cashonmymind
Členom od Jan 22, 2021
6 príspevkov
Jan 30 2021 at 17:48
Should I go for a regulated broker or the unregulated one?
Gabriel99
Členom od Oct 07, 2019
39 príspevkov
Feb 01 2021 at 11:08
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.
forextrader777
Členom od Jan 16, 2021
133 príspevkov
Feb 02 2021 at 12:05
It solely depends upon the type of services you want. Just note down your needs and then filter which one is better for you.
Chelsea Blacks
(blackChelsea)
Členom od Jan 22, 2021
125 príspevkov
Feb 05 2021 at 10:11
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.
Joz8
Členom od Nov 19, 2020
104 príspevkov
Feb 05 2021 at 11:56
blackChelsea posted:Trading conditions are one thing, but what about security of funds? Don't you think regulated brokers are much better and safer option?
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.
Kazile
Členom od Apr 25, 2020
119 príspevkov
Feb 17 2021 at 07:11
The difference between these brokers is really obvious - you, and everyone must choose for himself what is best for him.
Suarez
Členom od Jun 01, 2020
55 príspevkov
Feb 17 2021 at 10:38
Regulated certainly if you want to be safe.
robindude
Členom od Dec 11, 2020
110 príspevkov
Feb 18 2021 at 08:56
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
AurelieFrancis
Členom od Jan 14, 2021
61 príspevkov
Feb 18 2021 at 13:37
'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.'
Whereas in unregulated brokers the only way to solve the issue is to reach the broker's customer support members.'
Vanza Dorbey
(vanzadorbey)
Členom od Jan 17, 2021
31 príspevkov
Feb 18 2021 at 22:47
Newer work with unregulated broker.
MichaelEX
Členom od Jan 21, 2021
48 príspevkov
Feb 20 2021 at 09:22
The non-regulated brokers wouldn't surely incorporate standards in their practices which is risky for traders. I would suggest going with regulated brokers.
cardigan
Členom od Jul 27, 2020
102 príspevkov
Feb 22 2021 at 11:11
Disliked the idea of the offshore brokers, to be honest. There are so many unfinished business going on with them
johnsonfiff
Členom od Dec 23, 2020
20 príspevkov
Feb 26 2021 at 10:15
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.
Antonio_K
Členom od Nov 17, 2020
27 príspevkov
Feb 26 2021 at 12:08
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.
DanielGlaus
Členom od Feb 23, 2021
26 príspevkov
Mar 01 2021 at 19:19
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.
Parker09
Členom od Jan 14, 2021
64 príspevkov
Mar 02 2021 at 14:12
'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.'
Whereas Unregulated brokers, there is no guarantee that the invested capital is safe and if its a scammer or true broker.'
nikosk0
Členom od Dec 18, 2019
29 príspevkov
Mar 02 2021 at 14:25
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.
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.
triticieek
Členom od Dec 18, 2020
35 príspevkov
Mar 22 2021 at 10:02
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.
Sar John
(Sarjohn)
Členom od Dec 28, 2020
187 príspevkov
Mar 24 2021 at 08:19
Go for the regulated one, your money and personal data will be secured always.