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

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

Mathewshayden
Nov 09 2020 at 07:04
41 posts
You need to check the licence and registration of your broker.

Maxwelljoe
Nov 09 2020 at 09:21
29 posts
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.

Shaunmaxi
Nov 10 2020 at 07:42
28 posts
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.

Garrywilson
Nov 10 2020 at 10:28
37 posts
There is a limit for the protection amount.

davidkew
Nov 11 2020 at 04:06
34 posts
Rosstaylorr posted:
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.
withdrawals are a bliss with fxview. Mine took just one day!

marnuslabushane
Nov 11 2020 at 06:52
40 posts
davidkew posted:
Rosstaylorr posted:
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.
withdrawals are a bliss with fxview. Mine took just one day!
do traders have much reasons to trust it, given it is unseen by a majority of pro traders?

feelsofine
Nov 13 2020 at 12:28
51 posts
marnuslabushane posted:
davidkew posted:
Rosstaylorr posted:
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.
withdrawals are a bliss with fxview. Mine took just one day!
do traders have much reasons to trust it, given it is unseen by a majority of pro traders?

Not necessarily maybe the broker in relatively new and we've haven't heard of it yet. Shouldn't judge. btw visited the site looks legit they've got couple of EU regulation.

marnuslabushane
Nov 17 2020 at 04:35
40 posts
feelsofine posted:
marnuslabushane posted:
davidkew posted:
Rosstaylorr posted:
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.
withdrawals are a bliss with fxview. Mine took just one day!
do traders have much reasons to trust it, given it is unseen by a majority of pro traders?

Not necessarily maybe the broker in relatively new and we've haven't heard of it yet. Shouldn't judge. btw visited the site looks legit they've got couple of EU regulation.


This is the first thing that every professional is recommending me, are there specific regulations for Europe I need to keep in mind?

marco_mmbiz
Nov 17 2020 at 12:55
366 posts
marnuslabushane posted:
feelsofine posted:
marnuslabushane posted:
davidkew posted:
Rosstaylorr posted:
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.
withdrawals are a bliss with fxview. Mine took just one day!
do traders have much reasons to trust it, given it is unseen by a majority of pro traders?

Not necessarily maybe the broker in relatively new and we've haven't heard of it yet. Shouldn't judge. btw visited the site looks legit they've got couple of EU regulation.


This is the first thing that every professional is recommending me, are there specific regulations for Europe I need to keep in mind?


The biggest ones are ESMA in Europe. Cysec is regulated under ESMA as far as I know.
But you always need to make sure that the broker who's offering accounts under EU-regulation also must give you a proper account then. The broker is not allowed to give you an account with T&C's out of Europe. A lot of offshore and ASIC brokers are known for giving accounts that are not regulated in Europe, although on their pages it is said they also have a Cysec license. How do you know that? Just have a look on the registration-link; it usually contains something like '.eu', 'com/eu', '.eu.xyz.com'.

patience is the key
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