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Loyalty programs can keep traders staying and actively trading with their broker. Basically, the broker will give their clients rewards in many forms based on the points they accumulated through trading.

Some of the popular methods are cash rewards, gifts, lower spreads, bonuses, commissions, and many more. The idea is to keep the trader satisfied and continue to invest their money in the broker.

Continue Reading at Trade Now and Get Rewards from TMGM Loyalty Program

To avoid scam brokers who often intervene in clients' orders. NDD brokers usually channel their clients' orders directly to the market or bigger NDD brokers. In this case, clients do not trade against the broker but directly against the market.

Furthermore, the spread in NDD brokers normally follows the real market's fluctuation but is generally lower than in other brokers. Some broker variants categorized under the NDD brokers are STP (Straight Through Processing), ECN (Electronic Communication Network), and DMA (Direct Access Market).

Continue Reading at The Secrets of Successful Scalping Strategy

When anything is described as "subject to change," there is a potential that you may incur more losses in terms of money, time, and effort.

• Your brokerage company may execute trades with a different model than what they are supposed to. 
• The platform changes. You are used to using MT4. All of sudden, you have no choice but to move to MT5. 
• The stop-out level is increased. A higher stop-out level will cause you greater loss as it will let your losing position run its course until you have nothing left in the account.
• Changes in spread and/or commission. Anything related to trading costs should be a sensitive matter as it influences one's profitability in the long run. 
• Leverages are lowered for no reason. This limitation may result in higher margin requirements and thus inflict on any trader who are used to trade with high leverage. 
• Your pair leaves you. 
• Obvious stop hunts. This often happens in market maker brokers who trade against the traders. In this case, you will find your stop losses getting executed just before the price moves in your favor. 

Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker

Learn from your previous mistake and find a better broker with credible service and reliable support. Taking other traders' recommendations into account is also a good way to start your search for a better broker.

That way, you can be ive of the number of Forex brokers available before opening an account.

There are several ways of finding a better broker. But, the most common method is probably based on the broker's regulations, including ASIC, FSA, CySec, FCA, and many more.

Continue Reading at How to Deal with Problematic Brokers in 6 Easy Steps