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  • 1 Post By jrkob

Forex Broker

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  1. #1

    Join Date
    May 2020
    Posts
    4

    Forex Broker

    Hey Guys! Does anybody know of any good Forex Brokers in HK that offer at least leverage 200:1 and accept US traders? Preferably ECN accounts?
    Thanks!


  2. #2

    Join Date
    Feb 2015
    Location
    Hong-Kong
    Posts
    6,186

    @raywebb are you sure you can still find leverage of x200 nowadays for FX ?
    IB offers up to x30 and Oanda up to x20 depending on the pair.
    By the way, IB HK can open accounts for US nationals.


  3. #3

    Join Date
    May 2020
    Posts
    4

    Thanks for the heads up! Yeah, there are plenty of offshore brokers that offer more leverage, but whether you can withdrawal your money or not, that's a gamble. My current broker is offshore and I get 400:1 leverage. I usually trade on a 4 hour chart using the ATR for my TP/SL, therefore I like higher leverage. Thanks!


  4. #4

    Join Date
    May 2012
    Posts
    420
    Quote Originally Posted by raywebb
    Thanks for the heads up! Yeah, there are plenty of offshore brokers that offer more leverage, but whether you can withdrawal your money or not, that's a gamble. My current broker is offshore and I get 400:1 leverage. I usually trade on a 4 hour chart using the ATR for my TP/SL, therefore I like higher leverage. Thanks!
    Can you share what your current broker is?

  5. #5

    Join Date
    May 2020
    Posts
    4

    I use Traders Way. I've been with them for a few years, no big problems, decent spreads. I only keep a few thousand USD in my account, and regularly withdrawal. They are unregulated so BE CAREFUL


  6. #6

    Join Date
    Feb 2015
    Location
    Hong-Kong
    Posts
    6,186

    400x leverage means that clients are out of equity after a 0.25% move.
    That's about half the daily volatility in the EUR/USD pair.
    Interesting they* can survive with this level of risk.

    * edit: they = the broker.

    Last edited by jrkob; 19-05-2020 at 09:46 PM.

  7. #7

    Join Date
    May 2020
    Posts
    4

    I only risk about 5% of my account...


  8. #8

    Join Date
    Feb 2015
    Location
    Hong-Kong
    Posts
    6,186

    Yes sorry I clarified just now I was talking about the risks taken by the broker, not the client.

    raywebb likes this.

  9. #9

    Join Date
    Oct 2010
    Posts
    19,875

    Idiots and their capital are soon parted.