Forex Brokers That Accept Yoomoney 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.
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What are forex brokers' terms on scalping?
Because of its nature, many brokers set some definitions and limitations for applying a scalping strategy. A forex broker may arrange terms such as the minimum pips for every stop loss and profit target, the minimum duration of a holding position, or other terms related to scalping. Although most brokers now allow their clients to apply the scalping method freely, some prohibit the strategy strictly.
Furthermore, some brokers may say that they allow scalping but then set some limitations for clients' orders that are suspected of practicing scalping. This usually results in brokers' intervention, resulting in clients' loss. In other words, some brokers may try to discourage scalping indirectly by using hidden strategies that put their clients at a disadvantage.
Continue Reading at The Secrets of Successful Scalping Strategy
Is it legal using overseas brokers in Nigeria?
As mentioned above, Nigeria has a poorly regulated financial market. There's no prohibition to trade with overseas forex brokers as there's no locally-regulated forex broker either. Therefore, you can legally trade with any overseas forex broker.
Most Nigerian forex traders are registered with European or MENA-based online brokerage companies.
Continue Reading at Forex Trading Facts in Nigeria
What are the benefits of using Skrill in forex brokers?
- Very fast. Using Skrill won't take much time because every transaction is processed instantly.
- Transparent. Skrill offers a transparent report that is published weekly or monthly.
- Accepted by many brokers. It won't be difficult for you to find a decent broker that accepts deposits and withdrawals via Skrill.
- Free service. No matter the amount or the time you make the transactions, there won't be any fees charged.
- Special privileges. Many brokers have partnerships with Skrill and there are extra advantages that come with it. The rewards can be free credits, bonuses, or interesting trading features.
Continue Reading at Skrill for Forex Traders: Benefits and Brokers to Choose
How to identify blacklisted brokers?
Regardless of what methods they use, you can identify blacklisted forex brokers with these suspicious attributes:
- Promises of big profits
- Claims of no risks
- No reputable regulation
- Unprofessional practices
- Questionable platforms
- Fake rating
- No SSL certificates
Whether you have already signed up to a forex broker or are about to commit yourself to one, here we provide you with a checklist to assess the reliability of a broker:
- My broker holds at least one license from reputable regulators such as FCA, ASIC, CFTC, etc.
- My broker's website has an SSL certificate.
- My broker offers reliable trading platforms such as MT4, MT5, cTrader, etc.
- My broker does not interfere with the withdrawal of my funds.
- My broker does not ask me about my debit/credit card information.
- My broker does not make unrealistic promises and claims.
- My broker has quick and responsive customer support.
- My broker receives great ratings and reviews from multiple reliable and independent sources.
- My broker accepts payment with standard methods, such as Visa/Mastercard, Wire Transfer, PayPal, or Skrill.
- My broker does not rely on its operation around additional services like binary options, PAMM, etc.
Continue Reading at Top Blacklisted Forex Brokers You Should Avoid
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