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What are the benefits of loyalty program for brokers?
Loyalty programs can keep traders staying and actively trading with their broker. Basically, the broker will give their clients rewards in many forms based on the points they accumulated through trading.
Some of the popular methods are cash rewards, gifts, lower spreads, bonuses, commissions, and many more. The idea is to keep the trader satisfied and continue to invest their money in the broker.
Continue Reading at Trade Now and Get Rewards from TMGM Loyalty Program
What broke criteria should you chose for trading with small capital?
To be successful, your broker should be:
- Allows a minimum deposit of USD50.
- Provides trading with micro lots (0.01).
- Charges no commission.
- Offers low spreads (less than 2 pips for major pairs).
Continue Reading at A Story of Making Forex Profit with Small Capital
My broker is registered in Vanuatu, what should I do?
If you are trading with a multi-licenses forex broker, then you could take it easy. Your broker most likely only seeks VFSC licenses in order to smooth their international operation, while providing services in accordance with higher requirements set upon by better regulatory agencies.
There's a significantly different consideration if you are trading with a single-license forex broker (and the license in question comes from VFSC). It is possible to trade with them for some time with minimum capital, but it is not advisable to continue working with them in the long term. Do yourself a favor by moving your funds to better-regulated forex brokers.
Continue Reading at What Does VFSC Regulation Mean for Forex Brokers?
What brokers provide deposits and withdrawals via Skrill?
- IC Markets: If you fund your capital using Skrill on IC Markets, it will be processed instantly, but they only accept AUD, USD, JPY, EUR, SGD, and GBP currencies.
- FP Markets: In this broker, Skrill payments only accept USD, EUR, and GBP currencies.
- FBS: Skrill deposits are free, but there's a 1% commission for withdrawals.
- HF Markets: The minimum deposit is $10 and will be processed within 10 minutes with no fee.
- OctaFX: If you keep your funds in your Skrill account in Euro, depositing the OctaFX Euro account requires no conversion.
- Vantage: Payment using Skrill in this broker only accepts USD, EUR, GBP, and CAD currencies that will be processed within 24 business hours.
Continue Reading at Skrill for Forex Traders: Benefits and Brokers to Choose