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Why do some brokers offer extremely high leverage?
Forex brokers, especially market makers are typically aware that most newbies are inexperienced, and there's a high chance that they're going to misuse the leverage. Thus, they usually offer high leverage to attract new clients.
In other words, many market makers are using high leverage as a part of their marketing offers. They'd invite you to take a lot of risks, knowing that it's not a good move to do especially if you're starting.
Continue Reading at 5 Signs Your Broker Trades Against You
What aspects should you consider in choosing brokers for hedging?
Here are some things to look for when choosing a forex broker for hedging:
- Low spreads
- High leverage
- Good execution
- Competitive fees
Continue Reading at Introduction to Forex Hedging Strategy
Why does a change in payment method indicate broker red flags?
The payment method will determine how much fees and commission you will have to prepare when you will receive your funds, and how secure the process is.
You may rely on one payment method that you consider low-priced and fast.
However, due to a certain reason, a broker decided to remove your reliable payment method and you are then in a queue for a wire transfer which is expensive.
It would be wise to maintain your preference by switching to another broker.
Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker
How to prove that the broker is problematic?
There are several ways you can determine whether a broker is problematic or not. After all, there are some conditions that may not be the broker's fault. Here are the ways you can do:
- Determine the problem first. Is it really the broker's fault, or are there other factors involved?
- Make sure you have followed the rules. If you did, but still encounter issues, then it might be the broker that is the cause.
- Ask the broker's customer support, with some proofs.
- Consult with other traders.
If it's proven that the broker is the root of the problem, take immediate action and look for another reliable broker.
Continue Reading at How to Deal with Problematic Brokers in 6 Easy Steps
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