Q: Does Axi Offer Islamic Trading Accounts?

Yes , Axi offers Islamic trading accounts. Axi provides a robust option for traders seeking an Islamic trading account. This account is specifically tailored for those who wish to align their trading activities with Islamic principles, ensuring compliance with Sharia law. Axi’s Islamic trading account stands out by offering a swap-free environment. This means that traders do not incur or pay any interest on overnight positions, a critical requirement for maintaining a halal trading practice. Instead of the usual swap fees associated with holding positions overnight, Axi operates its Islamic account on a fee-free basis, making it an attractive option for Muslim traders. The Islamic account at Axi offers access to the same wide range of trading instruments as standard accounts, including forex, commodities, indices, and cryptocurrencies. Traders using this account can benefit from Axi’s competitive spreads, fast execution speeds, and advanced trading platforms like MetaTrader 4 and MT4 NexGen. This ensures that while adhering to religious principles, traders do not have to compromise on the quality or efficiency of their trading experience. Moreover, Axi’s Islamic account is subject to the same rigorous regulatory standards as other accounts, ensuring a secure and transparent trading environment. This is particularly important for traders who value both their faith and their financial security. Opening an Islamic trading account with Axi is straightforward, and the broker provides full access to its educational resources, market analysis, and responsive customer support to assist with any inquiries. In our assessment, Axi’s Islamic account is a strong choice for traders looking to participate in global markets while adhering to Islamic financial principles.

Q: Can Canadians Use AvaTrade Legally?

Can Canadians Use AvaTrade Legally? Simply put, yes . AvaTrade provides its services to Canadian clients through a partnership with Friedberg Direct, which is part of the Friedberg Mercantile Group. Friedberg Direct is an active member of both the Canadian Investor Protection Fund (CIPF) and the Investment Industry Regulatory Organization of Canada (IIROC).

Question 1

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 2

Is AvaTrade a Trustworthy Broker?

Accepted Answer

AvaTrade is widely regarded as a trustworthy broker due to its strong commitment to security and transparency.

The broker adheres to rigorous regulatory standards worldwide, ensuring the protection of clients' interests and funds. AvaTrade is regulated by top-tier authorities across multiple jurisdictions, including the Central Bank of Ireland, ASIC in Australia, and the Financial Services Commission (FSC) in Japan, among others.

With comprehensive fraud prevention measures and a secure trading environment, AvaTrade provides traders with peace of mind when executing trades.

Question 3

How do I withdraw money From Admiral Markets?

Accepted Answer

You can withdraw capital from your Admiral Markets trading account by providing a withdrawal insistence from your Client Area. There are various withdrawal techniques accessible; in any case, the methods accessible rely upon the deposit method that you utilised at first deposit your trading account.

Beneath, you will see a list with alternatives accessible to deposit or withdraw funds from your Admiral Markets UK Ltd trading account.

Bank Transfer - You can withdraw funds without any commission and fee (2 free withdrawal requests per month). Depending on your country of residence, you can withdraw funds with these currencies: EUR, USD, AUD, BGN, CHF, CZK, GBP, HRK, HUF, NOK, PLN, RON, RUB, SEK, etc. Admiral Markets, bank withdrawal may take up to three business days.
Paypal - This is the very popular transaction method among traders. By this method you can withdraw funds using these currencies: EUR, USD, GBP, CHF, PLN, HUF, CZK, SEK, AUD, SGD. You can withdraw funds without any commission and fee (2 free withdrawal requests per month).
Skrill - This is another most popular withdrawal method, which allows traders to withdraw funds using these currencies: EUR, GBP, USD, CHF, PLN, CZK, HUF, BGN, RON, HRK. For withdrawal using this method, Admiral Markets do not charge any fee (2 free withdrawal requests per month).
Neteller - Admiral Markets allows traders to withdraw funds with Neteller. You can use only two currencies (EUR, GBP) to deposit and withdraw your fund with this method. For withdrawal using this method, Admiral Markets do not charge any fee (2 free withdrawal requests per month).

Question 4

Does easyMarkets accept US clients?

Accepted Answer

In short, no, easyMarkets does not accept US clients.

Question 5

Can I Download MetaTrader 4?

Accepted Answer

Yes, we can provide you with a link to download MetaTrader 4 within this post, however, use the program at your own risk, as some brokers no longer support MT4.

Download MetaTrader 4

Download MetaTrader 4 here.

Click the link.
On the page, click on the orange button "Download MetaTrader 4 for PC and open a demo account.

This is an archived page of MetaTrader 4, which enables you to download a version of MetaTrader 4. If you would like to use this trading platform with a broker, why not sign up to a broker from our wide selection of reviews, or let our AI broker choosing software help pick the right broker for you, here.

Question 6

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 7

Does Axi Offer Islamic Trading Accounts?

Accepted Answer

Yes, Axi offers Islamic trading accounts.

Axi provides a robust option for traders seeking an Islamic trading account. This account is specifically tailored for those who wish to align their trading activities with Islamic principles, ensuring compliance with Sharia law.

Axi’s Islamic trading account stands out by offering a swap-free environment. This means that traders do not incur or pay any interest on overnight positions, a critical requirement for maintaining a halal trading practice. Instead of the usual swap fees associated with holding positions overnight, Axi operates its Islamic account on a fee-free basis, making it an attractive option for Muslim traders.

The Islamic account at Axi offers access to the same wide range of trading instruments as standard accounts, including forex, commodities, indices, and cryptocurrencies. Traders using this account can benefit from Axi’s competitive spreads, fast execution speeds, and advanced trading platforms like MetaTrader 4 and MT4 NexGen. This ensures that while adhering to religious principles, traders do not have to compromise on the quality or efficiency of their trading experience.

Moreover, Axi’s Islamic account is subject to the same rigorous regulatory standards as other accounts, ensuring a secure and transparent trading environment. This is particularly important for traders who value both their faith and their financial security.

Opening an Islamic trading account with Axi is straightforward, and the broker provides full access to its educational resources, market analysis, and responsive customer support to assist with any inquiries. In our assessment, Axi’s Islamic account is a strong choice for traders looking to participate in global markets while adhering to Islamic financial principles.

Question 8

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.

Question 9

Why Trade Futures With Avafutures?

Accepted Answer

Transparent Pricing

When you trade with AvaFutures, you benefit from transparent, low-cost pricing with no hidden fees or surprise charges. With trading costs starting as low as $0.75 per Micro contract per trade, AvaFutures ensures that you know exactly what you’re paying for, making it easier to manage your trading expenses. The platform’s commitment to transparency also means no inactivity fees, so you can trade on your terms without worrying about unnecessary costs.

Trade More with Less

One of the significant advantages of trading futures with AvaFutures is the ability to use high leverage. This allows you to control large trades with a relatively small amount of capital, maximizing your trading potential while benefiting from low margin requirements. With AvaFutures, you can take larger positions in the market without tying up too much of your trading capital, making it an ideal choice for traders looking to amplify their market exposure.

Protect Your Money

AvaFutures offers transparent pricing that facilitates easy hedging strategies, helping you protect your investments against price volatility. By trading futures, you can lock in prices and mitigate the risk of adverse market movements, safeguarding your portfolio in uncertain market conditions. AvaFutures provides the tools and resources you need to hedge effectively, ensuring that your investments are well-protected.

Highly Liquid Markets

Futures markets are known for their high liquidity, and AvaFutures gives you access to these markets around the clock. High liquidity means you can enter or exit positions with ease, even in volatile market conditions. AvaFutures ensures that you have ample opportunities to trade whenever you need to, providing the flexibility and responsiveness required to succeed in fast-moving markets.

Diversify Across Global Markets

With AvaFutures, you can spread your investments across a wide range of assets, sectors, and regions, effectively mitigating risk. Futures trading allows you to diversify your portfolio by gaining exposure to commodities, indices, currencies, and more. AvaFutures provides access to global futures markets, enabling you to create a balanced investment strategy that can weather market fluctuations.

Fair and Reliable Trading Environment

When you trade futures with AvaFutures, you’re trading on large, regulated exchanges rather than through over-the-counter (OTC) brokers. This ensures that your trades are conducted in a fair and transparent environment, free from conflicts of interest. AvaFutures is committed to providing a reliable trading experience where you can trust the integrity of the markets and the platform.

Why Choose AvaFutures?

Trading futures with AvaFutures offers a combination of transparency, flexibility, and security. With competitive pricing, access to highly liquid markets, and the ability to diversify your investments, AvaFutures stands out as a premier platform for futures trading. Whether you’re looking to hedge your investments, leverage your trades, or explore new market opportunities, AvaFutures provides the tools, resources, and environment you need to trade with confidence.

Read our full AvaFutures review where we dive into the AvaFutures platform with Trade the Day, here.

Question 10

Can Canadians Use AvaTrade Legally?

Accepted Answer

Can Canadians Use AvaTrade Legally?

Simply put, yes.

AvaTrade provides its services to Canadian clients through a partnership with Friedberg Direct, which is part of the Friedberg Mercantile Group. Friedberg Direct is an active member of both the Canadian Investor Protection Fund (CIPF) and the Investment Industry Regulatory Organization of Canada (IIROC).