Forex Brokers That Accept Mybank 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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A Dealing Desk broker sets both the bid and asks prices on their systems and makes transactions at these prices with their clients. By doing so, the broker acts as the liquidity provider of the market.
This broker type is also sometimes called a B Book broker. To generate income, Dealing Desk brokers would charge spread to their customers. Spread is the difference between the ask and bid price and is often fixed by the market maker.
Usually the spread amount is usually quite reasonable due to tough competition with other market makers.
Continue Reading at 5 Signs Your Broker Trades Against You
Earnforex has sorted out current forex broker awards into three categories:
- The highest tier (trusted) awards are organized by renowned and highly reputable publications such as FXStreet.
- 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
- 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
Negative Balance Protection (NBP) requires brokers to diligently monitor and manage trading accounts. Brokers must take action when a client's account balance falls into negative territory. They typically reset the account balance to zero or set a margin closeout rule at 50%, and any negative amounts are reimbursed once all open positions have been settled.
Continue Reading at All You Need to Know About Negative Balance Protection
All brokers regulated by the CFTC can be verified through the National Futures Association (NFA) website. You can search for a specific company by inputting its business name, usually found at the bottom of a forex broker's homepage.
Continue Reading at 6 Best Forex Broker Regulators in the World