4 and 5 digit brokerages

[mystikdragon7]

What is the difference (besides the obvious) if any, between a 5 digit and 4 digit broker? And what are the pros and cons of both?

[mystikdragon7]

Is there no pros and cons to this?

[alan]

What is the difference (besides the obvious) if any, between a 5 digit and 4 digit broker? And what are the pros and cons of both?

Tighter quotes...ie more "fine grained" It give you better control over bid/ask. Also with 5 digit brokers you can have spreads lower than 1 pip. So like I said, it's give you better control over pricing.

Some brokers even started offering 6 digit price quotes!

[mystikdragon7]

Is there any brokers that use 5 digits that run off of meta trader 4?

[alan]

Is there any brokers that use 5 digits that run off of meta trader 4?

Of course, there are quite a few of them. Some of them that quickly come to my mind are NorthFinance, StrategyBuilderFX, ODL Securities, etc.