Tuesday, February 12, 2013

Questrade offer MetaTrader (MT4)

Next step - What Canadian broker has MT4 and is covered under CIPF, and accepts USA or other countries?

I know that Questrade is going to be introducing MT4 in August some time.

UPDATE - They have MT4 now, here is the link

FXCM uses a company called Friedburg Direct, and the web site claims to offer MT4. I've sent an email to clarify, since I checked 3 months ago they did not have MT4 accounts in Canada (went to UK for MT4). I have a small FXCM account in UK. Here is the MT4 FXCM page.

I've looked at a bunch of brokers over the past week, I always look to see what country they are in. I found one in Mauritius (HotForex). I've been there. I wouldn't go with that broker with your money!! The broker would have to be in one of the large stable countries (with a half decent auditor!!!)

Alternatively, I'm looking at TradingStation II and Strategy Trader both offered by FXCM. I'm not using EA's except for TipsterTrendlines to place pending order. It's not an auto trading strategy, it's atool that does all the grunt work for my manual trades. So depending on what the next 2 months holds, I might go to that platform. After being hit by both MF Global AND PFG, I'm ONLY going with CIPF firms. There are to many f'n crooks in the finance world. The Canadian finance sector including banks are well regulated and offer a solid foundation, the credit crises really never screwed up our banks and real estate in Canada, not sure if anyone outside of Canada realises that. 

So, I'm not saying that anyone should jump to Canadian firms, just that from my experience, any firm covered under IIROC and CIPF is well worth looking at in your comparison.

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