Mar 13 2019 09:13
@Brian Imanuel,
There is no guarantee about that. That's why carefulness is needed in choosing a forex broker.
Many investors end up getting scammed by unregulated forex brokers as they either are unaware of the importance of choosing a regulated broker or they did not pay enough attention when making their selection.
To ensure that you are choosing a reputable and regulated broker, always take the time to thoroughly check the firm’s website to discover their regulatory body and check that their membership is genuine before committing any funds to an account.
Mar 15 2019 05:20
How to find out the Broker Regulations directly from the Regulator Site such as CFTC, NFA, SFA?
Mar 16 2019 08:29
@Ivan Mariano
In order to know your broker regulator, you can directly visit the official website of the relevant regulatory body for direct checking.
For example:
A broker with regulation number NFA # 0422448. So you can check on the NFA site by entering the ID or name of the related broker. If the name of the broker you are looking for appears, it means that the broker is regulated by the NFA.
