Broker that offers 500+ leverage and low spreads | Forex Factory

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Broker that offers 500+ leverage and low spreads

  • #1
  • First Post: Nov 8, 2008 4:48pm Nov 8, 2008 4:48pm
Hey guys I'm looking into brokers... up till recently I decided the Oanda isn't good to start with for because there leverage is too low.

I'm looking for broker that has very high leverage and low spreads... also would be nice if they deal with paypal.

thanks

(I used FXCM demo for awhile LOVED it BUT for some reason sometimes my take profit did not work... also I hear there spreads get really high)
  • #2
  • Nov 8, 2008 4:53pm Nov 8, 2008 4:53pm
Quoting Puddinlover
Hey guys I'm looking into brokers... up till recently I decided the Oanda isn't good to start with for because there leverage is too low.

I'm looking for broker that has very high leverage and low spreads... also would be nice if they deal with paypal.

thanks

(I used FXCM demo for awhile LOVED it BUT for some reason sometimes my take profit did not work... also I hear there spreads get really high)
i know of a few pm if you want info
  • #3
  • Nov 8, 2008 5:36pm Nov 8, 2008 5:36pm
Quoting fxtrader42
i know of a few pm if you want info
it will not allow me to send pm's
  • #4
  • Nov 8, 2008 8:51pm Nov 8, 2008 8:51pm
More sheep for the slaughter.........
Same Whore .... Different Dress
  • #5
  • Nov 9, 2008 6:27pm Nov 9, 2008 6:27pm
Quoting johnedoe
More sheep for the slaughter.........
heh I dont think I can even make a go unless I have a high leverage really... I'm thinking about going with CMSfx
  • #6
  • Nov 9, 2008 6:41pm Nov 9, 2008 6:41pm
  •  onu
  • | Joined Feb 2006 | Status: superior senior member | 746 Posts
Quoting Puddinlover
heh I dont think I can even make a go unless I have a high leverage really... I'm thinking about going with CMSfx
regards cms...... good luck and....... rest in peace
  • #7
  • Nov 9, 2008 6:43pm Nov 9, 2008 6:43pm
Quoting onu
regards cms...... good luck and....... rest in peace
They seem to have a better rep than most brokers over 300 leverage, was going to trade with Oanda but 50:1 leverage is just too low since I have only $200ish to start investing with.
  • #8
  • Nov 9, 2008 7:11pm Nov 9, 2008 7:11pm
IBFX offers 400:1 and they have a pretty respectable reputation.
  • #9
  • Nov 10, 2008 2:02am Nov 10, 2008 2:02am
Quoting Verto
IBFX offers 400:1 and they have a pretty respectable reputation.
Ya I just posted a short little thing about my convo with CMSFX this morning on my blog... rude people. checking out Interbank FX
  • #10
  • Nov 10, 2008 7:19am Nov 10, 2008 7:19am
your expectations regarding FX are completely unrealistic....... I think your trading career will be short lived......
regards, johnedoe
Same Whore .... Different Dress
  • #11
  • Nov 10, 2008 10:42am Nov 10, 2008 10:42am
Quoting Puddinlover
They seem to have a better rep than most brokers over 300 leverage, was going to trade with Oanda but 50:1 leverage is just too low since I have only $200ish to start investing with.
There's more than one way to skin a cat. If you can't find 500:1 leverage, just trade exotic pairs. It'll be equally disastrous.
  • #12
  • Nov 10, 2008 7:27pm Nov 10, 2008 7:27pm
I find your advise pretty helpful, since it's really hard to find a broker with good leverage, probably trading with some other pairs you usually don't do, will probably give you a different perspective on trading with Forex.
  • #13
  • Nov 10, 2008 11:27pm Nov 10, 2008 11:27pm
FXPRO
  • #14
  • Nov 11, 2008 1:01am Nov 11, 2008 1:01am
Thinking im going to go with ig markets
  • #15
  • Nov 11, 2008 1:18am Nov 11, 2008 1:18am
Interesting, I've never even heard of them.
  • #16
  • Nov 11, 2008 2:04am Nov 11, 2008 2:04am
Quoting Puddinlover
50:1 leverage is just too low since I have only $200ish to start investing with.
$200 is a fair price for your first important lesson in trading. And it is, probably, an inevitable lesson. Good luck, Puddinlover (and extreme luck you need)!
sans peur et sans reproche
  • #17
  • Nov 11, 2008 7:19am Nov 11, 2008 7:19am
I really think you should do some reading HERE.....http://www.forexfactory.com/showthread.php?t=39892
Same Whore .... Different Dress
  • #18
  • Nov 11, 2008 9:50am Nov 11, 2008 9:50am
The current economic crisis is a blessing for the brokers.
  • #19
  • Last Post: Nov 15, 2008 11:33am Nov 15, 2008 11:33am
just give me the money then... cause a broker with lev of 500 just wants your money... nothing else!
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