Abstract:Experts have found that the foreign exchange market has seen a daily average trading volume of 6.6 trillion dollars from April 2019 until today.
Experts have found that the foreign exchange market has seen a daily average trading volume of 6.6 trillion dollars from April 2019 until today.
Yet such sizable volumes raise significant concerns about the various risks involved with this type of trading. As such, it is important for forex brokers to establish appropriate procedures and compliance policies to help regulate and limit risks to themselves and their clients alike. Considering that forex brokers are financial institutions that deal with other peoples resources, these brokers should adhere to a few common practices. Typically, these policies are standard based on regulatory requirements, depending on the regulatory bodies that govern the brokerage. However other policies may vary from broker to broker.
As one of the top forex brokerages, LegacyFX makes all possible efforts to adhere to international regulations regarding the security of funds and transactions, anti-money laundering, fraud, and counter-terrorism financing. Due to such stringent policies, one is, therefore, able to focus more on trading with the assurance that their capital is safe and secure. Additionally, our clientele has access to all pertinent information and disclosures regarding commissions, fees, spreads, and trading executions, allowing an overall more transparent experience.
Regulatory compliance, transparency, and trustworthiness should always come first when we choose a forex broker. Unfortunately, many traders fall victim to unregulated brokers or poorly monitored platforms that put their funds at risk. In this article, we’ll highlight several brokers with low WikiFX scores and serious complaints from traders worldwide. If you’re looking for a safe trading environment, you should be extremely cautious with the following names.
Failed to receive unlimited leverage as promised by QuoMarkets? Witnessing higher slippage and a subsequent drop in your trading account balance? Does the forex broker withhold your profits? These have become typical of the way QuoMarkets runs its operations. In this article, we have exposed the forex broker on all these points. Keep reading different QuoMarkets reviews.
Have you gone through a scam in your forex trading account balance with Nostro? Do you witness constant server downtime and losses thereafter? Has the customer support team been unresponsive to your queries? Many forex traders have faced these issues and therefore criticized the broker on review platforms. In this Nostro review article, we have pointed out their specific concerns that were not addressed by the India-based forex broker. Keep reading!
Galileo FX is a trading robot that runs on platforms like MetaTrader 4 and MetaTrader 5. Check its regulation and decide if it’s a good choice for your investment or not?