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is kwakol markets a scam in nigeria? Replied 6 months ago - They are unregulated and to add salt to injury, their website has been taken down. I would avoid them if I were you. There are so many legit brokers operating in Nigeria that nobody should lose money to an unregulated broker.
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is wmarkets a scam? Replied 6 months ago - They are not a regulated broker, and I have heard people complain about not being able to withdraw for weeks but they were later able to withdraw after several delays.
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Is Deriv Legally FSCA Regulated in South Africa? Replied 6 months ago - Not a recommendation but AvaTrade is good for fixed spread and I use them. I also use Trade Nation for trading currency pairs because their spread is low.
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do you think exness is better than hfm in Kenya? Replied 6 months ago - Both Exness & HFM are CMA regulated brokers offering the same 1:400 leverage and cent accounts for beginners. But when it comes to customer service & access to markets, HFM is better
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Is Robinhood an investment or trading platform in the UK? Replied 6 months ago - Robinhood is for investing and trading, but you cannot trade forex with them. Their product catalogue is very limited; you can only trade equities and options. Their customer service is a joke so beware.
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which investment platforms have cash sweep program? Replied 6 months ago - Interactive Brokers & Robinhood are the ones I know have cash sweep programs for uninvested cash. But that of Interactive brokers is more effective
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which investment platforms offer DRIP Replied 6 months ago - Robinhood DRIP does not buy into Net Asset Value discount, I prefer using Trading212 or Interactive Brokers for DRIP
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Is Exness as good as their commercials make them seem? Replied 6 months ago - I am also curious as to how the exness stop out protection works. @ozgal
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Are there any Real ECN Brokers in South Africa? Replied 6 months ago - When we say a broker is an ECN or STP broker, it doesn't mean they will not offer standard accounts where spread is the only trading fee. ECN/STP brokers offer both zero-spread accounts (where spread starts from 0.0 pips and you also pay a commission per trade) and standard accounts (where spread is higher but is the only trading fee you pay). When a broker is not an ECN/STP broker, their account types will be only standard accounts meaning spread-only accounts for example look at a broker like XM none of their accounts charge commission, so they are an example of a market maker.
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How do ECN brokers differ from STP brokers? Replied 6 months ago - ECN and STP brokers operate using the same model of sending your trade directly to the counterparty and not through a middleman. However, the ECN broker has better order management in that they can merge several small orders together for faster execution, while the STP broker sends every order individually and this can slow down execution time because the order may have to wait slightly longer to get a counterparty. The end result is ECN brokers have faster execution speed than STP brokers.
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Is blue wave trading a scam? Replied 6 months ago - I would say it depends on where you are resident. In the UK, blue wave trading would require a FCA license to sell any investment robot and if they do not have it, then they would be operating illegally.
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which broker gives free bonus without deposit Replied 6 months ago - Most of the brokers that give free bonus without requiring you to make a deposit are usually poorly regulated brokers who are high risk. That being said, there are some reputable brokers like Tickmill that give a $30 no-deposit bonus.
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anyone have a comprehensive list of tradingview brokers? Replied 6 months ago - GO Markets is one of the tradingview brokers
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how does ftmo free trial work? Replied 7 months ago - It works just like the real thing. The loss limits, profit targets etc. are the same.
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please what is exness minimum deposit via crypto? Replied 7 months ago - It depends on the coin you are depositing are you asking about USDT or BTC? Last time i tried depositing USDT it didn't work but they required $10 worth.
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what is FBS minimum deposit ? Replied 8 months ago - $5 minimum deposit but they charge withdrawal fees.
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What is the minimum withdrawal at Deriv? Replied 8 months ago - I think the minimum you can withdraw in deriv is $10 USD
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My experience with XM broker Replied 8 months ago - I doubt it is the bank that cancelled your xm deposit, maybe they are stylishly trying to make you deposit a higher amount using another deposit method like the $30 minimum deposit via bank transfer 🤣
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How do I know if my broker is A-Book or B- Book? Replied 8 months ago - B- book brokers always offer several account types while A-book brokers offer just a standard and raw account
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What is the Minimum Deposit for XM in ZAR? Replied 8 months ago - XM minimum deposit is not the same for different deposit methods. The $5 minimum you see on their website is for cards & EWallet deposits. Depositing from your South African bank account has a $30 (540 ZAR) minimum deposit.
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