Hello does anybody know MT4 Broker that let arbitrage </b>trading?
I expect so but it can happen. And it did happen to me, I had an EA it had trades and was proftable and FIG FX claimed that it would be an EA that is illegal.
And another point is that they didn't notify me, that they just shut down my account.
Well that's a great point given the huge majority of traders eliminate money anyway, whether using the EA or.Originally Posted by ;
However from an overall standpoint, 2-3 decades ago, I heard of lot of stories from different traders about being kicked out from brokers because they were too profitable, but that I seldom hear that today.
As I was saying it is a lot more common today for brokers to use different techniques to get YOU to depart rather than shutting you down. I guess the principle is the same, it is just the methods are different, as it is bad media to get a broker to do something as blatant as kicking someone out...
Arbitrage is Hopeless for Retail Traders.
Transaction Price are to high, Excecution to slow, Position Sizing way to unflexible with MT4 etc
Not arbitrage, I have an account with FIG FX and used a trading egy but they assert it would be arbitrage trading and this would be illegal and so they closed down my account.
Any of the ECN brokers with MT4 would be nice given your definition of arbitrage trading. ATC Brokers, MB Trading, PFG for example. But it is rare for any broker to close you down for anything.Originally Posted by ;
I've an FXDD account (definitely a bucketshop and MT4), and that I scalp the heck out of it, never an issue. Of course they are not ideal for that kind of trading, but only making the point that your experience was probably an exception, not the norm.
You'll find it is actually quite common practice. All in their tcs. . .the Remainder of the crap that ECNs say is just marketing hype; contradictory to their real terms
if they can't mimic the EA's logic themselves to exchange your rankings before you get them, they pull the plug on all your practice
I think it used to be rather common, but is pretty rare now. When a broker wants you out, there are lots of things they can do in order to eliminate you rather than shutting down your account. Like placing you on execution for example.Originally Posted by ;
The sole instance of this I have heard of recently was approximately 18 months ago when ODL closed down accounts that were using FAP Turbo. I'm sure half the threads here would be from people complaining about that, if this was a really common practice. Yes, it could occur, but really common? Not actually...
I think you may find that if effective automated trading was 'very common' you would get a picture. Fact is, It's Very infrequent in relation to the majority of manual trading That's discussed here
you stating 'half the threads on here would be talking about it' is actually quite worrying if you take the time to understand what You're trying to talk about