Because US government don't allow their citizens to invest money in any other country.
Forex broker regulations?
- Thread starter Rambo35
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Because US government don't allow their citizens to invest money in any other country.
It is not that they do not allow US citizens to join foreign brokers. It is that they forbid foreign brokers who are not registered with CFTC and NFA to accept US citizens.
That's quite literally a piece of bullshit. US citizens can invest in any foreign country that is not designated as a "state sponsor of terrorism."
Actually my answer was very specific only to that comment.
I understand NFA and CFTC regulation requirements for International Brokerages.
Why international Brokerages can't just regulate their business with NFA/CFTC ? After all it will bring more business for them.
Once you find answer to my question you will probably end up with the same answer that i posted previously.
Regulated, licensed, authorized or accredited, call it what you want, but change is happening in the binary option brokers industry!
Currently, more than twenty binary option brokers are regulated by CySEC. Cyprus is a member of the EU, and the CySEC license is accepted by all EU countries.No CySEC regulated broker accepts option traders from the United States
Currently, more than twenty binary option brokers are regulated by CySEC. Cyprus is a member of the EU, and the CySEC license is accepted by all EU countries.No CySEC regulated broker accepts option traders from the United States
A foreign company may get registered with NFA. For example, Oanda is a Canadian broker regulated by CFTC/NFA.
Success lies in finding only a right broker. Do your independent research and also back test your strategy.
All the Newbie Trader like me always seek for new forex bonus and promotions to start with forex trading
I can only agree to that. My broker (Tickmill) is an offshore one, but during the CHF crisis all accounts were protected against negative amount.
Many clients of some big regulated brokers thought the same, but there were wrong as they unfortunately discovered.
So definitely now reputation is to be taken into account and not only regulation !
Some regulators are really sucks, so I don't trust them much. Try to real on more objective data like broker reviews, etc.
What are your examples of regulated scam brokers? I mean of those regulated by the credible institutions like FCA, CFTC, FINRA, etc.
Yes Forex broker should be regulated and registered . If you will trade with regulated broker your money will be safe. I trade with Forex Metal broker and it is regulated.
Though it true that these days, regulation is not a guarantee that a forex broker will not practice shady activities. But it vital at the same time to check whether they are regulated where they are situated, to get some major sense of security.
regulations are an added plus to an extend for it to be a must, we all go for a regulated broker, multi regulations is another plus, for example hotforex regulated by both the FSC and the CySec, and other brokers regulated all through out europe, but having a regulated broker doesnt always mean the broker is good. so exrt always the extra effort to have them checked.
Agreed but at least it has less possibilities for the broker to be a scam one if they are regulated from more than one regulator and also which one !
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