Forex Forum

Is Trading 212 FSCS Protected?

No, Investments or Structured Investments you make with Trading 212 are not FSCS protected, I confirmed this from the FSCS website. Please use the link below to do it yourself. https://claims.fscs.org.uk/PreScreening/EnterDetails?_gl=1*1t0d8sc*_gcl_au*ODg1NTc1ODY5LjE3NDEzNDkyNDY.

does FP Markets require a minimum deposit in UK?

Yes, there is a 100 pound minimum deposit but if you are looking for brokers in the UK with no minimum deposit consider looking at CMC Markets, IG Markets, Oanda, City Index and maybe Pepperstone.

Which forex broker has the best demo account?

Out of the MetaTrader demo accounts I have used so far, Exness MT5 demo account & Just Markets MT5 demo account were the best for the following reasons: 1. You can change your demo account balance from your personal area (no need to send an email to customer support for change of balance; its inconvenient). 2. These demo accounts do not expire early. 3. Their trading platforms are stable and do not lag or crash 4. They offer high leverage up to 1:3000 5. They support multiple account currencies

what is nas100 symbol on Exness?

Exness calls nas100 "USTEC100" because Nasdaq is an index composed of mainly tech stock (100 biggest tech companies listed on the Nasdaq exchange.)

Can I Trust Plus500, Have They Scammed Anyone?

Plus500 is a market maker CFD broker, but that does not make them good or bad. I have not traded with them so this is my opinion only. Just because they are not a DMA broker, it does not automatically mean they are bad. They are well regulated & they are also public in the UK, Plus500 is definitely legit. Whether they are bad in terms of actual trading I don't know. But from the spreads & all the charges listed on their website, they are definitely not cheap. There are lots of reputed CFD brokers out there that are also cheap.

Does the FSCA Regulate FBS Broker?

No, the Financial Sector Conduct Authority (FSCA) in South Africa does not regulate FBS broker. FBS is a broker that has weak regulation from the Financial Service Commission (FSC) Belize and I say weak because such offshore regulators can even allow the brokers self-regulate and do as they please. FBS is not regulated by any well known market regulator anywhere in the world and little wonder they reject clients from Israel, EU & UK. Some people have been saying FBS is regulated in Australia but that is not correct, what they have in Australia is called "FBS Oceania" and is a different brand name from "FBS" in South Africa.

Does Exness Have Bonus?

I have never heard of Exness giving anyone a bonus, but my current broker EasyMarkets gives 50% bonus on deposits. I think the brokers XM, Markets.com & AvaTrade also give deposit

Does Admiral Markets Give No Deposit Bonus?

They are not giving bonus at the moment but you can try other brokers like HFM, Headway, Space Markets. If you are thinking of trading with Admiral Markets you should know that they are a very pricy broker and they charge fees for every little thing. They even charge fees for internal transfers between your own trading accounts just because the accounts have different base currencies.

Tickmill Bonus: which countries are banned from participating?

Yes, you are correct that the Tickmill no deposit bonus is $30 but several countries are banned. See the list of banned countries: Belarus, Bangladesh, Côte d’Ivoire, Colombia, Algeria, Egypt, Brazil, Angola, Argentina, Bolivia, Western Sahara, Jordan, Hong Kong SAR China, Indonesia, Lebanon, India, LN, Sri Lanka, Libya, Lesotho, Macao SAR China, Morocco, Thailand, Uganda, Palestinian Territories, Mexico, Tunisia, Taiwan, Vatican City, Venezuela, South Africa, El Salvador, Mozambique, Chile, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, Paraguay, Peru, Uruguay, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Ghana, Zimbabwe, Vietnam, Nigeria, Australia, Austria, Belgium, Pakistan, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Equatorial Guinea, Estonia, Finland, France, Germany, Greece, Greenland, Hungary, Iceland, Ireland, Italy, Kosovo, Latvia, Liberia, Liechtenstein, Lithuania, Luxembourg, Malta, Gibraltar, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Sierra Leone. If your country is not on the above list, then you can get the Tickmill $30 bonus without making any deposit. Once you create your Tickmill account, a special Welcome Account is created for you to warehouse your $30 bonus. The welcome Account has a 60 day lifespan after which it will be closed. During the lifespan of the Welcome Account, you must trade with it and if you make profits you will be required to open a live Tickmill account, fund it with the mandatory $100 minimum deposit, then transfer your profits to your live account. The Tickmill bonus is not withdrawable but the profits are.

Can you recommend synthetic indices brokers in South Africa?

Recently I traded Synthetic Indices with the broker Trading.com (formerly known as XM) in Australia and they are ASIC regulated. Trading.com has synthetic induces like Artificial Intelligence Giants Index, Crypto10 Index, Electric Vehicles Index, NFT index etc. You can also checkout the ASIC regulated broker called Vantage Markets and although I have not traded ith them, I think they also offer the Volatility Index.

Minimum Withdrawal Allowed at RCG Markets

RCG Markets has no minimum withdrawal. You can choose to withdraw all the money in your trading account as long as you do not have any open trade.

What is the minimum amount I can withdraw from FBK Markets?

R100 is the minimum withdrawal for FBK Markets that operates in South Africa as a Juristic Rep to RocketX (Pty) LTD.

What is the minimum amount withdrawable at XM?

XM minimum withdrawal is 5 USD which is the same amount as their minimum deposit.

What is Scope Markets minimum deposit with MPESA?

Scope Markets allows $10 as minimum deposit for forex traders in Kenya and $50 as minimum deposit for those investing in real stocks & Nairobi Stock Exchange futures. KES base currency is available so you can deposit in local Kenyan Shilling via MPESA.

Anyone Know Markets.com minimum deposit in ZAR?

You must always deposit at least 1,000 ZAR into your Markets.com account because that is the minimum they will permit. They also give up to 20% in bonuses when you deposit.

What is Trade245 minimum deposit in ZAR?

Trade245 offers 7 different account types and the minimum deposit is 0 ZAR on all of them. This is suspicious because I see only older more established brands doing this but Trade245 was established just recently in 2020. Also when you visit Trade245 website, there is no live chat and no real means to reach them for inquiries. You will also notice the website has too little information which is one of the signs of a scam broker. My advice is you should tread with caution as this broker may not be trustworthy.

What is Just Markets minimum deposit in ZAR?

190 ZAR minimum deposit for the MT4/5 Standard Account where spreads on EUR/USD average at around 1 pip, XAU/USD around 1.8 pips, US30 around 2.5 pips and Nas100 around 1.7 pips. 3,800 ZAR minimum deposit for the Pro & Raw Accounts where you can get up to 40% lower spreads.

eToro vs Trading 212

eToro is my preferred option for Cryptocurrency as they have 100+ crypto you can actually buy and hold. Trading 212 on the other hand offers Crypto ETFs

Is Vault Markets Regulated?

From what I see on the Vault Markets website, they are representing another broker that is FSCA regulated. Personally I wouldn't trade with Vault Markets because of this, as they are so many other forex brokers in South Africa to select from who have direct FSCA regulation.

Who Has Traded With JP Markets? Are They Safe?

JP Markets have asked people contesting unclaimed funds submit their application to be paid. I don't know what's going on with JP Markets but why do people have to contest unclaimed funds? Well, tread with caution with this broker is all I would say.