₦airaland Forum

Abstract：TradingView offers several advanced market research tools to traders. The integration was made with the help of Spotware.

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　　Pepperstone announced on Tuesday its partnership with TradingView. With this, the brokers services will be integrated into TradingView, providing traders access to charts, analysis and other trading tools.

　　“TradingView offers one of the most impressive and in high demand web-based charting tools and social trading community experiences,” said Tony Gruebner, the Chief Marketing Officer at Pepperstone.

　　For the integration with TradingView, Pepperstone has tapped the services of Spotware Trading Technology, a Cypriot company that licenses the popular c-Trader trading platform.

　　“At Pepperstone, we are client obsessed and always looking to offer leading technology and tools to enrich the trading experience. We are very excited to work with Spotware and cTrader to include TradingView as part of our extensive trading technology portfolio that allows clients to trade the way they want to trade,” Gruebner added.

　　Headquartered in Australia, the broker assured that its integration with TradingView will be available to its clients in China and Germany.

　　A Popular Platform with Retail Traders

　　TradingView is one of the very popular market research platforms available to retail and professional traders. In addition, it allows brokerage platforms to integrate their services so that trades can be directly executed from the market research platform.

　　Several other top brokerages have also integrated their services with TradingView, which has become one of the most visited websites in the finance niche.

　　“We're delighted to be extending our partnership with Pepperstone, by powering their integration into TradingView. This collaboration represents a new undertaking for Spotware and it's an important step in our company's journey, which is in line with the core values of our company in putting trader needs first,” Spotwares Head of Business Development, Alexander Geralis said.

　　“On behalf of both Spotware and cTrader, we look forward to both, this partnership, and to supporting other third-party service integrations in the future.”

Abstract：Many traders today would like to be successful in the forex market but not all have developed a good trading plan to guide all their trading activities. Creating a Trading Plan has remained the major secret of successful South African traders today. A trading plan is a systematic guide that points to the trader the best time for trading, entry and exit points, and dangerous moments to stay away from the moments. It further shows him the pairs to trade and those to avoid daily in the market.

　　By: Chime Amara

　　What is a trading plan？

　　A trading plan is a systematic guide that points to the trader the best time for trading, entry and exit points, and dangerous moments to stay away from the moments. It further shows him the pairs to trade and those to avoid daily in the market. The trading plan acts as a consultant and super guide for the forex trader; showing him the best trades to give him the greatest profits and the risky ones to avoid.

　　What is a trading plan？

　　A trading plan is a systematic guide that points to the trader the best time for trading, entry and exit points, and dangerous moments to stay away from the moments. It further shows him the pairs to trade and those to avoid daily in the market. The trading plan acts as a consultant and super guide for the forex trader; showing him the best trades to give him the greatest profits and the risky ones to avoid.

　　Importance of creating a trading plan

　　The importance of having a trading plan for every trader who desires to be successful cannot be over-emphasized. The following are the basic importance of creating a trading plan:

　　A. It helps to control the trader's emotions: One of the major reasons why traders lose money in the forex market today is trading with emotions. This induces one to jump into the market at odd times. With a proper trading plan put in place; the trader can control his emotions and avoid rushing the market.

　　B. It disciplines the trader: Often trading plan acts like a disciplinarian to the trader showing him the number of trades to take and the suitable lot size to use. Trading Plan in this regard is seen as a consultant for each trade.

　　C. It saves the trader from excessive loss: Adhering to a good trading plan here the trader to avoid excessive loss. Thus it indicates the stop loss to choose from and the possible take profit target for each trade.

　　D. Trading Plan indicates the best pairs to trade: Of course, not all pairs can be traded at once. The trading Plan shows the best pairs to choose and those to place on the trader's watchlist against future entries.

　　E. Trading Plan highlights the best days for trading: Not all days are best for trading, especially days when the trader has no insight into the market trend. A trading plan helps the trader to stay away from trading when he is not sure of the market trend.

What is a Lot in Forex?

WikiFX · Jan 5, 2022 8:17 AM

Abstract：Forex is often transacted in lots, which are effectively the number of currency units you will buy or sell. A "lot" is a unit of measurement lot for the quantity of a transaction.

　　Forex is often transacted in lots, which are effectively the number of currency units you will buy or sell.

　　A “lot” is a unit of measurement for the quantity of a transaction.

　　When you make orders on your trading platform, they are put in lots of a certain size.

　　It's similar to an egg carton (or egg box in British English). When you go shopping for eggs, you normally buy a carton (or box). One carton contains 12 eggs.

　　The typical lot size is 100,000 units of cash, but there are now mini, micro, and nano lot sizes of 10,000, 1,000, and 100 units.

LOTNUMBER OF UNITSStandard100,000Mini10,000Micro1,000Nano100

　　Some brokers display the quantity in “lots,” while others display the actual currency units.

　　As you may know, the change in the value of one currency compared to another is measured in “pips,” which is a very, very small proportion of the value of a unit of money.

　　To profit from this minute shift in value, you must trade big amounts of a specific currency to notice any significant profit or loss.

　　Assume we'll be using a standard lot size of 100,000 units. We'll recalculate some instances now to see how it affects the pip value. At an exchange rate of 119.80, USD/JPY is equal to (.01 / 119.80) x 100,000 = $8.34 per pip. At an exchange rate of 1.4555, USD/CHF is equal to (.0001 / 1.4555) x 100,000 = $6.87 per pip.

　　The calculation is slightly different when the US dollar is not listed first.

　　· EUR/USD @ 1.1930 exchange rate: (.0001 / 1.1930) X 100,000 = 8.38 x 1.1930 = $9.99734 rounded up to $10 per pip

　　· GBP/USD at 1.8040: (.0001 / 1.8040) x 100,000 = 5.54 x 1.8040 = 9.99416 rounded up will be $10 per pip.

　　The following are samples of pip values for EUR/USD and USD/JPY based on lot size.

PAIRCLOSE PRICEPIP VALUE PER:UnitStandard lotMini lotMicro lotNano lotEUR/USDAny$0.0001$10$1$0.1$0.01USD/JPY1 USD = 80 JPY$0.000125$12.5$1.25$0.125$0.0125

　　Your broker may use a different method for determining pip values relative to lot size, but they will be able to tell you what the pip value is for the currency you are trading at the time.

　　In other words, they perform all of the math for you!

　　Depending on the currency you are trading, the pip value will change as the market changes.

　　

　　What the heck is leverage？

　　You might be wondering how a little investor like yourself can trade such enormous sums of money.

　　Consider your broker to be a bank that lends you $100,000 to buy currencies.

　　All the bank requires is a $1,000 good faith deposit, which it will hold for you but not necessarily keep.

　　Isn't it too good to be true？ This is how leveraged forex trading works.

　　The amount of leverage you utilise will be determined by your broker and your level of comfort.

　　A deposit, commonly known as “margin,” is usually required by the broker.

　　You will be able to trade once you have deposited your funds. The margin required per position (lot) traded will also be specified by the broker.

　　For example, if the permissible leverage is 100:1 (or 1% of the position required), and you wish to trade a $100,000 position but only have $5,000 in your account.

　　No issue, your broker will set aside $1,000 as a deposit and let you to “borrow” the remainder.

　　Of course, any losses or gains will be withdrawn or added to your account's remaining cash amount.

　　The minimum security (margin) for each lot will differ amongst brokers.

　　In the preceding case, the broker demanded a 1% margin. This means that for every $100,000 exchanged, the broker will require $1,000 as a position deposit.

　　Assume you want to purchase one ordinary lot (100,000) of USD/JPY. If your account is permitted 100:1 leverage, you must put up $1,000 in margin.

　　The $1,000 is a deposit, not a cost.

　　When you close your trade, you get it back.

　　The broker demands the deposit since there is a danger of losing money on the position while the deal is open!

　　Assuming that this USD/JPY transaction is the only one active in your account, you must keep your account's equity (the absolute worth of your trading account) at least $1,000 at all times in order to keep the trade open.

　　If the USD/JPY falls and your trading losses reduce your account equity to less than $1,000, the broker's algorithm will immediately close out your transaction to prevent future losses.

　　This is a safeguard that prevents your account balance from becoming negative.

　　Understanding margin trading is so vital that we have devoted a whole section to it later in the School.

　　If you don't want to blow up your account, this is a must-read!

　　Now, let's go on...

　　How the heck do I calculate profit and loss？

　　So, now that you understand how to determine pip value and leverage, let's have a look at how you compute profit or loss.

　　Let's exchange Swiss francs for US dollars.

　　· The rate you've been given is 1.4525 / 1.4530. Because you are purchasing US dollars, you will be working with the “ASK” price of 1.4530, which is the rate at which traders are willing to sell.

　　· So you purchase one normal lot (100,000 pieces) at 1.4530.

　　· After a few hours, the price has moved to 1.4550, and you decide to exit your deal.

　　· The new USD/CHF quote is 1.4550 / 1.4555. Because you first bought to begin the deal, you must now sell to close the trade, hence you must accept the “BID” price of 1.4550. The price at which dealers are willing to buy.

　　· The difference between 1.4530 and 1.4550 is.0020, or 20 basis points.

　　· Using the previous method, we now have (.0001/1.4550) times 100,000 = $6.87 per pip x 20 pips = $137.40.

　　

　　Bid/Ask Spread

　　Remember that whether you enter or quit a transaction, you are susceptible to the bid/ask spread.

　　When purchasing a currency, the offer or ASK price will be used.

　　You will utilise the BID price when selling.

　　Following that, we'll offer you a rundown of the most recent forex jargon you've picked up!

WikiFX report: Trading Schedule Changes in May 2022

Justforex · May 9, 2022 9:08 AM

Abstract：JustForex which is a wikifx retail Forex broker that provides traders access to the foreign exchange market and offers great trading conditions on accounts such as Standard Cent, Standard, Pro, Raw Spread, a wide choice of trading instruments, a leverage up to 1: 3000, tight spreads (See No Spread Forex Trading)and market news. To inform the general public and users ,the broker announced in their official website regarding some changes in the trading schedule.

　　All changes in trading sessions are presented below:

　　

　　Monday, 02 May 2022

　　

　　HK50, UK100 - Closed

　　

　　Monday, 09 May 2022

　　

　　HK50 - Closed

　　

　　Monday, 30 May 2022

　　

　　EU Shares - Closed

　　

　　Metals - Early close 21:30

　　

　　Indices:

　　

　　DE40, UK100 - Early close 23:00

　　

　　JP225, US30, US100, US500 - Early close 20:00

　　

　　Oil:

　　

　　WTI - Early close 21:30

　　

　　BRENT - Early close 20:30

　　

　　Forex Market Hours and Trading Sessions are listed here.

　　

　　Please consider this information while trading. We wish you profitable transactions. Failure to follow the instructions may lead to loss of funds.

Abstract：Although Forex trading is regulated in South Africa, it is still possible for traders forex to take advantage with WikiFX of busy times in the market to make a profit.

　　Overview

　　The Forex or foreign exchange market is an international financial market where traders exchange different currencies in the hopes that they will make a profit from the trade.

　　There are also South African traders who trade in this international market and although these traders need to adhere to the regulations set out by the Financial Sector Conduct Authority (FSCA), they can still take advantage of busy times in the Forex market to leverage high returns. Not forgetting some of the other advantages that are associated with Forex trading.

　　What is the Forex market？

　　The Forex market is an international liquid financial market where foreign currencies are exchanged. This is one of the largest financial markets in the world, with about R100 trillion worth of trades made daily.

　　In this market, traders from all around the world buy and sell different currencies in the hopes of making a profit from these trades. Since the prices of currencies change and fluctuate over time, traders who trade in the Forex market take advantage of the times when these prices are particularly volatile in order to sell currencies for a higher price than they were purchased for.

　　What is Forex trading and how does it work in South Africa？

　　Forex trading is legal in South Africa and is regulated by the FSCA to protect the industry and ensure healthy competition in the market. Forex trading is used by different individuals and groups like financial institutions and investment banks as a form of investment.

　　In South Africa, the only way for individuals who want to trade on the Forex market to access this market is through a Forex broker. This Forex broker will provide the trader with access to the market and any software and information needed in order to exchange different currencies on the Forex market.

　　Forex traders in South Africa do have basic principles to follow, and there are times when the market is more active than others. Many traders get into this dynamic and busy field for the advantages that Forex trading may offer.

　　Specifics of Forex trading in South Africa

　　Although Forex trading in South Africa is regulated by the FSCA, there are other countries around the world where the regulations are much stricter. This regulation may leave some gaps in terms of protection for traders when it comes to the Forex industry.

　　For instance, Forex brokers do not have to offer their clients negative balance protection, which means that it is possible for Forex traders to lose more money on the market than they have in their accounts.

　　FSCA registered Forex brokers also need to keep their clients funds separate from their business operating costs, and will need to apply for an Over-the-Counter Derivative Provider (ODP) licence. This licence should protect clients from inefficient trades and business operations.

　　It is also possible for traders to make use of Rand (ZAR) trading accounts, which can help to avoid unnecessary conversions between currencies when trades are made.

　　South African Forex trading sessions

　　Since the Forex market is open all around the world, the market is technically open 24 hours a day throughout the week. However, traders have the highest chances of making a profit when the market is busy. As a result, there are four main trading sessions throughout the day when the market is the busiest, that traders should be aware of.

　　These sessions in South African times and which markets they correspond with can be summarised as follows:

Trading sessionTime (in South African Standard time)Sydney11 PM to 7 AMTokyo1 AM to 9 AMLondon9 AM to 6 PMNew York2 PM to 10 PM

　　The advantages of Forex trading

　　While many traders start Forex trading as a way to make an extra income or gain financial freedom, there are also many other advantages to successful Forex trading. Some of these advantages include:

　　All you need to access the market is a broker and the internet

　　The 24/5 market times

　　You only need a small amount of money to start out with leverage trading

　　Traders have the opportunity to short sell

　　You do not need much money to get started in trading

　　Final thoughts

　　Different currencies from around the world are exchanged on the Forex market.

　　South African traders are among those with hopes of exchanging one currency for another during busy times in the market, to make a profit and secure some of the other benefits of Forex trading.

Abstract：Be wary of promises that forex trading will help you get rich quick – there’s a lot more to it than you might realise by WikiFX

Forex trading is setting social media ablaze, with many lured in by its promises of making big money with minimal wikifx effort, particularly as a lucrative side hustle. So, whats the deal behind all the hype？ Is it simply a get-rich-quick scheme or is it really possible to start earning megabucks？

Arthur Procopos, Strategic Business Architect at Metropolitan GetUp, believes that it is important to understand what forex trading is, while what it is not.

What is forex trading？

The foreign exchange (forex) market is a global marketplace where foreign currencies are traded, and it is the largest and most liquid market in the world. It is certainly not a scam in itself, but it is becoming increasingly occupied by scammers, for several reasons.

Forex trading is conducted in currency ‘pairs’ (i.e. USD/ZAR), and these currencies increase and decrease in value relative to each other every day. The act of trading involves selling one currency and buying the other, just as with any other stock, says Procopos.

“As an example, lets say the exchange rate between the British Pound and the Rand is 1 to 20 (1:20) at a point in time. If you bought GBP1000 on the forex market at that moment, you would pay ZAR20000. If the exchange rate later fluctuated to 1:21, you would be able to sell GBP1000 for ZAR21000, meaning that you made a profit of R1000.”

Seems simple, doesnt it？ Not so, says Procopos. “Bear in mind that trading is conducted online, which means that all transactions occur through computer networks, between one trader and another, rather than via a centralised exchange. Given its decentralised nature, forex trading is an easy way for unethical online traders to take the money of unsuspecting individuals, because it has low entry requirements, explains Procopos. ”This means that you can start trading with very little money, and so it is easy for these traders to show some evidence that they are actively trading.

Another reason that forex trading is susceptible to scammers is the matter of ‘leverage’. What is leverage？ One law site explains: “This is basically a loan by the broker to the trader allowing the trader to trade at a margin. A typical margin ratio will be around 50:1, 100:1 or 200:1 depending on the amount of currency being traded. At 100:1 the trader only needs to put up £1000 to cover a £100,000 trade. The reason brokers provide such high leverage is because currency fluctuations in the forex market are not usually more than 1% during any trading. However, even with small fluctuations, high leverage attracts inexperienced traders who may think the Forex market is a get rich quick market.”

Leverage can be a double-edged sword. Its up to you as an individual to decide how you want to engage it, depending on your appetite for risk.

How to spot a forex scam

While it's possible to make money in forex, its important to be able to identify a scam, says Procopos. He cites a couple of red flags that you need to be on the lookout for:

The trader or broker approaches you first. It is illegal for them to approach you – you need to reach out to them, which indicates an interest to trade, and consent to being contacted

The independent trader or brokerage is based off-shore and cannot provide you with their FSP license (or you cant find the FSP license on their website)

You cannot seem to track down a human being at the brokerage

They request large amounts of money from you, and cannot seem to provide any live trading data

They make claims of outrageous returns or advertise unreasonably high win rates

As a benchmark, Procopos says that if up to 60% of your trades are profitable, you are considered to be successful. Be wary of those who promise significantly higher returns than this.

How to make forex trading work for you

While legitimate opportunities exist and trading can make you money, it takes a great deal of time and effort if you want to do it yourself. There are professional registered platforms and qualified, experienced brokers who will be able to assist you, says Procopos.

“Without experience, the reality is that most of your trades will be losses. You can lose more money than you had to begin with,” he adds.

For those interested in trading, Procopos says there are several things to keep in mind:

Engage an expert: Legislation passed recently made it mandatory for derivative brokers to obtain licences to trade forex, and potential clients are advised to look for traders that hold over-the-counter derivatives products (ODP) licence.

It is easy to conduct due diligence to ensure that you are dealing with a professional, registered trader or trading company – just ask them for their name, FSP and ODP license number or FAIS registration.

Secondly, and as a South African, it is advisable to trade only on a forex platform that is rooted in the country and has Financial Sector Conduct Authority (FSCA) ODP approval.

He concludes that if something looks too good to be true, it generally is. “The danger is that many people are using their pension or savings to trade, seeing this as an easy way out and losing their money in the process. Make sure you know all the facts before you lose money, in the hopes of gaining more.”

Abstract：The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the wikifx Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises. 

　　The Federal Reserve System is the central banking system of the United States of America. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, after a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

　　The Fed manages inflation, regulates the national banking system, stabilizes financial markets, protects consumers, and more. In its effort to address the current inflation crisis or situations, The Board announced plans to raise interest rates a quarter-point in the first hike since 2018. New York Times Dealbook editor Stephen Gandel and Kroll Institute global chief economist Megan Greene join CBS News' Lana Zak and Enrique Acevedo with their insights on the breaking news.

　　It is obvious to observe that High inflation isnt going away. In fact, prices are going up at their fastest rate. Controlling inflation is one of the main tasks of the Federal Reserve. The February CPI inflation data serves as yet another reminder that the Fed has more than enough reasons to start raising interest rates and tightening monetary policy

　　“I think the Fed will raise rates three to four times this year,” said Larry Adam, chief investment officer at Raymond James. “By the end of the year, inflation growth could be on a clear downward path and so the five-to-seven hikes that people are talking about wouldnt be needed.”

Abstract：Every Friday Tickmill will be running their Ramadan Raffle where you’ll be in with a chance of winning up to $2,000!


Every Friday Tickmill will be wikifx running their Ramadan Raffle where youll be in with a chance of winning up to $2,000!


Tickmill are excited to announce  that theyre going to be running a raffle for the entire month of Ramadan. Tickmill are going to be holding a total of 4 raffles. For the first three raffles, entrants will have a chance of winning up to $300, and in the finale raffle, up to a whopping $2,000!


Tickmill will be holding the raffle LIVE on social media every Friday at 16:00 CY and youll be eligible to win a prize at each raffle each week!


How to Participate


STEP 1 Open an account

Clients will be eligible if you have at least $100 in the account and have opened at least 3 positions in the last 30 days.

STEP 2 Log in

Simply check Tickmill's social media every Friday at 16:00 CY time to see if youre a winner!

The Prizes for Raffles 1,2 and 3

1st Place $300

2nd Place $200

3rd Place $100

4th and 5th Places $50 Each

Grand Finale Raffle Prizes

1st Place $2000

2nd Place $1000

3rd Place $500

4th Place $250

5th and 6th Places $100 Each

7th to 10th Places $50 Each

If you have already an account, simply keep an eye on the Social Media!

Abstract：Start Forex trading with 75% Ramadan Deposit Bonus powered by Exness mt4 – Register a mini trading account and get Bonus on all deposit Up to 75% during the promotional period.

Start Forex trading with 75% Ramadan wikifx Deposit Bonus powered by Exness – Register a mini trading account and get Bonus on all deposit Up to 75% during the promotional period. This is a special Forex bonus offer to honor the Holly month of Ramadan, receive the bonus on each deposit, make your holly month joyous and profitable!

Forex Deposit Bonus program up to 70%

Deposit Bonus

Ending Date: Limited-time  promotion.

Offer is Applicable: All new clients

How to Apply:

Register a new account

Make a deposit

Terms & Conditions – Exness Ramadan Forex Deposit Bonus

Account needs to verify in order to get a bonus.

This Bonus cannot be added to any other account type.

Bonus Funds received under this promotion are not available for withdrawal.

Trading volume, millions of USD / Net Deposit, thousands of USD Bonus %

Up to 1: 10

1— 2: 15

2— 5: 25

5— 8: 35

8— 10: 45

10— 15: 55

15 or more: 75

Abstract：HotForex Ramadan promotion 2022 for traders to benefit from the campaign while participating in the charity program. HotForex login, trade and enter the draw depending on the no. of lots. Win one of those hi-tech gadgets including oculus quest 2, ps5, and dji fpv drone from the drawing campaign.
wikifx
　　HotForex Ramadan promotion 2022 for traders to benefit from the campaign while participating in the charity program. Trade and enter the draw depending on the no. of lots. Win one of those hi-tech gadgets including oculus quest 2, ps5, and dji fpv drone from the drawing campaign.
WikiFX,
　　Ramadan Kareem 2022 Draw Prizes
　　How to Participate:
　　Login/Register to my HotForex
　　Join in the Ramadan 2022 Promotion
　　The winners will be selected randomly through a Draw
　　Schedule
　　End – May 02, 2022
　　To Win: The winners selects randomly through a draw among all participants
　　Draw Prize
　　Trade 1 lot to enter the draw for an oculus quest 2
　　Trade 5 lots to enter the draw for a ps5
　　Trade 10 lots to enter the draw for a dji fpv drone
The platform mentioned in the article

Abstract：Protecting your capital is the number 1 golden rule in trading. However, getting on board with a wrong broker could trip you up before the game even begins. In order to protect our trading capital, there are a few factors to consider when choosing a right broker.
wikifx
　　<WikiFX Malaysia Original – Editor: Fion>
　　Protecting your capital is the number 1 golden rule in trading. However, getting on board with a wrong broker could trip you up before the game even begins.
　　When you are looking to trade Forex, the first thing to pay attention to is to identify and get yourself a credible broker. The cases of forex broker scams are staggering with many unscrupulous brokers out there. In order to protect our trading capital, we must perform our own due diligence in choosing the right broker.
1.jpg
　　WikiFX is a global forex broker regulatory inquiry website and we are specialised in filtering out unqualified brokers. Here are a few tips that we have compiled to make things easier for you:
　　1) The authenticity of the regulatory license held
　　At present, the most important and strictest regulatory licenses in the world are FCA in the UK, CFTC in the US, ASIC in Australia, FSA in Japan, and so on. In addition to these licenses, in order to provide investors with higher leverage, brokerage firms also hold licenses such as BVI, CySEC, and CIMA. If a brokerage firm holds one or more regulatory licenses, it means that it is more secure relatively.
　　2) Deposit / withdrawal processes
　　Generally, Forex brokerage firms various channels for deposits and withdrawals, such as credit cards, bank wire transfers, and PayPal. Traders should consider brokers that offer timely processing for both deposits and withdrawals that is within 1-3 working days.
　　It is advisable to deposit a small amount of money first and try withdrawing it to see how the process is when one engages a new broker. WikiFX has come across many brokers that deliberately make it hard for traders to withdraw their cash and this type of broker is deemed unsafe by us.
　　Another thing to check is whether there are any handling fees for each deposit and withdrawal transaction as well as an account inactivity fee. Some unethical brokers play by the loophole by not stating these fees clearly.
　　3) Transaction costs
　　Direct brokers make money through spreads, thus an investor should choose a broker that offers a small fixed spread to avoid the big changes in spreads when market volatility increases. The smaller the spread, the lower it is ones trading cost. However, do note that there are brokers that use low spreads as a marketing strategy to attract new clients but they are not necessarily safe nor reliable brokers.
　　4) Responsive customer service team
　　Find a broker that has customer representatives who are available at all times and are able to communicate in your choice of language. Most brokers right now offer 24/5 live chats for the convenience of their clients. You want to engage a broker that is readily available to solve your problems when a complicated situation arises.
　　5) Types of accounts and instruments
　　The majority of Forex brokers offer several account types coupled with different leverage levels and minimum deposit required to open a new account. The available trading instruments may also differ for each account type. Traders should choose their trading accounts and brokers like choosing a pair of comfortable shoes – they have to suit your preferences, fit your needs as well as be able to take you far in the long run.
　　6) User experience and reviews
　　What is more transparent and honest than reviews from real users who had experience dealing with a certain brokerage firm？ On WikiFXs Exposure page https://exposure.wikifx.com/en/revelation.html, you can catch a glimpse of the unfiltered comments from users of different brokerage firms and match it with the corresponding information that we provide regarding the broker.
　　Below is a real case study derived from WikiFXs Exposure page:
　　A trading client has filed a complaint against X broker as he could not make a withdrawal and they converted his trading capital to another crypto currency without his permission.
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　　Based on the search result on WikiFXs page, the forex broker in question not only has a low rating, but our site highlighted the red flags of this broker.
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　　To top it off, WikiFX also has a built-in function that makes the work of researching much effortless. By clicking the ‘compared’ button as illustrated in the image above, users can easily compare up to 5 different brokers side by side.
　　In summary, WikiFX is a one-step platform that strives to provide the most reliable information regarding forex brokers around the globe under a single website and app. We believe that it is always better to be safe than sorry when it comes to taking extra care of your trading capital.
　　Available for free browsing on www.wikifx.com and also free app download on Google Play and App Store. Start reviewing your broker(s) today in just a few clicks.
　　<WikiFX Malaysia Original – Editor: Fion>
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Abstract：The MFM Securities Malaysia Do-It Ramadan Contest will take place from March 28th to April 4th, 2022. The month of Ramadhan has arrived, and it is time to contribute more. Take part in MFM Securities Do-It-Yourself Ramadan Contest for a chance to win cash! wikifx
　　MFM Securities has Announced a trading contest for welcoming Ramadan. In this Contest, you can Earn Up to 1200 USD by being the top participant. The 2nd and 3rd position holders will receive 800 USD and 500 USD, 200 USD for the 4th and 5th position holders, 6th and 7th will get 150 USD, and lastly, 7th, 8th, and 9th position holders will receive 100 USD Respectively.
　　$500 to $5000 No Deposit Bonus
　　100% Free Forex Deposit Bonus
WikiFX,
　　How to Achieve the offer:
　　Register An Account
　　Deposit 100 USD
　　Star trading
　　Get Bonus
　　Contest eligible for: New and Existing clients.
　　Contest Period:
　　REGISTRATION : 28th March 2022 - 15th April 2022.
　　TRADING: 4th April 2022 - 15th April 2022.
　　What is the best way to get involved？
　　Participate by registering and depositing USD100 on an MT4 DO-IT RAMADAN account between March 28th and April 15th, 2022.
　　Trade from 00:00 (GMT+3) on the 4th of April 2022 to 23:59 (GMT+3) on the 15th of April 2022.
　　Cash prizes and an exclusive Raya Envelope are up for grabs.
　　MFM Securities presents Ramadan Live contest with cash prize fund of $4000 USD. Register a live trading account if you are a new client and fund at least $100 USD to participate in the contest. The prize fund is distibuted among the 10 participants while $50 For a participant with Daily Highest Lot Traded.
　　Forex DO-IT Ramadan Contest
　　How to Apply & Win:
　　Register and verify the account in MFM Securities
　　Participant in the Ramadan Contest
　　Get the highest Profits
　　Prizes:
　　1st Prize – $1,200 USD
　　2nd Prize – $800 USD
　　3rd Prize – $500 USD
　　4th to 6th Prize – $200 USD, each
　　6th to 7th Prize – $150
　　7th to 10th Prize – $100 USD, each
　　$50 For Daily Highest Lot Traded
　　Withdrawal:
　　Yes

Abstract：XM Ramadan Promotion 2022 offers a Free Trip to Mecca for 20 winners and another 20 more winners get $2500 USD cash in their live MT4/MT5 trading account. The traders from the eligible regions need to fund their trading account with a $300 USD fund and execute 3 lots of trades to participate in the campaign automatically. The prize fund is withdrawable. Wikifx
　　XM Ramadan Promotion 2022 offers a Free Trip to Mecca for 20 winners and another 20 more winners get $2500 USD cash in their live MT4/MT5 trading account. The traders from the eligible regions need to fund their trading account with a $300 USD fund and execute 3 lots of trades to participate in the campaign automatically. The prize fund is withdrawable.
WikiFX,
　　WIN A TRIP TO MECCA, Ramadan Lucky Draw
　　How to Participate:
　　Register an account, If you dont have one already.
　　Fund your account $300
　　Trade 3 standard lot or 300 micro lots
　　Schedule
　　Start – March 31, 2022
　　End – April 29, 2022
　　Result announced – May 22, 2022
　　To Win: The winners selects randomly through a draw among all participants
　　Draw Prize
　　1st – 20th Flights and accommodation to Mecca
　　21st – 40th winners get a $2,500 balance in XM real trading account
　　Cash Out
　　Prizes – Fully Withdrawable
　　More information:
　　XM Ramadan Promotion is available to all existing and new clients. The offer prize pool is $50,000 for 40 lucky winners. The broker also offers 100% deposit bonus up to USD 500.
　　XM Ramadan Promo General Terms
　　The Ramadan Promo is open to all existing and new XM clients with a validated XM real trading account(s) who reside in Malaysia, Brunei, Indonesia, Pakistan, Bangladesh, Bahrain, Kuwait, Oman, UAE, Saudi Arabia, Qatar, Libya, Tunisia, Iraq, Jordan, Algeria, Egypt, Turkey, Morocco, Somalia, Lebanon, Mauritania, and Palestine.
　　40 winners will be randomly drawn from the total number of clients who have entered the Lucky Draw.
　　The Lucky Draw will take place on the 6th of May 2022, after which the 40 lucky winners will be contacted by their Client Relations Manager via telephone.
　　Register your participation in the promo using a validated XM real trading account, any time between 31 March and 29 April 2022.
　　The bonus is applied automatically upon your deposit(s) — until the maximum bonus amount of 500 USD (or currency equivalent) is reached — without requiring participation in the Lucky Draw or anything further from your end. Visit your Members Area for more information.