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Additional FAQ

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?

First, you can review the comparison between the broker's swap rates and the actual differences between the central bank's benchmark rates. If the comparison is not too drastic, then it can be concluded that your broker doesn't manipulate the swap rates.

However, if it is too extreme, this could be a sign that your broker is taking too much profit from overnight positions.

Continue Reading at Forex Broker Cheats and How to Anticipate Them

  1. Old scam
    At their most common form, forex broker scams involved the manipulation of the spread. The point spread between the bid and the ask can be seen as a reflection of the commission of a transaction.
  2. Modern scam
    Computers do most of these systems, hence the name "robot" system. If the system can't detect valid signals, it will generate random buy and sell entries, which often cause traders to lose.

Continue Reading at Beware the Trap of Money Game in Forex Brokers

  1. IC Markets: If you fund your capital using Skrill on IC Markets, it will be processed instantly, but they only accept AUD, USD, JPY, EUR, SGD, and GBP currencies.
  2. FP Markets: In this broker, Skrill payments only accept USD, EUR, and GBP currencies.
  3. FBS: Skrill deposits are free, but there's a 1% commission for withdrawals.
  4. HF Markets: The minimum deposit is $10 and will be processed within 10 minutes with no fee.
  5. OctaFX: If you keep your funds in your Skrill account in Euro, depositing the OctaFX Euro account requires no conversion.
  6. Vantage: Payment using Skrill in this broker only accepts USD, EUR, GBP, and CAD currencies that will be processed within 24 business hours.

Continue Reading at Skrill for Forex Traders: Benefits and Brokers to Choose