Unlike other brokerages, we like to keep things simple. We only offer one account type. Everyone gets the same options and choices and most importantly the SAME support and attention from us.
Quite often, a radical approach is not liked by the masses. Its ok because when you’re trying to change a long existent mindset it takes a lot of courage to stand your ground and do the right thing. The first one through the wall always gets bloody.
Some traders will not like our radical approach. Our leverage is not the highest in the market. Our minimum deposit requirements are also not the lowest. Our pricing is not the cheapest (we don’t aim to give you 0.01 spread and then raise it up to 4.5 when you’re not looking…all in the name of “volatility from the liquidity provider”), yet, from one trader to another – if you’re serious about this, then you will know that Manhattan Global Markets is your best choice for a trading broker.
We deliberately do not offer high leverage like some of the scammy brokers out there. It is important for you (as a trader) to understand the risk and reward of using Leverage. Leverage in trading is like performance enhancement drugs in professional sports. They can give you that extra boost, but it comes with significant side-effects and risk to your trading balance.
Trading with high leverage can wipe out your account much faster and in order to protect our traders, we deliberately chose to offer leverage no more than 200. In fact, most of our accomplished traders request a leverage of 100:1, some have even gone to 50:1.
Leverage is dangerous just as much as it is attractive for traders starting out. Tread with caution.
No we don’t. If you truly believe there’s such a thing as a “free lunch” then you are welcome to sign up with those brokers that are offering you a sign up bonus. Firstly that bonus, even though sounds like real money being given to you, is not. Its a credit added into your account which you are going to use to trade. With a dealing desk working against you in each trade, the brokerage is not going to lose any money giving you that bonus because the brokerage being the “house” – it never loses.
We operate a transparent brokerage where we have no room for providing such sign up bonuses. Instead of bribing you with all these offers, we chose to equip you with real trading tools that will help you make a living from this difficult industry.
We have put blood, sweat and tears into building this brokerage. We are not here to make a quick buck and we are not looking for traders that have a similar mindset. We want serious traders to join our brokerage and anyone that’s serious about trading should not be considering opening a trade account with less than $2,000 starting capital – we’re allowing $500 as the minimum starting deposit to support traders from countries where $500 carries the same intrinsic value as $2,000 or $3,000 would in typical western nations.
The idea is to make sure you, the trader, have enough “skin in the game” and will see this as a real business – not an ATM or a Slot Machine that you chuck a few tokens thinking that when you place the cup underneath the dispenser will fill up the cup with money – it doesn’t work like that.