I'm hoping to find some clarification about MetaTrader and the brokers that offer it for their platform. Reason being is that I currently use MetaTrader only for creating systems, testing, backtesting,...etc.
I know that many brokers use MT as their platform medium but I'm curious if they all use the same feed from one place or if each MT from each different broker varies? For example, my current MT platform is from Alpari that has a 3-pip spread on the GBP/USD. Yet since so many brokers use use MT, I'm curious if they have variable spreads but the same feed, then how it could/would alter my trading results.
Can anyone clarify MT and it's universal or multiple feed sources and any broker variations?
Much thanks...
I know that many brokers use MT as their platform medium but I'm curious if they all use the same feed from one place or if each MT from each different broker varies? For example, my current MT platform is from Alpari that has a 3-pip spread on the GBP/USD. Yet since so many brokers use use MT, I'm curious if they have variable spreads but the same feed, then how it could/would alter my trading results.
Can anyone clarify MT and it's universal or multiple feed sources and any broker variations?
Much thanks...