Regulated forex brokers are professionals that have registered themselves as members of various government financial institutions like the FSA, NFA, CFTC and FSP. In brief, the authority regulates the activities and conduct of these professionals thus safeguarding the interests and financial safety of their clients. When a forex broker is regulated, it means that they are bound to abide by the rules and regulations that control the forex market. If found to be in contravention of the norms, this company risks having their license canceled and, therefore, not allowed to transact any form of forex business. It is important to consider the reputation of the forex broker in the market. This is because quality of the services offered to customers plays a significant role in gauging the seriousness of a broker. If the company has a lot of negative criticism, then chances of it offering substandard services are high. Also, multiple years of exemplary customer service is what sets the bar for reliable regulated forex brokers.
via Forextra - Forex Trading Explained: Tips, Strategies + More For FX Currency Trading http://ift.tt/1LG1ngL
via Forextra - Forex Trading Explained: Tips, Strategies + More For FX Currency Trading http://ift.tt/1LG1ngL