best broker for MT4?

Sep 18, 2008
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#1
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?
 
Sep 18, 2008
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#4
Sep 18, 2008
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#5
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.
 
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Pat494

Well-known member
Mar 27, 2004
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#6
£1 per pip is too high for the small account.
There are plenty of brokers who offer £0.01 per pip.
 

Pat494

Well-known member
Mar 27, 2004
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#8
Anyone tried XM brokers ?
Recommended by forex factory site

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

gerryg

Active member
Sep 9, 2013
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#9
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

Well-known member
Mar 27, 2004
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#10
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.
 
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progix

Active member
Feb 25, 2016
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#12
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.