I have tried googling it but couldn’t find any solution.
I am about to start my trading journey. I am still trading with a demo account, but I should be good enough to go live very soon. I need information on the broker that has the highest leverage and margin. I am asking about this because I would like to make a lot of money through trading stocks and commodities.
I am practicing trading in gold and oil. Please suggest to me a broker with low spreads and low commission.
I was trying to hedge metal risk for my company by taking delivery of MCX nickel commodities. Can't find a broker who is offering physical delivery.
Does anyone know any? Any help is much appreciated.
EDIT - I cold-called half of the SEBI-MCX registered brokers. None of them offer delivery and auto close positions by the 24th of each month.
Whether it be here, or in any online communication platform, look closely into those giving recommendations of any kind and always scrutinize everyone. Do not trust, but rather, verify.
The National Futures Association (NFA) has an excellent website that allows you to look up various individual registered brokers from around the nation, view their employment history, and likewise as to whether any of them or their firms have been reprimanded and or even fined for improper regulatory practices.
The NFA also details all specific actions brought against these "prophets of profit" if they were found through an audit and hearing, to have broken the rules by not following the stated guidelines.
It should be an initial first step when viewing and considering what any broker may be posting about any given topic relative to commodity investment. It should be your First step when considering the hiring of broker.
If one simply goes to the NFA website: Click the Basic (Check) and then under Individual type in (First or Last) Name, you will be able to see a work history and any regulatory actions brought against a broker in their career for impropriety.
The NFA does not allow brokers to give trading recommendations of any kind without proper risk disclosures submitted and approved of by in house compliance officers and outside regulators. Promotional materials and past performances have to be proven and approved. A proven history of any claims made by said Broker needs to be available. If not, as a Broker, you get fined and or may even get your license revoked and expelled from the practice altogether.
If you see Registered Brokers posting trade recommendations of any kind without proper disclosures then it should be an automatic red flag. Look them up, look up their firm, do your research, and trust yourself.
-Its always a minority of shysters that can give an entire industry a black eye. -
Hope this finds you well.
Links provided: NFA Website (BASIC Individual)
There’s a lot of dodgy dealers out there so recommendations will be appreciated.
Trading Places - We Are (NOT) Commodities Brokers
And ...
Wall Street (Silver) - The "Most Valuable Commodity" I know of is Information!
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My current broker Zerodha just gives me 1x margin. Looking for a broker that gives me a sizable margin say 10x for NSE Futures and Crude Trading.. THOUGHTS?
Buenas, tienen idea donde puedo invertir en commodities? Salvo ppi porque no fondee la cuenta en dos meses y me la suspendieron, ahora tengo que pagar 5 lucas para que me la habiliten
- I currently use Oanda but they do not allow US customers to trade medals or oil
I need broker quotes for commodity futures in order to get the Bid-Ask spread they charge for certain contracts. Is there a way to get this from BBG or Reuters? If not, is there some other way to get this from a source and not have to call brokers? I don’t need a specific broker, I just need some data points.
