A license from a reputable regulator provides many things - compensation schemes, position reporting, capital requirements for the broker in question, proof that the broker actually exists and has a physical address, to name a few off the top of my head. I'd rather use a broker that has all of those.

On the upside, the majority of those scam reports come from regulators, which are doing their jobs. I mean, SEC recently blacklisted 58 brokers!

With the unregulated brokers, we don't hear about the scammers because no one is overseeing them.

Do you think we will soon see a breakout below 1.0540?

Does anyone use that kind of leverage?

I guess we will have to wait and see, everything is very uncertain now.

I would try it at least once. There would be no harm in it, I believe.

Hah, Chornobaivka...how many times did it explode already?

The US Securities and Exchange Commission (SEC) has updated its list of flagged website with 58 new entries. Out of these, there are 11 clone sites, and 1 fake regulator. The rest are the classic run-of-the-mill investment schemes. The regulator added these on its Public Alert: Unregistered Soliciti...

I don't understand the reasoning behind the price hikes, that would just drive more clients away.

I've never heard of this band. They seem pretty cool.