Discussion in 'Forex Brokers' started by Arleigh, Nov 8, 2017.
Hi, I would like to if how would I know if the broker is regulated?
As a trader we should always look for a regulated and trusted broker, that's why searching carefully and wisely in a broker is mandatory for us as a trader we can avoid fraud. Basically, You will know if the broker is regulated if it is registered or under licensed in CySEC (Cyprus Security) and the second major CySEC ruling is the mandatory participation in the Investor Compensation Fund (ICF), and that will provide a safe and secure trading environment and also that can provide all the knowledge and tools that the trader needs in a trading.
most of the time a regulated broker provide or show its regulation on its own website.
Regulated brokers should present their license/registration information on their websites. When you find their license or registration number - proceed to the respective regulator's website and find the company's profile there using that number. Then, make sure the data matches. For example, the license should cover Forex trading services and the website (domain name) should usually be mentioned somewhere in the profile (under something like 'Doing business as').
Which license puts a broker in the top list of professional choice? FCA or NFA?
Both are solid regulatory agencies. Their rules regarding the trading restrictions are very different though. So, a trader should study the specific conditions that would affect his trading and choose accordingly.
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