List of Growing Forex Brokers
Forex brokers with 5 years of experience or less offer more stability with the advantages from their initial years still remained. Their passing from the first two years proves their promising and competitive edge. At the same time, they normally want to maintain some attractive features for new clients to attract even more clients. Therefore, traders looking for beginner-friendly trading conditions are usually more adept with these kinds of brokers if they are afraid of depositing their money in some freshly launched brokers.
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Why is it important for day trader to choose low spread broker?
Given the importance of spreads in day trading, it is essential to find a broker that offers low spreads. Lower spreads can help day traders reduce their trading costs, which in turn can lead to increased profits.
It is noteworthy that IC Markets stands out in this regard because it offers lower spreads compared to its counterparts. For instance, the average spread on the EUR/USD for IC Markets' standard account is around 0.62 pips while FP Markets' is around 1.2 pips.
Continue Reading at Broker for Day Trading: FP Markets or IC Markets?
Why do brokers need to have a physical office?
Nowadays, it's easy to build a reputable website and manipulate the general overview of the website. As a result, scams in "online businesses" also pop out here and there.
That is why brokers with physical offices are more convincing.
Continue Reading at Beware the Trap of Money Game in Forex Brokers
How to avoid affiliated liquidity provider in ECN brokers?
In order to avoid such a disadvantage, we have to know who the broker's liquidity providers are and their shareholders. Regrettably, it is impossible.
Few regulators require brokers to declare their liquidity providers' information publicly, and even fewer brokers are open about their shareholding information.
Continue Reading at Can ECN Brokers Cheat on You?
Why do bonus brokers become hidden fees unnoticed by traders?
- Normally, a trader has to trade with a certain number of volumes before withdrawing the profits derived from the no deposit bonus.
- A welcome bonus requires a deposit from a trader for getting this bonus.
- The deposit match bonus typically has a minimum deposit requirement, a maximum limit, and the broker matches a trader's deposit at a preset percentage, typically ranging from 30% to 300%.
Bonus schemes from forex brokers have some requirements regarding how much your initial deposit should be or how much you need to trade if you intend to withdraw profits. The requirements may be okay for some traders, but some others may see them as a source of frustration.
Continue Reading at Exposing Forex Broker Secrets
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