Forex Broker Categories

1. Does the broker support Indian local currency?
2. Does the country's regulatory body license it?
3. Is the Indian language on the website available?
4. Does it have a physical office in India?
5. Does it support local deposit and withdrawal options?
6. Does it have an Indian phone number or email?
7. Does it have a local webinar program or seminar for Indian traders?
8. Does it provide bonus/promotion programs for Indian clients?

You don't have to look for a broker with all the characteristics above. In fact, brokers with 3-4 criteria are already sufficient for Indian traders; just make sure the brokers at least support INR account currency.

Continue Reading at Top Forex Brokers in India

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

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

Negative Balance Protection (NBP) requires brokers to diligently monitor and manage trading accounts. Brokers must take action when a client's account balance falls into negative territory. They typically reset the account balance to zero or set a margin closeout rule at 50%, and any negative amounts are reimbursed once all open positions have been settled.

Continue Reading at All You Need to Know About Negative Balance Protection