Title pretty much says everything.
I am trying to discover a broker with 1000:1 leverage supplying services to the US. Out of all of the bucket shop scammers at least among those max leverage brokers has to payout. Yes 1000:1 is a ridiculous quantity of leverage and that I will likely lose the $100 or $200 starting equilibrium but hey it only takes one profitable trade to more than double, triple, or quadruple an account with high leverage. Finally the outcome will be set by one egically positioned trade. For anybody that could hone their trading skills to win with a 20 pip stop @ a accuracy high leverage has possibility.
Whatever the result may be this will be a fun experiment.
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Potential Earnings Table
Starting Balance $100------------------Risk 20 pip(50%)---------- TP 40 pip
$$$-----------------Number Lots------------Leverage
0. $100
1. $200-----------------0.25----------------1000:1
2. $400-----------------0.5-----------------1000:1
3. $600-----------------0.5-----------------1000:1
4. $1,000----------------1------------------1000:1
5. $1,400----------------1-------------------500:1
6. $2,100----------------two-------------------500:1
7. $3,700----------------4-------------------500:1
8. $5,300----------------4-------------------500:1
9. $8,500----------------8-------------------200:1
10. $11,700-------------8-------------------200:1
Total - $100 to $11,700 using only ten transactions netting 400 pips to get a risk to reward ratio of 1:117! That's correct make it and you will brake. Remember it is not required to acquire 10 times in a row! 10 losses could happen (not in a row obviously) over the course of attaining #10. This does not seem so crazy anymore?
Kayla the trader says that I only need $1,000 $11,700 is to much! Nicely Kayla below are the stats
$100 to $1,000 with only 4 trades netting 160 pips to get a risk to reward of 1:10. It is likely to acquire 4 transactions netting 40 pips each?
The preceding chart is according to Traders Way leverage table farther down the page. Note - Sure you may have losses and those losses will be approximately 33-50%. The fantastic news is every winner ought to be 60% to 100 percent or more. This chart might be scaledRisk for example 25% or 10 percent all fairly high risk/reward situations considering traders opt for 1-5% risk.
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Comparison of two 1000:1 brokers
Assessing a Little More into FxGlory and Traders way to attempt an give try and give a comparison of both.
Every Company offering superb high leverage is generally targeted at little equilibrium retail traders. Which means that they won't provide 1000:1 using $ 20,000 to a person. Anyways the point is the leverage that they provide is conditioned in amounts of margin or equilibrium.
Lets evaluate Leverage vs Margin
Traders way -
equilibrium lower than 1000
1:1000
equilibrium from 1001 to 5,000
1:500
equilibrium from 5,001 to 10,000
1:200
equilibrium from 10,001
1:100
FxGlory -
Equity, USD Maximum leverage
$1-999
1:3000
$1000-1999
1:2000
$2000-2999
1:1000
$3000-4999
1:500
$5000-9999
1:400
$10000-29999
1:200
Above $30000
1:100
Fairly similar to TW except that they have more leverage retargeting amounts (7). Remember this shift will happen automatically when a transaction is open. Decreasing profits to some extent by raising used margin when the transaction is not automatically closed.
Right off the bat we detect FxGlory provides more leverage on each respective degree. So if you absolutely need max leverage maybe FxGlory is the way to go. Since TW has fewer Retargets and consequently interrupted transactions, I picked for TW. One of those interrupted trades could be a whopper netting 1,000's of dollars.
So far as FxGlory supplying more leverage IMHO it is not needed. 1000:1 is perfect allowing for a 20 pip stop risk. Any bigger than that and you're going to be risking the account on 1 trade. At least with 50% risk it is possible to adjust $@risk per trade trading back up to break outside or even. However, if your consistently earning greater than $5,000 each month like this then the better choice would be FxGlory or a different leverage broker because FxGlory does not have a withdrawal limit whereas Traders Way's max is $5,000 monthly.
Payment processors
Traders Way
Wire Transfer
WebMoney
Credit/Debit Card
MoneyBookers and MoneyBookers Prepaid Debit Cards
CashU
FxGlory
Credit/Debit Card
Paypal
Payza
MoneyBookers
OkPay
WebMoney
Neteller
Assessing the aforementioned FxGlory has the upper hand. Payza and Paypal are change payment processors that are readily accessible that are popular for US clients.
Spread
Traders Method -
MT4 Var Account - This is the account I signed up for because I did not sign up for some of the other account choices I can not talk for live spread results of other accounts offered. Listed below are the average spread throughout the last few days exhibited via live MT4 outcomes not the outcomes listed on site.
EUR/USD - 1.7
GBP/USD - 1.9
USD/JPY - 1.7 pip.
All these are darn good spreads would not you agree?
FxGlory -
EUR/USD - two
GBP/USD - 3
USD/JPY - 3-4
Not so appealing but still quite reasonable. Most would rather spread of two pips and under to your major's.
Deposit/Withdrawal Limits
TradersWay
No deposit restrictions
$5,000/Month Max Withdrawal
FxGlory
No deposit or withdrawal Restrion
FxGlory takes the win again!
The only question left is which delivers a more dependable trading customer? Lt;- Many important question of them
Sorry I can not offer you this advice till after testing both brokers.
Both brokers have advantages and disadvantages. Select the one with all the advantages you consider important. My assessment is as follows FxGlory may have the general hand 3 factors are Leverage increment, Payment processors, and Spread. If you compromise Spread (or only trade E/U) FxGlory could be the broker for you. As a side note because 3000:1 is offered does not mean you have to use it all.
A little advise = Before even contemplating trying that you absolutely need to know with 100% certainty how well your system works or how well you can expect it to preform. This can be for traders who've been in the business for a little while have a profitable system, are looking for a high yield investment or simply to spice things up. In any case may be don't try this as a newbie.
Good Luck And Good Trading Friends,
Johnn2Pips