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Experiences with regulated firms
Member Since Jun 29, 2020
28 posts
Dec 08, 2020 at 13:34
Member Since Jun 29, 2020
28 posts
colininghrams posted:Both are necessary! History and regulations! Otherwise how much can a history also tell. Who knows future intentions!
Regulations does matter, but there's another crucial thing. I mean how hard can it be to get a piece of stamped paper! I think it’s also important to look into the history of the broker. See the number of transactions undertaken, the founders history, things like that.
Member Since Jun 03, 2020
56 posts
Dec 09, 2020 at 09:35
Member Since Jun 03, 2020
56 posts
Just stick to regulated brokers, play safe. As it is trading is so risky, markets are an unknown sphere. Some peace of mind with regulated ones won’t do any harm if no good. I have dealt in the past with scams so I can tell you from experience that brokers that have a record to show are better. Now I am using XTB and Fxview but in the past brewed a lot of trouble for myself with names known only to me.
Member Since Sep 30, 2020
28 posts
Member Since Jul 19, 2020
318 posts
Member Since Jun 03, 2020
56 posts
Dec 10, 2020 at 08:15
Member Since Jun 03, 2020
56 posts
Pointingmark posted:
Frankly, I don’t know the name Fxview, should I be scared for you?
Thanks for your concern but I am good. I have been using them for over a year now almost completing 2 years with them, and if there was any reason to be scared of, I suppose by now it would have revealed itself to me. I am absolutely satisfied with both.
Member Since Nov 09, 2020
15 posts
Jan 06, 2021 at 06:36
Member Since Dec 31, 2020
16 posts
Tyronemings654 posted:Well that's fine but I do feel regulated brokers are much better since one need to worry much about the safety of funds with them.
It doesn’t matter to me if my broker is regulated or not. I make good profits on my trades and I’m happy about it. No more, no less.
Member Since Oct 26, 2020
37 posts
Member Since Mar 17, 2021
536 posts
Apr 01, 2021 at 13:32
Member Since Mar 17, 2021
536 posts
Shelby10 posted:I completely agree with you. You need to be very careful in this risky market.
Trading is not a casino. Here it is possible to set stop loss and profit level. If you want to earn 2% per month, then trading is possible. If you work according to the plan, the chances of loss are less. If a trader works according to the rules, then one day he will get success from trading. But money management and risk management have to be maintained.
Member Since Apr 02, 2021
9 posts
Member Since Jul 23, 2020
869 posts
Member Since Mar 17, 2021
536 posts
Oct 04, 2021 at 20:46
Member Since Mar 17, 2021
536 posts
WaltonCharles posted:Yes. You are right.WaltonCharles posted:Regulated broker always helps a trader to make money from this market.ricardostewart posted:It is very important to choose a regulated broker to trade in the forex market.
Regulated brokers are okay to trade with and it totally depends on the trader. Some even prefer offshore and unregulated ones too.
Member Since Aug 13, 2021
43 posts
Oct 06, 2021 at 11:25
Member Since Sep 10, 2021
20 posts
Regulation in forex ensures that clients are cushioned and regulated brokers are less likely to cheat traders. I have already borne the brunt of trading with an offshore broker before and can't take that risk ever again. Right now using regulated brokers only Xm and recently opened an account with fxview. Trading happily and safely.

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