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rgakalo
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Posts by
rgakalo
Need to know the truth
in
New Traders
Feb 13, 2021 at 13:33
No true broker will give you a negative balance protection. If your broker makes money from commissions and not from being a counter-party for your trades, he can't cover your negative balance as your losses don't go into his pocket.
Need to know the truth
in
New Traders
Feb 05, 2021 at 13:48
They can but some of them may require you to answer some questions before they make a decision to provide you with 1:200 leverage. The reason is they don't want their traders to lose more than what they have in their accounts and this usually only happens with leverage of more than 1:100. In general your assumption is correct, no good broker will give you 1:300 - 1:500 leverage as your loss doesn't go into their pocket and it is always a hassle to get money from clients to cover their negative balance.
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