Social trading brokers - Why and what benefits are there? - Page 2
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Thread: Social trading brokers - Why and what benefits are there?

  1. #11
    Quote Originally Posted by ;
    quote I'm using swipestox cellular copy trading program, 100$ no deposit bonus is a nice surprise I have not heard concerning the volume requirements nevertheless. CySEC controlled with max leverage in 1:100. Looking at this program I presume that its copy trading signals' future, really. Very nice interface, plain and efficient system for traders.
    What can you do with 100$ no deposit bonus? My ordinary stop reduction is 100 pips.

  2. #12
    Quote Originally Posted by ;
    quote What can you do using 100$ no deposit bonus? My average stop loss is 100 pips.
    Their enabled leverage is 1:100 maximum, I utilize 1:50, their 100 bucks is enough to get a smooth safe trading so you are able to check the platform completely and safely without wiping your deposit at 2-3 awful transactions. I find them very fair in bonus states I used to trade using 30$ no deposit bonus from Tickmill with 5 lots, here you have 20 lots to complete for 100$

  3. #13
    Quote Originally Posted by ;
    quote What can you do using 100$ no deposit bonus? My stop reduction that is ordinary is 100 pips.
    I think nobody offer you free money so do brokers. They employ harder TC to get them withdrawable but nothing is hopeless.
    However, only goal of a retail trader should be testing the platform and trading environment (for instance, spread at regular time, execution speed, spread during news and weekend) with these kinda bonus. My stop losses are wider 150-200 pips, I do not think it depends on your equilibrium but trading method.

  4. #14
    Quote Originally Posted by ;
    quote I believe nobody give you free cash so do brokers. They employ harder TC to get them withdrawable but nothing is hopeless. Howeverthe sole goal of a retail trader ought to be analyzing the platform and trading environment (such as spread at regular time, execution speed, disperse during news and weekend) with those kinda bonus. My stop losses are even pips, I dont think it is dependent upon your balance but trading method.
    Morning,

    From what I understand, Cysec and also the Fca created new regulations regarding bonuses. They are forbidding them of any kind.

  5. #15
    Quote Originally Posted by ;
    quote Morning, From what I know, Cysec and also the Fca made new regulations regarding bonuses. They're forbidding them .
    I think that's still a proposition and they are forcing the brokers to prevent all kinds bonus. They proposed to cap the leverage 1:25 for newbie (6-12 months of experience), remaining 1:50 . In case of my broker Hanseatic they acknowledged the harm of leverage so now offer you no longer than 1:100 and its a fantastic move since brokers may rout to other offshores to keep offering high risk game for those newbies. I've seen brokers with 1:2000 loony leverage!

    But I believe new proposition could impact retails traders using smaller finance. 1:100 would be preferable as well as they can ban bonuses on deposit. But a smaller finance to inspect the live trading environment ought to be helpful to look at the rate, spared and exchange rates. They shouldn't ban that.
    Here is more information http://www.financemagnates.com/forex...-leverage-cap/

  6. #16
    Quote Originally Posted by ;
    quote I feel that is still a proposal and they're forcing the brokers to avoid all types bonus. They proposed to cap the leverage 1:25 for newbie (6-12 months of experience), rest to the 1:50 . In case of my broker Hanseatic they acknowledged the harm of leverage so now offer you no more than 1:100 and its a great move since brokers may rout to other offshores to keep offering high risk game for the newbies. I've seen brokers with 1:2000 loony leverage! However, I think new proposal would affect retails traders with smaller...
    Morning Bd,

    Thank you for the info, it was a good read.

  7. #17
    Quote Originally Posted by ;
    quote I believe that is still a proposal and they're forcing the brokers to prevent all kinds bonus. They suggested to cap the leverage 1:25 for newbie (6-12 months of experience), remaining 1:50 . In case of my broker Hanseatic they confessed the injury of large leverage so today offer no longer than 1:100 and its a great move since other brokers will possibly rout to offshores to maintain offering high risk game for the newbies. I have observed brokers with 1:2000 loony leverage! However, I believe new proposal would impact retails traders with smaller...
    Yeah high leverage isn't suitable for everybody (I would say for majority of traders). I believe regulators need to make a sort of a test for traders so they can provide their proficiency in trading using leverage. They have to take account of the needs of traders since we need to get a right for personal choice

  8. #18
    Quote Originally Posted by ;
    quote Yeah high leverage isn't suitable for everybody (I would say for majority of traders). I think regulators will need to create a kind of a test for traders so they can offer their proficiency in trading with leverage. They must take account of the requirements of all traders as we must have a right for personal decision
    The same as leverage is simply great for people who can manage it. I love the egy of hanseatic as they step forward to cap the leverage in a sensible figure.
    Professional traders do not utilize much leverage because they have larger fund but because of its retail traders that has smaller fund like $500-$1000 really need 1:100 to able to trade. I concur leverage ought to be personal choice as opposed to forced by regulators. Regulators should focus on finding bad brokers.

  9. #19
    Hello,

    The brokers will need to provide leverage in line with this trader's expertise. If I'm not mistaking this could be seen from the questionnaire you fill in if you start a account. The broker I'm trading with made me redo mine this January when the regulation were put in use.

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