live acc trial .. in searching for a forex plus cfd plus gold broker
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Thread: live acc trial .. in searching for a forex plus cfd plus gold broker

  1. #1
    Hi I will close the thread of fxsol.aus reside acc testing https://www.nigeriaforextrading.com/...7-indiors.html
    since it passed the trial run with great outcomes.

    I require a backup cfd/forex trading acc as a result of monthly deposit limitation of fxsol-aus, in this thread I will try several alternatives. Requirements are:
    1. Ability to trade cfd is must, (FX by default can), ability to trade oil and gold is a plus
    2. Finance must be safe for regardless of profit or loss or for long term holding, withdrawal ought to be eloquent
    3. Let credit card (cc) deposit and cancellation of deposit back to cc for free, because otherwise could incur a 2 way foreign exchange fee along with 2 way wire transfer fee for me.
    4. Stable platform, flawless price execution, easy of use, no human intervention or purposely manipulation due to broker conflict of interest

    there is a listing of brokers that I have been trying to start live acc right now
    a. interactive brokers:
    they could trade index directly esp that they can trade hk/sg market which mbt-f not yet offer
    risk: no cc deposit choice, needs to go foreigh trade and cable 2 ways
    min acc and min commerce size is 10000$

    b. fxcm-co. Uk cfd: (ff prefered)
    finance security and cc deposit no issue, cfd seem to be operating in fxcm-uk. Co branch
    risk, min commerce size is 40,000$, min acc 2500$, risk of overleverage /too many complaints for any reason

    c. fxpro:
    cc deposit ought to be okey, draw TPT is one week that's long, equally free
    risk: finance safety less, draw stated to be okey if files provided right files otherwise problematic (tons of complaints)
    min commerce size is 10000$, min acc 500$

    d. delta stock: (ff prefered)
    cc deposit fee 2% fee, should be okey for small acc although not okey for big/ draw is complimentary
    risk: 2 percent of cc deposit fee cannot be profitably earned back?
    Minutes acc 100$, min position 1000$ which is good

    someone else? (one thought I thought of is asking mom to open another acc at fxsol aus, so they could accept 2x more deposit per month?)

  2. #2
    I did 1 trade and have closed 95% position with a trade in fxsol-aus and will exit staying totally monday.
    Fxsol-aus req max 4 withdraw a month so why not do it until July.1st.. . So July I'm not restricted.

    Acc appliion for the 4 new broker have all been filed,
    I possibly will break for 3 months and concentrate on work that I guess many of acc is going to be approved by end of second week and that I can handle deposit at no pressure.

    //ps: I also observe that IG markets UK supplies quite a lot CFD choices, no min deposit... can try later; ODL do not offer hk cfd so skip. .

    For test with delta stock and fxpro,
    I do not want to take some risk or effort try think of a trading, so possibly just do
    a long aud/usd to earn interest
    (where I short aud/usd in another no curiosity broker)
    and close it after two months and req withdrawal.

    Delta stock will cost 2$ for deposit but worth a go.
    Fxpro withdrawal always have query so will not play big until 1st withdraw success.

    When a major oppotunity appear in July, possibly will take 1 big hedged deal with fxcm-uk cfd to stress test it,
    risk isn't high nevertheless... then examine the withdrawal.

    Interactivebrokers has req documents back and forth, possibly wait 1 week until they are done with acc launching,
    not determined if to wire the money inside...

    so inventory is will try little money with delta stock and fxpro and withdrawal following 1 bargain,
    will try out a major one with fxcm-uk cfd. (their minute order is 40k usd size...) if fxcm hedge oil works I do not need to try out anything else...
    will possess interactivebrokers acc open w/o deposit. Try to finish these things in 1st 3 months of july... no rush.

    I thought that if I'm really having bottle-neck with 10k cc deposit limitation of fxsol.
    Perhaps use a sub-creditcard for mother and open another acc with fxsol-aus is much more convinient....
    It's always easier to replie a proven / convinient one instead of research uncertainty...

    I shall also open two futures acc for hedge purpose...

    anyway... test brokers slowly,,,, wait for a good trading oppotunity to appear in 1 month.

  3. #3
    What about Saxo bank? You can trade almost everything there, funds are insured and I believe that it's possible to deposit with a credit card.

  4. #4
    Quote Originally Posted by ;
    What about Saxo bank? You can trade virtually everything there, funds are insured and I think that it's likely to deposit with a credit card.
    Thanks , I wasn't aware.

    Finally I think I will exchange intbrker to get cfd/commodity/stock future coz it's access into hk and sg market where there are particular types of future short tool only available in hk/sg for my house stock. Additionally, it may exchange futures.

    Right now I'm not ready yet... so see whether any little deposit/small position/free cc deposits is possible for me to exchange live learn at lower cost.
    ... fxsol-aus is good but there is a limit to maximum 10k cc deposit/month.
    I need a replica of that to allow the other 10k deposit, either mum open another acc at fxsol-aus or if fxcm-uk cfd works similarly should be okey. .

    I checked out saxo appears good, maybe spend some time / now no assistance is online today.

  5. #5
    1. Fxpro finished acc launching, mt4 live can login now, I can observe dow future, oil, etc
    cc is prepared for deposit and will show up in acc in 1hr after deposit and may exchange
    my own language service accent that will need my signature if desire withdrawal.
    So I sent him the signature document instantly, will not deposit .... Until they affirm sig is okey will not hinder withdrawal.

    2. Delta stock replied positive on acc opening
    ask for a signature on ID scanned
    I sent to encourage instantly

    3. Interactivebrokers turned me down a 5th time stating speech proof is not okey.
    So I sent them 3 more doc of speech proof, faint...

    4. Fxcm-uk no reply yet.

    0. Likely will exit fxsol-aus position and req cancellation back to cc by end of June.

    Have not assessed saxo yet.

    Ps: I saw in fxpro sp500 mini end of june future is greater than sp500... can we exchange this gap?

  6. #6
    After a few clarificiation (email response almost immediately)
    I provided a contract with my signature and a few 3rd party credentials.

    Support approved as signature evidence
    and merit no question will be asked about withdrawal/cancellation (that is their famous problem many whined)

    fairly pleased with that... will deposit 500$ today and req cancellation by 10th of july.

    Of all coz trade long aud/usd for earning interest only.

    [edit] well I read withdrawal notes carefully and found they desire cc scans for withdrawal...
    so I offered to provide cc scan right now... so that by time of withdraw they don't have any justifiion to delay...

  7. #7
    Today withdrawl must be no questions asked...

    that they req scan with CVV2 exposed. Possibly my cc bank averts unautherized cc use of 3rd party.

  8. #8
    sorry I made a mistake...

    that the 3.1$ screen today was due to weekend and July.4 holiday.

    Support explained that typical roll-over curiosity is for each single day and 365 days a week... just monday will charge for holiday so it is high now.

    I assessed my report it is true.
    For wendesday - friday it is 0.76$ each day for 8400$ position...

    so annualized interest ought to be 0.76*365/8400=3.3% a year...

    support affirm this. Sounds like a more than terric interest rate to acquire from...

    Quote Originally Posted by ;
    got some information regarding cfd and futures trading there.

    Nevertheless they'll affirm the swap rate daily... soon after...

    that is the bench mark from fxsol-aus dow index CFD....

    1 place / 8400$ costs 3.1$ daily... will seat mark it.

  9. #9
    What annoyed me is sounds support isn't clear how the rates are...

    once I explain my understanding he accept... I will try demo to verify this anyway.

    To get dow miniature future it is like this

    1 lot=5*8400$ =40,000$, commission is 15$/40k or 3pip per round trip
    margin req is 1000$ or 40x leverage.

    Min standing size=0.1 lot or 4000$, commission is 1.5$
    or 3$ 4000 for 8400$ standing

    margin req is 100$ or 40x leverage for 4000$/0.5dow, or 200$ for 8400$/1.0dow.
    Min acc is 500$ then trade 4k dow standing with 1k$ acc risk is approximately 4:1

    disperse is 2pip... so overall buy/sell price is 2pip disperse 3pip commission or 5pip
    fxsol-aus is 6pip buy/sell

    regarding exchange rate, long dow rate is -0.79pip every day,
    or 0.0079%*8400 $ per day, that is approximately 0.66$ per day that's competitve tie with fxsol-aus.

    Problem with fxpro at this time is that they don't offer dow index cfd, can only trade Sep. dow future? ....8600 does not carry much significance for me.

    Anyway it is a good beginning seeing spread/commission/rollover and position/acc/leverage.

    May attempt put in 1k to trade live test starting next week.
    (at competitive price,,, the speed of draw exec and clarity of tech support / fund security seems lower than fxsol-aus so... 2nd origin)

  10. #10
    Requested cc deposit cancellation back to two cc to get fxsol-aus, approved w/o a query asked.

    Deltastock need a lawyer or offical to affirm my signature, have not come up with a means to do it.

    Fxcm-uk/cfd affirm that appliion received past friday... then kept silent till today (they claim 5-7day TPT to start acc anyhow [see edit2])
    I actually liked their platform and financing security much... just minutes position is 40k$ that's bit big.

    Intbrker appears to check email less than once every day, no upgrade.

    Oh, fun part of fxpro (and maybe delta) is I will buy 10 shares of Citi to get 30$ position size and 3$ margin... commission is 0.1% and disperse is 1% but anyway it is very enjoyable and possibly smallest cash required to perform(asif?) Real stock.

    Fxpro possess dow future but no dow index cfd or hk index cfd... sounds like fxsol remains undoubtedly the best to exchange easily and securely with.

    [edit1] fxcm-uk do possess hk index cfd and dow index cfd in demo... so they're okey... still has to tell through live exp.
    [edit2] the rep here contacts to start looking into acc open TPT problem that's a fantastic sign anway.

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