Any suggestions on broker and platform I should use for multi-million PAMM?

Sep 18, 2010 at 17:31
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19 Replies
Membro Desde Feb 06, 2010   24 posts
Sep 18, 2010 at 17:31
I'm looking to satisfy some high net worth clients with a PAMM account on Forex. Deposits of over $10m will not be an issue for some of them!?

Any suggestions?

Thank you
gbpusd_trades
forex_trader_18439
Membro Desde Sep 16, 2010   2 posts
Sep 18, 2010 at 22:18
You have to be kidding! You have clients who will let you trade multi millions and you don't even know what broker to use? What broker did you use to give these clients a track record of your trading? This has to be a joke!
Membro Desde Jun 11, 2010   7 posts
Sep 19, 2010 at 03:20
Dukascopy is the best broker I have ever met. I got a IA account with them. If you are serious, we can talk in details about the commissions.

I used to have a 4 million account trade with them. No problems at all. My boss shut down the account because we lost some money. But not their fault. Dukascopy is very good. Highly recoomended!
Elkart
forex_trader_7
Membro Desde Aug 01, 2009   941 posts
Sep 19, 2010 at 09:16 (editado Sep 19, 2010 at 09:35)
Bloomberg. Interactive brokers. Maybe, just maybe Oanda. If you're starting out O, but then you'll have to ask clients to move later most probably.

Bloomberg be my first choice.

Wouldn't mess around with retail fx brokers at that level really.
Elkart
forex_trader_7
Membro Desde Aug 01, 2009   941 posts
Sep 19, 2010 at 09:19 (editado Sep 19, 2010 at 09:48)
https://www.bloomberg.com/professional/foreign_exchange/


'Whether you’re buy-side or sell-side, your trades are completely commission free on Bloomberg. Trade in spot, forwards, NDFs, options or deposits easily, with our powerful foreign exchange tools. And you can find liquidity in any currency pair or tenor, with access to over 120 global and regional providers. It’s a unique value proposition that works.'

Membro Desde Jun 11, 2010   7 posts
Sep 19, 2010 at 13:24
Elkart posted:
    Bloomberg. Interactive brokers. Maybe, just maybe Oanda. If you're starting out O, but then you'll have to ask clients to move later most probably.

Bloomberg be my first choice.

Wouldn't mess around with retail fx brokers at that level really.

Just want to ask you about that? Are you actually trade with Bloomberg. Because we only have their new pack and it cost $25,000 a year as I remember and not memtioned that you have to sign a minmum 2 years contract with them. I just simply don't like them because you have to remember a lot of shotcuts to do what you want to see, or you have to get a munual in front of your trading desk. But other than that, bloomberg is good. Just wondering maybe their trading platform is better?


Here is the link of PAMM on Dukascopy anyway, give a look:

https://www.dukascopy.com/swiss/english/management/solutions-for-money-managers/asset
Elkart
forex_trader_7
Membro Desde Aug 01, 2009   941 posts
Sep 19, 2010 at 14:17 (editado Sep 19, 2010 at 14:19)
No yet, but I have been looking at them with one eye.

But a couple of clients like Protec is suggestion you have to go pro and that's going to cost. Your average little retail broker just wont cut it. Have to go with someone big and reputable.

Platform and those kind of things become irrelevant. At that levels it's about safety of funds, insurance, instruments, legal side and so on, whole different ball game.
Elkart
forex_trader_7
Membro Desde Aug 01, 2009   941 posts
Sep 19, 2010 at 14:31
Put it this way, anyone who can hand over that kind of dosh has an army of lawyers on retainer. Better make damn sure your house is in order.
Membro Desde Jun 11, 2010   7 posts
Sep 19, 2010 at 23:53

Elkart posted:
    No yet, but I have been looking at them with one eye.

But a couple of clients like Protec is suggestion you have to go pro and that's going to cost. Your average little retail broker just wont cut it. Have to go with someone big and reputable.

Platform and those kind of things become irrelevant. At that levels it's about safety of funds, insurance, instruments, legal side and so on, whole different ball game.

You just recommend something you are not have a hand on it. How do you know it is good or not? Dukascopy is not a retail broker. I highly recommend it for two reasons: First of all, I got a IA account with them. Second, they are really good because we had 4 million US dollar account with them and never have a problem. Next time you'd better recommend people something you know about it. Otherwise, it is hard for people to believe. ^_^

Sorry about the link by the way, I didn't know the rule here.
pipinvestment1
forex_trader_16715
Membro Desde Aug 14, 2010   219 posts
Oct 29, 2010 at 05:45
MigBank or Dukascopy. They can both offer the liquidity to fill your 100 Lots
Membro Desde Nov 13, 2010   6 posts
Dec 20, 2010 at 11:57
nothing personal - if you are smart enough to rule 10 Million PAMM - so you should be able to find appropriate broker by yourself ;)
Membro Desde Jun 23, 2010   303 posts
Dec 21, 2010 at 01:29

spore posted:
    nothing personal - if you are smart enough to rule 10 Million PAMM - so you should be able to find appropriate broker by yourself ;)

Well said Spore.

BTW, I am close to hitting $900,000 and I am getting phone calls everyday from different brokers. The brokers should be knocking on your door and not the other way around.
Membro Desde Nov 13, 2010   6 posts
Dec 21, 2010 at 08:05

winsor posted:
BTW, I am close to hitting $900,000 and I am getting phone calls everyday from different brokers. The brokers should be knocking on your door and not the other way around.

bingo! that's it ;)
Membro Desde Feb 08, 2011   5 posts
Feb 10, 2011 at 20:03 (editado Feb 10, 2011 at 20:06)
spore posted:
    
winsor posted:
BTW, I am close to hitting $900,000 and I am getting phone calls everyday from different brokers. The brokers should be knocking on your door and not the other way around.

bingo! that's it ;)

Ya what he said ! The Brokers are always looking for Wales,,,, that's why ,, well one of the reasons many bigger traders have a few brokers with accounts under 250,000 so the wale hunters cant see them............
When In Doubt Stay Out !
Membro Desde Mar 12, 2011   36 posts
Apr 03, 2011 at 15:16
10 000k? stop taking drugs!
Membro Desde Oct 20, 2010   75 posts
Sep 13, 2011 at 08:52
Try trading anything over 1 lots with any retail broker and see what happens...

mmaaaddd slippage.

This is the reason why retail forex traders only make aroung 2 - 3k per month.
My account
walker36
forex_trader_36599
Membro Desde May 13, 2011   1341 posts
Sep 13, 2011 at 10:01
ok Lets wait think.

there some guys are ready to give their $10 mi. to trader. and this trader who is going to manage that fund is looking for good brokers at MYFXBOOK.


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walker36
forex_trader_36599
Membro Desde May 13, 2011   1341 posts
Sep 13, 2011 at 10:26
ohh sorry I forget that, and PLATFORM. he needs advise on PLATFORM also.

what is PLATFORM??

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walker36
forex_trader_36599
Membro Desde May 13, 2011   1341 posts
Sep 13, 2011 at 10:31
dear trader

IF there are some guys that guys giving you that amount of fund you can do following

- you can tell them that you have no clue about a good broker and a good platform even about trading. and advise them to find pro trader.

- if you would like to manage that fund, in your situation good broker and good platform will not change anything due you will unfortunatelly loose all fund. you can use any!!

- instead of doing it slowly and spending hours infront of screen, give a chance to VEGAS. it can be more fun.

regards
walker
Membro Desde Jan 09, 2011   23 posts
Sep 30, 2011 at 12:20
Wow Steve,

Dont be so harsh on him. Maybe he just planned to crack a joke and make our day a little brighter with this joke.
T1FX, Making Money Is Automatic
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