seeking 400-1 or HIGHER leverage Forex Brokers...anyone know of any?...like www.cmsfx.com I trade from the USA... also, with only need to open an account between $1,000 to $2,000 etc.?...please advise...
Here is something to think about I think nobody mentioned. There may be benefit to the availability of 400:1 leverage EVEN IF you never intend to use it. For example, FXCM micro requires 2.5 dollars as maintenance level per 1000 units(or 1 micro lot) in a position (400:1 obviously) Let's say I have $1,000 in my account and decide to leverage myself 50:1 and buy 50 micro lots of CHF/JPY. My used margin will be 50*2.5=125. My usable margin will be 875. That is a decent cushion. With a broker that offers a maximum of 50:1 this trade would not even be possible. I would have zero usable margin.
Very interesting. So, if I am getting it right, this means that, even with micro accounts, the higher the leverage the higher the # of lots you can trade ? That makes leverage a big selling point when comes the time of chosing a live broker.
LOL relax cable. I am not sure about others, but you sure shed some light for me. So my thanks to you. Have you given up on CMC already by any chance ?
Here is the ultimate FU to people who think you should never trade above 10:1. I am attaching my FXCM micro account statements (I deposited 360 dollars and turned it into 1789 in 4 days) At no time did I use LESS than 50:1, in fact I used 100:1 twice or three times I think. Enjoy:
Pretty tough to argue with those results. Great job Publix! The best part, in my opinion, was the withdrawal at the end PS. I shopped at Publix when I lived in Sarasota. Good prices.