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100 Million Trade Account

  • #21
  • Jun 11, 2017 1:39pm Jun 11, 2017 1:39pm
Quoting jtrade
{quote} Bearing in mind that it's unlikely any serious trader here is going to believe you have $5m to deposit, your account should be with Interactive Brokers. May I respectfully suggest you do not risk more than 0.25% per trade until you are consistently profitable on a quarterly basis... in fact, if you already have two accounts, don't open a third until you have doubled them both with no drawdown greater than 30%.
lol well I don't really care if someone doesn't believe me...Yes I currently don't risk no more than 1% per trade on my current accounts. But thanks i will check out Interactive Brokers.
  • #22
  • Jun 11, 2017 1:42pm Jun 11, 2017 1:42pm
Quoting avibe
I humbly as you not to open a $5million dollar trading account. Your question shows a dangerous naivety, and you might soon be a liquidity provider to us sharks. Keep that 5m and do something else. Trading demo for 10 years does not make you a pro. But it's your money!
I won't risk $5million if i wasn't profitable
  • #23
  • Jun 12, 2017 1:22pm Jun 12, 2017 1:22pm
fxall http://www.fxall.com/
lmax https://www.lmax.com/ny4
  • #24
  • Jun 12, 2017 1:27pm Jun 12, 2017 1:27pm
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  • #25
  • Jun 12, 2017 1:29pm Jun 12, 2017 1:29pm
Quoting 8Flow
{image}
Thank you so much!!!
  • #26
  • Jun 12, 2017 4:24pm Jun 12, 2017 4:24pm
Can't you open with any broker if you have that much money? I thought Dodd-Frank only screwed the little guys. If I read the rules correctly if you have a Net worth of $10 million you can open with any broker you want as an ECP.
  • #27
  • Jun 12, 2017 7:31pm Jun 12, 2017 7:31pm
Quoting ab-Forex
Can't you open with any broker if you have that much money? I thought Dodd-Frank only screwed the little guys. If I read the rules correctly if you have a Net worth of $10 million you can open with any broker you want as an ECP.
Yes you can with a US broker...but i want a European/ Asian/ Swiss broker. They wont accept or let me since I am an american citizen...I was thinking of maybe starting an offshore LLC (legal) and trading thru that.
  • #28
  • Jun 13, 2017 11:59am Jun 13, 2017 11:59am
But if you meet ECP requirements my understanding is you can open an account anywhere. I asked a few non US brokers and they said they accept ECP clients.
  • #29
  • Jun 13, 2017 1:27pm Jun 13, 2017 1:27pm
Quoting ab-Forex
But if you meet ECP requirements my understanding is you can open an account anywhere. I asked a few non US brokers and they said they accept ECP clients.
What brokers did you ask? Thanks!
  • #30
  • Jun 13, 2017 2:43pm Jun 13, 2017 2:43pm
Pepperstone and FxPro
  • #31
  • Jun 14, 2017 4:37am Jun 14, 2017 4:37am
You can try with Fxpro, JFD Brokers and Lmax . At least they have the reputation. Cheers
  • #32
  • Jun 16, 2017 10:24am Jun 16, 2017 10:24am
Just out of curiosity OP, may I ask how you amassed such a fortune? Especially with which to use as risk capital? Obviously it wasn't from trading so I am just curious.
  • #33
  • Last Post: Jun 16, 2017 11:18am Jun 16, 2017 11:18am
Quoting Madinvestor
Just out of curiosity OP, may I ask how you amassed such a fortune? Especially with which to use as risk capital? Obviously it wasn't from trading so I am just curious.
TF
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