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Why do spread vary among brokerages?
Spreads in trading can differ from one brokerage to another. Brokers aim to attract traders by offering lower spreads, which can make trading more cost-effective.
Continue Reading at Hidden Costs in Forex Trading You Should Be Aware of
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
What aspects should you consider in choosing brokers for hedging?
Here are some things to look for when choosing a forex broker for hedging:
- Low spreads
- High leverage
- Good execution
- Competitive fees
Continue Reading at Introduction to Forex Hedging Strategy
Why does a change in payment method indicate broker red flags?
The payment method will determine how much fees and commission you will have to prepare when you will receive your funds, and how secure the process is.
You may rely on one payment method that you consider low-priced and fast.
However, due to a certain reason, a broker decided to remove your reliable payment method and you are then in a queue for a wire transfer which is expensive.
It would be wise to maintain your preference by switching to another broker.
Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker
