Anyone is doing SB with E*Trade

[montmorencyt2w]

Yes, if you trade with larger stakes DMA is the way to go. But many traders do not like to put £10 on the table for the FTSE future, just to give you an example.

Fair point. But while FXCM allow you to trade in minilots equivalent to about £0.50/ pip I think it is, that still represents a leverage of I think 200:1 and with an even smaller minimum account size (£300). They tell you this but I wonder if newbies realise the implications? That if it goes badly wrong you might find your £300 account has turned into a debt of £700, or possibly worse. Their margin call close out scheme (forget the exact name) may reduce the chances of this happening, but I don't think it can prevent it, and they don't even claim it always will, as far as I know. Sorry to harp on about this.