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Recognizing the best forex brokers is not just a matter of identity and basic trading needs. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.

The table below provides what may be necessary for your journey in finding the most ideal broker. Remember to always put your conditions at the front when choosing a forex broker.


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Score Broker Payment Country Min Deposit Max Leverage
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Awards are advantageous for forex brokers. On the other hand, there are people who are willing to provide them for underqualified entities in exchange for cash. 

For forex brokers, awards fulfill multiple marketing needs:

  1. To win accolades from the organizer's publicity.
  2. To enrich their own advertising materials.
  3. To obtain high-quality backlinks from news websites and other publications that publicize the award.
  4. To attain a degree of credibility in the eyes of potential clients.

Continue Reading at Forex Broker Awards: All You Need to Know

Not only holds a license from local agencies like LFSA, a good broker for Malaysian traders should operate in the country and has a headquarter or at least a branch office there. This is to strengthen their presence in the Malaysian finance industry as well as optimize their service for clients who need offline consultations.

Malaysia is globally known as a Muslim country that has anchored Islam in its constitution as a state religion. Therefore, it is crucial for a forex broker in Malaysia to ensure that their service adheres to Sharia Law. This is usually accommodated into an Islamic or swap free account that eliminates swap rates for overnight positions.

Continue Reading at Top Forex Brokers for Malaysian Traders

Nevertheless, there are some things that traders just simply have to do by themselves. Some of them are:

1. Choose trustworthy, bonafide, and properly regulated forex brokers.

2. Seek brokers with two-factors authentication.

3. Change passwords regularly.

4. Don't believe in email easily.

5. Update anti-virus and anti-malware regularly.

Continue Reading at Hacking Attacks on Forex Brokers, What to Do?

Because of its nature, many brokers set some definitions and limitations for applying a scalping strategy. A forex broker may arrange terms such as the minimum pips for every stop loss and profit target, the minimum duration of a holding position, or other terms related to scalping. Although most brokers now allow their clients to apply the scalping method freely, some prohibit the strategy strictly.

Furthermore, some brokers may say that they allow scalping but then set some limitations for clients' orders that are suspected of practicing scalping. This usually results in brokers' intervention, resulting in clients' loss. In other words, some brokers may try to discourage scalping indirectly by using hidden strategies that put their clients at a disadvantage.

Continue Reading at The Secrets of Successful Scalping Strategy


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