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Experiences with regulated firms
forex_trader_1955784
Mitglied seit Sep 30, 2020
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Mitglied seit Jul 09, 2020
34 Posts
Nov 26, 2020 at 11:40
Mitglied seit Jul 09, 2020
34 Posts
Initially when I started trading, the broker I joined in the beginning (don’t wanna name them here now) seemed good to me, showcasing suitable conditions and they were regulated of course but i did not like their services at all, queries went unresolved no support answerable and latency was major issues and it was difficult to regain the trust over brokers again. But fortunately, my perception changed after I came across fxview. The broker's support is what impressed me. As i was very cautious and questionable at every step, they were able to handle my queries well.
I'd say all in all, most of us come across such brokers and then loose our trust, but we should be aware, its not the same with every broker.
I'd say all in all, most of us come across such brokers and then loose our trust, but we should be aware, its not the same with every broker.
Nov 26, 2020 at 14:09
Mitglied seit Sep 18, 2020
15 Posts
Now there are so many brokerage companies and offers from them that you can easily go crazy. But in practice, half of the offered services do not attract attention at all. I am not very happy with it, because it focuses attention on some unnecessary things.
Mitglied seit Nov 07, 2020
15 Posts
Mitglied seit Oct 07, 2020
29 Posts
Dec 01, 2020 at 09:26
Mitglied seit Oct 07, 2020
29 Posts
Sense of security and peace of mind you get with a regulated broker is something that I give the highest weightage while opting for a broker. Until you get the confidence that your money is safe, even after losing some trades, you can't keep the momentum going in this field of trading.
Mitglied seit Oct 13, 2020
34 Posts
Mitglied seit Nov 27, 2020
3 Posts
Mitglied seit Oct 01, 2020
49 Posts
Dec 03, 2020 at 10:44
Mitglied seit Oct 01, 2020
49 Posts
The forex regulation in europe comes under the guidelines of MiFID, hence all the EU members follow the same set of rules and regulations. I have been using Fxview for the last few years, BTW its Cysec regulated and my experience with them has been smooth till now. I have tried other brokers also, regulated in different EU countries and with none of them I found any issue. In short, if you are looking for a new broker always go for a regulated one.
Mitglied seit Jul 03, 2020
37 Posts
Dec 04, 2020 at 13:20
Mitglied seit Jul 03, 2020
37 Posts
Thank you for this thread. I am so glad that I gave in to my friend’s pushes and opened a forex trading account. It has been precisely 5 months of trading in total for me, including 20 days of demo, and I have made more money than I did in a year of doing stupid jobs. I was spending more to keep myself entertained earlier than I was saving. And now all the money I earn while trading currencies on Fxview just go into savings. I know about the risks involved but if you are careful with your trades and have a well defined plan, there's only going to be gain.
Mitglied seit Aug 17, 2020
123 Posts
Mitglied seit Oct 07, 2020
29 Posts
Dec 08, 2020 at 12:42
Mitglied seit Oct 07, 2020
29 Posts
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.
Mitglied seit Sep 30, 2020
28 Posts
Mitglied seit Jul 19, 2020
318 Posts
Mitglied seit Nov 09, 2020
15 Posts
Jan 06, 2021 at 06:36
Mitglied seit 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.
Mitglied seit Mar 17, 2021
536 Posts
Apr 01, 2021 at 13:32
Mitglied seit 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.
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