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What are the signs of a fly-by-night broker?
This is the type of blacklisted broker that will grab your money very quickly and fly away at night to evade their responsibility. They come fast, and they go even faster if they have already got what they want.
On their website, they will write bogus claims of easy and big profits, or anything that could attract you into investing with them. But once you make a deposit, they will disappear either by declaring bankruptcy or announcing nothing at all.
Visiting their website will be pointless because at this point it has already closed down. In fact, this type of scam is so ubiquitous that many websites are launched and closed down within less than a year.
Continue Reading at Top Blacklisted Forex Brokers You Should Avoid
Why should I choose a broker with a segregated account?
Nowadays, the risks of forex broker scams keep increasing. A Segregated Account in a forex broker can make the management of the client account more accessible and more precise.
Continue Reading at What is a Segregated Account in Forex Brokers?
How do brokers differ from market makers?
They are different in terms of service. A broker makes money by bringing together assets to buyers and sellers. Meanwhile, a market maker helps create a market for investors to buy or sell securities.
Continue Reading at What Does a Market Maker Do Behind You?
What aspects should you consider in choosing brokers for hedging?
Here are some things to look for when choosing a forex broker for hedging:
- Low spreads
- High leverage
- Good execution
- Competitive fees
Continue Reading at Introduction to Forex Hedging Strategy