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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 check a broker's regulation?
Here are the steps on how to check if a forex broker is regulated:
- Check the broker's website.
- Visit the regulatory agency's website.
- Contact the regulatory agency.
Continue Reading at How to Avoid Forex Broker Scams
There is no clear-cut answer to that. What you need to know is that ECN brokers do offer a better trading environment than market makers although some of them may cheat on you.
Better yet, licensed ECN brokers in advanced countries are usually subject to stricter supervision that reduces the likelihood of fraud.
Continue Reading at Can ECN Brokers Cheat on You?
Which broker offers a welcome bonus that can be withdrawn?
None at all. All welcome bonuses from the 5 brokers cannot be withdrawn immediately but must be used for trading first. It is the profits earned that can be withdrawn.
Continue Reading at USD30 Welcome Bonuses by Forex Brokers in 2023