HF Markets Promotion

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

There are four things we could check to recognize broker scams:

1. Sensasional ads: They tend to promise a big number, sometimes unrealistic.
2. Unproven regulations: Check out whether they are regulated and whether their regulations are legit.
3. Untraceable contact: Find out if they have a legit communication line or real address.
4. Bad reviews: Look at what people say about them.

Continue Reading at 4 Signs to Recognize Forex Broker Scams

Generally, there are five major factors to consider when choosing a broker and they are:

1. Level of regulation: You need to know if the broker is subject to the regulations of the Central Bank of Nigeria and if they operate accordingly. A lack of regulation should be a red flag and set off alarm bells in your mind.
2. Trading platform: How does the trading platform look? Is there a registration number on the website that can be verified? Is a demo account available where you can test strategies and other account features?
3. Currency pairs being offered: What kind of currency pairs does the broker have on offer? Is it just the minor pairs or exotic pairs that have low liquidity? Are major pairs that have high liquidity and are more profitable available?
4. Account features: how are charges and commissions deducted and what are the percentages? What kind of leverage and margin accounts are offered? And what are the terms of deposit and withdrawal? 
5. Customer service: Is the customer service reliable? Can they provide succinct answers to your inquiries?

Continue Reading at Identifying Fake Forex Brokers in Nigeria