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    Thread: New brokers are growing like mushrooms!

    1. #111
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      In my country many broker born. And not a long some of them will start to cheat and turn to be scam. I will say open brokerage house it really profitable. You only need acces to market and can charge commision. That make me confuse why they want start to scam if with normal way they can profit.

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    3. #112
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      I have noticed that there are lots of new brokers out there but can't be sure if they are legit or not. So I guess we have to do our own research and see what reviews are given from others.

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      Quote Originally Posted by dedo View Post
      yes this happened to one of my friends they make him lose his deposited money by cheating in the trading software and when he asked to get back his lost money they closed his account .
      You are completely right and that's why i do not register in this brokers instaforex is the best but the problem of this bad brokers that they make bad feedback to the important brokers like instaforex.


    5. #114
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      by the way i have never seen any bad feed back from any of its client. the feedback of the clients is far more important. the feedback of other judges is not necessary to me. the primary concern is client satisfaction and instaforex does that in a better way

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      It can be a mixture of both. Some brokers are here to develope a strong business and some of them are here to cheat people. But now a days there are so many brokers and there is a hard competetion between them.

    7. #116
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      many brokers who grew up a stone and offer a bonus as well as ease in trading and other facilities offered by these brokers ... it indicates that the forex trading business is very promising for the traders ..... but we also need to be careful in choosing a broker .....

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      Quote Originally Posted by trinh316 View Post
      I have noticed that there are lots of new brokers out there but can't be sure if they are legit or not. So I guess we have to do our own research and see what reviews are given from others.
      Choose and trade using a new broker are really dangerous if we deposit a lot of money , because we does not exactly about this broker, is this broker scam or not only can be proven by how long they can survive in this forex business.

    9. #118
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      Quote Originally Posted by jmsblack18 View Post
      In my country many broker born. And not a long some of them will start to cheat and turn to be scam. I will say open brokerage house it really profitable. You only need acces to market and can charge commision. That make me confuse why they want start to scam if with normal way they can profit.
      That's why for me i do not like to register in any opened broker but only for legit brokers like instaforex as it is the best broker for me.


    10. #119
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      i think you have a misconception that all new brokers are to cheat people. it is their profession and they are devoted to help the general trader.l the reason behind their growt is the

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      i think you have a misconception that all new brokers are to cheat people. it is their profession and they are devoted to help the general trader.l the reason behind their growth is the hiking popularity of forex. but, following some steps a trader can easily get to know who are the right forex brokers.

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