Margin-free accounts?

Hi all, Bit of a strange question but I was just wondering - are there any online forex brokers out there that offer non-margin accounts? I.e. standard accounts with no margin or leverage, so if you deposit £10k thats the max you can trade? Thanks in advance, Yass

To be honest I don't have the answer for that, however if you have 10k in your accnt, then trade 1 mini lot and it will be as if there was no leverage.

Hope it helps

Daniel

PS. Unless you want it because your trying to prevent yourself from trading more?

That totally makes sense - thanks Daniel (dont know why I didn't think of that).

So assuming I deposit £10k into a mini-account, and every trade I make was using 1 lot (i.e. the full £10k of my own money) then there would be no margin or leverage applied to the transaction?

To take it one step further, are there any brokers that offer micro-accounts that I could deposit the £10k into and then trade only £1000 per transaction without margin? I know it wont produce staggering returns but I'm just thinking in terms of limiting capital losses in the early stages (naturally I would be running a demo account first...)

Btw, I love your avatar

You can't avoid margin regardless of how much money you dump into your account or how small you position size. If you trade responsibly margin will never be a factor in your trading decisions.

Thanks Phil. I'd prefer to just trade with my own capital at the moment, without any credit or leverage. I'm sure there must be some broker out there that would offer such an account, or maybe tailor one accordingly? Anyone?

I don't think you understand how a futures contract works. You don't have to use leverage but you can't avoid margin.

Thats not a problem Just set your leverage.

1:1

One Broker i Know is FXpro.

And there's one knowledgeable memebr offering a simple solution

Thanks Nasir - thats exactly what I was looking for

Do you (or anyone else) have any experience in dealing with FXPro? Would love to get some opinions of them from fellow forumites before potentially signing up.

Yass

I have seen somewhere a promotion of FXGrant, I think, which said, that one can open an account from 10$ with leverage from 1:1, and the minimum trading volume of 0.01 lot. But still, you have to have at least ~1400$ to open positions of this volume.