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Selecting experienced and regulated broker


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  • 2 weeks later...

Using an experienced broker is the same as selecting a regulated broker because experienced brokers are mostly older brokers who have been in the forex business for several years.

For example, ICM and FP markets are older brokers that have been active for over 10 years, and experienced brokers are not scammers, as per my experience.

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Reliable and trusted broker for long term business in forex trading industry is very important of course. Regulated broker on top tier regulation body considered as more secure company because they obliged strict rules by regulator. Top tier regulation body like ASIC and FCA is assumed among traders included top tier regulator agency in financial market.

I choose FXOpen because this is included good broker and having experience 16 years since 2005, this company also registered in regulator agency ASIC, FCA and CySec, this company also offer low spread even could be zero on many pair like EURUSD, USDJPY, AUDUSD, etc. At present in the forum community traders Fxopenforum held new contest with theme "Catch zeros spread on Ticktrader" with total prize $135

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