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Any suggestions on broker and platform I should use for multi-million PAMM?

ProtecEA
Sep 18 2010 at 17:31
24 posts
I'm looking to satisfy some high net worth clients with a PAMM account on Forex. Deposits of over $10m will not be an issue for some of them!?

Any suggestions?

Thank you

gbpusd_trades
Sep 18 2010 at 22:18
2 posts
You have to be kidding! You have clients who will let you trade multi millions and you don't even know what broker to use? What broker did you use to give these clients a track record of your trading? This has to be a joke!

AiliFX (forexgoal)
Sep 19 2010 at 03:20
7 posts
Dukascopy is the best broker I have ever met. I got a IA account with them. If you are serious, we can talk in details about the commissions.

I used to have a 4 million account trade with them. No problems at all. My boss shut down the account because we lost some money. But not their fault. Dukascopy is very good. Highly recoomended!

Elkart
Elkart
Sep 19 2010 at 09:16
941 posts
Bloomberg. Interactive brokers. Maybe, just maybe Oanda. If you're starting out O, but then you'll have to ask clients to move later most probably.

Bloomberg be my first choice.

Wouldn't mess around with retail fx brokers at that level really.

Elkart
Elkart
Sep 19 2010 at 09:19
941 posts
https://www.bloomberg.com/professional/foreign_exchange/


'Whether you’re buy-side or sell-side, your trades are completely commission free on Bloomberg. Trade in spot, forwards, NDFs, options or deposits easily, with our powerful foreign exchange tools. And you can find liquidity in any currency pair or tenor, with access to over 120 global and regional providers. It’s a unique value proposition that works.'


AiliFX (forexgoal)
Sep 19 2010 at 13:24
7 posts
Elkart posted:
    Bloomberg. Interactive brokers. Maybe, just maybe Oanda. If you're starting out O, but then you'll have to ask clients to move later most probably.

Bloomberg be my first choice.

Wouldn't mess around with retail fx brokers at that level really.


Just want to ask you about that? Are you actually trade with Bloomberg. Because we only have their new pack and it cost $25,000 a year as I remember and not memtioned that you have to sign a minmum 2 years contract with them. I just simply don't like them because you have to remember a lot of shotcuts to do what you want to see, or you have to get a munual in front of your trading desk. But other than that, bloomberg is good. Just wondering maybe their trading platform is better?


Here is the link of PAMM on Dukascopy anyway, give a look:

https://www.dukascopy.com/swiss/english/management/solutions-for-money-managers/asset

Elkart
Elkart
Sep 19 2010 at 14:17
941 posts
No yet, but I have been looking at them with one eye.

But a couple of clients like Protec is suggestion you have to go pro and that's going to cost. Your average little retail broker just wont cut it. Have to go with someone big and reputable.

Platform and those kind of things become irrelevant. At that levels it's about safety of funds, insurance, instruments, legal side and so on, whole different ball game.

Elkart
Elkart
Sep 19 2010 at 14:31
941 posts
Put it this way, anyone who can hand over that kind of dosh has an army of lawyers on retainer. Better make damn sure your house is in order.

AiliFX (forexgoal)
Sep 19 2010 at 23:53
7 posts

Elkart posted:
    No yet, but I have been looking at them with one eye.

But a couple of clients like Protec is suggestion you have to go pro and that's going to cost. Your average little retail broker just wont cut it. Have to go with someone big and reputable.

Platform and those kind of things become irrelevant. At that levels it's about safety of funds, insurance, instruments, legal side and so on, whole different ball game.


You just recommend something you are not have a hand on it. How do you know it is good or not? Dukascopy is not a retail broker. I highly recommend it for two reasons: First of all, I got a IA account with them. Second, they are really good because we had 4 million US dollar account with them and never have a problem. Next time you'd better recommend people something you know about it. Otherwise, it is hard for people to believe. ^_^

Sorry about the link by the way, I didn't know the rule here.

Will Schaarrand
pipinvestment1
Oct 29 2010 at 05:45
219 posts
MigBank or Dukascopy. They can both offer the liquidity to fill your 100 Lots

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