FXDD's 200:1 margin leverage

[isaac000]

New to Forex here. I am looking for a good broker with 200:1 margin leverage. FXDD offers 100:1 leverage on standard accounts and 200:1 leverage on mini accounts. I am thinking: in order to get the 200:1 leverage, one can just open a mini account, and trade 10 times of lots than you would trade with a standard account. The result is the same. Am I correct? Any other differences between standard and mini that I may have missed?

 

[Hume1515]

www.fxsol.com offers 400:1.

 

[Slavchik]

Quote from isaac000:

New to Forex here. I am looking for a good broker with 200:1 margin leverage. FXDD offers 100:1 leverage on standard accounts and 200:1 leverage on mini accounts. I am thinking: in order to get the 200:1 leverage, one can just open a mini account, and trade 10 times of lots than you would trade with a standard account. The result is the same. Am I correct? Any other differences between standard and mini that I may have missed?

First of all contact the broker you've chosen - my personal recommendation
At last week I've inquiried this one and get 1:200 for acc much more than "mini"

With )), S.

 

[ignatius]

Quote from Hume1515:

www.fxsol.com offers 400:1.

Who in their right mind uses 400:1 leverage. Go to the casino, you'll enjoy it more. I could understand if you're earning interest on unused margin, but...

 

[Bitstream]

op, i give u 1 week before u go belly up with that attitude.

 

[kooltrader]

Quote from isaac000:

I am thinking: in order to get the 200:1 leverage, one can just open a mini account, and trade 10 times of lots than you would trade with a standard account. The result is the same. Am I correct? Any other differences between standard and mini that I may have missed?

Yes, if you are very lucky and don't lose your entire money.
Just an advice: with a mini account you will the money right away. You have to be almost perfect in you trading decisions to grow a mini account to a standard one.

 

[ElectricSavant]

isaac000, may I ask if you are a scalper or a very short term trader?..excuse me, if my question is off topic...

Quote from isaac000:

New to Forex here. I am looking for a good broker with 200:1 margin leverage. FXDD offers 100:1 leverage on standard accounts and 200:1 leverage on mini accounts. I am thinking: in order to get the 200:1 leverage, one can just open a mini account, and trade 10 times of lots than you would trade with a standard account. The result is the same. Am I correct? Any other differences between standard and mini that I may have missed?