Forex Brokers That Accept Wechat 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.
Scroll for more details
- Slippage: You should be cautious if the slippage happens very frequently and ends up negative most of (if not all) the time.
- Spoofing: It consists of developing a fake interest in a currency pair by placing phony orders on them without the actual purpose of trading that currency in the future.
- False spikes: Unethical brokers make use of this feature by fabricating price surges in order to trick unsuspecting traders into placing orders.
- Stop hunting: They bring the prices to a point close to the stop loss order that forces you to exit the trade, after which they push the prices to move in the opposite direction.
- Front running: When a trader indicates that they intend to make an order, the broker immediately places their own order to profit from any changes in pricing.
Continue Reading at Can Brokers Manipulate Charts?
Because of its nature, many brokers set some definitions and limitations for applying a scalping strategy. A forex broker may arrange terms such as the minimum pips for every stop loss and profit target, the minimum duration of a holding position, or other terms related to scalping. Although most brokers now allow their clients to apply the scalping method freely, some prohibit the strategy strictly.
Furthermore, some brokers may say that they allow scalping but then set some limitations for clients' orders that are suspected of practicing scalping. This usually results in brokers' intervention, resulting in clients' loss. In other words, some brokers may try to discourage scalping indirectly by using hidden strategies that put their clients at a disadvantage.
Continue Reading at The Secrets of Successful Scalping Strategy
- Windsor Broker
- Baxia Markets
Continue Reading at USD30 Welcome Bonuses by Forex Brokers in 2023
Brokers usually do not attach specific requirements for the withdrawal of bonus profits because they are purely derived from the trader's hard work.
So if you focus on withdrawing this bonus profit, you will benefit more because you can make a profit from the extra money and not be burdened by the obligation to trade some ridiculously huge lots.
Continue Reading at How to Avoid Bonus Withdrawal Problems