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How to choose a regulated forex broker?

Cizel89
Dec 03 2020 at 11:09
41 posts
I know choosing a broker is tough. What I suggest is checking all brokers, their spreads, trading conditions, test them through demo and then decide. Also, no harm in diversifying funds over multiple brokers. Fxview, Fxpro, HYCM are some good ones to check.

EbonyJones
Dec 03 2020 at 14:08
232 posts
A broker is the main thing in the forex market. If you want to choose a regulated broker from this market, you can visit those websites that provide broker reviews on their sites.

Marloncolingwood
Dec 04 2020 at 10:26
15 posts
The procedure seems very simple but is fraught with delusions ain’t it?! And I agree with others, choosing a broker is an important step for completing this process. For me it's the timely withdrawals that matter. That is 1 reason why I transferred all my funds to turnkeyforex and roboforex after a bittersweet experience in this regard with my previous broker. Another thing I would say, always split your investments into different broker accounts.

ElliotCooke
Dec 04 2020 at 18:56
341 posts
A broker is the most important element in the forex market. If you want to make money from this market you have to choose a regulated broker from this market.

LyudmilLukanov
May 07 at 22:44
461 posts
Choose a broker which is regulated by a reputed entity like FCA, SEC, etc.

ele020 (ele020)
May 10 at 07:16
211 posts
LyudmilLukanov posted:
Choose a broker which is regulated by a reputed entity like FCA, SEC, etc.

Yes, a regulated broker is always better than a non regulated broker, there are plenty of regulations like CySec, FCA, ASIC, FSCA etc...

The more your practice, the more you learn.
Akasuki
May 10 at 11:05
166 posts
Before choosing a broker everyone should check its regulations. It is the most important thing because you are putting your hard earned money with them. The broker should be regulated by reputed regulation bodies.

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