Building Automated Trading Strategies October 2018 | Page 54

3. Latency of Servers When the servers of a Forex broker are located in the same data center as its liquidity provider, execution delays are minimized, and traders get the best fills. Professional algorithmic traders give extra weight in their broker’s server location. Table-3: Forex Brokers (Allowing Auto-Trading & Scalping) ECN/STP BROKER FEATURES FUNDING ACCOUNTS □ $200 minimum ■ MT4/MT5 & account cTrader » IC MARKETS ACCOUNTS REGULATION: □ ASIC Australia (No. 335692) CORPORATE INFO: • IC Markets foundation in 2009 (domiciled in Australia) • Segregation via two Tier- 1 Australian Banks Very tight spreads and trade commissions. Fund ■ A wide Forex FUND METHODS: your account via Skrill, asset index, and • Credit Cards Paypal, and Bitcoin. Free Crypto assets • Bank Wire VPS for auto-traders ■ Spread as low as • Skrill 0.1 pip plus $7.0 • WebMoney round commissions • Paypal ■ PAMM Accounts • Neteller Review Broker: ■ FIX/API Trading • Qiwi ► Review IC Markets ■ Free VPS • FasaPay ■ Low deposit • Bitcoin ► Visit IC Markets requirements for true ECN trading COMPENSATION: -NO □ $5 minimum ■ MT4/MT5 » XM ACCOUNTS REGULATION: □ CySEC, ASIC, FCA UK CORPORATE INFO: • XM foundation account ■ Wide Asset Index A wide asset index and a great variety of platforms ■ CFDs on Futures Bonuses: only for ■ Multilingual non-Europeans and other trade options. ► Visit XM support ■ Low deposit FUND METHODS: requirements for • Credit Cards Review Broker: true ECN • Bank Wire ► Review XM 54 / 64 « B u i l d i n g A u t o m a t e d T r a d i n g S t r a t e g i e s »