Forex Brokers That Accept Virtual Pay Payment Method for Deposit and Withdrawal
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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Additional FAQ
What are the types of forex brokers' cheats?
There are 6 common types of forex brokers' cheats, such as:
- Stop loss hunting
- Spread markups
- Slippage
- Requote
- Swap manipulation
- High leverage
Continue Reading at Forex Broker Cheats and How to Anticipate Them
Are market makers and dealing desk brokers the same?
Market makers and dealing desk brokers are similar in that they both facilitate trades within their own platforms, but they are not exactly the same.
Market makers typically provide liquidity by creating a market for traders, while dealing desk brokers may take a more active role in managing orders, which can lead to potential conflicts of interest.
Continue Reading at Are Market Maker Brokers Always Bad?
What is an A-book and B-book broker?
A-book broker is where orders go directly to the market, while B-book is where orders remain in the company.
A-book companies usually get profits from the spreads and commissions, whereas B-book companies get profits from a financial outcome (everything that a trader lost, the company gained, and vice versa).
Continue Reading at Exposing Forex Broker Secrets
What are reliable forex broker regulations?
Some of the top regulatory agencies in the world include:
- The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the United Kingdom
- The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States
- The Swiss Financial Market Supervisory Authority (FINMA) in Switzerland
- The Australian Securities and Investments Commission (ASIC) in Australia
- The Financial Services Agency of Japan (JFSA) in Japan
- The Cyprus Securities and Exchange Commission (CySEC) in Cyprus
If the broker you use is regulated by one of the regulatory agencies above, you can be confident that it is safe. The reason is that these regulatory agencies have strict requirements that brokers must meet to be licensed.
Only the most reputable and trustworthy brokers can obtain a license.
Continue Reading at How to Avoid Forex Broker Scams
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