Forex Brokers That Accept Bpay Payment Method for Deposit and Withdrawal

Yes, it might be.

You may receive a phone call asking for more deposits or more frequent trade. This is possible as your contact information is accessible to the company.

Thus, your data may facilitate the broker to contact you by email or cell phone, urging you to be more speculative and increasing your risks in the market.

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

All brokers that operate in the UAE must be regulated and obtain a license either from the SCA, Central Bank, or other regulatory authorities. They should also comply with Sharia law, which means that certain operational requirements must be fulfilled.

In addition, any non-resident international entity or forex broker that wishes to offer its service within the Emirates should have a local or domestic representative in the country, either in the mainland or in any financial zone. So before they can operate, they must be listed under the SCA or DFSA and gain approval from either of them.

Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)

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?

1. Promising a fixed return
2. Can't provide any track record
3. Withdrawal difficulties
4. Withdrawal process takes more than 10 business days
5. Unclear regulations and office addres

Continue Reading at Beware the Trap of Money Game in Forex Brokers