Forex Brokers That Accept Przelewy24 Payment Method for Deposit and Withdrawal

Another important point about day trading is the right broker because not all brokers are ideal for day trading due to the high volume of trades involved. In this case, traders have to carefully those who have platforms built to cater to the needs of day traders, advanced charting tools, and make it possible to place and modify complex orders in quick time.  

This is why brokers with high speed, low costs of executing trades, and reliability are more suited to the high volume trades that are constantly seen with day trading.

Continue Reading at Is IC Markets Good for Day Trading?

Offshore brokers refer to brokers who are established in countries other than your country of residence. Most commonly, it is referred to brokers who are located in areas away from mainlands such as in islands and other small, secluded countries. Saint Vincent and Grenadines is one of the popular places for offshore brokers to build their companies.

In theory, they are just like any other broker. They provide their services by acting as a middleman between you and the financial asset you wish you trade with. They offer you their services for a certain amount of spread or commission which varies by the asset being traded. However, with rewards also comes a reasonable amount of risk.

Continue Reading at Trading in an Offshore Broker: Pros and Cons

Some of the top regulatory agencies in the world include:

• The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the United Kingdom
• The Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA) in the United States
• The Swiss Financial Market Supervisory Authority (FINMA) in Switzerland
• The Australian Securities and Investments Commission (ASIC) in Australia
• The Financial Services Agency of Japan (JFSA) in Japan
• The Cyprus Securities and Exchange Commission (CySEC) in Cyprus

If the broker you use is regulated by one of the regulatory agencies above, you can be confident that it is safe. The reason is that these regulatory agencies have strict requirements that brokers must meet to be licensed.

Only the most reputable and trustworthy brokers can obtain a license.

Continue Reading at How to Avoid Forex Broker Scams

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