Forex Brokers That Accept Dash Payment Method for Deposit and Withdrawal

Generally, there are five major factors to consider when choosing a broker and they are:

1. Level of regulation: You need to know if the broker is subject to the regulations of the Central Bank of Nigeria and if they operate accordingly. A lack of regulation should be a red flag and set off alarm bells in your mind.
2. Trading platform: How does the trading platform look? Is there a registration number on the website that can be verified? Is a demo account available where you can test strategies and other account features?
3. Currency pairs being offered: What kind of currency pairs does the broker have on offer? Is it just the minor pairs or exotic pairs that have low liquidity? Are major pairs that have high liquidity and are more profitable available?
4. Account features: how are charges and commissions deducted and what are the percentages? What kind of leverage and margin accounts are offered? And what are the terms of deposit and withdrawal? 
5. Customer service: Is the customer service reliable? Can they provide succinct answers to your inquiries?

Continue Reading at Identifying Fake Forex Brokers in Nigeria

Forex brokers commonly implement KYC through various methods, including manual ID verification conducted by an internal team, the use of third-party ID verification services that automate the process, and pre-KYC screening to expedite data filtering and enhance efficiency.

Continue Reading at Is KYC Important in Forex Trading?

Regardless of what methods they use, you can identify blacklisted forex brokers with these suspicious attributes:

1. Promises of big profits
2. Claims of no risks
3. No reputable regulation
4. Unprofessional practices
5. Questionable platforms
6. Fake rating
7. No SSL certificates

Whether you have already signed up to a forex broker or are about to commit yourself to one, here we provide you with a checklist to assess the reliability of a broker:

1. My broker holds at least one license from reputable regulators such as FCA, ASIC, CFTC, etc.
2. My broker's website has an SSL certificate.
3. My broker offers reliable trading platforms such as MT4, MT5, cTrader, etc.
4. My broker does not interfere with the withdrawal of my funds.
5. My broker does not ask me about my debit/credit card information.
6. My broker does not make unrealistic promises and claims.
7. My broker has quick and responsive customer support.
8. My broker receives great ratings and reviews from multiple reliable and independent sources.
9. My broker accepts payment with standard methods, such as Visa/Mastercard, Wire Transfer, PayPal, or Skrill.
10. My broker does not rely on its operation around additional services like binary options, PAMM, etc.

Continue Reading at Top Blacklisted Forex Brokers You Should Avoid

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