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Why do spread vary among brokerages?
Spreads in trading can differ from one brokerage to another. Brokers aim to attract traders by offering lower spreads, which can make trading more cost-effective.
Continue Reading at Hidden Costs in Forex Trading You Should Be Aware of
Is it legal using overseas brokers in Nigeria?
As mentioned above, Nigeria has a poorly regulated financial market. There's no prohibition to trade with overseas forex brokers as there's no locally-regulated forex broker either. Therefore, you can legally trade with any overseas forex broker.
Most Nigerian forex traders are registered with European or MENA-based online brokerage companies.
Continue Reading at Forex Trading Facts in Nigeria
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?
What are the most common problems that are not typically caused by brokers?
The issues that are often mistaken for broker problems are interrupted trading orders, slippages, requotes, spread widening, and withdrawal issues.
In fact, most of these issues can be caused by market volatility.
Continue Reading at How to Deal with Problematic Brokers in 6 Easy Steps
