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Forex Brokers That Accept Moneygram Payment Method for Deposit and Withdrawal

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Recognizing the best forex brokers is not just a matter of identity and basic trading needs. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.

The table below provides what may be necessary for your journey in finding the most ideal broker. Remember to always put your conditions at the front when choosing a forex broker.


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Score Broker Payment Country Min Deposit Max Leverage
Additional FAQ

Opening a brokerage involves various steps, including legal and regulatory requirements, technology setup, and client acquisition. The specifics can vary based on your location and target market.

Continue Reading at What You Need to Know Before Starting Your Own Brokerage

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

Traders will be able to take advantage of carry trades IF the broker applies swaps in accordance with each country's central bank benchmark rates. Which is actually unlikely.

Plus, terms and conditions on several brokers clearly spelled that they will hand you negative rates on overnight trades (add that with: no matter what the rate difference between currencies). Or alternatively, they hand you the negative rates but pocket the positive rates.

Continue Reading at Carry Trade In Forex Trading, Is It Possible?

These are some of the best Malaysian brokers to consider:

  1. Tickmil: LFSA with License Number MB/18/0028.
  2. FBS: LFSA with License Number MB/18/0028.
  3. IFC Market: LFSA with License Number MB/20/0049.
  4. ICM Market: LFSA with License Number MB/18/0029.
  5. Hirose: LFSA with License Number MB/15/0006.
  6. Deriv: LFSA with License Number MB/18/0024.
  7. XM Malaysia: Not regulated by the LFSA.

Continue Reading at Top Forex Brokers for Malaysian Traders


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