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168. Secret of FOREX Market Maker Brokers | Forex SCAM Brokers | FOREX BD.

As a trader, you always want to work with the best brokers to ensure success in your investments. However, with the increasing number of brokers in the market, it can be challenging to choose the right one. Some brokers, known as market maker brokers, pose a risk to your investments as they manipulate prices to their advantage. In this article, we will discuss how to stay safe from market maker brokers and choose the right broker for your trading needs.

Understanding Market Maker Brokers

Market maker brokers, also known as dealing desk brokers, are brokerage firms that create a market for their clients. Instead of connecting traders to the actual market, market maker brokers buy and sell financial instruments to their clients. This allows them to manipulate the prices and profit from the spread.

Market maker brokers are common in the forex and CFD markets, where they create their own quotes, which may not reflect the actual market prices. This can lead to price manipulation, requotes, and stop loss hunting, which can result in significant losses for traders.

Identifying Market Maker Brokers

Before choosing a broker, it’s essential to identify whether they are a market maker or not. There are a few ways to do this:

  • Check if the broker has a dealing desk. If they do, then they are likely to be a market maker broker.
  • Look for brokers that offer fixed spreads. Market maker brokers often offer fixed spreads as they can control the prices.
  • Check if the broker has a conflict of interest policy. If they don’t, then they are likely to be a market maker broker.

How to Stay Safe from Market Maker Brokers

Now that you know how to identify market maker brokers, here are some tips to help you stay safe:

1. Choose a Regulated Broker

Regulated brokers are licensed and monitored by regulatory bodies, which ensure that they operate within the law. They are also required to follow specific guidelines, which protects traders’ interests. Choosing a regulated broker reduces the risk of falling prey to market maker brokers.

2. Look for ECN/STP Brokers

ECN/STP brokers are not market makers as they connect traders to the actual market. They don’t manipulate prices, which makes them a safer option. ECN/STP brokers also offer variable spreads, which means that the spreads can be as low as zero during periods of high market liquidity.

3. Avoid Brokers with Dealing Desks

As mentioned earlier, market maker brokers often have dealing desks. Avoid brokers with dealing desks, and opt for no dealing desk brokers instead. This reduces the risk of price manipulation.

4. Do Your Research

Before choosing a broker, do your research. Look for reviews, check their website, and compare their offerings with other brokers. This helps you identify any red flags and choose the right broker for your trading needs.

5. Monitor Your Trades

Even with a regulated broker, it’s essential to monitor your trades. Keep an eye on the prices, spreads, and execution times. If you notice any irregularities, report them to your broker immediately.

Conclusion

Market maker brokers can pose a risk to your investments, but with the right knowledge, you can stay safe. Choose a regulated broker, look for ECN/STP brokers, avoid brokers with dealing desks, do your research, and monitor your trades. By following these tips, you can choose the right broker and protect your investments.

FAQs

  1. What is a market maker broker?

    A market maker broker is a brokerage firm that creates a market for their clients. They buy and sell financial instruments to their clients and can manipulate prices to their advantage.

  2. What is the difference between a market maker broker and an ECN/STP broker?

    ECN/STP brokers are not market makers as they connect traders to the actual market, whereas market maker brokers create their own market. ECN/STP brokers don’t manipulate prices and offer variable spreads, while market maker brokers often offer fixed spreads.

  3. How can I identify a market maker broker?

    You can identify a market maker broker by checking if they have a dealing desk, offer fixed spreads, or have a conflict of interest policy.

  4. Why should I choose a regulated broker?

    Regulated brokers are licensed and monitored by regulatory bodies, which ensure that they operate within the law and follow specific guidelines, which protects traders’ interests.

  5. What should I do if I suspect my broker is a market maker?

    If you suspect your broker is a market maker, monitor your trades and report any irregularities to your broker immediately. If the issue is not resolved, you can report it to the regulatory body that oversees the broker.

 
Top 10 Forex Brokers List
5/5

Name

Details

Rating

Max. Leverage: 1:100 | 1:2000 | Unlimited
Trading Platforms: MT4, MT5, Web Trader

Regulation: CySEC, FCA, DFSA, FSCA, FSA, CMA
Founded: 2008
Founders: Petr Valov, Igor Lychagov
Year Founded : 2008
Deposit Methods: VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto (MORE)

Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation:  CySEC #278/15,  Labuan FSA #MB/18/0028,  FSA-S #SD 008,  FSCA #FSP 49464,  FCA #717270
Year Founded : 2010
Cryptocurrencies: ✅ Yes
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5
Regulation:  CySEC #183/12,  FSC Mauritius #C110008214 ,  SVGFSA #22747 IBC 2015,  FSA S #SD015,  FSCA #46632,  DFSA #F004885,  FCA #801701
Year Founded : 2010
Cryptocurrencies: (5+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT (MORE)
Min. Deposit: 10US$
Max. Leverage: 1:30 | 1:1000
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC
Year Founded : 2009
Cryptocurrencies: ✅ Yes (30+)
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, M-Pesa, Mobile Money, Monero, PerfectMoney, Ripple, WebMoney
Min. Deposit: 5 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation: ASIC #443670, FSC #000261/309, CySEC #120/10, DFSA #F003484
Year Founded : 2009
Cryptocurrencies: ✅ Yes (50+)
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:3000
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: ASIC #426359, FSC #IFSC/60/230/TS/18, CySEC #331/17, FSCA #50885
Year Founded : 2009
Cryptocurrencies: ✅ Yes (30+)
Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Alipay, Bitcoin, Bitcoin Cash, Boleto, Ether/Ethereum, Litecoin, Local Bank Deposits, Mobile Money, PerfectMoney, WebMoney, USDT
Min. Deposit: 5US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader, (MobileApp)
Regulation: CySEC #372/18, SVGFSA #19776
Year Founded : 2011
Cryptocurrencies: (25+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Bank Deposit, VISA, awepay, Bitcoin, FasaPay, Local Bank Deposits, Local Bank Transfers, Neteller, paytm, Skrill, UnionPay,  USDT
 
 

Leverage: 1:20 | 1:500
Regulation:  CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

 
 

Leverage: 1:20 | 1:500
Regulation: CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 100 US$
Min. Withdraw : 100 US$
HQ: Cyprus, the UK, Australia, and the United States.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

 
 

Leverage: 1:20 | 1:500
Regulation:  CySEC, FCA, DFSA, FSCA, FSA.
Min. Deposit: 50 US$
Min. Withdraw : 50 US$
HQ: Australia, Cyprus, and the UK.
Platforms: MT4, cTrader, web trading
EAs/Robots: ✅ Yes | News Trading: ✅ Yes | Scalping: ✅ Yes
Cryptocurrencies: 20+) Bitcoin, Litecoin, Ethereum
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, Crypto. USDT

Min. Deposit: 50 US$
Max. Leverage: 1:30 | 1:500
Trading Platforms: MT4, MT5, cTrader, Web Trader
Regulation:  CySEC #278/15,  Labuan FSA #MB/18/0028,  FSA-S #SD 008,  FSCA #FSP 49464,  FCA #717270
Year Founded : 2010
Cryptocurrencies: ✅ Yes
Deposit Methods: Local Deposit, Bank Wire (BankTransfer), VISA, MasterCard, Neteller, Skrill, WM, PM, Crypto, USDT
Most Visited Forex Brokers
5/5

Forex trading is a popular financial activity that involves buying and selling currencies to profit from the fluctuations in exchange rates. As with any financial activity, it is essential to choose a reputable and regulated broker to ensure the safety of your funds and a fair trading environment. In this article, we will discuss some of the top regulated forex broker houses.

Some Reliable & Popular Online Trading Deposit Payment Methods
5/5

Online forex trading payment methods refer to the various payment options available for forex traders to deposit or withdraw funds from their trading accounts. In the world of forex trading, payment methods play a vital role in facilitating smooth transactions, and it is important to choose a secure and reliable payment method that suits your needs.

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Disclaimer : Forexbd.ltd is not encouraging anyone to do forex/stock trading, as there are investments and financial risks involved. ForexBD channel or videos are educational and informative. Before deciding to invest in the forex market, you should carefully consider your investment objectives, level of experience, and risk appetite.

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