Forex Broker Categories

Basically, if the broker's "licensed", then it's just as good as "regulated". It means that the broker has obtained a license to operate as a broker in the country and is protected by its laws. Just like regulated brokers, if there is a legal issue, it will be resolved in the area of origin of the broker's license.

Continue Reading at Forex Regulation Insights: Defining Your Broker's Status

Dealing desk brokers are financial intermediaries that facilitate trades by taking the opposite side of their clients' positions. They often profit from the spread between the buying and selling prices they offer to traders.

Continue Reading at Are Market Maker Brokers Always Bad?

This is the type of blacklisted broker that will grab your money very quickly and fly away at night to evade their responsibility. They come fast, and they go even faster if they have already got what they want.

On their website, they will write bogus claims of easy and big profits, or anything that could attract you into investing with them. But once you make a deposit, they will disappear either by declaring bankruptcy or announcing nothing at all.

Visiting their website will be pointless because at this point it has already closed down. In fact, this type of scam is so ubiquitous that many websites are launched and closed down within less than a year.

Continue Reading at Top Blacklisted Forex Brokers You Should Avoid

1. Does the broker support Indian local currency?
2. Does the country's regulatory body license it?
3. Is the Indian language on the website available?
4. Does it have a physical office in India?
5. Does it support local deposit and withdrawal options?
6. Does it have an Indian phone number or email?
7. Does it have a local webinar program or seminar for Indian traders?
8. Does it provide bonus/promotion programs for Indian clients?

You don't have to look for a broker with all the characteristics above. In fact, brokers with 3-4 criteria are already sufficient for Indian traders; just make sure the brokers at least support INR account currency.

Continue Reading at Top Forex Brokers in India