Sensible investors will always choose to trade with a licensed and regulated Forex broker as oppose to an unregulated broker. The reason investors always choose a Licensed Forex Broker, is because they are looking for an honest broker, who will not co-mingle funds from their account with the firms money.
A regulated broker ensures that an investor can withdraw their funds from their trading account. Licensed Forex brokers usually have a better reputation than unlicensed brokers. In the event that a regulated broker declares bankruptcy, the clients funds are usually protected by the governments investors protection fund.
European Regulated Forex Brokers
Cyprus is one of the most popular places for new Forex brokers to gain a license. The Cyprus Securities and Exchange Commission regulates many of the large international Forex brokers.
You can get a free demo account, or trade live for $100, see here.
Australia Regulated Forex Brokers
Brokers in Australia are licensed and authorised by ASIC. The most prestigious license for a Crypto Currency or Forex broker is from ASIC.
Plus500 is a popular CFD provider. They offer investors a unique CFD trading platform, with CFD’s on Stocks, Crypto Currencies and Forex.
Most people start with a Free Demo Account, see here.
*CFD Service, 80.6% lose money
South Africa Forex Brokers
The Financial Services Board is South Africa oversees and gives a license to Forex brokers. Although many global investors advertise and solicit clients from South Africa, they must be licensed and regulated by the FSB.
One of the popular features with investors at CMTrading is their CopyKat software, which allows you to copy trade other investors. Learn more at CMTrading.com.
Investors looking for trading robots should first look at these.
Only use a software that integrates with a licensed broker.
Financial Regulators in Europe are members of the MiFID, which means that a broker who is registered at the FCA in the United Kingdom, is recognized as a authorized financial service provider by BaFIN in Germany and the CONSOB in Italy.