Are regulated broker is absolutely a trusted broker?

Hi all,

 

I see that now so many broker that have been show up now. Some are regulated and some are not, so are a regulated broker is absolutely a trusted broker or not? What we should choose from a both of that

If the broker is authorised and regulated by the UK FSA, then even if the broker goes bust, the UK govt guarantees upto 50kgbp of investor funds.

 

Are there any other regulators with such govt backing?

I think a regulated broker still have a chance to cheat their client, so the important thing when you choose a broker is this broker have been well known among the traders as a trusted broker. I know my broker Weltrade is a trusted broker is from many forum for forex too, and until now I never have a problem on my trading activity.

 

I quite agree with you, it because there's no guarantee that a regulated broker will always keep clean and be a trusted broker. So beside just see the regulation of its broker, it will be more better if we looking a broker that have been well known among the traders.

 

If the broker is authorised and regulated by the UK FSA, then even if the broker goes bust, the UK govt guarantees upto 50kgbp of investor funds.

 

Are there any other regulators with such govt backing?

 

Really? I never heard anything like that.

Use brokers with ASIC regulation. They are quite strict.

I quite agree with you, it because there's no guarantee that a regulated broker will always keep clean and be a trusted broker. So beside just see the regulation of its broker, it will be more better if we looking a broker that have been well known among the traders.

 

 

 

Really? I never heard anything like that.

 

Yes, and now it appears that the limit has been increased to 85k gbp. Look here:

 

http://www.fsa.gov.uk/pages/consumerinformation/compensation/latest/limit_increase.shtml

I think a regulated broker is a nice choice for us better than if we choose a broker that not regulated. Because like you said that there's no guarantee that a regulated broker will always keep clean and be a trusted broker. It because I use a regulated broker too now, and I never have a problem trading with this broker. You can try my broker you Weltrade yourself for prove it a scam broker or not.

Always go with a regulated broker. I was with world spreads when they went under and if it wasn't for the fact that they were regulated by the FSA I would have lost a lot of money. They were offering zero spreads which I think pushed them under. I think the lesson here is; if it looks to good to be true - it probably is!

Hi all,

 

I see that now so many broker that have been show up now. Some are regulated and some are not, so are a regulated broker is absolutely a trusted broker or not? What we should choose from a both of that

 

Yeah most of the broker. But you must be careful when choosing one. Coz some can turn out to be a scammer.

If your worried about your broker you could always keep your account size really small and only add money to it when you need to. I try to withdraw any profits soon after I've made them.

 

You could also take your money out on a Friday as both Worldspreads and MF Global were found to be bankrupt over the weekend.

If your worried about your broker you could always keep your account size really small and only add money to it when you need to. I try to withdraw any profits soon after I've made them.

 

You could also take your money out on a Friday as both Worldspreads and MF Global were found to be bankrupt over the weekend.

I agree with you, for the first using broker, better making deposit with small size. After we have agood feeling with the broker, thats the time to do the real ones :D

Regulated broker not not a guarantee of security as well

The first place I would go to checkout whether they are reliable or not is FPA.

Hi all,

 

I see that now so many broker that have been show up now. Some are regulated and some are not, so are a regulated broker is absolutely a trusted broker or not? What we should choose from a both of that

 

You should always choose a broker who is regulated and a Straight Through Processor (STP). There is no reason not to. You are after all trading with your hard-earned money. You want to make sure your broker complies fully with regulations and do not trade against you.

 

I think trust is subjective. Common sense tells me that between a regulated and a non-regulated broker, I would choose to trust a regulated broker.

 

There are many well-reputed brokers in the market but personally I am using FXPRIMUS as my trusted broker. They are a STP and has so far provided good trade execution. They also provide services such as coaching and SMS trade calls which can greatly shorten the learning curve of a new trader.

I quite agree with you, it because there's no guarantee that a regulated broker will always keep clean and be a trusted broker. So beside just see the regulation of its broker, it will be more better if we looking a broker that have been well known among the traders.

 

Really? I never heard anything like that.

 

Yeah, but i have get regulated and trusted broker, i get comfortable service from my broker now, InstaForex is my choice.

Yeah, but i have get regulated and trusted broker, i get comfortable service from my broker now, InstaForex is my choice.

So what regulator that regulating insta???

I never heard any of it

So what regulator that regulating insta???

I never heard any of it

 

Haha, that's a good one JamieFX! ;)

I will choose both of them, and i also will choose broker who give me comfortable service so i can get comfort in trading and be more focus when trading.

Always go with a regulated broker. I was with world spreads when they went under and if it wasn't for the fact that they were regulated by the FSA I would have lost a lot of money.

 

Hi

What proof did you provide to FSA about your account? Emails from the broker,about account opening ?

pfgbest was regulated correct :)

To determine whether the broker is trusted or not, we can see from the number of clients who use the broker. If many clients who use these broker, it's a reliable broker, because it is not possible for a trader will be trading with a scam broker.

Being regulated and being trusted are two different issues. If you want a broker that is reliable, find out which brokers have the Big Dog accounts such as Dukascopy which is my broker. They are the largest and I don't have any problems and I have been doing this for a long time.

Being regulated and being trusted are two different issues. If you want a broker that is reliable, find out which brokers have the Big Dog accounts such as Dukascopy which is my broker. They are the largest and I don't have any problems and I have been doing this for a long time.

 

I also don't have any problem with my broker now. If i get problem, their customers support give a solution to immediately

These are days mostly popular business is Forex. Most of the people want to learn how to make money through Forex. There have many Brokers in online But Many site or company cannot learn in proper way. They were make confusion new learners and also professional. New learner cannot choose which is the best site or company or Brokers. After research many site and read great author writer books, I had learned

First, learn every step to successful trading.

Second, apply those principles to a demo account until you prove you can create a positive expectation with 30 trades.

Third, start over with step one if you are unsuccessful in step two.

Edited February 23, 2013 by Biodun

You should always choose a broker who is regulated and a Straight Through Processor (STP). There is no reason not to. You are after all trading with your hard-earned money. You want to make sure your broker complies fully with regulations and do not trade against you.

 

I think trust is subjective. Common sense tells me that between a regulated and a non-regulated broker, I would choose to trust a regulated broker.

 

There are many well-reputed brokers in the market but personally I am using FXPRIMUS as my trusted broker. They are a STP and has so far provided good trade execution. They also provide services such as coaching and SMS trade calls which can greatly shorten the learning curve of a new trader.

 

Perfect! I have the same opinion. A regulated broker is generally the way to go if you want to be safer, it certainly helps the broker building a solid reputation.

It's not necessarily about regulation. Look at FXCM, they are us-regulated, yet they are still allowed to operate as a bucket-shop.

 

Since fx is an otc market, there is much less accountability; what you really need to look for is a broker with a good reputation and ecn access.

I will choose both of them, and i also will choose broker who give me comfortable service so i can get comfort in trading and be more focus when trading.

 

I think, the right choice of broker instead of only in regulation but whether, the broker matches the trader wishes. I choose a suitable broker for scalping.