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The death of IC Markets

  • #121
  • Jul 17, 2019 9:59pm Jul 17, 2019 9:59pm
Quoting thegrimreape
{quote} Trading, in general, requires a sufficient amount of equity, to begin with. It's a business. Question: Do you commence a business with only $100 or 50 or anything below that? Answer: Of course not. With low capital, you'll not be able to meet ends meet. Do the maths and in the long-term, you might be doing so much better with a job instead. Nonetheless, those with low capital will not survive and are listed as degenerate gamblers by the brokers and regulators. I just couldn't see why on earth would anyone in the right mind wants to start...
Simple answer: Am not leveraged
Market Makers Tax Guy...
  • #122
  • Jul 19, 2019 1:37am Jul 19, 2019 1:37am
Quoting angus
{quote} Do you? https://www.ampfutures.com/ {image}
I created a riddle so you could better understand or grip the concept of a business model. Unfortunately, you failed. Let me elaborate it further. How much "Can you trade off from it"? Can you live a comfortable/decent life with such an undercapitalized account? No offense, but take it with a grain of salt.

Even so, your undercapitalized account would be margin call where traders have busted their trading account within 6 months time. Odds are definitely not in your favor either. Unless you're a degenerate gambler. Back to phase 1. Do your basic maths and see how much do you need to survive. Oh, not to mention you have to win (Profit) to be able to pull a steady income off from it. Go get a job.
  • #123
  • Dec 10, 2019 11:25am Dec 10, 2019 11:25am
So no one had to move in the end.
Pip Goes The Weasel
  • #124
  • Last Post: Edited 12:23am Aug 28, 2020 12:08am | Edited 12:23am
Quoting followthroug
Which countries do you guys trade from, i was with ICMarkets until they stopped accepting clients from Canada, im thinking they won't change conditions because most traders worry about overseas regulations "that are not ASIC, FCA, IIROC or any other well known regulations" This tells me they won't do much bad with clients money Correct me if im wrong ..
As Australian brokers are no longer accepting foreign clients, you can go with broker Tradeview markets which provides both Metatrader 4, Metatrader 5 and ctrader platforms. Another good broker is Xenia xenia.ky/ which provides only ctrader platform. Both of these good brokers are located in Cayman Islands who accept Canadian clients. They are both strictly regulated by the Cayman Island monetary Authority which is similar to FCA UK, NFA US, ASIC Australia.
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