Broker and regulations
Mitglied seit Aug 13, 2021
39 Posts
Aug 13, 2021 at 10:02
notoriousfox1 posted:
There are also different leverage options depending on what country you are in. Most only offer 1:30 now. Used to be able to get 1:1000
still getting 1;500 is easy, adjustable
Mitglied seit Mar 17, 2021
494 Posts
Aug 15, 2021 at 08:30
croisssan posted:
It is important that everything is regulated and without interference. In this case, you can still work.
Yes. You are right.
Oct 26, 2021 at 22:36
I use regulated broker, the company has regulated by ASIC, FCA, and Cysec, I think the regulated broker is important to pay attention to, although not all regulated broker is good, besides regulation, also review among trader, broker that has reliable and trusted, they will get positive review among trader,
Oct 31, 2021 at 16:53
For higher leverage it's worth checking out some off shore brokers. A lot of people always recommend a regulated broker & I understand their thinking but they are also very restrictive. I have used unregulated brokers with no issue. You just need to do your research.
Mitglied seit Apr 09, 2019
516 Posts
Dec 10, 2021 at 17:47
I don't think it is as important as it used to be personally, particularly to those in the US who are hamstrung by regulations that actually offer little in the way of fund protection, all the while limiting their trading conditions. That's not to say all unregulated brokers are good. Just that they shouldn't be dismissed out of hand.
If you can't spot the liquidity then you are the liquidity.
Mitglied seit Aug 05, 2021
394 Posts
Dec 10, 2021 at 17:49
I’m from the US as well and wound up going with an offshore broker because options were limited and I was able to trade with higher leverage. In this case, I’d also recommend CedarFX to you because they seem to fit the criteria you’re looking for as far as low costs and high leverage. You can open a 0 commission account there with decent spreads, no extra fees, and leverage up to 1:500. Hope this helps!
Mitglied seit Jul 20, 2020
385 Posts
Dec 11, 2021 at 10:37
Pezza posted:
For higher leverage it's worth checking out some off shore brokers. A lot of people always recommend a regulated broker & I understand their thinking but they are also very restrictive. I have used unregulated brokers with no issue. You just need to do your research.
I use them too. I have found them solid and lots more options to trade and some have same day withdrawals now too
Dec 12, 2021 at 23:28
For me there are far more important factors to consider then selecting a broker. Whether or not they are regulated is way down my list in selection criteria. Here in Australia, they limited our leverage earlier in the year. If I want to choose a regulated option here, my only option is accepting a maximum of 1:30 leverage.... Having traded with 1:500 leverage for 4 years before hand, there is no way my strategy would be worth my time with so little leverage. For me, trading conditions, reviews, customer service and the test of time is far more important.
All or nothing
Mitglied seit Mar 03, 2019
57 Posts
Dec 27, 2021 at 14:01
I prefer to use Offshore brokers. I find that they tend to offer better trading conditions such as a higher leverage and lower commission. I like to trade crypto 24/7, which most onshore brokers don't seem to offer.
Mitglied seit Oct 29, 2021
69 Posts
Jan 03, 2022 at 09:41
DYOR is important before choosing a broker, I compared and shortlisted several brokers before finally signing up with turnkeyforex for 2 prime reasons:
Leverage
Low trading cost
Leverage
Low trading cost
Mitglied seit Jun 12, 2021
132 Posts
Jan 04, 2022 at 07:30
generally we the traders keep a great believe to trade in a regulated broker always safe but practically the real situation is totally different.
Jan 04, 2022 at 23:30
Cizel89 posted:
No matter what, regulations are very essential when it comes to choosing the forex broker. It is a good suggestion to do your own research while picking the right forex broker.
Do you apply the same theory with cryptocurrency?
If a crypto is regulated or 'centralized' people will tell you to avoid it.
All or nothing
Jan 10, 2022 at 10:50
Akasuki posted:
It's not only the wrong broker that is the cause of problems. A bad broker is clearly an issue for trading. Alongside a reliable broker, traders have to be skilled.
Stel386 posted:
A decent broker + good trading skills = great trading journey.
Couldn't agree more about these.
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