Forex Broker Categories - The Ultimate Compilation for Your Trading

There are plenty of popular brokers regulated by MAS in Singapore. Here are some of them:

• OANDA Asia Pacific Pte. Ltd.
• Interactive Brokers
• Goldman Sachs (Singapore) Pte.
• Citigroup Global Markets Singapore Pte. Ltd.
• CMC Markets Singapore Pte Ltd
• and many more

Continue Reading at Forex Trading in Singapore: 5 Facts You Need to Know

• Forex Deposit Bonus
  A forex deposit bonus is closely related to the deposit you make. Normally, you need to make a deposit on the website of your chosen broker. 
  
  
• Forex No Deposit Bonus
  Forex no deposit bonus can be a solution if you don't want to risk too much money for trading. In short, you will be given money by your broker to make your first trade.
  
  
• Welcome Forex Bonus
  This type of bonus is dedicated to new clients, therefore you can't get this promo if you're a regular client. 
  
  
• Special VIP and Regular Customer Bonus
  Usually, brokers will reward their loyal clients with bonuses, as well as their VIP clients. Normally you need to stay active on the broker for some time to claim the bonus. 
  
  
• Pending Forex Bonus
  Just like the name suggests, you can't use this bonus immediately after you receive it. However, you can claim it once you do a particular action on your broker's platform. 
  
  
• Forex Reload Bonus
  This bonus is dedicated to regular clients. Usually, the broker will give you the bonus on the second deposit and after. 

Continue Reading at What You Need to Do in Choosing the Best Forex Bonus

Dealing desk brokers are financial intermediaries that facilitate trades by taking the opposite side of their clients' positions. They often profit from the spread between the buying and selling prices they offer to traders.

Continue Reading at Are Market Maker Brokers Always Bad?

To avoid being scammed by a malicious broker, here are some red flags that you need to watch out for:

• The broker seems to enforce the get-rich mentality to new clients and encourage them to invest a lot of money.
• The broker promises a high return or success.
• There is little, ambiguous, or no contact and background information on the broker.
• The broker constantly promotes unsolicited marketing.
• There are negative reviews from previous clients and market regulators about the broker.

It is worth mentioning that apart from brokers, you should also be aware of scammers that disguise themselves as professional traders, law firms, and other entities that claim to be a part of the government's services.

Continue Reading at Do You Have to Trade with Regulated Brokers?