Forex Brokers That Accept Dragonpay Payment Method for Deposit and Withdrawal

Earnforex has sorted out current forex broker awards into three categories:

1. The highest tier (trusted) awards are organized by renowned and highly reputable publications such as FXStreet.
2. Medium-tier (expos and conventions) such as Finance Magnates Summits and iFX Expo. The organizers themselves are reputable, and there are some rather tough qualifications for forex brokers who want to participate
3. Lowest tier (dubious awards), including magazines and broker rating websites such as World Finance Magazine, International Business Magazine, Financial Derivative Magazine, and so on.

Continue Reading at Forex Broker Awards: All You Need to Know

Nowadays, the risks of forex broker scams keep increasing. A Segregated Account in a forex broker can make the management of the client account more accessible and more precise.

Continue Reading at What is a Segregated Account in Forex Brokers?

When it comes to a broker's regulatory status, there are a few terms that you should know such as registered, regulated, licensed, and authorized.

• Registered: If a broker is "registered", that means that the broker's registered as a company in a certain country and has one or more offices in that country.
• Regulated: If a broker's "regulated", that means it has obtained a license to operate as a broker in a country and is listed under the country's regulator.
• Licensed: It means that the broker has obtained a license to operate as a broker in the country and is protected by its laws.
• Authorized: If a broker's "authorized", that means it has the authorization to operate at a certain capacity in a country, but not necessarily as a forex broker.

Continue Reading at Forex Regulation Insights: Defining Your Broker's Status

Here's what it means to be an ASIC-licensed forex broker currently:

1. All ASIC-licensed forex brokers are required to hold at least AUD1 million in operating capital.
2. Like FCA, ASIC will monitor the company continuously to ensure segregation of client funds, periodical report and audit, efficient management including AML and KYC procedures, and proper risk disclosure for clients.
3. ASIC Forex brokers are not allowed to have any conflict of interest with their customers. This is the reason why Australian Forex brokers usually offer direct market access through ECN or STP facilities.
4. ASIC allows leverage for forex and CFD trading up to 30:1.

Continue Reading at UK FCA vs ASIC, Which Forex Regulator is More Reliable?