Demo Account Guide
Demo Account Guide
R

GOMarkets Promotion

HOME / BROKER PROMOTION / GOMARKETS

Promotion Status
GO Partner Bonuses - Receive an extra bonus up to $5,000 expired

Additional FAQ

Here are some factors that determine a broker's quality for scalping.

  1. Low spread: The spread will bring a very significant impact as scalpers could trade multiple positions during a short period of time.
  2. Complete trading tools: Scalpers are always more focused on the action and reaction pattern of the price movement from time to time. Therefore, they need a complete and qualified technical analysis feature. 
  3. Allow scalping: Scalping can be restricted or not allowed in some brokers, so it's important to make sure that your broker has no certain conditions on the strategy.

Continue Reading at The Secrets of Successful Scalping Strategy

There are several checklists that a broker should have. Those are

  • Company
  • Website
  • Trading terminal
  • Liquidity
  • Office
  • Personnel

Continue Reading at What You Need to Know Before Starting Your Own Brokerage

FCA-licensed forex brokers are generally considered trustworthy, because:

  1. The company has fulfilled FCA's minimum capital requirement. A dealer's license that allows the company to run a "market maker" business needs EUR730,000. An intermediary license where the company could facilitate STP execution needs EUR125,000. The cheapest is a restricted broker license in which the company cannot hold client funds, as it only needs EUR50,000.
  2. FCA will monitor the company continuously to ensure the segregation of client funds, monthly report and audit, efficient management including AML and KYC procedures, and proper risk disclosure for clients.
  3. FCA-licensed forex brokers are prohibited from manipulative trade practices, such as entering into positions against their clients. Brokers also should not make unrealistic promises or offering monetary benefits to encourage clients to take risky trading decisions.
  4. FCA-licensed forex brokers should not offer extreme leverage. Since mid-2019, FCA requires brokers to limit leverage on CFD trading between 30:1 and 2:1.

Continue Reading at UK FCA vs ASIC, Which Forex Regulator is More Reliable?

The issues that are often mistaken for broker problems are interrupted trading orders, slippages, requotes, spread widening, and withdrawal issues.

In fact, most of these issues can be caused by market volatility.

Continue Reading at How to Deal with Problematic Brokers in 6 Easy Steps