How important is regulatory compliance for a broker

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lenga ®

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Post 06-May-2020 15:41

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How important is regulatory compliance for a broker
If a Forex and CFD broker is regulated, it will notify you on its website along with the relevant license number. Usually more information about this can be found in the "about us" section, as well as in the footer of the website. Please note that there are different regulatory authorities in different regions, so the main rule to follow is to make sure that the broker you choose is regulated by the appropriate authority in your region of operation.
For example, in the UK, a reputable Forex broker is officially authorized and regulated by the financial conduct Authority (FCA). In addition, brokers in the EU must act in accordance with the guidelines of ESMA - the European securities and markets authority. In Australia, the key regulator is the Australian securities and investment Commission.
If you are concerned about the security of your deposits and the level of reliability of the broker-open all your accounts only in those companies that are properly regulated.
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DanielAnoke

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