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Can I Trust Plus500, Have They Scammed Anyone? Replied 1 year 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 1 year 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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Does Exness Have Bonus? Replied 1 year ago - I have never heard of Exness giving anyone a bonus, but my current broker EasyMarkets gives 50% bonus on deposits. I think the brokers XM, Markets.com & AvaTrade also give deposit
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Does Admiral Markets Give No Deposit Bonus? Replied 1 year ago - They are not giving bonus at the moment but you can try other brokers like HFM, Headway, Space Markets. If you are thinking of trading with Admiral Markets you should know that they are a very pricy broker and they charge fees for every little thing. They even charge fees for internal transfers between your own trading accounts just because the accounts have different base currencies.
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Is it Halal To Trade Forex If I Use An Islamic Account? Replied 1 year ago - Hi brother, Forex trading is Halal provided you do not receive or pay any overnight interest from your broker. Islamic Accounts are designed not to receive or pay interest on overnight trades but you must check that your Islamic forex trading account is properly configured not to receive or pay overnight swaps. While opening your Islamic forex trading account, make it expressly clear to your broker that you are of Muslim faith and do not want a partial swap-free account but instead want a fully swap-free account. This is important because certain swap-free accounts are not designed for Muslims and they can suddenly start charging you overnight swap interest when they notice you are leaving too many trades open overnight.
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Tickmill Bonus: which countries are banned from participating? Replied 1 year ago - Yes, you are correct that the Tickmill no deposit bonus is $30 but several countries are banned. See the list of banned countries: Belarus, Bangladesh, Côte d’Ivoire, Colombia, Algeria, Egypt, Brazil, Angola, Argentina, Bolivia, Western Sahara, Jordan, Hong Kong SAR China, Indonesia, Lebanon, India, LN, Sri Lanka, Libya, Lesotho, Macao SAR China, Morocco, Thailand, Uganda, Palestinian Territories, Mexico, Tunisia, Taiwan, Vatican City, Venezuela, South Africa, El Salvador, Mozambique, Chile, Costa Rica, Dominican Republic, Ecuador, Guatemala, Honduras, Paraguay, Peru, Uruguay, Slovakia, Slovenia, Spain, Sweden, Switzerland, United Kingdom, Ghana, Zimbabwe, Vietnam, Nigeria, Australia, Austria, Belgium, Pakistan, Bulgaria, Croatia, Cyprus, Czechia, Denmark, Equatorial Guinea, Estonia, Finland, France, Germany, Greece, Greenland, Hungary, Iceland, Ireland, Italy, Kosovo, Latvia, Liberia, Liechtenstein, Lithuania, Luxembourg, Malta, Gibraltar, Netherlands, Norway, Poland, Portugal, Romania, San Marino, Sierra Leone. If your country is not on the above list, then you can get the Tickmill $30 bonus without making any deposit. Once you create your Tickmill account, a special Welcome Account is created for you to warehouse your $30 bonus. The welcome Account has a 60 day lifespan after which it will be closed. During the lifespan of the Welcome Account, you must trade with it and if you make profits you will be required to open a live Tickmill account, fund it with the mandatory $100 minimum deposit, then transfer your profits to your live account. The Tickmill bonus is not withdrawable but the profits are.
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Buy Stop Meaning in Forex Replied 1 year ago - A Buy Stop order in forex is used to lock in an exact price of an instrument and a Buy Stop order must be placed above the current price. So, if you want to buy when price starts rising, you set a Buy Stop at the price you want, so that when price reaches the order, it is triggered at the exact price. My emphasis is on "exact price". So let us assume you want to buy XAU/USD when the price rises to 2860.0, all you have to do is set the buy stop order at that price. If due to volatility, the price suddenly jumps to 2862.0 without passing through 2860.0, then your buy stop order will not be executed because it works with a specific price. This is the main difference between a buy stop order and a buy limit order. A buy limit order would have been filled at either the exact price or a better price.
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can you recommend a broker with R 50 minimum deposit? Replied 1 year ago - I think FBK Markets has an even lower minimum deposit of R20 for their Micro Account and Vault Markets also has a R50 minimum deposit but I warn you: most of these brokers with R50 minimum deposit just want to lure you in as you may not be able to trade until your account balance is more than R50. I have friends who have had a similar experience with FBK Markets and they could not place a trade until their account balance was higher than the R50 deposit. If you must go for a forex broker with R50 minimum deposit, I suggest you open a Micro Account so you will be allowed to at least trade micro lots.
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Can you recommend synthetic indices brokers in South Africa? Replied 1 year ago - Recently I traded Synthetic Indices with the broker Trading.com (formerly known as XM) in Australia and they are ASIC regulated. Trading.com has synthetic induces like Artificial Intelligence Giants Index, Crypto10 Index, Electric Vehicles Index, NFT index etc. You can also checkout the ASIC regulated broker called Vantage Markets and although I have not traded ith them, I think they also offer the Volatility Index.
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Minimum Withdrawal Allowed at RCG Markets Replied 1 year ago - RCG Markets has no minimum withdrawal. You can choose to withdraw all the money in your trading account as long as you do not have any open trade.
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What is the minimum amount I can withdraw from FBK Markets? Replied 1 year ago - R100 is the minimum withdrawal for FBK Markets that operates in South Africa as a Juristic Rep to RocketX (Pty) LTD.
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What is the minimum amount withdrawable at XM? Replied 1 year ago - XM minimum withdrawal is 5 USD which is the same amount as their minimum deposit.
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What is Scope Markets minimum deposit with MPESA? Replied 1 year ago - Scope Markets allows $10 as minimum deposit for forex traders in Kenya and $50 as minimum deposit for those investing in real stocks & Nairobi Stock Exchange futures. KES base currency is available so you can deposit in local Kenyan Shilling via MPESA.
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Anyone Know Markets.com minimum deposit in ZAR? Replied 1 year ago - You must always deposit at least 1,000 ZAR into your Markets.com account because that is the minimum they will permit. They also give up to 20% in bonuses when you deposit.
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What are the best apps for forex trading in Kenya? Replied 1 year ago - I agree with @Morris on Exness, out of all the CMA regulated forex brokers in Kenya, Exness has the best mobile app I have used. The runner-up is FP Markets. Basically I can set and adjust my Stop Loss on the go from the Exness app and I can analyze charts using the drawing tools on the integrated TradingView charts. Those features are not common on other apps.
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How much is Space Markets minimum deposit in ZAR? Replied 1 year ago - Space Markets minimum deposit is R50 but before they allow you trade you must have more than R50 in your trading account. Your account balance must be at least R100 before you can trade forex pairs, and at least R300 before you can trade other instruments.
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How to trade London session forex, is there a strategy to profitably trade the London session in forex? Replied 1 year ago - I use this simple breakout strategy to trade the London session. I simply mark the high/low of the Asian session on a H1 chart and wait for a breakout during the London session then trade the break. The logic behind this is that one of the busiest times of the London session is early in the morning when the traders in the bug banks in London are just opening for work. My thinking is that they place the big orders early in the morning so this can cause a breakout from the Asian session range. I want to add that no strategy is foolproof but this works for me most of the time.
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What is Trade245 minimum deposit in ZAR? Replied 1 year ago - Trade245 offers 7 different account types and the minimum deposit is 0 ZAR on all of them. This is suspicious because I see only older more established brands doing this but Trade245 was established just recently in 2020. Also when you visit Trade245 website, there is no live chat and no real means to reach them for inquiries. You will also notice the website has too little information which is one of the signs of a scam broker. My advice is you should tread with caution as this broker may not be trustworthy.
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What is Just Markets minimum deposit in ZAR? Replied 1 year ago - 190 ZAR minimum deposit for the MT4/5 Standard Account where spreads on EUR/USD average at around 1 pip, XAU/USD around 1.8 pips, US30 around 2.5 pips and Nas100 around 1.7 pips. 3,800 ZAR minimum deposit for the Pro & Raw Accounts where you can get up to 40% lower spreads.
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What is the best time to trade USDJPY in Nigeria? Replied 1 year ago - You can trade usd/jpy during the New York or Asian session but trading during the Asian session will mean trading at odd hours when you should be sleeping so I would say the New York session is more convenient since it starts by 2:00pm in the afternoon till 11:00pm Nigerian time.
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