Broker with no profit/withdrawal limits
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Thread: Broker with no profit/withdrawal limits

  1. #1
    Jesrkabtts
    Guest
    Hi Y'all.

    I'm planning ahead for my $1,000,000 mark therefore I'd love to know which broker in the market would not make a decision to shut down my account since I'm making too much money!

    I've heard that they exist and believed it better to prevent opening an account with this.

    Your inputs will be much appreciated.

    Cheers.

  2. #2
    Quote Originally Posted by ;
    Hello Y'all.

    I am planning ahead for my $1,000,000 mark so I would love to know that broker in the market would not decide to shut my account since I am making too much cash!

    I have heard that they exist and believed it wiser to prevent opening an account with this.

    Your inputs will be much appreciated.

    Cheers.
    I don't think it is good idea to trust all your cash to a single broker. 3-4 brokers would be much better. Even the biggest and trustful broker can evaporate daily.

  3. #3
    nesuxxaTu
    Guest
    You can Provide alpari a trial,they have long market Existence and they have a Massive capitalization or DBFX

  4. #4
    vesSoresyesg99
    Guest
    Try Ducascopy.... There is a lot of members that have tens of thousands of dollars in their own accounts...

  5. #5
    Jesrkabtts
    Guest
    Thanks a lot guys but I believe I will stay with my current broker for now until I can shoot my account up to $100,000 later I will start to grow with brokers.

    I haven't had a issue with them since I started trading reside and although I keep hearing mixed reviews about them I believe the majority of the undesirable ones are because of beginner mistakes.

  6. #6
    Quote Originally Posted by ;
    Thanks a lot guys however I believe I will stick with my present broker for now until I can take my account up to $100,000 later I will begin to diversify with brokers.

    I haven't had a issue with them because I started trading live and although I keep hearing mixed reviews about them I believe most of the bad ones are because of beginner mistakes.
    Good luck! Tell us when you'll make $100K~!!!

  7. #7
    esresntxes_429
    Guest
    Quote Originally Posted by ;
    I am going ahead for my 1,000,000 mark therefore I would like to know which broker in the market would not decide to close down my account since I am making too much money!
    Why settling for broker? With 500.000$ in your pocket you can open an account with Deutsche Bank, Barclays Capital, HSBC, Credit Suisse or some other major liquidity supplier. Half a million means nothing to them, just don't expect to offer you 500:1 leverage

  8. #8
    Jesrkabtts
    Guest
    I'll try to. Presently on the verge of turning a 3-figure account to a 4-figure!

    PS: This could actually indie a $999 to a $1000. . .LOL

  9. #9
    Not to burst your bubble but I doubt you are going to be turning a three figure account to some million dollars anytime soon, so this is a premature question. It's easy to grab a calculator or start a spreadsheet and compound a three figure number until you've got a thousand, but actually doing that in fact is an entirely different story. Good luck anyhow!

    With that said, ignore any recommendations of Alpari, Dukascopy, and all those 3rd tier retail brökers (ECN or not). With a number as large as half a thousand you should go to get an account using a 2nd tier bröker, or perhaps better a 1st tier brokerage company. Take a look at this article for some additional details:

    Quote Originally Posted by ;
    Depending upon how big of an account, some top tier prime bröker would do the job. This would give you access to all the institutional ECNs (EBS, FXall/Accelor, Baxter-FX, Hotspot FXi, tier 1 Currenex, etc), as well as in-house aggregators. Another large trader here spoke highly of DB Autobahn. If you don't have the equilibrium for high tier (JPM, GS, DB, MS, etc), then you can start looking into second grade (FC Stone, MF Global, etc). I would begin with taking a look at the top (EBS by means of a high tier prime) and work down the chain from there.
    Many people here know nothing about people since they are not large traders, all they understand is retail brökers so that is what they will recommend for you if you say you have 500k as capital.

  10. #10
    Jesrkabtts
    Guest
    Quote Originally Posted by ;
    Not to burst your bubble but I doubt you are going to be turning a 3 figure account to some thousand dollars anytime soon, so this is a premature question. It's easy to ch a calculator or open a spreadsheet and compound a 3 figure number until you've got a thousand, but actually doing this in fact is a wholly different story. Fantastic luck anyhow!

    Having said that, ignore any recommendations of Alpari, Dukascopy, and all of those 3rd tier retail brökers (ECN or not). Having a number as large as half a thousand you should go for an account using a 2nd tier bröker,...
    Thank you a lot for your input Marv. I know it sounds early but I'm simply going ahead having successfully taking a demo account from $5000 to almost #25,000 within the space of 5 months. BTW the time period I have calculated to generate the mark is approximately 3 years.

    I was saying to myself that I'd save until I could earn $5,000 to trade with and make it live as well but after second thoughts I made the decision to re-open my live account with just $600 in the start of this month. At least when I could turn this to $5,000 prior to the year ends then I'd begin afresh next year for the $1,000,000 dream.

    It's really been a fantastic month (with no losses so far) with the balance now @ $921.25. Meanwhile I am not bent on discussing the machine until I could prove it is worth over the space of 1-2 year(s).

    With regards to the 2nd grade brokers you said they also offer high-leverages such as 1:200? If they do then I will be outside for them sooner or later.

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