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Regulated broker vs. Unregulated broker
Mitglied seit Aug 13, 2021
39 Posts
Aug 16, 2021 at 07:31
zvr564 posted:
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.
u said the truth.... unregulated broker definitely has more bonus scheme to offer such as deposit bonus... you can easily tell from these, how could a regulated broker give out such luring 40% bonus... everything is just a scam but yet, you cant deny it is profitable to do so if the broker still run smoothly...
My job is to compare broker to broker for those who consult me and give out the best option for them.... So i know much how the brokers work
Aug 17, 2021 at 11:54
ChanKaiTai posted:
u said the truth.... unregulated broker definitely has more bonus scheme to offer such as deposit bonus... you can easily tell from these, how could a regulated broker give out such luring 40% bonus... everything is just a scam but yet, you cant deny it is profitable to do so if the broker still run smoothly...
My job is to compare broker to broker for those who consult me and give out the best option for them.... So i know much how the brokers work
I agree, best to run along till the broker is playing nice. I remember finprotrading before its merger with coinexx, they were so good. And now that they are back I couldn't resist going back. Thou, I agree it is always best to play safe. Keep on sharing the valuable knowledge bud! Would be of great help.
Mitglied seit Aug 05, 2021
394 Posts
Aug 18, 2021 at 15:34
Most people are going to say to go with a regulated broker because it’s safer. Generally it is, but there do seem to be some cases where it’s better to go with an unregulated broker. Countries with stricter regulation laws would be an example, as they may not have many other options. I’ve opened an account through an unregulated broker before and never had any issues, but I do realize that I could have just gotten lucky in choosing one of the best ones out there. Just be sure to do a lot of research if you do go the unregulated route.
Mitglied seit Jul 23, 2020
816 Posts
Sep 01, 2021 at 21:22
If you want to avoid scams, trade with a regulated broker.
Sep 07, 2021 at 06:11
UweMoench posted:
When it comes to trading, there is no alternative to regulated and licensed brokers. Never go for unregulated broker. No matter how lucrative their offers are.
Yes, and you feel safe about your funds, there is no chance of any kind of scam
Sep 07, 2021 at 09:53
I mostly prefer trading with Regulated brokers because their accounts are audited regularly, and trades feel their accounts are secured; brokers like FP Markets or CMC adhere to strict capital requirements.
Whereas unregulated brokers are risk associated, working with them can easily become disastrous since there are many scams and dealing with fraud is difficult.
Whereas unregulated brokers are risk associated, working with them can easily become disastrous since there are many scams and dealing with fraud is difficult.
Mitglied seit Mar 16, 2021
447 Posts
Sep 07, 2021 at 15:12
robindude posted:
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
Very good information. I think this will benefit many traders.
Mitglied seit Mar 17, 2021
494 Posts
Nov 13, 2021 at 17:44
RobSchiz posted:HeavLeighGill26 posted:
Most people are going to say to go with a regulated broker because it’s safer. Generally it is, but there do seem to be some cases where it’s better to go with an unregulated broker. Countries with stricter regulation laws would be an example, as they may not have many other options. I’ve opened an account through an unregulated broker before and never had any issues, but I do realize that I could have just gotten lucky in choosing one of the best ones out there. Just be sure to do a lot of research if you do go the unregulated route.
But i think regulated brokers are very much safer than unregulated brokers.
I also agree with you.
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