In this Veracity Markets review, we will discuss the positives and negatives of this online broker. It offers traders high leverage accounts with 24-hour customer support, and withdrawals to popular electronic wallets. Deposits are held in segregated accounts with major banks. Trading with high leverage may result in devastating losses, but it can also result in skyrocketing profits. Therefore, traders must consider their risk-to-reward ratio and determine their level of experience.
If you’re looking for an online trading platform that’s suitable for African traders, Veracity is an excellent choice. The broker also accepts global clients. It has received positive reviews from users and offers unlimited access to a demo account. The broker offers a wide variety of currencies and markets, and its demo account allows you to get a feel for trading before you make a decision.
Veracity Markets uses MetaTrader 4 as its trading platform. This software is free and open-source, so it can be used on most computers and mobile devices. The platform supports a number of trading options, including the Buy Stop, Sell Stop, and Limit. The user interface is easy to navigate, and the MT4 app is available for desktop and mobile devices. Veracity Markets offers traders access to over 250 trading instruments. It offers three types of live trading accounts, including a demo account for beginners. The company offers customer support in several languages, so customers can communicate in their native tongue. Although Veracity Markets has a lot of potential, it may not be the best option for beginners. Traders should be aware of the risk involved in online trading, which is why it’s important to find an experienced broker with good customer support according to veracity markets review.
Another popular broker in Canada is Questrade. It has been operating for more than 20 years. It is regulated by the Investment Industry Regulatory Organization of Canada and is a member of the Canadian Investor Protection Fund. It has an excellent reputation and offers over 76 currency pairs to trade with. Questrade offers both a mobile app and a web platform for trading. The website and mobile app allow users to open and manage their accounts.
Members are expected to follow its rules and regulations. These regulations are similar to those of many other global regulators. You can check the IIROC website to see if a forex broker is a member. You can also check with the forex brokers for canada to see if the broker is insured. The Canadian Protection Fund protects Canadian traders against financial loss due to a forex broker’s insolvency. Canadian broker offers a capital scaling plan to help traders scale up to a larger account size without the risks of undercapitalization. As long as traders meet a minimum profit threshold each month, they can request a new capital increase up to 25 percent of the initial balance. This capital scaling plan allows private traders to trade in large amounts, but still have the security of knowing that their funds are safe and will be fully refunded if they experience losses.
Traders can select from three different account types to suit their experience and trading style. There is a normal, swing, and aggressive account. Each account has a different maximum capital allocation, so it’s important to consider the strategies and risk levels you’re comfortable with. Aggressive accounts have a higher risk level, but allow larger losses and higher profit targets. Traders can have multiple accounts with FTMO, and each account can hold up to $200k of initial capital.