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The difference between a regulated broker and unregulated broker
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[QUOTE="Lens1000, post: 249183, member: 37726"] A regulated broker is one that has the financial licence to operate foreign exchange services in the forex market and most of the brokerage that are available on the internet presently are not regulated and that is why it is very important for us to be very careful of the forex broker that we may want to choose. Your thread is very interesting and very educative but I would like to know how verify if a broker is regulated or not because it will be a great loss if one is working with an unregulated broker. We have lots of them flooding the internet presently with lots of ads on websites. This is why one should be very careful of this so as not to fall victim of an unregulated broker we could cart away all your money. Don't get me wrong, there are some unregulated brokers that are legitimate but it is very impossible to work on them because they are not given the financial permission to operate foreign exchange services. We have couple of regulated brokers on the internet that we could use and they are so many . I would like to go for the regulated ones instead of settling with an unregulated broker. [/QUOTE]
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The difference between a regulated broker and unregulated broker
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