Quote:
Originally Posted by wwwin
Thanks. How do I open an US MT4 BT account? Also, are the spreads the same for US and UK? I have a regular FXCM Tradestation account and opened a MT4 UK demo and notice that the spreads are larger than on my regular US TradingStation account. All things being equal I would prefer to open US MT4 in order not to have to pay higher swift wire rates or wait 10 days for mailing etc. etc. My main issue is spreads and no requotes. Is that the same for both UK and US. I know that UK says no requotes but have not heard on US. Hedging is not that important to me. Thanks
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You can open the MT4 account through FXCM US by listing the referring agent on step 4 of the online application as "MT4". It will then be setup on the MT4 server. Spreads are the same regardless which entity you go through.
FXCM UK holds USD funds for non-UK residents at the Bank of America in New York, so you won't have to pay any additional international wire fee if you fund the account by bank wire. Credit card and debit card deposits were also released for FXCM UK. In the end, the deposit/withdrawal options are the same. Plus you get the added benefit of a segregated MT4 account through FXCM UK regulations.
MT4 powered by Boston Technologies has the spread marked up 1/10th of a pip (0.00001) which is compensation for Boston Technologies. This is why you will see a slight difference in spread with the FX Trade Station II.
All MT4 accounts use the No Dealing Desk execution.
