Regulated broker vs. Unregulated broker

Jan 30, 2021 at 17:48
1,711 Angesehen
28 Replies
Mitglied seit Jan 22, 2021   6 Posts
Jan 30, 2021 at 17:48
Should I go for a regulated broker or the unregulated one?
Mitglied seit Oct 07, 2019   39 Posts
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.
Mitglied seit Jan 22, 2021   125 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.
Mitglied seit Nov 19, 2020   104 Posts
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?
Mitglied seit Apr 25, 2020   119 Posts
Feb 17, 2021 at 07:11
The difference between these brokers is really obvious - you, and everyone must choose for himself what is best for him.
Mitglied seit Jun 01, 2020   55 Posts
Feb 17, 2021 at 10:38
Regulated certainly if you want to be safe.
Mitglied seit Dec 11, 2020   110 Posts
Feb 18, 2021 at 08:56
If you want your funds not to end up taken away from you, my suggestion is to go for regulated broker. You can look into myfxbook spreads link and click on regulated option and choose mentioned brokers
Mitglied seit Jan 17, 2021   31 Posts
Feb 18, 2021 at 22:47
Newer work with unregulated broker.
Mitglied seit Jan 21, 2021   48 Posts
Feb 20, 2021 at 09:22
The non-regulated brokers wouldn't surely incorporate standards in their practices which is risky for traders. I would suggest going with regulated brokers.
Mitglied seit Jul 27, 2020   102 Posts
Feb 22, 2021 at 11:11
Disliked the idea of the offshore brokers, to be honest. There are so many unfinished business going on with them
Mitglied seit Dec 18, 2019   31 Posts
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.

Mitglied seit Dec 28, 2020   187 Posts
Mar 24, 2021 at 08:19
Go for the regulated one, your money and personal data will be secured always.
Mitglied seit Oct 20, 2020   49 Posts
Mar 24, 2021 at 13:29
I prefer trading with a regulated broker rather than an unregulated one because regulated brokers are much more reliable, and a government authority regulates it. Hence, traders feel that their invested capital safe.
Mitglied seit Mar 17, 2021   536 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.
Mitglied seit Jul 23, 2020   759 Posts
Aug 08, 2021 at 03:46
I will always prefer a regulated broker.
Mitglied seit Oct 16, 2020   137 Posts
Aug 12, 2021 at 05:54
Unregulated brokers are an absolute no no. If anything goes bad, they do not take responsibility. Your money is only safe with a regulated broker.
Mitglied seit Aug 13, 2021   43 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...
Mitglied seit Oct 20, 2020   49 Posts
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.'
Mitglied seit Aug 14, 2020   40 Posts
Aug 15, 2021 at 15:16
I'll always vouch for regulated brokers.
Mitglied seit Jun 15, 2021   20 Posts
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.
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