FIX API Trade is platform for trading via FIX API protocol. The following is a list of all the FIX API connectors that have already been added: ADSS, ALPHA, BBO, BJF, CFH, CMC, CQG, CTRADER, CIRCLE MARKETS, CURRENEX, DUKASCOPY, EXANTE, FIRSTDERIVATIVES, FOREXWARE, FORTEX, FORTRESS, FXBA, FXCM, FXPIG, GAIN GTX, HOTSPOT, ICM, INTEGRAL, INTERTRADER, INTERACTIVE BROKERS (Only orders), INVAST, LCG, LMAX, MATCHTRADE, MGM, NEXUS PRIME, OLFATRADE, ONETRADE,ONEZERO, PFD, PRIMEXM, PROTRADER, QTX, SAXO, SMARTTRADE, SPOTEX, SQUARED FINANCIAL, SWISSQUOTE, TRADAIR, THINKFOREX, TT, VISUALTRADING, XENFIN, XOPENHUB, i-Gold, Nexus
You can trade manually from FIX API Trader or from MT4 platform linked to FIX API Trader.
If you use MT4 platform for trading, you have 2 options:
Option 1 – use FIX API Trader like copier. It means that order will be send to FIX API account after this order is already executed on MT4 account. This option is useful and has no alternativeб if you do not have MQL4 source code (.mq4 file) for you MT4 Expert Advisor.
Option 2 – You can feed your MT4 platform with FIX API Quotes and generate MT4 charts based on FIX API Quotes and install your MT4 Expert Advisor on charts based on FIX API Quotes. In this case order will be send to FIX API Account immediately when MT4 Robot generates the trading signal (oper order, close order, etc.). You can also change orders type for your mt4 robot for FIX API Orders standard. For example you can use FOK Limit orders or IOC limit orders and control slippage. This option is require additional coding for yor MT4 robot, but we provide code examples and documentations. We also can adopt your MT4 EA for FIX API Trader for reasonable fee.
In some cases if you use FIX API Trader like copier from MT4 account to FIX API account, you need to scale (reduce or increase) the lot size on FIX API accounts. For this reason, we have added “Lot multiplier”.
Some MT4 Expert Advisors take advantage of hedge possibility for MT4 platform. It means that you can open BUY and SELL for the same currency and both orders will be opened. Most of FIX API Accounts are netted accounts (some FIX API brokers olso offer hedge accounts. For example FXCM) .
It means that if you open for example EURUSD 1 lot BUY and then EURUSD 0.8 Lots Sell, only 0.2 Lots will remaining EURUSD Buy on FIX API Account. If you want to use your MT4 robot with hedge , you can check “ Hedging account”
Video About FIX API Trader