Regulated broker vs. Unregulated broker

Should I go for a regulated broker or the unregulated one?

Not sure about unregulated, take this recent incident of paxforex. Their domain got banned and imagine the trauma their clients must've had to face. According to me, it is always best to go with regulated ones like Fxview or ICM or XM. They are trusted and safe.

It solely depends upon the type of services you want. Just note down your needs and then filter which one is better for you.

I would suggest having both, do demo trading on both and then decide which one is better. But this will be only possible if you use demo accounts effectively.

blackChelsea posted:
I would suggest having both, do demo trading on both and then decide which one is better. But this will be only possible if you use demo accounts effectively.

Trading conditions are one thing, but what about security of funds? Don't you think regulated brokers are much better and safer option?

The difference between these brokers is really obvious - you, and everyone must choose for himself what is best for him.

Regulated certainly if you want to be safe.

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

'Regulated brokers are considered safer than an unregulated broker. Any issues regarding the capital invested can be taken towards their regulated body and file a complaint on the broker.

Whereas in unregulated brokers the only way to solve the issue is to reach the broker's customer support members.'

Newer work with unregulated broker.

The non-regulated brokers wouldn't surely incorporate standards in their practices which is risky for traders. I would suggest going with regulated brokers.

Disliked the idea of the offshore brokers, to be honest. There are so many unfinished business going on with them

Though it is advised to use regulated brokers, I don’t think there is any harm in giving unregulated brokers a try. They offer better features and let you trade the way you want to without putting any restrictions.

Been using only regulated brokers (currently fxview) ever since i started trading because they are not just safe but also offer good trading conditions. With offshore you run the risk of losing your funds which is really threatening for me at least.

The basic and the most visible function of foreign exchange market is the transfer of funds (foreign currency) from one country to another for the settlement of payments. It basically includes the conversion of one currency to another, wherein the role of FOREX is to transfer the purchasing power from one country to another. And traders make profit in the price gap created by simply and demand of a currency.

'Regulated brokers are more reliable than unregulated brokers, and most traders prefer trading with a regulated broker because of government regulation, and the invested capital is safe.

Whereas Unregulated brokers, there is no guarantee that the invested capital is safe and if its a scammer or true broker.'

i;ve been with regulated brokers (not if the first class) they are kidna good. just switched my accounts to saxo and oanda.
nothign beats them, they are more expensice based on comitions ans spread but dont care.

customers service, suppport, security, are top notch.
+ a ton of extra features that no one esle has.

That depends on the broker and what they are offering. If it is a reputed platform, it doesn’t matter if it is regulated or not.

Go for the regulated one, your money and personal data will be secured always.