Which broker support NAS100 and VOLATILITY 75 please help me
Please anyone that knows the broker that support those 2 indices pairs NAS100 and VOLATILITY 75 should kindly help me out
Where are you resident and what is your nationality???
Nigerian is my nationality and that is where i reside
Iâm trying to find out for you.
Found one. Am just waiting to hear from my (main) broker before I post.
Am waiting for it please
Volatility 75 is a rare stock. My broker offers many indices stock including NAS100. Forexchief offers such assets and they have an office in Nigeria.
you need a cfd broker.
go to IG Markets, as far as i know they have offices in nigeria too.
I just asked on their live chat and they said no (IG). But that was IG here of course (although one would THINK that Customer Support would have referred me) (in a perfect world I suppose).
Yeh. Just bear in mind youâre talking about the VIX (which you may or may not know). Best youâre going to get are CFDs or ETFs that mimick the VIX. Otherwise youâre looking at a US broker like TradeStation Securities if you want the real deal.
can be that ig isnt in nigeria. i remember on the tip of my forehead once seeing a list of their countries of operations.
bit it is of minor priority if the broker has a branch in your country. nowadays you can easily wire money via western, credit cards etc to any broker operating in any country or not operating in any country.
money knows no borders, thank god
(except for US citizen, there other rules apply and things arent that easy at all)
IG does offer CFDs on VIX(es) on US, UK and Europe
Turns out youâre in luck.
ETX Capital in the UK (FSC regulated and FSC and FSCS registered). You can get a hold of James Matthewson [[email protected]] (or Customer Service I suppose) for requirements (2 forms of picture ID and 2 forms of address document).
Your other alternative is Deltastock AD in Bulgaria (EU Passported and MiFID regulated). They require a bank statement with physical address (no PO box) from a bank that is a member of the organizations FATF, APG or Moneyval (all three of which I assume will mean more to you than me).
Bear in mind that at BOTH youâre subject to the ESMA leverage restrictions and you need some pretty decent capital to be able to trade what youâre looking at (unless youâre happy to make a few cents per day that is).
Hope that helps.
I tried a few others for you but sorry: not possible (Oanda, DF Markets in the UK, IG) (pity about DF Markets though to be honest i.e. Deltastockâs sister company in the UK).
Thereâs probably dozens of others I suppose (but Iâd not trust them with YOUR money let alone my own).
P.S.
Found one thing interesting. One of those at the bottom of the above, I forget which one, will accept Nigerian Citizens that are NOT RESIDENT in Nigeria. I think it was DF Markets. Anyway. When I asked on your behalf I made sure to make it clear that you are a citizen AND a resident.
I checked out ETX Capital, and is yet another MT4 broker.
Seriously, how are people able to use MT4? It gives me mental block right from the off and I find it impossible to use. Bugs out. Doesnât let you scroll the chart freely, at least not consistently freely. Clunky implementation of just about everythingâŚurghhhâŚno way could I make good trades using this jank.
âŚCan other platforms be used with ETX?
TradingView would be ideal as this is by far the best but they only do feeds to a very limited number of cfd brokers (FXCM being one of them).
Hello.
ETX TraderPro is their primary proprietary platform not MetaTrader. Not a big MetaTrader fan myself. Besides: not all instruments are available in their MetaTrader. Open a demo maybe and see and I am happy to help if needed. But donât expect pretty bells and whistles. The platform is geared toward professional traders and trading and nothing more. Itâs pretty much there to take some pressure off the desk more than anything bearing in mind that their pedigree isnât rooted in small retail i.e. theyâre actually broker/dealers on the LSE (the âreal dealâ if you like). I use their charts and got no issues. But as somebody else mentioned: if youâre that way inclined maybe an external charting platform is the ticket. I must take a look at this TradingView that keeps getting mentioned and see what itâs about.
Using ETX TraderPro with a Demo account. I put a test trade on to see how the platform worksâŚ
I traded a sum of ÂŁ2 or perhaps just â2â, and shorted gold at for arguments sake, $1327. That trade got stopped out at $1333. I took a PnL of ÂŁ168.
Is there something I am not understanding here, cos if all the above adds up as legit, then ETX clearly isnât a broker I want to be trading with.
I sent there customer services an Email, but no reply so far.
Huh???
Not sure I see the problem. Gold is going up. Youâd have to give me exact figures i.e. exactly what price did you go short and exactly where did you place your stop. Iâll lay my life on the line and say that you were not stop hunted if thatâs what youâre worrying about. Need more detail from ya before I can comment for sure.
Oh never mind. I think Iâm seeing what youâre unhappy about i.e. the magnitude of the loss relevant to what you thought you were doing right???
The TICK VALUE for Gold on a lot size of â1â is ÂŁ1 per 0.1 increment. So you were getting ÂŁ2 per 0.01 movement in price.
I know Gold is going up. I own gold and recently told everyone I know to buy some now and hold for the next several years as we are on the brink of breaking out into a major bull market.
I just put on the following FAIL trade on this DEMO account just to see how things workedâŚbetting 2 GBP and getting stopped out some 0.5% in the red, I expected to lose me 10p.
Instead, I got this:
But listen up.
I think we need to take some one hundred steps back here!!! LOL!!! And this has nothing to do with ETX i.e. youâre gonna have the same problem at any broker (all other things being equal). I mean: you need to be trading the correct lot sizes relative to your capital and thatâs just for starters. Just picking a position size at random ainât going to work for you. Then thereâs the question of where to place stops. And the even bigger question of on what basis you take the trade i.e. which direction. And so on and so forth.
I know how to tradeâŚ(almostâŚstill working on setting legit targets where I consistently take 100% of trade), otherwise I have 4 fails out of 14 of these paper trades I am doing in order to get into the swing of this before I put real capital on the line.
âŚthis was a demo FAIL tradeâŚ
I have ZERO deposited on ETX and it will stay that way until I feel I like and trust there platform.
I understood I was selling gold to the value of 2 GBP.
Gold went 0.5% against me, and I lost 69â000% of my original stake.
If I sell 2 GBP of something on FXCM, then I would have lost 10p on this trade.
And you âknowâ this how??? Not saying youâre wrong. Not saying youâre right. But I am curious as to what makes you so sure.
As for the loss:
Yip. Itâs the tick size and tick value that nailed you. Wrong position size to only lose a few pence.
Thatâs my point. Probably at FXCM their lot size is one tenth or even one hundredth of ETXâs lot size of 1.
What Iâm saying is that itâs knowing the instrument and the tick size and the tick value thatâs important and it will differ sometimes between brokers. At ETX trading even the smallest lot size on Gold (0.1 X 2 in your case) would have cost you ÂŁ16.80 (using your figures above),