Dear members firstly welcome to my blog! As a trader myself I can really understand the importance of finding not only the best forex broker but a regulated one. Here I will dedicate my time to helping others understand the reasoning behind these important points.
Today I will explain what a regulated forex broker is and would encourage others to give their view.
Firstly a forex broker that is regulated is a member of a regulated financial authority. This means their corporate activity is checked and scrutinized, ensuring they observe a set of strict rules and procedures.
Checking a forex broker is regulated is easier than you might think. Due to past problems in the financial markets, the regulation status of each regulated forex broker must be displayed on their website. By using this information you can also get a better insight into the past performance of the forex broker.
Making your decision of which forex broker to go with is not an easy task – each forex broker has different leverage levels, capabilities and trading conditions. Even with all of these factors to consider, your first question must always be “Is this Forex broker regulated?”
The second question you should ALWAYS be asking yourself is this.