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What does licensed broker mean?
Basically, if the broker's "licensed", then it's just as good as "regulated". It means that the broker has obtained a license to operate as a broker in the country and is protected by its laws. Just like regulated brokers, if there is a legal issue, it will be resolved in the area of origin of the broker's license.
Continue Reading at Forex Regulation Insights: Defining Your Broker's Status
Why do brokers manipulate charts?
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:
- Generate additional fees or profits.
- Manage liquidity in the market.
- 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?
What is the most common problem we find in broker?
Withdrawal issues are the most common problems with brokerage companies. On the other hand, making deposits usually comes smoothly because no one will deny taking your money. That is why it is crucial to check a broker's withdrawal and read the user reviews on that matter before opening an account.
Continue Reading at eToro Withdrawal: Limit, Fees, and How-to
How to validate a broker regulated by the CFTC?
All brokers regulated by the CFTC can be verified through the National Futures Association (NFA) website. You can search for a specific company by inputting its business name, usually found at the bottom of a forex broker's homepage.
Continue Reading at 6 Best Forex Broker Regulators in the World