Security of the funds
Nov 19, 2020 at 08:14
(edited Nov 19, 2020 at 08:15)
Newbies should be more careful about this kind of fraud. There are many brokers who did this kind of fraud with their customers. That is why it is suggested to always trade with a regulated and a licensed broker because for regulated brokers security of funds of the client is its topmost priority.
The more your practice, the more you learn.
Member Since Jul 20, 2020
286 posts
Nov 20, 2020 at 00:57
A broker can secure an account. Proper security of the broker should be provided when a trader deposits with the broker.
Member Since Sep 14, 2020
12 posts
Dec 11, 2020 at 12:10
Probably, regulation is one of the key indicators of this. It is important. And many traders pay attention to it as a key indicator.
Dec 15, 2020 at 04:55
Indeed. looking at the number of times people get into issues in forex, its our responsibility to double check the broker's genuineness before we start trading with them, else we'll only end up wasting money with such scammers. As a pro tip, its always better to be with regulated brokers such as fxview, xm or icm so we dont expose ourselves to any kinda risk.
Member Since Nov 17, 2020
17 posts
Jan 07, 2021 at 08:39
That is right. A lot of traders are scammed very soon and the security of funds is an essential point. Traders go for regulated brokers to have some security.
Member Since Feb 19, 2017
5 posts
Jan 13, 2021 at 09:35
I find the Security of the funds mechanism of many brokers. But how secure are they? all you know is security.
It is still important that the license be verified
It is still important that the license be verified
I TRUST IN GOD
Member Since Jan 11, 2019
140 posts
Feb 04, 2021 at 11:03
I prefer a broker who is a member of ICF for the security of my funds
Member Since Dec 24, 2020
7 posts
Mar 04, 2021 at 12:15
Yes, a broker that offers security of account and funds is a must for every trader. Can’t trust just any broker these days.
Member Since Mar 16, 2021
2 posts
Mar 16, 2021 at 11:03
Everybody is concerned about the security of their funds and that’s why going to a regulated broker is the right choice because these brokers follow proper guidelines issued by the regulatory body. So, it is a must to check that your forex broker is regulated with at least one regulatory authority in order to help safeguard your deposited trading funds.
Member Since Nov 06, 2018
81 posts
Mar 16, 2021 at 14:32
If you are so worried about your funds, then go with a regulated broker. But regulation isn't everything. I've seen a few regulated brokers go bust, and customers having issues redeeming their funds.
Member Since Jul 23, 2020
816 posts
Mar 24, 2021 at 17:46
klosspiece posted:
Yes, security of funds is a big thing and it is wise to trade with platforms that are reliable.
True. After all, it is an OTC market. Always trade with a regulated broker to avoid scams.
Member Since Mar 17, 2021
494 posts
Jul 06, 2021 at 12:16
fasfolds posted:
Yes it is better to use brokers that offer some security of capital to their traders.
I agree with you.
Jul 06, 2021 at 14:04
@LyudmilLukanov Yes there is no alternative to regulated broker. There are many unregulated brokers out there online. Everyone should choose very carefully.
