forex online

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• Millions withheld from Australian online traders as broker has licence stripped and accounts frozen - ABC News
• How to Trade Forex in Thailand: A Guide for 2019 • Benzinga - Benzinga
• How you can Become a Digital Nomad by Trading Forex? - Times Square Chronicles
• Best MetaTrader 4 Mac Platforms & Brokers for 2019 • Benzinga - Benzinga

Millions withheld from Australian online traders as broker has licence stripped and accounts frozen - ABC News Posted: 19 Mar 2019 11:40 AM PDT Updated March 20, 2019 13:56:09 A muscle-flaunting Melburnian who boasts about his sports car collection and playing poker with underworld figure Mick Gatto is at the centre of a company holding millions of dollars in clients' money that can not be accessed. Key points: Australians are trading millions in the risky world of forex trading The accounts of forex trading broker Berndale Capital Securities and their former director Stavro D'Amore have been frozen by authorities Berndale clients are chasing hundreds of thousands from the company and Mr D'Amore, who are appealing against ASIC's decision Stavro D'Amore is the former director and chief executive of Melbourne-based Berndale Capital Securities, a company whose activities have caused such alarm that ASIC has intervened to freeze their accounts. Prior to having its licence stripped late last year, Berndale operated as a broker operating in the opaque world of online foreign exchange — or forex — trading. Several clients of Berndale have told the ABC that three months after the corporate regulator froze the company's accounts, they still haven't been able to get their money back. One Berndale client the ABC spoke to had $250,000 in an account with the broker. Mr D'Amore initially agreed to an on-camera interview with the ABC, before later saying he was unavailable. He is appealing against ASIC's decision and said all clients' money is safe, but can not be refunded because of the account freeze. What is forex trading? Forex trading is a highly complex and risky form of investment, which experts say is actually more akin to gambling. Photo: Forex is a highly volatile form of trading. (ABC News) It involves pitting one currency against the other in a series of micro-trades. If the exchange rate goes up in favour of the currency you have backed, you make a profit. The constantly fluctuating nature of foreign exchange rates makes it a highly volatile form of trading. Forex's booming popularity has led to governments around the world cracking down and, in some cases, banning forex trading altogether. While allowed in Australia, ASIC warns forex trading "requires a huge amount of knowledge, research and monitoring," because currency markets are highly unpredictable and can be affected by so many factors. Monash University professor Mark Crosby said the confusing nature of forex brings with it extreme levels of risk. "I spent my whole career studying exchange rates and there's no way I'd trade foreign exchange," professor Crosby said. "The idea that you can trade foreign exchange and make money, I think is very foolish." Warnings about forex seem to have failed to deter investors. YouTube videos containing tips and tutorials around the trading platform continue to amass hundreds of thousands of views and comments. Who is Stavro D'Amore? Photo: Underworld identity Mick Gatto and Stavro D'Amore at a poker night. (Supplied) In November, ASIC cancelled Berndale's licence and banned Stavro D'Amore from providing financial services for six years. Despite his years of trading and brokerage experience, Mr D'Amore was described by ASIC as being not adequately trained or competent to provide financial services. Online, he maintains a colourful social media presence. Mr D'Amore's social media pages feature pictures of high-end sports cars and variations of the hashtag #Myhatersaremymotivators, alongside several complaints over the value of the Portuguese chicken chain Nandos. One post includes a selfie with underworld identity Mick Gatto at a poker night, while another sees Mr D'Amore thanking Gatto for "great seats" at a boxing event. At the time of the banning, ASIC said it would allow Mr D'Amore's Berndale company to continue trading for another three weeks so clients' accounts could be finalised. The Berndale bank accounts were finally frozen on December 5, amid fears for the millions of dollars of clients' money it was holding. That is an amount separate to any losses clients may have incurred during forex trades. Photo: Mr D'Amore has posted several photos of high-end sports cars, with the suggestion that he owns them. (Supplied) The ABC has discovered at least some Berndale clients were not told by the company or by ASIC about the stripping of the licence and Berndale did not hand back their money. In a phone conversation, Mr D'Amore claimed Berndale had been stripped of its licence simply because it was late in supplying audited financial statements to ASIC and that all clients' money was held safely in the Berndale bank accounts that have been frozen. In cancelling the licence, however, ASIC also stated that Berndale failed to take reasonable steps to ensure its representatives complied with financial services laws; failed to have adequate financial and human resources; failed to maintain an appropriate internal dispute resolution system; and failed to provide financial services efficiently, honestly and fairly. Mr D'Amore also said that the company sent out an email to all clients after its licence was stripped, asking them for their bank account details so their money could be returned to them. None of the eight Berndale clients the ABC spoke to received any communication from the company during that period. Mr D'Amore recently updated his profession on LinkedIn and is now listed as working in "public sanitation and mediation." Berndale clients lose big Blue Mountains resident Patrick Dunn, 35, invested $85,000 with Berndale through his self-managed super fund — lured, he said, by the promise of high returns. He was also encouraged by the fact the company was Australian-based and licensed by ASIC. Photo: Patrick Dunn lost $85,000 with Berndale. (ABC News) "I didn't just put in 85 grand just like that, there were times along the way where trust was built," Mr Dunn said. "I always thought at the end of the day they've got that licence there, they've got an address there, they've got a phone number, I'm able to get in contact with them." From the start, according to Mr Dunn, Berndale was difficult to deal with. "What I found was when I'd ring up and get to the point of getting a bit angry, I'd say 'you know what, I'm going to have to involve the Ombudsman' — then I'd get a call from Stavro. "I probably spoke to Stavro on three occasions, and [he'd say] 'we're going to do something special for you, I'm going to do something good for you.' "When I'd try to get back in contact with him I couldn't get in contact with him." Mr Dunn said nobody from Berndale or ASIC contacted him and other investors to tell them the company had been stripped of its licence and one of its directors had been banned. "I feel extremely angry, like most people would. It's just extremely disappointing to see someone that is regulated and supposed to be upholding that law. "I mean, ASIC offered that licence to them," Mr Dunn said. "I did not have a very good Christmas, I can tell you that." Photo: Melbourne accountant John Schofield lost tens of thousands through forex trading. (ABC News: Jeremy Story Carter) Over the course of last year, Melbourne accountant John Schofield invested $125,000 of superannuation and other savings with Berndale. By the time the broker was stripped of its licence, most of it was gone. "It's fine to to strip them of their license, but my understanding is that [probably] they were actually breaching their requirements for a long time prior to that." Calls to tighten forex trading laws Monash University's Mark Crosby believes that the laws around forex trading should be dramatically tightened to protect small investors. Photo: Mr D'Amore was director of Berndale Capital Securities when its licence was stripped. (Supplied) "The economics and finance research over the last 20 or 30 years have suggested that knowing whether the exchange rate is going to go up or down is virtually impossible," professor Crosby said. Investors essentially speculate on whether a currency is going to rise or fall in comparison to another currency — this is called a "pair". Brokers such as Berndale link the investor with another party who takes the opposite side of the contract. There are nearly 70 forex brokers holding Australian Financial Services licences, which are issued by ASIC. The "over the counter derivatives" sector — of which forex trading is a part — has 450,000 investors in Australia and holds $2 billion in clients' funds. As other countries have tightened their rules on this type of investment — including banning it outright — clients have flowed to Australian operators. In a statement, ASIC said that forex trading — along with similar types of investment — is being aggressively marketed to retail investors and that it is high-risk and speculative. "This is a key focus for ASIC. We continue to take court and licensing action [against] a number of licensees in this sector," it said. "ASIC stringently reviews any new Australian financial services licence application. Since 2017, only three new entrants have been granted an AFS licence within this sector. "ASIC is closely following developments in overseas jurisdictions that have introduced permanent bans or restrictions on these derivatives." The ABC has spoken exclusively to former clients who are chasing hundreds of thousands of dollars from the company. See more on this story on 7.30 tonight. Topics: business-economics-and-finance, stockmarket, melbourne-3000 First posted March 20, 2019 05:40:06

How to Trade Forex in Thailand: A Guide for 2019 • Benzinga - Benzinga Posted: 18 Mar 2019 11:03 PM PDT Featured Broker: FOREX.com With FOREX.com, you will get competitive pricing, award-winning customer service, actionable data, and powerful trading platforms to help you make the best possible trades. Thailand's growing economy and expanding business community makes this country ideal if you want to trade in the forex market. This is the reason many international forex brokerages have already established a presence in Thailand and offer websites and trading platforms translated into Thai. If you plan to trade forex from Thailand, be aware of several elements that differentiate Thailand from other developing countries where forex trading takes place. The Thai financial system continues in its early stages of development and currently has oversight from the Bank of Thailand (BOT) and the Thai Securities and Exchange Commission. Overview: Trading Forex in Thailand Trading forex from Thailand has some restrictions that are not shared by other countries. The most important element to take into account is that speculation in Thailand's national currency, the Thai baht ‎฿ (THB) is strictly forbidden by law. Despite this fact, trading forex has become extremely popular in Thailand. To avoid any legal issues with trading forex in Thailand, many online forex traders in Thailand use a virtual private network (VPN) or virtual private server (VPS) account to access their online forex broker. The developing Thai financial system took a major step in 2017 when the BOT began reforming its foreign exchange regulations. In its press release dated June 5, 2017, the central bank stated its aims, "to allow the private sector to conduct foreign exchange transactions and foreign exchange hedging based on their own internal risk management and control policies within the framework set by the BOT." The BOT currently issues only one type of foreign exchange license: the Authorized Juristic Person license. According to the BOT, that license is for "commercial banks and juristic persons established by specific law and authorized to transact business relating to foreign means of payment." Other than that licensing process, no additional oversight for forex brokers currently exists under the Thai authorities. How to Start Trading Forex in Thailand Before you begin your forex adventure in Thailand or anywhere else, you should be aware that trading in the forex market generally has no bearing on your physical location as long as you take into consideration the restrictions mentioned above. To begin trading forex, you should first have an idea of the currency pairs you plan to trade. Forex trading differs considerably from trading in commodities, futures, the stock market or any other capital market. Although technical analysis methods remain virtually constant, the forex market also has its own dynamics, fundamentals and underlying principles that have little in common with other financial markets. Therefore, the first thing you need to trade forex is knowledge. Once you have done your research, read up on how to trade currencies and feel comfortable getting your feet wet. Look for a broker that fulfills your particular needs as a trader. Step 1: Consider Your Needs Many international brokerages have a presence in Thailand, and some brokers have translated their websites and trading platforms into the Thai language to accommodate Thai forex traders. Even those who maintain their websites primarily in English may also accept traders from Thailand. Remember, not all forex brokerages are created equal, so carefully consider your needs before opening an account. Your requirements will depend largely on the level of experience you have in forex trading. For example, if you have years of experience using the MetaTrader 4 or 5 platforms and use expert advisor software developed for it, then you would probably feel comfortable with a broker that offers one or both of these trading platforms. On the other hand, if you have limited or no experience, then you would be better off finding a broker that offers educational resources and a responsive customer service department. Regardless of your experience level, you should open a free demo account with any broker under serious consideration. Trading in a demo account gives experienced traders a good idea of the broker's dealing spreads, order slippage and its response time to orders. Furthermore, demo trading gives an inexperienced trader direct insight into the forex market and the trading experience that you otherwise might not acquire through educational resources. Step 2: Pick a Broker Besides meeting your needs, several other considerations should be taken into account before you pick a broker. The most important factors you should consider before opening an account with a broker can be seen below: Regulation The first and most important consideration consists of the security of your funds, which involve the broker's reputation and a reputable regulatory agency that oversees its operations. Most foreign brokers that accept clients from Thailand have oversight from a variety of good international regulatory agencies, such as the U.K.'s Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the U.S. National Futures Association (NFA) and the Australian Securities and Investment Commission (ASIC). Dealing Spreads The bid/offer spread, also called the dealing spread, is generally used by most online forex brokers that act as market makers to make their money. They do this by buying at the bid side and selling at the offer side of the exchange rate for any given currency pair. If you're an active trader, then keeping your costs down can affect your bottom line. A broker that offers competitive dealing spreads will keep your transaction costs low, which should improve your trading profitability. Type of Broker A market maker will take the other side of your trade and may offset any substantial trades with other market makers. In contrast, an ECN broker has access to an electronic communications network where market makers display a number of bids and offers, with the best exchange rate used to fill a trader's order. Most ECN brokers charge a small commission on top of the narrower dealing spread you pay to trade through them. Trading Platform Most online forex brokers offer the MetaTrader 4 and MetaTrader 5 trading platforms by MetaQuotes, in addition to their own proprietary platforms. The MetaTrader platforms offer a complete technical analysis suite that features many popular tools for trading. Also, the trading software is completely customizable and can be automated to trade according to your parameters and trading signals. A large community of coders and programmers offer their third-party expert advisor or EA software to MetaTrader users that generate forex signals or can be used for automated trading. Customer Service/Educational Resources For less experienced traders, these features could make a big difference to their profitability and progress as traders. Communication with a knowledgeable person and access to educational material on the forex market may be invaluable to the novice traders. In the event of unexpected market moves, errors and questionable trading situations, experienced traders will also rely on customer service to resolve issues fairly and efficiently. Account Types Depending on how much money you open your account with, you may be entitled to narrower dealing spreads and other perks not available to lower net worth traders who can only afford lower deposits. Also, most brokers offer free demo accounts, which are ideal to assess a broker's services with and to allow novices to practice trading. Step 3: Open an Account and Start Trading A large number of reputable online forex brokers accept clients from Thailand. Below you can find listed some of the top brokers that offer their services to Thai traders to help you find the best online brokerage for your needs. The last four even have their websites translated into the Thai language for extra convenience: Best For Traders of all skill levels If you need a great mobile experience Those who like easy-to-consume data and research FOREX.com This is the largest U.S. based broker that accepts clients from Thailand. It has oversight from the U.S. CFTC and NFA, as well as from seven other jurisdictions worldwide. The broker offers three trading platforms, including MT 4/5, and it requires a minimum deposit of $250. FOREX.com's leverage is quite low and offers only a 50:1 maximum leverage ratio on forex trades. The broker also offers a user-friendly interface, excellent customer support, and a wide range of research and tools.  Read Benzinga's full FOREX.com Review FBS This online forex broker is one of the few brokers with offices in Thailand and its site is translated into Thai. The broker offers four different account types and requires a minimum initial deposit of just $1 to open a Cent account. FBS has oversight from CySEC, which conforms to the EU's Markets in Financial Instruments Directive (MiFID). Maximum leverage is a whopping 3,000:1 on some accounts and commissions are $6 per lot traded on top of the dealer spreads. The broker lets clients use the MetaTrader 4 and 5 trading platforms. FXCM Regulated by the ASIC in Australia and the FCA in the U.K., the broker offers two types of accounts. Its standard account requires a minimum deposit of $50 and its ActiveTrader account requires an initial deposit of $25,000. Leverage for forex trades is 400:1 and CFD trades are 200:1 via FXCM Australia, but it has only a 30:1 ratio for FXCM U.K., so most traders who want to use leverage choose FXCM Australia. FXCM offers the MetaTrader 4 trading platform in addition to its proprietary award-winning Trading Station platform. FxPro An award-winning no dealing desk (NDD) broker, FxPro has oversight from the UK FCA, Cyprus CySEC and the South African Financial Sector Conduct Authority (FSCA). The broker offers fixed and variable dealing spreads with a $9 round trip commission when you open and close a position. FxPro offers three different account types: MT 4, MT 5 and cTrader, which describe the trading platforms used. A minimum deposit of $100 is required to open any of the three account types and traders can leverage forex positions up to 500:1. XM Regulated by the FCA, the ASIC and CySEC, this award-winning EU-based broker offers three different account types, as well as an interest-free Islamic account. The broker requires a minimum deposit of just $5 and charges commission of $3.50 per standard lot traded. XM offers the MT4 and MT5 trading platforms and has flexible leverage ratios of 1:1 to 500:1. The broker also provides free VPS hosting on accounts with a minimum balance of $5,000. Final Thoughts Trading forex in Thailand can be just as easy as in any other part of the world. Still, knowing your needs as a trader will facilitate the process of finding the best forex broker for your trading style, so make sure to assess your requirements before shopping for a broker.   Furthermore, acquiring knowledge of the forex market and conducting research through technical and fundamental analysis could save you a considerable amount of money and stress in the long run. Finally, a solid foundation of knowledge will give you the confidence needed to trade in this often-volatile market.

How you can Become a Digital Nomad by Trading Forex? - Times Square Chronicles Posted: 19 Mar 2019 01:37 PM PDT How you can Become a Digital Nomad by Trading Forex? Forex trading is very lucrative if an individual play it right and cherry pick you traded.  The dream of every digital nomad is to travel around the world, making every beach an office while making lots of money to support such a lifestyle. Forex trading is an excellentpath to becoming a digital nomad where one supplement their income or even undertake forex trading full time. Forex trading is always open, and millions of dollars are traded each day, and there is stillroom for more traders to join and make a living.  Ask yourself, can you become a successful digital nomad by trading forex? Simply. The answer is Yes, however there so many notions out there about digital nomad who jumped in trading with substantial capital and ended up losing their investment.  In this blog post, you will learn how to become a digital nomad through forex trading. Get Started Forextrading it's a sector to start quickly and start making a living. You need to learn the basics that will bring you up to speed. For example, there are hundreds of currency pairs in the market all of which are affected by different factors locally and globally which you need to master with the right skills.  To become a digital nomad through forex trading use online resources such as video tutorials to learn the basic of trading. Secure A Fast Internet Connection A digital nomad looking to excel in forex trading need a secure, fast and reliable internet connection all the time. A trader traveling must secure a stable internet connection as not having it mean you will miss out on trades, news, forum and even necessary updates about your transactions. It'shighly advisable to avoid destination with a pooror nointernet connection. Metatrader 4 Mobile Trading Over the years the platform has developed in leaps and bounds to help digital nomad kick-start their forex trading business. The platform allows trading from any part of the world where you can access an internet connection. All you need is an internet enabled a devicethat supports MT4 mobile trading app which is plenty comfortable given a most apple and Android devices can access the MT4 app. The Metatrader4 platform also helps those learning about forex trading.  Get Started with A Demo Account Once you have mastered the basic of forex trading, put the new knowledge to the test using a demo forex trading account. A digital nomad needs to realize that forex trading provides enormous returns and a high risk of losing some or all of your capital. A demo account will help you develop a trading strategy without risking your own hard-earned money. A demo account allows you to trade, familiarize with the forex market where almost every trading platform such as a Metatrader 4 online app. The platform facilitates traders with an unlimited amount of virtual capital, there by allowing you to learn the foreign exchange market and design the best strategies to win trades.  Keep Connected  A digital nomad in forex trading needsto keep tabs on financial calendars, news, forums, andwebsites. In forex trading, the more information you have on any FX market, easier for you to trade and pair any currency from all around the world. The digital nomad needs to access current information, by making forex calendar, access world financial news, visit trading websites, join high-end forex forums and more so use the best mobile trading app on the market.  To Conclude You are looking to become a digital nomad by trading forex. First, you need to learn the trade, then find the best mobile trading platform. Being a digital nomad requires money, and forex market isn't a stable market as the exchange fluctuate time to time, thus setting up a budget and invest in small amounts to avoid losing your investment. It will take time to become a smart digital nomad and succeed in forex trading. Trading forex is a great way of becoming a digital nomad if you can solve the problem on internet connection, then you'll be a successful digital nomad by trading forex.

Best MetaTrader 4 Mac Platforms & Brokers for 2019 • Benzinga - Benzinga Posted: 19 Mar 2019 05:53 PM PDT Featured Forex Broker: FOREX.com FOREX.com is the largest forex broker for US traders. You will get competitive pricing, award-winning customer service, actionable data, and powerful trading platforms to help you make the best possible trades. MetaTrader 4 is one of the most popular forex trading platforms available, but the experience is a little different for Mac users. MetaTrader was built for use with the Unix operating system, which is primarily used for Windows and PCs. For top functionality, MetaTrader should be used on the Unix system, but that doesn't mean Mac and Linux users are completely shut off from the platform. You'll need to do a little extra legwork and find a broker that supports MetaTrader for Mac. Some popular forex brokers like OANDA don't supply MetaTrader for Mac operating systems, so a careful review is needed before making a brokerage selection. However, there is a way around this operating requirement, as long as you sacrifice a little performance. Quick Look: The Best MetaTrader 4 Mac Platforms and Brokers Since MetaTrader was designed for the Unix operating system, you'll have to jump through a few hoops to get it on a Mac, especially in the United States, where Mac-supporting forex brokers are scarce. Additionally, some features might be unavailable depending on the brokerage you're using, so practice with a demo account even if you're familiar with the platform. To install MetaTrader 4 on your Mac, you'll need to get a program called PlayOnMac. PlayOnMac uses software called Wine to import Unix-based programs to other operating systems like macOS and Linux. Instead of emulating Windows like other software, Wine translates code in real time and eliminates most performance drag. After you download PlayOnMac, you'll need to install a few other components as well. One of these is XQuartz, which adds important Windows-based tools to your Mac. Accept a few license agreements to complete the XQuartz installation and then restart your computer. After that, PlayOnMac is ready to go. Before you use MetaTrader on your Mac, you'll need to make sure PlayOnMac is complete with the latest version of the Wine software. According to MetaTrader's online user guide, Wine 1.4.1 is currently the best working version of the software, but a beta version 1.5.21 is available too. The beta version could be unstable, though, so Wine 1.4.1 is preferred at the moment. Once you confirm that Wine 1.4.1 is installed with PlayOnMac, you're ready to install the MetaTrader 4 platform (which happens to be one of the most powerful forex trading apps on the planet). In addition to PlayOnMac, Parallels is a program that allows Mac users to run the Windows operating system. You can use your Mac with Parallels to open an account with any number of forex brokers based in the United States. Parallels isn't officially recommended by MetaQuotes Software, MetaTrader's development company, but it's still a useful option for getting Windows onto your Mac. What's Different? Your MetaTrader 4 experience on the Mac operating system may vary depending on the broker you use. Many brokers have their own process to follow when installing the platform on non-Windows systems and some features could be inaccessible. Features like the Market are often victims of this conversion problem, which makes it more difficult to acquire new Expert Advisors and robots. Thankfully, most online forex brokers often demo accounts for practice trading. If you're unsure about the stability of the program, try it out on the demo account first. What to Look for in a Brokerage that Supports MT4 on a Mac What do you want out of a broker when trading with MetaTrader on Mac? The same things you should want with every forex broker! Obviously, compatibility is the biggest concern. If you can't use the platform, it doesn't really matter what the commissions are. Once you've rounded up a list of acceptable places, make sure they meet the following criteria: Low spreads: Currency spreads are similar to spreads on stocks, where there's a slight difference between the ask and bid prices. "Ask" means "sell" and it's always higher than the "bid," which means "buy." This difference is measured in pips (the currency price out to the fourth decimal) and is the cost of doing business at a brokerage. Many currency pairs to trade: The best forex brokers usually have upward of 60 to 70 forex pairs available to trade. Just make sure all the major pairs are present in the selections. Regulation: The forex market is like the Wild West of commerce, where rules are lax and leverage ramps up. Most reputable brokers have a relationship with some sort of international regulatory body. High margins: The best margin rates available to United States customers are 2% or 50:1 leverage. Make sure your broker offers 2% on at least the big pairs involving USD and EUR. Best MT4 Brokers and Platforms to Run on a Mac Many international brokers like XTB, XM and VantageFX have Mac-compatible versions of MetaTrader 4 available. However, United States customers are unable to open accounts at these brokers. Some U.S. firms have gotten around this problem by using browser versions, but thankfully there are multiple ways of getting MetaTrader on your Mac thanks to Wine and Parallels. Commissions Spreads start as low as 1 But vary based on trading volume Best For Traders of all skill levels If you need a great mobile experience Those who like easy-to-consume data and research Best Overall: FOREX.com Mac users can benefit from the MetaTrader 4 Web platform offered by FOREX.com. It allows you to use the software over your web browser, which means you don't need to download Parallels or Wine. First, create and confirm your account with FOREX.com, then click over to the Download MT4 page. Here, you'll see two options: MetaTrader 4 for Windows and MetaTrader 4 for the web. MetaTrader 4 for the web will take you to the browser version of the software, where you can enter your username and password to log on. Don't want to open an account just yet? You can create a demo account from this screen as well. FOREX.com prides itself on low spreads, accurate pricing and great margin requirements. Account holders can trade pairs like USD/CAD, EUR/USD, and EUR/CAD at 50:1 leverage, the most allowed by United States law. Read Benzinga's full FOREX.com Review Commissions $5 per 100,000 base currency traded Best For Beginners Cost-conscious traders Traders who keep a low account balance OANDA OANDA is one of the most-used forex brokers in the United States. Unfortunately, there's no dedicated application for MT4 on Mac, so you'll need to use Parallels or PlayOnMac + Wine to use the platform. Note that U.S. traders are banned from using hedging capabilities on MetaTrader. OANDA has 71 different currency pairs available to trade and five of them can be traded on 2% margin. Both spread and commission account types are available and the commission is $5 per every 100,000 units (plus the reduced spread). Demo accounts are also available if you'd like to practice for a bit. Both account styles have no minimums and there's no minimum trade value at OANDA, either. There's also a great collection of resources to learn about forex, CFDs and other types of markets. Read Benzinga's full Oanda Review Admiral Markets Though it's not available to U.S.-based traders, Admiral Markets is one of the most complete forex and CFD brokers you'll find today. Admiral Markets runs both MetaTrader 4 and 5 (along with their own platforms) and aims to make its customers as comfortable as possible. Mac users will be happy to hear that Admiral Markets has its own MT4 application for Mac OS. You can find installation instructions on the website, but note that like Wine, there's no promise of complete stability. Admiral Markets does not recommend using auto-mode Expert Advisors to maintain the integrity of the platform (unless you use Parallels). Admiral Markets is a U.K.-based broker regulated by four different international entities. Professional forex traders can get leverage as high as 500:1, but retail traders are limited to 30:1 on major pairs (EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD) and 20:1 on all other pairs. CFDs are available at 20:1 and 10:1 leverage, but note that 83% of retail traders lose money on CFDs. XM XM is a subsidiary of Trading Point Group, an FCA-regulated firm available in over 100 countries. Unfortunately, the United States is not one of these countries, but the platform does provide a dedicated MetaTrader for Mac program. According to XM, the MetaTrader 4 for Mac application loses no functionality and remains as high-powered as it does on Windows. Full access to Expert Advisors is available, along with one-click trading, hedging and technical analysis tools. You can also find instructions for downloading the application. XM offers leverage of 100:1 on major pairs for MetaTrader 4 users and 55 different pairs are available to trade. Two of the three different account types offered by XM are commission-free and all of them allow 200 different positions to be open at once. Final Thoughts Getting MetaTrader 4 to work properly on a Mac can be a tricky proposition. Brokers with compatible MT4 for Mac applications all operate outside U.S. jurisdiction, so American traders with Macs need Wine or Parallels to make installation possible. Even European brokers like XM and Admiral Markets can't promise a flawless experience with their MT4 for Mac applications. If you really want the full power of MetaTrader 4, your best bet is to simply get a computer with a Windows operating system.

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