Forex Brokers That Accept Mastercard Payment Method for Deposit and Withdrawal

Loyalty programs can keep traders staying and actively trading with their broker. Basically, the broker will give their clients rewards in many forms based on the points they accumulated through trading.

Some of the popular methods are cash rewards, gifts, lower spreads, bonuses, commissions, and many more. The idea is to keep the trader satisfied and continue to invest their money in the broker.

Continue Reading at Trade Now and Get Rewards from TMGM Loyalty Program

True ECN brokers do not profit from spreads but charge commission fees on each traded lot. The spreads on ECN accounts fluctuate based on market conditions and align with prices provided by liquidity providers. In the case of ECN brokers, the commission fee is more critical than the spread.

Continue Reading at ECN vs Fixed Spread, Which Type is Better?

Forex brokers commonly implement KYC through various methods, including manual ID verification conducted by an internal team, the use of third-party ID verification services that automate the process, and pre-KYC screening to expedite data filtering and enhance efficiency.

Continue Reading at Is KYC Important in Forex Trading?

Legitimate brokers may decline withdrawal requests if traders have an ongoing trading position, often called a floating position.  Additionally, many brokers prohibit withdrawals with floating positions because removing funds can significantly reduce the free margin in your account, leaving you more vulnerable to a Margin Call (MC).

Continue Reading at Top 3 Forex Broker Rules Most Violated by Traders