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How does PAMM benefit Asian traders?
PAMM allows Asian traders to invest their funds with Money Managers who manage trades on their behalf. Money Managers earn a percentage of the profits. Many brokers with a significant Asian clientele, including HF Markets, InstaForex, and FXOpen, offer PAMM services.
Continue Reading at Top 5 Broker Tools for Asian Traders
How can brokers manipulate spreads?
Unregulated brokers sometimes mess around with the spreads. They didn't just do this for minor currencies, but sometimes also in major currency trades.
Forex brokers can use many reasons for doing this. They can blame the liquidity provider or a news release for unreasonably widening the spreads.
Continue Reading at 5 Times Forex Brokers Can Be Annoying
What are European-based Russian brokers?
Several forex companies of Russian origin have moved to Europe -mainly Cyprus and the UK in order to ease global expansion. Here are some of them that might be good for you:
- Exness
Exness is authorized and regulated across Europe through MiFID II. Exness is very suitable for traders with low capital requirement and various account offerings. - XM Group
XM Group is authorized and regulated by the Cyprus Securities and Exchange Commission (CySec), legitimizing its operations across Europe. - Alpari
A few years ago, Alpari was the most famous Russian forex broker worldwide. Its popularity dropped following tragic losses suffered by its UK entity in 2015. Currently, Alpari only registered in Belarus and St Vincent and the Grenadines. Nevertheless, Alpari is still one of the favorite brokers for Eastern European and Russian residents.
Continue Reading at Best Forex Brokers in Russia