Low spread and high leverage broker needed | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD, AUD/USD

Similar Threads

High leverage vs Low leverage 74 replies

Should Trade with Broker offering low spread or wide spread? 12 replies

High Leverage vs Low Leverage 21 replies

High Leverage vs Low Leverage 20 replies

High leverage low spread brokers 3 replies

Low spread and high leverage broker needed

  • #1
  • First Post: Feb 7, 2007 4:05pm Feb 7, 2007 4:05pm
I am looking for a broker with:

A. 2 or 3 pip spread on gbpusd or audusd (for mini accounts if possible)
B. leverage of 1:400 or will settle @ 1:200 (i know i know)
c. Dealing desk does not matter but prefered not to have them
D . I am in the US so they need to do business with US resident

I did search the forume, but when I typoe the key word "x pip spread", the entire FF forume gets outputted- plz help

May the pips be with ya
Pipology 101 student
  • #2
  • Feb 8, 2007 3:47am Feb 8, 2007 3:47am
That sounds like Interbank FX ?
  • #3
  • Feb 8, 2007 11:17am Feb 8, 2007 11:17am
Quoting luqmanz
That sounds like Interbank FX ?
I will call them thanx
Pipology 101 student
  • #4
  • Feb 8, 2007 8:52pm Feb 8, 2007 8:52pm
except their spread on those two pairs is usually 4 or 5
-i trade currencies at the airport-
  • #5
  • Feb 10, 2007 8:53am Feb 10, 2007 8:53am
MG Financial Group can be one of the brokers you are searching for except that GBP/USD & AUD/USD spreads are 5 pips not 2 or 3, but they offer you up to 1:400 leverage if you want & they do business with US residents...


Thanks,

Nader
  • #6
  • Feb 10, 2007 4:33pm Feb 10, 2007 4:33pm
Quoting pipology-101
B. leverage of 1:400 or will settle @ 1:200 (i know i know)
Using leverage more than 100:1 is the fastest way to wipe out your account. It's more likely hazard than forex.
  • #7
  • Mar 16, 2007 4:18pm Mar 16, 2007 4:18pm
Quoting pipology-101
I am looking for a broker with:

A. 2 or 3 pip spread on gbpusd or audusd (for mini accounts if possible)
B. leverage of 1:400 or will settle @ 1:200 (i know i know)
c. Dealing desk does not matter but prefered not to have them
D . I am in the US so they need to do business with US resident

I did search the forume, but when I typoe the key word "x pip spread", the entire FF forume gets outputted- plz help

May the pips be with ya
Check the FF preferred broker list.....though leverage like you are seeking is a killer!!!!!!!! Just beware. Brokers offer that high leverage for only one reason....and it is not to your benefit, just my opinion.
Good Luck
Proper Prior Planning Prevents Piss Poor Performance
  • #8
  • Mar 16, 2007 4:37pm Mar 16, 2007 4:37pm
Fixed spreads on those pairs that low are rarely seen in retail FX. You can try MIG Financial in switzerland. I can tell you, while they aren't the fastest at execution, if you don't mind that too much, you can get some very inexpensive spreads. Furthermore, I can tell you that I personally traded with them until my account grew from $30K to $55K. I had no problems getting my money in and out. Again, they aren't very good with execution...so if you're looking to scalp, then you can pretty much count them out...however, for swing trades, they were perfect.

The only other suggestions would be your typical ECNs (MBT/EFX or IB)...but those aren't fixed...but generally will hover around those spreads.

Quoting pipology-101
I am looking for a broker with:

A. 2 or 3 pip spread on gbpusd or audusd (for mini accounts if possible)
B. leverage of 1:400 or will settle @ 1:200 (i know i know)
c. Dealing desk does not matter but prefered not to have them
D . I am in the US so they need to do business with US resident

I did search the forume, but when I typoe the key word "x pip spread", the entire FF forume gets outputted- plz help

May the pips be with ya
  • #9
  • Mar 17, 2007 9:51am Mar 17, 2007 9:51am
Quoting manu.aquetdju
Using leverage more than 100:1 is the fastest way to wipe out your account. It's more likely hazard than forex.

manu.aquetdju,

The reason I use leverage, the wealthy use it. Do not use it if you do not understand it. If you understand it then the reason to use it is very clear. I mean no harm in what I an saying. Many people have lost a live account because of high leverage.
Some say "The sky is the limit". I say "I own the sky".
  • #10
  • Mar 17, 2007 11:02am Mar 17, 2007 11:02am
Water House Capital http://www.whcforex.com/ has 3 pip GBP/USD and great execution.

Here's their direct link to demo platform:
http://www.metaquotes.net/files/whc/whc4setup.exe.

I just started with a micro, their minimum is $200, so can't guarantee anything but they'll be in the forex broker news more and more with their hundreds of stocks and future contracts in addition to forex. For the brave of heart only - Russian broker.

Pertinent thread: http://www.forex-tsd.com/metatrader-...hc-broker.html
  • #11
  • Mar 17, 2007 11:18am Mar 17, 2007 11:18am
When you click on "Regulation" their site shows a 404 not found :-)

Quoting Poocher
Water House Capital http://www.whcforex.com/ has 3 pip GBP/USD and great execution.

Here's their direct link to demo platform:
http://www.metaquotes.net/files/whc/whc4setup.exe.

I just started with a micro, their minimum is $200, so can't guarantee anything but they'll be in the forex broker news more and more with their hundreds of stocks and future contracts in addition to forex. For the brave of heart only - Russian broker.

Pertinent thread: http://www.forex-tsd.com/metatrader-...hc-broker.html
  • #12
  • Mar 17, 2007 11:32am Mar 17, 2007 11:32am
Quoting mrmikal
When you click on "Regulation" their site shows a 404 not found :-)
don't click the regulation icon at main page.select the regulation from WHC Trader 4.0
  • #13
  • Mar 17, 2007 11:34am Mar 17, 2007 11:34am
That's lame...I should be able to click the icon, wouldn't you think...since it's so prominent on their home page?

:-)

Quoting amenlo9
don't click the regulation icon at main page.select the regulation from WHC Trader 4.0
  • #14
  • Mar 17, 2007 11:37am Mar 17, 2007 11:37am
Lovely, these guys have a tournament named "Russian Roulette".

How appropriate is that? :-D (After all, they are based in Russia)
  • #15
  • Mar 17, 2007 11:56am Mar 17, 2007 11:56am
Quoting mrmikal
That's lame...I should be able to click the icon, wouldn't you think...since it's so prominent on their home page?

:-)
yea,maybe their site is still under construction.

anyway,anybody got experience deal with them?their site look cool but i want to know how good and reliable they are

i think Fastbroker very similar with them
  • #16
  • Mar 18, 2007 11:08am Mar 18, 2007 11:08am
It is still under construction as far as making it English.

Just got my first statement from Water House emailed to me Friday.
Very detailed and professional.
  • #17
  • Mar 18, 2007 3:53pm Mar 18, 2007 3:53pm
Quoting pipology-101
I am looking for a broker with:

A. 2 or 3 pip spread on gbpusd or audusd (for mini accounts if possible)
B. leverage of 1:400 or will settle @ 1:200 (i know i know)
c. Dealing desk does not matter but prefered not to have them
D . I am in the US so they need to do business with US resident

I did search the forume, but when I typoe the key word "x pip spread", the entire FF forume gets outputted- plz help

May the pips be with ya
And I am looking for key to a safe where the money is

But velocity trader seems to have pretty good spreads, the leverage is 1:100 though from what I know.
  • #18
  • Mar 24, 2007 6:44pm Mar 24, 2007 6:44pm
Quoting mrmikal
Lovely, these guys have a tournament named "Russian Roulette".

How appropriate is that? :-D (After all, they are based in Russia)
they quoted their Russian laws hate to see anyone in jail for not being a respectable business corporation, nothing about NFA or CFTC. How do we know they are not a Russian mob front or will I get poisoned if I criticize them?
Sorry, those events are too recent, just glad the Russians stiffed the Iranians for their nuclear reactors. Lord knows they need to prosper and get past the mafia domination in their society.

Not sure I can trust them yet when I can work with American brokers based in the USA.
  • #19
  • Edited Mar 26, 2007 11:32am Mar 25, 2007 10:45pm | Edited Mar 26, 2007 11:32am
All contact for these guys are done through e-mail only? no 800 number? not even a chat line?

Hanz, not that I doubt the usefulness here...but I must be a little old-fashioned. Again, I'm sure they're probably ok...but I just don't have enough information on these guys to feel comfortable?

Can you point out a better way to contact them...or maybe some regulatory body they are a part of? I just don't feel comfortable with what I saw.

Quoting hanz
try this broker

# Up To 500:1 Leverage
# Low Spread EURUSD 2,GBPUSD 3 ,USDJPY 2,USDCHF 3,EURJPY 3,GBPJPY 7
# NO SWAPS
# No Commission
# Minimum USD 25
# Meta Trader Platform
#Accept egold
  • #20
  • Mar 26, 2007 11:22am Mar 26, 2007 11:22am
IG Group's (UK FTSE 250 company) new FX service. Website launched January this year. EUR/USD 2 pips, AUD/USD 2 pips, EUR/GBP 2 pips, GBP/USD 3 pips. Great execution, no requote. Real time debit/credit card payment and same day withdrawal. Leverage is up to 700:1. Standard and mini in one account.

Another company Delta Stock offers 200:1 leverage, 1 pip marjor and 2-3 for most minor pairs on their level 2 module. Wonderful software.

Hope this helps.
0 traders viewing now