Question 1

What is the minimum deposit on XM?

Accepted Answer

What is the minimum deposit on XM?

Question 2

Can I use MetaTrader 4 without a broker?

Accepted Answer

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

Question 3

Does Pepperstone allow hedging?

Accepted Answer

Does Pepperstone allow hedging?

Question 4

How do I open a Pepperstone account?

Accepted Answer

How do I open a Pepperstone account?

Question 5

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.

Question 6

How much capital do I need to trade at Admiral Markets?

Accepted Answer

On the off chance that you have chosen to, or are as yet thinking about whether to turn into a professional [Forex trader](https://tradetheday.com/education/become-forex-trader/), you’re most likely asking yourself questions, for example, How much capital do I need to trade at Admiral Markets?

Capital relies upon the kind of account you want to open with [Admiral Markets](https://tradetheday.com/brokers/admiralmarkets/).

Since various account types offer an assortment of services and for the most part, require various "beginning" or "starting" funds. Yet, generally, you can open an account with a little capital.

For instance, to open a Trade on the [MT4](https://tradetheday.com/platform/metatrader4) account, you need a least deposit of **$200** USD to trade with Admiral Markets.

Question 7

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 8

Is Pepperstone safe?

Accepted Answer

Is Pepperstone safe?

Question 9

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 10

Does easyMarkets accept US clients?

Accepted Answer

In short, no, [easyMarkets](https://tradetheday.com/brokers/easymarkets) does not accept US clients.