There are several things to consider when choosing a broker for successful trading of STELZ 2.0 EA. Here are the main ones:
- Broker offers MT4 trading terminal
- Leverage is 1:500 and more
- Minimal lot size is 0.01
- Locking is allowed
- No FIFO rule
This Expert Advisor does not use arbitrage, pipsing, scalping, HFT and other dubious trading techniques, which can cause complaints from brokers. On the other hand, it generates a stable profit, which will need to be regularly withdrawn. Therefore, such requirements to the broker as reliability, reputation and work experience at the FOREX market come to the foreground.
Based on my clients’ trading experience with STELZ 2.0 EA since 2014, I can confidently assert that this EA works best with the following brokers:
- Alpari with account types:
- Forex4you (for non-EU and US/CA residents)
- AMarkets (all EU countries except for UK and LT)
- FBS.COM (not FBS.EU!)
- All account types from this list
- IC Markets
IMPORTANT: Please make sure that you have chosen the maximum leverage in your trading account settings. Leverage must be 1:500 and more!
For United States residents
If you are a U.S. resident and the above brokers have rejected your request, here’s the alternative for you:
Please note that this broker offers a maximum trading leverage of only 1:200. Unfortunately at the moment it probably only legal option to open an account for FOREX trading with competitive trading conditions for US residents. With FXChoice and leverage 1:200 you need to reduce the recommended value of the Lots parameter by 2.5 times. In fact, this means that the minimum deposit for trading with a low risk level (Lots = 0.01) should be $2500.