Forex Brokers That Accept Wechat 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
How do ECN brokers cheat on traders?
There are several common modus operandi in the industry, such as:
- Purposefully executing and filling your orders at worse prices (artificial slippage).
- Sending out your orders to be executed by their affiliated liquidity providers.
- Disproportionate swaps fee.
Continue Reading at Can ECN Brokers Cheat on You?
Why forex industry in Nigeria is dominated by international forex brokers?
Local brokerage executives and regular traders in Nigeria believe that forex traders will be safe trading within their own risk limits. Many traders in these countries feel safe when trading with foreign brokers.
They feel safe because the international brokers they use is a European broker and is regulated by European regulators. Despite this, trading experts in Nigeria believe that the notion would only apply to experienced traders; beginners would still be at high risk as they tend to be gullible.
Continue Reading at Is It Safe to Trade Forex in Nigeria?
Which brokers are regulated in Singapore?
There are plenty of popular brokers regulated by MAS in Singapore. Here are some of them:
- OANDA Asia Pacific Pte. Ltd.
- Interactive Brokers
- Goldman Sachs (Singapore) Pte.
- Citigroup Global Markets Singapore Pte. Ltd.
- CMC Markets Singapore Pte Ltd
- and many more
Continue Reading at Forex Trading in Singapore: 5 Facts You Need to Know
Why does a change in payment method indicate broker red flags?
The payment method will determine how much fees and commission you will have to prepare when you will receive your funds, and how secure the process is.
You may rely on one payment method that you consider low-priced and fast.
However, due to a certain reason, a broker decided to remove your reliable payment method and you are then in a queue for a wire transfer which is expensive.
It would be wise to maintain your preference by switching to another broker.
Continue Reading at Broker Red Flags: Signs You Should Leave Your Broker
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