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Thread: Why some brokers have high minimum deposit?

  1. #11
    Member forexman is a glorious beacon of light forexman is a glorious beacon of light forexman is a glorious beacon of light forexman is a glorious beacon of light forexman is a glorious beacon of light forexman's Avatar
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    Quote Originally Posted by dweet View Post
    Brokers used high minimum deposits as a way to choose only quality and high networth traders. They prefer to have clients who trade in high volume since traders with high deposits will trade with big lots. In layman term they want to catch big fish only and don't want small fish like us.
    i think you are right.if they have high minimum deposit only experienced will trade and they also get lot of money by spreads when they have clients with high deposit they get more when traders open more trades

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  3. #12
    Member bigearners will become famous soon enough bigearners's Avatar
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    Quote Originally Posted by forexman View Post
    hi, i want to know that why some brokers still have high minimumdeposit as most of brokers allowing from $1.some still have $100 or more?
    It will depend on broker to broker and every broker have different type of strategy.. because when broker makes incomes so that they will into market for long time. Even, our broker is best with such small deposit of 1$..may some have minimum 5000$ too...which is difficult to invest for small traders like us.

  4. #13
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    I dont know about it very well but I think every broker have on policies of trade and different brokers provide different type of facilities to traders and start trading with minimum capital it is a facility or maybe some brokers scams.

  5. #14
    Banned sinjiku is on a distinguished road sinjiku's Avatar
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    Quote Originally Posted by muhammadatif View Post
    I don’t know about it very well but I think every broker have on policies of trade and different brokers provide different type of facilities to traders and start trading with minimum capital it is a facility or maybe some brokers scams.
    facilities provided that sense is also a broker and the broker who used many traer I think the possibility of a scam is very small unless the broker is making persuasion bonus unreasonable

  6. #15
    Senior Member asingh601 has a spectacular aura about asingh601 has a spectacular aura about asingh601's Avatar
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    Bhai sabhi company apne rules and regulation hota hai use karne ka isliye ho sakta hai ki kai broker minimum deposit high hota hoga broker ka par Insta Forex ka terms of use alag hai iska minimum deposit 1$ hi hai.

  7. #16
    Senior Member yogesh is a glorious beacon of light yogesh is a glorious beacon of light yogesh is a glorious beacon of light yogesh is a glorious beacon of light yogesh is a glorious beacon of light yogesh's Avatar
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    It may be difficult for a broker to manage lot of clients and from those with little amount like 1$ they are not going to gain much spread but they all are going to use the resources available so some brokers may set higher minimum to limit only good traders.

  8. #17
    Member wolfkamikaz will become famous soon enough wolfkamikaz will become famous soon enough wolfkamikaz's Avatar
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    there are brokers seeking the right professional and beginners becaufe he avoids people in the forex business it already has a lot of money and $ 500 is nothing but a beginner is a lot and can not risk with $ 500

  9. #18
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    i guess this question is not for the trader. this should have asked to the broker houses.
    because this the activity of the broker houses and they have 100% control over there. they must the answer of this question.
    if fact this is none of our business.

  10. #19
    Member fxquest will become famous soon enough fxquest's Avatar
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    may be such brokers already have enough clients and or they want only clients that are sincere and they want to utilise available resource at a maximum level though other brokers who have large infrastructure like instaforex may allow smaller deposits and give trading opporutnity to every one.

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  12. #20
    Senior Member sunil is on a distinguished road sunil's Avatar
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    It may be difficult for a broker to manage lot of clients and from those with little amount like 1$ they are not going to gain much spread but they all are going to use the resources available so some brokers may set higher minimum to limit only good traders.

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