List of Experienced Forex Brokers

ECN (Electronic Communication Network) brokers are forex brokers that display bid/ask prices based on live price streams from liquidity providers. Traders prefer ECN brokers, especially those with trading systems requiring high accuracy in pricing and order execution because ECN brokers offer transparency and live, unmanipulated pricing.

Continue Reading at ECN vs Fixed Spread, Which Type is Better?

There are two steps you may take to avoid falling prey to artificial slippage:

1. Steer clear of stop orders and make use of limit orders instead.
2. Add decreased slippage parameters to your expert advisors (in case you are using EA).

Continue Reading at Can ECN Brokers Cheat on You?

A good broker must be able to ensure the safety of the client's funds. Aside from obtaining licenses from trusted authorities, it's also important to have preventive measures that could save traders from doom. One of the easiest examples is negative balance protection, which ensures that traders are never in debt with their broker. In other words, the trader's balance will never be negative. This is why it's an important aspect that every good broker must have.

Some traders may not find this feature that significant, but it's something that many people would be grateful for. The truth is that there have been many cases where traders ended up owing money to their brokers. To prevent a repetition of similar events, the availability of negative balance protection can be very helpful.

Continue Reading at 5 Things to Rate in Forex Brokers Quality

Legitimate brokers may decline withdrawal requests if traders have an ongoing trading position, often called a floating position.  Additionally, many brokers prohibit withdrawals with floating positions because removing funds can significantly reduce the free margin in your account, leaving you more vulnerable to a Margin Call (MC).

Continue Reading at Top 3 Forex Broker Rules Most Violated by Traders