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why do brokers lower their leverage at certain times? Replied 5 months ago - I guess it is to prevent you from trading big lot sizes when the broker has seen that the market is too volatile which could cause you to make very large profits or very large losses.
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may I ask which ASIC forex brokers are best for beginners? Replied 5 months ago - Alright, thank you 🙂
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is there a withdrawal fee for forex trading? Replied 5 months ago - Its broker dependent. Out of 100% of brokers, only about 20% of them do charge withdrawal fees as per my findings.
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can you trade in zar on AvaTrade? Replied 5 months ago - Avatrade has zar base currency so yes you can trade in zar.
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which australian brokers have guaranteed stops Replied 5 months ago - Alomost all ASIC regulated brokers have guaranteed stop loss, it seems like the ASIC regulator ensures they do. Pepperstone, Plus500, CMC Markets, IG Markets etc. all have guaranteed stops.
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how to withdraw from prop firm demo account Replied 5 months ago - Great question @davis ! For normal demo accounts with brokers, you cannot withdraw money because it is simulated. For prop firms they compensate you with a "payout" after you meet some trading milestone to be determined by them. However, the payout from a prop firm is not the consequence of the trades you placed on your demo account, they only pay you that money as a means of encouraging others to use the prop firm. Think abut this: 100 people buy a prop firm challenge and only 5 people receive a payout so clearly they use the money from the 95 people to pay the 5 people. Although the prop firms themselves will argue that when you place a trade on a demo account, they "mirror" the trade and execue it on their own live account hence the profits which they give to you as a payout, but there is not much evidence to backup their claim. So, if you qualify for receiving a payout from a prop fir, you can withdraw it by logging into your client area and clicking on "withdraw" or "request payout". The funds will usually be credited into your account number after some days.
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is rcg markets withdrawal instant? Replied 6 months ago - No thet do not accept PayPal. For me i use bank transfer, skrill or e-mola
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do XM withdrawals take longer than necessary? Replied 6 months ago - Their local bank withdrawal method is the fastest, as it is treated instantly. I once deposited & withdrew using my ATM card and i experienced delays (up to 3 days) in withdrawing so i suggest you only use local bank or even skrill.
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is kwakol markets regulated and legit? Replied 6 months ago - The broker has no functional website, I wonder why people ae still trading with them.
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Does Vantage Markets accept traders from Nigeria? Replied 6 months ago - Nigerians are accepted at Vantage Markets and their accounts placed under the regulation of the Vanuatu Financial Services Commission. Their leverage is 1:500 and their minimum deposit is $50.
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Please suggest legit brokers with $1 minimum deposit Replied 6 months ago - IG Markets, SpeadEX, XTB
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What Is The HFM Minimum Deposit in ZAR? Replied 6 months ago - HFM minimum deposit is $5 or ZAR equivalent
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What's Octafx minimum deposit in ZAR? Replied 6 months ago - They have a $25 minimum deposit
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what is hantec markets minimum deposit? Replied 6 months ago - Be cautious when dealing with Hantec Prop Firm because they are a separate company from Hantec Markets and they are not very timely when it comes to profit split payouts.
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is hantec markets a prop firm or forex broker? Replied 6 months ago - Hantec Markets and Hantec Challene Prop Firm are different entities, so dont mix them up. They operate differently and should have different websites, so as not to deceive people. Hantec Challenge (the prop firm arm) has not been paying out traders who passed their challenge on time from what i heard so be careful.
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Has anyone traded with the Headway broker no deposit bonus in South Africa, and were you able to withdraw the profits? Replied 6 months ago - I never knew headway gives no deposit bonus that high, i will definitely try it out.
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is the hfm demo contest worth the try? Replied 6 months ago - nah! i think you should spend your energy trading for yourself instead of participating in simulated capital contests which can be manipulated easily by the broker.
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what is the goat funded trader profit split? Replied 6 months ago - is it not funny how they require you to pay for every little thing 🤣? Personally i think profit splits are a dubious way of just reducing what they would have paid you.
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Which is the Best Forex Broker in South Africa? Replied 6 months ago - The spread is what makes a forex broker the best because it affects your trading so much. For me Trade Nation has the lowest spreads of all FSCA brokers, so they are my best.
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who regulates prop firms? Replied 6 months ago - This may sound disappointing but nobody regulates prop firms, they make their own rules. However, some countries have shut down fraudulent prop firms after several complaints from traders who they duped. Prop firms operations are similar to those of ponzi schemes because they payout older traders who pass their evaluation using funds they get through challenge purchase fees from new traders.
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