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Giving you the latest games and exceptional odds, entertainment, tailor made features and constant gaming innovations. Wizbet Casino accepts Wizbet Casino players, play now! Wizbet Casino – US Players Accepted! It was founded in 2009 and is headquartered in Cyprus. It’s one of the few brokers that are regulated by four different authorities which include ASIC, CySEC, FCA and IFSC. Tradable instruments This online forex broker boasts over 300 different tradable instruments. Investors can choose among 55 plus currency pairs, CFDs, stocks, indices, precious metals, energies, cryptocurrencies and commodities.
Trading platforms supported Xm supports both Metatrader 4 and Metatrader 5 trading platforms. Both platforms are popular among traders and each gives you access to over 300 different instruments to trade. Support for these platforms makes it easy to access your trading account from different internet enabled devices. These include desktop, IOS and Android devices.
Account types This broker offers 5 different account types. This account comes in handy when you want to try out the platform without investing real cash. There are 4 different cash based accounts to choose from. The first is the micro account which supports over 10 base currency options. 5 and contract sizes are 1000.
No commission is charged on this account while leverage is offered between 1:1 and 1:888. The second account type is the standard account. Its features are similar to those of the micro account except the contract size is 100000. The third account type is the XM zero account. It only offers three base currency options and contract sizes of 100000. 100 and commissions are charged on transactions. These accounts do not attract rollover interests on overnight positions held.
Other features you’ll find in Islamic account types include no upfront commissions and no spread widening. This broker accepts up to 25 different payment methods. This makes it easy to choose the payment method that’s most convenient for you. Some of the accepted ways to fund your trading account or withdraw your earnings include credit card, electronic payments like Neteller and wire transfer. Deposits made via credit or debit card and, electronic means will usually reflect in your account almost instantly up to 24 hours. Withdrawals are usually processes within 24 hours.
If you prefer using bank transfer, your deposit or withdrawal amount will take between 2 and 5 days to reflect in your account. Xm regularly runs promotions to attract new traders. You don’t have to deposit your own money to start trading on the platform. This broker offers their service to traders from over 196 countries. The trading platform supports over 30 different languages making it even more accessible to traders from all over the globe. Xm boasts as one of the trader friendly brokers.
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They’ve invested in a number of resources which increase a trader’s chance of success. These include personal account managers, access to trading signals, free daily technical analysis and free access to forex market research among others. Deposits and withdrawals via bank transfer take as long as 5 business days. However, this is common across most forex brokers. Xm is one of the few online forex brokers that have built a reputation for being pro-trader and offering excellent features. Since 2009, this broker has attracted over 1 million traders from across the globe.
Their free demo account and an additional 4 different account types makes it a good choice for both beginner and experienced traders. WHY FOREX TRADING IS SUDDENLY INTERESTING IN SOUTH AFRICA Forex trading is basically the buying and selling of currencies. The value of one currency is weighed against the perceived value of another with one being the base and the other being the counter. ZAR with the USD being the base and ZAR the counter. The allure of Forex Trading in South Africa The internet happens to be awash with advertisements from brokers and trading companies promising to make you a millionaire within no time and more so without having to work a 9 to 5 job. Social media has also contributed to the lure of forex trading and the gold mine it supposedly is in South Africa.
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The forex South Africa industry has suddenly become a hotspot for traders claiming to have made it big as a result of their being in the industry. As a result, the thought of living the kind of life these traders do is irresistible to most South Africans. It has become a sort of get rich quick scheme with everybody wanting to have a taste of the pie. Another reason that seemingly makes this an ideal investment opportunity is the flexibility it affords one.
You can choose what hours to work and where to work from as long as you have currency in your trading account. The truth about Forex Trading Every trade or business has its pros and cons and forex trading is no exception. Experts in South Africa are of the opinion that despite all the glitz and glamour surrounding the prevalence of forex trading in the country, there are also downsides that most of the brokers and agents will not willingly reveal. The trick with forex trading is to keep your eye out on the international markets in terms of business, politics as well as international relations. Other than that, for you to earn astronomical figures, you need to make a significant investment as each trade earns pennies on the dollar or whichever currency you choose to trade. Industry experts warn investors daring to try forex trading that they should brace themselves for anything even as they hope and plan for the best.
What you need to know if you are considering forex trading It is a speculations game: most traders trade generally on speculation even though market trends play a role in a trader’s investment decision. That means chances of being wrong on your hunch are just as good as of your being right. It is not a get-rich-quick-scheme: the forex market despite being the most liquid in the world happens to be the most volatile. The erratic changes also make it among the most unpredictable. Scams are real: as a South African, I am sure you are not new to pyramid schemes and the like.
There are brokers and agents whose only interest is getting your hard earned cash and then vanishing, so beware. You will need to settle on a broker to engage. There is a good number in South Africa even though some are not genuine. The broker you settle on will require that you open an account with them and you will furnish them with your name and phone number.
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A good one will contact you to discuss on the best way forward while they ask for further documentation. Lastly, there is no dispute that forex trading could accord you financial freedom. However, like I mentioned above, it is just not as easy as it has been made to sound in South Africa. Your best bet would be to enroll for training first before you even think of looking for a brokerage firm.
You will need to learn terminology in the field such as pip, pivot point as well as the role of momentum in forex market. Train first before you dare to go. That way, you will be able to make the right choices when you start trading. You will also be guided to the best brokers in the country where you are assured of professional help whenever you need it and security for your deposits.
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Testing Easy Markets – a good forex broker ? The company was registered in 2003 under the name Easy-Forex, but in 2015, the company rebranded to Easy Markets. The rebrand was in line with the company’s objective of connecting its customers with global markets. The most popular feature of the company a risk free type of trading option which gives traders an opportunity to cancel any foreign dealing within 1 hour. As a result, most people are able to reverse their transaction if they notice things going contrary to their predictions. The company offers traders with a web-based trading platform which is user-friendly and fast loading. In addition, the company has invested heavily in the platform security to ensure that customer data such as card details are well protected.
Some of the outstanding feature of the platform includes expert advisor, and inside the viewer. The platform also has a mobile application which makes it possible for traders to access in remote places. In addition, the company has an Islamic account for Muslim traders which comply with sharia laws. All accounts have a standard fee charged for trading using the platform and the fee depend on the transaction costs.
The VIP account is the highly ranked and holders have access to a personal analyst as well as phone trading feature. Unlike many Forex trading companies, the company platform does not provide locking capability after a transaction is done. In summary, the company has over 14 years of experience in Forex trading, and it is licensed to trade in Europe and Asia countries. The company has one of the easiest to use trading platform. Due to their many years of experience, they are able to provide the best value for their customers. Being in existence since 2011, this forex broker company can be well regarded as one of the fastest growing names in the industry.
Types of account that is available Just like any other player in the Forex market, FXTM also offers a plethora of account types to its customers. 100, the standard account offers different types of assets which includes 14 spot CFDs, 5 spot metals and different currency pairs. If you prefer stocks over assets while trading, the Shares Account is the right thing for you. 100, the ECN Zero account type lets you become the portfolio manager for other users. Apart from the ones mentioned above, some of the other account types available at FXTM include FXTM ECN, FXTM MT5 ECN account and the FXTM Pro account.
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These platforms can be used either by downloading or on the web as well. Mobile versions of the platforms can also be installed on mobile phones and tablet PCs. To make the life of its traders simple, FXTM offers a wide variety of deposit and withdrawal options. The available options include VISA, Master Card, Maestro, Neteller, Alfa Click, Skrill, Yandax Money, Dotpay, Payza, QIWI, Western Union’s Quickpay and China Union Pay Credit Cards. The company also allows bank wire transfers to its customers as well. Needless to say, every coin has two sides. While the pros of FXTM would include the tight spreads, PAMM account and high leverages, the cons would definitely be the fact that it does not accepts traders from the US, Japan, British Columbia and a few more countries.
Conclusion With different account types, various supported platforms and easy deposit and withdrawal options, FXTM is certainly all set to give its customers a seamless and incomparable broking service. The company understands the needs of the traders well which has made it grow so fast and claim its name in the world of forex trading. It was established in 2006 and its head office is located in Dublin, Ireland. The broker offers its services in more than 150 countries worldwide hence its subsidiary offices are also located across the globe. One of the unique features of Ava Trade is the automated package that is embedded in the software. The broker offers forex trading APIs that are accompanied by smart strategies which can help anyone to make good sales. These APIs are offered free of charge and you will only pay for advanced professional and auto-trading tools.
You are free to choose either manual or automated version from the available choices. Any single platform on the software gives one access to more than 250 trading tools, indicators, analytical tools and charts. For multilingual usage, the website is available in English, French, Spanish, Italian, Portuguese, German, Arabic, Chinese, Russian, Japanese and Taiwanese. The platform is well-customized to meet the needs of any user. The software comes with live feeds, live analysis and an advanced charting system. You can execute any action on the platform just with a single click. There are several platforms in the software that can be used by all users regardless of their knowledge and experience in the world of Forex trade.
100 while the maximum leverage is 400:1. It is prudent to note that high leverage translates to greater risk. Ava Debit Card will save your time especially when you are trying to withdraw your funds. The withdrawal can take some days to be processed. Easy to use software that is available in different languages. The broker offers both Fixed and Floating Spreads. You can create a Demo account that will give you an overview of how the software works.
With this account, you will be able to decide whether to proceed with the account or not. It is one of the most respected forex brokers. The fact that it is regulated and licensed by international bodies which means that you can fully trust it. In addition to a friendly website that gives users an incredible experience, there are also support staff that can offer you any help in case you get stuck. Forex traditng platform that is based in St Vincent and the Grenadines.
Forex trading, however this broker also provides a platform and associated tools for trading commodities. Binary options, one click trading, and various other platforms are supported here. What type of accounts are available? There are several account types available: one to suit everyone’s needs.