Unfortunately, fraudsters are everywhere. The Forex market in this case is no exception. What is to be feared on the stock exchange? First of all, brokers can deceive you because they have direct access to the market by offering to start trading using their own account. They have several ways to mislead the trader.
Known methods of fraud in the forex market
The first is the so-called. “Tightening quotes.” When opening a quotation in a calm market, different brokers can make up 2-3 points, but in a sharp market the difference may be several dozen points. The most interesting thing is that the broker can freely see what your margin call level is and where you have stop loss. Continue reading