Which broker is best for placing large trades without issue... | Forex Factory

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Which broker is best for placing large trades without issue...

  • #1
  • First Post: Edited 2:15pm Feb 26, 2018 1:51pm | Edited 2:15pm
Trying to find a broker big enough So am asking which broker can i trade from 500 to 2500 dollars per pip without having issues with them or liquidity problem, please who has an insight and can share. Thanks
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #2
  • Feb 26, 2018 8:56pm Feb 26, 2018 8:56pm
Quoting martinez1
Trying to find a broker big enough So am asking which broker can i trade from 500 to 2500 dollars per pip without having issues with them or liquidity problem, please who has an insight and can share. Thanks
LMAX, IB UK
  • #3
  • Feb 26, 2018 9:40pm Feb 26, 2018 9:40pm
Quoting martinez1
Trying to find a broker big enough So am asking which broker can i trade from 500 to 2500 dollars per pip without having issues with them or liquidity problem, please who has an insight and can share. Thanks
What currency pairs ? what time zone ? what leverage are you expecting ? Retail or Insto ? Platform ?
  • #4
  • Feb 26, 2018 11:51pm Feb 26, 2018 11:51pm
Quoting grandaevus
{quote} LMAX, IB UK
Thank you so much i appreciate your comment
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #5
  • Edited 12:40am Feb 27, 2018 12:00am | Edited 12:40am
Quoting lasty
{quote} What currency pairs ? what time zone ? what leverage are you expecting ? Retail or Insto ? Platform ?
Currency Pair= Usdjpy, Retail, Time zone= any would do, Leverage = atleast 1:100, Platform: any would do( i can always make my on the other and trade on other)
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #6
  • Feb 27, 2018 12:35am Feb 27, 2018 12:35am
Quoting martinez1
{quote} Leverage = atleast 1500
1:500 or 1:1500
  • #7
  • Feb 27, 2018 12:40am Feb 27, 2018 12:40am
from 1:100
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #8
  • Feb 27, 2018 12:50am Feb 27, 2018 12:50am
Quoting martinez1
from 1:100
For 1:100 leverage, definitely LMAX or IB Uk.

For 1:200 leverage, Varianse.

Above 1:200 leverage, none.
  • #9
  • Feb 27, 2018 1:13am Feb 27, 2018 1:13am
Quoting grandaevus
{quote} For 1:100 leverage, definitely LMAX or IB Uk. For 1:200 leverage, Varianse. Above 1:200 leverage, none.
Can you recommend dukascopy? they have bank Custodian( you can keep 80% of your funds in any bank of your choice while the remaining 20% stays with them)
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #10
  • Edited 1:44am Feb 27, 2018 1:20am | Edited 1:44am
Quoting martinez1
{quote} Can you recommend dukascopy? they have bank Custodian( you can keep 80% of your funds in any bank of your choice while the remaining 20% stays with them)
LMAX is the prime of prime brokers. FCA regulated and all their clients are eligible for Financial Services Compensation Scheme up to £50,000.

Besides, their spreads and commissions are better than Dukascopy.
  • #11
  • Feb 27, 2018 1:26am Feb 27, 2018 1:26am
What would be your initial deposit?
  • #12
  • Feb 27, 2018 2:26am Feb 27, 2018 2:26am
Quoting grandaevus
What would be your initial deposit?
i want to start with 200 - 250k
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #13
  • Feb 27, 2018 2:32am Feb 27, 2018 2:32am
Quoting martinez1
{quote} i want to start with 200 - 250k
LMAX
  • #14
  • Feb 27, 2018 3:25am Feb 27, 2018 3:25am
Quoting grandaevus
{quote} LMAX
okay. bro. Thank you
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #15
  • Feb 27, 2018 6:15am Feb 27, 2018 6:15am
Quoting grandaevus
{quote} LMAX, IB UK
Actually, trading 250 lots (2500 USD per pip) at once on USDJPY will cause 2 pip slippage during London session.

You can check order book here:
https://fxmtf.com/resources/volume-w...average-price/
  • #16
  • Feb 27, 2018 6:25am Feb 27, 2018 6:25am
Quoting insomniawawa
{quote} Actually, trading 250 lots (2500 USD per pip) at once on USDJPY will cause 2 pip slippage during London session. You can check order book here: https://fxmtf.com/resources/volume-w...average-price/

okay, good to know. thanks bro
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #17
  • Feb 27, 2018 6:49am Feb 27, 2018 6:49am
How about Dukascopy ?
  • #18
  • Edited 7:33am Feb 27, 2018 6:52am | Edited 7:33am
Quoting insomniawawa
{quote} Actually, trading 250 lots (2500 USD per pip) at once on USDJPY will cause 2 pip slippage during London session. You can check order book here: https://fxmtf.com/resources/volume-w...average-price/

250 lots × 100,000 = 25m volume

Leverage 1:100

Minimum equity to send a 250 lots buy/sell order to market = $250,000 (You use all your equity to cover the margin)

For slippage, amounts that you see on order book are all in millions.(scale ratio: 1million)

Your 25(m) order is just a rain drop in the ocean.

You need at least 200m or more to move the market just 0.1 pips (200 million volume = 2,000 lot)

In order to move the market 2.0 pips, you have to send an order that has a 4billion volume size at once.

4 billion volume = 40,000 lot (1 lot =100,000 unit)

Minimum equity needed for that volume = $40,000,000 (1:100 leverage)
  • #19
  • Feb 27, 2018 8:05am Feb 27, 2018 8:05am
Quoting grandaevus
{quote} 250 lots × 100,000 = 25m volume Leverage 1:100 Minimum equity to send a 250 lots buy/sell order to market = $250,000 (You use all your equity to cover the margin) For slippage, amounts that you see on order book are all in millions.(scale ratio: 1million) Your 25(m) order is just a rain drop in the ocean. You need at least 200m or more to move the market just 0.1 pips (200 million volume = 2,000 lot) In order to move the market 2.0 pips, you have to send an order that has a 4billion volume size at once. 4 billion volume = 40,000 lot (1 lot...

Unfortunately you are totally wrong. Forex market isn't as big as you think. You don't have access to whole market, but only to LMAX liquidity. Look at explanation in the picture.
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  • #20
  • Feb 27, 2018 8:16am Feb 27, 2018 8:16am
Quoting grandaevus
{quote} 250 lots × 100,000 = 25m volume Leverage 1:100 Minimum equity to send a 250 lots buy/sell order to market = $250,000 (You use all your equity to cover the margin) For slippage, amounts that you see on order book are all in millions.(scale ratio: 1million) Your 25(m) order is just a rain drop in the ocean. You need at least 200m or more to move the market just 0.1 pips (200 million volume = 2,000 lot) In order to move the market 2.0 pips, you have to send an order that has a 4billion volume size at once. 4 billion volume = 40,000 lot (1 lot...

One more thing, if you execute at once 4 billion order at LMAX you will clear whole order book
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