How to Spot an Unregulated or Scam Forex Broker?

[Abdulmajidkhs]

Wow ...never miss to read this interesting article..
There are hundreds of Forex brokers, and new ones pop up all the time. This makes it hard for traders, especially beginners, to find the best brokerage and puts them at the broker's mercy when it comes to honesty and openness.

How to Spot an Unregulated or Scam Forex Broker?

There are hundreds of Forex brokers, and new ones pop up all the time. This makes it hard for traders, especially beginners, to find the best brokerage and puts them at the broker's mercy when it comes to honesty and openness.

www.wikifx.com

 

[Hev_Leo26]

1.) Check for transparency about costs and information on the broker's website. If they don't list these things, they're hiding something.
2.) Check online for feedback. If it's bad or there is none, move on.
3.) Read their terms & conditions to look for anything that stands out - also, check for hidden fees for inactivity or account maintenance.