133. Choosing a Forex Broker: Regulation and Financial Stability

http://www.informedtrades.com --

What forex traders need to consider regarding the regulatory environment of the forex broker they trade with.

Category:

Education

Tags:

• forex
• trading
• broker
• currency
• fx

[noddyin]

What do you recommend for a newbie in the uk? I was thinking FXCM but everyone seems to hate them.

[InformedTrades]

Hi noddyin, Thanks for the comment. I used to work for FXCM so I am probably a little biased. Like any firm they have some faults but overall I feel that they are the best company in the industry. If you visit my channel by clicking the InformedTrades banner to the right of this video you will see a video labeled #132 which goes into some of the reasons why the larger firms like FXCM get so many bad comments. Best Regards, Dave

[jokerisherenow]

Hey hope you're well. Can you open a forex account with a USA broker if you live in Canada? Thanks.

[InformedTrades]

Hi Jokerisherenow, Yes you should be able to open an account with a US Forex broker from pretty much any country in the world.  Best Regards, Dave

[nandubatchu11]

hey, i want to know any one of these are trusted brokers - forex4you, liteforex, instaforex, trading-point, 4xp. Please kindly reply me to nandubatchu@gmail.com thank you

[michelleNZryder]

Hi Dave. Thank you for your videos, the make the FOREX learning process actually quite simple! I am wondering however, when choosing a firm to trade with, if there is any benefit in going with a firm operating in the country you reside in, or if it is best to look global.

-Regards, Michelle

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[AVeLLiiii]

2 millionn to start up a forex firm!!? ridiculous & now you know why firms go close 2 bankruptcy forcing them 2 charge outrageous commissions & scaming out there customers! lol 2 much financial regulation & not enough ethical & common sense regulation,. Oh yea i respect the NFA but lets be serious here they Charge 20,000 dollar fees to frims that need the money in the first place thus only making it worse the firms to recover,seems like just another business to me than regulation

[OilTradeInstruction]

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[birchmanllc]

Thanks for the vid. I was not aware that if a forex broker went under you were screwed. Coming from futures I assumed the account was protected up to a certain amount.

[AACStudios]

One of fxcm customer service reps has admitted to there wrong doing and stated that he was leaving the company as a result of their deliberate illegal actions. Anyone who endorses FXCM should be considered risky.