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is cmc markets safe, has their ASIC license expired? Replied 1 year ago - CMC Markets Asia Pacific PTY LTD (trading as CMC Markets) is very safe you, can check their license information from the ASIC register here https://service.asic.gov.au/search/ CMC Markets obtained their Australian Financial Service License (AFSL) number 000238054 from the ASIC on 24/02/2004 and it remains active till today. CMC Markets is also listed on the London Stock Exchange and its shares are sold publicly making it a trustworthy company.
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what is gann markets minimum deposit & leverage? Replied 1 year ago - Their standard account minimum deposit is NGN 0, but their ECN account is quite expensive with a whooping $200 minimum deposit which i personally think is too much because gann markets is not a top tier forex broker i wouldnt advise anyone to invest that much with them. @Josiah you said they have 1:3000 leverage now but my argument is that they do not provide the proper risk management tools to handle such high leverage. For example they do not even have a mobile app so what happens if their MetaTrader is freezing and you have to quickly close a losing trade or adjust a stop loss? High leverage requires that a broker provide all the necessary tools needed to manage it.
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is gann markets in nigeria, are they regulated? Replied 1 year ago - Gann Markets is regulated by Mwali International Services Authority (MISA) which is a low tier forex broker regulator thus making Gann Markets a high risk broker. This same regulator (MISA) is the one that regulates Octafx in Nigeria. Let us be clear, I am not saying Gann Markets is a scam, i am just saying the regulatory body that licensed them is not world-class and may not be very strict in auditing them and checking their excesses. Gann Markets accepts Nigerian traders although they have no representative office in Nigeria. One red flag i noticed about Gann Markets is that in their account opening terms and conditions there is no mention that they are regulated by MISA and this is supicous. Read their terms and conditions here https://gannmarkets.com/upload/pdf/terms_and_definitions.pdf Usually when you read account opening agreements of brokers, they proudly state the name of the body that regulates them.
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does maono global markets specify any minimum deposit? Replied 1 year ago - They do not have any minimum deposit so you can deposit any amount you have. They also have various account types including a micro account in ZAR and USD base currency. Before they allow you to deposit through methods like OZOW, Visa Card, Alphapo and PayGate, you must complete all your documentation and get your account verified. Like benson said, Maono Global Markets is not FSCA regulated instead they claim to be a juristic representative of another broker called RocketX Pty LTD who are FSCA regulated.. Also note other brokers like Vault Markets and FBK Markets are also representatives to this same RocketX LTD. The danger of trading with these so called juristic representatives is that they are middle men and they can choose to be funny. I would like to hear from anyone who has opened real trades and made profit from them.
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what is xm stop out level for their trading accounts? Replied 1 year ago - The stop out occurs at 20% margin level, so even if you initiate a trade without inputting a stop loss, your entire trading account balance will not be wiped out if the market moves against you. At worst case scenario you will always have 20% of your account balance remaining in your account if you forget to use a stop loss.
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what is exness stop out level for all their instruments Replied 1 year ago - Exness stop out is 0% and to make it worse their leverage is up to 1:2000 and this is very risky,because the chances of you blowing your account balance is very high. To add fuel to the fire, Exness does not provide a central online wallet where you can warehouse funds you are not using to trade. This means any money you deposit into your Exness trading account counts as part of your free margin and can be wiped out if you do not use a stop loss.
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is cbex a forex broker, did they scam anyone in nigeria? Replied 1 year ago - I dont trade with CBEX but I heard they paused withdrawals for 15 days and if this is true, it is not a good sign. Some people say its normal but I beg to differ. A trading platform pausing withdrawal means they have liquidity issues so where is the money people gave them, has it grown wings?
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what are the pros & cons of nostro prop firm Replied 1 year ago - What i dont like about them is their evaluation accounts are not scalable
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which prop firms allow free trial of their services? Replied 1 year ago - Check out "FundedNext" prop firm I think they allow free trials for a limited period too. https://fundednext.com/
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what is firewoodfx minimum deposit? Replied 1 year ago - They have a $10 minimum deposit on their standard and micro accounts which come with fixed spread. Their premium account & cent account with variable spread also has a $10 minimuum deposit For their ecn account with variable spread from 0.0 pips, the minimum deposit is $200.
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is sportspesa a forex broker? Replied 1 year ago - Sportspesa is a sportsbetting gambling provider and they are not a forex broker in any way. Sportspesa is not regulated by the Capital Markets Authority (CMA) in kenya, instead Sportspesa activities in Kenya are supervised remotely by the Isle of Man Gambling Supervision Commission. On the other hand, FXPesa is a non-dealing forex broker regulated and approved by the CMA Kenya. So, Sportspesa and FXPesa are not related in any way.
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which broker has the lowest BTCUSD spread Replied 1 year ago - Exness has some low btcusd spread around 200 pips on their pro account
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moomoo vs tiger broker who is the better broker? Replied 1 year ago - Tiger broker definitely has lower fees
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where can i get lowest spread on nas100? Replied 1 year ago - Fusion Markets does 0.8 pips on nas100
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which brokers have the lowest XAU/USD spread? Replied 1 year ago - I get 1.1 pips average spread on XAU/USD with 1:3000 leverage at my broker: Just Markets. They are regulated by FSCA South Africa and FSC Mauritius.
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what is kwakol markets minimum deposit for beginner accounts? Replied 1 year ago - Kwakol Markets is an unregulated broker, they claim to be regulated by the Australian Securities & Investment Commission (ASIC) but their license was ceased since 19-01-2024. You can visit the ASIC website to view their regiters and confirm for yourself using this link https://asic.gov.au/online-services/search-asic-registers/
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anyone benefitted from tiger brokers promotion & bonuses? Replied 1 year ago - I got some rewards such as commission-free trading after I opened a Cash Boost Account (CBA). With the CBA you get a 20,000 SGD credit limit which you can use to buy US, HK & SG shares even without using your own money. However, you must pay in mthe money into your account or sell off the shares before the clearing settlement period expires. I was able to buy some shares and when I noticed the price had gone up, I sold them before the settlement period expired so I didnt use any of my money.
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is tiger brokers fees high, what is the total? Replied 1 year ago - To buy United States shares at tiger brokers, I paid from 0.1 USD per share as tiger broker fees. To sell the U.S. shares I paid higher from 0.11 USD per share in tiger broker fees. To buy less than one fractional U.S. share I paid from 1.023 USD per share and to sell less than 1 fractional share I paid around 1.033 USD per share. A majority of the fees go to tiger brokers as commission and platform usage fees, while the remainder goes to the United States government.
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what is the leverage at tiger brokers singapore? Replied 1 year ago - Tiger brokers has 1:4 leverage so with 1 SGD you can open a trade worth 4 SGD but you need to open a margin account with them to do this. This margin account can be opened in SGD, USD or HKD account currency so you avoid paying fees for currency conversion.
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whose on your list of lowest spread forex brokers in canada? Replied 1 year ago - I would go with Oanda for Standard Accounts and Interactive Brokers for Raw Account
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