How to get the kinda information your broker is privvy to +forex

Is it possible to find a safe forex broker?

While you research for the forex scammer list, it is also necessary to find the best forex broker for safe trading. But if you can categorize the fake brokers, finding safe brokers will not be a problem. Therefore, we will share everything about the scammers as well as the things to look for to avoid scams.

How do forex brokers execute orders?

Forex brokers should provide clear disclosure to customers about how their orders are executed. It should be able to provide a document that’s usually called “ Order Execution Policy “. This document summarizes the process by which their trading platform executes your orders to obtain the best possible result for you.

What is the difference between a-book and B-book forex brokers?

An A-Book broker can still go against their customers’ interests as easily as a B-Book broker can. Any broker can withhold deposits, give poor pricing, manipulate order execution processes, and lie to customers. Regardless of the execution method of a forex broker, what ultimately matters is that the broker:

What should you look for when choosing a trading broker?

Having an explicit order execution policy, so you know how your orders will be handled, should be seen as a prerequisite before further evaluating a broker. The process followed for selecting the price sources used by the company.

How do I know if a forex broker is legit?

How Do I Know If a Forex Broker Is Legit? You can ask the broker for their Retail Foreign Exchange Dealer (RFED) number. You can also check with the National Futures Association or the Commodity Futures Trading Commission.

How does forex broker connect to TradingView?

log into TradingView with your credentials; go to and open the Trading Panel; select as a broker and log in using a live or demo account.

How do I report a forex scammer?

Call the CFTC at 866.366. 2382 or file a tip or complaint.

What broker do professional forex traders use?

What Brokers Do Professional Forex Traders Use? Professional retail forex traders may use any number of brokers, depending on individual preference. Oanda, IG, FxPro, and IC Markets are just some of the popular options.

How do I link my broker to TradingView?

2:449:57How To Connect A Broker To TradingView To Place Live TradesYouTubeStart of suggested clipEnd of suggested clipIf you click that it’s going to open the selection of brokers. You can use pepperstone here featuredMoreIf you click that it’s going to open the selection of brokers. You can use pepperstone here featured broker top left hit connect. So connect to now and there’s a kind of confirmation.

Which broker is best on TradingView?

TradingViewBroker AwardsBroker of the Year 2021. TradeStation. King of the Hill.Most Popular Broker 2021. OANDA. … Social Champion 2021. FXCM. … Most Innovative Tech 2021. … Best Multi-Asset Broker 2021. TradeStation. … Best Forex Broker 2021. OANDA. … Best Futures Broker 2021. Tradovate. … Best Crypto Broker or Exchange 2021. BingX.

How do I report a fake broker?

File a Complaint Use FINRA’s online form to report any potentially fraudulent or suspicious activities by brokerage firms or brokers.

Do brokers trade against you?

So whenever you sell, they must buy from you, and vice versa. In other words, they are trading against you and your losses are often equal to their profits. As a result, the market maker model generates a conflict of interest between brokers and their clients.

How do I know if my broker is regulated?

Verification can be done by performing a quick search on the FCA’s website. You can search by name or by number and check if the regulatory information on the broker’s website matches. If the broker is listed, make sure to verify the contact details listed are what’s listed on the company’s website.

Do forex brokers lose money?

Most Forex traders fail. This is fact. As stated, the consensus on the conservative side is that 70% to 80% of all Forex traders lose money and this number can go as high as 90%!

Who is the Most Trusted forex broker?

Best Forex BrokersBest Forex Brokers.CMC Markets: Best Overall and Best for Range of Offerings.London Capital Group (LCG): Best for Beginners.Saxo Capital Markets: Best for Advanced Traders.XTB Online Trading: Best for Low Costs.IG: Best for U.S. Traders.Pepperstone: Best for Trading Experience.More items…

Do banks trade your money in forex?

Commercial & Investment Banks Big banks account for a large percentage of total currency volume trades. Banks facilitate forex transactions for clients and conduct speculative trades from their own trading desks.

What are Forex Scams or Foreign Exchange Fraud?

Forex scams or foreign exchange fraud is a kind of trading scheme the targets the traders to defraud them. The scammers usually convince the forex traders by offering high-profit expectations from the trading market. Fraudulent activity in the currency market became common in early 2008.

What is forex signal?

Forex Signals are a sort of subscription to get selling or buying alerts for the forex trading market. Scamming through the forex signals is almost identical to the forex robot scam. The only exception is that you have to pay a regular subscription fee to buy and sell the alerts.

What is forex robot?

The forex robot is basically a computer-made algorithm that is programmed in a way that can do trading-related jobs on behalf of the traders. Moreover, some robots can even help to make forex trading strategies.

When a broker offers a lucrative service, should you ask for proof?

When a broker offers a lucrative service, you should ask for proof. Relying on the brokers’ presented data can be vague. Hence, you might ask for more proof of their claims. That’s how you can protect yourself from the list of forex scams brokers. If the broker can produce reasonable proof, you may get convinced.

How do brokers earn commission?

Usually, brokers earn a commission from trading activity . Therefore, brokers tend to work on unnecessary buy or sell or influence traders to trade to earn commission from trading. This kind of activity is known as churning.

How to tell if a broker is a scam?

It is another way to identify fraudulent behavior. Persistent and unsolicited marketing falls under this. If you see some broker push you to purchase a service or a product within a short period of time and information, it can be a good sign that the broker may turn out as a scammer. No broker should or can push you to buy something. So, you have to be careful if such a broker has personal information from you. It is because you may become a victim of identity theft. If you feel anything pushy and uncomfortable, you should do that immediately.

What is Ponzi scheme?

Ponzi schemes are usually a type of fake investment management firm. Unlike the pyramid scheme, people don’t pay any fees. Instead, the investors will put their money into a scheme. The owner will attract the investors to invest through a forex expert or guru. The experts are also known as forex money managers.

How Pricing Works on Exchanges

To help you better understand why it’s important to understand the significance of the FX market being an OTC market, let’s compare this to an exchange-based market like the U.S. stock market.

How Pricing Works in the Forex Market

In an exchange-based market, there is a “single market” that allows everyone to all interact at the same prices.

How Retail Forex Brokers Source Their Prices

Reputable forex brokers will base their price on the prices of other FX participants, usually banks and other non-bank financial institutions (NBFIs) from the institutional FX market.

Be Careful of Price Manipulation

Potential conflicts of interest arise from the lack of transparency in the pricing of FX contracts.

How to Make Sure You Get Fair Pricing

As retail traders, we expect that the prices quoted will closely follow the underlying market.

3. All You Need is the Right Trading Strategy

Even the most profitable trading system ever created won’t work for you, unless it resonates with your Trading Personality.

4. Dealing Desk Brokers Trade Against You (and Cheat)

Again, there may be shady brokers in some parts of the world that do this. So do your research before sending a broker money.

7. More Knowledge is Better

Some traders get stuck in education mode forever and never place a trade.

11. Trading Lower Timeframes Will Result in More Profits

In my experience, a very small segment of independent traders are cut out to be day traders. As we discussed here, day trading or scalping can cause brain activity that is similar to using drugs.

13. You Should Understand Exactly Why a Market is Moving

There are literally thousands of reasons why a market moves the way it does.

15. You Should Only Learn From Successful Traders

There’s obviously value to learning from a successful trader. However, you should also consider if that trader is also a good teacher.

17. Successful Traders Predict Market Moves

You will see a lot of market predictions on the various Forex forums on the internet.

What is your broker’s Order Execution Policy?

Forex brokers should provide clear disclosure to customers about how their orders are executed.

How committed is the broker to order execution quality and transparency?

Brokers who are committed to fair pricing and quality order execution prove it b being transparent and publicly disclosing execution statistics.

What is the average spread per currency pair?

The higher price (“ask”), at which you (the customer) can BUY (“go long”).

How fast are trades executed?

How fast are trade typically executed? This is also known as execution speed.

What percentage of orders are executed with slippage?

When you see a price on your broker’s trading platform and want to trade on that price, your broker is supposed to exert every effort to fill your order at that requested price.

What percentage of trades are successfully executed?

Successful order execution is when the order is executed at the r equested price or better.

Are you suspicious about why your order wasn’t executed at the requested price?

Brokers may have the ability on their trading platform to control and add “slippage” and /or delay the execution of your order, so you end up getting filled at a worse-off price.

What Is Insider Trading?

An insider is a person who possesses either access to valuable non-public information about a corporation or ownership of stock equaling more than 10% of a firm’s equity. This makes a company’s directors and high-level executives insiders. 1 

How does the SEC monitor insider trading?

The SEC is able to monitor illegal insider trading by looking at the trading volumes of any particular stock. Volumes commonly increase after material news is issued to the public, but when no such information is provided and volumes rise dramatically, this can act as a warning flag.

What is an insider?

An insider is a person who possesses either access to valuable non-public information about a corporation or ownership of stock equaling more than 10% of a firm’s equity. This makes a company’s directors and high-level executives insiders. 1 . 1:52.

What is insider information?

Insider information is knowledge of material related to a publicly-traded company that provides an unfair advantage to the trader or investor. For example, say the vice president of a technology company’s engineering department overhears a meeting between the CEO and the CFO.

Can insiders buy and sell shares?

Legal Insider Trading. Insiders are legally permitted to buy and sell shares of the firm and any subsidiaries that employ them. However, these transactions must be properly registered with the Securities and Exchange Commission (SEC) and are done with advance filings.

Is insider trading illegal?

Now it is illegal insider trading. However, if they trade the security after the earnings are released, it is not considered illegal because they do not have a direct advantage over other traders or investors.

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