fxtrader

D

domi93

anybody familiar with this firm?

offer a 2 pip spread on the major currencies (eur/usd, usd/chf, gbp/usd, usd/jpy). margin is 500:1. This means with a standard 100 000usd contract (1000usd) you can now control 5 regular lots. The platform offers spot SILVER and spot GOLD against the dollar (XAU/USD).

http://www.fxtrader.net/
 
500:1 ????????????

Fuck i get killed in a week playing with 20:1 !!! With that leverage it's a one-shot deal buddy, and you better be damn right!

Guess how that firm makes it's money?
 
They are located in South Africa, do not accept US clients and require a min of $5000 US to open.

I would advise you do not touch with a barge pole.

Don't be so hung up with leverage, if you use proper management of your account, you will not risk the more than like 5% of your account anyway, so effectively your leverage is dependent on what you punt on each trade. If you feel really encouraged with a position, you can, if you wanted add to your position in the same direction.

With that broker you can trade upto $2,500,000. At that lot size each pip is worth $250, fully utilising your account means you get 20 pips before a margin call or account close out.

There are soooo many better brokers about!
 
They DO accept US clients and their minimum is only 100 $
for a mini-account but chat service closed before I had
all my questions answered, kind of rude
 
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