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What safety measure I need to take before choosing any forex broker?
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Rosstaylorr

Member Since Oct 08, 2020  20 posts Rosstaylorr Nov 07 at 09:52
It’s crazy how some brokers take only 2 or 3 days to process withdrawals while some can take a whole week. Better obviously to use ones that are speedier in this regard, fxview and XTB imo are fast when it comes to withdrawals.

Davidtaylorr

Member Since Oct 23, 2020  19 posts Davidtaylorr Nov 09 at 03:58
If you are looking for a broker in Europe, I would suggest going for a broker regulated by European authorities.

Mathewshayden

Member Since Oct 23, 2020  20 posts Mathewshayden Nov 09 at 07:04
You need to check the licence and registration of your broker.

Maxwelljoe

Member Since Oct 08, 2020  21 posts Maxwelljoe Nov 09 at 09:21
Forex broker license in Europe is unique in relation to other global countries. I say this because the broker with the license can serve any member country. CySec, the regulatory body of Cyprus, is one of the most recognized regulators in Europe.

KenAdams

Member Since Aug 14, 2020  22 posts KenAdams Nov 09 at 11:09
marnuslabushane posted:
Looking for a broker in Europe! What regulations should one check in a european broker, there seems to be too many.

In Europe, the broker should be regulated either with Cysec/FCA and other local authorities depends on your country like BaFin, Consob or ACPR. If you are looking for a broker based in europe, you should probably check fxview, xm or icm. They are the good ones IMO.

Rassellkarl

Member Since Oct 09, 2020  20 posts Rassellkarl Nov 10 at 04:21
Mathewshayden posted:
You need to check the licence and registration of your broker.
I would urge all traders in europe to only use a cysec regulated broker. Learned this the hard way! Got scammed to the tune of euro 5000 believing agents with tall promises. Now been over 2 years since I’m trading with IC Markets, Fxview and Plus 500.

Shaunmaxi

Member Since Oct 19, 2020  22 posts Shaunmaxi Nov 10 at 07:42
For a client the security of money deposited is the utmost important thing. Many brokers have a separate account for the client’s deposit money. Do carefully read about your broker before opting them. In this case even if the broker goes broke your money is safely deposited in a different account.

Mrthao

Member Since Oct 16, 2017  1 posts Fue Thao (Mrthao) Nov 10 at 09:21 (edited Nov 10 at 09:23 )
Look up Hugo's Way. I have no issue with them and withdrawal are pretty quick. lol

You can't win if you don't bet.
Garrywilson

Member Since Oct 15, 2020  22 posts Garrywilson Nov 10 at 10:28
There is a limit for the protection amount.

Mikehussey

Member Since Sep 30, 2020  14 posts Mikehussey Nov 10 at 12:00
You do have a positive perception about your money being safe with FP Markets and other brokers (like FXTM, FXview) holding the Cysec regulation that are liable to take an action in case of insolvency.

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