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How to choose a regulated forex broker?

Nov 06, 2018 at 07:50
Vistas 4,142
121 Replies
Miembro desde Oct 13, 2022   posts 2
Oct 16, 2022 at 08:51
HiramKisch posted:
Forex helped me create my first savings, but trading is too risky now. Now it is better to spend money only on what is necessary.
The necessary expenses include what you can't live without food, a transport pass, and buying clothes. You need to understand that in the listed types of spending, there is something that you can do without or optimize expenses. For example, it is impossible without bread, but without a pack of chips, it is quite possible. Or it is necessary to pay for mobile communication, but online games are unnecessary expenses. Sometimes you should treat yourself to something pleasant as a reward. Otherwise, depression will be overcome. I learned to save money thanks to recommendations from the site, which I highly recommend to everyone.
HeavenLeighGill (HeavLeighGill26)
Miembro desde Aug 05, 2021   posts 401
Oct 21, 2022 at 16:04
There are a lot of things to consider when choosing a broker, and different traders will have different needs. Some things to consider:
Account types/minimum deposit
All costs (spreads, commission, withdrawal fees, inactivity or other hidden fees)
Deposit/withdrawal methods and timeframe
Available assets for trading
Customer service

On another note, regulation is just an illusion of safety. I had a lot of friends that got burned by Veracity and they thought they were safe because they were regulated. In some cases, offshore may be better. I think the best thing to do is read customer reviews - I'd much rather go unregulated with better reviews than a crappy regulated broker that doesn't really care about their customers.
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