Hi peeps,
Looking for some advice on SB brokers for a specific forex strategy.
I used to work in the market (LSE) back in the late eighties, traded options, bonds and stocks for private and institutional clients. Also worked in M&A. I'm therefore reasonably savvy but I split from the market after not many years and went washing dishes and working in ski resorts, travelling and general fun, etc.
For reasons I won't bore ya with I've ended up physically disabled and don't have oodles of cash, despite my promising career start
but I do have a grand spare to party in the spread betting market with (and too much time on my hands).
For two weeks I've been practicing a trading regime on the DFMarkets dummy account - I trade about five times a day using no more than 50% of the margin I'll be funding whatever account I might open.
I'm usually in and out of the market in 5 -15 minutes on each trade and making reliable daily profits I'm happy with. Occasionally I'll let a trade run longer but I'm ruthless about cutting losses.
I've decided to take the plunge and go live with this strategy but reading this thread am wondering about which SB company to go with as, from some comments herein, it seems I'd be classed as scalping and not welcomed at every door. Trying to research firms on the net seems like wading through treacle for some reason.
The DFMarkets platform has been working for me - I've yet to wade through their full T&C's to check if my trading would be acceptable to them and I've found it hard to find recent reviews/recommendations for them.
I've also looked at Alpari who offer SB accounts trading on MT4 - look OK but again need to read/wade through the full T&C's.
Does anyone have any comment on either of the above brokers please? Or, any specific recommendations of SB brokers who will not object to the kinds of trading described above?
Any helps and advice gratefully received.