I was not told that this is the way it would work.

Just after I opened an account in Megatradefx, I found out that it is blacklisted by Financial Conduct Authority and I decided to close my account. And then my so called account manager tells me to deposit 3 times my original deposit to get my refund. He said it's a company policy and if I didn't do it I won't get my refund. I did a gamble and deposited and then he disappeared. Although my deposit is in Megatradefx live account, I can't withdraw.

Amrit Subba 15 April, Reply.

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Gain exclusive market-moving insights and take advantage of news-driven volatility with Market Buzz. You'll lose all your bonuses if you can't trade. Broker offers everything for trading. I have profitable strategy by using simple MA crossing. Most of the time my positions are closed by TP. Profits factor is 1. It's a good broker not only for getting bonuses but for real trading conditions too!

Andrea 5 September, Reply. Don't believe this company and what they say. Broker has to provide liquidity and execution is supposed to be fast. But there is no liquidity providers probably. It takes too long to find an opposite side for my orders. In most cases I don't get that price, that I want to execute my order.

It's not a big deal if you trade with market maker, but if you choose company because it offers deep liquidity and finally get much worse prices than any market maker does Most of the companies are overseas operators, which means the best it can do is issue warnings and urge the public to use their common sense.

Download MetaTrader 4

Here's the fundamental problem with currency trading. Let's say you have a hunch that the greenback is on the rise, so you sell NZ dollars to buy US dollars. The person on the other side of that transaction has an equal and opposite view. Your win is someone else's loss, and vice-versa. There's no value being created and you don't own any productive assets, which makes it pure speculation.

Forex Trading Accounts

This sounds a lot like a zero-sum game, where no-one can win unless it's at the expense of someone else. It's actually even worse than that. You have to pay brokerage on your transactions, pay for the fancy proprietary trading software, and pay through the nose for the slick training courses and coaching. The only way you can win is by being consistently right more than 50 per cent of the time.

Mega Trader FX – Forex Broker Rating and Review 2021

You might think you're smarter than the average punter, but your opponents are George Soros, Vladimir Putin, and the giant trading banks. You're playing against the collective intelligence of the entire market at once, and you are a tiny little fish. Each Account type gives the investor full access to the highly accredited MetaTrader 4 trading platform, which includes unlimited charts and technical indicators, automated trading, mobile trading software and access to detailed account information.

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They allow clients to trade with real money without exposing them to high risks. There is no minimum initial deposit.

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Standard Accounts are appropriate for experienced as well as professional traders with a distinctive knowledge of the world financial markets. The minimum initial deposit is USD 3, Executive Accounts are designed for experienced and professional traders who have the ability to trade large volumes. The minimum initial deposit is USD , Executive clients can also count on the assistance of additional trade analysis , education modules and more proactive trading guidance from our experts.