignorance.
So lighten up and grab a sense of humor or push off :eek: …oooh look at me…I’m being so assertive …sweet 