Thread: Whos you favourite for live MT4 broker?

I apologize for asking such a newbie question but I have downloaded mt4, today I want to sign up with EFX, how does it connect with the platform? Unsure how this job? All I visit in the StrategyBuilderFX website is the forex.com account signup. Am I overlooking something?

Originally Posted by ;

I apologize for asking such a newbie question but I have downloaded mt4, today I would like to sign up with EFX, how does this connect with this platform? Not sure how this job? All I see in the StrategyBuilderFX site is your forex.com account signup. Am I missing something?

To make sure that you are connected to a particular broker you will need to download the platform from their site only. For instance if you want to utilize EFX you have to download MT4 from EFX site.

I am using FXDD just for a little while today. Each of the technology works... all the time. Occassionally the feed cuts out... its not my link... but it generally comes back in a couple of seconds. I had a little trouble getting my accout setup right and it cost me some cash in spreads on trades I had to exit. But... for now... I am sticking with them since after I contacted every one of the brokers recommended by FF, just a number of these had feeds for MT4.

Frankly, I am not really pleased with some of these. I've attempted IBFX, FXDD, CFG Trader and CoesFX all on a live account. CoesFX was, definitely, the best of this bunch. However, the business is too shaky for me to trust my money with them . I am thinking that most MT4 brokers are greatest when trading high time frames.

I've discovered some interesting things about FXLQ, however, the creator has quite a history with the CFTC and NFA, which, makes me nervous.

IBFX, you can even get a debit card attached to your trading account

Originally Posted by ;

IBFX, you can also receive a debit card attached to your trading account

This only goes to show how efficient they can be in getting retailers to play more and lose quicker. 3 pips is far too high for me personally unless the egy is 15min chart or higher.

Originally Posted by ;

This goes to show how effective they have been in getting retailers to perform more and lose quicker. 3 pips is far too high for me personally unless the egy is 15min chart or greater.

Seems like your trading egy is what most brokers would call ? (not necessarilly welcome in all places)

Originally Posted by ;

I'm not attempting to argue against or in favor in any event. However, I really did want to clear up the misconception that it's legal to not pay taxes on earnings by the Swiss brokerage account. Rest assured, if you are ever audited by the IRS and they view your fat bank accounts with this new BMW you bought and you haven't reported any earnings in the past couple years, then they'll find out where the cash is coming from. Or, possibly, I'm only a tad bit paranoid.

I think that people must realise that for many years now any transaction over USD10,000 has always been reported to FBI, therefore if they want to trace it they'll. Since the problems that occured a few years back with money laundering and terrorism, I think that you will discover that even smaller transaction are audited by some goverment body, even when they won't admint into it.

Originally Posted by ;

I believe that individuals must realise that for years now any trade on USD10,000 has always been reported to FBI, therefore if they wish to trace it they'll. Since the issues that occured a couple of years ago with money laundering and terrorism, I believe that you will find that even smaller trade are audited by some goverment body, even when they won't admint to it.

That can be true also I heard that the u.s. govermant has lower that trade to $3000 since 911 so if you draw 3,000 in cash from your bank they need to report that immediately. Also if you do this severeal times per week do not be surprise if you get a knock on your door. Friend of mines told me that he knew a guy who took out $10,000 in cash 3 times per week and got a call in the f.b.i asking him was that he ok thay wanted to make sure that he wasn't being force to withdraw money he has no taxation issues and had no history of this type of withdrawl that is why they was checking. Thats exactly what they say. So that goes to tell you they track all bank accounts.

MIG is the very best MT4 based broker: quite tight spreads, Swiss (no tax), excellent customer service.