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Forex Brokers That Accept Moneygram Payment Method for Deposit and Withdrawal


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

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We have made a list of the best forex brokers in Nigeria:

  1. IC Markets: Best for commission trading.
  2. FXTM: Regulated forex broker with various educational events.
  3. HF Markets: Popular broker with attractive bonus programs.
  4. OctaFX: Best broker for easy deposit and withdrawal.
  5. XM: Best broker with low spreads.
  6. Exness: Great for professional traders.
  7. AvaTrade: Multi-regulated forex broker.
  8. FP Markets: Suitable for advanced traders.
  9. FBS: Popular broker with diverse trading instruments.

Continue Reading at Best Forex Brokers in Nigeria

Market makers are the parties that provide liquidity and quote both the buy and sell rates. They can be individuals, brokers, banks, hedge funds, and other financial firms. Large banks in particular are the master market makers.

One simple example of the market-making practice is a foreign exchange transaction in a local bank. This is very similar to the business activity of market makers in forex trading. Let's see the illustration below.

Dolan is in need of USD currency for a trip to the USA. He carries the local currency EUR to Bank Z to be exchanged with USD. In this case, Dolan wants to buy USD and Bank Z makes the market by selling USD and buying EUR.

One month later, Dolan returns home and wants to exchange his remaining USD with EUR. He visits Bank Z again, and this time Bank Z makes the market by buying USD and selling EUR.

Here, Bank Z generates profits from the differences between the sell rate and buy rate.

Continue Reading at Are Market Maker Brokers Always Bad?

Nowadays, the risks of forex broker scams keep increasing. A Segregated Account in a forex broker can make the management of the client account more accessible and more precise.

Continue Reading at What is a Segregated Account in Forex Brokers?

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?