In addition to this, crypto exchanges are privately owned companies whose main objective is to facilitate crypto trading for other assets such as digital and fiat currencies. Their main objective is to offer crypto-to-crypto or crypto-to-fiat pairs to their clients. Thus, they don’t receive the difference between the buying and the selling price of crypto. Furthermore, crypto exchanges provide a wide range of cryptocurrencies and other digital assets to their clients as it is their primary business.

The best way to trade crypto is by choosing a professional and reputable crypto exchange. In this guide, we have discussed the top reasons why you should buy and sell cryptocurrencies only through a reliable crypto exchange. 

Safety And Privacy

When you use a crypto exchange platform for crypto trading, you are not sharing your personal information with the merchant. Thus, you are able to protect your identity and keep your personal info private. Furthermore, top crypto exchanges use encrypted solutions to keep your transactions secure. 

The top Crypto Wallet allows you to manage and trade cryptocurrencies. Public and private user keys are stored in a crypto trading wallet, which also offers a user-friendly interface for managing cryptocurrency holdings. 

Most times it is seen crypto being used for illegal activities as it is difficult to trace. While it is true, it is also important to understand that all crypto transactions are saved in a public ledger called a blockchain. Therefore, it is still possible to trace back these transactions whenever required.

Low Transaction Fees

Another significant benefit of using crypto exchange platforms is that traders have to pay lower fees than traditional methods such as PayPal or credit cards. The reason is that there is no intermediary involved in the entire transaction. The transaction fee is the only fee a trader must pay if he/she uses a crypto exchange platform. This fee is based on your platform and the crypto you trade. Nevertheless, the fees are actually very lower when compared with traditional methods. Thus, it is worth saying that trading with a crypto exchange is cost-friendly.

Access To More Cryptocurrencies

When you choose to deal with a crypto exchange, you get access to a wide range of cryptocurrencies (not possible with a crypto broker). Hence, the opportunity to choose a coin or a token is much bigger in crypto exchanges. Many crypto exchanges regularly expand their offering list and let traders choose from numerous new assets on a regular basis.

One thing to bear in mind is that not all crypto exchanges are the same. While some might be better in payment processing, others are suited for smart contracts; therefore, each one of them has its own strengths and weaknesses. However, the objective is the same for all: “Buy Low And Sell High”. Actually, it is this motto only that brings profits in crypto trading.

Speed And Convenience

The best thing about crypto exchange platforms is that they are quick and efficient. The transactions can be confirmed within minutes, and also you can do so from the comfort of your home. This makes crypto exchanges a better option over traditional methods such as bank transfers, which generally take several days to process the payment.

Ability To Trade Directly

Crypto exchanges let traders buy and sell cryptocurrencies directly. This means that the trader can sell or buy crypto for another crypto asset or fiat without paying the price difference. Apart from this, traders can also take advantage of other trading instruments like futures trading when they deal with a crypto exchange.

Conclusion

In the end, one can conclude that crypto exchange platforms are the best option if you are seeking a fast, efficient and quick way to enter the crypto market. The platform makes the buying and selling of cryptocurrencies very smooth for traders. The reasons to use crypto exchange platforms are not limited to what is mentioned above; there are so many more! But, the bottom line here is to use a crypto exchange platform only if you are considering getting involved in the crypto market.

Thus, an ECN broker is an expert in providing traders with multiple trading opportunities. However, it is not as easy as it seems to find a true ECN broker. When comparing various best ecn forex brokers, check their commissions and other fees. Every minute detail about the commission structure should be presented transparently so that you can have a trustworthy relationship with them.

The significance of an efficient broker cannot be ignored in generating trading profits. Why so? Because it is the brokers only who are going to provide you access to the interbank market. Thus, here are some tips that can help you narrow down your choices and pick a broker that can serve your needs in the best possible manner.

Check Their Qualifications

If you are just in the beginning stage of the trading market, it is vital that you check the qualifications of the ECN broker you are going to work with. It is recommended that you only work with the regulated ECN broker as they follow all the guidelines meant to protect the traders by defining what a broker should and should not do. Also, when checking the regulatory status, ensure the broker is regulated in the country you reside in; otherwise, there might be the case that the particular regulation does not apply in your area.

Check Numerous Charts

While trading, there are certain charts that a trader must check to determine the bid they will be placed along with the exchange rates under which they will be placed. There are two types of charts that you need to check:

• The charts provided by your forex broker
• The order chart as decided by you when you place your bid

The reason why this is important is that there are a few brokers who will emphasize the fact that they will do everything on your behalf. This can be a wrong move to make on the part of the trader, as they are just allowing the broker to steal your money by asking you for a higher bid. Thus, whenever such a doubt pops up, the charts are the best tool to resort to.

Ask About Your Order Limit

An order limit is the total number of limits or auctions you can participate in. In short, it depicts how credible a broker is. Actually, there is no such thing as an order limit, so if your broker provides you with so, it’s for sure that he is going to oppose your trading decisions. They might push you to execute certain trades that often conflict with your personal interests. 

Most brokers care more about their commissions rather than the bids placed; thus if they are telling you how you should place your bids, there might be some ulterior motive for the same. Therefore, while trading, you must always keep your emotions and feelings aside and rely only on facts and objective data when making decisions. Never let your broker pressurize you to take some decisions in the heat of the moment.

Check The Broker’s Professionalism

An individual must consider all the precautionary measures when choosing an ECN broker. Not every person is equipped for the job; hence considering a few things will help you determine if they are worth your time and money or not. Quite often, a reliable ECN broker is someone you can trust and will offer all the information you need without much delay. They will not hesitate to tell you:

• Why certain deals turned out to be successful
• How efficient and resourceful they are
• How responsive they are to the client’s queries

Conclusion

If you doubt your decision about any ECN broker, you can consider the factors mentioned above. If all of them check out, indeed, you can consider yourself in safe hands.

When choosing a forex broker, commissions and spreads should not be your only considerations; you also need to ensure that the broker is properly regulated. The significance of selecting the right broker by reading the forex broker review cannot be underestimated as it governs whether your trading funds would be kept safe or exposed to risks. Therefore, it is vital to choose a regulated broker as his activities are constantly monitored and controlled by a regulator to prevent any fraudulent activities. Here are the top reasons to select a regulated broker for trading currencies:

5 Key Benefits Of Regulated Forex Brokers:

1. Regulated By A Top Authority:

Most forex brokers are regulated by top authorities whose primary objective is to regulate the behavior of forex brokers and to keep forex traders safe and allow them to trade with peace of mind. Regulated brokers are required to keep the traders’ money separate from their business money so that the traders don’t suffer if the broker goes into liquidation. Regulators often take measures to enhance the financial stability of the brokers while ensuring clients’ money is never used for any broker’s business purpose.

2. Keeps Traders’ Funds Safe And Secure:

As a trader, the last thing you would want is to put your investment money at risk. Therefore, to prevent that, it is best that you choose a regulated broker because it is one of the requirements for a licensed broker to keep the client’s funds segregated from that of business funds. This ensures that clients can easily withdraw their money and will not lose their hard-earned cash in any event despite how hard a time the broker is facing. Moreover, the clients always have the opportunity to check where their funds are. Thus, they can request a prompt return in case of liquidation.

3. High Credibility And Adherence To Guidelines:

A regulated broker can only hire those employees in his firm who are fully qualified to operate in the money market. Additionally, they are required to present a list of their employees along with their qualifications to the regulated authority. Additionally, they must provide information regarding the types of trading instruments they offer, including stocks, commodities, forex, indices and more.

In addition to this, because of the strict guidelines, regulated brokers also have to follow adequate accounting and bookkeeping practices to ensure that the business transactions never overlap with the clients’ funds at any movement.

4. Transparent And Honest Trading Operations:

When choosing a broker, it is vital to ensure he maintains transparency in his operations. This means that he should be able to execute transparent trades while offering a comprehensive range of commissions and trading spreads. A regulated broker maintains transparency in the business practices and never misleads potential clients and traders through their claims and offers.

5. Excellent Customer Support:

While all forex brokers strive to provide the best service to their clients, not every one of them can stick to their word. However, regulated brokers are highly motivated and ensure their clients are happy and satisfied with the services being provided to them. Whenever a clash happens between the broker and trader, the regulatory body comes forward to resolve the dispute.

Regulated brokers aspire to offer a superior trading experience to their clients by helping them with the following:

• Setting up and funding of your trading account
• Resolving technical glitches that you might encounter on the trading platform
• Offering you relevant trading information regarding spreads and trading platforms

Since forex trading is fast-paced, you need high-quality customer support at all times to get the best out of your trading activity. If the broker cannot offer you the same, it could cost you significant time and money. Thankfully, by choosing a regulated broker that offers 24*7 customer support, you can avoid this situation and get a smoother and better trading experience.

Copy trading is an effective way by which you can copy the trading techniques of other successful traders. Here are some tips that can help you select the best copy trading platform for your trading needs:

Minimum Deposit

One of the most significant factors to consider when choosing a copy trading platform is the minimum deposit. Many best copy trading platforms have relatively high minimum deposits (which can be as high as $250), making it a quiet obstacle for some traders to avail of such services. On the contrary, it enables traders serious about crypto trading to earn massive returns. It’s worth mentioning that the minimum deposit requirements to open a copy trading account can vary from country to country. It is possible that you can find the best copy trading platform with much less minimum deposit requirements.

Fees

The primary reason for the immense popularity of crypto trading is its ability to generate enormous profits, which is impossible in other traditional markets like crypto and Forex. This is why there is so much competition among brokers and exchanges who offer crypto trading services. Consequently, with the ongoing price wars, it is easy to find a platform that charges nominal fees in exchange for impeccable features and services.

Customer Support

Just like in any other financial market, in the crypto market too, the level of customer support you tend to get is vital to consider because of its direct impact on your satisfaction level. It should be easy for you to contact the customer support team at any time. There’s nothing better if the customer support team can answer your question quickly. You can look out for ways in which the broker/exchange tends to connect with their clients to determine how responsive they are in solving your queries.

Copy Trading History

Before you start using copy trading to trade in the crypto market, it is vital that you understand how it actually works. You must check the history of the copy trading service provider. Furthermore, always try to follow the traders who have been consistent in making profits. Also, don’t rush into copy trading; first, understand how things work. Impulsive trading should be avoided at all costs because it can lead to significant losses due to poor execution of trades.

Copy Trading Software

Find a good broker who can offer you much more than real-time quotes. They should have excellent copy trading software in place (if copy trading is something you are interested in). The software should have a user-friendly interface that can enable you to view all your trading activities and statistics regarding all the profits you are making under one roof.

Trading Signals

There are so many ways to make money via crypto trading. One such way is the automated trading system that enables traders to create their own strategies after evaluating the market trends over a period of time. Some of the best copy trading platforms go beyond this and also provide access to crypto signals of experienced traders with a decent track record. Check copy trading reviews, view rankings, and compare trading platforms to choose right one. 

Video Source: forex signals daily

Investment Plans

Investment plans are important to look for in a copy trading platform so as to maximize your returns over a period of time. In simple words, it means investing a minimum of $250 every month is eventually going to build up your wealth and diversify your cryptocurrency portfolio. These copy trading platforms are very useful as they help you make money faster through diversification, whereby you tend to invest in multiple cryptocurrencies and other assets to spread out your risk.

Better Understanding

One excellent way to make profits through crypto trading is that it enables you to understand the complexities efficiently. You can start by opening a copy trading account with the broker that can let you trade cryptocurrencies by following the strategies of other traders. Although this option might come at an additional fee, considering the benefits you will be getting, it will be worth it!

Certification

There are numerous regulatory authorities that offer certifications to top forex brokers. NFA (National Futures Association) is one of them. Many renowned brokers have already earned this certification and are trusted by many traders. However, in order to get an NFA-certified broker, one must pass a written examination. Furthermore, NFA provides access to various courses on forex brokers. These courses are available in both physical classrooms and virtually. The basic idea of these courses is to help novice traders learn the forex basics. In this way, they will be able to find the best brokers according to their trading needs.

Leverage

Forex brokers offer different types of leverage based on the traders’ needs. While some traders wish to minimize their risk while maximizing their returns, others want high leverage but want to keep the spreads low. Thus based on your risk capacity, you should choose a broker with high or low leverage.

Terms And Conditions

Brokers don’t just spell out their secrets. Thus, before you start trading, make sure to check the terms and conditions of the forex broker in question. Furthermore, if you wish to get additional information on forex brokers, you can check the regulator’s website with whom the broker is registered. For Example, if NFA regulates a forex broker, you can find a good amount of information about that broker on their website.

Open A Demo Account

Forex beginners should know the requirements to open a demo account with a forex broker. Social trading platforms offer the facility of a demo account. With the help of a demo account, traders can start trading just like the live trading account but without putting their real money at risk. As a trader, if you have learned and understood how forex brokers work, it is easier to make consistent profits from forex pairs. And a demo account is a great way to do so.

Check The Policies Before Selecting A Forex Broker

Before you select any forex broker, you should learn about their policies for accepting new clients. This is because you will find many forex brokers in the market who don’t accept clients from other countries or brokers. Thus, traders need to check whether or not they can access the broker’s trading platform. For Example, there are some brokers who only accept traders with an active trading account in a bank. Without it, you cannot trade on their trading platforms.

Rules And Regulations

The regulatory body also has a significant role in establishing forex trading guidelines. A broker is required to follow a certain set of rules if they are regulated. Failure to do so can lead to the freezing of their account or permanently shutting down of their business. Thus, as a trader, it is always recommended to choose a regulated broker who adheres to specific guidelines set by the broker.

Trading Platforms

There are two types of trading platforms offered by forex brokers to their clients. One is a free-for-all trading platform which is widely used by all the forex brokers across the world. One such example is MetaTrader. The other one is a restricted service platform that is specifically available with one broker only. 

Easy Access To The Market

Last but not least, the traders should also keep in mind how easy it is for them to access the forex market. This means the available forex trading platforms with the broker should be easy to use. Furthermore, it should allow traders to access the market easily via live quotes. Sometimes, when using the trading platform, traders face a server problem or firewall blocking the currency exchange rate. In such cases, the trader must make sure they have a built-in benchmark in order to check the performance of their brokers.

Choose Your Forex Broker Wisely To Avoid Scammers

For all those eager to enter the forex market, there are several concerns you need to address before venturing into forex trading. Firstly, you should know that the market is flooded with scammers who are just after your hard-earned money. Over the past few years, scammers have upgraded themselves and have started using sophisticated methods to lure inexperienced traders. Not only novice traders are sometimes also able to influence professional traders and make them fall into their traps.

What are the red flags to watch out for to make sure you don’t end up choosing a scam forex broker? Well, the most common way for these scammers to find victims is by claiming that they will double or triple your profits in no time. But in the end, they would just take away all your money and disappear! What makes it more frustrating is that they use a name similar to a reputable brokerage company and offer attractive bonuses to traders. Hence, you should always take some time out when choosing a broker for the safety of your funds.

Regulated Brokers Keep Your Funds Secure

Going further with the previous point, choosing a trustworthy and reliable online forex brokers can shield you from scammers. A regulated broker can never misuse your funds, and even if he does, you will have the right to take legal action. Regulations ensure that the broker does the business fairly and transparently in the country where they have a registered office. In short, a license from an authorized regulatory body is a significant accreditation for a forex broker. Although dealing with a regulated forex broker does not guarantee problem-free trading, it might protect you against potential fraud issues. Therefore, it is recommended that traders check where the broker is because the legislative requirements for brokers can vary from country to country.

Are the Account Types Offered By The Forex Broker In Line With Your Skills And Preferences?

Since there are hundreds of forex brokers available online, it is vital that you choose a reliable forex broker that has all the features you are looking for. The type of trading accounts offered by the forex broker has a huge impact on your overall trading experience. Many forex brokers would not mind going the extra mile to cater to their client’s needs when it comes to the types of accounts available. Additionally, keep one thing in mind: the possibility of big bonuses can decrease your trading position size. So, one can say that a deposit bonus is just a marketing trick used by brokers to entice more clients. Therefore, if the broker in question is drawing your attention by offering an overly nice bonus offer, make sure to check thoroughly and understand the terms and conditions of the broker’s reward program before finalizing anything. 

Good Educational Materials

Reputable brokers always have a wide range of educational materials available for their clients to keep them updated with the latest market trends. They offer quality content via e-books, tutorials, videos and seminars. Their main objective for providing such materials is to keep traders on top of the latest trading strategies, money management tips and more. This is particularly important for newbie traders with no prior experience in trading forex. For them, it would be best to check whether the broker can offer free educational resources and tools when registering on the website. The more you invest in learning about the forex market, the more chances for profits.

Conclusion

When selecting a broker for forex trading, your major concern should be that you are not kicked off from the market before even starting to make money. Beware that a large proportion of forex traders lose their chance at forex trading because they choose the wrong broker. So, do everything you can so that you fall prey to a scammer. Once you have chosen the right broker, you get one step closer to a successful trading career.

Selecting A Quality Forex Broker

• Lower Spreads

The most significant way to generate profits in forex trading is through spreads. The spread refers to the difference between buying and selling price of any particular currency at a given point in time. Therefore, it is mandatory to monitor the spread costs when searching for the best forex broker. The lesser the spread, the more profits you can make.

• Quality Registered Institution

Based on your location, forex brokers must be registered by prominent institutions. You can easily verify the broker’s membership by checking the regulator’s website. Always try to avoid brokers who reliable regulators do not back. Never bother dealing with them, as they aren’t worth your time.

• Leverage Options

Always choose a MT4 forex brokers who offers a wide range of leverage options. Leverage is highly important in forex trading. Leverage is always represented in a ratio between the capital amount you offer to the amount the forex broker shall lend you. For Instance, if you choose a leverage of 100:1, it means the broker is going to offer 100 times what you will deposit. However, higher leverage comes with higher risks. If you are a forex beginner looking to invest limited capital, ensure to go with a broker who offers numerous leverage options. This way, you can control the risks adequately.

• Tools

Several forex brokers have multiple tools for their clients to help them have an excellent trading experience. Additionally, they will offer you real-time currency prices. Hence, shop around and look for a broker with various tools to help you trade successfully. Some of the critical trading tools that a broker should have are:

1. Economic Calendars
2. Technical Analysis
3. Charts
4. Fundamental Analysis

• Customer Support

Since the forex market operates 24 hours a day, it is vital that the broker can offer you round-the-clock customer support. The best forex broker is the one whom you can contact via various communication channels such as phone, email, live chat, social media and many more. Before you choose any broker:
Make sure you contact a few of them and get an idea about how they offer support.
Ask some questions and see how they respond to them.
If you find one not responding timely, don’t do business with them.

• Regulation

Trust is a crucial factor to consider when choosing a forex broker. Thus, look for a forex broker licensed by reputable regulatory bodies. In such jurisdictions, clients’ funds are typically segregated from the company’s funds. This segregation ensures the safety of your funds. In some places, there is also a provision for compensation funds for investors in case the broker defaults. A regulated broker is usually a good sign that the broker in question is safe to deal with.

• Trading Platforms

Many forex traders have a solid preference for Metatrader 4 and 5 trading platforms. Thus, check that the broker you are choosing offers either one of them. Furthermore, some brokers have their own proprietary trading platforms to provide traders with an exclusive trading experience. However, there are only a few of them. Hence, choosing these niche trading platforms is a good option if you want to upgrade your trading game.

• Funding Options

A good broker will always offer its clients a wide range of funding options. Generally, a broker’s two most significant funding options are wire transfers and debit/credit cards. However, if you want to choose some other payment options such as PayPal, Neteller or Skrill, you must check beforehand that the selected broker offers these options. Some brokers even accept crypto deposits but check with the broker for the same before opening a trading account. This will prevent a great deal of disappointment later on.

Conclusion

Forex brokers are varied. Ultimately, it’s less about finding a “quality” forex broker and more about finding someone you feel comfortable with. You can use the tips mentioned above to find the best forex broker for you to begin with, no matter what your eventual intentions are.

For Example: if you are expecting the currency rate of USD/INR to appreciate, and you want to make a profit from this. Thus, to purchase a 1 USD/INR contract at Rs 73.2670, with no leverage, you would be required to pay Rs 73,267 (1 standard lot = 1,000 currency units). But, now assume your trading account only has a balance of Rs. 70,000.

So, what should you do in this situation? Would you give up your dream to make enormous money through forex trading just because you don’t have sufficient capital right now? Do you really need to be rich in order to be rich? Well, the answer to all these questions is a simple “NO”. Leverage is an absolutely amazing concept used in forex trading that can help you build unlimited wealth even if you possess less capital. Let’s learn how leverage works in the forex market and how you can utilize it to multiply your gains.

What’s Leverage In The Forex Market?

Forex leverage is the amount of short-term capital you lend from the broker that lets you control a much bigger position in the forex market with a smaller capital with only one objective in mind: to maximize your profits.

Forex leverage is always expressed in “percentage” or “X”, which is a multiple of your initial deposit. For Example, let’s assume you currently have Rs. 10,000 in the trading account, and your forex broker offers you a leverage of 10X, it means you are able to take positions up to Rs. 1,00,000. Similarly, if the leverage offered by your broker is 50X, you would be able to trade up to Rs. 5,00,000.

The most interesting aspect of forex leverage is that it can go up to 100X or more, depending on the margin requirements. The best forex broker will offer you high leverage against a small margin for forex trading.

Meaning Of Forex Margin

As mentioned above, leverage is a short-term loan from forex brokers. And, just like any other loan, you need security to get leverage. Thus, leverage is the amount that you must deposit to your forex broker to get the loan.

Relationship Between Forex Leverage And Forex Margin

Forex leverage and forex margin are inversely related to each other.

Low Margin = High Leverage and
High Margin = Low Leverage

Is Leverage A Double-Edged Sword?

Forex leverage has the potential to make the otherwise boring forex market an interesting one. However, it might appear a sweet deal, be careful! As it is said, all that glitter is not gold! Just as leverage can amplify your gains, it can also magnify the losses in case the market moves against you. What does it mean, you might ask? Well, you could lose your entire capital in one day! If you leverage as high as 100, 200 or 300 times, you are putting yourself in danger as your entire capital could possibly get eroded.

Hence, you must be extra cautious when choosing a forex leverage ratio. In addition to this, make sure you have an adequate risk management strategy in place to combat this double-edged nature of forex leverage.

What’s The Best Leverage Ratio For Forex Beginners?

There is no doubt that leverage is one of the main attractions of the forex market. Without it, traders may be required to wait for months or even more to see even a 10% change in the trading positions. However, as lucrative and fascinating as it may appear, leverage in forex trading is always considered a risky endeavor. Therefore, when selecting a leverage ratio for trading forex, bear the following points in mind:

• Start with a low leverage ratio when trading forex for the first time.
• Use a stop-loss to minimize your loss and protect your capital.
• Expose 1-2% of the capital for each trade.

Who Is A Regulated CFD Broker?

A regulated CFD broker is registered with a country’s top regulatory body. As they are regulated, they are bound to adhere to the rules of the body, making their operations transparent and accountable.

On the other hand, an unregulated CFD broker is not registered or authorized; hence, they are not compelled to follow any rules and act in any manner they like.

What Are The Risks Of Selecting An Unregulated CFD Broker?

If you choose an unregulated broker to deal with, you are basically putting all your money at risk. There is no guarantee the broker will keep your funds safe or just take all your money and disappear! You cannot judge the true intention of the broker because they are not compelled to follow any guidelines; hence, they may or may not act in your best interests. Therefore, the chances of fraud and mistreatment are high when you trade with an unregulated forex broker. Furthermore, a non-regulated forex broker has no responsibility and accountability to abide by professional ethics and privacy policies, meaning you are sharing your private and financial information on the guarantee of the broker’s character, which yet again has no claim.

What is a CFD?

A contract for difference or commonly referred to as CFD, is a type of contract between the buyer and the seller. According to this contract, the buyer must pay the seller the difference between the asset value during the time of the contract and its current value. The best benefit of CFD trading is that it enables you to trade an asset without owning it. This means you are trading the value of the asset but not the asset. CFD trading involves considering the price movement at the entry and exit points. Thus, it does not take into consideration the actual value of the asset.

What Are The Advantages Of Working With A Regulated Forex Broker?

• Regulated By Top Authorities:

The best thing about regulated cryptocurrency brokers is that they are registered. Thus, they need to maintain a specific level when it comes to performance and standards. Furthermore, they comply with all the guidelines that prevent them from making reckless decisions. Regulated forex brokers are at the top of the broker’s list.

• High Level Of Security:

Your money is at stake; hence, it is normal to seek some kind of security from the CFD broker. And for regulated brokers, this surety and security is an obligation. They are required to maintain a separate account for the trader’s funds and never mingle them with the company’s funds. Additionally, every client is individually tracked to keep their money safe. With a regulated broker, it is also easier to withdraw funds whenever you like, making CFD trading much easier and more convenient for you.

• Impeccable Compliance To Rules:

Being regulated means, the forex and CFD broker has to provide a comprehensive list of their employees, including their qualifications, track record and performance. Additionally, the regulations are strict for brokers to follow a client-friendly approach to record-keeping and accounting.

• Excellent Customer Service:

Regulated brokers are accountable for every action they take, and the clients can withdraw their investments whenever they feel like they have been mistreated. Hence, regulated forex brokers are highly motivated to offer exceptional service and cater to their client’s needs efficiently. They provide excellent support right from the beginning when you set up your trading account to resolve technical issues you might face when trading.

Also read : A Comprehensive On Forex Candlesticks : Everything To Know About

• Possibility Of Recourse:

Often traders see that unregulated broker is nowhere to be found when they face an issue. On the other hand, a regulated broker is obligated to maintain a fully-functional customer support desk. Additionally, you can also contact them through call, email and live chat. All in all, a regulated broker tends to address and resolve your problems efficiently and quickly.