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For new trader, finding a regulated broker is VERY important.

BrokerChoice (ChanKaiTai)
Sep 10 2021 at 07:49
43 Posts
I saw so much scam in the market. Mt4 is relatively cheap to set up. Just buy up the license from Metaquote and you can start your server.

So, always look into some big licenses to choose your broker such as FCA(UK), ASIC(AUS), CySEC. I have been working to differentiate which is which for years...
This is my only reminder to you all. Spread is very minimal to your profit if you are doing mid-long term trading.
Stability is king
LukeRachel
Sep 10 2021 at 15:37
477 Posts
Good information. You have to invest in trading depending on the broker. Profit is to be made by combining broker and knowledge. That is why regulated brokers are needed to keep this fund safe.
AliaDare
Sep 11 2021 at 00:36
788 Posts
It is better to choose a licensed broker in trading. There is less chance of getting cheated.
Sar John (Sarjohn)
Sep 16 2021 at 11:14
187 Posts
With regulated brokers you get restricted with the leverage, and beginners do not have much capital initially so they need high leverage.
Phyllis_Berry
Sep 21 2021 at 20:51
11 Posts
As far as I concerned brokers play a big role, especially when we speak about new traders. They always bother about safety of their accumulations, hence they must find a fully regulated and reliable broker in order to be confident that everything will be ok with their money. It makes them more concentrated on trading activity and the won't be worrying about their deposits during trading session. I think that it's pretty hard to find such a broker when you're a rookie, nevertheless it's possible. It's enough to make some efforts and everything will be ok. This process might be quite exhausting, however it brings a lot for traders.
Akasuki
Sep 27 2021 at 12:41
617 Posts
For any trader, a good regulated broker is important. You can not put your money into an unregulated broker. Your money can be frozen by without any problems.
UweMoench
Sep 28 2021 at 10:25
751 Posts
@Akasuki Yes you are right. For online Forex trading, a regulated broker is very important. We can't trust unregulated broker where money is involved. It's better to stay safe.
SofieAndreasen
Nov 10 2021 at 11:40
759 Posts
The most critical requirement for a successful trading career is trading with a regulated broker.
LyudmilLukanov
Nov 11 2021 at 10:53
869 Posts
It's important to identify brokers who are reliable and viable and to avoid the ones that are not.
Akasuki
Jan 16 2022 at 12:44
617 Posts
AliaDare posted:
It is better to choose a licensed broker in trading. There is less chance of getting cheated.
A well-regulated as well as licensed broker can be essential for trading forex online. If not, our funds could be frozen or be swindled.
AliaDare
Jan 16 2022 at 16:09
788 Posts
RobSchiz posted:
AliaDare posted:
It is better to choose a licensed broker in trading. There is less chance of getting cheated.
Yes. I agree with you.
You must have a license to trade. This helps us to keep our investment safe. It is easy to invest in a broker's license.
AliaDare
Jan 17 2022 at 14:04
788 Posts
Akasuki posted:
AliaDare posted:
It is better to choose a licensed broker in trading. There is less chance of getting cheated.
A well-regulated as well as licensed broker can be essential for trading forex online. If not, our funds could be frozen or be swindled.
You must have an idea about the regulation of the broker if you want to trade. It is risky to trade in that broker without a license.
Baccasa34
Nov 28 2022 at 09:39
75 Posts
We all know that broker serves as an intermediary in Forex. Broker’s security is highly important for you if your trading capital is significantly large.
HeavenLeighGill (HeavLeighGill26)
Dec 01 2022 at 17:42
401 Posts
As someone who has done a ton of research and comparison for different brokers, I have to say that regulation doesn't always equal safety like most believe. If you look into what happened with Veracity (just for one example), you see that the clients got burned and most felt like they were secure because of the regulators. Reviews from real people is always what makes me feel more secure. Also, offshore brokers can be cheaper and usually have much more flexible leverage!
Eric (Goldbarrel)
Dec 02 2022 at 01:14
42 Posts
At the moment quite popular offshore brokers.
Make money with people who know how to make money.
Baccasa34
Dec 02 2022 at 08:43
75 Posts
In Forex I prefer long-term trading which refers to the complete professionalism but traders are mostly allergic to this type of trading as it takes much time and the return from it is quite uncertain.
Baccasa34
Jan 08 at 12:23
75 Posts
A regulated broker allows traders with numerous trading advantages that ultimately increase traders’ return. There are several brokers on the market so you should select one of those with a very caution.
electrica333
Jan 09 at 11:34
80 Posts
It is crucial to trade with a regulated broker to be protected on all fronts. So when it comes to broker, I use aaafx since they are regulated and has some of tightest spreads that I'd like to see in broker.
Anner
Jan 11 at 06:42
9 Posts
I trade with an offshore broker that is regulated, I'm happy with everything.
Ester (Cothurnal)
Feb 23 at 20:31
23 Posts
Brokers working for more than 10 years are a guarantee of reliability.
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