List of Established Forex Brokers

Spreads in trading can differ from one brokerage to another. Brokers aim to attract traders by offering lower spreads, which can make trading more cost-effective.

Continue Reading at Hidden Costs in Forex Trading You Should Be Aware of

1. Try again. You've already had the experience now and can choose better.
2. If necessary, check them out with your local financial authorities, and ask what they can do if you are scammed again.
3. Manage your money better, don't put them all in one basket. In addition to that, there are several things you can do to protect yourself further.
4. Take immediate steps to protect your financial accounts and personal information.
5. Contact family, friends, or support groups to share your experience and seek emotional support.
6. Learn from the scam experience by educating yourself about common fraud tactics, warning signs, and ways to protect yourself in the future.
7. Use the experience as an opportunity for personal growth and learning.
8. Recognize that scams can happen to anyone, and it does not reflect your intelligence or competence.

Continue Reading at How to Recover from Forex Broker Scams

There are many brokerage companies that suit the criteria, but these names are often stated as some of the most popular (if not the best) ones:

1. Exness: Known for instant withdrawals and significant growth in volume trading during recent years.
2. FBS: Possibly provides the most flexible trading conditions in the industry, and is trusted by millions of traders.
3. eToro: A hybrid market maker broker renowned for offering one of the most widely recognized social trading platforms globally.
4. AvaTrade: Having amassed a global clients of over 400,000, this company conducts an impressive volume of 2 million transactions per month.
5. XM: With the capacity to attract over 5 million clients from around the globe, this company executes an astounding 2.4 billion trades.
6. CMC Markets: Recognized as the top market maker broker for forex trading, it generated an impressive revenue of £461.3 million in 2021.
7. Interactive Brokers: The go-to market maker for professional traders.
8. IG: The parent company recorded an annual revenue of £863.0 million in 2021 and boasts a market value of £2.9 billion.

Continue Reading at Are Market Maker Brokers Always Bad?

Basically, if the broker's "licensed", then it's just as good as "regulated". It means that the broker has obtained a license to operate as a broker in the country and is protected by its laws. Just like regulated brokers, if there is a legal issue, it will be resolved in the area of origin of the broker's license.

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