DaveTrader wrote: Thu Mar 07, 2024 1:13 am
Hello, everyone
In the US, there is a lot going on with brokers dropping US clients, including prop firms. Many "old reliable" unregulated brokers are also leaving MT4. If you don't know, in the US if you want to trade indices or have leverage > 1:5, 1:10 etc., you need to use unregulated brokers or trade through a prop firm that is not US based.
I am still searching for the right broker for myself. The first broker I used when starting this forex journey has moved off MT4 and now uses TradeLocker. TradeLocker is based on TradingView and from my limited use of TradingView, it looks exactly the same. The one big difference is TradeLocker does not yet offer migration of custom indicators from TradingView, though they say they are working on that right now.
Anyway, I put together a couple of indicators from the TradingView Community Scripts that should look familiar to Xard followers.
Any other ideas regarding platforms, brokers or Xard type charts would be welcomed.
TradingView.png
The 2 indicators from the Community Scripts:
Flying Dragon Trend Indicator (changed MA's to 13/50)
ZigZag Trend Divergence
Thought about putting this in the Broker thread, but it has as much to do with Xard's charts as it does brokers. No offense taken if this is moved or removed
Have you tried TD365? I found out about them through Tom Hougaard's YouTube video about CFD and FX brokers. He essentially talked about the spreads and commissions being the sum cost of trading and measured the difference of said cost across multiple brokers.
Here's the video if you want to check out the full thing.
https://www.youtube.com/watch?v=fnAO6hyVwaQ
His top 5 brokers when it comes to offering the cheapest cost of trading where
- TD365.com
- CMC Markets
- IG Markets
- XTB
- IC Markets
TD365 offers fixed spreads with no commissions. I tried them out (I mostly only trade indices) and the spreads actually stay the same and no commissions. I'd stick with them but it's such a pain in the ass to deposit and withdraw from my country without using crypto so I don't use them anymore.
Edit: I went through them again myself just now. IG Markets and XTB are the only ones on the list that take US clients.