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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
Are market makers and dealing desk brokers the same?
Market makers and dealing desk brokers are similar in that they both facilitate trades within their own platforms, but they are not exactly the same.
Market makers typically provide liquidity by creating a market for traders, while dealing desk brokers may take a more active role in managing orders, which can lead to potential conflicts of interest.
Continue Reading at Are Market Maker Brokers Always Bad?
How do ECN brokers cheat on traders?
There are several common modus operandi in the industry, such as:
- Purposefully executing and filling your orders at worse prices (artificial slippage).
- Sending out your orders to be executed by their affiliated liquidity providers.
- Disproportionate swaps fee.
Continue Reading at Can ECN Brokers Cheat on You?
Are all unregulated brokers bad?
Please note that not all unregulated brokers are bad. There are many reasons why a broker decides to stay unregulated. For instance, some brokers might still be working towards obtaining a license from a regulator. It's worth mentioning that the cost of obtaining a license might be millions, so not all brokers can afford that from the start. Obtaining a license also takes a relatively long process, so the broker may be waiting for its license to be released.
Continue Reading at Do You Have to Trade with Regulated Brokers?