For me it’s mostly about execution… I can trade big lots with props with minimal simulated slippage in a demo environment. I would be real nervous going to market with similar size using a stp ecn broker on every trade with no idea of available size in the orderbook.
Black swan event that can wipe out my live account = no problem with props since it’s not my money on margin.
What does the future hold? This post would have been dead 5 years ago without crypto payments. We are all at the mercy of crypto regulation going way over the line in the future.
Do you happen to know who that prime broker would be for some of those groups? And wouldn’t it make sense to trade directly with that prime broker instead?
Teir 1 prime brokers (Banks) - require ECP exemption from dod frank (10M assets) + >1M on deposit
Tier 2 Prime of primes (ADM, Saxo markets, StoneX, CFH Clearing, IS prime ect.) - require ECP exemption from dod frank (10M assets) + 100K-250K on deposit
There’s your answer, Alternatively, Eaglefx gives this option if your account size is large enough
Which liquidity providers do EagleFX use?
At the request of our liquidity providers, we cannot reveal this information to the general public. However, if a client is looking to deposit a large sum and has provided proof of funds, we are able to provide such details prior to the deposit’s completion.We can even arrange for the funds to go directly to their accounts to further safeguard their investment. As for cryptocurrencies, our liquid provider is Bitfinex.
I saved this one off a while back but never looked much into them. They claim to not solicit US citizens, but seem to accept them, nonetheless. I only heard about them through an interview I saw with Lambo Raul or whatever his name is. He mentioned that it was the only broker that he would feel comfortable with depositing large sizes… or something similar to that.
I don’t know man, the broker is pretty new with no reviews on FPA and limited reviews on YouTube that are all paid links, I don’t think I can trust a guy who says this is the only broker he will use with large deposits.
A prime of prime broker will provide retail brokers with market access. This is common in CFD and Forex platforms where the forex brokers act more as marketing matching and the prime of prime broker provides the liquidity back office, platform and administration of the accounts.
Regardless of what everyone thinks, these crypto exchanges are needed, we need them to survive the onslaught of regulators.
Coinbase is in deep sh*tcoins—and so is the SEC
Coinbase is in a world of regulatory pain right now. A report this week said the SEC is investigating the company for selling digital assets that should have been registered as securities—a development that triggered a 20% crash in its share price, and resulted in longtime Coinbase booster Cathie Wood finally dumping her position. All of this comes only a week after the Justice Department charged a Coinbase manager with insider trading.
The U.K. Wants to Cap Bitcoin Holdings. Protections Are Developing for Crypto Investors
The U.K. financial regulator is pushing for changes that would encourage caps on individual BitcoinBTCUSD +1.26% holdings and limit how cryptocurrencies can be marketed as it clamps down more broadly on retail investment in risky assets.
The regulator said it wants to reduce the number of people investing in assets that are riskier than they realize, and wants individual investors to allocate no more than 10% of their net assets to high-risk bets.
Pushing for regulatory changes that limit how cryptocurrencies can be marketed = a good thing
Pushing for regulatory changes that cap individual crypto holdings = a bad thing
Insulting. Idiotic.
Maybe we should limit how much people can spend of their own, hard-earned money, gambling at casinos or buying lottery tickets. That just sounds so ridiculous, but it really is not much different.
We’ve decided that no citizen can own more than two vehicles and two houses. Furthermore, we have decided that no citizen can invest more than 5% of their taxable income in the stock market, nor can they own commercial real estate without prior approval and licensing. Oh, and citizens may only take one vacation outside of the US per year.
How ridiculous it must become before enough people say something? Maybe, it will be too late by then.
EDIT: let’s be serious for a moment. If this was something that people could opt-in to, say, for those that want the ‘protection’… how many people would actually sign up? But at least people would have a choice.
You nailed it, people spend their entire checks on the lottery. It doesn`t have to be mega millions. Also people have lost all their money while playing in a casino where some ended up in the poor house because of gambling at the casinos addiction, No laws was made about how much money they can spend or play in a casino.and there shouldn’t be a law like that with crypto currencies
it.