Originally posted by VVX565
Good idea to start the weekend chart and chat thread
@h00ts@Owenb79@5speed and any other experienced Indices traders out there
Does anyone have an opinion about using Pepperstone ? over say IG/ IC/ Easy Markets for example
They all seem to have varying pro's and con's but not too drastically different, I've noticed none of the comparison sites I've looked at talk about margin, they only talk about spread, is margin important, I thought it would be for frequent traders ??
I think I'm pretty much across most of a traders daily broker/ platform requirements in the basics like ECN, STP, Guaranteed stops and speed of execution and so on
Thinking my choice of broker might just come down to platform reliability/ accurate data/ good service and my money being held in safe hands.... if that even exists anymore
Do any of you use Ctrader instead MT4, detaching charts would be nice I suppose
Sorry for so many questions
I have enjoyed the past week hanging around here reading all your posts trying to learn this caper
Happy Weekend to all
I dont like the peperstone feed. Very poor liquidity providers. They offer 24hr trade on EUR markets like the FTSE but the spreads can be huge from 00:00 till they open so you cant use stops. You are better to use a broker that closes during the Asian session for EUR markets and is not open during 00:00 server time when liquidity is thin. Market makers like IG are a lot smoother during that time they have full control of the quote. Some liquidity spikes can be 50-100 pips especially on the DAX. Take you out then retrace the whole lot and re open flat. IC markets is the same. There are other issues like speed to process. I have had broker spies on both and some trades will take seconds to close like 30 or 40. I know what the problem is with IC the server is crap. They wont provide errors and when you jam the server with orders the default is to give the error too many requests which is a 30 sec timeout on order instructions. So if you have a robot that sends instructions and will try every 250ms to send an order and will try 10 times it will time out.
There are not many out there that are good for index trading most brokers just attract FX traders they trade more often make more money in spreads.
You can have a look at the Pepperstone web feed for mt4 without downloading anything same as mt4. Where is this bar? See something like this. Run for the hills.
(20min delay)