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Does Exness Have Minimum Withdrawal? Replied 8 months ago - Greetings Sandy! @Josiah has already answered the question but let me also add that with Exness, you need to send in your withdrawal request early (lets say before 1pm) so that you can get the money on the same day.
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Is Pocket Option Legit? Replied 8 months ago - Pocket Option is a binary options platform that is regulated by an unpopular regulator called the Mwali International Services Authority. They are a weak regulator and chances are they may not even be monitoring what Pocket Option is doing. For a while Pocket Option was unregulated, I think they just had to get this license from Mwali after people raised concerns about their unregulated nature. To answer your question, Pocket Option is legit because they are regulated but they remain a high risk trading platform so be cautious.
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what's the best options trading platform south Africa for beginners? Replied 8 months ago - Johannesburg Stock Exchange also offers options on stocks JSE listed companies so to buy these options you must pass through a JSE accredited stock broker see list here https://www.jse.co.za/find-a-broker-institution However, if you want the cheaper route and you want to trade options on interntional stocks without owning them, then you can pass through an FSCA accredited Financial Service Provider like AvaTrade which is well known for options trading.
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Trade245 withdrawal still pending, what's their withdrawal time? Replied 8 months ago - Trade245 withdrawals take 24 hours but they are very strict on verification of documents and stuff like that; and this can affect your withdrawal time. In your case you have not stated the means of withdrawal you selected but my thoughts are you have some pending documentation issues so you should get in touch with them again.
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RCG Raw Account Meaning Replied 8 months ago - The Raw Account on RCG Markets is a trading account type that offers competitive spreads starting from 0 pips, with no markups or commissions, and is suitable for experienced traders who want direct market access and tight spreads An ECN (Electronic Communication Network) Account is a type of trading account that connects traders directly to the market, allowing them to interact with other traders and liquidity providers. Key Features: - Variable spreads - Commission fees apply ($7) - Direct market access (DMA) execution model
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How is the withdrawal time at Just Markets? Replied 8 months ago - I have personally made several withdrawals from Just Markets and their withdrawals time is instant (around 1 minute) when you select the online bank transfer method. If there is any network downtime that is going to affect withdrawal speed, just markets will send you a notification in advance (check your personal area) telling you that they are having network issues that will affect withdrawals. I have not withdrawn using other methods apart from online banking, so I cant testify to their withdrawal speed.
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Is XM Withdrawal Time Instant? Replied 8 months ago - Hi Quentin, you mentioned you requested your withdrawal by debit card, XM withdrawals by debit/credit cards can take up to 5 days so you have to wait. However, XM withdrawals by other methods such as eWallets, local bank transfer, etc. are instant.
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Best Forex Brokers in South Africa Replied 8 months ago - I have never traded with Justmarkets or Plus500, so I can't say anything positive or negative. But looking at Justmarkets's spreads, 0.6 with Pro Account, 0.9 pips with Standard account on EUR/USD, it is okay (not the lowest, but also not the highest). Their spreads on indices CFDs are not that great. Just Global Markets (PTY) Ltd. have a CATEGORY I license, meaning, they can only act as an intermediary. I don't really know who the counter party is, because their are not an approved ODP. From what I know of all the FSCA regulated forex brokers, TradeNation have the lowest CFD trading costs, it is quite low on forex & indices (and it is fixed during active trading hours). But they are also not an approved ODP, and as per FSCA's website Trade Nation Financial (Pty) Ltd were fined R30,000 in 2022 because of it. You will find it on FSCA's website. But overall, their trading costs are quite low. And they are reputed. Note that it is not a recommendation of any broker. It is just my opinion.
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Any good forex brokers with ZAR Account? Replied 8 months ago - I'll add that although Exness & many other CFD brokers I mentioned offer ZAR accounts, but don't trade NASDAQ or any other index CFDs with these brokers. If you primarily want to trade index CFDs, don't on European or US indices, don't open a ZAR account, because your broker will likely charge you fees on conversion to base. Open a USD base currency account. Also, the spreads on index CFDs by some of the ZAR brokers (especially Exness) are really bad. For example, Exness charges 6-7 points spreads on DAX, this is really high. There are regulated CFD brokers that charge less than 1 point spreads on DAX, NASDAQ & US30 etc.
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Can you suggest any micro account brokers in South Africa? Replied 8 months ago - Hi Chaka, these brokers have micro account and FSCA regulation: 1. XM South Africa ($5 minimum deposit) 2. Exness ($10 minimum deposit) 3. HFM ($5 minimum deposit) 4. Just Markets ($10 minimum deposit) 5. RCG Markets (R50 minimum deposit) 6. Headway ($1 minimum deposit) 7. Vault Markets (R50 minimum deposit) 8. Space Markets (R50 minimum deposit) 9. IFX Brokers ($10 minimum deposit) 10. FBK Markets (R20 minimum deposit)
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What's FxPro minimum deposit in ZAR for Standard & cTrader Account Replied 8 months ago - FxPro cTrader & MetaTrader Account minimum deposit is $100 or an equivalent of 1,800 ZAR and these accounts now come with unlimited leverage. If this is too high for you, consider opening an FxPro Promo Account which has around 50 to 100 ZAR minimum deposit but comes with 1:500 leverage & expires at the end of the promo period.
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Please what is the latest FXTM minimum deposit? Replied 8 months ago - FXTM is one of the brokers with a $200 minimum deposit which is very high. This is the reason I do not trade with FXTM.
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does Trading 212 require same minimum deposit for investors & traders? Replied 8 months ago - Cash ISA minimum deposit is 1 GBP Stock ISA minimum deposit is 1 GBP Investing minimum deposit is 1 GBP CFD Trading minimum deposit is 10 GBP/EUR/USD You also earn interest on any unused monies in your ISA Account, Invest Account or CFD Trading Account.
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Is Revolut FSCS Protected? Replied 8 months ago - As seen on Revolut website, Commodities investment is not FSCS protected so you do it at your own risk.
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Is Trading 212 FSCS Protected? Replied 8 months ago - No, Investments or Structured Investments you make with Trading 212 are not FSCS protected, I confirmed this from the FSCS website. Please use the link below to do it yourself. https://claims.fscs.org.uk/PreScreening/EnterDetails?_gl=1*1t0d8sc*_gcl_au*ODg1NTc1ODY5LjE3NDEzNDkyNDY.
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does FP Markets require a minimum deposit in UK? Replied 8 months ago - Yes, there is a 100 pound minimum deposit but if you are looking for brokers in the UK with no minimum deposit consider looking at CMC Markets, IG Markets, Oanda, City Index and maybe Pepperstone.
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Which forex broker has the best demo account? Replied 8 months ago - Out of the MetaTrader demo accounts I have used so far, Exness MT5 demo account & Just Markets MT5 demo account were the best for the following reasons: 1. You can change your demo account balance from your personal area (no need to send an email to customer support for change of balance; its inconvenient). 2. These demo accounts do not expire early. 3. Their trading platforms are stable and do not lag or crash 4. They offer high leverage up to 1:3000 5. They support multiple account currencies
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what is nas100 symbol on Exness? Replied 8 months ago - Exness calls nas100 "USTEC100" because Nasdaq is an index composed of mainly tech stock (100 biggest tech companies listed on the Nasdaq exchange.)
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Can I Trust Plus500, Have They Scammed Anyone? Replied 8 months ago - Plus500 is a market maker CFD broker, but that does not make them good or bad. I have not traded with them so this is my opinion only. Just because they are not a DMA broker, it does not automatically mean they are bad. They are well regulated & they are also public in the UK, Plus500 is definitely legit. Whether they are bad in terms of actual trading I don't know. But from the spreads & all the charges listed on their website, they are definitely not cheap. There are lots of reputed CFD brokers out there that are also cheap.
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Does the FSCA Regulate FBS Broker? Replied 8 months ago - No, the Financial Sector Conduct Authority (FSCA) in South Africa does not regulate FBS broker. FBS is a broker that has weak regulation from the Financial Service Commission (FSC) Belize and I say weak because such offshore regulators can even allow the brokers self-regulate and do as they please. FBS is not regulated by any well known market regulator anywhere in the world and little wonder they reject clients from Israel, EU & UK. Some people have been saying FBS is regulated in Australia but that is not correct, what they have in Australia is called "FBS Oceania" and is a different brand name from "FBS" in South Africa.
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