best broker for MT4?

[roughbert]

I recently started playing (in a demo account) with MT4.

What a great piece of software.

With IG, MT4 accounts have higher margin than their own web UI. Is this a general phenomenom, or does someone else offer a better deal? Having £300-400 frozen for every position at £1 a pip seems a bit hard.

Why do they do this, BTW?

 

[afx-corp]

i can recommend you tickmill and fibo

 

[roughbert]

Thanks afx-corp!

 

[roughbert]

With IG, MT4 accounts have higher margin than their own web UI. Is this a general phenomenom, or does someone else offer a better deal? Having £300-400 frozen for every position at £1 a pip seems a bit hard.

Why do they do this, BTW?

The answer is here, should anyone give a damn: https://community.ig.com/t5/Suggestions/Margin-requirements-on-MT4/td-p/12800

 

[roughbert]

So how does a 500% margin compare across brokers using MT4? It seems a trifle high to me.

That's tying up £500 for a £1 stake bet, irrespective of where I place stop loss.

 

[Pat494]

£1 per pip is too high for the small account.
There are plenty of brokers who offer £0.01 per pip.

 

[Pat494]

While accessing Tickmill I got a red screen warning notice !

 

[Pat494]

Anyone tried XM brokers ?
Recommended by forex factory site

Tickmill are not interested in small players and refuse your reg attempt.

 

[gerryg]

So how does a 500% margin compare across brokers using MT4? It seems a trifle high to me.

That's tying up £500 for a £1 stake bet, irrespective of where I place stop loss.

Are you talking about leverage? Tickmill that was mentioned above or Нotforex offer from 1:50 to 1:500 leverage, plus you can manage risk setting lot size from 0.01 to several tens of lots.

 

[Pat494]

Are you talking about leverage? Tickmill that was mentioned above or Нotforex offer from 1:50 to 1:500 leverage, plus you can manage risk setting lot size from 0.01 to several tens of lots.

You have misunderstood me.
I meant if you deposit £500 you get a bonus added to your account of 50% i.e.£250 to make it £750 plus £20 = £770
The broker is called XM and registered in London.
It does micro accounts and more items than usual.

 

[bigmistake]

MT4 is the trading platform, the best broker should have near server to provide you fast-execution.

 

[progix]

I am using more than one broker at the moment however all of them have MT4 and i like trading on such platform because they are secure, easy to trade and convenient too.