New Hope PRO
Will My Broker Work with New Hope PRO? Account Checklist
A useful compatibility answer starts with your specific trading account, not just the broker's name. Two accounts at one broker can have different servers, position accounting and instrument settings. Before choosing a trading robot, describe the account you intend to use and check what the software must do with it.
This worksheet turns “Does it work with my broker?” into a question that can be answered. It is for people considering New Hope PRO and existing users preparing another account. It does not rank brokers or replace their current account terms.
A connection is one part of compatibility. Record the account conditions and permitted workflow separately.
Start with these six details
Copy the following fields into a note. Use the spelling shown by the broker and platform. You do not need to send a password or API secret to describe a proposed setup.
Field | What to record | Why it matters |
|---|---|---|
Broker and account entity | Broker name and the company shown in your account documents | A familiar brand name may cover several account offerings. |
Platform and connection | MT4, MT5, cTrader or the exact FIX service | A platform login and a separate API connection are different routes. |
Server and environment | Exact server label; demo or live | The right credentials on the wrong server do not identify the intended account. |
Account mode | For MT5, hedging or netting; account type and currency | Position handling must fit the strategy's requirements. |
Instruments | Exact symbol names, contract specification, minimum size and size step | Similar names can represent different trading contracts. |
Intended workflow | What the robot needs to receive, open, modify and close | This lets you check actual operations instead of only a successful sign-in. |
MT5 hedging is an account property
MetaTrader 5 supports hedging and netting. The broker sets the position accounting system for the account. Installing another copy of the terminal does not turn a netting account into a hedging account. This is why “my broker has MT5” is incomplete information.
Consider a simplified example with completed executions and no other positions. First, buy 0.10 lots of a symbol. Then execute a separate sell order for 0.10 lots of the same symbol. On a netting account, the opposite deal closes the net position. On a hedging account, a new opposite position can coexist with the first one. The nominal volumes match, but the resulting position list is different.
Practical question: does the intended New Hope PRO configuration need separate positions for this workflow? Confirm the requirement for that configuration. Do not assume every strategy needs the same mode.
Use the MT5 hedging and netting guide for the detailed comparison. The underlying platform definitions are in MetaQuotes' position accounting documentation.
For FIX and cTrader, identify the connection route
Write down whether you mean cTrader FIX, cTrader Open API or a separate service supplied by a broker. A broker offering MT4 does not automatically give every MT4 account direct FIX access. Ask about the actual route instead of searching for a password that belongs to a different interface.
For cTrader FIX, price and trade connections have separate credentials. Receiving quotes through one connection is not confirmation that trading requests are correctly configured. The cTrader API comparison explains this distinction, while the MT4 and FIX connection guide helps frame the broker-side questions.
Check permission separately from technical access
A successful connection shows that one technical step worked. It does not settle whether the broker permits your proposed strategy under that account's terms. Read the current conditions for the relevant account and ask the broker to clarify any restriction that affects the intended workflow. Keep the answer with your setup notes.
There is also an execution question. Contract size, costs and order handling can change the result even when the software connects correctly. Record these conditions before copying a configuration from another account. For the calculation framework, use the execution and cost audit.
A completed worksheet beats a long broker list
Imagine two users both write “Broker A, MT5”. One means a demo hedging account trading EURUSD; the other means a live netting account trading a different symbol specification. A reply based only on the brand would overlook the difference.
A more useful request is: “I plan to use New Hope PRO with Broker A, server Demo-2, MT5 hedging, account currency USD, symbol EURUSD. I need the configuration to manage separate positions. Which connection and software release should I check?” This is an illustrative request, not a recommendation of a broker.
What New Hope provides
New Hope PRO lists MT4, MT5, FIX API and cTrader connections. The full package includes broker information, prepared broker and instrument settings, and help from a personal manager. The independent evaluation has a different scope. Review the current package comparison before selecting an option.
The paid broker list is not reproduced in this article. The goal here is to make your own requirements clear before purchase, so the chosen account, software and configuration can be checked together.
Ready to choose your setup?
View New Hope PRO packages and purchase options · Open the setup lesson in New Hope Workspace
Workspace requires sign-in. If you are new, request free learning access. To ask about compatibility, send the worksheet fields without passwords through the contact form.
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