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All brokers regulated by the CFTC can be verified through the National Futures Association (NFA) website. You can search for a specific company by inputting its business name, usually found at the bottom of a forex broker's homepage.

Continue Reading at 6 Best Forex Broker Regulators in the World

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

Forex brokers, especially market makers are typically aware that most newbies are inexperienced, and there's a high chance that they're going to misuse the leverage. Thus, they usually offer high leverage to attract new clients.

In other words, many market makers are using high leverage as a part of their marketing offers. They'd invite you to take a lot of risks, knowing that it's not a good move to do especially if you're starting. 

Continue Reading at 5 Signs Your Broker Trades Against You