Experiences with regulated firms
Mitglied seit Oct 07, 2020
29 Posts
Dec 08, 2020 at 12:42
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 Jun 29, 2020
28 Posts
Dec 08, 2020 at 13:34
colininghrams posted:Both are necessary! History and regulations! Otherwise how much can a history also tell. Who knows future intentions!
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.
Russel Gutierrez (russellgutierrez)
Mitglied seit 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.
Mitglied seit 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?
Mitglied seit 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.
Russel Gutierrez (russellgutierrez)
Mitglied seit 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.
Mitglied seit 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.
Jan 06, 2021 at 06:36
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 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.
Mitglied seit Mar 17, 2021
536 Posts
Apr 01, 2021 at 13:32
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.
Mitglied seit 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.
Mitglied seit 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.
Mitglied seit Mar 17, 2021
536 Posts
Oct 04, 2021 at 20:46
WaltonCharles posted:Yes. You are right.WaltonCharles posted:Regulated broker always helps a trader to make money from this market.ricardostewart posted:It is very important to choose a regulated broker to trade in the forex market.
Regulated brokers are okay to trade with and it totally depends on the trader. Some even prefer offshore and unregulated ones too.
BrokerChoice (ChanKaiTai)
Mitglied seit 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
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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