moonchild
VIP Contributor
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.
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.