A trader’s success is heavily dependent on selecting the proper Forex broker from a directory since the terms of trade, the trading platform’s functional capabilities and each client’s growth potential are all influenced by the broker. That is why you should begin with a regulated forex broker that offers you the most alternatives and optimum conditions.
Who is a Forex broker?
It is a company that provides trading services to customers in the Forex market. Services are available via 3 ways: online, over the phone, or through its offices. The company provides all necessary tools for trading including financial instruments, charting tools and analysis options, etc. It does not provide direct access to the market but it has an agreement with a market maker or a counterparty in order to provide this service.
Forex Scam Definition
A Forex trading scams is a scheme that scammers use to cheat Forex traders by claiming to offer a trading system that will allow them to earn a high profit within a short period of time. According to CFTC (Commodity Futures Trading Commission), Forex scams became a common fraud type in early 2008. It certainly doesn’t mean that any online trading platform that claims high profit is a scam. That’s because high profits are possible, but promising easy and quick cash to every user is not.
Complete Forex Brokers List
Are you looking for a reputable firm’s forex broker list? If you’re thinking about working with a certain broker, we recommend that you read the full dossier. You may learn the most recent client feedback on trading in this company by reading through each broker’s profile.
The Traders Union is the most trusted source on the Forex market for assessing brokers because we have access to superior data, that is, our traders’ experience. We also have access to all brokers’ internal data thanks to hundreds of thousands of Trader members who participate in the Traders Union. And if you are doing crypto trading, you can check https://www.bitconnect.co/ trading bot to earn more.