Forex trading can be described as currency trading that traders in different countries all over the globe can participate in. Today, he is an owner of a famous forex trading company in the country. Withdrawals — The firm offers 3 flexible-withdrawal methods that include Domestic Australia , Credit cards and wire transfers. Such a firm enables the Forex traders to have an access to trading platforms so that they can sell or buy foreign currencies. The client should be aware of fees that can be incurred while transacting with some of the international banks.
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Presently, Forex, in this particular market place is the most prominent, especially since it is the largest in the world. The world wide web has only open up a vast amount of opportunities for those that want to jump right in.
However, since that time not all countries have participated in this type of trading. This is about the same time in which their local companies begin offering their trades via offshore brokers though the channel of self-directed traders. Additionally, It was also during this period that there were no regulations that prevented companies or individuals from initiating their own online businesses. Unfortunately, the start-up of these activities were not successful since it lead to hundreds of millions of Rands in investor losses due to fraud.
To make sure these issues did not occur again, the appropriate regulations have been established to prevent greed from destroying legitimate Forex trader opportunities. When South Africa investors enter into the Forex trading market, they are usually familiar with its initial concept and what this type of market entails.
Even though they may not know as much as they want to when they get started, there is one main motivation for joining in with others traders. One of the most important, for most South Africans, is simply making lots of money with as little investment as possible.
Because of the vastness of this market and amount of liquid assets that is traded across the table trillions of dollars in this exchange , these opportunities look very attractive as they are being introduced to this type of investment opportunity. Many reasons are available as to why more and more people in South Africa are engaging or are willing to engage in the forex trading business.
Some of the benefits that come with engaging in this economical include:. While it is true that engaging in forex trading especially in South Africa can be rewarding, the trade also has its downs that the investors come across regularly. Some of them include:. Because of the risks involved, many people do not want to invest more because of the fear that comes with it. The thought of losing a large sum of money at once scares the people of South Africa away.
And it is very possible to lose a lot of your money! Some of these rules include:. In this article, we provide you with a story of one Sandile Shezi and Mike Ndlovu who have had a huge success in the business. Shezi took a step that many people in his age would consider daring. With his university tuition fees, he decided to invest in forex trade. Today, he is an owner of a famous forex trading company in the country. Here, he aims at educating more people into accepting that forex trade can be a good idea to invest in.
It was founded in the year in Australia and has hence grown very fast into a large and reputable forex broking firm. It has met all the strict requirements of the regulatory body including the capital standing.
To fund clients trading account the firm will hold funds in segregated-client trust accounts usually with reputable Australian banks. The funds are strictly not used for any other purpose apart from maintaining any margins needed for covering positions that are opened by customers. The firm strictly ensures that it trades in a true and ethical ECN environment without any dealing desk or illegal price manipulations. IC Markets offers the client a number of convenient platforms to carry out currency trading such as: MetaTrader 4- One of the most popular trading platforms in the world offering the client very unique features.
These include the charting function and innovated order-management tools that enables you to monitor positions better and with speed. It is powerful; user-friendly platform used on online trading with harnessed ECN speed, multi-banking liquidity, and advanced functions. Multi Account Manager — Comes with a combination of flexible-allocation methods that has a real-time performance reporting and commissions.
It has a well designed to use interface. It is built to communicate all allocations settings directly with the firms MetaTrader 4-server Fix API- A platform that is best suited for traders dealing in high volumes. It gives them an integrated-trade environment and an access to deep liquidity.
They are known to be very secure and reliable. The IC markets firms offer you tailor-made accounts that suit your individual needs. The following is a list of some of the accounts. They make the clients become conversant with all trading platforms in an environment that is risk-free. The demo accounts just bear the same features as the real forex trading accounts to make practice look like the real thing.
Commodities Trading Account- Gold and Silver -The firm offers the lucrative gold and silver trading for the exchange with dollars and euros i.
The brokerage firm gives clients 8 funding options that are flexible and in nine different major base currencies. The options will include debit and credit cards, Skrill, eBay, Web Money, bank transfers and deposits.