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    Thread: Will you join new unregulated broker?

    1. #21
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      No, never. Got some experience in trading with unregulated brokers, and it total bulls*it. Better forget about it. You will never withdraw your money with such brokers.


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      grrla (09-26-2018)

    3. #22
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      majority of the traders doesnt realize that most time we are trading under brokers that use weak regulation or not regulated at all. They might look regulated but when we read properly the terms and conditions then we will know the truth.


    4. #23
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      Quote Originally Posted by grrla View Post
      majority of the traders doesnt realize that most time we are trading under brokers that use weak regulation or not regulated at all. They might look regulated but when we read properly the terms and conditions then we will know the truth.
      That's true mate, most of brokers use Cysec to get licence, Cysec is better than no regulation but it is still weak compared to FCA. For me broker which is not regulated by FCA could not say it's a regulated broker.


    5. #24
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      It is better to go with regulated brokers in forex since we are trading with our money here. In case we lose our money through unregulated brokers, it is gone and there won't be anything we can do.


    6. #25
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      I lost money trading in unregulated broker. It really isn't worth it but thankfully, I only deposited a little just to try the broker out.


    7. #26
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      If you are using a huge amount of money and want to be serious in forex trading, then go with regulated brokers. Their terms and conditions might be a bit bothersome at first, but it will be worth it.


    8. #27
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      Quote Originally Posted by PaperTowel View Post
      If you are using a huge amount of money and want to be serious in forex trading, then go with regulated brokers. Their terms and conditions might be a bit bothersome at first, but it will be worth it.
      if you are using huge amount of money and want to be serious in forex trading, then better if you open an account directly with the liquidity provider, cutting out the retail forex broker out from commission.


    9. #28
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      Dont join unregulated broker because one of my friend lost several thousand dollar because broker just close one day and never return. since it is unregulated it can do whatever it like and i know there is institution that is fighting such broker since they are sort of illegal and need to be removed from market.


    10. #29
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      I think, it's not a good idea to take a big risk with money by trading with unregulated broker. So always try to choose a regulated and reliable broker in order to be protected from any kind of mistreatment.


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    13. #30
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      There are many kinds of broker regulations. Every countries have different regulatory organization. As well as there are many central authorites.

      So you should learn about this. Unregistered brokers always dangerous for trader. Because they can cheat your money anytime and you can not complain against them. So, better to stay away from this kind of broker.


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