Forex Brokers That Accept Poli Payments Payment Method for Deposit and Withdrawal

To avoid being scammed by a malicious broker, here are some red flags that you need to watch out for:

• The broker seems to enforce the get-rich mentality to new clients and encourage them to invest a lot of money.
• The broker promises a high return or success.
• There is little, ambiguous, or no contact and background information on the broker.
• The broker constantly promotes unsolicited marketing.
• There are negative reviews from previous clients and market regulators about the broker.

It is worth mentioning that apart from brokers, you should also be aware of scammers that disguise themselves as professional traders, law firms, and other entities that claim to be a part of the government's services.

Continue Reading at Do You Have to Trade with Regulated Brokers?

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

Try to find reviews about your broker and their bonuses to get a better understanding of what you are getting into. Look for the good and the bad, the do's and the don'ts, etc.

Don't be hasty and try to surf the internet for a while and come back when you have a better idea. Looking at the track records of your broker is recommended, make sure they are regulated and not a scammer.

Continue Reading at What You Need to Do in Choosing the Best Forex Bonus

Forex brokers in the US are expected to have at least $20 million in operational capital. 

Continue Reading at Comparing US and Offshore Forex Brokers