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Regulated broker vs. Unregulated broker

SteveHanks
Mar 24 2021 at 16:57
536 Posts
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.
RobSchiz
Jul 26 2021 at 17:12
567 Posts
A regulated broker is very important to make a good trading career in this market.
SofieAndreasen
Aug 08 2021 at 03:46
759 Posts
I will always prefer a regulated broker.
yana hansen (78678676)
Aug 12 2021 at 05:54
137 Posts
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.
croisssan
Aug 12 2021 at 13:36
939 Posts
As for me, it is better to choose a broker that is regulated. It's more reliable that way.
BrokerChoice (ChanKaiTai)
Aug 13 2021 at 04:35
43 Posts
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...
Bradley88
Aug 13 2021 at 11:26
47 Posts
'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.'
KenAdams
Aug 15 2021 at 15:16
40 Posts
I'll always vouch for regulated brokers.
zvr564
Aug 15 2021 at 16:52
20 Posts
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.
BrokerChoice (ChanKaiTai)
Aug 16 2021 at 07:31
43 Posts
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
zvr564
Aug 17 2021 at 11:54
20 Posts
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.
HeavenLeighGill (HeavLeighGill26)
Aug 18 2021 at 15:34
401 Posts
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.
RobSchiz
Aug 28 2021 at 15:18
567 Posts
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.
Unellene
Aug 31 2021 at 13:58
283 Posts
What options have you already tried?
LyudmilLukanov
Sep 01 2021 at 21:22
869 Posts
If you want to avoid scams, trade with a regulated broker.
UweMoench
Sep 06 2021 at 10:56
751 Posts
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.
Sar John (Sarjohn)
Sep 07 2021 at 06:11
187 Posts
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
Ebin
Sep 07 2021 at 09:53
42 Posts
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.
LukeRachel
Sep 07 2021 at 15:12
477 Posts
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.
SteveHanks
Nov 13 2021 at 17:44
536 Posts
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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