Question 1

What Is the Maximum Leverage Eightcap Offers?

Accepted Answer

Leverage at 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 licensed brokers, 500:1 was the most leverage this licensing authority allowed, until 29th March 2021.

Eightcap also has a VFSC license, which has no leverage restriction.

The leverage offered by Eightcap is generous. Leveraged trading should be used with caution. Leverage can seriously increase risk exposure, as well as potential profits.

Question 2

Does GO Markets offer a demo account?

Accepted Answer

Yes, GO Markets do offer a demo account that permits amateur traders to enter the universe of trading.

You can use their MetaTrader 4 demo account and begin trading indices, commodities, forex and cryptocurrencies as CFDs in a training environment with $50,000 in virtual assets.

https://malcolm-en-gb.s3.eu-west-1.amazonaws.com/instances/fD8Vaj8U8w/resources/mz4XDtNzHG/gomarkets-demo-account.jpg (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 3

Does AvaTrade Give a Bonus?

Accepted Answer

AvaTrade gives welcome bonuses to new customers who have never traded with AvaTrade before. If you are not clear on how to receive an AvaTrade bonus or, as it is known to AvaTrade, an AvaTrade Partner Code”, you can click here, and it will guide you through how to claim an AvaTrade signup bonus.

Using the partner code 128979 will get you the maximum available bonus.

Be aware that some regions are not eligible for a signup bonus; please check the T&Cs for your area.

Question 4

How Many Traders Does AvaTrade Have?

Accepted Answer

With over 400,000 registered customers worldwide, AvaTrade has established itself as one of the leading online trading platforms globally. Founded in 2006 by a team of financial professionals and web commerce experts, AvaTrade was created to perfect the online experience for retail traders.

In an astonishingly brief period, AvaTrade's meteoric rise has catapulted the platform into a global powerhouse, boasting approximately 400,000 registered traders worldwide who collectively execute over three million trades each month and generate a staggering monthly trading volume of $60 billion. With regional offices in Ireland, Italy, Poland, Mexico, Australia, and more, AvaTrade has established itself as a truly international brand, connecting traders from all corners of the globe.

AvaTrade's highly regulated structure, with nine regulations across six continents, provides traders peace of mind and confidence. The company's user-oriented perspective and solid financial backing make this broker unique in online trading. From its multilingual support desks to its broad range of platforms and services, AvaTrade has created the optimal trading environment for every level of trader.

With a wide scope that includes Forex, Vanilla Options, Stocks, Indices, Commodities, ETFs, Bonds, and Cryptocurrencies, traders can choose from cutting-edge platforms such as WebTrader, MT4, MT5, AvaOptions, the award-winning AvaTrade app, or the AvaSocial app for copy trading. AvaTrade's commitment to excellence is evident in the numerous industry awards it has earned since 2009, providing traders with the confidence that they are partnering with a top-tier platform.

Question 5

Can I use MetaTrader 4 without a broker?

Accepted Answer

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

Question 6

How do I deposit money into Pepperstone?

Accepted Answer

How do I deposit money into Pepperstone?

Question 7

Does Pepperstone have negative balance protection?

Accepted Answer

Does Pepperstone have negative balance protection?

Question 8

Does Pepperstone allow hedging?

Accepted Answer

Does Pepperstone allow hedging?

Question 9

Is My Money Safe in AvaTrade?

Accepted Answer

When it comes to your funds and safety, there's a joint responsibility with AvaTrade for your own funds. As a client keeping your passwords and 2FA secure is your responsibility.

When considering whether your money is safe with AvaTrade, it's important to note that AvaTrade is a well-regulated broker.

Based on our comprehensive AvaTrade review, AvaTrade is regulated by several major financial authorities, including the Central Bank of Ireland and the Australian Securities and Investments Commission (ASIC). These regulatory bodies ensure that AvaTrade adheres to strict financial and operational guidelines, offering its clients a higher degree of protection.

Furthermore, AvaTrade goes the extra mile to protect your funds. The broker adheres to client fund segregation policies, ensuring your funds are kept separate from the company's operational funds. This provides an additional layer of safety, particularly in the unlikely event of the company's insolvency. AvaTrade also offers negative balance protection, guaranteeing that clients cannot lose more than their initial deposit.

In conclusion, AvaTrade's regulatory oversight, segregated accounts, and protective measures, such as negative balance protection, suggest that your money is relatively safe when using this broker.

Question 10

Is MetaTrader 4 a Broker?

Accepted Answer

No, MetaTrader 4 is not a broker. It is a Trading Platform (software)

Why Do People Think MetaTrader 4 Is a Broker?

Understandably, people might think MetaTrader 4 is a broker as it is one of the world’s most popular trading platforms, and it is used in many trading screenshots online and within YouTube videos.

An analogy to help people understand the relevance of a trading platform is how you might connect to the Internet:

An ISP (Internet Service Provider) is like a “Broker”; for a fee or commission, they will enable you to connect to the Internet. MetaTrader 4 is like your modem (router), which allows you to connect to and use the Internet, i.e., trade in the financial markets.

MetaTrader a Trading Platform

MetaTrader 4, commonly referred to as MT4, is a trading platform that can be installed on Windows, Mac, Android, iPhone, and Linux, with native versions of each.

MT4 is best used on Windows. We have experienced a few issues with the Mac version and found it is less responsive, so we recommend using Windows to use MT4, however, the Macintosh version is improving each year.

When you become more experienced at trading or if you are running trading scripts and trading bots (in MetaTrader, these are known as Expert Advisors, or "EAs") it’s highly recommended that you use a VPS (Virtual Private Server), which will allow you to run the MetaTrader 4 platform 24/7 allowing you to turn your personal computer off and keep MT4 trading. A VPS is often a much faster connection to The Internet, allowing you to make trades at the fastest possible speeds via MT4.

A “web trader” version of MT4 allows you to use MetaTrader within most web browsers. Most brokers offer this version of MT4, but it has limited features.

You log into MT4 using the username and password provided by your broker. You commonly use your broker’s backend system to fund (and withdraw) funds from your account.

Once you log in to MT4, your broker account will make the funds available.

Different Versions of MetaTrader 4

Brokers provide MetaTrader 4 and other third-party trading platforms, such as cTrader or MetaTrader 5, a newer but less popular version of MetaTrader made by MetaQuotes.

It’s essential to note MetaTrader 4 is not exclusive, although many brokers’ marketing material would suggest it is; this is just a marketing spin.

Awards for “best trading platform” when a broker’s primary trading platform is MT4 are usually based on what plug-ins and tools are offered or the broker’s latency (speed). Generally, if your connection to the markets is quick, an “award” for the best trading platform should not sway your decision when choosing a broker, although they are often a good point of reference.

As mentioned, brokers may offer their customers different plug-ins and add-ons for MT4, like Autochartist or “MT4 Supreme Edition,” but essentially, it’s just MT4 with add-ons. MT4 is, essentially, the same across all brokers, or can be customised using plug-ins and EAs to operate the same.

MetaTrader 4 Brokers - What Does This Mean?

Some brokers do not use proprietary software and rely entirely on third-party trading platforms like MetaTrader to connect their clients to the markets. These brokers are commonly called “MetaTrader Brokers. Brokers Pay A License For MetaTrader 4.

Brokers pay a license to use MT4, which is dependent on the number of users and the “add-ons” and “white label” functions they use.

MT4 Being Phased Out for MT5

Interestingly, although it is still the most popular trading platform, MetaQuotes is no longer providing new brokers with MT4 licenses and no more MetaTrader 4 licenses to brokers.

Due to this, seasoned traders are increasingly seeking MT4 accounts, and some brokers are offering incentives to switch to using MetaTrader 5.

MetaTrader 4 Download

Due to MT4’s above limitation, it is no longer accessible to download MT4 directly from the MetaQuotes website. The links are all still available, but they will download MT5 when you click them. MT5 is fine to use if you’re starting trading and can do all MT4 does.

Most seasoned traders have been using MT4, so they prefer what it offers, including the unique base language it is coded with.

Can I Download MetaTrader 4?

Yes, if you wish to dowload MetaTrader 4, you can do so via an old archived link that is available here. Please note, this may not be supported by your broker, and is to be used entirely at your own risk.