Forex Brokers That Accept Eazzypay Payment Method for Deposit and Withdrawal

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?

Here are a few of the best brokers that Singaporean traders use:

• OANDA: Regulated by MAS (200704926K).
• Plus500: Regulated under MAS (201422211Z).
• Saxo Broker: Regulated by MAS under license number (200601141M).
• Interactive Broker: MAS-regulated broker under license number (CMS100917).
• City Index: MAS regulations with license number (201130598R).
• AvaTrade: Offers SGD trading and local customer support.
• FBS: Offers local customer support for Singaporean traders.

Continue Reading at Top Forex Brokers in Singapore

1. Old scam
   At their most common form, forex broker scams involved the manipulation of the spread. The point spread between the bid and the ask can be seen as a reflection of the commission of a transaction.
2. Modern scam
   Computers do most of these systems, hence the name "robot" system. If the system can't detect valid signals, it will generate random buy and sell entries, which often cause traders to lose.

Continue Reading at Beware the Trap of Money Game in Forex Brokers

There are at least three skills that you need to have to avoid scams:

1. First, you must be able to identify a regulated broker authorized by a trusted regulator. It is essential to check this aspect at the start because if the broker's not regulated to begin with, then there is a higher chance of low-quality services that lead to financial loss.
2. Second, you should be realistic while scanning through any broker's promotions and bonuses. Scammers tend to over-promising by offering unrealistic deals to get more clients.
3. Lastly, you need to understand how forex broker scams usually cheat on their clients. You will get to know their characteristics and, therefore, avoid them as best as you can.

Continue Reading at 5 True Stories of Forex Broker Scams