Forex Brokers That Accept Mybank Payment Method for Deposit and Withdrawal

All brokers that operate in the UAE must be regulated and obtain a license either from the SCA, Central Bank, or other regulatory authorities. They should also comply with Sharia law, which means that certain operational requirements must be fulfilled.

In addition, any non-resident international entity or forex broker that wishes to offer its service within the Emirates should have a local or domestic representative in the country, either in the mainland or in any financial zone. So before they can operate, they must be listed under the SCA or DFSA and gain approval from either of them.

Continue Reading at Best Forex Brokers in United Arab Emirates (UAE)

Here are some helpful tips to find out a forex broker that accepts Neteller payment:

1. Check the payment method page or the section that explicitly explains the deposit and withdrawal methods.
2. If a broker provides Neteller as the payment method, it will show the service's logo on the main page (usually near the footer area). You can also check the FAQ section about funding, deposit, withdrawal, and payment methods.
3. Check the Exclusive Offers page. Brokers accepting Neteller usually display some information about offers on certain platforms that are supported.

Continue Reading at Using Neteller for Forex Trading

ECN (Electronic Communication Network) brokers are forex brokers that display bid/ask prices based on live price streams from liquidity providers. Traders prefer ECN brokers, especially those with trading systems requiring high accuracy in pricing and order execution because ECN brokers offer transparency and live, unmanipulated pricing.

Continue Reading at ECN vs Fixed Spread, Which Type is Better?

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?