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Expose them.

Ben Nathan (BenNathanFX)
Jan 13 2016 at 11:26
137 posts
In terms of brokers - do you homework - check their regulations, then go to the regulatory body and check that brokers profile for history and fines. Finally, make sure they arent listed as a scam broker by FPA and then you are good to go

HOLY GRAIL: Fundamental Analysis to chose your pairs/direction, Technical Entry/SL/TP for consistent Management of those decisions
BellaVista507
Jan 13 2016 at 11:34
251 posts
deresel posted:
mlawson71 posted:
The Italian financial watchdog Consob warned about six new entities to their list of forex and binary options brokers unauthorized to operate in the country – BestCopy, LHCbrokers, Oklycapital, Amf Capital, Ampha Management, and St. World Trade. (Source: https://www.forexbrokerz.com/news/italy-consob-warns-six-unauthorized-forex-binary-options-brokers)


Thank you for the useful information!

Same in Belize: The International Financial Services Commission of Belize (IFSC), Belize’s financial regulatory body, recently issued a warning notice against forex broker Financial Strategy Holdings saying its operation is “a complete forgery”.
The regulator said the above mentioned broker has not been licensed in Belize and is not allowed to conduct trading activities in the country.

The IFSC asks in the notice for information from anyone contacted by representatives of Financial Strategy Holdings.

Source: https://www.forexbrokerz.com/news/belize-watchdog-says-newtradefx-forex-broker-complete-forgery


 The reality is brokers, and all of them can become 'scams'. A broker can go under, and even if they are regulated you still won't get your funds unless the regulatory agency recovers what was lost, or if restitution was given. Don't get me wrong, regulation makes you sleep good at night, and some people like the fact that they can file claims if something goes wrong, but the reality is you aren't any safer then you are if you traded in a bucketshop.

mlawson71
Jan 13 2016 at 12:53
1487 posts
I think regulation makes us safer in the sense that if you file a complaint against a scammer at an agency which has official authority to regulate the market and that agency then exposes the scammer, the information becomes so much more widely available to newbies who may buy into the scam otherwise. I mean, the word of an official watchdog agency carries a lot more weight than an anonymous review written somewhere else. Also, one of the first things a person researching the broker they'd like to work with does (or that's what they should do, at least) is to check such official blacklists. So people looking for such information can both easily find it and, hopefully, trust it.

dianajs
Jan 17 2016 at 09:53
823 posts
Well, speaking of official warnings and scammers, I also have this: FCA warned that Ayondo Markets Ltd is a clone firm of FCA-licensed social trading company ayondo markets Limited (https://theforexreview.com/2016/01/08/fca-warns-of-clone-of-social-trading-broker-ayondo-markets/) The clone is using information about the genuine broker to make themselves look legitimate, although they have nothing to do with he original. I actually took a look at both their sites, and they look chillingly similar. They even use the same logo. To be honest, if I were a newbie, I'd totally buy the scam. I might've even bought it now, if I weren't warned.

trendfollowers
Jan 17 2016 at 11:46
276 posts
Wow... This block counter really reveals so much and confirms so many suspicions. Really a fantastic feature.!

If you want to go fast, go alone. If you want to go far..Go together..
Mesbah (rahiths)
Jan 17 2016 at 14:36
98 posts
Anybody using Ticmill

A trader can be an economist but an economist could never be a trader. They are too theoretical.
BellaVista507
Jan 17 2016 at 15:22
251 posts
rahiths posted:
Anybody using Ticmill


 I have a client who uses tickmill. VERY VERY VERY GOOD BROKER!

Mesbah (rahiths)
Jan 17 2016 at 17:37
98 posts
BellaVista507 posted:
rahiths posted:
Anybody using Ticmill


 I have a client who uses tickmill. VERY VERY VERY GOOD BROKER!


Thanks man but i still confuse about their regulatory system

A trader can be an economist but an economist could never be a trader. They are too theoretical.
rob559
Jan 17 2016 at 17:52
1916 posts
rahiths posted:
Anybody using Ticmill


been using them for 4 years ,before armada ,they are the best i'v used so far

Mesbah (rahiths)
Jan 17 2016 at 17:58
98 posts
rob559 posted:
rahiths posted:
Anybody using Ticmill


been using them for 4 years ,before armada ,they are the best i'v used so far


But you are using Demo

A trader can be an economist but an economist could never be a trader. They are too theoretical.
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