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We are committed to providing our customers with exceptional service while offering our customers the best trading system. Forex refers to the foreign exchange market, and the buying and selling of currencies. Watch this video to learn more about forex trading. To provide the most customer centric proposition in the industry. So to me the broker is excellent! I would absolutely recommend it. Follow news and good articles from this way.

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As a result, there can be intermediaries banks or brokers who engage in financial irregularities, scams, exorbitant charges, hidden fees and high-risk exposure offered through high-leverage levels or other bad practices. Regulations ensure such practices are avoided.

Margin Requirements

The most important criteria when selecting a forex broker are the regulatory approval status of the broker and its governing authority. How U. Authorities Regulate Forex Brokerage Accounts. The scope of NFA activities is as follows:. A detailed regulatory guide is available on the official NFA website. Key Provisions of U. Regulations Differ. Care should be taken to verify ownership, status, and the location of each forex trading firm, website or app before signing up for a trading account. There are many websites claiming low brokerage charges and high leverage allowing more trading exposure with less capital ; some as high as However, almost all sites are hosted and operated from outside the United States and may not be approved by the concerned authority in the host country.

Even those authorized locally may not have regulations that apply to U. Regulations on offered leverage, required deposits, reporting requirements, and investor protections will vary by country. Here is a list of forex brokerage regulators for a few select countries:.


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  4. The Bottom Line :. Financial regulations are complex and often change as markets develop. They also attempt to strike a balance.

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