Broker Bonus, Promotion, and Contest: Based on Country

These brokers have been selected based on a comprehensive analysis of various factors, ensuring they provide a well-rounded and beneficial trading experience for Indian traders:

1. Interactive Brokers: Has a physical office in Mumbai.
2. Exness: Support Hindi language.
3. XM: Support local bank transfers.
4. Admirals: Has local phone number and e-mail.
5. FP Markets: Support deposit using INR.
6. HF Markets: Offer promotions and bonuses for Indian clients.

Continue Reading at Top Forex Brokers in India

Market makers and dealing desk brokers are similar in that they both facilitate trades within their own platforms, but they are not exactly the same.

Market makers typically provide liquidity by creating a market for traders, while dealing desk brokers may take a more active role in managing orders, which can lead to potential conflicts of interest.

Continue Reading at Are Market Maker Brokers Always Bad?

Regardless of what methods they use, you can identify blacklisted forex brokers with these suspicious attributes:

1. Promises of big profits
2. Claims of no risks
3. No reputable regulation
4. Unprofessional practices
5. Questionable platforms
6. Fake rating
7. No SSL certificates

Whether you have already signed up to a forex broker or are about to commit yourself to one, here we provide you with a checklist to assess the reliability of a broker:

1. My broker holds at least one license from reputable regulators such as FCA, ASIC, CFTC, etc.
2. My broker's website has an SSL certificate.
3. My broker offers reliable trading platforms such as MT4, MT5, cTrader, etc.
4. My broker does not interfere with the withdrawal of my funds.
5. My broker does not ask me about my debit/credit card information.
6. My broker does not make unrealistic promises and claims.
7. My broker has quick and responsive customer support.
8. My broker receives great ratings and reviews from multiple reliable and independent sources.
9. My broker accepts payment with standard methods, such as Visa/Mastercard, Wire Transfer, PayPal, or Skrill.
10. My broker does not rely on its operation around additional services like binary options, PAMM, etc.

Continue Reading at Top Blacklisted Forex Brokers You Should Avoid

Brokers may manipulate charts for various reasons, although it's important to note that not all brokers engage in such practices, and many operate with integrity. When manipulation of charts does occur, some potential reasons include:

1. Generate additional fees or profits.
2. Manage liquidity in the market.
3.  Brokers operating in unregulated or poorly regulated markets may engage in chart manipulation more frequently because they face fewer consequences. 

Continue Reading at Can Brokers Manipulate Charts?