Thread: whether our money safe in a broker?

Yeah, Safety of funds and regulation comes first and then other things related to it and that shapes the Image of a particular broker in the market, so if a broker tick these features then the broker is the best one for most of the traders and then the other one.

For me this is an opposite question because I have zero investment but still I got opportunity to manage 50,000 Euro thanks to YESfx company, It has not only given me capital to work with but also have develop my skills and it’s the leading proprietary firm company in the world and also have the biggest trading education program Remote FX Traders, it guides and trains us so well that even the worst traders are able to perform in any given situation and the best thing that they taught me was how to do technical analysis well which is a huge part of this business!

Originally Posted by Rahul247

Yeah, Safety of funds and regulation comes first and then other things related to it and that shapes the Image of a particular broker in the market, so if a broker tick these features then the broker is the best one for most of the traders and then the other one.

Choose the right broker for trading must be done by traders if we want to get the best service and want to be more focus when trading. We can try to look for review about broker which we will use for trading "Bonus beyond the reasonable"

If your selection of broker goes wrong then you cannot expect good things in the future with that, because according to your needs you need to select that broker, FBS has been a really good broker for me and safety of funds are there in FBS.

I believe with the broker that I use now because they have a very good regulation. I prefer to trade using FCA regulated broker providing security assurance funds. now I use ExoFX regulated by FCA. The FCA is the independent body that regulates the financial services industry in the UK and they have been given a wide range of rule-making, investigatory and enforcement powers in order to meet their three operational objectives, which are:

• To secure an appropriate degree of protection for consumers.
• To protect and enhance the integrity of the UK financial system.
• To promote effective competition in the interests of consumers.

Yeah, Money is safe in the Company which is well regulated in the Market and which is responsible for best possible service to its clients so that it can build trust factor, FBS has been a really good company for me in that perspective.

You are correct Rahul regulation is big thing in order to have our money safe but now a day’s I have seen brokers even after been regulated still doing manipulation or cheating activities so it’s not 100% that if a broker is regulated than he is clean, it could easily be the opposite as well.

I trade with regulated broker OctaFX, it’s definitely not the only thing that I look but it’s their service from last 4 years that I take into consideration before selecting them. They have been top class for all these years and that’s why I prefer to work with them only and for this they have been given multiple awards for such awesome service they give.

It depends on the broker you have invested with , but yes if you have chosen a good broker then there are very feeble chances of being cheated.

Originally Posted by fxapex

It depends on the broker you have invested with , but yes if you have chosen a good broker then there are very feeble chances of being cheated.

Should we have to avoid a broker who has a bad reputation with many of the negative reviews about the broker. I think it would be beneficial to traders as one of the requirements in the selection of brokers.

The biggest success of a company is when clients least talk about their setup of payment processing, it’s because it’s very good and no one is having any issue. That is the same case with OctaFX broker as we hardly see people having issue with them with payments, so that’s why it’s so less discussed issue. I feel very safe as all my payments are proceeding instantly without any delay and not just that but there is hardly much fees that’s charged.