Forex Brokers That Accept Local Depositor Payment Method for Deposit and Withdrawal

Please note that not all unregulated brokers are bad. There are many reasons why a broker decides to stay unregulated. For instance, some brokers might still be working towards obtaining a license from a regulator. It's worth mentioning that the cost of obtaining a license might be millions, so not all brokers can afford that from the start. Obtaining a license also takes a relatively long process, so the broker may be waiting for its license to be released.

Continue Reading at Do You Have to Trade with Regulated Brokers?

Earnforex has sorted out current forex broker awards into three categories:

1. The highest tier (trusted) awards are organized by renowned and highly reputable publications such as FXStreet.
2. Medium-tier (expos and conventions) such as Finance Magnates Summits and iFX Expo. The organizers themselves are reputable, and there are some rather tough qualifications for forex brokers who want to participate
3. Lowest tier (dubious awards), including magazines and broker rating websites such as World Finance Magazine, International Business Magazine, Financial Derivative Magazine, and so on.

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

Regardless of what methods they use, you can identify blacklisted forex brokers with these suspicious attributes:

1. Promises of big profits
2. Claims of no risks
3. No reputable regulation
4. Unprofessional practices
5. Questionable platforms
6. Fake rating
7. No SSL certificates

Whether you have already signed up to a forex broker or are about to commit yourself to one, here we provide you with a checklist to assess the reliability of a broker:

1. My broker holds at least one license from reputable regulators such as FCA, ASIC, CFTC, etc.
2. My broker's website has an SSL certificate.
3. My broker offers reliable trading platforms such as MT4, MT5, cTrader, etc.
4. My broker does not interfere with the withdrawal of my funds.
5. My broker does not ask me about my debit/credit card information.
6. My broker does not make unrealistic promises and claims.
7. My broker has quick and responsive customer support.
8. My broker receives great ratings and reviews from multiple reliable and independent sources.
9. My broker accepts payment with standard methods, such as Visa/Mastercard, Wire Transfer, PayPal, or Skrill.
10. My broker does not rely on its operation around additional services like binary options, PAMM, etc.

Continue Reading at Top Blacklisted Forex Brokers You Should Avoid

There are 4 types of forex brokers scam you should aware of, such as:

1. Fake brokers
2. Copycat brokers
3. Money game brokers
4. Cheating brokers

Continue Reading at 4 Common Types of Forex Broker Frauds