Moving to a 100k account and need advice.

Hi All,

I am on the verge of moving from my small accoutn with IBFX to a 100k account. I have no intention of placing this amount of money with IBFX, I need to know what brokers people are using with this amount of money, I would like a broker where my money is safe, if there is such a thing?

I have read that it is not wise to put the whole deposit in the trading account but if I deposited say 30k of the 100k I would feel uneasy when trading as I usualy use 1-1 leverage.

Oh and I would need a broker that will let me take both sides of the trade (hedge)

Thanks

you can open account with 2 or 3 broker

In the end you need to analyze your own trading style and figure out what you want from a broker before deciding on one. No one has everything. Pick the features that mean the most to you and try to get the best you can with that. Different strokes and all that.

Some prefer market makers, others ECN's.

Some want Metatrader, others don't mind proprietary software.

Leverage Leverage Leverage, it makes or breaks some peoples systems.

Customer service, some care others don't.

Regulation? Some like it some don't.

Fixed spreads?

Liquidity, important on a 100k account.

Onshore Offshore? I've had 3 lawyer clients recently that only feel safe with their money offshore. Don't confuse this with regulated or unregulated.

Fund Accessibility? Deposit/Withdrawl methods? I prefer requesting a weekly check, but refuse to pay a wire transfer fee.



No one can recommend what broker is going to meet your specific needs for whatever style you are trading.

That being said, Tradeview has been good to me 100k+.

Hi

Thanks for the reply's.

The only thing I am looking for is a safe broker. Do any brokers offer insurance on deposits as large as 100k?

Surely traders trading 100k+ must be using safe brokers and not constantly wondering if they will see there money again.

Please keep the replies coming.

If you are moving your 100k to another broker, it must not necessarily be safer than at IBFX.

Hi

No im not moving. I have a smaller account at the mement with IBFX, now I want to open a large account but I hoped to find a broker that would give me some sort of insurance that my money is safe.

Dukascopy. Its a regulated broker in Switzerland. The ONLY broker I trust with that much money (they can handle millions if you like, but then I would rather trade with a bank) That and ACM, another regulated Swiss broker.

i can tell you that rosenthal collins group has over +200 million in assets

look at the "new big mt4 broker" thread, and you will find their financial statement uploaded close to the end.

good luck.