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Best 10 Forex Trading Platforms with Welcome Bonuses in South Africa

CFD traders have the option of leveraged trading. Leveraged trading can be a powerful tool for CFD traders. It allows them to maximize returns even on small price changes and to increase their exposure to the markets they desire. It is important to remember that leverage can either work in your favor or against you. You can make greater profits when asset prices are in your favor, but you will also be subject to increased losses if they move against you. Leverage allows you to trade with a smaller amount of money, but gives you the opportunity to have a larger market position. This is called'margin'. The level of leverage that a broker can offer depends on which regulatory conditions it adheres to in each jurisdiction it is permitted to offer trading services. Leveraged trading allows traders to only invest a small percentage of their entire position. This will depend on the broker's leverage and the amount of leverage that the trader wants to use. It also depends heavily on the regulatory authorities who are responsible for overseeing the online trading market in their jurisdiction.
AvaTrade Pros
Boosts Capital. Leverage increases the capital available for investment in different markets
With a 100-to-1 leverage, you can control $100,000 of trading capital for as little as $1,000
This allows you to allocate significant amounts to different trade positions within your portfolio
Interest-Free Loan. Your broker may provide you with leverage to help you take a larger market position
This 'loan’ does not have any obligation in the way of interest or commission
You can use it however you like when trading
Magnified Profits. Trades that are in traders' favor can be leveraged to make higher profits
Profits are earned from the trade position managed and not the margin lowered
This means traders can still make substantial profits, even when underlying assets have marginal price movements
Mitigating Against Low Volatility. Market price changes are often accompanied by cycles of low and high volatility
Trading volatile markets is a favorite pastime of traders because it allows them to make money from price movements
Because of the lack of price movement, periods of low volatility can prove to be frustrating for traders
Leveraged trading allows traders to make bigger profits even in low volatility periods
Trading Premium Markets. Trades with leverage allow traders to trade more expensive and prestigious instruments
Many retail investors may be locked out by the high price of some instruments
However, leverage allows these markets and assets to be traded, allowing the average retail investor to take advantage of the many trading opportunities
AvaTrade Cons
Amplified Losses. Trading with leverage carries the greatest risk
Losses, just like profits, are amplified when you trade against the market
Although leverage may not require a large capital outlay, trading results can be significant because they are dependent on the size of your position
Margin call risk. When floating losses exceed your margin, you will get the dreaded broker 'Margin Call'
Leverage amplifies losses so there is always a'margin risk' when you trade in fast-changing financial markets
A Der Spiegel article is making the rounds today, providing much-needed fodder for market discussion. According to Der Spiegel, the paper claims that the ECB is discussing thresholds for interest rates for each country in the eurozone. This is definitely innovative thinking and falls within the category of being outside the norm. The idea is that intervention would be required if yield spreads exceed a certain level. This is similar to FX intervention by Cbanks. Markets realize that the ECB's promise of transparency in its interventions is a guarantee that yield thresholds will not be ruled out.
OANDA Pros
threshold has the advantage that it creates an aEURoeasymmetric bias within the market
credibility can be damaged if thresholds are not aEURoenotaEUR maintained
allowed to float before September in order to see how much traction they can get in the market
currently supporting EUR and making some EUR shorts nervous in FX
OANDA Cons
The ECB would need to be just as firm in the bond markets as the SNB in EUR/CHF
Bunds in FI have fallen, while Spain's sovereign bond yields have risen
In its eleven-year history, we have witnessed two previous Bitcoin Halvings or Halvenings. Both times the impact on Bitcoin's price was felt. A Bitcoin Halving occurs when the rate at which new Bitcoins is created is halved. This happens approximately every 4 years. The next Bitcoin Halving will likely take place in May 2020. The current economic climate is very different from the one that was experienced during the previous Halving events. What does this mean for Bitcoin's future price? A Halving may seem like a bad thing for Bitcoin miners, but it can have many benefits for investors and traders. This article will explore the potential impacts of the May 2020 Halving event. We'll also discuss how to trade it, and ways to reduce your risk. Let's start by understanding what a Halving looks like and what impact it will have on Bitcoin's price in 2020.
Plus500 Pros
The Halvings can have positive consequences for traders and investors
Bitcoin owners typically feel the positive effects of each Halving as the Bitcoin price tends to rise
Their holdings also generally increase in value
As supply falls, halving events are a positive thing for Bitcoin's demand
The Halvings can be seen as a negative event for Bitcoin miners, particularly if they are taken at face value
Volatility can also be caused by a Halving. This can be a positive or negative thing
Plus500 Cons
Analysts have suggested that other altcoins could be affected by the Halving
Many altcoins were hurt during the bull run of Bitcoin in 2019
Due to the doubled mining cost, there is a risk of Bitcoin going bust
Cryptocurrencies have been gaining in popularity. This is a great opportunity to use cryptocurrencies for your trading portfolio, particularly the ever-popular Bitcoin. This brief memo will explain everything you need to know about Bitcoin: what it is, why it is important, and how to approach it. It's a great time to be a cryptocurrency trader. Bitcoin is experiencing a second Renaissance, with prices rising and strong growth. Here are some pros and cons to consider if you've never traded cryptocurrency before.
OctaFX Pros
It doesn't matter if you buy Bitcoin via crypto exchanges or set up crypto wallets
Bitcoin can be traded on all trading platforms, just like any other currency. Usually, you'll find the pair BTCUSD
The asset's liquidity ensures that transactions are always possible. You can make your money by buying Bitcoin and selling it
Experienced crypto traders will not be surprised by high returns. Bitcoin is known for its rapid price rise, which can make its owners wealthy in a very short time
Bitcoin is not infinite. After the 21,000,000th Bitcoin has been mined, its emission ceases. All transactions will now include existing Bitcoins. This makes it comparable to Gold and other finite commodities. This means that Bitcoin's value could skyrocket if there is demand
OctaFX Cons
Bitcoin is not subject to regulation
Bitcoin is not regulated, much like anarchists dream. This makes it less predictable and stable than other assets
Although volatility can yield high returns, it can also mean that the price of your product can fluctuate against you
Bitcoin's greatest risk is its eventual demise. While Bitcoin can provide advantages that no other payment method offers, at the moment, this can only be temporary
There might be a rapid drop in the price of Bitcoin once there is an alternative. The market will eventually become obsolete due to falling demand and liquidity
If you have Bitcoin in your possession, you cannot cancel the transaction after it has been made. This means that if you accidentally transfer funds to a fraudulent source or make a mistake, you will not be able to get them back
HotForex (HF Markets Europe) has an enhanced MetaTrader offering, quality research and a copy trading platform. HFcopy offers a decent selection, over 1,000 CFDs, and 47 forex pairs. HotForex's trading costs are still slightly higher than the industry average. The HF mobile app doesn't yet support trading.
HotForex Pros
FX Blue Labs has developed Premium Trader Tools that enhance the default MetaTrader suite.
HotForex is able to balance in-house market analysis with third-party research content and news.
Special research reports are produced by an in-house team, including quarterly, annual, and monthly outlooks.
HotForex's Traders Board module offers sentiment and correlation data.
HotForex Cons
HotForex's educational content is lacking in quality, despite a good selection of videos.
All account types have trading costs slightly higher than the industry average.
HotForex's copy trading platform HFcopy requires 300 EUR to follow existing strategies (copy). It is less mature than eToro’s offering.
Although the HF app has been improved, trading is not allowed. HotForex traders can only use MetaTrader.
What are the pros and cons of day trading vs scaling? Traders often struggle to decide which trading strategy is best for them during high volatility periods. While it may be difficult to decide which trading style is best for you, there are some advantages to day trading and scalping during times of uncertainty.
Pepperstone Pros
the most popular trading strategy
making huge profits
relatively small price fluctuations
1-5 or 15-minute charts
Pepperstone Cons
wait for support/resistance levels
traders tend to open and close fewer positions per day than scalpers
tend to focus more on longer timeframe trends
15-minute, 1-hour and 4-hour charts
MT5, also known as the MT5 Platform, was launched in 2010 by MetaQuotes software Corp. It is a multi-asset online trading platform that offers enhanced real-time charting capabilities, and a variety of additional functions. MT5 also uses a different programming language than MT4: MQL5. MT5's platform allows you to adopt hedging strategies. This allows for the synchronised opening and closing of multiple positions, primarily in order to reduce risk. This function is used frequently by Forex traders.
FP Markets Pros
MT5 offers a wide range of powerful analytical tools, including 38 technical indicators that allow simultaneous display of up 100 stock quotes charts and currencies
MT 5 integrates tools to perform full fundamental analysis including an economic calendar
Market Depth, or Depth of Market [DOM], is another advantage to MT5, which displays active Bids/Offers in the market
MT5 users have access to many more tools than MT4
Programmers can also get many free tools
You can make your own tools if you have programming experience
MT5 supports netting and hedging options
There are four order execution operations available: Instant' Request', Market', and Exchange' execution
The platform supports various trade orders, including 'Market' (pending), 'Stop Orders’ and 'Trailing Stop Orders’
Algorithmic trading (copy trading), is one of the best features of your MT5
MT5 offers a fully integrated development environment, which allows traders to quickly build and refine their trading strategies using robots
The powerful MQL5 programming language allows traders to evaluate quotes and execute trades according to the underlying algorithm
You can also choose from pre-configured trading software if you're not a programmer
Mobile trading with MT5 allows traders to trade Forex, stocks and futures from anywhere and at any time
You can now carry the MT5 trading platform's vast capabilities in your pocket
MT5 Mobile offers many trading options and facilities, including netting and hedging
The app provides professional technical analysis via a set of built-in indicators and analytical items
MT5 Mobile allows you to quickly review your transactions, purchase and sell currencies, and swap assets in one click
FP Markets Cons
For traders who have limited trading experience, some of these advanced tools can be daunting
These languages do not have backward compatibility
This means that programs written for MT4 won't work on MT5
Investors may find this a problem
MT5 can be used to trade a wider range of financial instruments including Forex, CFDs, contract for differences, futures, and cryptos
It offers a greater range of features, which may not be applicable to all traders
MT4 remains the preferred choice of brokerage firms offering Forex and CFD trading
CDFs can be described as "contracts of Difference." You don't have the underlying assets, such as shares or commodities, when you trade CFDs. CFDs require large capital to trade. CFDs can be traded, but you are only speculating about their price movements. Start small and leverage the power of leverage.
ForexTime Pros
Rapid registration and verification of accounts
Lower/tight spreads
Based on your knowledge and experience, flexible leverage may increase
Orders executed quickly
Suitable for people who do not pay or accept interest
FXTM offers flexible leverage, which will give you the competitive edge that you want
Our flexible leverage gives you the competitive edge that you need
ForexTime Cons

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As mentioned above, scalping is a game that requires winning. Scalping is different from other trading styles that can have a win/loss ratio less than 50% but still make money after a series trades. Because of the smaller profits on winning trades, it requires consistency winning. A day trader may be wrong 40% of the time but the win is at least 2 to 1. This is called risk/reward, and it is an important aspect of trading. Scalping is a risky business. Traders generally make less than they risk when scalping. A $100 trade with a $200 position risk would net a $100 profit. These wins are far more important than losses due to a high win percentage. Scalping may not be the right trading style for you if you don't like this high winning requirement. Like all trading methods, money management rules must be followed. This is regardless of your trading method or style, and you will fail.
IC Markets Pros
Lower risk exposure
There is less time in the market, which reduces the chance of major market events
Scalpers seek smaller moves than swing trading which aims to capture bigger market movements
A scalper can make small profits even in quiet markets
A trading account can be quickly compounded by scalers
This category allows traders to focus on technical analysis but should also be aware of any macroeconomic events that are scheduled for release
IC Markets Cons
This is not the right choice for people who have full-time commitments
You are forced to trade liquid currency pairs with tight spreads
Scalpers will find the EUR/USD, GBP/USD, and AUD/USD to be ideal choices because they have high trade volumes and low spreads
Scalping takes a lot of concentration
For traders, this can sometimes prove difficult to maintain over extended periods
Trade precision - limited room for error
For traders who miss larger moves in the market, small gains can be very debilitating, even though they are profitable
These commissions can be very costly
It is important to choose currency pairs that have tight spreads
Forex trading appears to be a difficult task. You may not need to trade on foreign exchange markets to make a profit. Since long, copy trading has been available on the market. This is a way to automatically copy successful traders' transactions into an account. Simply connect to the service and select an account you wish to copy to make profit. Copy trading refers to an automated trading system where transactions are copied from one account into another. How is this possible? You can copy transactions from special platforms. Once you have registered on such a platform, you can choose a provider of signals to subscribe to his trading signals. Once the trader has completed his transactions, they are automatically replicated in you trading account.
Justforex Pros
Earnings without any knowledge
Transactions can bring you profit, regardless of your skill level
Trades are performed by professional traders
Trading style. You can choose the signals provider that suits your trading style
Enjoy more time. It is not necessary to spend much time watching the market
You can choose as many signal providers as you like
This allows you to diversify your risks
This helps to minimize losses and ensures that you don't lose all your money at once
You can hedge a losing deal with another one that is profitable
The profit is smaller but the risk of losing all the money goes down
Justforex Cons
High risk
Forex can be ambiguous and unpredictable
Even though the trades are profitable, signals providers can make mistakes and turn minus
Copy trading is risky
Professional degradation
Copying someone else's deal can cause you to lose your unique flair
You don't pay attention to the market, you don't learn from your mistakes, and you avoid technical and fundamental analysis
As the muscles are not exercised, the brain can relax without new knowledges
Always turn on the trading platform/terminal

Brokers may ask you to trade a certain amount before you withdraw your bonus. Or, they might require that you keep a certain amount in your account for a specified period of time before trading. Forex bonuses have certain terms and conditions.

A few terms are necessary to understand the forex trading process in live trading environments. These terms are:

The most popular bonus is the deposit bonus. The broker will match your deposit up to a percentage, as well as a welcome bonus.

Forex brokers offer traders a 100% match bonus on deposits. A forex broker might allow clients to receive a maximum bonus up to PS1,000 for a deposit they make. After the client makes the deposit, the broker will credit their account with another PS1,000. Even though they have credited their account with PS1,000, the starting balance is now PS2,000.

No deposit Forex bonus gives traders a bonus without having to deposit. These bonuses are very popular as traders can receive a bonus without having to deposit any money. The no deposit bonus is smaller than a deposit bonus and credited with smaller amounts.

Forex brokers offer traders a PS20 bonus without deposit. After traders have opened an account and verified their identity, the forex broker will fund their account with the PS20 bonus. The bonus funds are immediately credited to trader’s accounts.

Terms & Conditions for the Bonus:

Forex trading is easy, even though it sounds simple. However, it can be difficult to cash out the profits. It is important to understand the terms and conditions of brokers.

Minimum Trade Value to Withdraw:

It is complicated to withdraw the bonus. One example is that a deposit of PS500 will result in a PS250 bonus. This amounts to PS750. The forex broker cannot allow traders to withdraw the entire amount directly. This would be detrimental to the platform. The platform sets limits and encourages traders to use bonus funds to trade. These bonus funds can be frozen until they are satisfied. A portion of the bonus funds is usually made available for payouts when the trade requirements are met. The broker may give PS1 as a bonus for every PS10,000 that is traded.

This is for people who are:

Traders who trade regularly place many trades each day.

Play through trades as many times as you can.

People who have large trade volumes.

Time Limit:

The time limitations that bonuses have are also important to traders. This strategy is used by platforms to make cash withdrawals of bonuses difficult. Brokers will often set a time limit. For example, 30 days to trade bonus funds before withdrawing them.

Eligible Couples:

Sometimes, certain currency pairs may be restricted by the forex bonus without deposit. To ensure that the forex trading pair is allowed, read the terms and conditions.