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Considering the amount and kind of scams that have long flooded the market it's quite difficult to navigate it safely indeed. It's not impossible, but it requires research, research and more research into the companies and people one wants to work with.
i don't know if this thing is global or not but in some countries investment banks are obligated to explain everything to client & record the process .some might take some sort of personality test to see how risk averse he/she is . u dont see this processes (or gov cant watch over them) in forex brokers at all ,there's just a tiny text on the bottom of screen sayin "trading is risky" . of course a beginner doesn't see that text (or will ignore it)
btw if u look in to it their business licenses come from cayman & British virgin island ! what we gonna do if we have a problem with the broker ? really ? write a letter of grievance to some barbarian in guadalcanal ???
i don't know if this thing is global or not but in some countries investment banks are obligated to explain everything to client & record the process .some might take some sort of personality test to see how risk averse he/she is . u dont see this processes (or gov cant watch over them) in forex brokers at all ,there's just a tiny text on the bottom of screen sayin "trading is risky" . of course a beginner doesn't see that text (or will ignore it)
btw if u look in to it their business licenses come from cayman & British virgin island ! what we gonna do if we have a problem with the broker ? really ? write a letter of grievance to some barbarian in guadalcanal ???
I don't understand the actual reason,why mostly new comers (brokers) are flooding from islands and or from under developing (third world) countries,where already no stability in govts and in any of their law enforcement institutions. they pay a little as bribery for issuing brokerage license that is normal ..... nobody is there to see and check their activities even for their own nationals but i think still there will be no law,advanced technology and any institute belonging to brokerage system,if some thing be happen (that must be happen) who will be go there and to whom ask or complaint....... easy,fast and short effective way to be RICH.
https://www.theguardian.com/us-news/2016/jan/18/the-cayman-islands-home-to-100000-companies-and-the-850-packet-of-fish-fingers
this title sums it up :Other People's Money: The Real Business of Finance Book by John Kay. anything other than this is just a fairy tales , like he invent something & got rich , he did that trick ! that job is hot ,..... all bullshit !
Pentagon Paid British PR Firm $500mm To Create Fake Al Qaeda Propaganda Videos
Per new discoveries revealed by the The Bureau of Investigative Journalism, the United States government paid over $500mm to a British public relations firm, Bell Pottinger, between May 2007 and December 2011 to create fake Al Qaeda propaganda films aimed at tracking terrorist viewing locations. According to a Bell Pottinger insider, propaganda films were categorized into three categories with “White" being accurately attributed, “Grey" being unattributed, and "Black" being falsely attributed material. The media firm created various types of content ranging from TV commercials to news items and "fake Al Qaeda propaganda films."
The "Black" propaganda videos included tracking software linked to a Google Analytics account so U.S. military officials could track the location of people watching the content around the globe. The content was distributed by U.S. marines who would drop the videos at various locations during patrols. The whole process was described by one Bell Pottinger employee as a "pretty standard part of the industry toolkit.”
Pentagon Paid British PR Firm $500mm To Create Fake Al Qaeda Propaganda Videos
http://www.zerohedge.com/news/2016-10-03/iraq-propaganda-videosdon't hold your breath...anyways... https://youtu.be/947fP6QTmBo
He told : nothing, zero, zip, ...
Germany considers following the steps of other Western European authorities and to possibly impose a ban on trading in binary options and contracts for difference (CFDs), The Times of Israel reported late last week, citing Anja Schuchhardt, a press officer of the Federal Financial Supervisory Authority (BaFin) of Germany.
“Since the German Retail Investor Protection Act (Kleinanlegerschutzgesetz) came into force, product intervention (section 4b of the WpHG) has been one of the tools available to BaFin, but it is always regarded as a last resort,” Schuchhardt said. “In the future, therefore, BaFin will continue to consider carefully and with a sense of proportion which specific steps are necessary, firstly with a view to consumers, who must be effectively protected, and secondly with a view to the related interventions in the market which should be kept to the absolute minimum required,” she added.
that's why I said "don't hold your breath'...