Abstract：The anatomy of a Forex broker is another knowledge of its own, in addition to practical trading. Before a trader could dive into the currency markets, he needs to first find a credible broker with whom he deposits his capital.
This topic of “brokers” is a big one to cover. The majority of market participants have a love-hate relationship with their brokers. From the “love” perspective, a Forex broker provides the prerequisite entry ticket into the playing field. On the flip side of the coin, people generally believe that brokers are designed to capitulate their trading accounts and even scam their money.
The right broker should be credible, regulated, provide services and products that suit ones needs, and offer timely support to their clients. However, due to the fact there are thousands of brokers out there, how can one conveniently compare them without much hassle？
Here at WikiFX, we provide solutions to all your concerns related to broker companies. We prioritize our users convenience and trust, so we aim to provide the most transparent information under a single platform for all.
We perform thorough background checks on brokers by evaluating their basic information provided, such as the currencies, commodities, and indices that are available for trading, levels of leverage offered, and most importantly their licenses. We go to the extent of carrying out site visits to their premises to examine the legitimacy of their businesses.
We then compare, rate, and rank the respective brokers on our website and app to make the survey work easy for our users. Furthermore, we also provide forums to collect honest reviews from users globally regarding their personal experiences with their respective brokers.
We know that it is always overwhelming and frustrating having to do all this research because trading the financial and currency markets itself is stressful. However, it is never too late for a trader to find out the truth behind his broker and take preventative measures. After all, protecting your capital is the most important step in trading and investment.
All you need to do is just go through the WikiFX website and app with a few clicks and that will save you a lot of time, (potentially) money, and worries in the long run.
The WikiFX team has your back on this!
WikiFX made a comprehension review on OGM to help you better understand this broker. we will analyze the reliability of this broker from specific information, regulation, exposure, etc. Let’s get into it.
British hedge fund trader Sanjay Shah has been extradited to Denmark to face charges of tax fraud and money laundering in a case that has been described as one of the biggest criminal fraud cases in Danish history.
CME Group's unveiling of 'CME FX Spot+' promises to revolutionize the FX market, offering enhanced accessibility and transparency, bridging the gap between cash markets and FX futures liquidity.
For many years, TMGM has been considered a reputable broker that was welcomed by many traders. However, recently, we received a lot of complaints against this broker. The concern has been raised due to the reliability of this broker. We wonder if this broker is still trustworthy.