VFSC Forex Brokers with the Fixed Spread
Fixed spread brings about an unparalleled advantage that can't be found in its more mainstream counterpart: stability in an ever-changing market that is the foreign exchange. If you are looking for a trading condition where the spread is not easily swayed by the volatility change in the market, fixed spread forex brokers may be the correct answer.
This list compiles some forex brokers offering fixed spread that can be put on your watchlist. More importantly, these brokers are regulated by VFSC who allows flexible trading conditions so you can expect little to no restrictions when it comes to trying out new strategies.
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Are there any genuine 1 pip fixed spread forex brokers?
There are none. Some brokers may offer fixed spread accounts, but they cannot guarantee a 1 pip fixed spread on all forex pairs as the market changes from time to time. Here are seven (7) fixed spread forex brokers and their current rates (as of April 28, 2023):
Continue Reading at 1 Pip Fixed Spread Forex Brokers: Are There Any?
Is it easy to get VFSC license?
Registering a license in VFSC is a truly simple process, implemented with low requirements for setup, where investor only needs to submit a register online, prove an initial capital fund of mere $2,000, pay some fees, and within a 2-3 month, the firm is licensed and registered as a legal forex brokerage.
The VFSC regulator does not demand any proof of company backgrounds, nor check the implementation of secure fund management or basic operation guidelines. They do not demand any regular reporting and never impose fines in case of fraud.
Continue Reading at 3 FSC Forex Regulations That You Should Know
How does fixed spread account operate?
A fixed spread account offers a constant or fixed spread on the markets, resulting in a slight price difference between the market and the broker's offered price. Fixed spread accounts are known for their stability, even during extreme market conditions, which is why they are termed "fixed." This stability reduces the risk of spread widening.
Continue Reading at Raw Spread Vs Fixed Spread: Which is the Best for Scalping?
Along with the Reserve Bank of Vanuatu, VFSC is responsible to enact legislation and supervisory activities on the following subjects:
- Anti-Money Laundering and Counter-Terrorism Financing
- Business Names Act
- Company and Trust Services Providers
- Charitable Associations (Incorporation)
- Credit Unions
- Dealers In Securities (Licensing)
- Electronic Transactions
- E-Business
- Financial Institutions
- International Banking
- International Companies
- Mutual Funds
- Offshore Limited Partnerships
- and many others.
Continue Reading at What Does VFSC Regulation Mean for Forex Brokers?
