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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
What are the best brokers in Nigeria?
We have made a list of the best forex brokers in Nigeria:
- IC Markets: Best for commission trading.
- FXTM: Regulated forex broker with various educational events.
- HF Markets: Popular broker with attractive bonus programs.
- OctaFX: Best broker for easy deposit and withdrawal.
- XM: Best broker with low spreads.
- Exness: Great for professional traders.
- AvaTrade: Multi-regulated forex broker.
- FP Markets: Suitable for advanced traders.
- FBS: Popular broker with diverse trading instruments.
Continue Reading at Best Forex Brokers in Nigeria
Why can't I get my money back in broker scam?
- The first reason is that forex investments generally don't receive the same protection in the eyes of the law compared to instruments like stocks and futures.
- The second reason is modern forex trading through the net, where people could easily get in and out, even erasing their trails.
- Third, forex traders often deal with foreign brokers, which means that fund reimbursement becomes more complicated due to legal differences.
Investopedia mentioned that US NFA settled 166 cases in 2008, but only 23% received lost funds.
Continue Reading at How to Recover from Forex Broker Scams