The truth you are not Supposed to Know.
Our website was founded in order to Educate the Forex Traders, providing fair information about the Forex trading and trying to keep them away from the Scammers.
**This post is not an Introducing broker Or Affiliate Partner Of any brokerage Company.
What is Forex broker? Why is so Important and How can they Differs?
The Forex broker is firm that Provides access to do Trade on the Trading Platforms. At the same time, the choice of brokers is so Important because they are the first face for Us in the Forex Market.
Brokers Differ from each other, But How?
DIFFERENCES IN QUALITY OF FOREX BROKERS.
The forex brokers vary in terms of their approach towards clients. Among forex brokers, you can find the difference in fees, hidden fees (slippage)
Also, the fact is that some poor- quality forex retail brokers trade against their clients, misleads and manipulate the price action and delay in their order execution. Their Only Motto is the loss of their clients, which creates a profit for the broker. Such brokers Usually hunt stop losses, increase Slippage and do re-quotes or even some brokers Using slow freezing technologies and fill the order at a worse price.
Traders who trade with the Un-reliable brokers often have a problem with the withdrawal of their profits or even their whole deposits, while the quality brokers process all the transactions in few banking days.
So the difference between the brokers is truly gigantic!
The true hierarchy of the financial market and the Forex brokers Tactics will be continued on the Next Post.