I’m located in Canada. The brokers here are not very good in the sense that the leverage is only 30:1 for Indicies. I’m not looking for large leverage for the purpose of buying larger lots. I’m looking for larger leverage so I don’t get stopped out. I buy small lots and hold them until my profit is hit. However, I need larger leverage to ensure that if there is a pull back of 2-5% in the market that I don’t get stopped out. I’m okay with large drawdowns, just don’t want to get stopped out to crystalize those losses.
So, I’m looking for either very low swaps, or hopefully no swaps. A commission on entry is fine. The lower the spreads the better.
LQDFX is listed on Going offshore to escape the CFTC as an STP/ECN broker. And they have an ECN account listed on their website too.
Do you have other suggestions?
Also, I should state that I trade using an EA that I coded. It uses market orders. So, if I’m concerned with spreads, I could easily program not to enter a trade unless the spreads are where I’m okay with them. I’m typically not entering more than 1 trade a day, some days I might get 3 or 4 round trips in, but most times I might enter 1 trade for the day. It might close the same day, next day or take a few. In periods of consolidation or pull back it can go longer before I get out though.