Thread: Trade with a regulated broker

Dear members, There are many forex brokers now a day, some of them are regulated broker and some of them or not. I suggest you to trade with regulated broker like UWCFX. Regulated brokers are those who are registered with CYSEC. CYSEC stands for Cyprus Security and Exchange Commission. CYSEC has some responsibilities, like, to supervise and control the operation of the Stock Exchange, the transactions carried out, the issuers of securities listed on the Stock Exchange, the licensed investment services companies as well as the collective investment schemes. Another responsibility is to impose administrative sanctions and disciplinary penalties to brokers, brokerage firms and investment consultants to secure the clients.

So trading with a regulated broker is most safe and secure. United World Capital is registered in CYSEC under the license number 093/08. And FSA EEA regulated under the license number 504862. You can check it on their site:
www.uwcfx.com

Make sure that the broker has a completely online back office, which is essential for monitoring your funds and stocks and for checking the historical reports about your transactions. Look out for the brokers that provide the facility of real-time funds transfer and online funds withdrawal. Check out if the broker has tie-up with your bank so that it becomes easier for you to manage your funds.

I have traded with easy forex for a few years, and it seems a good broker for me. No problem to withdraw profit.

Hey, so I'm a complete newbie in Forex. Guess regulation is important, but what exactly it means for me as a trader? How does it protect my investments from lets say fraud activities? I checked the website, it looks like a trustworthy company, but how am I legally protected? Need to understand it before I start learning or working with any of the companies.

Originally Posted by m_irish

Hey, so I'm a complete newbie in Forex. Guess regulation is important, but what exactly it means for me as a trader? How does it protect my investments from lets say fraud activities? I checked the website, it looks like a trustworthy company, but how am I legally protected? Need to understand it before I start learning or working with any of the companies.

Ok well, I have clearly mention that regulated mean registered broker. And CYSEC has all the information about this broker, i.e Address, Bank Account etc. etc. So there is no chance of scam, your money will be secure with this broker.

This broker has a forum also, you can post on this forum and get money for trading and you can withdraw it without trading also. Currently the rates are $0.25 per reply and $0.23 per thread started. Here is the link to join and for more information:
http://www.fxfred.com/forum.php?referrerid=6618

Originally Posted by m_irish

Hey, so I'm a complete newbie in Forex. Guess regulation is important, but what exactly it means for me as a trader? How does it protect my investments from lets say fraud activities? I checked the website, it looks like a trustworthy company, but how am I legally protected? Need to understand it before I start learning or working with any of the companies.

Regulation is not the most important thing in forex not all good brokers are regulated. The most important things are good spreads and fast execution of trades

Originally Posted by andyelle1

Regulation is not the most important thing in forex not all good brokers are regulated. The most important things are good spreads and fast execution of trades

I must totally disagree with you. Of course it is the most important thing about trading in forex market. How can you trust a broker which does not guarantee the safety of your funds? Would you give your money to a person on the street who can not provide any certificates and legal documents that your funds are safe with him? If no then DO NOT trust unregulated forex brokers.

Mentioned in the subject UWCfx is a member of the EICF(European Investor Compensation Fund) protecting your money up to 20k euros.