Forex Broker Categories - The Ultimate Compilation for Your Trading

There are two agents that brokers usually use:

• 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. 

Continue Reading at Introducing Broker and White Label: What's the Difference?

Not only holds a license from local agencies like LFSA, a good broker for Malaysian traders should operate in the country and has a headquarter or at least a branch office there. This is to strengthen their presence in the Malaysian finance industry as well as optimize their service for clients who need offline consultations.

Malaysia is globally known as a Muslim country that has anchored Islam in its constitution as a state religion. Therefore, it is crucial for a forex broker in Malaysia to ensure that their service adheres to Sharia Law. This is usually accommodated into an Islamic or swap free account that eliminates swap rates for overnight positions.

Continue Reading at Top Forex Brokers for Malaysian Traders

As a general guideline, using a demo account for at least a few weeks can give traders a reasonable idea of a broker's quality. However, it's essential to remember that a demo account may not fully replicate the experience of live trading, as there can be differences in order execution, slippage, and liquidity between the two environments. 

Continue Reading at How Long Should You Trade on Demo Account?

• Forex Deposit Bonus
  A forex deposit bonus is closely related to the deposit you make. Normally, you need to make a deposit on the website of your chosen broker. 
  
  
• Forex No Deposit Bonus
  Forex no deposit bonus can be a solution if you don't want to risk too much money for trading. In short, you will be given money by your broker to make your first trade.
  
  
• Welcome Forex Bonus
  This type of bonus is dedicated to new clients, therefore you can't get this promo if you're a regular client. 
  
  
• Special VIP and Regular Customer Bonus
  Usually, brokers will reward their loyal clients with bonuses, as well as their VIP clients. Normally you need to stay active on the broker for some time to claim the bonus. 
  
  
• Pending Forex Bonus
  Just like the name suggests, you can't use this bonus immediately after you receive it. However, you can claim it once you do a particular action on your broker's platform. 
  
  
• Forex Reload Bonus
  This bonus is dedicated to regular clients. Usually, the broker will give you the bonus on the second deposit and after. 

Continue Reading at What You Need to Do in Choosing the Best Forex Bonus