discussion on brokers, order execution, order automation and everything broker-related
10 posts • Page 1 of 1
coolheat320 wrote:Hi, I was hoping someone could recommend a Broker for me? I'm looking at scalping the Forex markets, so I need a very low spread. I'm based in the UK.
Thanks for your time
MB Trading is the one.
They're ECN. Although they are the counterparty, they don't trade against you (well at least not against me, I use them too).
TRO is an IB to MB Trading.
I highly recommend them. Don't fool yourself because of the commission (as some people do). Spreads are low. These guys are the dogs bollocks
I haven't come across weird things that you hear from others, e.g. communication stops during news (Alpari).
When signing up through TRO as an IB you will get some nice wannahaves and I'm not talking about T-shirts but about stuff that can actually earn you money. Unfortunately I can't tell what it is, seriously hush-hush secret stuff under non-disclosure. That's the deal so I won't answer any PM inquiries about that, sorry
Seriously: I would seriously consider this if I were you. Really.
Good luck with your choice.
GrnFx wrote:What is the min. deposit for MBT by using TRO as IB? By the way what is IB stand for?
IB = Introducing Broker. When signing up at MBT you can fill in a form of some kind. Also send an email to TRO that you've reported him as IB so he can follow things up.
I believe the minimum is 400$ however you better check their website; it's there somewhere.