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Forex Brokers That Accept Mybank 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
Additional FAQ

There are four things we could check to recognize broker scams:

  1. Sensasional ads: They tend to promise a big number, sometimes unrealistic.
  2. Unproven regulations: Check out whether they are regulated and whether their regulations are legit.
  3. Untraceable contact: Find out if they have a legit communication line or real address.
  4. Bad reviews: Look at what people say about them.

Continue Reading at 4 Signs to Recognize Forex Broker Scams

Traders will be able to take advantage of carry trades IF the broker applies swaps in accordance with each country's central bank benchmark rates. Which is actually unlikely.

Plus, terms and conditions on several brokers clearly spelled that they will hand you negative rates on overnight trades (add that with: no matter what the rate difference between currencies). Or alternatively, they hand you the negative rates but pocket the positive rates.

Continue Reading at Carry Trade In Forex Trading, Is It Possible?

  1. Does the broker support Indian local currency?
  2. Does the country's regulatory body license it?
  3. Is the Indian language on the website available?
  4. Does it have a physical office in India?
  5. Does it support local deposit and withdrawal options?
  6. Does it have an Indian phone number or email?
  7. Does it have a local webinar program or seminar for Indian traders?
  8. Does it provide bonus/promotion programs for Indian clients?

You don't have to look for a broker with all the characteristics above. In fact, brokers with 3-4 criteria are already sufficient for Indian traders; just make sure the brokers at least support INR account currency.

Continue Reading at Top Forex Brokers in India

Affiliates can play a crucial role in growing a brokerage business by promoting the broker's services to a wider audience. To incentivize affiliates, brokerages offer proper commissions and provide them with the tools and resources to market the services effectively.

Continue Reading at What You Need to Know Before Starting Your Own Brokerage


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