Paul75: There are lots of forex brokers, some of them are regulated while rest not. Is it needed for a broker to be regulated from financial regulatory agencies or firms? If a broker or agency is registered in a particular country where it is doing business. Is regulation compulsory in this condition as well?
1. Accept regulation only from USA (CFTC / NFA), UK, France, Germany, Japan, Singapore, UAE, India (SEBI) and Australia. All other regulation in small countries or island are useless
There are lots of forex brokers, some of them are regulated while rest not. Is it needed for a broker to be regulated from financial regulatory agencies or firms? If a broker or agency is registered in a particular country where it is doing business. Is regulation compulsory in this condition as well?
1. Accept regulation only from USA (CFTC / NFA), UK, France, Germany, Japan, Singapore, UAE, India (SEBI) and Australia. All other regulation in small countries or island are useless
2. Choose ECN (1st Priority) or STP (2nd Option) broker only.
3. Check Deposit & Withdrawal method available for your location.
Rest all the brokers can be ignored.