Forex Brokers That Accept Western Union Payment Method for Deposit and Withdrawal

In America, each legal company must register themselves at the CFTC. However, not all companies registered there are forex brokers; it could be a business company, publishing company, and so on.

Continue Reading at Forex Regulation Insights: Defining Your Broker's Status

To be successful, your broker should be:

• Allows a minimum deposit of USD50.
• Provides trading with micro lots (0.01).
• Charges no commission.
• Offers low spreads (less than 2 pips for major pairs).

Continue Reading at A Story of Making Forex Profit with Small Capital

You can make a complaint with the regulatory authorities governing the forex market in your jurisdiction, such as  FCA, ASIC, CFTC, or CySEC.

If you made any payments or transactions through banks or payment processors, inform them about the fraudulent activities. They may be able to provide assistance or initiate an investigation into the scammer's accounts.

Continue Reading at How to Recover from Forex Broker Scams

Unlike fly-by-night brokers and pyramid schemes, bucket shops do have functioning trading activities, albeit for malicious intents.

Bucketing itself refers to practices by which brokers illegally generate profits from their clients' trades, such as frequent price misquotes or re-quotes,s in order executions, etc.

For example, a trader executes a buy position of EUR/USD at 0.8294. The broker confirms the transaction has been made while the truth is the order will be executed later when the price is at 0.8298.

The difference of 4 pips is kept by the broker as their own profit; a fact that will never be revealed to the trader.

Continue Reading at Top Blacklisted Forex Brokers You Should Avoid