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which broker to use for $1MILL account?
Member Since Sep 13, 2012
2 posts
Jul 27, 2013 at 10:56
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.
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.
Member Since May 02, 2013
9 posts
Aug 10, 2013 at 12:47
Dukascopy is one of what you search
Member Since Mar 24, 2010
78 posts
Aug 12, 2013 at 06:20
CFH Markets
Aug 13, 2013 at 14:28
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.
Aug 13, 2013 at 14:44
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
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
forex_trader_88964
Member Since Aug 24, 2012
112 posts
Aug 13, 2013 at 16:16
Alpari institutionnal account ! Or onefinancialmarkets !
Member Since Jun 03, 2010
675 posts
Sep 17, 2013 at 14:04
Try with the SGT Markets - I use them to manage $ 130 000,00 and never had problem with them in withdraw and deposit.
PAMM MANAGER // Professional Fund Manager
forex_trader_91886
Member Since Sep 18, 2012
143 posts
Sep 20, 2013 at 00:31
I'm using IBFX...............no problems so far.
Very good service and execution
Very good service and execution
forex_trader_150670
Member Since Sep 12, 2013
104 posts
Sep 22, 2013 at 06:11
Deposit on many brokers.... For example, 100 000 on alpari uk, 100 000 on activtrades etc...
Choose regulated broker by European bank
Choose regulated broker by European bank
Member Since Jun 15, 2012
18 posts
Sep 22, 2013 at 20:33
I'm shocked to read some of the names that people are suggesting for accounts of that size.
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Member Since Sep 13, 2012
2 posts
Sep 23, 2013 at 13:02
@FXGearsDOTcom I agree, 95% of these wouldn't get $1 out me either.
Member Since Jul 22, 2013
123 posts
Oct 01, 2013 at 20:51
Josep2013 posted:
I have invest in fxglory before they are not regulated but every thing else was good I received my withdrawal request amount 300,000$ after a week only
So I have worked with
windsor
FXpro
with mount more than 100K.
they are nice too but I suggest you to invest in different brokers and copy your trades ;)
good !
___
SNF-Complex system - build in 2007 \ Tested from 1970.
Member Since Jul 22, 2013
123 posts
Oct 01, 2013 at 20:51
ea007 posted:
Which broker would you trust for that amount?
https://www.barclaysmarginfx.com/forex-trading-platform/spreads-and-margin-rates
or
http://www.citifxpro.com/trading-conditions
SNF-Complex system - build in 2007 \ Tested from 1970.
