Broker/ECN with Zero Leverage

Does anyone know about a broker who offers forex trading with zero leverage. How do we trade with zero margin?
Suppose I have 1000 USD and I want to buy yen then at present price I will get 100, 000 yen roughly. As there is no margin call bcoz margin is not involved which means no forced closure of positions?

Please advise how and where to trade margin free.

kenyan

Oanda.

KGB,
Thanks for the answer. Would you please tell me little in detail. I have checked Oanda site and they offer 1:10 as minimum leverage. How can we trade with zero leverage.
I am still wondering the big guys trade where or which Broker/bank/ECN? I am not talking of futures but spot.

kenyan

1:10 is the lowest leverage setting yes. It doesn't actually mean you have to use it.

From their site:
"Trade any amount you want—as little as $1"

So if you have a $500 account, trade no more than $500, etc. With $1 unit size, you can always trade 1:1.

What TraderKGB says, just dont let your position size exceed your balance.

If you are worried about the rolls, Oanda offers sub-accounts in 6 different currencies. You could for example just transfer your euros to an AUD sub-account to gain some AUD exposure without any margin/rolls at all.

This is confusing to me as to what you're asking...you don't ever HAVE to use any margin or leverage, regardless of the broker policy. For example, if you have $10,000 in your account and you want to buy $10,000 USD/JPY, just go ahead and do it, and if that's the only position you have, you'll never get a margin call. In that scenario it doesn't matter what the margin/leverage is-you have $10K and you're buying $10K.

But maybe you're asking something different, not sure...

I use Swissquote as on of my brokers. I get no leverage on forex transactions. If want to buy $10,000 usd, I have to pay $10,000 usd for it. (or currency equivalent)
Or rather, if I want to hold a 1-lot position, it will cost me 100K, not 1K, or whatever level of leverage you want to use in that example.
Not sure they're everyone's cup-of-tea though. Just thought I'd mention it.

Hi,
I thank all traders who took time to reply and guide me. I was wondering why dont brokers offer leverage of zero explicitly although you are right that we can control our exposure exactly equal to our funds in the account.
Suppose I place a trade on any broker who offers only 100 leverage. the trade particulars tell me that you have used xxx margin. It means that i am using margin as per rules although I am limiting my exposure equal to my funds.
The easiest solution is offered by Oanda where multiple currencies accounts are offered. One can switch funds to yen when usd/jpy is falling and opposite when rising. This transfer amounts to literally exchanging currency at any money exchange where guys buy rising currencies and sell falling ones. Literally that is zero margin trading.

thanks all,

kenyan