Do any brokers have account limits?

Does anyone know if any brokers won't let you trade or deposit of the account passes a certain threshold? Like let's say you're a banker and open up a $50 m USD acct. Would this be allowed? I know the brokers trade interbank network WITH the successful traders to cover the expenses, but at some point they must have a limit. No? Yes? Thanks for the help.


--- Jacques

Interesting question....I reckon that low regulated dodgy broker would let you deposit unlimited amount of money (would love to see that broker office once the deposit goes through - music, dance, new gold Rolexes - Vivaaa Las Vegas!!) Any honest regulated broker would let you deposit any amount as well but don't expect leverage 100:1 with 50 mil...

With $50 mil I suppose you wouldn't need much leverage.

Heck I would retire if I had $50 mil lol.

Yes everyone has limits .. including Banks against Banks..
Its called NOP ( Net Open position)
Some also have limits in certain currencies. called concentrated currency risk.
There is also tenor risk .. Ie the longer the tenor the higher the risk..

Hi Jacques,

There is a point where depositing funds can be cost prohibitive or where a trader wishes to have a portion of his funds still available for other ventures. In such cases, FXCM clients will look to the Prime of Prime service offered through our FXCM Pro division. FXCM Pro extends a credit line to traders who can then access and trade FX without depositing all of their money in a retail margin account. They will also determine the appropriate commission setting, along with the NOP settings for evenings and weekends. NOP is Net Open Positions.

Due to the fact that larger accounts can take out significantly larger positions, these accounts may have limitations imposed on them for size held over the weekend, going into potentially volatile news events or through the less liquid hours of the trading day. NOP and commissions are customized based on the pairs an account trades, duration of trades, and platform/API utilized for sending orders to FXCM.

How do we open millions account with a broker? Direct communication and any documents? From what I know, a broker only let you deposit $10k/day.

Hi Hoang,

Large transfers are typically done via bank wire. Specific instructions will vary from one broker to the next and also depend on where your bank account is located and the currency in which your funds are denominated. If you have questions about FXCM specifically, feel free to send me a PM.