Question 1

Does GO Markets offer a demo account?

Accepted Answer

**Yes**, [GO Markets](https://tradetheday.com/brokers/gomarkets) do offer a demo account that permits amateur traders to enter the universe of trading.

You can use their [MetaTrader 4](https://tradetheday.com/platforms/metatrader4) demo account and begin trading indices, commodities, forex and cryptocurrencies as CFDs in a training environment with $50,000 in virtual assets.

![gomarkets-demo-account.jpg](https://malcolm-en-gb.s3.eu-west-1.amazonaws.com/instances/fD8Vaj8U8w/resources/mz4XDtNzHG/gomarkets-demo-account.jpg)

On the off chance that you've been thinking about jumping into the forex market and testing the service of GO Markets, the MT4 Demo will be a good start. The GO Markets live demo trading platform of MetaTrader utilises the same price feed as live MT4 accounts. Therefore, you'll encounter continuous spreads and quick execution, as you would in the live GO Markets trading environment.

This gives beginners the ideal chance to download and experience the genuine platform and begin trading, which will cost nothing.
## GO Markets demo account features:

* Free to open
* $50,000 in virtual funds
* Real-time spreads and charts
* Over 80 technical analysis tools
* 24/5 multilingual client support
* Access to all types of accounts, platforms and products^

In addition, GO Markets have a full set-up of instructive material, including instructional video exercises, to enable you to understand what the basic aptitudes are to be when utilising MT4.

Like most of the other customers, you will quickly learn there are a few key abilities required when you launch the trading platform and start to trade, but also be aware, the psycology of trading "demo account funds" is vastly different to when trading on a live account.

*^Share CFDs currently are not available on demo accounts*

Question 2

Who is the most trusted forex broker?

Accepted Answer

Who is the most trusted forex broker?

Question 3

Can I use MetaTrader 4 without a broker?

Accepted Answer

Can I use MetaTrader 4 (MT4) without a broker?

Question 4

How do I deposit money into Pepperstone?

Accepted Answer

How do I deposit money into Pepperstone?

Question 5

Does Pepperstone have negative balance protection?

Accepted Answer

Does Pepperstone have negative balance protection?

Question 6

My MT4 is displaying an “Invalid Account” error

Accepted Answer

With MetaTrader 4, try logging into your account again. There is the possibility that you entered incorrect info on your first attempt- either your account number or your password. If you have any issues with your password, please go back to check the email that was sent to you on your registration.

[MetaTrader 4](https://tradetheday.com/platforms/metatrader4) can be a little tricky when comes to logging in and out. If you've copy pasted your account number (user name) and/or password, make sure you've not copied a "space" before either of them.

This can cause an incorrect password error, a tip is to copy paste your account number (username) and password and paste them into a plain notepad .txt document and then copy them from that into [MT4](https://tradetheday.com/platforms/metatrader4), this way it strips out any special characters that may be copied over from an email styling format or indeed you'll be able to see if there's a space included before or after the account number and password.

Obviously be sure you do not save your account number and password in a plain text document after you've checked your logins.

Question 7

Is Admiral Markets a good broker?

Accepted Answer

Admiral Markets is the well-reputed brokerage firm established in 2001. The organisation serves clients worldwide across 40 nations, including Australia, the United Kingdom, Cyprus, Estonia and throughout Europe. However, its headquarters is located in the heart of London.

Moreover, Admiral Markets is enlisted by the Cyprus Securities and Exchange Commission (CySEC), the Australian Financial Services License (AFSL), and Financial Conduct Authority (FCA).

The organisation is hence empowered and regulated to offer its services and not a bad brokerage firm. Besides, as per FCA rules and guidelines, client capitals are kept separate from organisation resources. This secures the clients’ assets and guarantees accessibility consistently. It can’t be utilised by the organisation or utilised in the impossible possibility of indebtedness.

Question 8

What is the maximum leverage Eightcap offers?

Accepted Answer

Leverage at [Eightcap](https://tradetheday.com/brokers/eightcap) starts at 100:1 and goes up to a maximum of 500:1.

Eightcap started as an Australian broker licensed with ASIC. As with many [ASIC](https://tradetheday.com/glossary/asic) licensed brokers, 500:1 was the most leverage this licensing authority allowed, until [29th March 2021](https://newshub.asic.gov.au/read-this-before-trading-cfds/).

Eightcap also has a [VFSC](https://tradetheday.com/glossary/vfsc) license, which has no leverage restriction.

The leverage offered by Eightcap is generous. Leveraged trading should be used with caution. [Leverage](https://tradetheday.com/glossary/leverage) can seriously increase risk exposure, as well as potential profits.

Question 9

How do I claim a partner code with AvaTrade?

Accepted Answer

Place the partner code **128979** into the "have partner code" box and you'll get your [AvaTrade welcome bonus](https://tradetheday.com/broker/avatrade/partner-code).
![avatrade-partner-code.gif](https://malcolm-en-gb.s3.eu-west-1.amazonaws.com/instances/fD8Vaj8U8w/resources/V7oPojyJLC/avatrade-partner-code.gif)
Your [AvaTrade partner code](https://tradetheday.com/broker/avatrade/partner-code) will be activated when you click on create account.

Question 10

Why do brokers use a VFSC license?

Accepted Answer

The VFSC is the "Vanuatu Financial Services Commission", which is the financial regulatory authority of Vanuatu ([VFSC website](https://vfsc.vu)).

## Why use a license from Vanuatu?

Brokers that have clients using leverage of 500:1 might look to license within other jurisdictions enabling them to continue offering this leverage to clients, to that ratio.

Within Vanuatu there is **no leverage restriction on brokers financial products**. Therefore brokers wishing to offer clients a higher leverage product can on-board them via this license.

Be aware, if you are on-boarded via a license outside of your country of residence, the protection you might receive for the money in you brokerage account differs to the regulation under the **VFSC license**.

For some traders, this is a red flag, for other traders, that wish to access higher leverage, it's a known but *accepted risk*.

The three main reasons a broker might use a [VFSC](https://tradetheday.com/glossary/vfsc) license.

### 1. Speed of getting a license.
The speed on setting up a license in Vanuatu is competitive verus other jurisdictions. Providing all documents and required information is submitted on time, a license can be granted with just 3 months. Keep in mind this is much quicker than other regions that have different application processes.

For example, approval for a Cyprus ([CySec](https://tradetheday.com/glossary/cysec)) forex license can easily take over 12 months.

Often forex brokers looking to obtain a fast license, consider VFSC. Consider this when selecting a broker, are they going to be around for long, is this broker trust worthy. Often a brokerage will have several licenses in addition to one with the VFSC.

### 2. A VFSC license is cost effective. 
A Forex Broker license in Vanuatu is cost effective, especially when compared to other "*offshore regions*" like Belize or Seychelles.

If a business is launching a forex brokerage it might make sense financially to begin with a license in Vanuatu saving costs initially and then build a brand. Again, watch out for brokers that wish to establish a brand, not setup and close.

### 3. A Vanuatu dealers in securities license offers flexibility
Establishing a forex broker license in Vanuatu offers flexibility compared to other regions. Unlike a licenses in other areas with leverage capped at certain levels, there are no leverage restrictions for forex brokers licensed in Vanuatu.

In addition, VFSC licensed forex brokers are able to operate as either a market maker or provide straight through processing (STP). The VFSC also permits PAMM/MAM accounts with the inclusion of money management services.