Forex Brokers That Accept Yandex.money Payment Method for Deposit and Withdrawal

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

Forex broker commission is a transaction fee traders must pay, often for each lot traded. This fee is essentially an integral part of a trader's regular expenses. The commission serves as a source of income for the broker and is also used to compensate their trading partners, such as liquidity or technology providers.

Continue Reading at Trading Commission Based on Forex Broker Types

Here are some helpful tips to find out a forex broker that accepts Neteller payment:

1. Check the payment method page or the section that explicitly explains the deposit and withdrawal methods.
2. If a broker provides Neteller as the payment method, it will show the service's logo on the main page (usually near the footer area). You can also check the FAQ section about funding, deposit, withdrawal, and payment methods.
3. Check the Exclusive Offers page. Brokers accepting Neteller usually display some information about offers on certain platforms that are supported.

Continue Reading at Using Neteller for Forex Trading

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?