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Forex Brokers Giving Interest on Funds

HOME / FEATURE INTEREST RATE ON FUNDS BROKERS

There are many ways a forex broker gives back to clients. Bonuses, promotions, referring rewards, and other related credits are common among them. However, what if you can get interest just by maintaining balance in your trading account? As keeping some balance in the account is already a basic trading activity, you don't have to put in extra effort or cost to get the interest.

If you ever wonder how such advantages exist and which forex brokers opt to "pay" their clients by giving interest on funds, here are some names for your recommendation.

 


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Additional FAQ

First, you can review the comparison between the broker's swap rates and the actual differences between the central bank's benchmark rates. If the comparison is not too drastic, then it can be concluded that your broker doesn't manipulate the swap rates.

However, if it is too extreme, this could be a sign that your broker is taking too much profit from overnight positions.

Continue Reading at Forex Broker Cheats and How to Anticipate Them

Affiliates can play a crucial role in growing a brokerage business by promoting the broker's services to a wider audience. To incentivize affiliates, brokerages offer proper commissions and provide them with the tools and resources to market the services effectively.

Continue Reading at What You Need to Know Before Starting Your Own Brokerage

To avoid scam brokers who often intervene in clients' orders. NDD brokers usually channel their clients' orders directly to the market or bigger NDD brokers. In this case, clients do not trade against the broker but directly against the market.

Furthermore, the spread in NDD brokers normally follows the real market's fluctuation but is generally lower than in other brokers. Some broker variants categorized under the NDD brokers are STP (Straight Through Processing), ECN (Electronic Communication Network), and DMA (Direct Access Market).

Continue Reading at The Secrets of Successful Scalping Strategy

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