Broker with no limit on open trades and orders

People,
Is there any broker with no limit on open trades and orders?
Tried a few and they all have limits around 200 open trades...

Any suggestions?
Thanks 21vs7

Plus, that one demo acc does not expire in 30 days. ..

Oanda has no Limit, and LMAX

thank you ill check them out

Oanda does not support hedge. Otherwizze true about the open trades.

If you have a live account with a broker and they have 30 day expiry demo accounts, ask them to make a demo account permanent. I was in the same situation and because I had a live account with my broker they were happy to flag a demo account as permanent.

The problem is that I need 50+ accounts.
And broker must offer:

1. No trade limit and order limit as per number of trades (some have 200 limit)
2. Alow hedge
3. Expiry over half a year
4. Have CADCHF and other smelly pairs.
5. Allow that one can set a new demo inside MT4 platform and not to register a new account

most of those are easy to get except for the over 6 months expiry.

Hi, I'm a bit late, currently in the same situation. Excel markets has no limits on open trades, I had up to 1300 with them. No problem with hedging. And offers rebates with CBF.

tradefort

Well, I trade with profiforex and the maximum simultaneously open order is 300, but according to their client agreement, this number can be increased upon the client's request.

I was looking for the same thing and stumbled upon this thread.

So to add to the list of brokers who don't have limits for open & pending orders: Forex4you and ThinkForex.

That sounds intriguing, Alex If you don't mind me asking, what's the rationale behind placing so many orders at once? Is the goal for most of these orders to get executed, or do you end up canceling most of them?

Hey Jason,

I'm glad an FXCM representative asked this!

I don't know why others would be interested in this, but for me it was because of a strategy I invented (but unfortunately can't share!) that requires multiple orders to be placed and some of them are kept open for a period of even up to 2 months.

In my case I am interested only in actual (market) orders, not pending orders, so yeah all these orders are executed.

The ability to have many orders at once was vital to my strategy, and was the reason I left AvaTrade, because their maximum was 500 orders. Now whether that maximum would be hit would depend on market conditions, but I couldn't risk it.

By the way AvaTrade may not be the best broker when it comes to spreads, but what I liked about them was the variety of the instruments on offer, like commodities, indices, stocks, etc. A huge selection compared to other popular brokers. You could really diversify risk that way. I'm now with ThinkForex, who also have some indices and commodities, but unfortunately (with the exception of XAUUSD and XAGUSD) the minimum lot is 1 (standard) lot, which penalizes the small trader. Also their leverage on these instruments (again with the exception of XAUUSD and XAGUSD) is 1/100, whereas at AvaTrade it was 1/400. Basically I used to trade S&P500, Natural Gas, Crude Oil, etc as cheaply as though they were forex pairs. I will miss trading these instruments! They usually trend much more than forex pairs, and so are actually easier to trade than forex, so it's a pity that most brokers make them prohibitive to the small trader in the ways I described (i.e. small leverage and no micro- and mini-lots).

It's strange however that a thing like this should even have to be discussed: are most brokers' servers so slow as to make 200- or 500-order limits necessary? Or is there another reason beyond server speed?

Hi Alex,

I can't speak for other brokers, but for FXCM, the order limit of 200 is simply a safety precaution for the account similar to the minimum margin requirement. Otherwise, a trader could theoretically open unlimited positions and be exposed to unlimited risk. That said, if you're intention is to execute all these orders, and you have sufficient margin to implement this strategy, then with the trading volume you generate our Active Trader department might have a solution for you. In addition, FXCM recently introduced micro lot trading on CFDs for the S&P 500, Natural Gas and Crude Oil: http://www.forexfactory.com/showthre...79#post7321879

Sent me a PM, if you'd like to discuss details on a possible Active Trader solution.

Most non market maker should offer you no limit on orders, volume per order is a different story, market depth and so on. My EA opens multiple orders too, maybe 500 and scalps, makes money. I'm happy with my broker for this

How many trades do you want to open? It must be a number, cannot be unlimited. And actually I don't know the maximum number of oepn trades that my broker allows. I need to check it as well. But I think it's about hundreds...

Come on, Jason. You are FXCM representative (am I right)?

I don't think your answer is reasonable, it doesn't even make sense. Even if any of the broker limits their client to open max 1 order at a time, they are still be exposed to unlimited risk. 500 open orders of 0.01 lot, is the exact same risk as 1 open order of 5 lots. What if I have balance of only $10?

The only rationale why broker give this limitation is because of their server is not strong enough to serve their clients, hence they have to limit the number of opened orders. Anything related to the number of open orders in one time, minimum lot size, or leverage is most likely related to the server performance. In which this leads to excruciating pain when the clients can't open any order during high volume, or can't close their orders during high volume. Brokers may lost trust from their clients once this happens... which leads to___________________ (you can fill it yourself).

I can confirm that ThinkForex still offers unlimited number of open orders and microlots. Does anybody knows broker which open unlimited number of open orders and nanolots ??

Krzysztof

Forex4You has a limit of 500 open orders now