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Additional FAQ

To avoid being scammed by a malicious broker, here are some red flags that you need to watch out for:

  • The broker seems to enforce the get-rich mentality to new clients and encourage them to invest a lot of money.
  • The broker promises a high return or success.
  • There is little, ambiguous, or no contact and background information on the broker.
  • The broker constantly promotes unsolicited marketing.
  • There are negative reviews from previous clients and market regulators about the broker.

It is worth mentioning that apart from brokers, you should also be aware of scammers that disguise themselves as professional traders, law firms, and other entities that claim to be a part of the government's services.

Continue Reading at Do You Have to Trade with Regulated Brokers?

Collect all relevant documents, communications, and transaction records related to the scam. 

Some evidence you can gather are:

  • Screenshot of your trades
  • Communication records
  • Account statements
  • Transaction history
  • Terms and conditions of your broker
  • Testimonials from other traders

Continue Reading at How to Recover from Forex Broker Scams

Nowadays, the risks of forex broker scams keep increasing. A Segregated Account in a forex broker can make the management of the client account more accessible and more precise.

Continue Reading at What is a Segregated Account in Forex Brokers?

There are two steps you may take to avoid falling prey to artificial slippage:

  1. Steer clear of stop orders and make use of limit orders instead.
  2. Add decreased slippage parameters to your expert advisors (in case you are using EA).

Continue Reading at Can ECN Brokers Cheat on You?