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regulated forex broker is better 2 Years, 5 Months ago
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Yes, of course. Anything can happen, especially if the broker is not regulated.
When a broker is regulated, there is a watchful eye over all the broker's activity. There are tones of broker online which are not regulated at all. This means, that technically, they can do whatever they want with the trader's money!!
For example:
US brokers are regulated by NFA (National Futures Association).
UK brokers are regulated by FSA (Financial Services Authority).
Swiss brokers are regulated by FDF (Swiss Federal Department of Finance).
With unregulated forex broker, in case of bankrupcy, there is not much a trader can do. In the constrast, with regulated forex broker, a trader can file complaints, file for fraud etc.
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Re:regulated forex broker is better 2 Years, 3 Months ago
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What about offshore brokers not regulated by NFA, FSA, etc? I trade with one and feel comfortable doing that, though it is regulated in Panama and Uruguay.
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Ted
Fresh Boarder
Posts: 12
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Re:regulated forex broker is better 1 Year, 6 Months ago
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In my opinion, going with regulated forex brokers in Uruguay and Panama are safe.
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Re: regulated forex broker is better 4 Months, 1 Week ago
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I have an account with the regulated off shore broker for more tham a year, Inspite of they are not under FSA or CFTC, these guys are really decent, at least they keep all their promises.
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Re: regulated forex broker is better 1 Week ago
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can you give the names of these brokers?
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Ted
Fresh Boarder
Posts: 12
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