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people willing to invest more and trade big, and many of the regulated and legitimate brokers are not recommended when. C-, they are the worst forex brokers in the world. If all requirements of this Trading Bonus program are met, the bonus sum placed in your account can be withdrawn without any limitations or restrictions. This broker never failed me and I am trading large volumes with them for over two years already. In both situations the broker wins, so there is no conflict of interest between you and your broker as the broker makes money when you trade, not matter if you win or if you lose. This transforms your transaction into a bet against your broker on how the currencies will fluctuate. Cysec (Cyprus Securities and Exchange Commission). A broker which is registered in many countries will generally have a larger client base and will be able to offer better conditions and lower costs to its customers. The size of one lot for the EUR/USD pair will always be 100,000. Mifid (Markets in Financial Instruments Directive - Directive 2004/39/EC). Constantinos Cleanthous and all the management is comprised of Cypriots as well, so it was just a normal decision to set the company in their home contry. The 30 Rescue Bonus Program is designed for traders who want to protect accounts from periods of drawdown.
XM Group, Ava Trade or, exness are legitimate brokers (they are well regulated and established companies in good legal standing that have a reputation to defend) they will pay out any winnings and process all withdrawals. This means you can trade huge amounts of money.
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But the more they read, the harder the choice becomes. We are not affiliated with any of the companies mentioned above. Some brokers are targeting only casual traders and are not well equipped to handle high-volume traders, and operating with such brokers may cause a lot of difficulties and awkward situations if you want to trade big (I will later explain why). Read More Resources. Unlike foreign exchange shops, where you can buy Euros with Dollars and then spend the Euros elsewhere, when you buy Euros with Dollars from your forex broker you have only one way to spend your Euros: you can buy back dollars from the broker (closing. Technically speaking, a broker that has a license to provide trading services to its clients is a legitimate broker.