Author Topic: Finding a Broker  (Read 1151 times)

Caesar

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Finding a Broker
« on: October 22, 2019, 07:31:53 PM »
We suggest how to begin looking for a broker in the thread below which is in our Beginners Guide to Forex.

https://www.notthenoobs.com/index.php/topic,4.msg313.html#msg313

As the Beginners Guide is a locked topic, this thread here is where you can post your comments and any questions you may have.

We look forward to hearing from you.
« Last Edit: October 23, 2019, 07:45:56 AM by Caeser »
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Caesar

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Re: Finding a Broker
« Reply #1 on: November 21, 2019, 08:07:23 AM »
One thing definitely worth noting if you live in an area with little or no regulatory support for traders or where questionable brokers are allowed to operate out of, if you open your trading account with a UK-based broker you are afforded the same level of protection from the Financial Services Compensation Scheme as someone living in the UK.

For more information on the Financial Services Compensation Scheme follow the link below.
https://www.fscs.org.uk/?gclid=EAIaIQobChMIn6GQrez65QIVh63tCh19RwJXEAAYASAAEgJvJvD_BwE
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Caesar

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Re: Finding a Broker
« Reply #2 on: January 24, 2020, 07:58:34 AM »
"Thank you for this. I was not sure who to open my account with and this has been helpful.  I have had account before but only for very small amount of money and demo account."

Message I received this morning from one of our members who has not yet posted themselves.
I am sure we all wish them all the best with their trading
« Last Edit: January 24, 2020, 08:01:38 AM by Caesar »
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eddieb

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Re: Finding a Broker
« Reply #3 on: May 25, 2020, 08:39:14 AM »
if you open your trading account with a UK-based broker you are afforded the same level of protection from the Financial Services Compensation Scheme as someone living in the UK.

For more information on the Financial Services Compensation Scheme follow the link below.
https://www.fscs.org.uk/?gclid=EAIaIQobChMIn6GQrez65QIVh63tCh19RwJXEAAYASAAEgJvJvD_BwE

That's a really useful thing for traders living in countries with little or no retail trader legal protection. It doesn't matter where in the world you live,  just check on the link above that your broker is UK regulated before handing over any money
Disclaimer. Posts are just my thoughts,  not recommendations.  Do your own due diligence before trading