Thinking of opening an Alpari account for spot gold

Stochastix

Newbie
7 0
I am thinking about opening an Alpari account to trade spot gold.
Does anybody have any experience or advice about Alpari.
What type of account should I sign up for?
I am tempted by the MT5 account as I started doing some programming in MQL5, and have had some success with the demo system however the market execution seems less flexible than in the other account types.

Please give me your thoughts.

Thanks in advance
 

SlowlyButSurely

Well-known member
324 38
If you are going with a market maker then in all honesty it doesn't make too much of a difference. All the major places are pretty much the same, they win off of your losses so as long as you aren't trading big size they probably won't care if you are winning.

If you are big enough to be doing size, go with a real DMA broker. You get better service and execution.

As for MT5 I have no idea, I havn't used it but as long as your strategy doesn't involve self hedging you should be fine
 

Stochastix

Newbie
7 0
I have been trading on Alpari demo systems and I noticed the lack of hedging opportunity on MT5.
On other systems, I have been able to hedge on the futures market but this is not available in the MT5 Alpari package, so this might sway me to use one of the MT4 packages.
I found a good review site
http://www.forexpeacearmy.com/public
but opinions vary wildly.
The gold market is in a state of turmoil at present, so at least I will have a bit of time to make the decision.
Thanks
 
 
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