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These 5 forex broker secrets can be the keys to differentiating between a good and bad forex broker:

1. Market makers are not traders' enemy.
2. So-called NDD brokers are actually ECN/STP brokers.
3. Bonuses are brokers' hidden fees.
4. Scammers could easily pose as forex brokers.
5. There are A-book and B-book brokers.

Continue Reading at Exposing Forex Broker Secrets

Believe it or not, you can ask the broker directly. Some ECN/STP brokers openly state that they mark up spreads because they feel they have the right to do so.

You can also check the authenticity of spreads from an ECN/STP broker that (perhaps) covers up its spread mark-up by directly comparing the broker's spread with the actual market spread.

Continue Reading at Forex Broker Cheats and How to Anticipate Them

Forex brokers with multiple licenses may be more capable than forex brokers with a single license. But multiple licenses do not guarantee trustworthiness. The best option is to register with a trusted forex broker officially licensed in your own country.

Moreover, not all forex brokers with multiple licenses can be ranked equally. ABC broker that holds only two licenses from the UK and Australia may have more credibility than its rival that holds five licenses from offshore authorities. See the examples below.

Continue Reading at Guide to Forex Brokers with Multiple License

The advantages of trading with a fixed spread include:

• Stable spread cost, which allows for more reliable money management strategies.
• Easier calculation of potential profit and loss for each trade, providing a clear estimate of the spread cost.
• Protection from extreme spread widening during periods of high market volatility.
• Enhanced compatibility with trading Expert Advisors (EAs), and automated trading systems.
• Suitable for beginners who may not be comfortable dealing with fluctuating spreads, aiding in the learning of money management techniques.

Continue Reading at ECN vs Fixed Spread, Which Type is Better?