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Forex Brokers That Accept Neo 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
254
InstaForex
InstaForex
NEO
British Virgin Islands
$1
1 : 1000
305
Fullerton Markets
Fullerton Markets
NEO
China
$200
1 : 500
762
OpoFinance
OpoFinance
NEO
China
$100
1 : 500
735
Opoforex
Opoforex
NEO
China
$100
1 : 500


Additional FAQ

Here are some things to look for when choosing a forex broker for hedging:

  • Low spreads
  • High leverage
  • Good execution
  • Competitive fees

Continue Reading at Introduction to Forex Hedging Strategy

Some brokers might claim that they are in the process of applying for a license or a license extension. But in reality, not all brokers are true to their words. Some of them don't actually apply for any license and only use those words to steal the clients' funds. Even if the license is indeed "in the process", the broker's still unregulated during that time.

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

Several downsides of scalping make brokers forbid this practice, including the risk of overloading the servers. Aggressive scalpers can even open multiple positions within minutes. The broker's server can be overloaded if many scalpers perform that action several times daily.

Continue Reading at Why Do Brokers Restrict Scalping?

Unlike fly-by-night brokers and pyramid schemes, bucket shops do have functioning trading activities, albeit for malicious intents.

Bucketing itself refers to practices by which brokers illegally generate profits from their clients' trades, such as frequent price misquotes or re-quotes,s in order executions, etc.

For example, a trader executes a buy position of EUR/USD at 0.8294. The broker confirms the transaction has been made while the truth is the order will be executed later when the price is at 0.8298.

The difference of 4 pips is kept by the broker as their own profit; a fact that will never be revealed to the trader.

Continue Reading at Top Blacklisted Forex Brokers You Should Avoid