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Forex Brokers That Accept Western Union 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
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Try to find reviews about your broker and their bonuses to get a better understanding of what you are getting into. Look for the good and the bad, the do's and the don'ts, etc.

Don't be hasty and try to surf the internet for a while and come back when you have a better idea. Looking at the track records of your broker is recommended, make sure they are regulated and not a scammer.

Continue Reading at What You Need to Do in Choosing the Best Forex Bonus

Basically, if the broker's "licensed", then it's just as good as "regulated". It means that the broker has obtained a license to operate as a broker in the country and is protected by its laws. Just like regulated brokers, if there is a legal issue, it will be resolved in the area of origin of the broker's license.

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

We have made a list of the best forex brokers in Nigeria:

  1. IC Markets: Best for commission trading.
  2. FXTM: Regulated forex broker with various educational events.
  3. HF Markets: Popular broker with attractive bonus programs.
  4. OctaFX: Best broker for easy deposit and withdrawal.
  5. XM: Best broker with low spreads.
  6. Exness: Great for professional traders.
  7. AvaTrade: Multi-regulated forex broker.
  8. FP Markets: Suitable for advanced traders.
  9. FBS: Popular broker with diverse trading instruments.

Continue Reading at Best Forex Brokers in Nigeria

Here's what it means to be an ASIC-licensed forex broker currently:

  1. All ASIC-licensed forex brokers are required to hold at least AUD1 million in operating capital.
  2. Like FCA, ASIC will monitor the company continuously to ensure segregation of client funds, periodical report and audit, efficient management including AML and KYC procedures, and proper risk disclosure for clients.
  3. ASIC Forex brokers are not allowed to have any conflict of interest with their customers. This is the reason why Australian Forex brokers usually offer direct market access through ECN or STP facilities.
  4. ASIC allows leverage for forex and CFD trading up to 30:1.

Continue Reading at UK FCA vs ASIC, Which Forex Regulator is More Reliable?


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