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Broker and regulations
Membro Desde Aug 13, 2021
43 posts
Membro Desde Mar 17, 2021
536 posts
Oct 26, 2021 at 22:36
Membro Desde Apr 03, 2021
470 posts
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,
Oct 31, 2021 at 16:53
Membro Desde Oct 17, 2018
103 posts
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.
Membro Desde Apr 09, 2019
538 posts
Dec 10, 2021 at 17:47
Membro Desde Apr 09, 2019
538 posts
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.
Membro Desde Aug 05, 2021
401 posts
Dec 10, 2021 at 17:49
Membro Desde Aug 05, 2021
401 posts
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!
Membro Desde Jul 20, 2020
399 posts
Dec 11, 2021 at 10:37
Membro Desde Jul 20, 2020
399 posts
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
Dec 12, 2021 at 23:28
Membro Desde Mar 15, 2019
82 posts
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
Membro Desde Mar 03, 2019
57 posts
Membro Desde Oct 29, 2021
70 posts
Membro Desde Jun 12, 2021
132 posts
Jan 04, 2022 at 23:30
Membro Desde Mar 15, 2019
82 posts
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
Jan 10, 2022 at 10:50
Membro Desde Nov 03, 2020
70 posts
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.
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