Forex Brokers That Accept Google Pay Payment Method for Deposit and Withdrawal
Recognizing the best forex brokers is not just a matter of identity and basic trading needs. You may need to compare some of them to have more clarity when browsing through some information on forex brokers.
The table below provides what may be necessary for your journey in finding the most ideal broker. Remember to always put your conditions at the front when choosing a forex broker.
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Additional FAQ
Why do some brokers offer extremely high leverage?
Forex brokers, especially market makers are typically aware that most newbies are inexperienced, and there's a high chance that they're going to misuse the leverage. Thus, they usually offer high leverage to attract new clients.
In other words, many market makers are using high leverage as a part of their marketing offers. They'd invite you to take a lot of risks, knowing that it's not a good move to do especially if you're starting.
Continue Reading at 5 Signs Your Broker Trades Against You
How to validate a broker regulated by the CFTC?
All brokers regulated by the CFTC can be verified through the National Futures Association (NFA) website. You can search for a specific company by inputting its business name, usually found at the bottom of a forex broker's homepage.
Continue Reading at 6 Best Forex Broker Regulators in the World
What are the examples of good market maker brokers?
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:
- Exness: Known for instant withdrawals and significant growth in volume trading during recent years.
- FBS: Possibly provides the most flexible trading conditions in the industry, and is trusted by millions of traders.
- eToro: A hybrid market maker broker renowned for offering one of the most widely recognized social trading platforms globally.
- AvaTrade: Having amassed a global clients of over 400,000, this company conducts an impressive volume of 2 million transactions per month.
- XM: With the capacity to attract over 5 million clients from around the globe, this company executes an astounding 2.4 billion trades.
- CMC Markets: Recognized as the top market maker broker for forex trading, it generated an impressive revenue of £461.3 million in 2021.
- Interactive Brokers: The go-to market maker for professional traders.
- 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?
What is forex broker commission, and why do traders have to pay it?
Forex broker commission is a transaction fee traders must pay, often for each lot traded. This fee is essentially an integral part of a trader's regular expenses. The commission serves as a source of income for the broker and is also used to compensate their trading partners, such as liquidity or technology providers.
Continue Reading at Trading Commission Based on Forex Broker Types
Broker Categories
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Instruments Traded
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