Forex Forum

where can i get lowest spread on nas100?

Fusion Markets does 0.8 pips on nas100

which brokers have the lowest XAU/USD spread?

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.

what is kwakol markets minimum deposit for beginner accounts?

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/

anyone benefitted from tiger brokers promotion & bonuses?

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.

is tiger brokers fees high, what is the total?

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.

what is the leverage at tiger brokers singapore?

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.

what is the difference between stock cfd and stock?

Stock CFDs do not give you ownership of the stock; they are only a over-the-counter contract between you and the CFD broker that allow you bet on whether the price of the stock will rise or fall. if your bet is correct the CFD broker pays you money and vice versa. Holding a stock CFD overnight will attract a fee because it is not yours. However, when you buy ordinary stocks, they are delivered to your demat account and you take ownership of them. You also get voting rights on the company whose stocks you bought. Holding a stock overnight will not attract any fee because it is yours. Stock CFDs are mostly used by traders while stocks are bought by investors who hope to hold it for a long time. When you buy a real stock you get paid dividend whenever the company is doing so but for Stock CFDs you only get paid a dividend if you opened a buy trade for a Stock CFD. When it comes to cost, it is cheaper to trade Stock CFDs than to buy real stock because buying real stocks entails pying fees to the stock exchange, custodians etc.

whose on your list of lowest spread forex brokers in canada?

I would go with Oanda for Standard Accounts and Interactive Brokers for Raw Account

what are the advantages of apex prop firm for Canadians?

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).

when does the forex market open in Canada?

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)

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?

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.

How much is Think Markets minimum deposit in ZAR?

they don't have a minimum deposit on their entry level account; their minimum withdrawal is $1

May I know IC Markets minimum deposit in ZAR?

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.

anyone notice FxPro leverage is now 1 : unlimited?

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.

what is minimum trading days in prop firm

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.

what is consistency rule in prop firm?

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.

how do I delete my rcg markets account?

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.

Is TIO Markets Legit?

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?

can you recommend low cost prop firms in South Africa?

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.

what is goat funded trader leverage?

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.