Forex Brokers That Accept Mastercard Payment Method for Deposit and Withdrawal

Several forex companies of Russian origin have moved to Europe -mainly Cyprus and the UK in order to ease global expansion. Here are some of them that might be good for you:

• Exness
  Exness is authorized and regulated across Europe through MiFID II. Exness is very suitable for traders with low capital requirement and various account offerings.
• XM Group
  XM Group is authorized and regulated by the Cyprus Securities and Exchange Commission (CySec), legitimizing its operations across Europe.
  
• Alpari
  A few years ago, Alpari was the most famous Russian forex broker worldwide. Its popularity dropped following tragic losses suffered by its UK entity in 2015. Currently, Alpari only registered in Belarus and St Vincent and the Grenadines. Nevertheless, Alpari is still one of the favorite brokers for Eastern European and Russian residents.

Continue Reading at Best Forex Brokers in Russia

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

Brokers that loosen their requirements are much more exposed to fraud than those that do not.

Many clients have been complaining about the long safety procedure and identity verification, which can take at least a few business days to complete.

If the company keeps requiring clients to double-check their login details, verifying their identities multiple times, and confirming their intentions, people can easily back away and this means lower revenue.

Most companies wouldn't take such a risk in this dire economic situation, as customers are their sole source of income.

In the cost of satisfying their customers, brokers must face the risk of fraud. By lowering their security measures, they are practically exposing their vulnerabilities to the public. And in reality, one fraudster can cause greater harm than 100 legitimate customers can cause good.

Continue Reading at Fraud Trends that Brokers Should Watch for in 2023

The advantages of trading with a fixed spread include:

• Stable spread cost, which allows for more reliable money management strategies.
• Easier calculation of potential profit and loss for each trade, providing a clear estimate of the spread cost.
• Protection from extreme spread widening during periods of high market volatility.
• Enhanced compatibility with trading Expert Advisors (EAs), and automated trading systems.
• Suitable for beginners who may not be comfortable dealing with fluctuating spreads, aiding in the learning of money management techniques.

Continue Reading at ECN vs Fixed Spread, Which Type is Better?