How To Avoid Manipulations From Brokers

[moonchild]

There are a lot of forex brokers these days, a lot of brokers that aggressively advertise their services online have a lot of question mark on them, I'll give you a simple tip to fish out bad brokers.

Whenever you register with a broker and you doubt that they are manipulating your trades, just head over to tradingview website and search for the currency pair you're trading if the price of the pair on trading view is higher or lower than the one on your Mt4 just abandon the broker.

Most brokers bet against your trades so while thinking you're trading with the market, you're actually trading with your broker, and because of the wildly known statistics that more than 78% of retail traders blow their accounts they get to actually make profits.

To avoid manipulation from brokers make sure you only register with ECN brokers these are the brokers that places your trade direct to the market without doing anything fraudulent.

Another issue that a lot of non ECN registered brokers users face is delay in withdrawal, they don't pay on time and when you complain about it, they either block you or close down your account.

Do your due diligence before registering with a broker.

 

[Holicent]

You are right on this. So many manipulative brokers out there, but there are more things to consider. If you're looking to invest and you've decided to go with a broker, there are a few things you should do to keep yourself safe. First, make sure you understand how the broker operates. What kinds of fees does he charge? Does he charge commissions? How often does he charge them? And so on. If he charges commissions, be sure that it's clear whether those commissions will be paid out in cash or some other form—it's important to know how much money is at stake here, after all.

Second, make sure that your broker is registered with the Financial Industry Regulatory Authority (FINRA). You can find out if a broker is registered by visiting FINRA's website.

Third, make sure that the broker isn't doing any shady business practices like selling fake stocks or giving you bad advice. Find out if they've been sued for fraud in either civil or criminal courts and talk to people who know them well if they have any skeletons in their closets that might affect their trustworthiness as an investment advisor.

 

[Asahi]

Lower your lot size and trade in low spread trading pairs. Beside so, you should start Forex trading initially with a low capital. You should trade with a secure trading broker. Eurotrader offers high leverage and narrow trading spread in majority of their pairs.

 

[Asahi]

While choosinga broker, thinkabout its reliability because it is the thing that is missing in many brokers. I know Eurotrader is a regulated trading broker as it offers high security of funding. They allow traders with numerous trading accounts. The broker allows traders with a 111% deposit bonus.