Forex Brokers Scams

In order to make money in Forex you need to trade with a solid broker. The problem in the Forex market is that it’s not easy to find a broker that you can trust.There are plenty of Forex broker scams out there so you need to be extra cautious when you need to choose a forex broker. If you visit http://www.forextopten.com/forex-broker.html you see that most of the Forex brokers aren’t reliable. Some of them trade against you, others are offshore companies and others manipulate prices so that you lose all the time.It’s shocking to see how many scam brokers you can easily find on Forex. Until there’s a solid regulation on the Forex market you should avoid:• Brokers based on offshore territories or 3rd world countries (that kind of brokers can’t guarantee your safety of funds).• Brokers that trade against you. If a broker makes money when you lose, believe me, you will lose.• Brokers that don’t state where are they based.• Brokers involved in scams. You should research about a broker before you open an account with them. Try to know what traders think about it and if they are an honest broker or not. You can read and rate reviews at http://www.forextopten.com/forex-broker.html ).• Brokers that allow you to trade Forex with less than $100. In the real trading world, if a broker offers you 100, 200 or 400x margin that’s not an advantage for you. If you trade with much margin, you will lose your money in the short-term. A small movement against you will make you lose your entire account. So, avoid brokers that promise you to make money with a tiny amount.Before you send your money to a broker please remember that there are plenty of Forex broker scams out there, so it pays to make your due diligence. My advice to you is that you only consider brokers based in US or EU, with solid fundamentals so that you can be sure about the safety of funds. Don’t use brokers that trade against you, and be sure to read reviews about them before you send them any money. Read all the information on the brokers’ website, and if you have any question, make sure to contact them before you open the account.(http://www.forextopten.com/forex-brokers-scams.html)