General Trusting Brokers : How to do that?

[adamwan693]

How to know if I can trust the broker? How to choose a reliable broker since I am new?

 

[maalox]

How to know if I can trust the broker?

As an institutional investor, broker don't scam you (If broker is registered and genuine) You can even squeeze out more money if you can make it in forex.

 

[evaprincess387]

Choose a broker that is regulated in your country, in case of problems with a broker, you do not have to fly and sue him on offshore islands

 

[CJMT]

The best thing to start with is to make sure they are regulated, look for FCA, CFTC, CySEC or ASIC.

 

[Us3rname]

How to know if I can trust the broker? How to choose a reliable broker since I am new?

Hi there, use WikiFx, it's available on playstore. It'll let you know which brokers to trust and which ones not to.

 

[Us3rname]

Choose a broker that is regulated in your country, in case of problems with a broker, you do not have to fly and sue him on offshore islands

Thanks for the information. I would do that but there are barely an regulated brokers on my side.

 

[Ryanchan778]

Whoevr ask me this question, I always say to check first if broker is regulated. Brokers who are regulated have to protect traders. on broker website search with these words “segregation of funds” and “negative balance protection”. then you can trust

 

[samuelgarcia27582]

This is a very imp choice to make. check their fees, commission, if they are using advanced technology, what level of customer support they offer, and of course if they are regulated. Always choose a regulated broker to ensure they are reliable. You can also read broker reviews online to gain trust in them.