If you are looking for a good broker...

Discussion in 'Forex Brokers' started by Emibluz, Dec 26, 2013.

  1. Emibluz

    Emibluz Banned

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    Well, my friends, as it turned out to be, not all regulated brokers are reliable and not all offshore or unregulated brokers are bad. So, the question is, does regulation really have any role in this business?
     
  2. lowe

    lowe Confirmed ProfiForex Representative

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    That question still beats me till this day, regulation isn't having much effect as before!
     
  3. volatile41

    volatile41 Trader

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    If broker trades against a trader then that is one factor that matters. Simply when the trader looses the broker wins.
     
  4. globalfx

    globalfx Trader

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    Please can you explain the insurance part? What type of insurance do traders need?
     
  5. michael smith

    michael smith Banned

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    If trader has a good profit and he wants to make withdrawal, will he got his money? This is the type of insurance.

    And about the theme of topic: my broker is regulated by FSA. And I have no problems with it.
     
  6. kaito kid

    kaito kid Banned

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    This type of insurance is provided by brokers at the time of deposit so that we have the opportunity to get back the capital if we suffer losses.
     
  7. Aby123

    Aby123 Active Trader

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    For regulated brokers at least when you report you could mention names and could warn others with these names...
     
  8. kaito kid

    kaito kid Banned

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    Before you send your money to a Broker you need to carefully examine if the Broker is regulated or not.The years in the bussiness is very important.Also read reviews online and see if there is any cases against that Broker.
     
  9. michael smith

    michael smith Banned

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    Agree with you. But newcomers must read reviews in different forums (at least, different threads), 'cause there are some brokers representatives (or simply flooders), that can advertise their company by positive reviews from different names (I mean flood) or write negative reviews about competitors.

    I do not want to offend nobody by this post)

    Be Profit)))
     
  10. Aby123

    Aby123 Active Trader

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    I kinda agree that it doesn't have to do with your trading thus for me regulation and reviews is still a must to see :) Well, we just have different opinions and outlooks.
     
  11. michael smith

    michael smith Banned

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    Fully agree with your opinion) Review is the first you need to pay attention to.
     
  12. Kate

    Kate Trader

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    Of course! But if a broker has only bad reviews I will not deposit any funds to this broker :D
     
  13. Aby123

    Aby123 Active Trader

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    I must to disagree. Almost all the forums and reviews are covered up with spams and scams. MAking each brokers dirty for the benefit of the others. tsk :(
     
  14. Bill Korneus

    Bill Korneus Trader

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    True, but I think there must be also some reviews from real traders so if broker absolutely has no good reviews maybe it is really a bad broker?
    There must be at least one customer that can be pleasured or not by broker. And when you're choosing broker you're watching reviews on different forums, aren't you? IMO, three different forums must have at least one real review.
     
  15. Aby123

    Aby123 Active Trader

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    Of course there are some reviews which are genuine. But almost are not. It's so hard to tell.
     
  16. Bill Korneus

    Bill Korneus Trader

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    Yeah, competitors aren't sleeping. Given the number of brokerage companies who offer us their services, the war between them is terrible.
     
  17. Aby123

    Aby123 Active Trader

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    That is why, I won't just believe in such here says. To believe is to try lol
     
  18. Rockefeller

    Rockefeller Master Trader

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    Regulation is big + to the broker but yes it will not guarantee that you will get your money back. Risk stays.
     
  19. Aby123

    Aby123 Active Trader

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    but nowadays, regulation doesn't play much role since the complain level from offshore broker is same as the regulated ones.
     
  20. fxtrader09

    fxtrader09 Banned

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    Yup, I was looking for a Good broker few months ago. But then, I heard about OctaFx from this forum. I joined with this broker and seriously getting best services from them. I learnt so many things from that broker and making profits around the month only because of this superb broker house.
     

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