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What aspects should you consider in choosing brokers for hedging?
Here are some things to look for when choosing a forex broker for hedging:
- Low spreads
- High leverage
- Good execution
- Competitive fees
Continue Reading at Introduction to Forex Hedging Strategy
What are the best brokers to use for South African swing traders?
We have compiled 10 best-performing forex brokers that are suitable for swing traders in South Africa.
- IC Markets: IC Markets is particularly suitable for traders who value easy trading execution and low trading costs.
- Exness: The broker is regulated by several trusted authorities such as the FSCA, FCA, and CySEC.
- Khwezi Trade: Khwezi Trade supports Rand-based forex and CFD trading with a wide range of trading instruments.
- FXTM: The broker supports MetaTrader 4 and 5 as trading platforms, both of which can be accessed from various devices such as PC, laptops, tablets, and/or mobile phones.
- FBS: Traders can open a trading account with only $1 and there is no inactivity fee.
- AvaTrade: When it comes to trading fees, AvaTrade offers a fixed spread of 0.9 pips per trade.
- FxPro: The broker also provides customer service that responds quickly and is able to provide relevant answers in multiple languages.
- FP Markets: One of the greatest advantages of this broker is that it uses true ECN bridges and advanced technology.
- Pepperstone: Pepperstone is often considered to be the best broker in Australia that's suitable for almost any kind of trader including swing traders.
- HF Markets: Conveniently, HF Markets offers a ZAR trading account for South African traders as well as USD and EUR accounts.
Continue Reading at 10 Brokers for Swing Trading in South Africa
Which broker offers a welcome bonus that can be withdrawn?
None at all. All welcome bonuses from the 5 brokers cannot be withdrawn immediately but must be used for trading first. It is the profits earned that can be withdrawn.
Continue Reading at USD30 Welcome Bonuses by Forex Brokers in 2023
How do Dealing Desk brokers operate?
A Dealing Desk broker sets both the bid and asks prices on their systems and makes transactions at these prices with their clients. By doing so, the broker acts as the liquidity provider of the market.
This broker type is also sometimes called a B Book broker. To generate income, Dealing Desk brokers would charge spread to their customers. Spread is the difference between the ask and bid price and is often fixed by the market maker.
Usually the spread amount is usually quite reasonable due to tough competition with other market makers.
Continue Reading at 5 Signs Your Broker Trades Against You