List of Growing Forex Brokers

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

There are several checklists that a broker should have. Those are

• Company
• Website
• Trading terminal
• Liquidity
• Office
• Personnel

Continue Reading at What You Need to Know Before Starting Your Own Brokerage

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?

Essentially, there are four types of brokers based on their execution model, namely Market Makers, Electronic Communication Network (ECN), Direct Market Access (DMA), and Straight Through Processing (STP). Market Makers are called Dealing Desk brokers, while ECN, DMA, and STP are called No Dealing Desk (NDD) brokers. Using a Dealing Desk or NDD broker can affect the trader's trading cost.

There is no such thing as a "bad" execution model, but not all models are suitable for everyone. For beginners, STP brokers are highly recommended. These brokers act as a middleman, typically offers variable spreads, and don't charge commissions. Other benefits of trading with an STP broker are faster-filling orders, the freedom to avoid price quotes, less risk compared to other types of brokers, and the availability of live market trends.

Continue Reading at 5 Things to Rate in Forex Brokers Quality