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Additional FAQ

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

Withdrawal issues are the most common problems with brokerage companies. On the other hand, making deposits usually comes smoothly because no one will deny taking your money. That is why it is crucial to check a broker's withdrawal and read the user reviews on that matter before opening an account. 

Continue Reading at eToro Withdrawal: Limit, Fees, and How-to

  1. RoboForex
  2. Tickmill
  3. JustMarkets
  4. Windsor Broker
  5. Baxia Markets

Continue Reading at USD30 Welcome Bonuses by Forex Brokers in 2023

Regardless of what methods they use, you can identify blacklisted forex brokers with these suspicious attributes:

  1. Promises of big profits
  2. Claims of no risks
  3. No reputable regulation
  4. Unprofessional practices
  5. Questionable platforms
  6. Fake rating
  7. No SSL certificates

Whether you have already signed up to a forex broker or are about to commit yourself to one, here we provide you with a checklist to assess the reliability of a broker:

  1. My broker holds at least one license from reputable regulators such as FCA, ASIC, CFTC, etc.
  2. My broker's website has an SSL certificate.
  3. My broker offers reliable trading platforms such as MT4, MT5, cTrader, etc.
  4. My broker does not interfere with the withdrawal of my funds.
  5. My broker does not ask me about my debit/credit card information.
  6. My broker does not make unrealistic promises and claims.
  7. My broker has quick and responsive customer support.
  8. My broker receives great ratings and reviews from multiple reliable and independent sources.
  9. My broker accepts payment with standard methods, such as Visa/Mastercard, Wire Transfer, PayPal, or Skrill.
  10. My broker does not rely on its operation around additional services like binary options, PAMM, etc.

Continue Reading at Top Blacklisted Forex Brokers You Should Avoid


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