Does anybody know something about ULTRA MICRO LOTs like 0.0001 Lot and SUPER MICRO LOTs like 0.001 Lot ?

gordon 2010.04.21 23:23 #1

There are a few here -> http://www.100forexbrokers.com/mini-micro-accounts-comparison.

cameo 2010.04.22 06:08 #2

don't know if they use bridge or not, but the smallest-lot broker I know offers 1 cent per pip minimum deposit 5 dollar... Great for testing :)

PS: your link is great gordon, thanks!

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Piotr 2010.04.22 07:05 #3

gordon:
There are a few here -> http://www.100forexbrokers.com/mini-micro-accounts-comparison.

Gordon, the link is OK. But the very important thing is connection and PING answer from the BROKER's transaction server.
The best when the PING reply is smaller than 70-60.
Besides of that the second thing is, if the BROKER is the Market Animator with DD or better one without DD - Have I right?

There are two types of retail brokers offering the possibility of speculation: the sale of foreign exchange brokers and market makers. Retail (individuals) are a small part of this market and may only participate indirectly through brokers and banks. Retail brokers, while largely controlled and regulated by the CFTC and NFA might be subject to foreign exchange scam. Currently, the NFA and CFTC puts stricter requirements, particularly in relation to the net amount of capitalization required of its members. As a result, many smaller brokers may be questionable and are now gone. It is not widely understood that retail brokers and market makers typically trade against their clients, and often the other side of your transactions. This can often create a potential conflict of interest and cause some unpleasant experiences some traders have had. Go to the NDD (No Dealing Desk) and STP (Straight Through Processing) has helped to resolve some of these problems and restore confidence to the trader, but caution is still recommended to ensure that everything is as it is presented. Non-bank foreign exchange companies

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gordon 2010.04.22 08:12 #4

puncher wrote >>
The best when the PING reply is smaller than 70-60.

Yes, 60-70ms latency is good enough (IMHO). The only way to check this is to ping the broker's live servers from the trading computer. You should also check it at different times of the day/week.

Besides of that the second thing is, if the BROKER is the Market Animator or BRIDGE OFFICE FOREX MARKET - Have I right?

I imagine u mean Market Maker vs. ECN/STP brokers. This is a subject of much debate. My own opinion is that there are good Market Makers and there are bad ones just as there are good ECN/STP brokers and there are bad ones. I don't think a generalization can be made.

Here is an excellent explanation of the differences between them: http://www.100forexbrokers.com/stp-ecn-brokers
There are also a few good "sticky" threads (at the top of the page) discussing the subject at 'Broker Discussion' section at ForexFactory.com -> http://www.forexfactory.com/forumdisplay.php?f=74

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Piotr 2010.04.23 19:11 #5

gordon:

Yes, 60-70ms latency is good enough (IMHO). The only way to check this is to ping the broker's live servers from the trading computer. You should also check it at different times of the day/week.

I imagine u mean Market Maker vs. ECN/STP brokers. This is a subject of much debate. My own opinion is that there are good Market Makers and there are bad ones just as there are good ECN/STP brokers and there are bad ones. I don't think a generalization can be made.

Here is an excellent explanation of the differences between them: http://www.100forexbrokers.com/stp-ecn-brokers
There are also a few good "sticky" threads (at the top of the page) discussing the subject at 'Broker Discussion' section at ForexFactory.com -> http://www.forexfactory.com/forumdisplay.php?f=74

Thank you Gordon, very good comparison. Now I'm looking for STP and NDD Broker ONLY.

Regards,

Puncher