[Ask] How to become a forex broker!? - page 3
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to be honest, the only person here worthy enough to or knowledgable enough to start a broker is project1972. most of you dont have the slightest clue about what it takes and how the real game works.
and if u had 150k, you wouldn't waste time here looking for how to start broker.
sorry if i've crushed anyones dreams.
to be honest, the only person here worthy enough to or knowledgable enough to start a broker is project1972. most of you dont have the slightest clue about what it takes and how the real game works.
and if u had 150k, you wouldn't waste time here looking for how to start broker.
sorry if i've crushed anyones dreams.Wow! You did it. All dreams are crushed at once.
It looks like only you know how the real game works. Would you be so kind to give us "the slightest clue"?
Wow! You did it. All dreams are crushed at once. It looks like only you know how the real game works. Would you be so kind to give us "the slightest clue"?
no im not the only one.
a friend of mine worked as programmer for a major forex broker (take a guess! 
)and his shown me how these guys make money. ie. broker has tremendous control over what you see in the market.
after you cut through all the marketing crap you will see the true ugly face of this market. im sure you will catch on after being victimized several times by a MM. but you can beleive me or not it wont matter. its your call your money. lose it or win it however you want.
no im not the only one.
Agree. But it's not a top secret.
Good idea to become a metatrader broker?
Hi there my team and I have been trading forex for a while now and have a registered trading company with a few wealthy investors , now we all were wondering why not open up our own brokerage company ? We have been having too many problems with almost all the brokers we have been with. So does anybody know of the process and qualifications one has to go through to be a forex broker? We plan only trading for ourselves not the public and run all the trades off our own servers we have running through the internet medium and use metatrader most probably as our terminal.
Also might need some advice on the laws that are in place about international brokers. We are not based in the US but we are based in South Africa.
Does anybody have any advice on this topic and the steps one has to follow to accomplish this?
Regards
Armand Strauss
Xlr8ed Trading
Hi there my team and I have been trading forex for a while now and have a registered trading company with a few wealthy investors , now we all were wondering why not open up our own brokerage company ? We have been having too many problems with almost all the brokers we have been with. So does anybody know of the process and qualifications one has to go through to be a forex broker? We plan only trading for ourselves not the public and run all the trades off our own servers we have running through the internet medium and use metatrader most probably as our terminal.
Also might need some advice on the laws that are in place about international brokers. We are not based in the US but we are based in South Africa.
Does anybody have any advice on this topic and the steps one has to follow to accomplish this?
Regards
Armand Strauss
Xlr8ed TradingCall MT4 sale office in Cyprus:
-357-25875134
95% of the new customers lose their money in the first 12 months.
Now, when the position sizing of customers get out of balance, and there is a strong trend, the clearing house can lose big, that's the reason why ALL of them have a dealing desk to monitoring customers positions, if suddenly there is a big difference, example 1000 customers are long EURUSD on a total of 150 standard lots and only 100 customers are short on a total of 23 standard lots, the dealing desk specialist can hedge the house exposure buying 127 lots through a Currenex ECN account. If they provide customers with 500 leverage, but on the ECN they have only 50 leverage, they will use their own money to hedge customers positions. That's why they enforce limits on leverage depending account size, to hedge a customer $100K account with 500 leverage they will need a 1 million of available margin at the ECN account.
I wonder, is the micro account more SAFE
i.e buy 10 lot of micro , rather than 1 lot of normal account
as the broker won't bother to hedge or target micro customer
Well...
larceny in your heart would begin from childhood.
basically your mother may place you in the position that you feel inadequete...this could be one way you might build up the pattern...there are several ways to reach this condition...
ESway too much information on your personal life
I wanna understand first, in order to training to somebody in my forum. Then I also intend open a broker etc. If anybody can tutor me, please share a little knowlegde. I want to research this problem. Please reply some my questions as above. Thank you.
Did u know that u will have to pay 10 Million Dollars to be a registered broker in NFA ..
well said, i guess be a millionaire and start thinking big. having like usd150k, better roll in fx, the only way i know it can make you a fortune or leave you nothing......
I think he could open an account with 150k with a cool broker and start trading better than what he is doing !!