2. Why should you trade with a regulated broker?
Let’s Talk Forex with Alison and Chris
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Show Notes
When choosing a forex broker, first and foremost, it is important that the broker is well-regulated. Forex regulation is a system of checks that have been put in place to ensure that the forex market is a safe place to trade. What does it mean for a Forex broker to be well-regulated? How can you avoid Forex scams? Which are the best Forex regulators? and why are regulated brokers safe brokers to trade with?
Link to overview of regulators by tier and jurisdiction as mentioned in this episode: https://fxscouts.com/our-review-process/#bookmark3
Top FCA regulated brokers: https://fxscouts.com/forex-brokers/fca
Top ASIC regulated brokers: https://fxscouts.com/forex-brokers/asic-regulated-brokers
Top CYSEC regulated brokers: https://fxscouts.com/forex-brokers/cysec-regulated-brokers
Top DFSA regulated brokers: https://fxscouts.com/dfsa
FxScouts DISCLAIMER:
75-90% of retail traders lose money trading Forex and CFDs. You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. Any information discussed here is solely for educational and informational purposes and should not be considered tax, legal or investment advice.