Home Forex Articles How registered Choose a Forex Broker. The fine design of a website, the implementation of a trading software, the costs of creating a customer brokers staff convince many beginners that a company which makes these investments into creating the infrastructure for brokers an enterprise is unlikely to be run by thieves, crooks, liars, and their various other kinds. Unfortunately, this attitude is a complete mistake. Fraud is a constant feature of business life. Employees, employers, and even auditors are known to have taken part in cases of massive frauds at the highest level of the corporate ladder. Are there still those who are ignorant of the story of the auditing firm Arthur Andersen, and Enron? Sadly, there are and that is why we are discussing this subject in this article. Fraud is possible in any institution, regardless of the facade of honesty and decency maintained by the directors and managers, and the only way to protect yourself against fraud and scams dubai to ensure that the people with whom you partner are monitored by authorities and regulators. Unfortunately, due to the lack of a regulatory body that controls these various institutions, many fraudsters brokers the retail forex business forex most profitable environment for their nefarious purposes. To avoid the troubles associated with such people, we advise you to work only with regulated, licensed firms, many of which will be reviewed on this website. The authorities that regulate the institutions in your area will depend on your geographical location. While the CFTC and the NFA regulate commodity brokers in the US, the same function is performed by the FSA in the UK. The regulatory bodies in the United States are the CFTC and the NFA. The CFTC determines the rules regulating the commodity brokerage dubai, and its stated mission to investors, trader and the public from unethical practices in the commodity and financial futures and options markets. In addition, the CFTC is responsible with creating the regulatory environment that will foster a free market environment that fosters competition. The CFTC has the authority to close any unregulated entity in the retail forex industry. The NFA is another regulatory body that enforces adherence to certain capital requirements, and maintenance of a forex financial structure by its members. It also requires that member firms actively supervise their employees, agents and affiliates to prevent fraud and unlawful activities. Since not all forex brokers are members of the NFA, it is important to seek those that offer the added transparency of membership, in order to minimize the risks associated with fraud and similar illegal acts. The Australian Securities and Investment Forex ASIC regulates forex trading in Australia. All legitimate brokers providing retail forex services must be registered with this body which enforces capital requirements. Australian law requires that any foreign exchange broker acquire an Australian Financial Services License, or be licensed with the Reserve Bank of Australia. Our advice for beginning traders is to be wary of forex brokers which are only active in Switzerland or are only registered with Swiss Authorities. Many scammers have been exploiting the reputation of Switzerland as a banking center by registering their fake companies with the Swiss authorities who are very lax about the regulation of the retail forex industry. The main regulatory body in Switzerland is the Swiss Federal Banking Commission SFBC. But many scammers choose to register their firms with one of the private regulatory institutions such as Organisme dubai fonde par le GSCGIPolyreg and Association Romande des Intermediares Financiersas these bodies only concern themselves with money-laundering issues, and are generally very lax on customer protection. It is expected that the Swiss Federal Banking Commission will bring all forex brokers under its own supervisory structure by establishing a body similar to the US NFA, but until that plan is in effect, retail customers of forex brokers in Switzerland are basically unprotected against fraud. Forex brokers are regulated by the Financial Services Authority FSA in the United Kingdom. Apart from its usual supervisory duties, FSA rules require that client deposits be segregated from the funds and accounts of the brokerage firm. In other words, in case of bankruptcy due to fraud, dubai mismanagement, the customers funds are safe. The advantages of this requirement are self-evident. In the EU, retail forex brokers are regulated by the authorities of the nations in which they are operating. So far, there is no central regulatory body which supervises the activities of retail brokers on an EU-wide scale. Standards vary from nation to nation, but registered general it is a good idea to choose brokers regulated by the institutions of nations like Registered or France, over those located in Greece, Portugal or Hungary, for obvious reasons. Your invested capital is at significant risk. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. No information or opinion brokers on this site should be taken as a solicitation or registered to buy or sell any currency, equity or other financial instruments or services. Past performance is no indication or guarantee of future performance. Only the NFA regulated brokers featured on this site are available to U. Read our full legal disclaimer. Menu Forexfraud Home Forex Broker Reviews Forex Brokers to Avoid Binary Options Reviews Forex Software Reviews Forex Articles Learn Forex Beginners Course Forex Scams What to look for Social Trading. FOREX SCAMS What To Look For Who To Contact CFTC Role and Purpose Forex Role in Forex. FOREX BROKERS ForexTime AvaTrade Plus Trade POPULAR ARTICLES Trading Pegged Currencies Choosing a Broker Managed Forex Accounts Forex Robots Forex HYIP programs. LEARN FOREX TRADING Pips, Lots and Leverage Forex Order Types Currency Characteristics. OTHER LINKS Privacy Policy Legal Disclaimer Contact Us.
Rich Kids Of The United Kingdom - Trading Forex! (Part 1) [Binary Options Kids]
Rich Kids Of The United Kingdom - Trading Forex! (Part 1) [Binary Options Kids]
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