Regulated Vs Unregulated Brokers

[NetFreak]

Yeah, me too. Would like to get knowledge from other threads. I am leaving too this thread. Goodbye.

 

[Hulu Girl]

That is good to see you that you are also leaving...

 

[Hulu Girl]

Regulated brokers are those who are registered with the financial regulatory body of their country (for example the FCA in the UK) and who must comply with the rules set down by that body. Unregulated brokers, on the other hand, do not have to comply with any rules but can behave in any manner they see fit.

 

[stoch]

Retail trading industry gradually gets more and more regulated and it's difficult for unregulated brokers to survive in this environment. That's why we see that the share of unregulated brokers gradually declines, i.e. less chances for rookie traders to walk into their trap.

 

[landorra]

Retail trading industry gradually gets more and more regulated and it's difficult for unregulated brokers to survive in this environment. That's why we see that the share of unregulated brokers gradually declines, i.e. less chances for rookie traders to walk into their trap.

And that's good news after too many years of scam brokers fooling people with impunity.

 

[Ratan Sagar]

Although regulation alone is not the only criterion which should be considered while deciding on the trustworthiness of a broker but yes-majority of the scams are committed by unregulated brokers.

 

[stoch]

Although regulation alone is not the only criterion which should be considered while deciding on the trustworthiness of a broker but yes-majority of the scams are committed by unregulated brokers.

Right, and that's why after detailed examination of all broker opportunities I now prefer only brokers which took pains to acquire FCA license. I sacrifice my opportunity to use high leverage in exchange for additional safety. Example of such brokers are Tickmill or Hotforex.

 

[landorra]

Right, and that's why after detailed examination of all broker opportunities I now prefer only brokers which took pains to acquire FCA license. I sacrifice my opportunity to use high leverage in exchange for additional safety. Example of such brokers are Tickmill or Hotforex.

Wise words I completeley agree with.