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what is goat funded trader leverage? Replied 8 months ago - Goat funded trader is a prop firm with 1:30 leverage during the first challenge phase and up to 1:100 leverage during the second challenge phase. if you pass the challenge and become a funded trader you still get 1:100 leverage on your funded account.
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does goat funded trader offer free trials? Replied 8 months ago - No, goat funded trader does not allow free trials on their platforms. You need to purchase a plan from the goat funded trader list of plans before you can access their platforms to trade simulated capital.
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is goat funded trader a legit prop firm? Replied 8 months ago - Yes goat funded trader is a legit prop firm complete with positive reviews on Trust Pilot. A friend of mine currently trades with them but you should keep in mind that goat funded trader is not regulated so when dealing with prop firms there is a high risk.
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has ftmo 10k challenge fee been reduced? Replied 8 months ago - There's an ongoing promotion on the 10K FTMO Challenge at 89€ instead of 155€, this offer is available on one active 10K FTMO Challenge at a time
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what is the profit split at ftmo prop firm? Replied 8 months ago - FTMO shares profit with traders 80/20 before scaling and then after scaling they share 90/10.
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is maven prop firm regulated? Replied 8 months ago - Maven Trading has also said in their risk disclosure statement that the chances of you getting a winning trade with them and withdrawing money is only 2.5% so you should understand that it is not going to be a walk in the park. There is a high chance you will fail the evaluation. read risk disclosure here https://maventrading.com/risk-disclosure/
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how to get maven prop firm coupon code? Replied 8 months ago - get the maven prop firm code from prop firm match website or YouTube channel
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does maven prop firm have MetaTrader? Replied 8 months ago - maven prop firm does not offer metatrader instead they offer cTrader and another platform called match-trader. May I add that lots of prop firms used to offer metatrader in the past but due to the unregulated nature of prop firm activities, metatrader had to de-platform several prop firms and stop doing business with them.
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Is forex guru investment real or fake? Replied 8 months ago - Forex Guru Investment is definitely a scam and the FSCA South Africa has issued a public warning about them. https://www.fsca.co.za/News%20Documents/FSCA%20Press%20Release%20-%20Public%20warning%20against%20Forex%20Guru%2029%20September%202021.pdf
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rcg markets vs space markets which should I choose? Replied 8 months ago - In my opinion, RCG Markets is better for beginners because they have a demo account while Space Markets does not. RCG Markets also has lower spreads than Space Markets.
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ifx vs vault markets micro account, which is better? Replied 8 months ago - iFX Brokers trades against you and there is an advantage in this because when you place a very small order (like the ones on micro accounts) iFX can easily fill these orders thus faster execution time. So I go with iFX brokers
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can someone explain how to hedge a trade in forex? Replied 8 months ago - Great of you to ask Asamoah! To hedge an open trade for one instrument, you need to open another trade for an instrument that is negatively correlated to the open trade, so that losses from the first open trade will be offset by gains from the second/newly opened trade. For example EUR/USD and USD/CHF are negatively correlated so when the price of EUR/USD is falling, that of USD/CHF will be rising. If you opened a EUR/USD long trade and it is in a loss because EUR/USD is falling, you can open a USD/CHF long trade because USD/CHF will be rising. The profit from the USD/CHF trade will offset some of the losses from the EUR/USD trade. The purpose of hedging in forex is to manage risk and lower your net loss.
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Is Webull available in South Africa? Replied 8 months ago - Webull is present here in SA but remember that to buy international shares, you need to get your tax clearance certificate from the South African Revenue Service and this certificate is only valid for one year.
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Does MyFundedFutures Accept South African Traders? Replied 8 months ago - But I heard some people are relocating to other neighboring countries like Lesotho so they can register with MFF prop firm but honestly I am not sure how this works.
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how legit is vault markets, I hear they're just a representative? Replied 8 months ago - @Quentin, Vault Markets is only representing RocketX Pty LTD. who are the actual company licensed by the FSCA. Vault markets on its own has no FSCA license so they render services through RocketX. Vault Markets is legitimate because they are a registered tax paying entity under South African law but when it comes to forex brokerage they don't have their own FSCA license and operate under the umbrella of another broker - RocketX.
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Does My Funded Futures Payout? Replied 8 months ago - Yes MyFundedFutures does pay out but it depends on your plan: 1. The Starter Plans pay out a minimum of $250 every 5 days 2. The Expert Plan pays out a minimum of $1,000 every 14 days 3. The Eval To Live Plan pays out $2,000 after you pass a certain number of phases (around 2 or 3 phases)
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What is easyMarkets Minimum Deposit in ZAR? Replied 8 months ago - easyMarkets minimum deposit is 3 ZAR for their MT4 & MT5 account types but if you want to open their TradingView fixed spread account you need a $25 minimum deposit
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When is CPI in forex South Africa? Replied 8 months ago - A simple strategy for trading CPI is to mark the highest and lowest points of the first 15 minute candle that forms when cpi is released. After that, wait for price to break through the upper or lower line you marked then you trade the break accordingly after confirmation/retest of the breakout level. .
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What happened to Veracity Markets in South Africa? Replied 8 months ago - Veracity Markets was banned by the FSCA from acting as a Juristic representative to Nirvesh Financial Services (who are an authorized FSP) and who had appointed them to act as their rep. The reason Veracity Markets was banned from acting as a representative to Nirvesh Financial Services, was because they were acting as an Over-the-counter Derivative Provider (ODP) without holding an ODP license from the FSCA. In other words, Veracity Markets was trading against its clients instead of passing the trades to a third-party liquidity provider of some sort. When someone complained to the FSCA about the illegal actions of Veracity Markets, they launched an investigation and in the end Veracity Markets was fined a penalty of R10 Million, while two of its directors were fined R1 million each. The FSCA also imposed a penalty of R1 million on Nirvesh Financial Services (who appointed Veracity Markets as their representative) and another penalty of R100,000 each on two Key Individuals of Nirvesh.
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Is FirewoodFX no deposit bonus legit? Replied 8 months ago - Yes, the Firewoodfx no deposit bonus is not a scam. I just got my $20 bonus without making any deposit. I have downloaded their MT4 platform to start trading the bonus. Wish me luck!
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