I would like to put Forex Hacked on a live/real money account but cannot find an appropriate broker. The broker requirements are:
1. A standard lot account
2. No asinine simultaneous maximum lot size in play
3. Minimum lot size 0.01 (one micro)
4. Fixed leverage of at least 500:1
In my research so far, I have checked out and dismissed the following brokers:
1. Alpari UK: Their standard lot account called classic has a minimum of one mini (0.10) per trade which means I would need a 50K balance to trade. In addition, they have a floating leverage which changes the larger the lot size in play is (details
here).
Alpari's mini account also does not meet the criteria because it has a maximum of 2 standard lot in play (details
here in the account comparison table).
2. GoMarkets Australia: Their standard account has a floating leverage which changes according to the account balance (details
here). All accounts have a default leverage of 100:1 which can be changed upon request.
At my current equity level, the maximum leverage I could apply for is 300:1. I calculated the difference between 500:1 and 300:1 and it represents a difference in the required margin of 17.79%. That is a big difference and that 18% may be the difference between the account blowing or not.
3. Somebody recommended HotForex but their micro account has a maximum of 8 standard lots in play and their premium account (standard lot) has a maximum of 300:1 leverage
4. InstaForex: Somebody recommended I take a look at these guys. They appear to have everything I need but they are located in Russia and are classified as a scam by FPA.
5. ActivTrades: Somebody recommended I take a look at this broker. Maximum leverage is 400:1 with a balance less than 25K. Over 25K, the leverage is only 200:1 (details
here).
In short guys, I need a good broker for Forex Hacked. Can you help?
Rick