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Opening a brokerage involves various steps, including legal and regulatory requirements, technology setup, and client acquisition. The specifics can vary based on your location and target market.

Continue Reading at What You Need to Know Before Starting Your Own Brokerage

There are several ways you can determine whether a broker is problematic or not. After all, there are some conditions that may not be the broker's fault. Here are the ways you can do:

1. Determine the problem first. Is it really the broker's fault, or are there other factors involved?
2. Make sure you have followed the rules. If you did, but still encounter issues, then it might be the broker that is the cause. 
3. Ask the broker's customer support, with some proofs.
4. Consult with other traders.

If it's proven that the broker is the root of the problem, take immediate action and look for another reliable broker.

Continue Reading at How to Deal with Problematic Brokers in 6 Easy Steps

All brokers regulated by the CFTC can be verified through the National Futures Association (NFA) website. You can search for a specific company by inputting its business name, usually found at the bottom of a forex broker's homepage.

Continue Reading at 6 Best Forex Broker Regulators in the World

Brokers that loosen their requirements are much more exposed to fraud than those that do not.

Many clients have been complaining about the long safety procedure and identity verification, which can take at least a few business days to complete.

If the company keeps requiring clients to double-check their login details, verifying their identities multiple times, and confirming their intentions, people can easily back away and this means lower revenue.

Most companies wouldn't take such a risk in this dire economic situation, as customers are their sole source of income.

In the cost of satisfying their customers, brokers must face the risk of fraud. By lowering their security measures, they are practically exposing their vulnerabilities to the public. And in reality, one fraudster can cause greater harm than 100 legitimate customers can cause good.

Continue Reading at Fraud Trends that Brokers Should Watch for in 2023