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[Razor1911]

There are so many brokers that are running in the forex market. All of them provides good features and bonuses to attract its customers. But when you search for a brokers you must always check whether the broker is regulated or not.

Since there also many sites which are just scams. They will never pay you money. So you must always stay away from them and regulation helps you in that. If a site is regulated, it is bound to be answerable to its regulatory body. So in case they don't pay you, you can't complain there. But a unregulated broker can scam you and don't have anyone to seek help. So always look out for regulations before investing in a broker.

 

[Bousine00]

There are so many brokers that are running in the forex market. All of them provides good features and bonuses to attract its customers. But when you search for a brokers you must always check whether the broker is regulated or not.

Since there also many sites which are just scams. They will never pay you money. So you must always stay away from them and regulation helps you in that. If a site is regulated, it is bound to be answerable to its regulatory body. So in case they don't pay you, you can't complain there. But a unregulated broker can scam you and don't have anyone to seek help. So always look out for regulations before investing in a broker.

Yeah, this is an important factor to put in mind also. But most brokers claim to be regulated while they are not, that's why you need to perform a background check always.

 

[a_jerobon]

That is very good advice. One should realky go for a regulated broker to avoid being scammed. That is a factor that I will consider when choosing a broker if I start forex trading.

 

[Ofonime]

I think as long as the capital we use is small then. regulation is not so important, because the most important thing is that the broker always pays and the process can be fast

You dont have to say that because every single penny now that loss online come with pains,so a broker must be regulated and this are some of the factor that will proof that the broker is legit so trading with them or such broker must be confident

 

[Acrosin]

I use Deriv for trading binary and it is good. But seriously it has become a difficult thing to earn these days. Probably the brokers are not trustworthy or something is wrong with the platform. I have stopped now and moving to Crypto

 

[LutherKing]

Well Large Deposit Doesn't Particularly Shows A Company Is Trustable , The Thing That Matters Is That Research Must Be Done On Our Side To Be Honest

 

[Wisdom01]

There are so many unregulated brokers and there are platforms to check if the broker is real or fake to be very sure before making final conclusion , using a regulated broker makes you have confidence in keeping your investment in the platform

 

[Flower]

The information you provided is very helpful. So many brokerage are not listed in the forex market. It's very important that we check the listing before putting our money.

 

[LutherKing]

Many Real Brokers In Market , Any Many New Coming , Research Of Readers Is Necessary And Mandatory , Missing The Part Can Be Worst , Plan for the Good

 

[greenman]

Have heard IC markets and Fxpro are also nice regulated brokers.

 

[Razor1911]

The information you provided is very helpful. So many brokerage are not listed in the forex market. It's very important that we check the listing before putting our money.

You can easily search on Google about that. Even in regulator's own site, the brokers might be listed. Some brokers also may claim to be falsely regulated, we must also bust them.

 

[LutherKing]

Yes , but you can easily find such sites repo , the internet is easy option to find things about any business and its not difficult at the moment tbh

 

[Flower]

You can easily search on Google about that. Even in regulator's own site, the brokers might be listed. Some brokers also may claim to be falsely regulated, we must also bust them.

The broker should have trhr the Apex regulatory body that would look into the activities of the brokers. Sanctioning should be melted on brokers who flaut regulations.

 

[Ehnamuram]

There are many more decent reliable ways to make money online, but if you really have to trade I'll say that you should choose a broker with reputable backing. The last thing you want is the false hope that you're making money when you're really not.

 

[Mariappa45]

Not all forex brokers are legit, that's why we need to run the mathematics on our own by making reviews to find out which one is legit.

 

[Razor1911]

Not all forex brokers are legit, that's why we need to run the mathematics on our own by making reviews to find out which one is legit.

If you search, you will find there N no.s of brokers floating around, and many of them are fake. It's better to search only for the regulated broker, and join their service.

 

[Alphajack]

You dont have to say that because every single penny now that loss online come with pains,so a broker must be regulated and this are some of the factor that will proof that the broker is legit so trading with them or such broker must be confident

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[shrey1408]

You dont have to say that because every single penny now that loss online come with pains,so a broker must be regulated and this are some of the factor that will proof that the broker is legit so trading with them or such broker must be confident

But mate, if forex brokers are regulated, then the payment options will become very less and each member have to verify their identity to trade, so underage people may not be able to trade.

 

[ashim kate]

Forex is a particular industry in which a lot of money is usually injected into. As the Central Bank it will be a very big mistake for you not to regulate their activities because there is a tendency that they are going to exploit your citizens or they are even going to pull the rug one day and leave a lot of people in massive debt

 

[dorcasy]

There are so many brokers that are running in the forex market. All of them provides good features and bonuses to attract its customers. But when you search for a brokers you must always check whether the broker is regulated or not.

Since there also many sites which are just scams. They will never pay you money. So you must always stay away from them and regulation helps you in that. If a site is regulated, it is bound to be answerable to its regulatory body. So in case they don't pay you, you can't complain there. But a unregulated broker can scam you and don't have anyone to seek help. So always look out for regulations before investing in a broker.

I am not in a haste to select brokers that's why I implore people to carry out their research foremost before using any broker.
I have actually not encountered any challenges with broker or people making complain. But it won't be bad to do proper check because as the day goes by new brokers are coming forth.