Forex Brokers That Accept Local Bank Transfer Payment Method for Deposit and Withdrawal

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)

These 5 forex broker secrets can be the keys to differentiating between a good and bad forex broker:

1. Market makers are not traders' enemy.
2. So-called NDD brokers are actually ECN/STP brokers.
3. Bonuses are brokers' hidden fees.
4. Scammers could easily pose as forex brokers.
5. There are A-book and B-book brokers.

Continue Reading at Exposing Forex Broker Secrets

The issues that are often mistaken for broker problems are interrupted trading orders, slippages, requotes, spread widening, and withdrawal issues.

In fact, most of these issues can be caused by market volatility.

Continue Reading at How to Deal with Problematic Brokers in 6 Easy Steps

To be successful, your broker should be:

• Allows a minimum deposit of USD50.
• Provides trading with micro lots (0.01).
• Charges no commission.
• Offers low spreads (less than 2 pips for major pairs).

Continue Reading at A Story of Making Forex Profit with Small Capital