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Regulated broker vs. Unregulated broker

Jan 30, 2021 at 17:48
Vues 1,156
30 Replies
Membre depuis Jan 22, 2021   posts 6
Jan 30, 2021 at 17:48
Should I go for a regulated broker or the unregulated one?
Membre depuis Oct 07, 2019   posts 39
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.
Chelsea Blacks (blackChelsea)
Membre depuis Jan 22, 2021   posts 125
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.
Membre depuis Nov 19, 2020   posts 104
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?
Membre depuis Apr 25, 2020   posts 119
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.
Membre depuis Jun 01, 2020   posts 55
Feb 17, 2021 at 10:38
Regulated certainly if you want to be safe.
Membre depuis Dec 11, 2020   posts 110
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
Vanza Dorbey (vanzadorbey)
Membre depuis Jan 17, 2021   posts 31
Feb 18, 2021 at 22:47
Newer work with unregulated broker.
Membre depuis Jan 21, 2021   posts 48
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.
Membre depuis Jul 27, 2020   posts 102
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
Membre depuis Feb 23, 2021   posts 26
Mar 01, 2021 at 19:19
The basic and the most visible function of foreign exchange market is the transfer of funds (foreign currency) from one country to another for the settlement of payments. It basically includes the conversion of one currency to another, wherein the role of FOREX is to transfer the purchasing power from one country to another. And traders make profit in the price gap created by simply and demand of a currency.
Membre depuis Dec 18, 2019   posts 29
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.

Membre depuis Dec 18, 2020   posts 35
Mar 22, 2021 at 10:02
That depends on the broker and what they are offering. If it is a reputed platform, it doesn’t matter if it is regulated or not.
Sar John (Sarjohn)
Membre depuis Dec 28, 2020   posts 187
Mar 24, 2021 at 08:19
Go for the regulated one, your money and personal data will be secured always.
Membre depuis Oct 20, 2020   posts 49
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.
Membre depuis Mar 17, 2021   posts 536
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.
Membre depuis Jul 23, 2020   posts 759
Aug 08, 2021 at 03:46
I will always prefer a regulated broker.
yana hansen (78678676)
Membre depuis Oct 16, 2020   posts 137
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.
BrokerChoice (ChanKaiTai)
Membre depuis Aug 13, 2021   posts 43
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...
Membre depuis Oct 20, 2020   posts 49
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.'
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