Originally Posted By: Thirstywolf
Hi Mothership.

I am using IC Markets, due to their very low spreads on the ECN account. I am biased to Australian brokers though, as I live in Australia and there are pretty good laws here for protecting your cash. Downside to these guys is their swaps are pretty bad, but I think this is the same for most Aussie brokers, and also they do not pay interest on the cash you keep with them. Other than they are awesome.

In choosing a broker I looked at http://www.myfxbook.com/forex-broker-swaps and http://www.fxblue.com/spread/symbol.aspx to compare swaps and spreads. Make sure you factor in and understand which brokers charge brokerage on top of a spread, and how to convert it so that you can compare like for like. I also read heaps of forums for all the complaints that people have with each broker.

I am using MT4, which requires a fair amount of messing around until everything is in place. IC markets requires a certain amount of volume before they will let you connect with API, and then you need to write the API as well. I suggest API connection is quite valuable, and I would not use a broker that does not have that capability...as at some point I think I will switch to API connection, however there seems to be lots of work in writing an API. Read the brokers section for heaps more discussion on brokers.

Hope this helps.



Hi,

Thanks for replying! It sure helps. But I have no clue how to programme it with Zorro, if I want another broker that is.

But that's another issue.

Thank you too 3D.

Generally, What's your most useful advice when programming trading strategies (especially, for a noob like me)?

Have a nice weekend!