When traders try to decide which Forex broker to choose from, they face many problems. What kinds of execution orders do the trading platforms offer? What trading spreads do the Forex brokers offer? However, the predominant question should be, is the Forex broker regulated or not?
The regulated Forex broker is a member of the regulated financial authority, which means that their corporate activities are checked and they comply with strict rules set out by the regulatory body. A regulated Forex broker needs to meet a minimum set of requirements, including maintaining appropriate financial assets, and adhering to strict working standards and procedures set out by the authority. Most importantly, the regulated Forex brokers are required to maintain transparency in their financial records. Failure to submit financial reports can result in fines or termination of membership.
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