SECURED AND UNSECURED FOREX TRADING LOANS

Forex trading loans can be secured or unsecured. Secured forex trading loans can be defined as loans that can be backed up or safeguarded by collaterals. Examples are mortgages and car loans. Unsecured forex trading loans are those forex loans which are not backed up or safeguarded with collateral. These unsecured forex trading loans actually have a greater amount of interest rates attached to them. This increased interest rate of unsecured loans is due to the fact that they are riskier for the lenders. In a secured loan, the lender can have a possession of the collected collateral in case of a default in repayment by the borrower and this makes this type of forex loan less risky. 

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