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Broker and regulations

Daniel993
Oct 29 2021 at 09:58
46 ieraksti
'It is important to trade with a reliable regulated broker that has good trading conditions. A broker with proper regulation gives traders the feeling of having a secured trading account.'

Pezza
Oct 31 2021 at 16:53
61 ieraksti
For higher leverage it's worth checking out some off shore brokers. A lot of people always recommend a regulated broker & I understand their thinking but they are also very restrictive. I have used unregulated brokers with no issue. You just need to do your research.

Seb King (sebking1986)
Dec 10 2021 at 17:47
362 ieraksti
I don't think it is as important as it used to be personally, particularly to those in the US who are hamstrung by regulations that actually offer little in the way of fund protection, all the while limiting their trading conditions. That's not to say all unregulated brokers are good. Just that they shouldn't be dismissed out of hand.

If you can't spot the liquidity then you are the liquidity.
HeavenLeighGill (HeavLeighGill26)
Dec 10 2021 at 17:49
219 ieraksti
I’m from the US as well and wound up going with an offshore broker because options were limited and I was able to trade with higher leverage. In this case, I’d also recommend CedarFX to you because they seem to fit the criteria you’re looking for as far as low costs and high leverage. You can open a 0 commission account there with decent spreads, no extra fees, and leverage up to 1:500. Hope this helps!

CraigMcG2020
Dec 11 2021 at 10:37
294 ieraksti
Pezza posted:
For higher leverage it's worth checking out some off shore brokers. A lot of people always recommend a regulated broker & I understand their thinking but they are also very restrictive. I have used unregulated brokers with no issue. You just need to do your research.


I use them too. I have found them solid and lots more options to trade and some have same day withdrawals now too

Karlos Fandango (Smith2525)
Dec 12 2021 at 23:28
82 ieraksti
For me there are far more important factors to consider then selecting a broker. Whether or not they are regulated is way down my list in selection criteria. Here in Australia, they limited our leverage earlier in the year. If I want to choose a regulated option here, my only option is accepting a maximum of 1:30 leverage.... Having traded with 1:500 leverage for 4 years before hand, there is no way my strategy would be worth my time with so little leverage. For me, trading conditions, reviews, customer service and the test of time is far more important.

steveday1976
Dec 27 2021 at 14:01
57 ieraksti
I prefer to use Offshore brokers. I find that they tend to offer better trading conditions such as a higher leverage and lower commission. I like to trade crypto 24/7, which most onshore brokers don't seem to offer.

miguelcaron
Jan 03 at 09:41
69 ieraksti
DYOR is important before choosing a broker, I compared and shortlisted several brokers before finally signing up with turnkeyforex for 2 prime reasons:
Leverage
Low trading cost

Cizel89
Jan 03 at 10:04
63 ieraksti
No matter what, regulations are very essential when it comes to choosing the forex broker. It is a good suggestion to do your own research while picking the right forex broker.

croisssan
Jan 03 at 15:53
939 ieraksti
Unfortunately, now many companies sometimes allow regulation, which is not at all the most positive point. I advise you to pay attention to this, so as not to work with such a company.

AndrewMcCalam54
Jan 04 at 07:30
103 ieraksti
generally we the traders keep a great believe to trade in a regulated broker always safe but practically the real situation is totally different.

RobertFerrari
Jan 04 at 08:04
371 ieraksti
AndrewMcCalam54 posted:
generally we the traders keep a great believe to trade in a regulated broker always safe but practically the real situation is totally different.

You have to be very careful when you are going to choose a broker for you.

Davidfx89
Jan 04 at 08:15
125 ieraksti
do you believe the broker regulation ?

Karlos Fandango (Smith2525)
Jan 04 at 23:30
82 ieraksti
Cizel89 posted:
No matter what, regulations are very essential when it comes to choosing the forex broker. It is a good suggestion to do your own research while picking the right forex broker.


Do you apply the same theory with cryptocurrency?

If a crypto is regulated or 'centralized' people will tell you to avoid it.

Akasuki
Jan 09 at 12:13
500 ieraksti
It's not only the wrong broker that is the cause of problems. A bad broker is clearly an issue for trading. Alongside a reliable broker, traders have to be skilled.

Stel386
Jan 10 at 08:18
15 ieraksti
A decent broker + good trading skills = great trading journey.

Davidfx89
Jan 10 at 09:13
125 ieraksti
choosing a broker is a big deal in this market place , because there is no one who can bring success from this trading place without a reliable support from a credible trading broker.

ddarko3
Jan 10 at 10:50
70 ieraksti
Akasuki posted:
It's not only the wrong broker that is the cause of problems. A bad broker is clearly an issue for trading. Alongside a reliable broker, traders have to be skilled.


Stel386 posted:
A decent broker + good trading skills = great trading journey.


Couldn't agree more about these.

windpower
Jan 10 at 14:25
9 ieraksti
So many scam brokers out there. It is hard to find a real legitimate one. Even the regulated ones can have big swap or withdrawal fees that take all the profit

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