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The difference between a regulated broker and unregulated broker
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[QUOTE="FXOchartist, post: 319460, member: 90221"] Why regulated broker considered as more secure than unregulated one? Because regulated broker operate their company under rules of regulation body where they get licence. It is mean the company is legal standing to operate in financial market industry, more trusted than unregulated. And the regulation itself work to protect investors from fraudulent company. So it is important to choose regulated broker for long term business. While the broker in forex world is thousands more offers services in financial market. Choosing the right broker for beginner maybe is not easy. You can make research and take several criteria like the company must regulated broker, tranding fee is low, good customer support, payment processor, trading platorm, customer review. Personally, I choose FXOpen because the company regulated in ASIC, FCA and Cysec, they also low spread from 0.0 pip, ECN broker [/QUOTE]
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The difference between a regulated broker and unregulated broker
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