what if you have a big account

hi, everyone,

I'm new to this forum. I've been trading forex for a while, and now thinking about changing a broker, maybe an ECN......

One thought jumps out to my mind: what if you have a big money, say $10 million, what should you choose to trade: a bank for safety, an MM, or an ECN for transparency? Or else?
Is there anything like ECN as a bank at the same time?

Something like CAX...

http://www.vcapfx.com/cax-trading-requirements.asp

Minimum used to be $10mil net worth to even apply. With that size, you can usually trade with a bank guarantee...meaning you keep the money in the bank, but it's credited/debited daily according to your p/l.

Also, some banks(BofA, Citi, Barclays, etc.) will act as your prime broker if you're trading that big...they usually give you a currenex platform(from what I've heard)

I don't have personal experience trading that size, but this is what I've gathered from others' experiences.

You would still be very small for a bank. Your best option is to PB through a bank. The best thing about that is the bank doesnt get to choose what platform you use you do. You will have a choice between lava, ebs, fxall, currenex... However, you need to learn how to calculate rolls for this you need to learn more about fx swaps and tom/next. Good luck

Dukascopy has bank status and a quite good platform that you could hook up with MT4. They give you extra privilegs but only if you transfer 50 Million.

Duka has bank status? Where did you see that?

They told me that while i was on the phone with them.

I don't have that much .... several hundred, instead. LOL. Just curious.

Thanks guys. I'll do some search work about what you talked of.

Tpld,

I have just found out that Duka doesnt have a banking license but has filed for one.

thats is true, once that happen they will be fully regulated like there banks are.

But then why would anyone wanna trade with Dukas? Just trade with a proper bank if you have that much money.