Trading with Banks.
forex_trader_75987
Miembro desde May 02, 2012
posts 117
May 26, 2013 at 20:46
Hi all,
Someone knows how much is necessary to open Forex account with banks?
Example: BNZ, NAB , Nomura, Commerzbank and etc...
Probably i guess that to trade with banks is played by an elite.
Someone knows how much is necessary to open Forex account with banks?
Example: BNZ, NAB , Nomura, Commerzbank and etc...
Probably i guess that to trade with banks is played by an elite.
forex_trader_82892
Miembro desde Jul 01, 2012
posts 22
May 27, 2013 at 10:55
Hello, Igor.
It's a nice question.
I would like to know that too.
So please, if someone knows the answer, put it here.😕
It's a nice question.
I would like to know that too.
So please, if someone knows the answer, put it here.😕
forex_trader_28881
Miembro desde Feb 07, 2011
posts 724
May 27, 2013 at 11:29
Mail them...but don't expect to walk in there with MT, have to know what you're doing.
Most replies I got was they'll only take institutional investors, which has very broad definition. Basically you need a company first.
Most replies I got was they'll only take institutional investors, which has very broad definition. Basically you need a company first.
Miembro desde May 11, 2013
posts 45
May 27, 2013 at 19:53
I have a friend who works for Deutsche Bank and they only take a minimum open account of 500 million. Not sure if every bank is the same but that is their starting line for a proper fx account
GiftedFx
forex_trader_75987
Miembro desde May 02, 2012
posts 117
May 27, 2013 at 20:03
WOW, its a huge money man, i have a colleague that trade with Barclays. I think that minimum account is 10K.. (for micro investor of course)
May 28, 2013 at 22:30
(editado May 28, 2013 at 22:32)
Ok that's a load of crap. If that were the case, most people including brokers will not able to maintain a minimum balance.
I know this because my workplace has an fx account with NAB. THERE'S NO MINIMUM OPENING BALANCE AT ALL! The only caveat is that you'd only be able open it with a business and they start slugging you with fees if the balance falls below $20000 aud.
I highly doubt other banks are so much different.
I know this because my workplace has an fx account with NAB. THERE'S NO MINIMUM OPENING BALANCE AT ALL! The only caveat is that you'd only be able open it with a business and they start slugging you with fees if the balance falls below $20000 aud.
I highly doubt other banks are so much different.
May 29, 2013 at 03:35
Citibank and Barclays have their own brokerage arm, while OCBC in Singapore accepts accounts directly.
Citibank - https://www.citifxpro.com/ >> USD10,000 (Standard) / USD50,000 (Premium)
Barclays - https://www.barclaysmarginfx.com/ >> GBP2,500
OCBC - https://portal.iocbc.com/Accounts/leveraged-forex-account.html >> USD500 (Mini) / USD30,000 (Standard)
Citibank - https://www.citifxpro.com/ >> USD10,000 (Standard) / USD50,000 (Premium)
Barclays - https://www.barclaysmarginfx.com/ >> GBP2,500
OCBC - https://portal.iocbc.com/Accounts/leveraged-forex-account.html >> USD500 (Mini) / USD30,000 (Standard)
The market will go up, failing which, it will go down.
May 29, 2013 at 05:31
Banks typically have higher fee structure because they do not benefit from loosing customers like most brokers do!
And they don't offer much leverage because institutional traders don't use much leverage. 1:50 in forex is good leverage.
But remember that most banks are just brokers and even might use same infra your regular broker does.
And they don't offer much leverage because institutional traders don't use much leverage. 1:50 in forex is good leverage.
But remember that most banks are just brokers and even might use same infra your regular broker does.
Being Bearish or Bullish Makes No Difference
Miembro desde Oct 03, 2012
posts 82
May 29, 2013 at 10:44
chrish9070 posted:
I have a friend who works for Deutsche Bank and they only take a minimum open account of 500 million. Not sure if every bank is the same but that is their starting line for a proper fx account
Owh god...please don't spread something you don't know. Newbies please do your research okay...Deutsche Bank need about 25m if you want them as a prime broker..rabobank about 500k...there are other just shop around. Call and ask them.
If you work hard consistently eventually you will get it.
forex_trader_75987
Miembro desde May 02, 2012
posts 117
May 29, 2013 at 16:04
values obscenely higher! So, i suppose that all bankers traders are millionaires.
Miembro desde Oct 03, 2012
posts 82
May 29, 2013 at 17:23
Igor123472 posted:
values obscenely higher! So, i suppose that all bankers traders are millionaires.
Yup thats why there are retail brokers?? Just curious at first what was the minimum you had in mind? 😎
If you work hard consistently eventually you will get it.
forex_trader_75987
Miembro desde May 02, 2012
posts 117
May 29, 2013 at 20:12
gosh... i was thinking about (100k or 1Million) for minimum... so, i already know that cannot trade with banks :/
forex_trader_82892
Miembro desde Jul 01, 2012
posts 22
May 29, 2013 at 20:19
SuperTrader91, - 25m ??? What is that ? You mean 25 meters ?
Cause if rly meaned 25'000'000 USD - than that sounds like a real bullshit !😕
Cause if rly meaned 25'000'000 USD - than that sounds like a real bullshit !😕
forex_trader_82892
Miembro desde Jul 01, 2012
posts 22
May 29, 2013 at 20:20
wlk1, Thank You for some links.😉
Miembro desde Oct 03, 2012
posts 82
May 29, 2013 at 20:34
GeorgeTrader posted:
SuperTrader91, - 25m ??? What is that ? You mean 25 meters ?
Cause if rly meaned 25'000'000 USD - than that sounds like a real bullshit !😕
Yup deutsche bank needs that if you want them to consider to be your prime broker. They are the biggest so yup they want that. I am not talking about retail trading ya..this is their institutional service. Other smaller banks may have lower minimums. Check out rabobank etc. Just shop around. Ask them yourself.
Igor: If you have 100k to 1million there are banks that will deal with you. Again it depends on what your volume per months etc.
People read this for info on prime brokers.
https://www.forexfactory.com/showthread.php?t=321792
If you work hard consistently eventually you will get it.
forex_trader_75987
Miembro desde May 02, 2012
posts 117
May 29, 2013 at 20:39
Just curiosity 😄 but i have ambition in trade with banks ,yes...
Miembro desde May 11, 2013
posts 45
May 30, 2013 at 05:56
well super trader know your 'facts' before you start boasting! We just tried to open a full hedgefund via Deutsche Bank and minimum balance for the fund we were going to setup via them was 500 million. Im a fund trader so I know what im talking about!
GiftedFx
forex_trader_75987
Miembro desde May 02, 2012
posts 117
Jun 16, 2013 at 18:04
hey @Iroa, tell me if you trade with NAB? :-D
I sent an email for ANZ searching the prices to trade with trader bankers.
The unique difference between retail brokers and banks is that Banks have better robot systems and better analysts working for that none money be loosed on markets. I think that trade with banks can be more safe because the information is more safe. What do you think?
do you know if NAB gives consistence direction on markets instructing your clients to do better performance? i.e Banks helps the trader to be more calm (relaxed) about future trends?
I sent an email for ANZ searching the prices to trade with trader bankers.
The unique difference between retail brokers and banks is that Banks have better robot systems and better analysts working for that none money be loosed on markets. I think that trade with banks can be more safe because the information is more safe. What do you think?
do you know if NAB gives consistence direction on markets instructing your clients to do better performance? i.e Banks helps the trader to be more calm (relaxed) about future trends?
forex_trader_75987
Miembro desde May 02, 2012
posts 117
Jun 16, 2013 at 18:08
i think that there privileged informations that few people really knows.
