Is Social Trading illegal?

Is Social Trading illegal?

Copy trading is not illegal. It is legal in most countries if you use a regulated broker (USA, Turkey, and Belgium).

Does BDSwiss allow scalping?

BDSwiss offers maximum leverage of up to 500:1 and allows all trading strategies, including hedging, scalping, and copy trading. All account-holders can access basic education material and can make use of trading tools such as Autochartist and various trend analysis tools.

Does BDSwiss copy trade?

Sign up as a BDSwiss Affiliate or IB partner and activate the copy-trading feature. Once you place your first trade, your clients will be able to see your strategy on their dashboards and choose whether they’d like to start copying you.

Is Social Trading Safe?

Social Trading is very risky because the past results of the traders do not guarantee profits in the future. Criteria for a serious Social Trading platform: Regulated and licensed trading platform. Financial security of customer funds.

Can I have 2 BDSwiss accounts?

Yes, BDSwiss allows up to 5 different trading accounts, 3 Classic, one VIP and 1 Raw account. In case you already have a Classic account and wish to have a VIP or Raw account, you will need to open a new account of the desired type as no upgrade can be done.

Is BDSwiss regulated in the UK?

The FCA has required BDSwiss Holding Plc to stop conducting any regulated or marketing activities in the UK and has directed it to take all reasonable steps to stop other members of the BDSwiss Group doing the same. It has also ordered the firm to close all trading positions and return the money to customers.

Is BDSwiss legal?

Regulation And Licensing BDSwiss is a fully regulated CYSEC broker: BDSwiss is a trading division of BDSwiss Holding Ltd, a Company incorporated under the laws of Cyprus with incorporation no. HE300153 and regulated by the Cyprus Securities and Exchange Commission (“the CySec”) under licence number 199/13.

What is BDSwiss leverage?

The amount that you have borrowed is called leverage. The same applies to trading. If you wish to trade with a larger amount than that which you own, you set your leverage accordingly. To keep you from opting from a higher leverage than what you can handle as a trader, BDSwiss administers an appropriateness test.

How many people lose etoro?

One of the biggest risk disclaimers is the fact that as many as 75% of investors trading using CFDs lose their money.

Is copy trading bad?

Another risk is when you invest in a copy trading platform that has high transaction fees. These fees can eat into your profit. The same goes for copy trading platforms with bad spread rates. You should always be on the lookout for hidden fees and bad spread rates when copy trading.

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