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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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what are the advantages of apex prop firm for Canadians? Replied 1 year ago - I tried some other prop firms before coming to apex and what I like about them is that there is no drawdown limit and once you achieve th profit target they specified for your plan, you automatically become funded on your first try (they call it one-step evaluation).
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when does the forex market open in Canada? Replied 1 year ago - The Asian forex session starts at around 4pm Canadian time and ends around 2am in the morning. The London forex session starts from 2am and ends at 12 pm Canadian time The New York forex session starts from 1pm till 5pm Canadian time Note that the forex market closes on weekends and major publich holidays that affect banks (such as christmas & new year)
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How Do I Learn To Use TradingView Without Paying A Subscription & Does TradingView Have A Free Demo Account Where I can Test it's Features? Replied 1 year ago - TradingView has a free demo account which they call paper trading so you can learn with this. To use the demo account, register/login to TradingView, select an instrument, view on super-charts, then open the trade panel at the bottom and click on paper trading to use the demo account.
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How much is Think Markets minimum deposit in ZAR? Replied 1 year ago - they don't have a minimum deposit on their entry level account; their minimum withdrawal is $1
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May I know IC Markets minimum deposit in ZAR? Replied 1 year ago - Start with around 3,600 ZAR or $200 on your initial deposit then $1 minimum on other deposit you make moving forward. A little bit high right? but from my experience with ic markets its worth it.
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anyone notice FxPro leverage is now 1 : unlimited? Replied 1 year ago - Yes, I noticed the upgrade to unlimited leverage too. I have been trading with FxPro for one year now and although high leverage is risky, I still welcome the development because it gives users a choice especially professional traders who can manage high leverage risks. Note that trading accounts that had been opened earlier, are still going to be restricted to the old leverage so to access the unlimited leverage, you need to open a new trading account.
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which prop firm is free? Replied 1 year ago - I don't know of any free prop firms because offering free services goes against the business model of prop firms, who make money from challenge/evaluation fees as well as copying your trades. However, prop firms like FTMO offer free trial accounts where you experiment with their services.
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what is minimum trading days in prop firm Replied 1 year ago - The minimum trading days is simply the least amount of days within which you can complete the challenge. So, if your prop firms minimum trading days is 4 and you complete the challenge in 3 days, you have breached the rules. You must complete the challenge in 4 days or more. Minimum trading days was put in place by most prop firms to prevent you from completing the challenge in one day. They want to be able to eliminate the chances that you just got lucky on one day and they also want to be able to study how you manage risk on different days.
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what is consistency rule in prop firm? Replied 1 year ago - By checking how consistent your profits/losses are the prop firm aims to see if you have a strategy you are following or if you keep trying new things every day. When you follow a fixed strategy and risk management plan it shows in your profits/losses because they will always be within the same range. But when you do not have a risk management plan in place today you will make 20% profit/loss and tomorrow you will make 1% profit/loss so there will be no consistency and this will lead you to have a low consistency score. usually, a consistency score of above 80% is considered good by prop firms.
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how do I delete my rcg markets account? Replied 1 year ago - You would have to send an email to rcg markets support stating why you want to close your trading account, state the trading account number of the account you want to close and the email address associated with that account. Please also note that if your account has trading history rcg markets will not be able to delete it.
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Is TIO Markets Legit? Replied 1 year ago - TIO Markets is regulated in from Saint Vincent & The Grenadines (SVG) which is a remote island. Now that is not really the issue because many big brokers place traders under SVG regulation. The reason TIO Markets is a high risk broker is because it is relatively unknown to many and does not have business entities regulated in other parts of the world. Let me give you an example: HF Markets is a broker that places some of its traders under its SVG entity, but HF Markets is also regulated by the FCA UK, CMA Kenya & FSCA South Africa. TIO Markets on the other hand is only regulated by SVG ! See what I mean?
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can you recommend low cost prop firms in South Africa? Replied 1 year ago - I am currently taking a challenge with goat funded trader and they have plans for as low as $17 with no time-limits. You can also check out maven trading prop firm too as they have cheap plans. Note that prop firms are unregulated so you trade at your own risk.
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what is goat funded trader leverage? Replied 1 year 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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is goat funded trader a legit prop firm? Replied 1 year 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 1 year 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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is maven prop firm regulated? Replied 1 year 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 1 year ago - get the maven prop firm code from prop firm match website or YouTube channel
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Is forex guru investment real or fake? Replied 1 year 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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ctrader vs mt4 which is the better choice? Replied 1 year ago - Here's my take: the only aspect where mt4 outshines cTrader is algorithmic trading/Expert Advisor use. Because more brokers offer mt4, they are able to place their servers near mt4 servers thus guaranteeing faster execution speed and lower latency and this translates to better performance of expert advisors. On all other aspects, cTrader outperforms mt4 totally. I think the fair enough comparison should be between cTrader and mt5.
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