Hi, looking for a broker that's best suited to scalp and allows trading in US.
In other words, criterion are:
-fast execution/high liquidity/fast order fills
-little to no restrictions on scalping (difference between current price and SL/TP, etc.)
-reduced spreads
-minimum slippage
-minimum likelihood of requotes/stop hunts/other tactics to intervene trades
-fast and reliable withdrawals/deposits/customer agency
I did some research and still can't quite figure out if ECN's or STP's are unquestionably better than market makers/dealing desk brokers, and how to know who's a market maker and who's not. I also read some people's remarks that ECN's are greatest for scalpers and that MetaTrader 4(MT4) was just dsigned for dealing desk and so ECN isn't actually compatible with MT4.
I avoid trading through news so if there is slipage/spikes or other problems mostly only during news, it shouldn't be much of a problem for me.
So far I believe following firms:
Oanda
pros: seems to be popular and low minimum deposit requirements
disadvantages: seemingly is a Marketmaker
IBFX
pros: been trading with them on demonion for quite a while
cons: marketmaker, poor NFA listing
MB trading
pros: heard great comments, low spreads
pitfalls: charges commisions
Alpari UK/US
pros: heard a lot of great comments on Alpari UK
pitfalls: heard little good comments on Alpari US and I'm in US
Dukascopy
pros: situated in Switzerland, claims to be ECN
pitfalls: in my view their platform is not quite user-friendly
FXMC
pros: asserts to be ECN, among the biggest brokers
disadvantages: heard some bad feedback
GFT
pros: seems to be among the biggest brokers
disadvantages: reduced functionality of this platform Dealbook
Iamfx
pros: low spreads, free VPS
cons: seems to be quite new to market and unfamiliar on FF, Marketmaker
FXcbs
pros: low spreads and claims to be ECN
pitfalls: website seems obsolete, utilizes MT4 despite claiming to be ECN
ACM:
pros: situated in switzerland
cons: average disperse
Fastbrokers:
pros: low spreads, asserts to be ecn
cons: did not hear much about them, charges commisions
Forex.com
pros: Profit capital is among the biggest companies
cons: heard some bad feedback
London Capital Group (LCG)
pros: gets access to currenex platform
disadvantages: uncertain account requirements, did not hear much about them
seeking to find some guie for experienced traders who had actual trading expertise with any of listed above firms or who can offer credible and not outdated feedback on those, or urge other broker.
Thank you.