Regulated forex brokers and the trusted forex brokers are the members of forex regulatory bodies that are laid down to protect the clients’ fund and ensure the forex brokers’ fair operations. However, forex brokers are regulated by country-specific regulatory bodies such as FCA, ASIC, CySEC, and others.
Although finding a broker that can be one of the trusted forex brokers is tough. But, it can be easier if you choose from our regulated and trusted forex brokers list.
Our research team and dedicated traders find out some best forex broker reviews who are regulated and trusted. With these brokers, you can take immediate action without any hesitation. Let’s see why regulated brokers are important, and how did we list them.
Why Trade with Regulated Forex Brokers?
When you set your mind for a certain broker, the first thing you have to check is which regulatory authorities oversee their operations and broker’s methods. But why should you check these? It is because; through these checklists, you can make yourself safe from the scammers. Besides, there are some other reasons to trader with regulated forex brokers. They are-
How Did We Choose Regulated and Trusted Forex Brokers?
When we make a list for regulated brokers, we through some factors that make those brokers trusted in our radar. Read on to know the factors we consider.
The first factor we look for is whether the broker is regulated or not. If we get positive, further, we look for the specific regulatory bodies the broker registered to. Regulations ensure that the client is traders are handled professionally and ethically.
The next thing we look at is the broker’s trading account offerings such as micro, mini, ECN, etc. Accounts are important because these will match your initial investment capabilities. So, we have looked at the account types offered by our listed brokers keenly.
With responsive client support, you will get your expected solutions quickly. So, speedy customer services are necessary.
Platform plays a significant role in forex trading as it can give you an insight into the market with necessary trading tools. However, third-party platforms are the most popular ones, and those were our priorities.
However, we considered some other minor criteria too. But these are the most important ones to filter the Regulated and Trusted forex brokers.
On the other hand, you don’t need to get worried about who is trusted, forex brokers! Picking one from our list would be good to go to start forex trading.
Meta: In forex trading, the safety of your fund should be the highest priority, and regulated forex brokers can ensure you the ultimate security to your funds.