For every forex trader, the main problem that is always faced before starting trading is the difficulty of finding a good forex broker or one that doesn't cheat. Fraudulent brokers are usually brokers who always expect their customers to experience losses and take profits from their own customers' money.
Features of city forex brokers
To find out a forex broker is a city broker:
The first is the bookie broker usually uses 4 digits, and the second is usually the bookie broker always sets a large initial deposit, usually in the range of 50-100 million.
And when trading, the server is usually down and many transactions have problems, that's because the broker is in control and can play with prices or customer transactions arbitrarily.
The last tip to test the broker is a dealer or not is to ask the broker's journal if there are problems faced by the forex trader. And it can also be tested by showing an account whose performance has experienced a large number of continuous profits
If the broker is a dealer, you may even be blacklisted, but on the other hand, if the broker is not a dealer and immediately throws transactions into the market, the broker must dare to accept you as a customer.
That is why forex traders must know the characteristics and reviews of the forex broker that will be used for trading. There are many references about forex broker reviews on the internet, for example with the forex broker rating feature to be able to see comparisons between forex brokers.
Also if you have a complaint or complaint about the services of a forex broker, you can submit it through the forex broker complaint form so that other forex traders can read it.
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