Forex Brokers That Accept Bank Wire Payment Method for Deposit and Withdrawal

Given the importance of spreads in day trading, it is essential to find a broker that offers low spreads. Lower spreads can help day traders reduce their trading costs, which in turn can lead to increased profits.

It is noteworthy that IC Markets stands out in this regard because it offers lower spreads compared to its counterparts. For instance, the average spread on the EUR/USD for IC Markets' standard account is around 0.62 pips while FP Markets' is around 1.2 pips.

Continue Reading at Broker for Day Trading: FP Markets or IC Markets?

There are four things we could check to recognize broker scams:

1. Sensasional ads: They tend to promise a big number, sometimes unrealistic.
2. Unproven regulations: Check out whether they are regulated and whether their regulations are legit.
3. Untraceable contact: Find out if they have a legit communication line or real address.
4. Bad reviews: Look at what people say about them.

Continue Reading at 4 Signs to Recognize Forex Broker Scams

Another important point about day trading is the right broker because not all brokers are ideal for day trading due to the high volume of trades involved. In this case, traders have to carefully those who have platforms built to cater to the needs of day traders, advanced charting tools, and make it possible to place and modify complex orders in quick time.  

This is why brokers with high speed, low costs of executing trades, and reliability are more suited to the high volume trades that are constantly seen with day trading.

Continue Reading at Is IC Markets Good for Day Trading?

Most forex brokers provide demo accounts for free to their clients. Below are some forex brokers with the best demo accounts:

• IC Markets: Available in all account types, platforms, and all instruments.
• OANDA: Allows CFD trading account and test trading strategies under real market conditions.
• Exness: Offers vast opportunities for different types of traders.
• XM: Avaliable for all XM Real Account holders.
• Tickmill: Allow traders to try low spreads, fast execution & great trading conditions risk free.
• OctaFX: Allow trader to open as many demo accounts as they want.
• Pepperstone: Provide real market pricing and can be offered with up to 50,000 virtual funds.
• FBS: Available for all account types and instruments.
• eToro: Get a free $100,000 Practice Account upon joining.

Continue Reading at Forex Demo Account: The Good, the Bad, and the Brokers