Brokers

ProAct Traders cannot recommend any broker.  

However, since we have a large block of traders, brokers will compete for your business.  We did a survey a while back from our traders and who they were using and that may help you in your search. ProAct Traders is NOT remunerated from these brokers in any way.

Note:  if you do not use the Link below from the Broker it will not enroll you in this specific program even though you may open an account with them.  

Broker opportunities for Traders outside the USA -

 

*Rebates are based on the following schedule: 

  • 5 Standard Lots monthly – 25% Discount or $50 Dollars credited back for your chart subscription*
  • 10 Standard Lots monthly – 50% Discount or $100 credited back for your chart subscription*
  • 20 Standard Lots monthly – 100% Discount or $200 credited back for your chart subscription*
  • Rebate is for a maximum of $200 which is the monthly chart subscription rate.

LIVE LINK:  http://matadorprime.com/ib/ProAct/live

DEMO LINK: http://matadorprime.com/ib/ProAct/demo

* The equivalent number of trades are calculated if you are using a Mini or a Micro.  Example:  200 trades using a Mini lot = 20 Standard lots.  These are round trip trades - open positions are not counted.

Malta Office

Though Compass FX Click HERE!

Open up a MetaTrader MT4 account through Compass FX's broker FXDD Malta ( NON-USA clients) USING ONLY THE LINKS  (this enrolls you in the program).

Once you start trading, CompassFX will REBATE you based on your volume and rebate your trading account every month* based on the number of completed trades you make on the FXDD MT4 platform each month.

*Rebates are based on the following schedule:

  • 5 Standard Lots monthly – 25% Discount or $50 Dollars credited back for your chart subscription*
  • 10 Standard Lots monthly – 50% Discount or $100 credited back for your chart subscription*
  • 20 Standard Lots monthly – 100% Discount or $200 credited back for your chart subscription*
  • Rebate is for a maximum of $200 which is the monthly chart subscription rate.

 

* The equivalent number of trades are calculated if you are using a Mini or a Micro.  Example:  200 trades using a Mini lot = 20 Standard lots.  These are round trip trades - open positions are not counted.

 

USA CLIENTS 

 

Currently there is no rebate program with USA brokers

 

All US firms must adhere to the FIFO (first in, first out) Ruling and the Non Hedge requirements imposed on Forex traders within the US. FXDD's platform was compliant in their back office but the platform still allowed different stops and limits on numerous positions in the same pair. 
Most of you are more concerned with scaling out and good competitive pricing than FIFO, but if this is a factor in your style of trading, we encourage you to open a practice account before trading live at any of the firms we work with since it's different than what you are used to. Below are the current options for our US accounts currently at FXCM. I will be happy to discuss with you in more detail what is needed to move forward and what's best for your trading style. Email me Tracy @ CompassFX.

 

 

*Trading Foreign Exchange (Forex) carries a high level of risk and may not be suitable for all investors. There is a possibility that you could sustain a loss of all or more of your investment therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with Foreign Exchange trading