Forex Brokers That Accept China Union Pay Payment Method for Deposit and Withdrawal

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?

Generally, there are five major factors to consider when choosing a broker and they are:

1. Level of regulation: You need to know if the broker is subject to the regulations of the Central Bank of Nigeria and if they operate accordingly. A lack of regulation should be a red flag and set off alarm bells in your mind.
2. Trading platform: How does the trading platform look? Is there a registration number on the website that can be verified? Is a demo account available where you can test strategies and other account features?
3. Currency pairs being offered: What kind of currency pairs does the broker have on offer? Is it just the minor pairs or exotic pairs that have low liquidity? Are major pairs that have high liquidity and are more profitable available?
4. Account features: how are charges and commissions deducted and what are the percentages? What kind of leverage and margin accounts are offered? And what are the terms of deposit and withdrawal? 
5. Customer service: Is the customer service reliable? Can they provide succinct answers to your inquiries?

Continue Reading at Identifying Fake Forex Brokers in Nigeria

None at all. All welcome bonuses from the 5 brokers cannot be withdrawn immediately but must be used for trading first. It is the profits earned that can be withdrawn.

Continue Reading at USD30 Welcome Bonuses by Forex Brokers in 2023

Yes, it might be.

You may receive a phone call asking for more deposits or more frequent trade. This is possible as your contact information is accessible to the company.

Thus, your data may facilitate the broker to contact you by email or cell phone, urging you to be more speculative and increasing your risks in the market.

Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker