Additional FAQ
What are European-based Russian brokers?
Several forex companies of Russian origin have moved to Europe -mainly Cyprus and the UK in order to ease global expansion. Here are some of them that might be good for you:
- Exness
Exness is authorized and regulated across Europe through MiFID II. Exness is very suitable for traders with low capital requirement and various account offerings. - XM Group
XM Group is authorized and regulated by the Cyprus Securities and Exchange Commission (CySec), legitimizing its operations across Europe. - Alpari
A few years ago, Alpari was the most famous Russian forex broker worldwide. Its popularity dropped following tragic losses suffered by its UK entity in 2015. Currently, Alpari only registered in Belarus and St Vincent and the Grenadines. Nevertheless, Alpari is still one of the favorite brokers for Eastern European and Russian residents.
Continue Reading at Best Forex Brokers in Russia
Is frequent spam calling a sign of broker red flags?
Yes, it might be.
You may receive a phone call asking for more deposits or more frequent trade. This is possible as your contact information is accessible to the company.
Thus, your data may facilitate the broker to contact you by email or cell phone, urging you to be more speculative and increasing your risks in the market.
Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker
Why are NDD brokers recommended for scalping?
To avoid scam brokers who often intervene in clients' orders. NDD brokers usually channel their clients' orders directly to the market or bigger NDD brokers. In this case, clients do not trade against the broker but directly against the market.
Furthermore, the spread in NDD brokers normally follows the real market's fluctuation but is generally lower than in other brokers. Some broker variants categorized under the NDD brokers are STP (Straight Through Processing), ECN (Electronic Communication Network), and DMA (Direct Access Market).
Continue Reading at The Secrets of Successful Scalping Strategy
Are forex brokers with multiple licenses more trustworthy?
Forex brokers with multiple licenses may be more capable than forex brokers with a single license. But multiple licenses do not guarantee trustworthiness. The best option is to register with a trusted forex broker officially licensed in your own country.
Moreover, not all forex brokers with multiple licenses can be ranked equally. ABC broker that holds only two licenses from the UK and Australia may have more credibility than its rival that holds five licenses from offshore authorities. See the examples below.
Continue Reading at Guide to Forex Brokers with Multiple License
Broker Categories
Minimun Deposit
Payment
License
Country
Established
Instruments Traded
Features
Trading Platform