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Why do bonus brokers become hidden fees unnoticed by traders?
- Normally, a trader has to trade with a certain number of volumes before withdrawing the profits derived from the no deposit bonus.
- A welcome bonus requires a deposit from a trader for getting this bonus.
- The deposit match bonus typically has a minimum deposit requirement, a maximum limit, and the broker matches a trader's deposit at a preset percentage, typically ranging from 30% to 300%.
Bonus schemes from forex brokers have some requirements regarding how much your initial deposit should be or how much you need to trade if you intend to withdraw profits. The requirements may be okay for some traders, but some others may see them as a source of frustration.
Continue Reading at Exposing Forex Broker Secrets
How to prove a broker's licensing claim?
Normally, a regulated broker will have a license number. Traders can check out the legitimacy of the number through the official website of the said regulator. If the number doesn't exist or is registered under a completely different company, there is a chance that it might be a scam.
Continue Reading at 4 Signs to Recognize Forex Broker Scams
Is there a broker that supports one click trading?
Of course. Here are some of them:
Continue Reading at All You Need to Know About One Click Trading
How do Dealing Desk brokers operate?
A Dealing Desk broker sets both the bid and asks prices on their systems and makes transactions at these prices with their clients. By doing so, the broker acts as the liquidity provider of the market.
This broker type is also sometimes called a B Book broker. To generate income, Dealing Desk brokers would charge spread to their customers. Spread is the difference between the ask and bid price and is often fixed by the market maker.
Usually the spread amount is usually quite reasonable due to tough competition with other market makers.
Continue Reading at 5 Signs Your Broker Trades Against You