FOREX QUANT

December 7, 2007

Bigger New MT4 Brokers

Filed under: Uncategorized — by TraderMade @ 5:41 pm
Tags: , ,



After the upside-down in the Metatrader brokerage business following the new regulation regarding minimal capital requirement of FCM took place, bigger corporations have started to adopt MT4. Perhaps they start to realize the magnet of MT4 in attracting a significant portion of the retail trader customers.

Among several big names we know who adopt MT4 are FXCM and RCG (Rosenthal Collins Group). FXCM is still planning on this move, it is said to be ready in 2008, if there is enough interest in it.

Meanwhile, we’ve been demoing RCG’s MT4 for several days now. They have a sub-pips spread. As we can see here in the tick chart screen shot below, EUR/USD was traded with a sub-2 pips spread during London/European session:

This information below is taken from tradeviewforex’s website:

  • Recently ranked by Futures magazine as #21 out of the top 50 brokers in the world
  • Second largest independent FCM
  • $46 million of net capital
  • $735 million in customer assets, 20,000 accounts, assets over 4 billion
  • Can trace its roots back to 1923
  • Online accounts: streamlined setup, don’t necessarily need to provide license or utility bill, approval within 24 hours, all money transfers will be in customers account by end of day (typical time is 24-48 hours) enabling trading to begin immediately.
  • 15 offices worldwide
  • 24 hour trading support
  • Straight pass through for unprecedented trade execution
  • Three options for accounts: Tighter spreads, higher interest, or straight through processing
  • Utilizes familiar MetaTrader 4 software
  • You want to place your hard-earned money with a stable, well-capitalized brokerage firm. We have been around for over 80 years, and our financial standing is only getting stronger. Over the past two years, our Customer Funds increased by an astounding 63%. For more information on our solid financial record, see our 2006 financial statements.

But still, we’re looking for a UK-based MT4 broker now.

(*)

10 Comments »

  1. RCG Trade View is bay far the best thing to happen to MT4 now we really have a world-class broker to work with our EA’s

    Comment by X IBFX Clint — January 15, 2008 @ 2:36 am |Reply

  2. 4 your info RCG has a offices and FX trading desk in UK as well,,

    http://biz.yahoo.com/ic/110/110415.html

    Comment by X IBFX Clint — January 18, 2008 @ 10:58 am |Reply

  3. Full list of RCG Regulators:

    Rosenthal Collins Group, LLC
    The Chicago Mercantile Exchange
    The National Futures Association
    The Commodity Futures Trading Commission
    Rosenthal Global Securities, LLC
    The National Association of Securities Dealers
    The Securities and Exchange Commission
    Rosenthal Collins Foreign Exchange Ltd.
    The Financial Services Authority (U.K.)
    Rosenthal Collins Equities, LLC
    The Chicago Stock Exchange
    The Securities and Exchange Commission

    Comment by X IBFX Clint — January 18, 2008 @ 11:04 am |Reply

  4. thanks for the info. keep them coming🙂

    Comment by darma — January 18, 2008 @ 12:14 pm |Reply

  5. #1) “Three options for accounts: Tighter spreads, higher interest, or straight through processing.”

    What does the above mean? Is it one or the other? The demo account shows a 2.5(+) pip spread on Euro/USD.

    #2) Full list of RCG Regulators:
    ……..The National Association of Securities Dealers
    The Securities and Exchange Commission
    Rosenthal Collins Foreign Exchange Ltd.
    The Financial Services Authority (U.K.)
    Rosenthal Collins Equities, LLC……

    Just because RCG is regulated by the SEC (which it is because it is a “securities” house) does not mean that tradeviewforec.com is likewise regulated. ????

    Thanks to Anyone Who Has More Info.

    Comment by Martin — February 22, 2008 @ 3:22 pm |Reply

  6. My broker gives 1 pip eur/usd, usd/jpy and 2 pips gbp/usd for example.

    Comment by Russell — April 12, 2008 @ 2:06 pm |Reply

  7. Does RCG even let you use META Trader as a trading platform? I called nd they said they didn’t.. whats up with that?

    jim

    Comment by james — May 22, 2008 @ 11:54 am |Reply

  8. wow, FXCM is using meta trader.

    Comment by knoppixgold — June 17, 2008 @ 10:38 am |Reply

  9. unfortunately FXCM as of now still has MT4 in beta phase to resolve some technical issues with their system

    Comment by mike — June 21, 2008 @ 5:44 am |Reply

  10. FOREX is easy job to do. But it takes more than knowledge to be victorious. Trading Psychology is most people miss look at.

    Comment by Moneyceo — July 31, 2008 @ 9:16 pm |Reply


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