I've been able to get much much higher leverage through clearing firms in the past when I was trading options. Options is a real headache and I know prefer charting and taking a trade each day looking for 55 pips, risking 35. I think if you take your leverage higher than 35% you won't survive long unless you are 100% accurate in your trades. Money management is simple math. 20:1 is a bit low but for a larger account is more than you would want to take. For a small account 1:50 even with 1:5:1 reward:risk and 70% winning trades is dangerous.. 20:1 though, if you have a good system you will be a millionaire in no time at that rate...
has anyone tried www.citifxpro.com ? has automated trading, 50-1 margin 2pips spread on eurusd. Though powered by saxo bank does not inspire confidence.
How much commission do you pay to Advantage on forex, and its spread on majors? Also where do you see forex.com has Ninjatrader? Since amp is IB on forex.com, should the spread be bigger than forex.com?
Vcap Futures has a lot of forex options........Paul @ Vcap is a good person to talk to if you have Forex questions. http://vcapfx.com/
Quote from MoreYummy: How much commission do you pay to Advantage on forex, and its spread on majors? 20/mill with spreads similar to IB/Dukas/MBT. 1/2 - 1 pip on the majors is now pretty much the standard for ECNs. Also where do you see forex.com has Ninjatrader? http://www.ninjatrader.com/webnew/partners_onlinetrading_brokers.htm Since amp is IB on forex.com, should the spread be bigger than forex.com? No, that's not how ib's work in the forex world. With most Fx brokers, their spreads are already inflated compared to ECNs or Tier 2's so they can afford to kick back some pips for sending business to them. When Forex.com has a 4-5 pip spread on GBPUSD (or 2-3 on the EURUSD) that is about 1-2 pips wider than the spread THEY are trading on with bank level liquidity.