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    Thread: Will you join new unregulated broker?

    1. #31
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      Quote Originally Posted by Omar Sayeed View Post
      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.

      unregistered broker is the same with broker has weak regulation. All the weak regulation wont do anything to help traders so it is just for the show to everyone


    2. #32
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      No, no and no!
      Only regulated brokers. Unregulated broker is a scam broker, that you should avoid.


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      phmayrdi (11-01-2018)

    4. #33
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      Default Re: Will you join new unregulated broker?

      if a broker popular in your country and some other countries around the world as well then i think it is safe for us to trade there because it is widely accepted by people around the world.


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      to do forex trading we must choose a broker that has been well regulated and can be trusted. because we entrust considerable capital and considerable profits. if we leave it to an unregulated broker, our capital is very risky and will be prone to loss and cheating of unregulated brokers. so that it will provide our security to continue trading.


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      It wont really matter if you choose a unregulated but very popular broker from internet where they may doing business over a decade. But yes it will be matter if you do trade with that broker or want to trade that broker with a large amount of money. It is always safe to trade with a regular broker.


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