Nothing to it, but to do it!!! Stick to the plan FOOL!!!!
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Disliked... This gives smaller traders more options in their account. If you want to trade $4, trade 4 lots. However now you can trade 3.5 lots if you wanted. Or 3.8 lots. You will still be able to trade 1, 2, 3, 4 mini lots. See how those options work?
It allows smaller accounts to have better margin management.Ignored
DislikedI use mgforex.com and I love them.
Their server is NEVER down, and I never saw any weird tricky things coming from them.
They are also bond insured and registered with the NFA. They've been in business since 1992, which is a lot for a forex broker.
The ONLY thing I do not like is that they only "show" a little over $6 million, when current cftc min is $5 million.
Yet, when the min was $1 million a couple of months ago, they always only showed a couple of hundred thousand $$$ above that, and when the switch occurred, the immediately showed $6 million, so it seems that they do have $$$ somewhere.
In an interview, the CEO claimed that he does not see the need to show a little more than the required minimum, when the rest of the funds can be used for other purposes.
Basically, we'll never know how much they really have.
That's my only complain with them.
I am surprised nobody talks about them in here, probably because they do no advertise like other big brokers do.
And btw, I am a profitable trader who places an average of 1 trade per day in all market conditions and no problems with them at all.
I gotta be honest and say that once my current acct reaches $10,000.00, I will most likely try out Deutsche Bank, simply because I want more peace of mind (they are huge). But I will still keep my MGForex acct open to hedge my bets.
Check them out www.mgforex.com and you will see how they are. They also have an introduction video on their website that shows their offices.
Good luck !Ignored
DislikedVicebet,
You are not going to find a "REGULATED" Broker offering 200:1.
FYI....To be nothing but helpful, if you don't know your brokers, you should not be looking for high leverage either. Only you really care about your own money.....spend some time on the phone talking to actual brokerage houses.
FxjIgnored