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Stephanie Pang
Mar 22 2020

I have a plan to invest in 3 brokers:
1.fbs
2.octafx
3.xm
I plan to deposit $5000 to each broker. is it safe?

James Miller
Mar 28 2020

Stephanie Pang: FBS and Octafx have regulations from offshore countries so they are less secure. XM \has regulations from FCA UK, ASIC and IFSC, so it's still worth trading 5000 USD there. IFSC is not recommended because it is from an offshore country. For the safety of your trading and funds, we recommend choosing a broker that is regulated by a trusted regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA. 

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