DwainUK replies to: Why do I trade FOrex


{quote} I agree. Also, double check any regulatory information the broker provides with the actual regulator. Makes sure its phones and addresses are real, etc.

Makes no difference if they are regulated or not. If they are going to go bust they are going to go bust.

Lehman Brothers were regulated! Look what happened to them.

A specific example Alpari UK was regulated – they went pop and clients got back $0.88 in the $ – but took over 3 years to get this confirmed and paid out. Although people can claim under FSA rules up to a £50k balance

Being regulated for Forex is a small buffer, but in reality, I wouldn’t rely on it too much.

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