Forex Brokers That Accept Mpesa Payment Method for Deposit and Withdrawal
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.
Scroll for more details
Score | Broker | Payment | Country | Min Deposit | Max Leverage |
---|
Where can scam brokers be reported?
You can make a complaint with the regulatory authorities governing the forex market in your jurisdiction, such as FCA, ASIC, CFTC, or CySEC.
If you made any payments or transactions through banks or payment processors, inform them about the fraudulent activities. They may be able to provide assistance or initiate an investigation into the scammer's accounts.
Continue Reading at How to Recover from Forex Broker Scams
What are the role of awards for forex brokers?
Awards are advantageous for forex brokers. On the other hand, there are people who are willing to provide them for underqualified entities in exchange for cash.
For forex brokers, awards fulfill multiple marketing needs:
- To win accolades from the organizer's publicity.
- To enrich their own advertising materials.
- To obtain high-quality backlinks from news websites and other publications that publicize the award.
- To attain a degree of credibility in the eyes of potential clients.
Continue Reading at Forex Broker Awards: All You Need to Know
What does it take for forex brokers to operate in UAE?
All brokers that operate in the UAE must be regulated and obtain a license either from the SCA, Central Bank, or other regulatory authorities. They should also comply with Sharia law, which means that certain operational requirements must be fulfilled.
In addition, any non-resident international entity or forex broker that wishes to offer its service within the Emirates should have a local or domestic representative in the country, either in the mainland or in any financial zone. So before they can operate, they must be listed under the SCA or DFSA and gain approval from either of them.
Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)
Is it true that all brokers are basically market makers?
The majority of forex brokers are hybrids that provide market maker, STP, and ECN conditions all at once. Even if brokers implement the STP/ECN model, their liquidity providers are still market makers.
Thus, it is not wrong to say that all forex brokers are basically "market makers". Therefore, based on this label, we cannot determine a broker's quality.
Continue Reading at Are Market Maker Brokers Always Bad?
Payment
Broker Categories