Re: Brokers regulation ...
61Why is it important for beginner traders to trade with a regulated broker, and which regulated broker is suitable for both experienced and newbie traders?
Pepperstone or FBS. Especially for Australian trading.Kendrick wrote: Tue Mar 29, 2022 8:59 pm I am looking for an ASIC or FCA regulated broker with lower commission costs and suitable for mainly trading EURUSD currency pairs. Any recommendations?
Pepperstone? Really? Can`t be serious.ChuChu Rocket wrote: Tue Mar 29, 2022 9:21 pm Pepperstone or FBS. Especially for Australian trading.
Whilst I agree that some unregulated brokers can be shady bucket shops, it's certainly not the case for all. I have tried a few over the past couple of years and have had good results. I have also seen a few horror stories, but the same can be said for regulated ones too - whilst they offer a little more comeback, they are far from fool proof.mlawson71 wrote: Tue Mar 29, 2022 2:03 am It's important for all traders to stick to regulated brokers, because the unregulated ones often turn out to be shady at best, outright scammers at worst. Traders lose millions and millions every year to such scams. In the end of the day, no matter how good and favourable the trading conditions of an unregulated broker appear to be, it's just not worth the risk.
ICM have the same regulation if looking down that route. I think there are some good unregulated ones out there for sure but sadly a lot of bucketshops too.ChuChu Rocket wrote: Tue Mar 29, 2022 9:21 pm Pepperstone or FBS. Especially for Australian trading.
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