Forex trading gold - ACM Gold & Forex Trading Review - Is This Forex Broker Dodgy?
It lends itself well to both demo and live accounts.
A mobile platform that gives ease of use, while retaining the impressive features of the MT4 platform on a mobile device both Android and iOS. You can trade the following instruments on the platform — metals, futures, Forex trading gold, gold and silver.
It also gives you other features such as:. Accounts supported The account variety on the site is very small, with the option of only one account.
Goldfinger binary options have the choice tradinng trade with variable and fixed spreads, as well as a leverage of 1: Deposit and withdrawal options The deposit amount that you forex trading gold to open an account with the platform is R, or an equivalent amount in your currency.
However, the amount balance that the trader holds determines the markets they gold forex trading enter. The broker accepts both credit and debit cards, as well as EFT payments.
All these payments occur through the Gold Lounge secure payments portal. The approximate processing forex trading gold for deposit transactions tradinng about 24 hours, while withdrawals can take between 24 and 48 hours.
Commission, leverage and spreads Commissions and spreads. The broker offers you trading on a commission-free basis, which may be good.
However, both the variable and trading gold forex spreads are above the average in the industry and makes them unprofitable. Top forex trading indicators usual variable spreads on the MT4 platform are 2.
The difference with other brokers is not much, as ACM Gold offers leverages of forex trading gold However, many others offer leverages equal or exceeding this limit.
Note that forex trading gold higher the leverage spread you are dealing with, the higher the risk is. Bonuses, features For new sign ups on trading gold forex site, there is the Deposit Free Bonus.
The trade is valid for seven days, and in this period, you can withdraw as much profit as you get from the lots you trade within the month.
Customer support The company takes pride in helping clients as much as possible. You can reach the company through phone call, email and their official website.
Email — support acmgold. In addition, you can write to their offices in South Africa.
Pros The company is under regulation. Cons The spreads are too high and can interfere with profitability.
However, there are aspects that are not good with the broker, mainly to do with the very high leverage spreads, as well as the underlying suspicion that the site behaves like a market maker. According to Jaba Investmentsforex traders forex trading gold calculated risks by relying on statistical probabilities to determine trades".
All emphatically share the forex trading gold that it is far from easy and definitely not a get-rich-quick scheme. Rossouw had her accounts completely wiped out when she started trading and it took her years before she made any real money out of forex trading.
ACM Gold 's David Rosenthal says people who forex trading gold made money quickly normally end up losing it the same way. Trade money as you would any other investment. Johannesburg-based forex trader, Tshepo Brand, warns potential investors not to fall for brokers tradiing guarantee returns.
A full-time forex trader himself, he tells HuffPost SA: It is trickier and more complicated forex trading gold people think, but people underestimate its difficulty.
You will lose money -- guaranteed Maria Bongwe lost R1,6 million.
The year-old from Polokwane, who had been trading for just a couple of weeks, made tradiny R, initial investment that quickly grew to R1,6 forex trading gold. She then lost it all.
Bongwe recalls how main saham forex she was at forex trading gold loss: Johannesburg-based forex trader, Siphiwe Magudulela, paid R35, to attend a trading seminar and has been trading full-time since. He says he made his first million in Septemberbut lost it all in February of Percy Ngwenya, from the North West, blames losses he has made as a forex trader trading gold forex greed.
Ngwenya, who labels forex trading gold as a "very dangerous investment" tells HuffPost SA he miscalculated how the market would perform during Brexit. He has lost R25, in one day in one trade.
Trying another form of trading, he lost R60, in one go.
Another forex trading gold trader, Thanda Zulu, who is based in Durban, has also been doing it full-time for almost five years. She paid R10, to attend a seminar about trading and was immediately hooked.
Unemployed at the time, she saw it as vorex great opportunity to earn some income.
A view she still strongly holds. She admits, however, it hasn't been an easy journey.
I had to teach myself and be hungry for it. She does not believe she has fully reaped the benefits forex trading can afford her.
The scammers Jaba Investments says the market is full of them. Fake trainers, fake brokers, fake glod or trading companies; all they care forex trading gold is getting their hands on people's money.$3,700 PROFIT Today Live Trading Gold - Real Forex Account
Next thing, their offices are closed and they can't be reached on the phone or traced on social media. Trading gold forex are people who may be looking to make a quick buck, while others are forex trading gold fed up with being unemployed and hope forex trading will provide them with much needed income.
A reader who wrote to City Press had invested a lot of money with a forex trading company that later disappeared.
Description:Apr 16, - Among the many South African brokers in the forex trading industry, ACM Gold is among them. It is steadily rising in popularity thanks to its.