Any good 2000:1 leverage broker? | Forex Factory

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Any good 2000:1 leverage broker?

  • #1
  • First Post: Dec 10, 2016 12:14pm Dec 10, 2016 12:14pm
Hi,

I've got an a/c with exness.

However, their website, personal area, formalities and entire security and communication process sucks big time!

The actual staff are very nice but their procedures aren't. It's not easy to deal with repeated shortcomings for me...

Can anyone please recommend an alternative but good and reliable 2000:1 leverage broker ?

I'd really appreciate it,
Thanks,
-Dmfx
  • #2
  • Dec 10, 2016 8:22pm Dec 10, 2016 8:22pm
How will this kind of leverage alone make you a better trader?
  • #3
  • Dec 10, 2016 9:21pm Dec 10, 2016 9:21pm
Quoting dmfx
Hi, I've got an a/c with exness. However, their website, personal area, formalities and entire security and communication process sucks big time! The actual staff are very nice but their procedures aren't. It's not easy to deal with repeated shortcomings for me... Can anyone please recommend an alternative but good and reliable 2000:1 leverage broker ? I'd really appreciate it, Thanks, -Dmfx
Another good 1000:1 broker should be https://roboforex.com
Fast deposit and withdrawal methods
Fast execution
High Liquidity
50% tradable bonus available (however, there are some rules)
Cent account available
New York Chart
  • #4
  • Dec 11, 2016 11:35am Dec 11, 2016 11:35am
From my experience there is only Exness provide 1:2000 leverage and it's for micro account (small fund).
  • #5
  • Dec 11, 2016 2:18pm Dec 11, 2016 2:18pm
More than 1:500 is more gamble than trading imo.
  • #6
  • Dec 12, 2016 1:15am Dec 12, 2016 1:15am
Who want to get higher leverage are people want to take more risk to gain more profit and as soons as your account would explode.
  • #7
  • Dec 12, 2016 6:15am Dec 12, 2016 6:15am
Quoting Lilly88
More than 1:500 is more gamble than trading imo.
Agreed there is a line between trading and gambling.

Trading is about risk for reward while gambling is hoping you are right.

One is sustainable the other is not.
  • #8
  • Dec 12, 2016 6:25am Dec 12, 2016 6:25am
Quoting DonFF
{quote} Agreed there is a line between trading and gambling. Trading is about risk for reward while gambling is hoping you are right. One is sustainable the other is not.
at gambling I can beat the bookies most of the time on boxing so for me it's sustainable
  • #9
  • Dec 12, 2016 7:05am Dec 12, 2016 7:05am
Quoting Ross88
{quote} at gambling I can beat the bookies most of the time on boxing so for me it's sustainable
Ok Great

But trading is actually easier with less risk
  • #10
  • Dec 12, 2016 8:13am Dec 12, 2016 8:13am
There are no good brokers offering over 1:100 in leverage, anything over that those brokers have lots of toys to make you lose your money if not the maximized risk will.
  • #11
  • Dec 12, 2016 9:04am Dec 12, 2016 9:04am
Quoting OneandOnly66
There are no good brokers offering over 1:100 in leverage, anything over that those brokers have lots of toys to make you lose your money if not the maximized risk will.

I would use over 1: 200

I use reputable brokers offering 1:1000.

They may have toys but the main toy is stop loss toys. There is no need for heavy dependence on stop loss as many teach....A good trade hardly need one. Which is not to say they are not useful but if you know where your trade is going there is 90% chance it gets there.

One of the best techniques that requires less dependence on stop is the "sending out a scout technique"

Just mean use market order to place small lot size trade which allow you to widen stop loss outside the reach of any toys.

I trade the Euro using just this approach close to its 2yr support.....The same could have been done yesterday as well as it moved up almost 100 pips over night.
  • #12
  • Dec 12, 2016 9:24am Dec 12, 2016 9:24am
Quoting DonFF
{quote} I would use over 1: 200 I use reputable brokers offering 1:1000. They may have toys but the main toy is stop loss toys. There is no need for heavy dependence on stop loss as many teach....A good trade hardly need one. .
just out of curiosity what if you places a traded and you internet connection cut's out and you are using a high leverage with no stop loss you can lose all your money no??

also you said (trading is actually easier with less risk) well with no stop loss and a high leverage it dose not look like a good bet to me if you was asking me to invest in you i would put on a Scottish accent and say am out you would not last in the dragons den like I can have and will continue to do
  • #13
  • Dec 12, 2016 9:33am Dec 12, 2016 9:33am
Quoting Ross88
{quote} just out of curiosity what if you places a traded and you internet connection cut's out and you are using a high leverage with no stop loss you can lose all your money no?? also you said (trading is actually easier with less risk) well with no stop loss and a high leverage it dose not look like a good bet to me if you was asking me to invest in you i would put on a Scottish accent and say am out you would not last in the dragons den like I can have and will continue to do
I dont use high leverage even though 1:1000 is available I only use 1:200

There is hardly any need to use more than that.

Unless one is gambling anyone can test themselves if they are honest with themselves to see if they are risking too much on a trade.

If there is too much nerves in placing a trade then the lot size and/or leverage is too high there should be enough room for the initial trade to move within 50-100 pips before a stop loss kick in even when you are confident of the direction.

This is achieved by using practical lot size relative to the account size
  • #14
  • Dec 12, 2016 9:38am Dec 12, 2016 9:38am
Quoting DonFF
{quote} I dont use high leverage even though 1:1000 is available I only use 1:200 There is hardly any need to use more than that. Unless one is gambling anyone can test themselves if they are honest with themselves to see if they are risking too much on a trade. If there is too much nerves in placing a trade then the lot size and/or leverage is too high there should be enough room for the initial trade to move within 50-100 pips before a stop loss kick in even when you are confident of the direction. This is achieved by using practical lot size...

but what if this happens to you as it happen to me you place a deal and you loss internet connection you can loss all your money but for me it just hit my SL
  • #15
  • Dec 12, 2016 9:39am Dec 12, 2016 9:39am
Bokers who offer leverage of more than 1:500 I would generally run away from. It’s a market gimmicks to let you believe you can win more, but its exactly the opposite its much easier for them to steal your money. Other than that no serious broker would allow such a great exposure which should ring another bell. Cheers
  • #16
  • Dec 12, 2016 11:10am Dec 12, 2016 11:10am
[quote=DonFF;9340243]{quote} I would use over 1: 200 I use reputable brokers offering 1:1000...quote]

Reputable broker that offers 1:1000, thats a new one. Bet they have mt4 as a standard platform too.

Risk assessment is the key, dont over leverage and dont trade if you cant withstand a 500 pip stoploss.
I personaly dont take trades on lower timeframes, to much risk and to uncertain in the long run. Trade the bigger picture, D1, W1 and Mn1. There are no get rich quick strategy and you cant live of a small account with high leverage. Better find a good strategy on higher timeframes, save up some cash and use low leverage when you trade. Sometimes the trades will take weeks before they hit target. I know its sounds boring, but that is how you build your capital safe and steady.

Just my 2 cents though.
  • #17
  • Dec 12, 2016 11:15am Dec 12, 2016 11:15am
Quoting OneandOnly66
Quoting DonFF
{quote} I would use over 1: 200 I use reputable brokers offering 1:1000...quote] Reputable broker that offers 1:1000, thats a new one. Bet they have mt4 as a standard platform too. Risk assessment is the key, dont over leverage and dont trade if you cant withstand a 500 pip stoploss. I personaly dont take trades on lower timeframes, to much risk and to uncertain in the long run. Trade the bigger picture, D1, W1 and Mn1. There are no get rich quick strategy and you cant live of a small account with high leverage. Better find
...
Agreed
  • #18
  • Dec 12, 2016 11:26am Dec 12, 2016 11:26am
Quoting DonFF
{quote}{quote} Agreed
can this happen to you

place a deal and you loss internet connection without a stop loss you can loss all your money even with your 90% win rate it happen to me more than once but in the worst case scenario it just hit my stop loss in the best case it hit my take profit

with this example do you still think having no stop loss is a good idea also with no internet connection do you think your ("sending out a scout technique") technique will work out good for you???
  • #19
  • Dec 12, 2016 11:31am Dec 12, 2016 11:31am
Quoting Ross88
{quote} can this happen to you place a deal and you loss internet connection without a stop loss you can loss all your money even with your 90% win rate it happen to me more than once but in the worst case scenario it just hit my stop loss in the best case it hit my take profit with this example do you still think having no stop loss is a good idea also with no internet connection do you think your ("sending out a scout technique") technique will work out good for you???
Its the quality of the trading decision which rest on the quality of the analysis that answer all of that.

Any good analysis must factor in the monthly movement of the pair.

So the next question is for how many pips can your account survive your chosen lot size.

So bottom line its about the lot size and the portfolio balance that is the key
  • #20
  • Dec 12, 2016 11:46am Dec 12, 2016 11:46am
Quoting DonFF
{quote} Its the quality of the trading decision which rest on the quality of the analysis that answer all of that. Any good analysis must factor in the monthly movement of the pair. So the next question is for how many pips can your account survive your chosen lot size. So bottom line its about the lot size and the portfolio balance that is the key
Q,Its the quality of the trading decision which rest on the quality of the analysis that answer all of that.
but even with your high win rate at 90% without a stop loss in every deal you run the risk of blowing your whole account if you loss internet connection if you want to do this as a job/reliable income this is unacceptable if you lose internet connection you have a 10% chance of losing everything

Q,Any good analysis must factor in the monthly movement of the pair
yes but even with a 90% win rate it will still end up in blowing you account at some point in time specially if your doing this day in day over years

Q,So the next question is for how many pips can your account survive your chosen lot size
not much if you are using 1:200

do you still think not having a stop loss is a good idea because this sounds like you are trying to avoid one problem and running into a much bigger problem (They may have toys but the main toy is stop loss toys. There is no need for heavy dependence on stop loss as many teach)
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