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My broker often rejects my withdrawals, should I be concerned?
Replied 5 hours ago -
Before you open an account with a broker, do not just beleive the information they publish on their website regarding withdrawals. Engage in a live chat with their support agent to be sure they offer instant withdrawals for your prefered withdrawal method.
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20 Days Trading Challenge with MTL UNI
Replied 5 hours ago -
Here from YouTube! I am in for the challenge, we start tomorrow!
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what are the odds of passing a prop firm challenge?
Replied 5 hours ago -
He is actually stating the truth and fact. Forget the noise on social media
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what does goat funded trader add-on mean?
Replied 7 hours ago -
An add-on is an optional extra feature you can purchase when buying a challenge to customize your account.
Think of it like buying a phone and choosing extra options such as:
extra storage,
insurance,
faster charger.
The phone still works without them — but add-ons give extra benefits.
It’s the same idea in prop firms.
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| ⚖️Is Forex Trading in UK Legal? | Yes |
| ⚖️Forex Trading Regulator | Financial Conduct Authority (FCA) UK |
| 📅 Date Established | 2013 |
| Investor Protection | Financial Services Compensation Scheme (FSCS) up to 85,000 GBP |
| ✅No. of FCA Licensed Forex Brokers in UK | 15+ |
| 💰Average OTC FX Turnover for UK 2022 (BIS Survery) | 3.755 Trillion USD |
What is Forex Trading & How Does it Work in the UK?
Forex Trading is when you try to make profit from predicting if the exchange rate of a currency will rise against another currency.
To trade forex you pair two currencies together (example GBP/USD) & if you think the exchange rate of the pair will rise, you place a buy order for a specific quantity, to profit if you are right.
On the flip side if you think the exchange rate will fall, you place a sell order to benefit from the fall.
To be able to trade forex in the UK, you need to use the services of a forex broker whose function is to provide you the trading software, liquidity & enabling environment needed to trade.Forex trading in the UK is totally legit & is regulated by the Financial Conduct Authority (FCA) UK.
If you trade with an FCA licensed broker you are eligible for compensation up to 85,000 GBP if you suffer pecuniary losses due to broker bankruptcy etc.