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Firstly, you can start by trading with a small amount to test the broker.
While doing so, pay attention to the trading execution and monitor your progress regularly.
After that, try withdrawing your money.
If the broker takes a long time to process your request or even refuses to let you withdraw, then you might have run into a scam.
Continue Reading at How to Ensure Your Broker is Trustworthy
How to avoid artificial slippage in ECN brokers?
There are two steps you may take to avoid falling prey to artificial slippage:
- Steer clear of stop orders and make use of limit orders instead.
- Add decreased slippage parameters to your expert advisors (in case you are using EA).
Continue Reading at Can ECN Brokers Cheat on You?
What are brokers operating under ESMA?
Many forex brokers are imposed to ESMA's new rules as most popular brokers come from the European Area. Many of them have been working with multiple licenses to maintain their global operation. Some examples are:
- Admiral Markets
- Exness
- eToro
- Plus500
- IG
- XTB
- AvaTrade
- FxPro
- NordFX
- TriumphFX
- Saxo Bank
- Interactive Brokers
- CMC Markets
Continue Reading at ESMA Regulations for Retail and Professional Traders
How much leverage does forex broker usually offer?
Regulated brokers typically offer leverage in the range of 1:50 to 1:200, depending on the specific broker and the region.
Continue Reading at Trading Without Leverage, Is It Possible?