In order to trade the Traditional Markets (Forex, Commodities, Stocks, Indexes etc), you will need a broker.
We selected a list of brokers to get you started.
To open your accounts, please consider using the links we provide, and in that case, a small part of the commission you pay to your broker will come back to our project. We use the money from this affiliation to fund our research and testing of our algorithmic trading software. This is by no means mandatory, however, you can help the Tradunity project by using our links when starting your accounts.
For Manual trading you can use either a standard account or an ECN account. The standard accounts have 0 comissions but higher spreads, while ECN accounts have low spreads and commissions.
Which brokers to choose?
If you are NOT a citizen of US/Canada:
If you are from outside the US, Canada or another country with restriction, you can open accounts in one of the following brokers:
Pepperstone – A regulated broker -For Manual Trading you need a Standard account, Leverage 1:100. European customers will have restricted leverage.
For our robot, choose a Razor account – with 1:100 leverage if available (not mandatory, can be smaller).
If you are an European Pepperstone customer, you should use the charts with a “.r” at the end of their label. For example EURUSD.r .
IC Markets – A regulated broker. For Manual Trading, get a Standard Account with leverage 1:100 for the beginning.
If you want to use this broker for our robot, then you need an ECN account, Leverage 1:100.
Out of the EU countries – France is not supported by this broker.
Are you from US/Canada?
For robot users: Our members from the US have reported Coinexx to be a good solution to trade with the robot. We are also developing a solution in our next update which will give you the opportunity to work with more US brokers.
If you are from the US, Canada or another country with restrictions over leveraged trading, then you can use:
LMFX – For Manual trading get a normal account with 1:100 leverage.
For robot users, LMFX is an interesting alternative but can’t trade the Gold Market properly (the spreads are too high). The other markets work well – get a Zero account with Leverage 1:100
Important for LMFX robot traders: for the robot to function you just need to select the “b” charts. So instead of EURUSD you should use EURUSDb.
Note that LMFX is an unregulated broker and we are unsure if the performance of the robot is affected by its infrastructure or not. We have chosen them based on the experience of our users using these brokers and their online reputation.
Disclaimer: By using the links above Tradunity will receive a small part of the commission you generate to these brokers. However, we assure you we recommend these brokers based on our experience trading with them as well as their reputation and tools and service which they provide.
We use these funds acquired through the affiliation to these brokers mainly for funding our infrastructure (test servers as well as trading VPSs) and our research and development of our trading robot.