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Given the importance of spreads in day trading, it is essential to find a broker that offers low spreads. Lower spreads can help day traders reduce their trading costs, which in turn can lead to increased profits.

It is noteworthy that IC Markets stands out in this regard because it offers lower spreads compared to its counterparts. For instance, the average spread on the EUR/USD for IC Markets' standard account is around 0.62 pips while FP Markets' is around 1.2 pips.

Continue Reading at Broker for Day Trading: FP Markets or IC Markets?

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?

1. Old scam
   At their most common form, forex broker scams involved the manipulation of the spread. The point spread between the bid and the ask can be seen as a reflection of the commission of a transaction.
2. Modern scam
   Computers do most of these systems, hence the name "robot" system. If the system can't detect valid signals, it will generate random buy and sell entries, which often cause traders to lose.

Continue Reading at Beware the Trap of Money Game in Forex Brokers

The payment method will determine how much fees and commission you will have to prepare when you will receive your funds, and how secure the process is.

You may rely on one payment method that you consider low-priced and fast.

However, due to a certain reason, a broker decided to remove your reliable payment method and you are then in a queue for a wire transfer which is expensive.

It would be wise to maintain your preference by switching to another broker.

Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker