Have you ever heard about Forex promotion which offers higher profit up to 100% in a short way? Also, it offers an easy registration, higher profit, who will decline it?
However, if you pay more attention to its promotions, you need to know that actually those promotions are made by unregulated Forex brokers.
They easily give the novice traders such promises because it has not set by the law or other rules. If only the brokers take the traders’ money out, there are no consequences and traders can’t prosecute the perpetrator(s).
A regulated broker can’t make such promises to the traders since there is a particular firm that supervises them in its operation. Even for the bonus, it seldom happens in the form of money.
However, it tends to be non-material stuff such as training or seminar and rent a free VPN and trading signal. A regulated Forex is prohibited to make such a double profit. To emphasize this point, there will always a risk in each trading and investment activity.
Therefore, it is better for you to choose a regulated broker. Why and How? Here are the explanations.
A Broker Legacy is Guaranteed by the Law
A regulated broker must have official permission so that it is legal and the address is clear enough. A regulator will also help and check the broker’s activities.
If Forex broker has a pervert or reported in a crime, the regulator will investigate and then gives the penalty or fine. The most horrible is that cut off the broker’s permission and the case will be processed in the court.
A regulated Forex broker also should provide a clear dispute for its settlement for traders. If only there is a problem with the Account Manager or platform trading, so the internal company must be able to settle it appropriately. If you feel not satisfied, you can also propose a settlement of the dispute to the regulator so that the mediation can be done and investigated.
That policy won’t be attached by illegal brokers as there is no much valid information regarding the brokers. Even they put an address in a country, the address can be fake and the office is not actually there. When you have some problems related to your trading, you are not able to prosecute the illegal brokers.
To emphasize this point, you need to be careful and see the validation of the broker Forex, so that it will also help you to prosecute if there is a problem in the future.
