Broker and regulations

Daniel993 posted:
Regulation is important in a broker, and trading with either an ASIC or FCA brokers like FP Markets or FXCM, in my personal opinion is a good choice for traders.

FP markets is a good broker but it doesn’t provide trading services to residents of the US.

Always go with a regulated broker and check spread and leverage before choosing a broker.

SofieAndreasen posted:
Always choose regulated broker and test their services like spreads, leverage through demo account before investing any money.

Yes, you are right. Such a procedure should be followed to choose a broker.

the broker can affects the result of our trading with certainly , so when choosing a broker we the traders should more carefully.

Each broker has its own specific ones, which is why, when I was choosing for myself, I carefully studied the services and services of the Amatrkets broker, they suited me the most.

Tremblay posted:

melbaortega posted:
I’m sure you will find brokers with a high leverage and if they meet all your trading needs, you should open an account with them.

There are many brokers which are fake. So, be careful about choosing the broker.

Yes you are right my friend.

Indeed, all the rules are prescribed by brokers should not be all publicly available, so that the client initially understands whether they suit him or not.

Yes regulation of a broker is very important. One should not trade in any unregulated broker. With unregulated broker, your money is at risk. Be wise to choose a broker.

In unregulated broker, they may freeze your money without showing you any reason. They also create fake candles. We should pick up good regulated broker.

Many people know that there are different types of brokers, and the conditions that may affect you depend on this.

@Duktilar Yes there are many types of bkroker. But it is the trader's responsibility to find a good regulated broker. Unregulated broker can be prove dangerous if anything happens.

MT4 is a trading platform which is most popular by the traders who are particularly newcomers. In my trading career, as a newcomer from my first day of trading I have been using MT4 broker that is really comfortable to me when trading practically.

It is very difficult to find a best broker from all, because there are almost thousands brokers in online Forex trading and most of them are found to be scams. You can choose a regulated trading broker which guarantee their clients finds.

Which broker and regulation would be suitable for a beginner trader entering into forex for the first time?

so many regulated broker in online which still cheating with their clients , its review is available on FPA, anyone can check

if you trade in US with the regulated broker you will not get higher leverage. To get higher leverage say 200X you will need to trade with an unregulated broker or an offshore entity of the regulated broker. all this can be helpful in earning.

'Choosing a good broker with proper regulation is important in forex, which is why it is important to check your broker before investing in it.

I use a broker that regulated on ASIC, this is regulation Australian based, and also company regulated on FCA, which this is regulation UK based, and the company also registered in Cysec, as I know this regulation in Seychelles, and based my experience this is good and trusted broker.

In this trading place choosing a broker is very much difficult, because there are almost thousands online broker in this retail market and most of them are found to be scams. We can choose the broker which is more appropriate to the concept of trading that will be used; if you love scalping should choose the broker that allows trading concept such as this.