myregister Posted August 9, 2016 Share Posted August 9, 2016 I've seen broker which come up with less strict regulator and mostly ended up accepting less strict payment processor and also sometimes play with their clients by doing SL hunting and other unethical action. So do you think regulation is important to regulate a broker so they can really behave right? Please share your thought. Quote Link to comment Share on other sites More sharing options...
radex78 Posted August 9, 2016 Share Posted August 9, 2016 Yes regulation still important for trader choosing broker, which this is sign if these company is have legal broker which usually every country has certain department that monitoring company activity, but about stop loss hunting, maybe if broker dealing desk they can using stop loss hunting because if trader loss hence broker will win and money will on their hand, but if trader win hence broker will loss. Quote Link to comment Share on other sites More sharing options...
pepy Posted August 11, 2016 Share Posted August 11, 2016 If the regulation is strict and want to carry the fine to a broker who doesn't play fair then i would gladly to join there. It is important to have regulator since it will lower your lose later and some regulator even protect some funds of the client on that broker but with a note that they mustn't reach BEP for their investment there. Overall, i agree it is important for us. Quote Link to comment Share on other sites More sharing options...
myregister Posted August 12, 2016 Author Share Posted August 12, 2016 Yes we need that kind of broker isn't it? That kind of regulator is the best one, well maybe the cost to join that regulator is big but that is good because we can see a broker who want to send more in that regulator means they are ready to be our partner, they just don't want cheap place for scamming us, and for what they want to spend much money for the sake of scamming people easily isn't it? Quote Link to comment Share on other sites More sharing options...
eden100 Posted October 23, 2016 Share Posted October 23, 2016 Yes regulation of a broker is always important. With regulated broker your money always in safe hands and you can trade without any risk with regulated broker. So always choose a reliable and regulated broker. https://www.mxtrade.com/about-us/regulations Quote Link to comment Share on other sites More sharing options...
francmorio Posted October 23, 2016 Share Posted October 23, 2016 I think its very important that A broker should be regulated, ,,See I used to trade with instaforex, but when I had problems with them withdrawing my funds, I tried reporting to Belize IFSC, only to be told by belize that InstaMarkets is no longer licensed by the Belize IFSC.. I therefore lost my money! Regulation is very important! Quote Link to comment Share on other sites More sharing options...
Dion Ebrahim Posted October 24, 2016 Share Posted October 24, 2016 Yes, it’s obvious that regulation is very important for newbies and not just newbies but obviously for any trader including expert. However, it’s not just about regulation now days, I believe we got to locate a good broker and that’s what will help us guide towards things better. I am lucky enough to be with OctaFX broker which is regulated plus a true ECN as well and for which they have won award as well while they have won 16 awards overall including the Best International Broker award too, so that’s why I find it incredibly good and pleasing to be working with such a reputed and well organized broker and able to gain plenty of rewards too when it comes to trading. Quote Link to comment Share on other sites More sharing options...
radex78 Posted October 25, 2016 Share Posted October 25, 2016 Yes I have seen so many trader thet still look on broker that has regulated because this also as mean if as legal company to avoid scam broker because in forex world also many broker as scam broker with goal to get money from their client then if withdraw money trader get problem Quote Link to comment Share on other sites More sharing options...
myregister Posted October 25, 2016 Author Share Posted October 25, 2016 Obviously regulation is pretty much important for foreign exchange broker, especially to the one who want to be a good one and gain more recognization from traders alike. In my own opinion this is the first thing which i am trying to looking before choose a broker to trade with, with regulation people will look high of you. Quote Link to comment Share on other sites More sharing options...
bigxy Posted October 26, 2016 Share Posted October 26, 2016 There are many past examples of regulated brokers turning into scam so i think honesty, reliability and repute is needed more than regulation factor and these factors should also be considered while choosing any broker. Quote Link to comment Share on other sites More sharing options...
Upul Tharanga Posted December 22, 2016 Share Posted December 22, 2016 Important? It’s the thing! If we are not sure why then I deeply request to pause trading and first understand these things or else we aren’t reaching any destination in one piece as being a trader! It’s not even just regulation, but it’s regulation from where which is the key in this plot! I operate with FP Markets and for me, it’s done deal been licensed by ASIC and is running in the market for over a decade now. Also, the facilities like low spreads, free trading guides, day to day analysis from experts, PAMM/MAM option, it’s truly spectacular setting here and makes trading fairly easy. Quote Link to comment Share on other sites More sharing options...
radex78 Posted December 22, 2016 Share Posted December 22, 2016 Regulation is important but this is also not as guarantee will always safe broker, sometime because they weak on competition then become scamm, but indeed many trader suggested to choosing broker that having regulation, because if trader not making research with these broker hence will worried will turn to scam broker Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted December 26, 2016 Share Posted December 26, 2016 I don't put much priority on regulations. I look for broker's honesty. Regulations can be manipulated but if a broker is honest then trader's chance of getting success increases. Quote Link to comment Share on other sites More sharing options...
radex78 Posted December 27, 2016 Share Posted December 27, 2016 I don't put much priority on regulations. I look for broker's honesty. Regulations can be manipulated but if a broker is honest then trader's chance of getting success increases.Maybe although as regulated broker it's not mean they all as safe broker, I am ever reading certain broker which any trader shared experience using their service and giving bad vote for these broker and he said broker regulated that he joined is included scam broker, I think competition between company also can making black competition and as long as we joined broker and still smoothly hence we will enjoy but always keep risk management don't put all saving money on broker Quote Link to comment Share on other sites More sharing options...
uncle gober Posted January 2, 2017 Share Posted January 2, 2017 exactly once, in the selection of a broker was not only concerned about the promotion that is given by the broker. tradewr should pay attention to the regulation of which is owned by the broker, in order to feel comfort in their trading activity .. Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted January 3, 2017 Share Posted January 3, 2017 Maybe although as regulated broker it's not mean they all as safe broker, I am ever reading certain broker which any trader shared experience using their service and giving bad vote for these broker and he said broker regulated that he joined is included scam broker, I think competition between company also can making black competition and as long as we joined broker and still smoothly hence we will enjoy but always keep risk management don't put all saving money on broker You gave a good reason why broker's honesty should be a priority over regulation. On several occasions I have seen FCA (which is one of the top among regulators) regulated brokers got fined for dirty practices. Quote Link to comment Share on other sites More sharing options...
radex78 Posted January 3, 2017 Share Posted January 3, 2017 You gave a good reason why broker's honesty should be a priority over regulation. On several occasions I have seen FCA (which is one of the top among regulators) regulated brokers got fined for dirty practices.Yes I think good if broker also better work as honest company, and giving best service for all client, so if many client giving good vote hence although there are little problem but if overall service still good I think will many trader still believe with these broker Quote Link to comment Share on other sites More sharing options...
pandabox Posted January 3, 2017 Share Posted January 3, 2017 Anyone think regulation doesn't matter, let's try 3 unregulated brokers and you will get your answer. I am trading with a regulated broker and I am satisfied with its services, I think unregulated ones could go away with your money. Quote Link to comment Share on other sites More sharing options...
bigxy Posted January 4, 2017 Share Posted January 4, 2017 Anyone think regulation doesn't matter, let's try 3 unregulated brokers and you will get your answer. I am trading with a regulated broker and I am satisfied with its services, I think unregulated ones could go away with your money. You are right but we should also consider their repute as well. I am trading with hotforex for quite some time and since I haven't had any complains so far but still my point is that we need to be careful while choosing any broker. Quote Link to comment Share on other sites More sharing options...
uncle gober Posted January 6, 2017 Share Posted January 6, 2017 the broker itself there with its advantages and disadvantages of each. therefore think was good at when choosing a broker, do not just choose a broker that provides comfort in trading, however, select the broker that provides support to its trader in trading success Quote Link to comment Share on other sites More sharing options...
Sininfinity Posted January 9, 2017 Share Posted January 9, 2017 Yes I think good if broker also better work as honest company, and giving best service for all client, so if many client giving good vote hence although there are little problem but if overall service still good I think will many trader still believe with these broker In my opinion, it is not possible for a broker make everyone happy. And in other discussion threads we have seen some people doesn't like to accept their mistakes and blame it on something else. So majority feedbacks would be wise in this case. Quote Link to comment Share on other sites More sharing options...
radex78 Posted January 10, 2017 Share Posted January 10, 2017 In my opinion, it is not possible for a broker make everyone happy. And in other discussion threads we have seen some people doesn't like to accept their mistakes and blame it on something else. So majority feedbacks would be wise in this case.Maybe because might occur any trader facing problem with broker but sometime not mistake from broker it self, sometime trader against rules broker, I am ever facing problem with certain broker which because according their judgement is I am using same IP on two account one use my name and one another using another name, and this is also become problem in certain broker. Quote Link to comment Share on other sites More sharing options...
jamante Posted January 13, 2017 Share Posted January 13, 2017 regulations are an added plus, this are more like a preventive messure, appealing to both brokers and clients a like, and some regions wont let you offer the service with out have the broker regulated which is good, for example, hotforex, its regulated by multibodies depending on the location, mainly st vincent, south africa eastern europ and cyprus, this is good and just to show how serious the broker can be, but some brokers and this happens to most unregulated brokers take advantage of being unregulated since there is no guarantee on the other hand there are good unregulated brokers working on regulations and registrations and this papers/laws need time to be processed. Quote Link to comment Share on other sites More sharing options...
radex78 Posted January 13, 2017 Share Posted January 13, 2017 I am often hear many broker binary option is scam, because most of broker binary have no regulation and this is also one business online that used many people to making money using trap option to making money, they offer make money but also they want make money from these platform Quote Link to comment Share on other sites More sharing options...
uncle gober Posted January 17, 2017 Share Posted January 17, 2017 in the selection of a broker should be advised to traders to be more careful so that no one else choosing a broker, do not forget to look at the regulations in use in choosing a broker. I myself decided to trade with Tickmill, but because it is definitely safe too many promos and contests that are very profitable Quote Link to comment Share on other sites More sharing options...
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