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Brokers that offer MT4 for futures?

  • #1
  • First Post: Jan 27, 2008 1:31pm Jan 27, 2008 1:31pm
Are there any brokers that offer MT4 trading futures? What about stocks and options?

Thanks.
  • #2
  • Edited 2:55pm Jan 27, 2008 1:53pm | Edited 2:55pm
Northfinance has CFDs on american stock indices (S&P, nasdaq, dow), and CFDs on all 30 DJ component stocks, plus agricultural and energy futures.
commission is $15 per full lot, spread is 1 tick.

activtrades has CFDs on all european and american indices (including the russell 2000, ibex, ftse, dax, cac, spmib, swi), oil and the eurobund (and i think treasury notes). No commission but the spread is 3 ticks.

alpari.ru is supposed to carry them as well.

i believe there is another relatively new one but i cant remember their name..
  • #3
  • Jan 27, 2008 2:24pm Jan 27, 2008 2:24pm
I saw that NorthFinance is offering them but wasn't sure if a $15 commission was competitive. That's $30 round trip. What do they mean by CFD?
  • #4
  • Jan 27, 2008 2:53pm Jan 27, 2008 2:53pm
the commission is roundtrip already... in that there is no commission for closing your positions.
  • #5
  • Jan 27, 2008 2:57pm Jan 27, 2008 2:57pm
Quoting 4thSpace
What do they mean by CFD?
CFD = Contract for difference, google it up. Basically its an option that never expires. I am not sure they are legal in the US.
  • #6
  • Jan 27, 2008 3:12pm Jan 27, 2008 3:12pm
$15 per side is a tremendous ripoff. The actual e-mini futures on the CBOT and CME are $2.40 per side via reputable brokers (interactivebrokers, etc).

NorthFinance should really be avoided, they operate without regulations in Cypress. CFDs should be avoided too for that matter, no regulation, no central exchange, no counterparty risk control, etc.

Why so hung up on MT4? The list of great charting packages spans far beyond MT4. Ensign, SierraChart, QuoteTracker, eSignal, Amibroker, NinjaTrader, just to name a few..
  • #7
  • Jan 27, 2008 3:39pm Jan 27, 2008 3:39pm
Why so hung up on MT4?

Because I like an indicator named Laguerre, which I know MT4 offers. Plus the availability of custom indicators is large and easy to impement. MT4 is also a good platform. I guess you could keep opening demo accounts and spending lots of time evaluating countless other platforms. But why do that when you've found one you like. Unfortuntely, there isn't a broker that offers futures for MT4. I have no desire to get involved with CFDs and a broker in Cypress.
  • #8
  • Jan 27, 2008 4:35pm Jan 27, 2008 4:35pm
Hi 4thSpace,

I am using a demo from fxpro.com that offers futures, although I don't know details about them that well as I have not had time to research.

Regards,
lucidlamp
  • #9
  • Jan 28, 2008 1:21am Jan 28, 2008 1:21am
Quoting Trader KGB
$15 per side is a tremendous ripoff. The actual e-mini futures on the CBOT and CME are $2.40 per side via reputable brokers (interactivebrokers, etc).

NorthFinance should really be avoided, they operate without regulations in Cypress. CFDs should be avoided too for that matter, no regulation, no central exchange, no counterparty risk control, etc.

Why so hung up on MT4? The list of great charting packages spans far beyond MT4. Ensign, SierraChart, QuoteTracker, eSignal, Amibroker, NinjaTrader, just to name a few..
It's 7.50 per side. Plus most reputable brokerages will ask for a $1000 daytrading margin on stock index futures, as opposed to $500 for Mt4 brokers.

Also, cypress is a tree. Cyprus is a country.
  • #10
  • Jan 28, 2008 7:07am Jan 28, 2008 7:07am
Quoting pippero
It's 7.50 per side. Plus most reputable brokerages will ask for a $1000 daytrading margin on stock index futures, as opposed to $500 for Mt4 brokers.
So for half the initial deposit, you get to pay 200% higher commissions? That's still a terrible deal..

Quote
Also, cypress is a tree. Cyprus is a country.
Thanks, I realized I goofed later on. Can't rely on the Firefox spell checker for everything.
  • #11
  • Jan 28, 2008 7:21am Jan 28, 2008 7:21am
Quoting Trader KGB
So for half the initial deposit, you get to pay 200% higher commissions? That's still a terrible deal..
Well, it means that you can buy two contracts for the price of one, which means that you can double your return (or your loss of course).

It still is a better deal than activtrades.

Anyway, I'd be interested in knowing what brokerages offer $2.40 future trades.. the cheapest ones i've seen all have some sort of platform fee on top of their commish
  • #12
  • Jan 28, 2008 7:33am Jan 28, 2008 7:33am
Quoting pippero
Anyway, I'd be interested in knowing what brokerages offer $2.40 future trades..
Link. Click on Future and Future Options then Bundled North America.
  • #13
  • Jan 30, 2008 6:42pm Jan 30, 2008 6:42pm
Google WHC Trader 4 ..

WaterHouseCooper ..a russian Broker..i use them for charting and watching DX,Futures,Gold ,Crude etc..

But i dunno anything about their reputation if u want to trade and deposit with them.. but i use them since a long time for demoing

I had a brief period of 1 month when i checked out about 40 Mt4 Brokers to see which one offered the most instruments to watch ..this was the winner imho

(biggies were also -> The Commercial Group for Trading,ORION FInancial Services,FInMarkets and i think KunLUn )

Hope that helps !
  • #14
  • Last Post: Dec 26, 2010 11:50am Dec 26, 2010 11:50am
Quoting 4thSpace
Why so hung up on MT4?

Because I like an indicator named Laguerre, which I know MT4 offers. Plus the availability of custom indicators is large and easy to impement. MT4 is also a good platform. I guess you could keep opening demo accounts and spending lots of time evaluating countless other platforms. But why do that when you've found one you like. Unfortuntely, there isn't a broker that offers futures for MT4. I have no desire to get involved with CFDs and a broker in Cypress.
By now 2010 we have several MT4 brokers with excellent symbol menus for our needs to be informed about the market. One of the best is BROCO for this purpose. I am also checking One Financial now .

Cheers
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