Wanted: Good MT4 Broker Offering 400:1 Leverage | Forex Factory

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Wanted: Good MT4 Broker Offering 400:1 Leverage

  • #1
  • First Post: Aug 5, 2008 10:55pm Aug 5, 2008 10:55pm
Can anyone suggest a "good" broker that offers a MT4 trading platform, 400:1 leverage on a mini or micro account, and is not plagued with problems that make you regret opening an account?

That may be asking for a miracle considering what I have heard so far, but surely there is one somewhere.

I know FXCM offers that on micro accounts, but I keep hearing so many bad reports on them here that I am skeptical of them.

I need some suggestions so I can try a good trading strategy that would work better on higher leverage.

Thanks.
  • #2
  • Aug 6, 2008 1:35am Aug 6, 2008 1:35am
Why settle for 400, why not go 500!

I have no idea what they're like but how about Alpari?

Alpari UK sucked when I traded with them for a few weeks, I don't know if the Russian branch is any better.
  • #3
  • Aug 6, 2008 4:18am Aug 6, 2008 4:18am
Quoting PistolDave
Can anyone suggest a "good" broker that offers a MT4 trading platform, 400:1 leverage on a mini or micro account, and is not plagued with problems that make you regret opening an account?

That may be asking for a miracle considering what I have heard so far, but surely there is one somewhere.

I know FXCM offers that on micro accounts, but I keep hearing so many bad reports on them here that I am skeptical of them.

I need some suggestions so I can try a good trading strategy that would work better on higher leverage.

Thanks.
interbankfx
  • #4
  • Aug 6, 2008 6:07am Aug 6, 2008 6:07am
Quoting FedePresident
interbankfx
They look great when you look at their site and what they offer, but they are getting some very bad reviews lately at the Forex Peace Army's review site: http://www.forexpeacearmy.com/public...nterbankfx.com

I know that doesn't represent everyone, but there are some really unhappy people to give this kind of review.

Thank you,
pd
  • #5
  • Aug 6, 2008 6:10am Aug 6, 2008 6:10am
I've made very good experiences with Alpari UK...
  • #6
  • Aug 6, 2008 6:19am Aug 6, 2008 6:19am
Quoting lostinspace
Why settle for 400, why not go 500!

I have no idea what they're like but how about Alpari?

Alpari UK sucked when I traded with them for a few weeks, I don't know if the Russian branch is any better.
Hi lostinspace,

On Alpari website, in order for someone from USA to open an account it is required:

(ONLY for customers based in the United States)
If you are based in the United States, we are only able to open a live account for you if:

  1. you are an "Eligible Contract Participant" as defined in Section 1a (12) of the Commodities and Exchanges Act ("CEA") and provide evidence to prove your status; and
  2. you sign and send to us the Eligible Contract Participant Notice in addition to other documents specified on the "Open a live Account" webpage.

An "Eligible Contract Participant" is: ............

11. an individual who has total assets in an amount in excess of

  1. a) $10,000,000; or
  2. b) $5,000,000 and who enters into the agreement, contract, or transaction in order to manage the risk associated with an asset owned or liability incurred, or reasonably likely to be owned or incurred, by the individual.

.........

So, I would say that counts me out!

  • #7
  • Aug 6, 2008 6:42am Aug 6, 2008 6:42am
I'm currently trying Activ Trades. They are from UK, and they are FSA regulated. They seem to be pretty OK. Here's the link to their site: http://activtrades.com/index.aspx?page=forex&lang=1
A good trade is when I Break Even. A great trade is when I Take Profit.
  • #8
  • Aug 6, 2008 7:05am Aug 6, 2008 7:05am
Quoting PistolDave
Hi lostinspace,

On Alpari website, in order for someone from USA to open an account it is required:

(ONLY for customers based in the United States)
If you are based in the United States, we are only able to open a live account for you if:

  1. you are an "Eligible Contract Participant" as defined in Section 1a (12) of the Commodities and Exchanges Act ("CEA") and provide evidence to prove your status; and
  2. you sign and send to us the Eligible Contract Participant Notice in addition to other documents specified on the "Open a live Account" webpage.

An "Eligible Contract Participant" is: ............

11. an individual who has total assets in an amount in excess of

  1. a) $10,000,000; or
  2. b) $5,000,000 and who enters into the agreement, contract, or transaction in order to manage the risk associated with an asset owned or liability incurred, or reasonably likely to be owned or incurred, by the individual.

.........

So, I would say that counts me out!

I think this is only relevant if you are a US citizen trying to open an account through Alpari UK.

Try going to the US web site. http://www.alpari-us.com/ I don't think you will find the same restriction.
  • #9
  • Aug 6, 2008 10:03am Aug 6, 2008 10:03am
I use InterbankFX and they are good
Trade what you see, not what you think.
  • #10
  • Edited 11:04pm Aug 10, 2008 11:01pm | Edited 11:04pm
Quoting Cornelius
I'm currently trying Activ Trades. They are from UK, and they are FSA regulated. They seem to be pretty OK. Here's the link to their site: http://activtrades.com/index.aspx?page=forex&lang=1



Karmostaji: Thanks for the advice.


Thanks, Cornelius.
Unfortunately, they do not accept US citizens, which I happen to be.
From their help desk:

Dear Mr. Ferguson,

1)No, we don’t accept US citizens or residents.
2)Yes, we offer 1:400 leverage also on minilots (and even on microlots)
3)Once you’ve installed the platform, you have to enter your personal data on the acct. opening window (click on file / open an account), and register, in order to activate your demo account.

We’re kindly available for any further question.

Best regards

......
  • #11
  • Feb 14, 2009 12:34pm Feb 14, 2009 12:34pm
pistoldave disregard forexpeacearmy reviews the website was owned by a certain felix homogratus who was one shady character, last i heard he was under investigation for fraud, so u cant really verify the authenticity of the reviews.
  • #12
  • Feb 16, 2009 3:52am Feb 16, 2009 3:52am
IMO, u may/can encounter "problems" w/ all brokers, in 1 time or another.
  • #13
  • May 17, 2009 9:19pm May 17, 2009 9:19pm
mt4 brokers

fxopen.com
fxpro.com
activtrades.com

fxdd is 1:200
fxcm live accts are 400:1, but you must request this. I have an email from a live representative confirming this. Their current demo, now more in-line with ECN, but only offers 100:1 leverage.

But all of them have low acct balance caps. Like fxopen is $3k activtrades is $5k euro, and I'm waiting to hear from fxcm on their acct maximums. not sure about fxpro.com acct max with high leverage.

So you could open several small accts and just keep manually opening up small accts. I guess the idea is that you'll double up enough and then get tired of it and open up standard acct.

I'm surprised at how many threads that are asking for 400:1 leverage. This should be consolidated.
Measure trends automatically with zero lag
  • #14
  • Apr 8, 2010 7:45am Apr 8, 2010 7:45am
fxopen i have no experiance
but fxpro and activtrades are real scammers

try avoid them at all cost. i worked for them and they cheated me and my partners . fsa regulated cyprus bullshit wtf is this


what i need is 1:400 too and i like to deposit 50k and more ..

please anybody advise me !
  • #15
  • Apr 8, 2010 10:01am Apr 8, 2010 10:01am
Quoting PistolDave
Can anyone suggest a "good" broker that offers a MT4 trading platform, 400:1 leverage on a mini or micro account, and is not plagued with problems that make you regret opening an account?
Doomed before you even start...way to much leverage on way to little capital.
  • #16
  • Apr 8, 2010 10:14am Apr 8, 2010 10:14am
Based on Maxey's experience, I would strongly avoid FX Open, unless there is clear evidence that they have become good.
  • #17
  • Apr 8, 2010 10:17am Apr 8, 2010 10:17am
Quoting >Apocalypto<
Doomed before you even start...way to much leverage on way to little capital.
I think it's more difficult to get high leverage with a large deposit. Some brokers (e.g. GoMarkets) forbid high leverage for large deposits.
  • #18
  • Apr 8, 2010 11:06am Apr 8, 2010 11:06am
Quoting Hyper
I think it's more difficult to get high leverage with a large deposit. Some brokers (e.g. GoMarkets) forbid high leverage for large deposits.
some do like you have noted, but plenty allow it. not a bad thing if you can control yourself. for a new trader it's a potential killer.
  • #19
  • Last Post: Apr 9, 2010 1:03am Apr 9, 2010 1:03am
yes i called them yesterday but only up to 25k
i need to have 50k+ above in the account
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