Broker and regulations
Uczestnik z Aug 10, 2021
176 postów
Aug 13, 2021 at 03:20
Always choose a regulated broker and check it services before investing your money.
BrokerChoice (ChanKaiTai)
Uczestnik z Aug 13, 2021
43 postów
Aug 13, 2021 at 04:25
Choosing a good broker is vital. However, it really depends in which country u are. Some brokers are just banned in your countries. You have to check carefully. Do not waste time on some brokers, searching for spread, rebate, etc, and it turns out you just cannot open a trading account due to the licensing problem...
Uczestnik z Aug 04, 2021
9 postów
Aug 13, 2021 at 09:43
There are also different leverage options depending on what country you are in. Most only offer 1:30 now. Used to be able to get 1:1000
BrokerChoice (ChanKaiTai)
Uczestnik z Aug 13, 2021
43 postów
Aug 13, 2021 at 10:02
notoriousfox1 posted:still getting 1;500 is easy, adjustable
There are also different leverage options depending on what country you are in. Most only offer 1:30 now. Used to be able to get 1:1000
Uczestnik z Mar 17, 2021
536 postów
Aug 15, 2021 at 08:30
croisssan posted:Yes. You are right.
It is important that everything is regulated and without interference. In this case, you can still work.
Uczestnik z Jul 19, 2020
751 postów
Sep 04, 2021 at 14:02
@RobertFerrari Yes without good regulated broker, it is not wise to trade Forex online. Unregulated broker can be dangerous later.
Uczestnik z Mar 28, 2021
617 postów
Sep 05, 2021 at 05:00
Brokers are the medium by which we can trade Forex online. But for trading we need a good regulated broker.
Suradi (FXOday)
Uczestnik z Apr 03, 2021
470 postów
Oct 26, 2021 at 22:36
I use regulated broker, the company has regulated by ASIC, FCA, and Cysec, I think the regulated broker is important to pay attention to, although not all regulated broker is good, besides regulation, also review among trader, broker that has reliable and trusted, they will get positive review among trader,
Uczestnik z Oct 17, 2018
103 postów
Oct 31, 2021 at 16:53
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)
Uczestnik z Apr 09, 2019
538 postów
Dec 10, 2021 at 17:47
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)
Uczestnik z Aug 05, 2021
401 postów
Dec 10, 2021 at 17:49
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!
Uczestnik z Jul 20, 2020
399 postów
Dec 11, 2021 at 10:37
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)
Uczestnik z Mar 15, 2019
82 postów
Dec 12, 2021 at 23:28
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.
All or nothing
Uczestnik z Mar 03, 2019
57 postów
Dec 27, 2021 at 14:01
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.
Uczestnik z Oct 29, 2021
70 postów
Jan 03, 2022 at 09:41
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
Leverage
Low trading cost
Uczestnik z Jun 12, 2021
132 postów
Jan 04, 2022 at 07:30
generally we the traders keep a great believe to trade in a regulated broker always safe but practically the real situation is totally different.
Karlos Fandango (Smith2525)
Uczestnik z Mar 15, 2019
82 postów
Jan 04, 2022 at 23:30
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.
All or nothing
Uczestnik z Mar 28, 2021
617 postów
Jan 09, 2022 at 12:13
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.
