There are lots of brokers who offer MT4, there are lots of websites that ‘compare brokers’ – as if choosing your broker is like choosing your car insurance. These comparison websites are owned by people who aren’t traders and are simply interested in your traffic to their website. The most significant point here is that with these websites you receive no benefit for using them to choose your broker.
We are different. We are full time professional traders and actually use the brokers we recommend. That means we are able to assess what a broker is like in the real world and not just upon simple statistics like spreads and fees. This real world experience is why we aren’t going to present you with 50 different brokers. We are interested in quality not quantity.
For example:
- What good is a 1 point spread if you get slipped two points on your entry?
- What about data errors? Does the broker’s pricing have errors you need to spend time resolving?
- How about executions when there’s high volatility? There are few things as frustrating than being in a profitable trade and it not closing when you try to.
- What is the pricing compared to the underlying market? Support and access to it?
You can’t measure these real world considerations in a nice neat and attractive comparison table.
Most importantly, we are able to offer our professional trading services for free as a ‘thank you’ to everyone who uses our site to choose a broker, including membership to our profitable live trade room we have run since 2013 and our Telegram signals channel.
Choosing a broker and not receiving education is like buying a car with no one to teach you how to drive it.
The brokers we recommend are ones that perform excellently and consistently in the real world. When you have the right broker, you can solely focus on your trading.
Great write-up! Well articulated.
Thanks Sam, only took 5000 hours to do 😛