MyTradingLand Logo
Log In

Forex Forum

Join the community of forex traders.

Filter By Category
My broker often rejects my withdrawals, should I be concerned? Replied 2 months 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.
0
6
0 Subs
what does goat funded trader add-on mean? Replied 2 months 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.
0
4
0 Subs
Which brokers support ussd code deposit method? Replied 3 months ago - Deriv do not support Ussd but they support bank transfers and debit card.
0
4
1 Subs
is deriv legit Replied 3 months ago - They dont have a CMA license which is issued by the Kenyan government. This license limits the leverage brokers can offer Kenyans to 1:400 amongst other investor protection clauses.
0
3
0 Subs
Why Was Exness Banned in Malaysia? Replied 3 months ago - Thanks mate!
0
6
0 Subs
Is Quotex A Legit Broker? Replied 3 months ago - Thanks for sharing @amos
0
2
0 Subs
does Trading 212 require same minimum deposit for investors & traders? Replied 3 months ago - 1.Invest / Stocks Account (for long-term investing) You can start with as little as €1 / £1 / $1. This account is used for buying and holding real stocks and ETFs. 2.CFD / Trading Account (forex, commodities, indices, leveraged products) The minimum deposit is higher, commonly around €10 / £10 / $10 (or equivalent). This account type is used by traders, especially if you want to trade forex, CFDs, crypto, etc.
0
4
0 Subs
is ftmo on tradingview? Replied 3 months ago - No — FTMO is not a broker, so it does not appear as a TradingView broker feed. FTMO is a proprietary trading firm, not a chart/data provider or broker you can connect to directly in TradingView.
0
1
0 Subs
MT5 Replied 3 months ago - You can download from either of the two.
0
1
0 Subs
How do Forex Brokers Make Money? Replied 3 months ago - 3. Swap Fees (Rollover/Overnight Interest) Every currency has an interest rate. When you buy one currency and sell another, you pay or earn the difference. Brokers make money when: They increase the swap rate slightly They charge swap on both sides depending on the trade They receive swap from LPs and pass modified rates to retail clients Swap depends on: Central bank rates (Fed, ECB, BOE, BOJ) Long vs short positions Broker-specific markup Some brokers offer swap-free (Islamic) accounts and instead charge: A small fixed daily fee A higher spread Higher commissions Which still produces revenue for the broker.
0
3
0 Subs
Exness vs XM which is better for Nigerian traders? Replied 3 months ago - Do people still trade with XM? Exness is way better especially when it comes to funding your account in naira.
0
11
4 Subs
why do most brokers require you connect to TradingView via a raw spread account? Replied 3 months ago - Easy Markets lets you connect to TradingView with a standard account and they offer fixed spread with this standard account. I think Trade Nation also lets you connect to TradingView with a standard account too.
0
4
3 Subs
which broker trades on weekends? Replied 3 months ago - Note: I have only traded with Exness broker.
0
4
1 Subs
High minimum withdrawal with brokers: how to bypass it Replied 3 months ago - The brokers have found out this loop hole so they now check where you are resident. For instance if the broker sees you are resident in Nigeria and you open a ZAR account, they will increase the minimum deposit. A good example is the broker Trade Nation that has been discussed here, their minimum deposit for South African residents is 50 ZAR but if a Nigerian opens a ZAR account they immediately increase the minimum deposit to 500 ZAR
1
7
3 Subs
does deriv have zar account currency Replied 4 months ago - Most brokers that offer ZAR account are always regulated by the FSCA in South Africa. It is rare to see a non-FSCA regulated broker like Deriv offering ZAR accounts
0
6
0 Subs
which forex brokers are banned in Nigeria? Replied 4 months ago - Kwakol isn’t operating any longer in Nigeria.
0
6
4 Subs
What Is A Prop Firm in Forex? Replied 4 months ago - I don’t need to explain how they operate to you again because justice has been done to that but all I can tell you is that prop firm is good. Take advantage of them while they are still here. Follow their rules and secure a payout.
0
8
1 Subs
Do I download mt5 from brokers website or playstore? Replied 4 months ago - You can download from either of the two, makes no difference. Thank you
0
7
0 Subs
what should i consider when choosing a broker? Replied 4 months ago - I first of all check the brokers account types, I prefer trading with raw spread accounts so the broker must have this. I then check the payment methods to see if the broker support my local payment methods cos I need to be able to put in and withdraw money without any fuss.
0
10
0 Subs
is take profit trader a reliable legit prop firm? Replied 4 months ago - A friend of mine trades with them and he says they are okay
0
1
0 Subs
1 2 3 4 5 6 7 8 9 10 11 12