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which broker to use for $1MILL account?

Redtigerinc
Jul 27 2013 at 10:56
2 messages
Stuff the spread! the spreads (fees) are always negotiable depending on your volume and capital.

I would think about CAPITAL SECURITY! if you thinking about investing 1M into a forex account. There is no good having the best spread in town if you money is in some dodgy broker.

1. Make sure they are a listed (read audited) company or not owned by a select few (like PFG)

2. Make sure they are regulated by a real regulator

3. They are Headquartered in UK, USA or Australia (and in a major financial center).

4. Best to check investor protection rules for that country ie whats the government guarantee on the funds if the company disappears / goes bust or the financial system falters, some counties provide 250k protection so open 4 accounts and link them.

5. check forexpeacearmy.com for scam reviews (though remember most traders lose because they trade like drunk monkeys 95% of the time it has nothing to do with the broker).

6. Open a demo with them and a small live account to test their system.

7. If your happy with them after a few months consider moving more money across.

HIROO59
Jul 28 2013 at 18:06
166 messages
@ea007
HELLO
I do not know Dukacopy as brocker but as basic data for free download
For MIG, It does well in the ECN
Regards
Hiroo59

traderpamm
Aug 10 2013 at 12:47
9 messages
Dukascopy is one of what you search

uascalper (uascalper)
Aug 11 2013 at 06:33
8 messages
Dukascopy.

The lack of charisma can be fatal.
trade4hapi
Aug 12 2013 at 06:20
84 messages
MRodrigez (MRodrigez)
Aug 13 2013 at 05:55
168 messages
FirePips
Aug 13 2013 at 13:19
3 messages
Split your funds between these three and copy trades over:

1. Dukascopy
2. Mb Trading
3. FXCM

Negotiate spreads/commission with each before depositing.

HIROO59
Aug 13 2013 at 13:27
166 messages
prefer a more ECN broker for a fixed spread to avoid getting hit the stop loss as it twists and cheaper. you can go globalprime

uascalper (uascalper)
Aug 13 2013 at 14:28
8 messages
How can You imagine ECN broker with fixed spread? The firm is either ECN broker with spreads from liquidity providers or market maker with fixed spread who is dealing against You. If somebody gives fixed spread and claims that it is at the same time ECN broker this firm is scam. There are big respected companies which utilize both schemes of execution but they declare it transparently and client has an opportunity to choose consciously with whom to trade - with market or with the market maker.

The lack of charisma can be fatal.
HIROO59
Aug 13 2013 at 14:44
166 messages
Hello @alexander,
We work with a broker who assured us the fixed spread and make money on commission per trade past. it is more interesting than where the broker spread varies greatly and the trade is made against us.
Because it is the broker who sent the market price while a ECN broker directly send the order to the market so no intermediary.

regards
Hiroo59

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