Forex Brokers That Accept Yoomoney Payment Method for Deposit and Withdrawal

Earnforex has sorted out current forex broker awards into three categories:

1. The highest tier (trusted) awards are organized by renowned and highly reputable publications such as FXStreet.
2. Medium-tier (expos and conventions) such as Finance Magnates Summits and iFX Expo. The organizers themselves are reputable, and there are some rather tough qualifications for forex brokers who want to participate
3. Lowest tier (dubious awards), including magazines and broker rating websites such as World Finance Magazine, International Business Magazine, Financial Derivative Magazine, and so on.

Continue Reading at Forex Broker Awards: All You Need to Know

1. RoboForex
2. Tickmill
3. JustMarkets
4. Windsor Broker
5. Baxia Markets

Continue Reading at USD30 Welcome Bonuses by Forex Brokers in 2023

Forex brokers can be categorized into several types, each serving a distinct group of traders:

1. Prime Brokers: These brokers are primarily used by professional and experienced traders.

2. PoP (Prime of Prime) Brokers: PoP brokers primarily cater to retail traders and deal directly with liquidity providers.

3. STP (Straight Through Processing) Brokers: STP brokers often label themselves ECN or STP model brokers and aim to provide direct access to the market without a dealing desk.

4. DD (Dealing Desk) Brokers: DD brokers create their market and act as the liquidity provider.

Continue Reading at Trading Commission Based on Forex Broker Types

Ideally, a broker that is good for day trading should offer trading tools and reliable market execution. These conditions will ensure that traders are well-equipped to come up with potential entry and exit points for their trades that will increase their chances of making profits. The ideal broker should also be well-regulated and fully authorized to operate in whatever country they are located.

Continue Reading at Is OANDA Good for Day Trading?