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Looking for Reliable broker to trade DAX 0.01 lots

  • #21
  • Feb 17, 2016 12:55pm Feb 17, 2016 12:55pm
Quoting happyhappy
{quote} That's on the Islamic account only, they don't pay rollover cuz its not in alignment with their religion so Finpro charges them a maintenance cost. Honestly Rosy, you're posts have not been very helpful..
I am so sorry if my posts not very helpful ...I am not leading here just discussing so ...
Patience is best EA in Trading
  • #23
  • Feb 18, 2016 10:01pm Feb 18, 2016 10:01pm
Quoting Cobra
{quote} Under UK law an administrator will be appointed by a court of law. The administrator will give you a choice as to whether they ( the administrator) or the FSCS will handle your claim. It has got nothing to do with your brand name or connections Rosy. It is insurance money compensating you for your loss. Every UK company being underwritten by the FSCS and in good standing with them ( insurance premiums up to date) will be compensated.
I need your comments regarding IronFx who's Uk entity was licenced and company immediately changed its name to 8Safe UK Ltd soon after scam started. Investors/traders of Uk still yet to receive their funds almost 1 and 1/2 years post the scam happens. Have a look pasting the below url fo find out more.

link
Patience is best EA in Trading
  • #24
  • Feb 19, 2016 12:57am Feb 19, 2016 12:57am
Quoting rosyfx
{quote} I need your comments regarding IronFx who's Uk entity was licenced and company immediately changed its name to 8Safe UK Ltd soon after scam started. Investors/traders of Uk still yet to receive their funds almost 1 and 1/2 years post the scam happens. Have a look pasting the below url fo find out more. link
Rosy i do not know all the scam brokers out there. IRON FX DOES NOT have a clean record.
Like i said before : Only trade with LONDON regulated brokers. Simple. You will avoid a lot of frustration and pain if you stick with FCA regulated brokers.
Just search for them. There are plenty reliable ones.
STAY AWAY FROM Island registered brokers. They are there because regulation outside the UK, USA means NOTHING.
Never Ever Give Up!
  • #25
  • Edited 4:00am Feb 21, 2016 2:54am | Edited 4:00am
You guys are a bit all over the place with this, lots of misleading information here....

this may help you...

1) The DAX is an index of 30 companies share value so nobody can trade it directly you have to use a derivative product such as:
futures, CFD, Options etc.

2) Most retail brokers (especially MT4 brokers) will offer you the CFD route and you will not be trading directly in the market, this means that insisting on an ECN broker for trading the DAX is pointless. It also means that you need to be sure that the broker you choose does not trade against you and that they always offset their net client position in the futures market.

Because of this trading the CFD can sometimes cause more slippage than the futures market, because the broker has to constantly assess the net liability and adjust the futures holding accordingly, this will lead to time delay and therefore slippage.

4) A DAX future contract is worth 25euro per point, if you trade futures you can only trade in whole contracts. Trading futures allows you to trade directly in the futures market with no broker intervention and is the best way to trade indicies and commodaties

5) Because of the volatile nature of the DAX, margin requirements are always high and leverage is relatively low. If this is not the case with your broker you should be asking why that is...

regards
  • #26
  • Feb 21, 2016 3:26am Feb 21, 2016 3:26am
Quoting MaxDoom
You guys are a bot all over the place with this, lots of misleading information here.... this may help you... 1) The DAX is an index of 30 companies share value so nobody can trade it directly you have to use a derivative product such as: futures, CFD, Options etc. 2) Most retail brokers (especially MT4 brokers) will offer you the CFD route and you will not be trading directly in the market, this means that insisting on an ECN broker for trading the DAX is pointless. It also means that you need to be sure that the broker you choose does not trade...
We were talking strictly lots size and brokers in case you did not notice.
Don't come here with your mr "know it all" attitude and accuse us of misleading information. This is NOT the EURUSD thread where you are bullying traders around.
Nobody asked you anything. Keep your attitude to yourself pls.
Never Ever Give Up!
  • #27
  • Feb 21, 2016 3:44am Feb 21, 2016 3:44am
Quoting Cobra
{quote} We were talking strictly lots size and brokers in case you did not notice. Don't come here with your mr "know it all" attitude and accuse us of misleading information. This is NOT the EURUSD thread where you are bullying traders around. Nobody asked you anything. Keep your attitude to yourself pls.
WTF - my post is completely in line with what the OP asked - no attitude

So now go take your head out of your ass because nobody asked you anything either but here you are posting
  • #28
  • Feb 21, 2016 4:27am Feb 21, 2016 4:27am
[quote=MaxDoom;8766750]{quote} WTF - my post is completely in line with what the OP asked - no attitude So now go take your head out of your ass because nobody asked you anything either but here you are posting[/quote
You are a small boy with BIG head.
I am so happy that you are responding to me as it shows i have hit the nail on its head.
Your arrogance can be smelled a mile away.
If you really wanted to make a positive contribution then you would not have accused anybody of "misleading info". Instead of displaying some proper english manners you decided to first "poke" me with your sharp tongue .
This is your style as i have noticed numerous times on the EURUSD thread how rude you can be.
Now take some advice from me: Show respect and add what you want to add in a civilized way without insulting others.
Your arrogant style here and elswhere are simply displaying who you are as a person. You cannot be a real Brit....or are you?
To give unasked advice is very rude. Insulting others by accusing them of misleading info is worse.
Calm down , take your tea and be a good boy now.
Never Ever Give Up!
  • #29
  • Feb 21, 2016 4:32am Feb 21, 2016 4:32am
Quoting Cobra
Quoting MaxDoom
{quote} WTF - my post is completely in line with what the OP asked - no attitude So now go take your head out of your ass because nobody asked you anything either but here you are posting[/quote You are a small boy with BIG head. I am so happy that you are responding to me as it shows i have hit the nail on its head. Your arrogance can be smelled a mile away. If you really wanted to make a positive contribution then you would not have accused anybody of "misleading info". Instead of displaying some proper english manners
...
there you go, all about you, nobody poked you, nobody quoted you but you have some how decided my post was all about you....

as for unasked advice, I gave facts not advice to help the OP after he asked for information

so whatever your problem is best you put aside your ego and understand everything is not about YOU
  • #30
  • Feb 21, 2016 4:46am Feb 21, 2016 4:46am
Quoting MaxDoom
{quote}{quote} there you go, all about you, nobody poked you, nobody quoted you but you have some how decided my post was all about you.... as for unasked advice, I gave facts not advice to help the OP after he asked for information so whatever your problem is best you put aside your ego and understand everything is not about YOU
Lesson learned.​
One cannot argue with someone who is bigger than himself.
Have a joyful and prosperous day.
Never Ever Give Up!
  • #31
  • Feb 21, 2016 4:47am Feb 21, 2016 4:47am
Quoting Cobra
{quote} Lesson learned.​ One cannot argue with someone who is bigger than himself. Have a joyful and prosperous day.
sure you too but, have a good look in the mirror as the only one here being rude, having attitude and causing a stir is you...
  • #32
  • Feb 21, 2016 5:05am Feb 21, 2016 5:05am
Quoting MaxDoom
You guys are a bit all over the place with this, lots of misleading information here.... this may help you...
1)........................
.......................
4) A DAX future contract is worth 25euro per point, if you trade futures you can only trade in whole contracts.


. regards

There is now an additional DAX-5 future contract, point value of 5 €.
  • #33
  • Feb 21, 2016 5:12am Feb 21, 2016 5:12am
Quoting Forex37
{quote} There is now an additional DAX-5 future contract, point value of 5 .
well that is good news for people that want to break into futures trading then
  • #34
  • Mar 9, 2016 8:55pm Mar 9, 2016 8:55pm
FxPro uk provides dax30 cfd for trading 0.01 lot @500:1 leverage. It's #Germany30 in their Market watch symbol list.
Requotes do happen but quite bearable for me, perhaps 1 out of 10 emtries/exits. toppo
  • #35
  • Mar 9, 2016 8:56pm Mar 9, 2016 8:56pm
Quoting toppo qqq
FxPro uk provides dax30 cfd for trading 0.01 lot @500:1 leverage. It's #Germany30 in their Market watch symbol list. Requotes do happen but quite bearable for me, perhaps 1 out of 10 emtries/exits. toppo
Thanks for the tip, are their 0.01 lots about $1 per pip though?
  • #36
  • Mar 9, 2016 9:00pm Mar 9, 2016 9:00pm
Quoting happyhappy
{quote} Thanks for the tip, are their 0.01 lots about $1 per pip though?
Well min lot is 1 so it's actually $1 per pip as you say. Sorry for confusion.
  • #37
  • Mar 15, 2016 4:21pm Mar 15, 2016 4:21pm
Quoting happyhappy
{quote} Thanks for the tip, are their 0.01 lots about $1 per pip though?
Hi guys,

they also have 0.01 lot at Fxpro dax future contract now called DAX_M6 /?my guess/, so its actually one quarter of one DAX but leverage 1:50 only and spread bites pretty often.
  • #38
  • Mar 18, 2016 8:11am Mar 18, 2016 8:11am
Quoting MaxDoom
You guys are a bit all over the place with this, lots of misleading information here.... this may help you... 1) The DAX is an index of 30 companies share value so nobody can trade it directly you have to use a derivative product such as: futures, CFD, Options etc. 2) Most retail brokers (especially MT4 brokers) will offer you the CFD route and you will not be trading directly in the market, this means that insisting on an ECN broker for trading the DAX is pointless. It also means that you need to be sure that the broker you choose does not trade...
spot on info!
  • #39
  • Apr 19, 2016 3:57am Apr 19, 2016 3:57am
Hi all,

Try XTB
They are regulated by UK, office in Canada sq London. Customer service in London, your own manager also in London.
I trade DAX and oil with them. Withdrawals if done in the morning will be in your account same day or latest next day.
To have low spread best is PRO acc (they have Basic and standard with SL guarantee - larger spread).
I do my analyses in MT4 but I love they calculator on their platform called xstation. Entering the trade you see how much is your sl and tp worth.
I was previous Alpari.
Worth checking out.
  • #40
  • Apr 19, 2016 4:07am Apr 19, 2016 4:07am
I'm pretty sure you can spread bet the DAX for pennies with FXCM.co.uk.
I've got my pips - go get yours!
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