jdva, usually bank only have 1 swift code for the whole country. NAB is a bank based is melbourne. There won't be another swift code for different city/state. Once you have the swift code and bank acct number(in Aus, it is the bsb(bank state branch) ...

IC Markets

MT4 does not have any limit. The limit of 200 open trades are imposed by broker to ensure that their server can handle the load. Popular broker like ICMarket has a limit. Choose less popular broker and they won't have a limit. I know of several ...

Do brokers set a max open trades limit?

Those traders that lost money when Alpari went bust in the UK? Did everyone has to go to London to file the claim? Alpari has thousands of clients. Most got their money back from the compensation fund. Btw Just renewed by NZ passport while in ...

EU is lowering leverage. What now?

You are the one who don't understand. You don't need to go Australia. Most of Australian/New Zealand services now do not require physical appearance. You just need to submit documentary evidence. I even apply for a new passport (the very first ...

EU is lowering leverage. What now?

Australian brokers who setup offices in UK in the last few years probably regretting it now. It is not cheap setting up another office in UK with the strong GBP vs AUD. Axitrader, Pepperstone , thinkmarkets and recently VantageFx. They will be ...

Breaking: ESMA finalizes new rules to govern leveraged trading

First of all, MIFID rules have been around for a while. If you are overseas and a UK broker allows you to open your account without showing your passport or national ID card, then avoid the broker at all cost (regardless of which jurisdiction they ...

Is Darwinex still a trustable broker?

What happen to the money if Darwinex doesnt allow the withdraw? FCA did not asked for this 'audit'. Darwinex just hold on to the money? I worked for a financial institution , with millions being received/sent daily worlwide. Since 9/111, the main ...

Is Darwinex still a trustable broker?

I would agree with Mevo. Aluok is not a new customer, with the exception with proving that the destination account belongs to the recipient, there should be not other documents required. If trader is from one of the banned countries, it should not ...

Is Darwinex still a trustable broker?

There is an error message: Uninit error 8 2018.05.22 05:58:26.310 STG_RenkoChart EURUSD,H1: Reason for shutdown The OnInit() handler has returned a nonzero value indicating failure any idea tdgrela1?

Offline Renko Chart Generator for MT4

Mevo, You need to understand how a Trust account works. It is not a normal bank account. A Trust account require a Trustee - someone not related to the broker. The withdrawal from this account is for client or to company only. i.e. you cannot ...

Broker handling client money?

Things have changed starting last month (April) for ASIC brokers. They need to reconcile the trading account with the client trust account on a weekly basis. That means you add up to balances of all MT4 accounts and must match with what the broker ...

Broker handling client money?

UK brokers get their orders from FCA not ESma. cyprus brokers like tickmill get theirs from Cysec. Unless FCA or Cysec gives instruction, there is no change as far as the brokers are concerned. FCA & Cysec won't have given the instruction the day ...

Breaking: ESMA finalizes new rules to govern leveraged trading

Brokers do not report to ESMA, they only report to each country's regulator. Esma info will be digested by each country's regulator, who will then send this info the brokers in their jurisdiction. The brokers after some protests, will then send info ...

Breaking: ESMA finalizes new rules to govern leveraged trading

I tend to agree with Drolph. CFD is a term used for all tradings where you don't own the underlying assets. ESMA or FCA will not specifically mentioned Forex or Oil or DAX30 etc which you can trade in MT4.

Breaking: ESMA finalizes new rules to govern leveraged trading

Dbrown, Most traders start with $100 and looking to make $1 million in a few months. So they place 30% of their capital per trade, so instead of capturing 100 pips, 5 pips is easier. If they lose the $100 capital, it will take a few months to ...

Has anyone become wealthy from forex?

vivitrader, you are correct, AUD account currency is cheaper than USD !

IC Markets

ASIC regulation covers all customers of the regulated companies. There is no restriction on where the customer is from. But complaints must be lodged with Financial ombudsman first. ASIC protection is not from compensation like the FCA but by ...

IC Markets

If the EA is "illegal" in IC Market, then it would be illegal with other brokers. Just read a broker's T&C. The question is how advanced is the broker detection method in determining your EA is illegal. I have used Aussie brokers like IC Markets, ...

WTF - any safe Australia broker