Make all possible mistakes in demo and rain in pips in live account
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Dislikedregulation gives confidence to a certain degree. but it doesnt make it foolproof. we are not talking about major institutions such as regulated banks which are too big to fail, which are thus subjected to bailouts by the reserve banks. bailout of brokers in the event of black swan events, are usually out of greed by other corporations. (EG: fxcm bailed out by leucadia, not the fed) regulation merely spotchecks that a firm is acting in accordance to safeguard client's monies in best way it can. And that they are not a ponzi scheme. However this too...Ignored
DislikedThere have been complaints by some Forex traders that their profits were wiped out by some brokers. What bothers me is that these brokers are regulated. Some give flimsy excuses why they remove the profits, while some don't even give the traders any reply why they did it. When Forex Tsunami happened in January on 15th January,2015 some brokers closed down, traders money still completely trapped. Why regulation, and what can regulation do to help traders? How can we lodge complaint?Ignored
Disliked{quote} It also depends on where the broker is regulated. Not all regulatory bodies in the world are the same. Some regulatory bodies are joke and their resulting regulations are useless but some regulatory bodies DO have effective regulations that monitor brokers effectively to deter scams and have well-established procedures regarding recuperating client funds during broker insolvency. You just have to trade with the right broker that's regulated by the right agency. Brokers who confiscate profit from traders; those are pure scam brokers. I don't...Ignored
DislikedRegulation does not matter. I have been forced to experiment with unregulated brokers because of the terrible broker options in the US. I can confirm there's no difference . In fact, the most stressful Broker experience i had in the last 2 years was when FXCM blew up on the swiss event and my withdrawal with them was pending until they signed the deal and confirmed operations. If they had no deal and went under, i would have waited over a year for my money. It's all dependent on the broker and the people running the shop. If you start getting disputes...Ignored
DislikedA few years ago forex market is only dominated by the interbank parties, leading commercial and central banks. However, with the development of technologies, online brokerage houses are increasing and they are now taking the charge of providing floors to the retail, small scale traders. But forex is a decentralized market no one can ensure monitoring here. And for this reason, traders should work with reliable, regulated broker to ensure safe trading always.Ignored