FXCM, the world’s largest FX broker, have released a new version of MT4 with improved features. You can now trade micro lots (0.01 lots) which is a great addition for clients with a small account balance, as they will be in a better position to use proper risk management. Another feature with the lower lot sizes is the option to close orders partially. The new version of MT4 also allows you to set a Max Deviation when you enter trades; this basically allows you to control slippage on normal market orders, and because of this also enables you to place stop loss and take profit levels at the execution of the order. If you trade the news (spike trading), having this feature is of paramount importance. They have also added additional pairs to the platform, and most interestingly is the removal of the bridge software;
We eliminated 3rd party “bridge” software, which, in turn, eliminated Auto Syncs and sped up order submission and execution. This is our fastest, most improved version of MetaTrader 4 yet.
Why MT4 With FXCM?
– Use any EA, even scalping EAs
– Free Virtual Private Server (VPS) access for qualified accounts
– Unlimited access to DailyFX PLUS: forex trading signals, educational courses and more
– 24-hour phone, chat and e-mail support for MetaTrader 4 account holders
I have had an account with FXCM for years and I have never had any issues with them. I will give the new MT4 platform a go in the upcoming weeks, to see if there should be any noticeable difference.
Sign-up with FXCM through CashBackForex and get commission on all your trades.