Regulated broker vs. Unregulated broker

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

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.

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.

If you want to avoid scams, trade with a regulated broker.

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.

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

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.

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.