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Safest broker to trade a million dollars with

  • #121
  • Mar 26, 2014 12:17pm Mar 26, 2014 12:17pm
Quoting pinoyboy
If you wish to trade a high equity based account and you are in the US, you may want to review Advanced Markets at amifx.com. They do not accept retail traders, but with a certain net worth you can qualify for what's called a wholesale account. Previously they accepted normal retail traders, but they now only cater to the higher net worth crowd and brokers. The accounts are segregated, and they are a DMA or Direct Access. Good Luck.
MF global accounts were segregated too
  • #122
  • Mar 26, 2014 12:25pm Mar 26, 2014 12:25pm
When the question is asked about safety of funds, (counterparty risk) considerations should be longevity, regulation, capital mainly. Some of the brokers mentioned here have tiny capitalisation. Unfortunately good compliance comes with a cost and brokers who have the tightest spread sometimes can't afford strong compliance. Personally I would rather pay slightly more but know that my counterparty will be around tomorrow. I also want to know that I can go into their offices and see them, get a feel for how they are (call me old fashioned). What sort of people do they employ? Have they ever breached the client segregated funds principle....How much risk do they take? (Do they trade their capital?)
  • #123
  • Mar 28, 2014 9:56am Mar 28, 2014 9:56am
Quoting Dkam
What about HotspotFx or maybe even better Bloomberg FXGO?
Or maybe FXall
  • #124
  • Mar 28, 2014 10:09am Mar 28, 2014 10:09am
Quoting Dkam
{quote} Or maybe FXall
Hotspot, Bloomberg and FxAll are no brokers.
  • #125
  • Mar 29, 2014 4:43am Mar 29, 2014 4:43am
Dukascopy.... Ah so you have to go through FXDD if you are from US? What a joke..
Before Forex I was tall, and clean shaven. Now I am an Ewok.
  • #126
  • Mar 29, 2014 8:15am Mar 29, 2014 8:15am
to be real about this question, if a person had a million dollars to trade they would figure this answer out, they woundt need to ask traders on a forum
  • #127
  • Mar 29, 2014 8:15am Mar 29, 2014 8:15am
Quoting shrike
{quote} Hotspot, Bloomberg and FxAll are no brokers.
this is why they need to keep there money and stay away from trading
  • #128
  • Apr 4, 2014 12:00am Apr 4, 2014 12:00am
I skipped ahead from all the fighting in this thread... The answer to the original question is quite simple if you're in the US:

Interactive Brokers.

Publicly traded, honest, tight spreads, low commissions, well capitalized, TONS of products (if you don't want to just trade forex).

...How is this even an argument?
  • #129
  • Apr 6, 2014 5:47pm Apr 6, 2014 5:47pm
Quoting InfinitySL
I skipped ahead from all the fighting in this thread... The answer to the original question is quite simple if you're in the US: Interactive Brokers. Publicly traded, honest, tight spreads, low commissions, well capitalized, TONS of products (if you don't want to just trade forex). ...How is this even an argument?


So did MF Global
  • #130
  • Apr 6, 2014 5:51pm Apr 6, 2014 5:51pm
I need to make a new post about Vantagefx ..... experienced 200pip bid/ask spread for over 30 min then mkt closed and opened Sunday with same to outside news period and have screen shot of it... BUT cant create new posy as junior member .. anyone willing to expose this behaviour...as many people effected.
  • #131
  • Apr 6, 2014 6:06pm Apr 6, 2014 6:06pm
Quoting lasty
{quote} So did MF Global
I am slowly getting drip fed back my account funds from the liquidators of MF Global here in Australia.
Its been a long time.
Enter Signature
  • #132
  • Last Post: Apr 6, 2014 6:30pm Apr 6, 2014 6:30pm
Quoting InfinitySL
I skipped ahead from all the fighting in this thread... The answer to the original question is quite simple if you're in the US: Interactive Brokers. Publicly traded, honest, tight spreads, low commissions, well capitalized, TONS of products (if you don't want to just trade forex). ...How is this even an argument?
I somewhat agree with your recommendation of IB. That's my broker in fact. But I wonder if citifx can have certain advantage over IB in case of SHTF scenario like knight's blowup last year.
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