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Regulated broker vs. Unregulated broker
Member Since Jan 22, 2021
6 posts
Jan 30, 2021 at 17:48
Should I go for a regulated broker or the unregulated one?
Feb 01, 2021 at 11:08
Not sure about unregulated, take this recent incident of paxforex. Their domain got banned and imagine the trauma their clients must've had to face. According to me, it is always best to go with regulated ones like Fxview or ICM or XM. They are trusted and safe.
Member Since Jan 22, 2021
126 posts
Feb 05, 2021 at 10:11
I would suggest having both, do demo trading on both and then decide which one is better. But this will be only possible if you use demo accounts effectively.
Feb 05, 2021 at 11:56
blackChelsea posted:
I would suggest having both, do demo trading on both and then decide which one is better. But this will be only possible if you use demo accounts effectively.
Trading conditions are one thing, but what about security of funds? Don't you think regulated brokers are much better and safer option?
Member Since Jan 17, 2021
29 posts
Feb 18, 2021 at 22:47
Newer work with unregulated broker.
Mar 02, 2021 at 14:25
i;ve been with regulated brokers (not if the first class) they are kidna good. just switched my accounts to saxo and oanda.
nothign beats them, they are more expensice based on comitions ans spread but dont care.
customers service, suppport, security, are top notch.
+ a ton of extra features that no one esle has.
nothign beats them, they are more expensice based on comitions ans spread but dont care.
customers service, suppport, security, are top notch.
+ a ton of extra features that no one esle has.
Member Since Mar 17, 2021
494 posts
Mar 24, 2021 at 16:57
Actually most new traders are introduced to forex trading by saying if you learn some indicators, you will make huge profit. Even there are more ridiculous introduction of trading, for example, If you price goes up sell if price goes down buy.
Member Since Jul 23, 2020
696 posts
Aug 08, 2021 at 03:46
I will always prefer a regulated broker.
Member Since Aug 13, 2021
39 posts
Aug 13, 2021 at 04:35
Of course it is important to choose a regulated broker. However maybe you dun know that some countries are banned from some particular brokers. Therefore, you have to know which broker is suitable to you...
Aug 13, 2021 at 11:26
"Regulated brokers are reliable, and most traders prefer them because there are lower risks involved in them.
Unregulated brokers are mostly scammers; traders should avoid using such brokers to avoid losing money and invest in regulated brokers."
Unregulated brokers are mostly scammers; traders should avoid using such brokers to avoid losing money and invest in regulated brokers."
Aug 15, 2021 at 16:52
Honestly, when it came to choosing a broker for myself in the past, i also contemplated a lot if i should go for a regulated or non regulated broker, tbh it depends on what you are looking for. I went with finprotrading, because of the high leverage and deposit bonus. Likewise people go with regulated ones for security. It just depends on which conditions you like to trade with. Simple.
