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

  • #21
  • Feb 27, 2018 11:32pm Feb 27, 2018 11:32pm
Lmax, Baxter FX, CFH Clearing, Gain GTX Direct, Fixi, Axi Trader Pro, JFD Brokers, Pricemarkets.
To know there exact depth of the order book it is probably best to just ask them directly.
  • #22
  • Mar 1, 2018 12:24am Mar 1, 2018 12:24am
I will prefer to use Dukascopy rather than Lmax due to their third bank custodian account ( 80% of my funds stays with any bank of my choice while the remaining 20% stays with them)
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #23
  • Mar 4, 2018 7:52am Mar 4, 2018 7:52am
Quoting martinez1
I will prefer to use Dukascopy rather than Lmax due to their third bank custodian account ( 80% of my funds stays with any bank of my choice while the remaining 20% stays with them)
u are going to the lions den...if u choose Dukascopy. If u use their mt4 bridge platform, cross your yourself if you open more then lots. 2 Years ago i was testing their liq with my partner....on ever order slippage was visible with naked eye...plus platform kept losing connection with server on vps almost when ever its was critical for us. SO my 2 cents....LMAX and SAXO if u think you are a high roller. If u play with up to 30k ...it doesnt matter which broker
Help to be helped.
  • #24
  • Mar 5, 2018 1:58am Mar 5, 2018 1:58am
Quoting Lazar83
{quote} u are going to the lions den...if u choose Dukascopy. If u use their mt4 bridge platform, cross your yourself if you open more then lots. 2 Years ago i was testing their liq with my partner....on ever order slippage was visible with naked eye...plus platform kept losing connection with server on vps almost when ever its was critical for us. SO my 2 cents....LMAX and SAXO if u think you are a high roller. If u play with up to 30k ...it doesnt matter which broker
Thanks bro, am really changing my right mind now. But for saxo bank is there any were my funds can be with any bank outside saxo ( atleast a certain % for security) while the remaining can be with them?
THE TRUTH IS SIMPLE,ACCEPTING THE SIMPLICITY OF THE TRUTH IS WHAT IS HARD
  • #25
  • Mar 5, 2018 10:34am Mar 5, 2018 10:34am
If you want to know detailed information like that, contact them directly.

Also, take a look at the brokers i mentioned above, in my opinion they are way way better than Saxo.
What is the amount you are planning to deposit?
  • #26
  • Mar 13, 2018 1:33pm Mar 13, 2018 1:33pm
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

Hello Martinez,

In my experience, it really all depends on the size of your position. At the size you are quoted here, you need a Commercial Intermediary or Institutional Intermediary to handle trade execution. A typical Retail Broker won't have the facility to handle the kind of position size you are noting here. You will need to understand the types of "Brokers" out there in FX as well (A, B and C). To keep this mild, a "C" broker executes your trades and keeps them on their internal books. You are basically trading against your broker. A "B" broker may retain part or all of the counter-party risk in any trade you make. You are trading (typically) against your broker for a portion of your position while the rest is passed on to deeper liquidity.

An "A" broker is really an Intermediary in the truest sense and you will typically have an underlying contract with that "broker" to act as "intermediary only" by order matching via various methods such as STP, or Straight Through Processing. You can know when you are dealing with a true Intermediary by simply asking them about which back-end order execution engine they use. A legit "A" Intermediary won't have any problem discussing that with you directly and up front. I have contracts with two such Intermediaries, but I trade my own proprietary capital that belongs to my firm and therefore, I don't discussion details about who I use for some obvious and not so obvious reasons.

Hope that helps.
  • #27
  • Mar 13, 2018 1:41pm Mar 13, 2018 1:41pm
Quoting grandaevus
{quote} LMAX, IB UK

He said $500 to $2,500 per pip. That's not reliable retail territory and the problems he's going to face on the execution side will become very telling rapidly, if he knows what he's doing as a Trader. For all the hype, LMAX is still a Retail FX Broker. They have outstanding marketing that makes them look otherwise, but they are still no better than "B" or "C" book-side execution. Your are probably not reaching true Interbank through LMAX, unless they can provide a stipulation in the underlying agreement/contract that they have a duty to act as intermediary only.

Bucket Shops are easily known. Just read the contract. They have to stipulate whether they have a fiduciary responsibility to guard trade execution with respect to not having counter-party risk in your trade. If they don't stipulate that in the contract, they are a Bucket Shop by definition. Most won't be using the MT4 trading platform.
  • #28
  • Edited Mar 26, 2018 2:51pm Mar 13, 2018 2:26pm | Edited Mar 26, 2018 2:51pm
{ information deleted by staff, per membership policy }

both are good brockers, inbox me for more information
In trading,you got 3 options, Be bullish,bearish, or stay out
  • #29
  • Edited Mar 14, 2018 7:35am Mar 13, 2018 5:27pm | Edited Mar 14, 2018 7:35am
That’s decent size, therefore (on the basis that you’re risking circa 1% per trade) you must have a sizeable account. why aren’t you moving away from retail brokers and away from retail platforms?

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
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #30
  • Mar 14, 2018 2:10am Mar 14, 2018 2:10am
You can deal directly with major global banks (or through an exchange) here in Germany where you can trade various fx derivatives with different leverage and expiration dates.
That means you can win or lose multiple 10 million dollars within a day.
  • #31
  • Mar 19, 2018 2:32pm Mar 19, 2018 2:32pm
Quoting The-Flipper
You can deal directly with major global banks (or through an exchange) here in Germany where you can trade various fx derivatives with different leverage and expiration dates. That means you can win or lose multiple 10 million dollars within a day.
And what's the min deposit size. Guess it's not available option for many of us.
  • #32
  • Mar 21, 2018 8:10am Mar 21, 2018 8:10am
Hey Flipper,

Major banks would allow only major institutional players to their liquidity.
Thus, their pool is forever closed for 99.9% of the human race
  • #33
  • Edited 2:37pm Mar 21, 2018 12:34pm | Edited 2:37pm
Usually 10,000 units or 3000 EUR in volume is the min. standard, below that banks don't have to quote prices at all, even though you can try to purchase 1 unit (what makes no sense at all).

The following max. deal sizes are possible, if available:
Deutsche: up to 100,000,000 units (and or deal size in EUR) (depending on the underlying)
Commerz, Citi, Goldman, BNP, HSBC, JPMorgen etc. 2,000,000 to 50,000,000 units (and or deal size in EUR) (depending on the underlying).

Here is one example from Deutsche (from the Stuttgart Exchange EUWAX):
DEUTSCHE BANK AG WAVEP 28.03.18 DAX 12475 WKN DS2CTB | ISIN DE000DS2CTB4 Knockout-Put:
https://www.boerse-stuttgart.de/de/b...TION=211897835

or from Deutsche Bank site:
https://www.xmarkets.db.com/DE/Produ...l/DE000DS2CTB4

Current price: BID 2,17 - ASK 2,18
min deal size: 10,000 units or 3,000 EUR in volume
max deal size: 100,000,000 units (and or deal size in EUR)

Keep in mind, the heavier the order, the wider can go the spread or they will quote you a worse price.
  • #34
  • Apr 12, 2018 11:51am Apr 12, 2018 11:51am
Quoting The-Flipper
Usually 10,000 units or 3000 EUR in volume is the min. standard, below that banks don't have to quote prices at all, even though you can try to purchase 1 unit (what makes no sense at all). The following max. deal sizes are possible, if available: Deutsche: up to 100,000,000 units (and or deal size in EUR) (depending on the underlying) Commerz, Citi, Goldman, BNP, HSBC, JPMorgen etc. 2,000,000 to 50,000,000 units (and or deal size in EUR) (depending on the underlying). Here is one example from Deutsche (from the Stuttgart Exchange EUWAX): DEUTSCHE...
So why do you still stick to retail brokerage (tickmill)? Or you are on the testing stage with those big brokers you mentioned?
  • #35
  • Apr 12, 2018 3:41pm Apr 12, 2018 3:41pm
Quoting available
{quote} So why do you still stick to retail brokerage (tickmill)? Or you are on the testing stage with those big brokers you mentioned?
First of all, i don't trade with these Tickmill bastards, that are just some pennies left in the account.
I trade with real brokers, not them.

Second, i've traded directly with these banks in the past and you need a lot of cash if you wanna make some serious money because it's all unleveraged.
But that is not the problem cause there are derivatives with all kind of different leverage.
The most negative thing about it is that every trade takes at least ~5 seconds (request a quote to the final trade confirmation).
In fast moving markets i got a lot of denies, worse quotes or out of market notifications.
And don't forget, it's not 24/5

But if you're a swinger or long term trader with some serious cash, it won't bother you.
  • #36
  • Edited 4:44pm Apr 12, 2018 4:23pm | Edited 4:44pm
http://www.invast.com.au

i like them....japanese accuracy, outstanding execution and customer service. To be honest - i would switch to futures: marexspectronprotrader.com (CGQ, Neon, Stellar, TT) and tradovate.com (CGQ and JigSaw)

cu
  • #37
  • Apr 18, 2018 10:57am Apr 18, 2018 10:57am
Quoting The-Flipper
{quote} First of all, i don't trade with these Tickmill bastards, that are just some pennies left in the account. I trade with real brokers, not them. Second, i've traded directly with these banks in the past and you need a lot of cash if you wanna make some serious money because it's all unleveraged. But that is not the problem cause there are derivatives with all kind of different leverage. The most negative thing about it is that every trade takes at least ~5 seconds (request a quote to the final trade confirmation). In fast moving markets i...
Thanks for the information, nice tips on what expect from big bank services. Regarding the serious money, its really arguable since we have R/R and using borrowing funds to enter same lot size as it would be in case of unleveraged position.

Using leverage you simple shift yourself on R/R curve higher, i.e. needs to take measures on more careful handling of risk. With higher leverage chances are rising that volatility will kill you, but after all its all about finding more effective measures to control risk, while blaming high leverage is silly since it doesn't introduce systematic disadvantage to you in trading. Btw, didn't have any issues with Tickmill, but its different story

Cheers.
  • #38
  • Last Post: Apr 24, 2018 12:58pm Apr 24, 2018 12:58pm
If you have decided to deposit such a big sum, you shouldn't do that thoughtlessly. Actually, it would've been perfect to open up several deposits for different brokers, that's how you can understand where to open big deposit later.
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