Brokers

This review introduces three major types of  forex brokers differentiated by the way they operate. Dealing desks brokers try to group the trades together and not send through small individual trades to the market the way STP brokers do. The aim is to save on the broker’s transaction costs. This is something that the tourist agency does when they assemble a tourist group to Hawaii instead of selling the tours individually.

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In its 2009 report, the Foreign Exchange Committee at the Bank of International Settlements (the world's oldest international financial organization) evaluated the overall numbers of forex transactions to be $3.2 trillion.

With this amount money floating through an unregulated market with the trades executed over the counter with no accountability, forex scams can only raise with the promise of earning fortunes in a short time.

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Broker of the Month

InstaForex

Bonus : up to $5,000  
Demo account : Yes

Leverage: 1:1000
Min. initial deposit : $1

Register here

InstaForex
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