With Black Swan, Forex or broker isn't secured; look for great regulated brokers. Additionally, It depends upon your trading account size
With Black Swan, Forex or broker isn't secured; look for great regulated brokers. Additionally, It depends upon your trading account size
What's everyone so focused on this so called regulation? US has the supposedly toughest regulations as well as the most scam brokers and the NFA does not even allow for protection of funds.Originally Posted by ;
Unfortunately I do not already have US passport therefore I must exchange with an EU broker.
Yea @pipmaster77, regulations do not give you 100% of security, but better than a completely dark broker if you understand exactly what I mean. Nothing can guarantee me that X regulated broker will probably be still on tomorrow instead of the unregulated one, however, what can I do this? It is just like a percentage situation
I mainly prefer US or UK base broker , compared to any other people their regulations is mainly strong , I also prefer Australian regulation. But don't depend on only regulation , depend on brokers credibility .
That's my purpose. By way of example, FXCM was a US regulated brokerthat turns out that they were conducting greatest scam in forex history. The US regulations are somewhat more about tricking the trader than shielding the trader. They simply want all to return to trading futures since only like anything the US govt does, IT MUST BENEFIT them, that explains why tobacco, oil and drug businesses operate the entire nation.Originally Posted by ;
Yes because my unregulated broker only requires 10% of their margin requirement as the controlled US broker. Since cash is not protected in either situation, I conserve 90 percent of my trading capital together with my unregulated broker if something goes wrong.Originally Posted by ;
I've observed mainly regulated trading brokers don't allow hedging and Indices in their trading platform. This platform enables scalping or not ?Originally Posted by ;
US regulated brokers don't allow hedging and they require you to close in a FIFO order, they also need 10 times more to be deposited for margin. So if you would like to trade a normal lot of USDJPY with a 30 pip stop, even though you are only risking $300, that trade requires $4000 to be deposited with a US broker.Originally Posted by ;
This is done in a bid to guard the trader. Nevertheless the US has the greatest and most famous bucketshops on the planet. That the regs are in the regulators interest. NFA is the National FUTURES Association. They need all the place Foreign Exchange quantity back in stocks, the regulations are only their way of accomplishing this. Nevertheless some traders still wish to debate this truth, which really does not make sense as all of these are facts. Why people wish to become oblivious to this is beyond me.
Sorry Mitch! Your information is not correct really. I've not ever discovered at any broker which restrict scalping but its authentic payoff does not allow controlled trading platforms.