Experiences with regulated firms

What about sharing stories with your brokers given they were regulated and you still had concerns?
I would be a good listener here and won’t be jumping in much.
Appreciate your responses.

Initially when I started trading, the broker I joined in the beginning (don’t wanna name them here now) seemed good to me, showcasing suitable conditions and they were regulated of course but i did not like their services at all, queries went unresolved no support answerable and latency was major issues and it was difficult to regain the trust over brokers again. But fortunately, my perception changed after I came across fxview. The broker's support is what impressed me. As i was very cautious and questionable at every step, they were able to handle my queries well.
I'd say all in all, most of us come across such brokers and then loose our trust, but we should be aware, its not the same with every broker.

Now there are so many brokerage companies and offers from them that you can easily go crazy. But in practice, half of the offered services do not attract attention at all. I am not very happy with it, because it focuses attention on some unnecessary things.

Always trade with strong regulated brokers

With so many brokers in the market, finding a good one catering to all of your requirements is a difficult task. You will have to compromise with one or the other area of the broker.

If the broker is regulated, it is possible to make simple deposits and withdrawals. These brokers usually have low spreads. And they always support the clients.

Sense of security and peace of mind you get with a regulated broker is something that I give the highest weightage while opting for a broker. Until you get the confidence that your money is safe, even after losing some trades, you can't keep the momentum going in this field of trading.

Checking the background of the broker is very important, like their partners and all. The ones you’ve mentioned (cmc markets, fxview) seem alright to me. Both are FCA regulated.

New to trading, can anyone explain to me how the forex broker regulations work in Europe. How are Cysec regulated brokers?

The forex regulation in europe comes under the guidelines of MiFID, hence all the EU members follow the same set of rules and regulations. I have been using Fxview for the last few years, BTW its Cysec regulated and my experience with them has been smooth till now. I have tried other brokers also, regulated in different EU countries and with none of them I found any issue. In short, if you are looking for a new broker always go for a regulated one.

Thank you for this thread. I am so glad that I gave in to my friend’s pushes and opened a forex trading account. It has been precisely 5 months of trading in total for me, including 20 days of demo, and I have made more money than I did in a year of doing stupid jobs. I was spending more to keep myself entertained earlier than I was saving. And now all the money I earn while trading currencies on Fxview just go into savings. I know about the risks involved but if you are careful with your trades and have a well defined plan, there's only going to be gain.

I haven't had any bad experiences with regulated brokers. I'm sure not all of them are perfect, but they are definitely a safer choice than unregulated ones.

Regulation in this business is synonymous with security for me.
And this is really important at a stage when you choose a company and strive for long-term stability.

Regulations does matter, but there's another crucial thing. I mean how hard can it be to get a piece of stamped paper! I think it’s also important to look into the history of the broker. See the number of transactions undertaken, the founders history, things like that.

Frankly, I don’t know the name Fxview, should I be scared for you?

A broker can be your friend in this journey. But for that you have to chose a regulated and reliable firm. Otherwise, you can face a great loss.

It doesn’t matter to me if my broker is regulated or not. I make good profits on my trades and I’m happy about it. No more, no less.

It will be interesting. After all, each of us has so different preferences and views that we will certainly be able to gain new experiences through this. Each trader is a big personality and now you can see it!

Tyronemings654 posted:
It doesn’t matter to me if my broker is regulated or not. I make good profits on my trades and I’m happy about it. No more, no less.

Well that's fine but I do feel regulated brokers are much better since one need to worry much about the safety of funds with them.