What safety measure I need to take before choosing any forex broker?

Nov 05, 2020 at 11:59
3,662 視聴
39 Replies
Oct 07, 2020からメンバー   29 投稿
Nov 05, 2020 at 12:46
Regulations, very important !
Oct 07, 2020からメンバー   29 投稿
Nov 06, 2020 at 05:00
In short you have to look for the broker which is being regulated by local authorities like FINMA in Switzerland, FSA in Denmark, AMF in France, CNWV in Spain,FMA in Austria, MFSA in Malta, CySEC in Cyprus etc. Similarly if a broker needs to undertake financial services in the UK, it has to be authorized by FCA.
Jul 28, 2020からメンバー   1 投稿
Nov 06, 2020 at 14:48
A reputable country with a good regulatory body.
Oct 23, 2020からメンバー   37 投稿
Nov 07, 2020 at 03:57
You need to make sure your money transaction is safe with the broker. Your broker should have detailed information about the security parameters they follow. You should check online at their site before investing your money.
Oct 23, 2020からメンバー   37 投稿
Nov 07, 2020 at 08:21
For me it is the withdrawal process, generally it is quite an underrated factor and overlooked by new traders. Seasoned traders will know how some brokers take quite long to process withdrawal and resort to unfair trade practices.
Jun 23, 2020からメンバー   34 投稿
Nov 11, 2020 at 04:06
Rosstaylorr posted:
It’s crazy how some brokers take only 2 or 3 days to process withdrawals while some can take a whole week. Better obviously to use ones that are speedier in this regard, fxview and XTB imo are fast when it comes to withdrawals.
withdrawals are a bliss with fxview. Mine took just one day!
Jul 20, 2019からメンバー   373 投稿
Nov 17, 2020 at 12:55
marnuslabushane posted:
feelsofine posted:
marnuslabushane posted:
davidkew posted:
Rosstaylorr posted:
It’s crazy how some brokers take only 2 or 3 days to process withdrawals while some can take a whole week. Better obviously to use ones that are speedier in this regard, fxview and XTB imo are fast when it comes to withdrawals.
withdrawals are a bliss with fxview. Mine took just one day!
do traders have much reasons to trust it, given it is unseen by a majority of pro traders?
Not necessarily maybe the broker in relatively new and we've haven't heard of it yet. Shouldn't judge. btw visited the site looks legit they've got couple of EU regulation.

This is the first thing that every professional is recommending me, are there specific regulations for Europe I need to keep in mind?

The biggest ones are ESMA in Europe. Cysec is regulated under ESMA as far as I know.
But you always need to make sure that the broker who's offering accounts under EU-regulation also must give you a proper account then. The broker is not allowed to give you an account with T&C's out of Europe. A lot of offshore and ASIC brokers are known for giving accounts that are not regulated in Europe, although on their pages it is said they also have a Cysec license. How do you know that? Just have a look on the registration-link; it usually contains something like '.eu', 'com/eu', '.eu.xyz.com'.
patience is the key
Aug 17, 2020からメンバー   123 投稿
Nov 19, 2020 at 07:37
Apart from the regulations and withdrawal, you should also check out transaction costs and execution speed when you are choosing a platform. Trying the demo account of a broker before you sign up for a real account might also be a good idea.
Oct 07, 2020からメンバー   29 投稿
Nov 21, 2020 at 09:30 (編集済みのNov 21, 2020 at 09:31)
marnuslabushane posted:
Always go with a broker that gives you the option of a free demo account. This will not only give you exposure to the forex market (if you are starting anew) but will make you familiar with the broker and its platform.

Demo accounts do tell a lot about a broker. I spent 4 months on Schwab before going live with them. Found their customer service and order execution quite all right. Never ever choose a broker before practicing on them with virtual money.
Oct 07, 2020からメンバー   29 投稿
Dec 01, 2020 at 12:41
People still fall for such stuff I’m shocked!!!
Oct 07, 2020からメンバー   29 投稿
Dec 02, 2020 at 08:12
if i was you i would choose the oldest here: icm
Jun 09, 2020からメンバー   36 投稿
Dec 04, 2020 at 12:25
Marshalsam877 posted:
Easy deposits and withdrawals are an important part of my trading. I feel so restless when I can withdraw my money quickly.
It is quite justified to feel restless when withdrawals are not on time. I did somersaults when my first withdrawal took 4 days when the broker had clearly said it wouldn't take more than 2.
Sep 30, 2020からメンバー   28 投稿
Dec 09, 2020 at 03:56
Different funding and withdrawal methods should also be taken into consideration. For instance not all brokers accept crypto, or credit cards.
Oct 07, 2020からメンバー   29 投稿
Dec 09, 2020 at 07:18
I do tend to put my withdrawal request on Fridays. Will do it on Monday next time and see. Thanks
Oct 01, 2020からメンバー   37 投稿
Dec 09, 2020 at 10:40
Attaboy! Gosh you must be ultra new to trading to not be aware of this
forex_trader_745947
Jul 08, 2019からメンバー   57 投稿
Dec 09, 2020 at 18:25
First, learn to trader
Jun 09, 2020からメンバー   36 投稿
Dec 10, 2020 at 10:36
People also know that third parties sometimes cause the delay, like your concerned bank. From broker’s end processing happens very fast. But why is this such a big issue. If you are using a regulated licensed broker, like the one in question here pepperstone or fxview, you can be rest assured.
Jul 09, 2020からメンバー   4 投稿
Dec 10, 2020 at 13:30
Now which one did you have an issue with and what. Sharing names always helps others.
Oct 23, 2020からメンバー   37 投稿
Dec 21, 2020 at 09:57
Try using regulated brokers that are good with their services. Make sure you make all the inquiries and see if the trading conditions are upto the mark. Don’t settle for less than what you need as a trader.
Jul 09, 2020からメンバー   34 投稿
Dec 22, 2020 at 07:16
1 Regulation
2 Trading conditions
3 Online reviews
I look for all these things while choosing a broker.
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