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.
Visa/Mastercard, P2P cards, Credit/debit cards, Crypto, Ethereum, Litecoin, Bitcoin Cash, Tether TRC20, Zcash, USD Coin, Tether ERC20, Perfect Money, AdvCash, Web Money, M-Pesa, EazzyPay, Airtel Money, Tigo Pesa, OnlineNaira, Banks of Malaysia, Banks of Indonesia, Banks of Vietnam, Banks of the Philippines, Banks of Thailand, Banks of Nigeria, Local depositor, Local payment systems
Introducing Broker (IB): A separate third party that aims to introduce the broker's services to new clients with rewarding commissions.
White Label (WL): A business arrangement where a company has an exclusive partnership with a forex broker to use their trading platform and technology to offer trading services under the company's own brand.
Several downsides of scalping make brokers forbid this practice, including the risk of overloading the servers. Aggressive scalpers can even open multiple positions within minutes. The broker's server can be overloaded if many scalpers perform that action several times daily.
To avoid scam brokers who often intervene in clients' orders. NDD brokers usually channel their clients' orders directly to the market or bigger NDD brokers. In this case, clients do not trade against the broker but directly against the market.
Furthermore, the spread in NDD brokers normally follows the real market's fluctuation but is generally lower than in other brokers. Some broker variants categorized under the NDD brokers are STP (Straight Through Processing), ECN (Electronic Communication Network), and DMA (Direct Access Market).