is it legal and normal to open a trade with more than 1 million $ ?
is there any danger to know (except loses risks) to know before opening a trade with more 1 million dollar ?
thnx for answering
If you are trading with a prime broker and have enough equity; so why not possible?
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I must see this. Please post your million $ trade.
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ICMarkets state “There are no limits or restrictions on trade sizes, you can place trades as small as one micro lot (0.01) . Our flexible lot sizing allows you to trial the platform with minimal risk and manages your trades sizes in accordance with your account balance.”
so 10 lots is $1million. As long as you have the leverage and capital, then it is possible. Unless you’re talking about something different?
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$1M is not as big as you can imagine. It is just 10 lots. We have clients trading regularly with 5-6 lots for each trade. As far as you trade with the leverage, that is not too much. As clients’ accounts grow recently, we are expecting one trade amount to reach as much as 100 lots very soon on a regular basis. More and more investors with really big money come to forex. For some account, even a one-lot trade is too big, for another a ten-lot trade is ok.
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Ha Ha ha! I bet you’re lapping this up.
Its alright friend, we’ve all got to earn a crust…
He is just asking! For making 1M trade; can you imagine the trading equity? You may know; Prime brokers offering very limited trading leverage!!
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I think he means he has one million and wants to open a trade with that amount as margin. (Thats a question i was asking myself and my broker as well- my broker said maximum 50 Lot). So he would not open 10 Lot, he would open some hundred Lot…
Actually i do not know a “normal” Internet Broker who provides such possibilities. If i had that amount, i would go somewhere where someone opens the door, we sign a contract, shake hands, i get internet access to a trading account and do my trading.
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everything is legal.
the only limitation is your margin. brokers tend to not allow to small clients (anything below 100 million in cash) a higher margin than 1:5 when the trade goes above 500.000
so in order to have a 1 million position you need a free margin of 200.000
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You’re probably never going to hear from the OP again.
But be that as it may:
Methinks that if the OP has $200K or $1M or anywhere in between then better he gives it to me if he has to ask that question!!! LOL!!! I think he will feel better about that than losing it.
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it sounds crazy when someone willing to trade with 1 million $. by the way, just have it if you can trade in a top ratting broker , good luck
where are you from and how many years you have been trading ? can you please elaborate
its not crazy about something , its very normal , because Forex market place like an ocean where million $ looks as like a drop of water.
I am pretty sure you can in most jurisdictions, but whether you should is an entirely different matter altogether.