For new trader, finding a regulated broker is VERY important.

I saw so much scam in the market. Mt4 is relatively cheap to set up. Just buy up the license from Metaquote and you can start your server.

So, always look into some big licenses to choose your broker such as FCA(UK), ASIC(AUS), CySEC. I have been working to differentiate which is which for years...
This is my only reminder to you all. Spread is very minimal to your profit if you are doing mid-long term trading.
Stability is king

Good information. You have to invest in trading depending on the broker. Profit is to be made by combining broker and knowledge. That is why regulated brokers are needed to keep this fund safe.

As for me, this is far from the most important aspect now. There are also brokers that are regulated but can cheat.

It is better to choose a licensed broker in trading. There is less chance of getting cheated.

With regulated brokers you get restricted with the leverage, and beginners do not have much capital initially so they need high leverage.

As far as I concerned brokers play a big role, especially when we speak about new traders. They always bother about safety of their accumulations, hence they must find a fully regulated and reliable broker in order to be confident that everything will be ok with their money. It makes them more concentrated on trading activity and the won't be worrying about their deposits during trading session. I think that it's pretty hard to find such a broker when you're a rookie, nevertheless it's possible. It's enough to make some efforts and everything will be ok. This process might be quite exhausting, however it brings a lot for traders.

AliaDare posted:
It is better to choose a licensed broker in trading. There is less chance of getting cheated.

Yes. I agree with you.

For any trader, a good regulated broker is important. You can not put your money into an unregulated broker. Your money can be frozen by without any problems.

@Akasuki Yes you are right. For online Forex trading, a regulated broker is very important. We can't trust unregulated broker where money is involved. It's better to stay safe.

The most critical requirement for a successful trading career is trading with a regulated broker.

Absolutely right! It is also important to work with this broker on a demo account.

It's important to identify brokers who are reliable and viable and to avoid the ones that are not.

LyudmilLukanov posted:
It's important to identify brokers who are reliable and viable and to avoid the ones that are not.

Self research is the best way to find he best broker from this market.

AliaDare posted:
It is better to choose a licensed broker in trading. There is less chance of getting cheated.

A well-regulated as well as licensed broker can be essential for trading forex online. If not, our funds could be frozen or be swindled.

RobSchiz posted:

AliaDare posted:
It is better to choose a licensed broker in trading. There is less chance of getting cheated.

Yes. I agree with you.

You must have a license to trade. This helps us to keep our investment safe. It is easy to invest in a broker's license.

Akasuki posted:

AliaDare posted:
It is better to choose a licensed broker in trading. There is less chance of getting cheated.

A well-regulated as well as licensed broker can be essential for trading forex online. If not, our funds could be frozen or be swindled.

You must have an idea about the regulation of the broker if you want to trade. It is risky to trade in that broker without a license.

We all know that broker serves as an intermediary in Forex. Broker’s security is highly important for you if your trading capital is significantly large.

I think it is equally important to find a reliable broker. For sometimes these two concepts still mean completely different things.

As someone who has done a ton of research and comparison for different brokers, I have to say that regulation doesn't always equal safety like most believe. If you look into what happened with Veracity (just for one example), you see that the clients got burned and most felt like they were secure because of the regulators. Reviews from real people is always what makes me feel more secure. Also, offshore brokers can be cheaper and usually have much more flexible leverage!