How to Verify the CFTC Registration of a US Forex Broker ...

CFTC charges company over offering illegal leveraged transactions in ETH, LTC, BTC

This post was originally published on this siteThis post was originally published on this site U.S Commodity Futures Trading Commission (CFTC) has charged Laino Group Limited’s PaxForex, a company based in St. Vincent and the Grenadines, for engaging in illegal retail commodity transactions in crypto, gold and silver and for failing to register with the CFTC as a futures commission merchant (FCM) […]
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The Importance Of Choosing The Right Forex Broker And How to Do It

The Importance Of Choosing The Right Forex Broker And How to Do It
One of the most common ways of getting started with Forex trading is through a Forex broker. When you are a beginner Forex trader you are most likely to opt for the same alternative, but the mistake that most rookie traders make is choosing the wrong broker. If your first step does not go right then you can merely depend on luck and in a competitive field like the Forex market, being lucky is very rare. The best alternative is to have the right information and also use it well.
If you are thinking that how a Forex broker can be so important, here it is. The broker you choose will be the one that will be keeping your invested money in the account. Apart from this, a good broker will also be providing you their expertise about the changes happening in the market. This expertise comes with a fee but it is a small amount to pay for the information that can help you not just earn profits but also convert a loss into no loss.

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Choosing The Perfect Broker
A good broker will be transparent regarding his fees, commissions, etc. but mostly it is not the case. If you have not done your research on a broker, well you might have to face some unwelcome surprises. So you do not have to face all these unpleasantness, here is a guide to choose the right broker.

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1. Figure Yourself Out As An Investor

Different brokers offer different kinds of services and you will have to figure which kind of service will suit you the most. Whether you are going to invest big or small, how often you would like to invest, these are the things that can help make a final choice but that is not it. Choosing the right broker takes a lot more than this.

2. Figuring Your Affordability

The brokerage companies charge you a transaction fee. If you are a beginner and invested a small amount just to try your luck or to gain initial experience. Turns out you earned the profit, but what if the brokerage fee is 2 times more than what you earned. This will be the kind of shock that will leave you feeling humiliated for not choosing wisely. As a beginner choose the broker with less fee but also make sure if the account being provided is secure. The next point is about all that.

3. Always Choose A Regulated Broker Firm

A regulated is important to choose because that will automatically take care of the various security issues. If you are choosing a broker in the United States of America, he will be regulated by the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA). Similar organizations are present in France, Germany, United Kingdom, Austria, Canada, and Switzerland. The presence of regulating organizations does not mean that all the brokers are regulated so pick wisely. If you want to be sure if your broker is actually registered under the NFA, you can visit the website of NFA and cross-check to be sure and safe.

4. Be Thoroughly Informed About The Terms And Conditions Of The Brokerage Firm

The rules and regulations of a brokerage firm can be tricky to understand at times. If you do not take your time to understand these terms well and choose the broker just like that, there will be times when you will want to change the past but will not be able to. For example, some brokerage firms do not allow you to withdraw your investment or trade it instantly. In situations like these, you will be at a major loss. Although such terms also come with benefits, but that depends on the kind of investor you are.
With some brokers, the rules are as such that closing your account will be a tedious task. The broker does not want to lose you as a client and he/she can try various things for this. So, if you are willing to withdraw back you might have to waste a week's time or more with unnecessary things like filling lengthy forms, speak to the company's representative, take surveys, etc.

5. Find Out If You Will Get 24/6 coverage

24/6 means that you can consult your firm's customer service anytime between Sunday afternoon and Friday afternoon. Before you finally invest, put your broker through a small test. Give a call and see how quick and relevant are the responses from the broker's end.
Apart from choosing the right broker, you will also need to have a mentor to learn more about currency analysis and other factors responsible for Forex trading. You can always look up for a trading course online but if you want the best then Ha is your answer. to know more about his Forex trading course click here.
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Do you know some financial regulators in the world?

The strictest financial regulators are from UK,US,HK and AUS.
FCA - full name of Financial Conduct Authority. UK currently has the most complete and sound financial service, and FCA strictly regulates all financial institutions registered in UK.
NFA - full name of National Futures Association. The main function of NFA is to supervise their members to strictly abide by federal laws and the CFTC rules through rigid management. In addition, NFA also has its own rules to supervise the practices of Forex brokers, thus traders and investors can be protected from deceiving.
SFC - full name of Securities and Futures Commission of Hongkong. SFC is a statutory body independent of the civil service structure of the Government. It is responsible for regulate the securities and futures market in HongKong. Through effective supervision and guidance, SFC has promoted the HongKong securities and futures market in a fair, efficient and orderly manner.
ASIC - full name of Australian Securities and Investment Commission. ASIC is an independent government department that exercises regulatory functions for companies, investment behavior, financial products and services independently. It is the regulator of the Australian banking, securities and Forex retail industries.
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CFTC forex brokers are considered to be the most reliable companies in the entire world due to their unwavering dedication towards offering a fair platform for investors to trade in the financial markets. All types of brokers regulated in the US are accountable to the CFTC, and most brokers act in the best interests of clients. Unlike other regulatory agencies such as the FCA, consumers have ... Forex Trading.Company was established to provide global traders a deep and insightful source of information on forex trading strategies and indicators. With guides for everyone from beginner traders in Bangladesh to advanced strategists in Hong Kong we want the world trading community to benefit from our in-depth broker comparison + reviews, features, and commentary. Before working with any person or firm to trade in commodity futures, commodity pools, options, forex, or other derivatives, verify that the entity is properly registered with the CFTC. The Commodity Exchange Act requires certain firms and individuals to be registered with the CFTC. Registration and examination of intermediaries is conducted on behalf of the CFTC by the National Futures ... Fraud Advisory: Foreign Currency (Forex) Fraud. The forex market is volatile and carries substantial risks. It is not the place to put any money that you cannot afford to lose, such as retirement funds, as you can lose most or all it very quickly. The CFTC has witnessed a sharp rise in forex trading scams in recent years and wants to advise you on how to identify potential fraud. Forex brokers should provide periodic audit reports and financial statements to the CFTC outlining the fine print of how a company manages its finances, including the way in which a company handles its clients’ funds. The CFTC directs the NFA to ensure that all CFTC regulated brokers hold their client funds in segregated accounts and that no firm can misuse any part of the investor’s ... The CFTC says that because Highrise, Green Knight, SR&B, King Royalty, and Bull Run solicited funds for the purpose of trading Forex in pooled accounts, each acted as a commodity pool operator (CPO) while operating a commodity pool in its own name. At no time during the Relevant Period were any of these entities registered with the CFTC as CPOs. CFTC-monitored Forex brokers must always follow their criteria and abide by their guidelines. While Forex continues to expand in the US, FX firms are trying to penetrate this market to get their ...

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(“Company”) is not an investment or advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities, equities, or currencies ... Pepperstone Limited is registered at 70 Gracechurch St, London, EC3V 0HR UNITED KINGDOM (Company Number 08965105) and is authorized and regulated by the Financial Conduct Authority (FRN 684312 ... Nadex is the first and largest CFTC-regulated online exchange in the U.S offering binary options and spreads to individual traders. Nadex is a trusted and secure, low-cost, limited risk way to ... CFTC RULE 4.41 – These results are based on simulated or hypothetical performance results that have certain inherent limitations. Unlike the results shown in an actual performance record, these ... This newly formed company filed to become a registered Designated Contract Market (DCM) with the Commodity Futures Trading Commission (CFTC). The Small Exchange’s mission is to become the world ... Nadex is the first and largest CFTC-regulated online exchange in the U.S offering binary options and spreads to individual traders. Nadex is a trusted and secure, low-cost, limited risk way to ... • Registration / Regulation – a Forex broker has to be registered with the FCM or Futures Commission Merchants. A broker should be regulated by the CFTC or Community Futures Trading Commission.

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