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Best Broker to Invest $100K Into

  • #1
  • First Post: May 20, 2008 1:04am May 20, 2008 1:04am
Hello:
i am going to manage a $100000 account, and i am searching for a broker that have:
1- Islamic swap free accounts.
2- Trading adviser or some other program that pay the attorney Automatically each month.


and it is better if they have segregated accounts.

one more question,
is there something in the retail forex that you put the money directly on an a separated bank account?
  • #2
  • May 20, 2008 7:16am May 20, 2008 7:16am
Your best bet would be www.mgforex.com. My friend uses them to manage over 250k. And it is an islamic account. I guess you could always contact them and find out
  • #3
  • May 20, 2008 7:19am May 20, 2008 7:19am
Quoting tarektm
Hello:
i am going to manage a $100000 account, and i am searching for a broker that have:
1- Islamic swap free accounts.
2- Trading adviser or some other program that pay the attorney Automatically each month.


and it is better if they have segregated accounts.

one more question,
is there something in the retail forex that you put the money directly on an a separated bank account?
FxSol has interest free accounts. They also have a program for your second request. However, you have to be a CTA and have a minimum of five clients. Their spreads are terrible though.
  • #4
  • May 20, 2008 7:28am May 20, 2008 7:28am
Quoting Dopey
FxSol has interest free accounts. They also have a program for your second request. However, you have to be a CTA and have a minimum of five clients. Their spreads are terrible though.
i have joined them,
they need 5 clients or $50K and i meet the second condition.

however, the spreads as you have said are high there.
and the support staff is slow.
  • #5
  • May 20, 2008 8:31am May 20, 2008 8:31am
DUCASCOPY is the best for this amount
  • #6
  • May 20, 2008 9:12am May 20, 2008 9:12am
If you are going to manage a $100K account with a broker that you just discover through a forum I would be extra careful.
  • #7
  • May 20, 2008 9:12am May 20, 2008 9:12am
its better to open 2 account with 50k with 2 different broker

isnt it?
  • #8
  • May 20, 2008 9:14am May 20, 2008 9:14am
Quoting jlpi
If you are going to manage a $100K account with a broker that you just discover through a forum I would be extra careful.
i know there might be cheerleaders in the forums for brokers here

thanks for the advice.
  • #9
  • May 20, 2008 9:30am May 20, 2008 9:30am
Quoting tarektm
i have joined them,
they need 5 clients or $50K and i meet the second condition.

however, the spreads as you have said are high there.
and the support staff is slow.

How about using www.oanda.com . They have low spreads, and good customer service
  • #10
  • May 20, 2008 11:35am May 20, 2008 11:35am
Of course, unless you're putting the entire $100k into one trade, you don't actually need to worry about having a broker that won't run off with $100k, do you?
The market reveals who we really are...
  • #11
  • May 20, 2008 4:19pm May 20, 2008 4:19pm
Quoting cka6c
How about using www.oanda.com . They have low spreads, and good customer service
LOL
ForexFactory SUCKS.
  • #12
  • May 20, 2008 4:50pm May 20, 2008 4:50pm
cmcmarkets has an active bank guarantee facility. That may be something worth looking into.
  • #13
  • May 21, 2008 10:16am May 21, 2008 10:16am
I will not post my suggestion here, I know of a few brokers, mostly prime. message me for more info.
  • #14
  • May 21, 2008 10:24pm May 21, 2008 10:24pm
It would probably be best to spread it out over several, and see what kind of servicing you get. Dumping it on one broker via the recommendation of a forum member would be.... well, very trusting.
  • #15
  • May 22, 2008 2:32pm May 22, 2008 2:32pm
Quoting forexfun
It would probably be best to spread it out over several, and see what kind of servicing you get. Dumping it on one broker via the recommendation of a forum member would be.... well, very trusting.
Couldn't agree more.
  • #16
  • May 28, 2008 5:23am May 28, 2008 5:23am
Broker found, and money already sent.

for Mods, you can close the thread
thanks for everyone who have helped.
  • #17
  • May 28, 2008 5:58am May 28, 2008 5:58am
Quoting tarektm
Broker found, and money already sent.

for Mods, you can close the thread
thanks for everyone who have helped.
Hi

What broker did you end up using?

Thanks
  • #18
  • May 28, 2008 7:15am May 28, 2008 7:15am
Quoting Someone
Hi

What broker did you end up using?

Thanks
i have chosen Fxsol.
  • #19
  • May 28, 2008 7:37am May 28, 2008 7:37am
wow what a terrible broker
  • #20
  • May 28, 2008 7:41am May 28, 2008 7:41am
Quoting fxtrader42
wow what a terrible broker
well, from my point of view, each time we loose with one broker we say it is bad.

and i have never seen perfect rating for a broker before.

they have high spread, and that's bad, but i like their platform and charting.
also there support was helpful.
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