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
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