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nicolasxu
296
nicolasxu 2014.10.07 17:51 

How can I find out if a broker is trustworthy? e.g.: They won't run away with my money. 

I did a online chat with a broker. They told me :

"Forextime is regulated by CySEC under license number 185/12 and registered with the UK FCA under reference number 600475 "

Is it enough assurance? Why? 

Does firm in US have more credibility because of the US SEC regulation?

 

 

 

Alexander Voronkov
17261
Alexander Voronkov 2014.10.07 20:14  
nicolasxu:

How can I find out if a broker is trustworthy? e.g.: They won't run away with my money. 

I did a online chat with a broker. They told me :

"Forextime is regulated by CySEC under license number 185/12 and registered with the UK FCA under reference number 600475 "

Is it enough assurance? Why? 

Does firm in US have more credibility because of the US SEC regulation?

 

 

 

UK FCA is a good regulator, no worse than US SEC.
Rodolfo Almeida Marin
673
Rodolfo Almeida Marin 2014.10.07 22:49  
Not really , I being from USA do not recommnend anyone to get a USA broker to many rules regulations , I have experience with a few brokers I think are really good gonna just mention 2 here forexbrokerinc.com that is a good broker and they accept us residents and a lot of times the give bonuses I personally like to try brokers out if possible went they give a bonus before investing mi own, I also use another broker XM.com never had a problem either ,  I hope it helps goodluck
tiecheng fu
542
tiecheng fu 2014.10.08 02:59  
Fillellin:
UK FCA is a good regulator, no worse than US SEC.
agree with you!   FCA or NFA regulation will be good!   
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