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Forex Brokers That Accept Moneygram Payment Method for Deposit and Withdrawal

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Recognizing the best forex brokers is not just a matter of identity and basic trading needs. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.

The table below provides what may be necessary for your journey in finding the most ideal broker. Remember to always put your conditions at the front when choosing a forex broker.


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Score Broker Payment Country Min Deposit Max Leverage
514
Grand Capital
Grand Capital
MoneyGram
Russia
$10
1 : 500
468
AAFX Trading
AAFX Trading
MoneyGram
St. Vincent & the Grenadines
$100
1 : 2000


Additional FAQ

Brokers usually do not attach specific requirements for the withdrawal of bonus profits because they are purely derived from the trader's hard work.

So if you focus on withdrawing this bonus profit, you will benefit more because you can make a profit from the extra money and not be burdened by the obligation to trade some ridiculously huge lots.

Continue Reading at How to Avoid Bonus Withdrawal Problems

Forex broker commission is a transaction fee traders must pay, often for each lot traded. This fee is essentially an integral part of a trader's regular expenses. The commission serves as a source of income for the broker and is also used to compensate their trading partners, such as liquidity or technology providers.

Continue Reading at Trading Commission Based on Forex Broker Types

There are two agents that brokers usually use:

  • Introducing Broker (IB): A separate third party that aims to introduce the broker's services to new clients with rewarding commissions.
  • White Label (WL): A business arrangement where a company has an exclusive partnership with a forex broker to use their trading platform and technology to offer trading services under the company's own brand. 

Continue Reading at Introducing Broker and White Label: What's the Difference?

Some of these international forex brokers are HF Markets and Deriv. As one of the most used international brokers by Nigerian traders, HF Markets is regulated by the Financial Conduct Authority (FCA) in the UK, the FSCA of South Africa, and the Cyprus Security Exchange Commission (CySEC).

As for Deriv, it is regulated by the Malta Financial Services Authority (MFSA), the Vanuatu Financial Services Commission (FSC), the British Virgin Islands Financial Services Commission (FSA), and the Malaysian Labuan Financial Services Authority.

Continue Reading at Is It Safe to Trade Forex in Nigeria?