List of Growing Forex Brokers

Market makers and dealing desk brokers are similar in that they both facilitate trades within their own platforms, but they are not exactly the same.

Market makers typically provide liquidity by creating a market for traders, while dealing desk brokers may take a more active role in managing orders, which can lead to potential conflicts of interest.

Continue Reading at Are Market Maker Brokers Always Bad?

Here's what it means to be an ASIC-licensed forex broker currently:

1. All ASIC-licensed forex brokers are required to hold at least AUD1 million in operating capital.
2. Like FCA, ASIC will monitor the company continuously to ensure segregation of client funds, periodical report and audit, efficient management including AML and KYC procedures, and proper risk disclosure for clients.
3. ASIC Forex brokers are not allowed to have any conflict of interest with their customers. This is the reason why Australian Forex brokers usually offer direct market access through ECN or STP facilities.
4. ASIC allows leverage for forex and CFD trading up to 30:1.

Continue Reading at UK FCA vs ASIC, Which Forex Regulator is More Reliable?

1. Old scam
   At their most common form, forex broker scams involved the manipulation of the spread. The point spread between the bid and the ask can be seen as a reflection of the commission of a transaction.
2. Modern scam
   Computers do most of these systems, hence the name "robot" system. If the system can't detect valid signals, it will generate random buy and sell entries, which often cause traders to lose.

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

Here are the steps on how to check if a forex broker is regulated:

• Check the broker's website.
  
  
• Visit the regulatory agency's website.
  
  
• Contact the regulatory agency.
  
  

Continue Reading at How to Avoid Forex Broker Scams