True Facts! This is the shady truth of forex trading. I advise every trader to be vigilant in choosing the broker. Test the trading conditions and their withdrawal process along with other factors like spreads and commission before making a decision.
kieran
(snapdragon1970)
Member Since Sep 12, 2015
1948 posts
Apr 11 2017 at 15:46
Here is some insight to Trading from Rob ......
"They mistook leverage with genius".
mlawson71
Member Since Dec 11, 2015
1487 posts
May 19 2017 at 14:05
Another uncomfortable truth is that apart from the amount of scammers out there, there are quite a few supposedly licensed brokers that have shady business practices, especially the brokers licensed in an offshore zone somewhere. Offshore destinations are famous for its light touch regulation, if any. (https://www.forexbrokerz.com/news/risks-trading-offshore-forex-broker) And if you lose your money to a scam, go figure how you’re going to contact the regulator effectively and pressure them to do something about it. Clients of offshore brokers basically have no protection in case something goes wrong - none of these companies is obliged to arrange a compensation scheme in the event of insolvency.
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