would you Choose Best Forex Brokers to Open your Live Trading account?
Protection of Funds:
Regulated brokers are mandated to segregate client funds from their own operational funds. This means that your hard-earned money is kept safe and secure, even if the broker faces financial difficulties.
Dispute Resolution Mechanisms:
Regulated brokers are regulated by a regulatory agency, which provides an opportunity to resolve disputes between traders and brokers. This ensures you have recourse if anything goes wrong.
Access to Financial Compensation Schemes:
Transparency and Fair Trading Practices:
Regulated brokers adhere to strict transparency guidelines, providing clear and upfront information about their trading conditions, fees, and risks. This ensures that you are well-informed before making any trading decisions.
Compliance with Anti-Money Laundering (AML) and Know Your Customer (KYC) Regulations:
Regulated brokers must implement strict AML and KYC procedures to prevent money laundering and other financial crimes. This helps protect the integrity of the foreign exchange market.
In contrast, unregulated brokers pose significant risks to your funds and trading experience. They may commit fraud, manipulate market prices, or refuse to withdraw funds. Choosing a regulated broker is an investment in financial security and peace of mind.
Some regulators have compensation plans in place to protect traders in the event of a broker's insolvency. This provides extra security for your funds.
of Unregulated Broker
One of the most notorious forex broker scams was the collapse of MF Global in 2011. Founded in 1977, the company is one of the largest futures brokers in the United States. However, Man Financial hid huge losses from investors and regulators. In October 2011, the company filed for bankruptcy, costing customers billions of dollars. The collapse of Man Financial dealt a major blow to the foreign exchange industry and shook the confidence of global investors.
RoForex was a Russian forex broker that was founded in 2008. The firm was popular among Russian traders and was known for its aggressive marketing campaigns. However, RoForex was also a scam. The firm was accused of manipulating market prices and refusing to withdraw funds from its clients. In 2015, RoForex was shut down by the Russian Central Bank.
Another famous forex broker scam was the collapse of FxClear in 2012. The company is headquartered in New Zealand and regulated by the Financial Markets Authority (FMA). However, FxClear also hid losses from investors. In May 2012, the FMA revoked the company's license after discovering it was operating a pyramid scheme. FxClear was unable to repay investors and was forced to shut down.
Markets.com is a Cyprus-based Forex broker regulated by the Cyprus Securities and Exchange Commission (CySEC). However, Markets.com has been accused of multiple frauds, including manipulating market prices and refusing to withdraw funds from customers. In 2017, Markets.com was fined by CySEC for failing to comply with anti-money laundering regulations.
Embark on your forex trading journey with confidence by opening an account with our carefully vetted and highly regarded broker partners. Our copy trading clients are also satisfied with these brokers
What is the benefit of opening account with our partner forex broker?
e work with only Best Regulated Brokers
We trust basically ASIC (Australian Securities and Investments Commission), FCA (Financial Conduct Authority), (FSA) Financial Services Agency, FSA (Financial Services Authority) regulation because of its Strict Regulatory Framework, Enforced Compliance, Investor Protection Measures, Proactive Approach to Market Risks, International Recognition. Its safe and secured to open trading accounts in these forex brokers under above regulation.
edicated Support and Guidance:
We try to provide personalized support to our clients who open accounts through our link. This can be particularly beneficial if you encounter any challenges or have questions about the broker's platform or trading process.
aluable Networking Opportunities:
We have a community of experienced traders who can share their insights, strategies, and experiences. This can be a valuable resource for learning and networking with others involved in forex trading.
xclusive Offers and Enhanced Trading Conditions:
We may have negotiated exclusive offers or promotions with our partner brokers. These could include welcome bonuses, reduced spreads, or other perks that can make your trading experience more rewarding.
nhanced Trust and Reliability:
By opening an account through a referral, you gain access to a broker that has been vetted and endorsed by someone you know and trust. This provides peace of mind and assurance that you are choosing a reputable and reliable broker.