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What to consider before opening your own brokerage?
Opening a brokerage involves various steps, including legal and regulatory requirements, technology setup, and client acquisition. The specifics can vary based on your location and target market.
Continue Reading at What You Need to Know Before Starting Your Own Brokerage
What are brokers operating under ESMA?
Many forex brokers are imposed to ESMA's new rules as most popular brokers come from the European Area. Many of them have been working with multiple licenses to maintain their global operation. Some examples are:
- Admiral Markets
- Exness
- eToro
- Plus500
- IG
- XTB
- AvaTrade
- FxPro
- NordFX
- TriumphFX
- Saxo Bank
- Interactive Brokers
- CMC Markets
Continue Reading at ESMA Regulations for Retail and Professional Traders
Why day trader can't use any brokers out there?
Another important point about day trading is the right broker because not all brokers are ideal for day trading due to the high volume of trades involved. In this case, traders have to carefully those who have platforms built to cater to the needs of day traders, advanced charting tools, and make it possible to place and modify complex orders in quick time.
This is why brokers with high speed, low costs of executing trades, and reliability are more suited to the high volume trades that are constantly seen with day trading.
Continue Reading at Is IC Markets Good for Day Trading?
What brokers provide deposits and withdrawals via Skrill?
- IC Markets: If you fund your capital using Skrill on IC Markets, it will be processed instantly, but they only accept AUD, USD, JPY, EUR, SGD, and GBP currencies.
- FP Markets: In this broker, Skrill payments only accept USD, EUR, and GBP currencies.
- FBS: Skrill deposits are free, but there's a 1% commission for withdrawals.
- HF Markets: The minimum deposit is $10 and will be processed within 10 minutes with no fee.
- OctaFX: If you keep your funds in your Skrill account in Euro, depositing the OctaFX Euro account requires no conversion.
- Vantage: Payment using Skrill in this broker only accepts USD, EUR, GBP, and CAD currencies that will be processed within 24 business hours.
Continue Reading at Skrill for Forex Traders: Benefits and Brokers to Choose