They switched me to there offshore account a few months ago, no outside Aussie trades new rule or something, so hoping the margin change won't effect me, but I'm not that lucky. More hassle setting up another account if so, always something to waste my time
A broker and a market maker are entirely different things. And if you choose a broker who is a market maker then you are by definition the product.
Hi, I trade with FP markets on their ECN account they get 6 USD per lot plus the spread which is usually 0.2 to 0.5 on the USD/JPY pair since this is the only one i trade really
a honest broker is Pepperstone....IMO i have used them for 5 years......and once they commit they will stick to it. so i suggest you ask them by email and if they say 'yes' save their email or ask for it to be given in writing and sent to your address by old fashioned postal service OR YOU COULD ASK ANY BROKER
"Supposed" that is a big word. So much fairness there that ASIC has a consultation paper out stating how they want to limit leverage on FX and remove binary options due to a history of bad actors abusing the public. https://asic.gov.au/regulatory-reso...uct-intervention-otc-binary-options-and-cfds/.
I tried swap arbitrage with Hotforex and Tickmill, I was making 5-20% monthly return before got warnings from them. It had been continuing for 4-6 months with regular withdrawals. I guess the problem why my trading was that I was too lazy to hide or mix that orders and of course regular withdrawals. I would suggest that the general rule is to keep winning ratio at reasonable levels. And of course make sure you trade with regulated brokers that don't B-Book
Hi, I am really new trader, what is the swap arbitrage? and why did you get a warning? is it illegal or something?
Yeah exactly, the leverage is a key, and futures just does not work for me I tried it in NADEX and it is just pure gambling for me. the main reason the US is restricting leverage for forex is not really the risk but to drive more funds to invest in the stock market. for sure high leverage is a two edge tool but for someone who has self-discipline and trade experience which are many in the US it is a big advantage, the US just want more money in the stock market that is why they are restricting forex leverage and encouraging futures which are no way you can compare to regular FX trading. in futures, the broker has far more edge and more people lose money even though some ppl are really good at it.
I like your answer because maybe that is what i want to ask but my lack of experience did not allow me to phrase it correctly. So what would be a good time not to get banned and give them time to hedge? my trades usually take between 10 mins to 2 hours. most optimistic would be 5 mins. 1 min time frame happened but maybe not more than 4% of my trades.