FxGrow Promotion

Regardless of what methods they use, you can identify blacklisted forex brokers with these suspicious attributes:

1. Promises of big profits
2. Claims of no risks
3. No reputable regulation
4. Unprofessional practices
5. Questionable platforms
6. Fake rating
7. 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:

1. My broker holds at least one license from reputable regulators such as FCA, ASIC, CFTC, etc.
2. My broker's website has an SSL certificate.
3. My broker offers reliable trading platforms such as MT4, MT5, cTrader, etc.
4. My broker does not interfere with the withdrawal of my funds.
5. My broker does not ask me about my debit/credit card information.
6. My broker does not make unrealistic promises and claims.
7. My broker has quick and responsive customer support.
8. My broker receives great ratings and reviews from multiple reliable and independent sources.
9. My broker accepts payment with standard methods, such as Visa/Mastercard, Wire Transfer, PayPal, or Skrill.
10. 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

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 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

Here are some tips for avoiding problems with Forex bonuses:

• Read the terms and conditions.
• Put your strategy first.
• Focus on profit.
• Try trading contests.
• Be a smart trader.

Continue Reading at How to Successfully Use a Forex Broker Bonus