400:1 - Dangerous -

[Cutten13]

Originally Posted by Orion602

I had my first 2 deposits with 1:400 broker - I survived 1 year with first and half year with second ...
if it is going to be your first account than you should expect it won't last for long so don't send there much and save something for second one.. 88

Which broker???

[jjgallow]

I was with m g f o r e x a few years ago...they used to have a trading contest... I entered it and turned $25,000 to $127,000 in one month. Fake money, unforunately! It was a 100:1 account, however.

That was enough to win the contest, and they gave me $2000 to trade with in their system, which was... a 400:1 ratio. This was my second account ever, and the first with such high leverage. I was a wide-eyed newbie with way too much confidence.

I was down to $24 in THREE DAYS, and have not traded the account since. I never will with that leverage. I've also noticed that they don't have contests anymore, lol...sorry about that, everyone!