Hi, i agree 400:1 leverage is scary but if you have the capital... say 100000 why not use it just leverage the total amount down. So the $200 would give you a $80000 position? I fail to see a problem here so if someone can point it out it'd be appreciated.
I guess the problem comes when people mismanage this type of trading.
Although if I had a $100000 to trade with I'd be looking at getting a "real" market account. I believe these start at $50k up.
Either way it's high risk so I wouldn't be putting the life savings into this kind of investment
Also you could free up the $100k by using half for the trading and putting the other half somewhere safe. So if needed you can just trans the money to the trading account.