Forex Brokers That Accept Bpay Payment Method for Deposit and Withdrawal

Unregulated brokers sometimes mess around with the spreads. They didn't just do this for minor currencies, but sometimes also in major currency trades.

Forex brokers can use many reasons for doing this. They can blame the liquidity provider or a news release for unreasonably widening the spreads.

Continue Reading at 5 Times Forex Brokers Can Be Annoying

As mentioned above, Nigeria has a poorly regulated financial market. There's no prohibition to trade with overseas forex brokers as there's no locally-regulated forex broker either. Therefore, you can legally trade with any overseas forex broker.

Most Nigerian forex traders are registered with European or MENA-based online brokerage companies. 

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Yes, forex brokers definitely often contact you to offer their services. They will use 100% of their persuasion skill to ensure you create the live account and start trading. Sometimes they will also persuade you to invest more.

If you are smart or lucky enough not to put in your phone number, then it will be your email instead. There will be tons and lots of newsletters, either once per day or even more than that.

Of course, they must do this since they can't reach you over the phone to promote their sales.

Continue Reading at 5 Times Forex Brokers Can Be Annoying

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?