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  #1 (permalink)  
Old 06-15-2008, 04:03 PM
Newbie
 

Join Date: Jan 2007
Location: Toronto
Posts: 32
Default Broker for 200k account?

Hi all,

I have been struggling with this issue for a while. I have several small accounts with different brokers - if i consolidate it would be close to 220k. However, I am a little afraid of putting all my funds in one broker since i have heard some horror stories. I want to consolidate because right now same trade i have to do on 18 accounts, i would rather do it on one.

Can you people just tell me if you have a 100k+ account, for how long and with which broker so i could make a good decision. or should i just keep several small accounts?

thanks
iyad
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Old 06-15-2008, 06:00 PM
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Join Date: Feb 2008
Posts: 293
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I'ld suggest you keep atleast 2 accounts, but I would refer forex.com/Gain Capital as a good broker for 100K and over accounts.
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  #3 (permalink)  
Old 06-15-2008, 07:06 PM
 

Join Date: Sep 2007
Posts: 4
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forex.com/gain capital ?

i am not sure it would be the best choice for a 200k acc.

I would prefer rather exclusively an ECN broker : hotspot fxi or dukascopy.
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  #4 (permalink)  
Old 06-16-2008, 09:04 AM
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FX-Men Honorary Member
 

Join Date: Dec 2006
Posts: 1,000
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Definitely consider Interactive Brokers (IB).
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  #5 (permalink)  
Old 06-16-2008, 10:09 AM
Superior Master Contributor and Member
 

Join Date: Apr 2008
Posts: 932
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Interactive Brokers can be trusted IMO and also MB Trading (they are ECN). When my account is that large, I'll probably put the bulk of it with MBT, my past experience with them is that they are very honest, their downside is they are still figuring out how the internet works ... a bit prehistoric in trading platform, funding options etc.

However I agree you should have at least 2-3 accounts. Ya never know!!!
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  #6 (permalink)  
Old 07-01-2008, 11:30 AM
 

Join Date: Jul 2008
Posts: 6
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I've heard a lot of good things about IB
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