Regulation and Security - Forex Broker Testimonials

For me security, if one of the major factors before I decide to open an account with a broker. Sometimes, I checked what kind of security measures they use to protect our data and accounts. Aside from that, I also need to know if they apply for a segregated account and where it's located? I had the opportunity of experiencing how unprofessional brokers without segregated accounts are. 

I know that IC Markets is an Australian broker, so I was expecting them to be regulated by ASIC. But then I checked on their websites and I was surprised to find out that they are also regulated by CySEC as well. While it's always good to have brokerages that have been regulated by multiple bodies, it got me thinking. Since I don't live in Australia, does it mean that my account will be assign under CySEC? If yes, then what are the differences?

I will be moving to Thailand soon and I wonder if I can still get IC markets service there? Or are there any other instruments/products that I couldn't access anymore? I understand the regulations might be different so there might be a slight change to what I can get access to, therefore I really need to know what I can (or cannot) get. Aside from that, what payment method should I choose to start trading from the said country? I normally use PayPal, but I don't know if that option is available in Thailand.

Absolutely a great broker. To start, this broker has superb customer service and their response lead time is pretty short, normally within 1 business day. They also have a reasonably low spread which I really love because I'm a cheapskate. But, most importantly, they have been regulated by different tiers of authorities in different countries and have a long history of good reputation, which is over 10 years. Overall, my experience with this broker is very amazing and I would love to explore more of their features before making final conclusions.

Does TriumphFX comes with an insurance policy or not? This is a very important question for me. Back in the day, I trade with a rather 'fishy' broker. Admittedly, they have pretty good leverage, so that should be a warning sign. In my defense, I was a newbie when I created that account (and a little drunk). So anyway, there was a security breach and I lost a lot of money in my funds. Now I am looking for a broker that comes with a trusted insurance policy and good security systems. My friend has been suggesting TriumpFX, so I hope they can live up to the reputation.

I just found out that IC Markets has regulations in South Africa. This is really a brilliant move to expand the market. So far I'm quite happy to use IC Markets.

TickMill is ideal broker!!! The trading platform is very good. They also have spreads that can compete with other brokers. The commission is quite low. I really like it!

What I like the most about Ic markets is that they are always consistent about their low spreads. This always makes my trading conditions very smooth, especially since they have super quick order executions. There has been almost no delay in all of the orders I placed. Stop-loss also works great, which is a good thing. To add, Ic markets also have high leverage, I know it can be risky but it adds to my trading power. I guess it will be fine as long as I am using it carefully. I understand they are regulated by ASIC, so having good high leverage is quite rare.

It's been 10 weeks since I open an MT4 account in IC Markets. I have to admit, I was pretty skeptical at first since I've read horror stories about them, but they are regulated, so I decided to take a leap of trust. First of all, the account is very easy to set up, and everything goes super easy and quick, very professional. A demo account is also very easy to use and I have a great experience. However, I do have some problems with the withdrawals, but those issues have been resolved by the customer support team within 2 minutes. I have to appreciate how quickly they handle things.

I originally had an account in the EU server, but I wasn't satisfied with the leverage. A friend suggested that move my accounts to another country (Seychelles). I thought this would be difficult to do, but apparently, with a simple click, I managed to do it. Now I get to enjoy higher leverage. I know it's risky but I think as long as I have good risk management it will be fine. Also, the spread is super tight, now I can trade more with less money. What I like most about ICMarket is that its platform is really user-friendly. This makes my trading activity ever smoother.