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Wanna invest $100K need broker

  • #21
  • Nov 23, 2016 1:14pm Nov 23, 2016 1:14pm
Quoting JensG
{quote} No, it's not incredible risky. Only if you put it with some dodgy retail brokers and splitting that money will mean smaller positions per broker which results in higher commission. If he can afford to lose $100k it's absolutely ok to trade with that amount.
I have to agree, I would go with one broker.

but in the end, you wont pay more commission for several small positions. To my knowledge the commission is always calculated based on position size.

If your broker charge 10USD/lot the commission would be 10USD if you have 10 positions of 0.1lot as well I reckon. Same for spread, if the spread is 1pip it is 1pip but the worth of that 1pip with 1 lot will be exactly the same as the worth of 10 0.1lot each with 1 pip.

But the advantage is building a solid partnership, less things to worry about and overall better execution then with copy trader.
  • #22
  • Nov 24, 2016 4:20pm Nov 24, 2016 4:20pm
Quoting NWGstudent
{quote}but in the end, you wont pay more commission for several small positions. To my knowledge the commission is always calculated based on position size. If your broker charge 10USD/lot the commission would be 10USD if you have 10 positions of 0.1lot as well I reckon.
The bigger your monthly volume the lesser you pay per 100k (or per million, which is how it's usually quoted). With a 100k deposit it's relatively safe to assume that his volume is bigger than common retail ones. Depending on your trading style a good commission deal can amount to a sizeable difference at the end of the day.

Take dukascopy as an example, your commission ranges from 35 down to 10 usd per million depending on your monthly volume. If you do a good number of trades per month like I do, paying 10 rather than 35 will make a significant difference to your bottom line. Actually, the difference would easily cover my cost of living for more than a month.
  • #23
  • Nov 24, 2016 4:45pm Nov 24, 2016 4:45pm
The first thing you have to due is learn online trading: instruments, indicators, analysis, risk management.
Look for a broker is only the second important thing you've to do.
Mad for business and online trading. I work with different websites
  • #24
  • Nov 30, 2016 9:54pm Nov 30, 2016 9:54pm
I have the same problem, and i finally go to XM as a reluctant choice as you do.

EXNESS beats XM in all ways but one.....the maximum volume.....the former is 1 the later is 100. (cent ACC. only)

For none-martingale traders EXNESS is a much better choice.
No one wants to be defeated~
  • #25
  • Dec 7, 2016 9:27pm Dec 7, 2016 9:27pm
Quoting rozay
I am planning on investing 200k$ and above any broker who is capable should contact
Are you the Nigerian Price that was sending me emails the other day?

Like I said to you there, I know where you can park you 200k$. Everyone else telling you XM or Exness are crazy. If you start to trade big size (which I'm sure you know) then you start to have problems withdrawing profits.

This is why you need a properly regulated ECN broker. I saw someone here said Pepperstone and I'll recommend Vantage FX in the same category of brokers that you could use. I know some account managers that use Vantage FX who clear BIG volume through them without a problem. This is the difference between a properly regulated ECN broker and the ones that you listed.
  • #26
  • Dec 8, 2016 8:31pm Dec 8, 2016 8:31pm
Quoting Badem
{quote} Are you the Nigerian Price that was sending me emails the other day? Like I said to you there, I know where you can park you 200k$. Everyone else telling you XM or Exness are crazy. If you start to trade big size (which I'm sure you know) then you start to have problems withdrawing profits. This is why you need a properly regulated ECN broker. I saw someone here said Pepperstone and I'll recommend Vantage FX in the same category of brokers that you could use. I know some account managers that use Vantage FX who clear BIG volume through...
Hey Badem,

We do have many professional traders on our book and are always willing to speak to professional traders about the ECN trading conditions that we can offer them.

Unfortunately though, we aren't able to accept clients from Nigeria. There are issues from Australian banks where we hold our segregated accounts and doing funds transfer to and from a list of countries of which Nigeria is one.
Australian Forex Broker - Try a Vantage FX RAW ECN Account Today.
  • #27
  • Dec 9, 2016 9:28pm Dec 9, 2016 9:28pm
Quoting Badem
{quote} Are you the Nigerian Price that was sending me emails the other day? Like I said to you there, I know where you can park you 200k$. Everyone else telling you XM or Exness are crazy. If you start to trade big size (which I'm sure you know) then you start to have problems withdrawing profits. This is why you need a properly regulated ECN broker. I saw someone here said Pepperstone and I'll recommend Vantage FX in the same category of brokers that you could use. I know some account managers that use Vantage FX who clear BIG volume through...
Jeez, you must be on a great commission there with Vantage! I love it when Vantage comes in after your comments. Keep up the good work Badem!
  • #28
  • Edited 8:16pm Dec 14, 2016 7:58pm | Edited 8:16pm
Quoting rozay
I am planning on investing 200k$ and above any broker who is capable should contact
Wow! You want to invest a six-figure amount. I know that FxGlory is capable. I also started my forex account with FxGlory in 2014. I began with just 3-figure equity which I have by trading to a six-figure equity. Hedging is part of my strategy, so I make good profits monthly.You are starting big compare to where I was. What I do is that I make regular withdrawal of part of my profit every month. I withdraw 50% of my profit monthly. That is part of my strategy though.
  • #29
  • Dec 14, 2016 9:08pm Dec 14, 2016 9:08pm
just opened an account with ActivTrades in the UK.
client`s money is segregated from the firm`s money.
not only is there a government guarantee of 50,000 GBP, but every client is also insured for a further 500,000 GBP in case of insolvency.
if needed, they will take this insurance even higher.
negative balance protection
  • #30
  • Dec 14, 2016 9:12pm Dec 14, 2016 9:12pm
lmax sir, you can try it
onorebate
  • #31
  • Edited 9:37pm Dec 14, 2016 9:22pm | Edited 9:37pm
just closed my account with LMAX
was not happy with the swap costs on equity cfd`s like Nasdaq100.
they charge you $50 per month if your account inactive for more than 6 months!
  • #32
  • Edited 11:40am Dec 15, 2016 12:05am | Edited 11:40am
I'm currently using ThinkMarkets and they change leverage to 1:200 if capital larger than 50K, I never had an issue with them but also I'm looking for a new broker with tighter spreads and commissions. I've shortlisted few of them:

1) Pepperstone: almost similar to ThinkMarkets, but higher commissions, and I'm looking forward to negotiate with them if they will offer me better conditions. Note that no matter how big is your deposit they still allow you to use a 1:500 leverage

2) IC Markets: Tighter spreads, also to be negotiated with, and same as above in regards to leverage

3) Darwinex: Tight spreads and commissions but in the event of FCA's new rules I'd be hesitant to deal with a UK broker till it's clear.

4) Tradeview: The best in regards to spreads and commissions, the closest to being a real ECN as their leverage is 1:100, stop-out level at 100% and been operational since 2004.

5) Invast: They don't offer a demo account but I think their spreads are tighter than Tradeview and commission is $1.5 per side.

I hope people would provide a straight forward answer to the thread starter based on experience.

Cheers,

Edit: added Invast to the list.
  • #33
  • Jan 15, 2017 12:13pm Jan 15, 2017 12:13pm
@rozay I wonder that did you choose a broker?
  • #34
  • Jan 18, 2017 5:46pm Jan 18, 2017 5:46pm
For anyone who is trading outside the 'normal retail realm' just make sure that whichever broker you choose has the tools and knowledge needed to assist you in maintaining your profitability.

https://fxpig.com/blog/educate/1505-the-missing-link/
Kevin Murcko | CEO at FXPIG
  • #35
  • Jan 18, 2017 6:39pm Jan 18, 2017 6:39pm
Quoting FXPIG.Kevin
For anyone who is trading outside the 'normal retail realm' just make sure that whichever broker you choose has the tools and knowledge needed to assist you in maintaining your profitability. https://fxpig.com/blog/educate/1505-the-missing-link/
My next test.
Good trades.
  • #36
  • Jan 20, 2017 1:15am Jan 20, 2017 1:15am
Just a general question or thought. If one would want to invest 100k into Forex but is afraid about putting all their eggs into one basket why doesnt one just deposit lets say 10k but trade as you would with a 100k account. With proper MM you wouldnt be risking more than that 10k a trade anyway. So if the first few trades are losers you reload, if they are winner continue or cashout. Am i missing something here? What is the benefit of the larger account?
  • #37
  • Last Post: Jan 20, 2017 2:05am Jan 20, 2017 2:05am
This is exactly that I did. Used leverage to my advantage, not to increase a risk. I used 20% of my deposit and rest of money stayed in bank account. Worked very well.
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