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Experiences with regulated firms

Nov 23, 2020 at 04:01
1,561 Views
34 Replies
Member Since Jun 29, 2020   28 posts
Dec 08, 2020 at 13:34
colininghrams posted:
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.
Both are necessary! History and regulations! Otherwise how much can a history also tell. Who knows future intentions!
Member Since Jun 03, 2020   56 posts
Dec 09, 2020 at 09:35
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
Dec 09, 2020 at 12:20
Frankly, I don’t know the name Fxview, should I be scared for you?
Member Since Jul 19, 2020   318 posts
Dec 10, 2020 at 07:46
A broker can be your friend in this journey. But for that you have to chose a regulated and reliable firm. Otherwise, you can face a great loss.
Member Since Jun 03, 2020   56 posts
Dec 10, 2020 at 08:15
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
Dec 18, 2020 at 05:24
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 Aug 11, 2019   21 posts
Dec 30, 2020 at 08:54
It will be interesting. After all, each of us has so different preferences and views that we will certainly be able to gain new experiences through this. Each trader is a big personality and now you can see it!
Member Since Dec 31, 2020   16 posts
Jan 06, 2021 at 06:36
Tyronemings654 posted:
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.
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.
Member Since Oct 26, 2020   37 posts
Jan 07, 2021 at 08:59
I won’t say it is entirely safe but regulation at least provides some sort of safety. I think it is just about peace of mind.
Member Since Mar 17, 2021   536 posts
Apr 01, 2021 at 13:32
Shelby10 posted:
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.
I completely agree with you. You need to be very careful in this risky market.
Member Since Apr 02, 2021   9 posts
Apr 21, 2021 at 05:26
Regulated brokers are okay to trade with and it totally depends on the trader. Some even prefer offshore and unregulated ones too.
Member Since Jul 23, 2020   869 posts
May 09, 2021 at 17:44
It is good to trade with a regulated broker. Because there are a lot of scammers in the market.
Member Since Mar 17, 2021   536 posts
Oct 04, 2021 at 20:46
WaltonCharles posted:
WaltonCharles posted:
ricardostewart posted:
Regulated brokers are okay to trade with and it totally depends on the trader. Some even prefer offshore and unregulated ones too.
It is very important to choose a regulated broker to trade in the forex market.
Regulated broker always helps a trader to make money from this market.
Yes. You are right.
Member Since Aug 13, 2021   43 posts
Oct 05, 2021 at 08:17
always look into some brokers with big license and some offshore license. it will facilitate you to create account
Member Since Sep 10, 2021   20 posts
Oct 06, 2021 at 11:25
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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