Looking for a SB broker that offers Indices futures on MT4

Excelentj

Junior member
25 0
Hi Guys,

Since Alpari collapsed I'm looking for a new broker. Anyone know any SB's that cover the below requirements? :

- Must use MT4
- Don't mind if they're futures
- Trade FTSE100, DJIA and S&P with a minimum of 10p per pip

Thanks,!
 

leemo

Member
57 6
Intertraderdirect has a 1 point spread on US30 (day session) and has ECN/STP processing for spreadbetting. Seem pretty good so far and MT4 as well
 

gle101

Veteren member
3,717 84
Intertraderdirect has a 1 point spread on US30 (day session) and has ECN/STP processing for spreadbetting. Seem pretty good so far and MT4 as well
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.
 

leemo

Member
57 6
I have an MT4 demo at the moment. Seems good so far. No 0.5 fractions. I received an email yesterday telling me they were not affected by last weeks turmoil and it's business as usual as they do straight through processing
 

gle101

Veteren member
3,717 84
I have an MT4 demo at the moment. Seems good so far. No 0.5 fractions. I received an email yesterday telling me they were not affected by last weeks turmoil and it's business as usual as they do straight through processing
Ok, no fractions which is good, thanks a lot.
 

gle101

Veteren member
3,717 84
I have an MT4 demo at the moment. Seems good so far. No 0.5 fractions. I received an email yesterday telling me they were not affected by last weeks turmoil and it's business as usual as they do straight through processing
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.
 
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leemo

Member
57 6
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.

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.
 

gle101

Veteren member
3,717 84
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.
 

leemo

Member
57 6
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.
 

Pat494

Legendary member
14,490 1,540
I was looking at IronFx. Seems ok but they are Cyprus/Greece based. If the socialists get into Greece today as looks likely what would happen if they left the euro ?
 

leemo

Member
57 6
I was looking at IronFx. Seems ok but they are Cyprus/Greece based. If the socialists get into Greece today as looks likely what would happen if they left the euro ?

They seem interesting, but I don't think you can trade US30 through a spread betting account with them.
 

gle101

Veteren member
3,717 84
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.
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.
 
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