STIFX allows microlot trading

H

henrypalvi

New Member
#1
#1
STIFX has now allowed microlot trading in there MetaTrader 4 Platform.

Email:

" Dear Respected Clients,

We are pleased to announce, that we are now offering the possibilty to trade in micro lots. Minimum contract size has been set for all spot currency pairs, gold, silver is 0.01 of a lot (1,000 of a base currency) for all trading accounts (demo and live). Spot Oil minimum contract size is same as 0.10 of a lot. We have enabled this option in MetaTrader 4.

If you have any questions, please feel free to contact at *****************
 
Last edited by a moderator:
H

henrypalvi

New Member
#2
#2
I am ready to answer anyone questions regarding opening account with STIFX. I am not here to promote or such. But rather help and guide investors and traders on any such questions.
And by having such thread, there is a transparent communication amongst each other.

I have heard various questions in this Forum, regarding can Indian open a Forex account, should you have such queries feel free to ask.
 
T

trytrading

New Member
#3
#3
henrypalvi said:
I am ready to answer anyone questions regarding opening account with STIFX. I am not here to promote or such. But rather help and guide investors and traders on any such questions.
And by having such thread, there is a transparent communication amongst each other.

I have heard various questions in this Forum, regarding can Indian open a Forex account, should you have such queries feel free to ask.
Click to expand...
Hi Henrypalvi,

it seems that you r already a forex trader, but do you trade from india? Also please tell us abt the legality of forex trading in India. what r the document reqd. to open an a/c for forex trading?

Please reply...
 
K

kishor t

New Member
#4
#4
:confused:
henrypalvi said:
I am ready to answer anyone questions regarding opening account with STIFX. I am not here to promote or such. But rather help and guide investors and traders on any such questions.
And by having such thread, there is a transparent communication amongst each other.

I have heard various questions in this Forum, regarding can Indian open a Forex account, should you have such queries feel free to ask.
Click to expand...
:confused: i want to speculate in forex and i am indian resident can i play legally in the market ? if answer is yes than how. please guide me properly.
waiting for reply.
kishor t.
 
H

henrypalvi

New Member
#5
#5
Hello friends,
Yes you can trade legally if you are resident of India. I am not in India myself. But i have friends in India who have opened account with STIFX also and other brokers with no problems. And they do cash out there profits..

Well as far as documents required. you would need what i gave to STIFX is
Certified License card, Identity card and Bank Statement.. I certified from my Embassy. and my account was opened immidiately.
Thats what my friends in India did..

Kishor your question about legallity, ofcourse its legal, cause there are many traders trading from India to be very true to you. And many are booking profits and there funds comes in there bank Account, Like ICICI in india or others banks...
 
A

asha99

New Member
#6
#6
Hi Pallvi

R u sure it is legal? as i believe that there are NO guidelines from RBI re: margin trading
and that this is not authorised.

have sent of many emails to such organisations but in vain.
yes people are trading forex from india, but i doubt if it is legal!



henrypalvi said:
Hello friends,
Yes you can trade legally if you are resident of India. I am not in India myself. But i have friends in India who have opened account with STIFX also and other brokers with no problems. And they do cash out there profits..

Well as far as documents required. you would need what i gave to STIFX is
Certified License card, Identity card and Bank Statement.. I certified from my Embassy. and my account was opened immidiately.
Thats what my friends in India did..

Kishor your question about legallity, ofcourse its legal, cause there are many traders trading from India to be very true to you. And many are booking profits and there funds comes in there bank Account, Like ICICI in india or others banks...
Click to expand...
 
T

tirou

New Member
#7
#7
henrypalvi said:
Hello friends,
Yes you can trade legally if you are resident of India. I am not in India myself. But i have friends in India who have opened account with STIFX also and other brokers with no problems. And they do cash out there profits..

Well as far as documents required. you would need what i gave to STIFX is
Certified License card, Identity card and Bank Statement.. I certified from my Embassy. and my account was opened immidiately.
Thats what my friends in India did..

Kishor your question about legallity, ofcourse its legal, cause there are many traders trading from India to be very true to you. And many are booking profits and there funds comes in there bank Account, Like ICICI in india or others banks...
Click to expand...

In some other threads somebody said forex trading is not legal in india.But u said it is legal, is there any concreate proof to avoid this confusion. Please guide us.
 
A

ananddennis

New Member
#8
#8
I am trading with STIFX from india since past 6 months.
And havent faced any problems in withdrawing back to my ICICI bank account. I normally withdraw every month.
I for sure recommend STIFX if you are planning to trade in currencies, or gold. they will surely help you in everything.
 
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