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How does PAMM benefit Asian traders?
PAMM allows Asian traders to invest their funds with Money Managers who manage trades on their behalf. Money Managers earn a percentage of the profits. Many brokers with a significant Asian clientele, including HF Markets, InstaForex, and FXOpen, offer PAMM services.
Continue Reading at Top 5 Broker Tools for Asian Traders
Firstly, you can start by trading with a small amount to test the broker.
While doing so, pay attention to the trading execution and monitor your progress regularly.
After that, try withdrawing your money.
If the broker takes a long time to process your request or even refuses to let you withdraw, then you might have run into a scam.
Continue Reading at How to Ensure Your Broker is Trustworthy
Which broker cases have been proven to be scams in real life?
Below are 5 real cases of scam brokers:
- 4XP Broker: FPA declared 4XP as a scam and blacklisted it
- SkyFx: After its owner was involved in illegal activities, CySEC no longer regulates SkyFX
- Forex-Metal: FPA confirmed the company as a scam after clients complained of withdrawal failure
- Masterforex (MFX Broker): Following suspicious investment, IFSC Belize announced that they had revoked MFX's license
- IronFX: In 2015, CySEC confirmed the broker for scams, but has not yet revoked its license
Continue Reading at 5 True Stories of Forex Broker Scams
