Markets4you Promotion

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

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

Unlike fly-by-night brokers and pyramid schemes, bucket shops do have functioning trading activities, albeit for malicious intents.

Bucketing itself refers to practices by which brokers illegally generate profits from their clients' trades, such as frequent price misquotes or re-quotes,s in order executions, etc.

For example, a trader executes a buy position of EUR/USD at 0.8294. The broker confirms the transaction has been made while the truth is the order will be executed later when the price is at 0.8298.

The difference of 4 pips is kept by the broker as their own profit; a fact that will never be revealed to the trader.

Continue Reading at Top Blacklisted Forex Brokers You Should Avoid

We have compiled 10 best-performing forex brokers that are suitable for swing traders in South Africa.

• IC Markets: IC Markets is particularly suitable for traders who value easy trading execution and low trading costs.
• Exness: The broker is regulated by several trusted authorities such as the FSCA, FCA, and CySEC.
• Khwezi Trade: Khwezi Trade supports Rand-based forex and CFD trading with a wide range of trading instruments.
• FXTM: The broker supports MetaTrader 4 and 5 as trading platforms, both of which can be accessed from various devices such as PC, laptops, tablets, and/or mobile phones.
• FBS: Traders can open a trading account with only $1 and there is no inactivity fee.
• AvaTrade: When it comes to trading fees, AvaTrade offers a fixed spread of 0.9 pips per trade.
• FxPro: The broker also provides customer service that responds quickly and is able to provide relevant answers in multiple languages.
• FP Markets: One of the greatest advantages of this broker is that it uses true ECN bridges and advanced technology.
• Pepperstone: Pepperstone is often considered to be the best broker in Australia that's suitable for almost any kind of trader including swing traders.
• HF Markets: Conveniently, HF Markets offers a ZAR trading account for South African traders as well as USD and EUR accounts.

Continue Reading at 10 Brokers for Swing Trading in South Africa