Torrie8 wrote: Mon Aug 17, 2020 11:37 pm

Regulated broker is indeed safer but we should not solely depend on one broker. The much safer option we can do is to diversify the funds into accounts. I'm still using Pepperstone, and others including IC Markets, fxpro and now trying out fxview. We can't afford to trust on single broker.

yes............. totally agreed!!!

Also, be careful about where you're checking that regulation, scammers are cloning regulator sites now. It happened with CySEC recently.

Hacking always happen when your broker is well known. It is the matter of time they upgrade their security system

The Securities and Exchange Commission (SEC) is passing new regulation - it has required all companies to integrate a ‘Derivatives Risk Management’ program. Furthermore, they have been asked to limit the risk related to leverage.

The US regulator noted that now investment funds will be able to enter into “unfunded commitments”, for the purposes of following on on investments and loans. Furthermore, funds can enter can also go into reverse repurchase agreements.

A regulated broker also segregates client accounts from its own accounts.

That is the gist of it, I agree. Without regulation the possibility to get scammed increases immensely.

I prefer trading with a regulated broker because it gives the impression that a trader invested capital is safe, and they are trading with a secured broker.

Just be careful with FP Markets.

Why is everyone so enamoured with FP Markets?

Not the first time I've heard this, sadly.

I don't really have an opinion about FP Markets as a broker - all that I know about them is that they are an ASIC broker and ASIC stopped allowing non-Australians to trade with brokers regulated by them quite some time ago. As a non-Australian I can't really use them.