Looking for a SB broker that offers Indices futures on MT4
What about trade rejections or re-quotes on the US30? Do they have fractions (0.50) of a point? How is the execution speed, it was not good a couple of years ago, this might not be the case today.
Ok, no fractions which is good, thanks a lot.
I did check out the MT4 demo at Intertraderdirect, you said they have no fraction of a point trading the US30 (US session), but what I can se they use 0.5 fraction of a point, actually 2 points ticks which is not so good as it first seems to be.
Last edited:
Apologies. You are correct. I have been distracted this week and not even looked at a chart.
I will test them out this coming week.
Thank you, it is ok, in fact my english was not correct in my last post, it should be 2 ticks at times in a point. The only MT4 that I have found that uses 1 point on the Dow without fractions is ETX. ActivTrades have on their MT5 platform variabel spread that follows the YM future (mostly 2 point spread without fractions) which is quite good as well, if not even better than ETX. I trade with both companies.
I've traded YM through a US futures DMA broker and the spread is 1 or 2 ticks.
ES has a tight 1 tick spread through futures DMA brokers but usually has a 4 tick spread with brokers in the UK and Europe (US500).
I believe ETX is a dealing desk broker which makes me want to avoid them. I usually trade US30/YM with a 30-35 tick stop so 2 tick spread may not be too damaging.
They seem interesting, but I don't think you can trade US30 through a spread betting account with them.
Yes correct, but not many SB around that isn't a market maker.
If you are used to trading the futures I would go with a broker that follows the futures, one can't expect it to be 100% but close to it. ActivTrades gives you 0.50 spread (2x0.25) on the ES and 2-3 point spread on the YM. Still you are dealing with a market maker and not all is perfect.
I don't think that is the case.
Yes correct, but not many SB around that isn't a market maker.
If you are used to trading the futures I would go with a broker that follows the futures, one can't expect it to be 100% but close to it. ActivTrades gives you 0.50 spread (2x0.25) on the ES and 2-3 point spread on the YM. Still you are dealing with a market maker and not all is perfect.
Thanks, I'll take a look at ActivTrades. Maybe I'm asking for too much
Gadgetman
Active member
- Messages
- 184
- Likes
- 1
Don't use them if you're scalping. I had to switch from them as although, at the time, their website stated they welcomed scalping, it got to a point where my trades were taking over 20 seconds to be filled.
When I contacted them their approach was to treat me as if they'd found me on the sole of their shoe because, shock horror, I was a scalper!
I'm convinced they used Virtual Dealer. Cost me thousands, switched to FXCM and they were great for a couple of years, until last week. But that's another story...
I scalp the FTSE. Considering IG Index, also looking at ETX Capital. IG £2.2bn market capitalisation, ETX private limited company. So IG for the fact they won't necessarily be affected by turbulence, as FXCM have been, but a 1.3 spread v ETX 1.0.
Last edited:
Have a look at Oanda, extremly fast platform (not their MT4). ETX is ok, fast execution but you will get trade rejections in a extreme volatile market and look out for slippage on a point now and then. Trading DAX with them is just a waste of time, but I think you'll be fine with FTSE.
timsk
Legendary member
- Messages
- 8,716
- Likes
- 3,418
Hi gle101,
Would you care to elaborate on this please, as I'm not clear why you think it's okay to trade the FTSE with ETX - but not the Dax?
Tim.
