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Forex Recommended Brokers Introduction
In this article, Forex Recommended Brokers, I’m simply listing the Forex brokers who have been reported as ‘Forex Robot’ friendly, in particular Million Dollar Pips EA friendly brokers. It goes without saying (but I’ll say it anyway) if you’ve had a different experience, then let everyone know in the comment box below. Also, if you know of other Forex Robot friendly brokers then why not share your experience.
- Remember: Trade placement speed by the broker is all-important and broker to VPS latency is secondary.
Recommended Brokers for Forex Robot EAs (Expert Advisors)
To date, Million Dollar Pips is arguably still the best commercial scalping EA (Expert Advisor) around. It’s creator William Morrison tried to create another EA to benefit those traders whose brokers either don’t allow or penalize scalping, called Fast Forex Millions, but apparently, (at the time of writing), that one isn’t stable and has been withdrawn.
Recommended Brokers for Forex Robots
This is a list of Recommended Forex Brokers for use with Robots such as Million Dollar Pips and Forex Stream.
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Go to FxPRIMUS home page or Commission 1 pip per round trade, smallest lot 0.01 pip = $0.10, Minimum Deposit USD250.00 or equivalent. |
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Go to FXOpen home page or Commission 0.25 pip per round trade, smallest lot 0.1pip = $1.00, Minimum Deposit US$1000. |
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Go to Pepperstone home page or Commission 0.25 pip per round trade, smallest lot 0.1pip = $1.00, Minimum Deposit US$1000. |
… more to follow…
I’ve hyperlinked all these, so you can just click them and sign up. I do not recommend any particular one, you have to decide upon your favourite broker yourself. I suggest the first thing you do is try their FREE practice accounts before parting with any money. They all reportedly work well with Million Dollar Pips but there’s more to a broker than just technicalities. Try the FREE practice accounts and see if you like their style.
Do take careful note of other factors like account size and, which broker is supported in your country. Small account traders may prefer to use FxPRIMUS or Pepperstone, larger account users may prefer FXOpen (probably the industry’s lowest retail trade commission).
Forex Recommended Brokers Conclusion
Well, I hope you found something useful and enjoyed this article, Forex Recommended Brokers. Don’t forget to let me have your thoughts in the comment box below. See you soon.
