Forex brokers with multiple licenses may be more capable than forex brokers with a single license. But multiple licenses do not guarantee trustworthiness. The best option is to register with a trusted forex broker officially licensed in your own country.

Moreover, not all forex brokers with multiple licenses can be ranked equally. ABC broker that holds only two licenses from the UK and Australia may have more credibility than its rival that holds five licenses from offshore authorities. See the examples below.

Continue Reading at Guide to Forex Brokers with Multiple License

There are several ways you can determine whether a broker is problematic or not. After all, there are some conditions that may not be the broker's fault. Here are the ways you can do:

1. Determine the problem first. Is it really the broker's fault, or are there other factors involved?
2. Make sure you have followed the rules. If you did, but still encounter issues, then it might be the broker that is the cause. 
3. Ask the broker's customer support, with some proofs.
4. Consult with other traders.

If it's proven that the broker is the root of the problem, take immediate action and look for another reliable broker.

Continue Reading at How to Deal with Problematic Brokers in 6 Easy Steps

Believe it or not, you can ask the broker directly. Some ECN/STP brokers openly state that they mark up spreads because they feel they have the right to do so.

You can also check the authenticity of spreads from an ECN/STP broker that (perhaps) covers up its spread mark-up by directly comparing the broker's spread with the actual market spread.

Continue Reading at Forex Broker Cheats and How to Anticipate Them

There are several common modus operandi in the industry, such as:

1. Purposefully executing and filling your orders at worse prices (artificial slippage).
2. Sending out your orders to be executed by their affiliated liquidity providers.
3. Disproportionate swaps fee.

Continue Reading at Can ECN Brokers Cheat on You?