Mar 05 2018 at 13:47
ricki72 posted:
hmm since many of the rating sites are sponsored by more or less dubious brokers, i just trust on of them:
https://www.forexpeacearmy.com/
Agreed
Spreads is mainly considered as an important financial tool which an investor should consider when choosing a broker. We the traders who are particularly scalpers have to choose the broker which always makes sure lowest trading spreads which is very supportive to make profit with certainly by scalping.
Personally I don’t trust any broker, because when I was a novice trader then I tried with multiple trading robots with high cost! But the results were horrible! I lost my trading capital for 3 times in a row! This is way, now I trade manually based on current fundamental data!
Don't blame the broker it was probably the robots
Mar 30 2018 at 19:27
Pandapaws posted:
Don't blame the broker it was probably the robots
exactly
Mar 30 2018 at 19:31
If you’re intending to trade with a broker licensed within the EU, keep in mind that ESMA just issued a ban against binary options broker as well as a set of restrictions on CFDs. (https://www.forexbrokerz.com/news/ESMA-bans-binary-options-sets-restrictions-on-CFDs-for-retail-clients)
The restrictions on CFDs include leverage limits on opening positions; a margin close out rule on a per account basis; a negative balance protection on a per account basis; preventing the use of incentives by a CFD provider; and a standardized risk warning.
To be more precise, the leverage limits on the opening of a position by a retail clients will range from 1:30 to 1:2, depending on the underlying asset.
The restrictions on CFDs include leverage limits on opening positions; a margin close out rule on a per account basis; a negative balance protection on a per account basis; preventing the use of incentives by a CFD provider; and a standardized risk warning.
To be more precise, the leverage limits on the opening of a position by a retail clients will range from 1:30 to 1:2, depending on the underlying asset.
mlawson71 posted:
If you’re intending to trade with a broker licensed within the EU, keep in mind that ESMA just issued a ban against binary options broker as well as a set of restrictions on CFDs. (https://www.forexbrokerz.com/news/ESMA-bans-binary-options-sets-restrictions-on-CFDs-for-retail-clients)
The restrictions on CFDs include leverage limits on opening positions; a margin close out rule on a per account basis; a negative balance protection on a per account basis; preventing the use of incentives by a CFD provider; and a standardized risk warning.
To be more precise, the leverage limits on the opening of a position by a retail clients will range from 1:30 to 1:2, depending on the underlying asset.
Good advice!
Trade safely... Remember, a high Drawdown means a high risk!
According to my trading experience I know, most of them are found to be scams. and lots of brokers we have right now. But if you are active in Forum communities, then it is possible to make sure a best trading platform with surely.
Apr 08 2018 at 06:13
UK’s Financial Conduct Authority (FCA) has published a warning against the forex and CFD broker KayaFX. As per usual, the warning is issued because KayaFX offers its services in the UK, without having the proper authorization. (https://www.forexbrokerz.com/news/UKs-FCA-warns-of-forex-CFD-broker-KayaFX)
The broker claims it is based in Tallinn, Estonia but there is no regulatory information available. The company owning the broker – GammaTech Services – has a license for a currency exchange from the country’s Ministry of Economy, but this does not mean the company is regulated.
The broker claims it is based in Tallinn, Estonia but there is no regulatory information available. The company owning the broker – GammaTech Services – has a license for a currency exchange from the country’s Ministry of Economy, but this does not mean the company is regulated.
