Demo Account Guide
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Forex Brokers That Accept Wire Transfers Payment Method for Deposit and Withdrawal

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Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

The downside of using wire transfer is it will take more time to accomplish the process. Usually, the process takes about 1 to 5 business days. This method also requires a decent cost. So, if you commit using this payment method, you need to be patient and consider not making frequent transactions.


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Additional FAQ

Ideally, a broker that is good for day trading should offer trading tools and reliable market execution. These conditions will ensure that traders are well-equipped to come up with potential entry and exit points for their trades that will increase their chances of making profits. The ideal broker should also be well-regulated and fully authorized to operate in whatever country they are located.

Continue Reading at Is OANDA Good for Day Trading?

  1. Promising a fixed return
  2. Can't provide any track record
  3. Withdrawal difficulties
  4. Withdrawal process takes more than 10 business days
  5. Unclear regulations and office addres

Continue Reading at Beware the Trap of Money Game in Forex Brokers

Here are some factors that determine a broker's quality for scalping.

  1. Low spread: The spread will bring a very significant impact as scalpers could trade multiple positions during a short period of time.
  2. Complete trading tools: Scalpers are always more focused on the action and reaction pattern of the price movement from time to time. Therefore, they need a complete and qualified technical analysis feature. 
  3. Allow scalping: Scalping can be restricted or not allowed in some brokers, so it's important to make sure that your broker has no certain conditions on the strategy.

Continue Reading at The Secrets of Successful Scalping Strategy

Normally, a regulated broker will have a license number. Traders can check out the legitimacy of the number through the official website of the said regulator. If the number doesn't exist or is registered under a completely different company, there is a chance that it might be a scam.

Continue Reading at 4 Signs to Recognize Forex Broker Scams