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whether our money safe in a broker?


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169 replies to this topic

#1
uncle gober

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Good broker will use a system of separation of funds between fund companies and fund traders, so that traders will not have trouble when doing WD and Deposits

Do you use a broker to use this system?

my broker told me that a separate fund means your money is held separately from our company's capital. We can not use the funds you except for your trading goals.
 


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#2
aliforex

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If we trade with regulated broker and trusted broker, our fund will be safe here. But we also must know how to minimize the risk in forex. So we also can get maximal result in forex.


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#3
myregister

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You mean there? Yes, our money will be safe there, you see that regulated broker especially in the strict regulator will tend to be a good broker, they strict to all of clients and tyring to bring their prime support. This is why i choose broker that regulated by strict regulator.


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#4
standart

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our money is always safe. though we are does not manage it in trading, it won't reduce. while if we are tried to manage it, with proper skills and strategy, we will able to make profits raises high. majority traders face failure due to trade reckless. no knowledge and proper strategy. but if they are take learning, that is the best option.


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#5
myregister

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Dude this is all depend on your broker, not on yours and remember your money is not always safe unless you invest all of your money in a trustable broker that has good regulation that will guarantee the money that you loss if your broker is going to scam.


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#6
Dion Ebrahim

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This is a tough thing for anyone to judge well, but still been trading with OctaFX broker for last 3 years, I can say that if anywhere I feel safe it’s with them as they have really high class service and plenty of benefits like having great swap free account that helps me keep my trades open as long as I like and still I won’t have to struggle with paying of fees or any hidden fees which would be the case on normal swap account.


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#7
uncle gober

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We must choose regulated broker which guarantee their clients fund. We also make sure that broker give convenient service for us so we can feel comfort when trading. We can find a good forex broker recommendations from various sources, but it is better to try the performance of the server with Demo account. I now trade using TICKMILL broker. I know this broker from some friends who are already using this broker who formerly was named Armada Markets. until now comfortable using this broker
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#8
Jimmy Cook

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We must choose regulated broker which guarantee their clients fund. We also make sure that broker give convenient service for us so we can feel comfort when trading. We can find a good forex broker recommendations from various sources, but it is better to try the performance of the server with Demo account. I now trade using TICKMILL broker. I know this broker from some friends who are already using this broker who formerly was named Armada Markets. until now comfortable using this broker

 

Yes, I agree with you mate our selection has to be based around regulated broker since it’s an official wording that this broker is unlikely to cheat us, so that really boost our chances big time, but if we don’t go with a regulated broker, it’s always putting our capital into risk and that is something silly to do.

 

I work with OctaFX broker and they are regulated so that obviously makes sure my funds are safe but you know one more interesting thing is their segregated account, it gives massive advantage to all investment in terms of safety and I never have to think twice when it comes to investment since I am well aware that it’s completely safe.


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#9
myregister

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We must choose regulated broker which guarantee their clients fund. We also make sure that broker give convenient service for us so we can feel comfort when trading. We can find a good forex broker recommendations from various sources, but it is better to try the performance of the server with Demo account. I now trade using TICKMILL broker. I know this broker from some friends who are already using this broker who formerly was named Armada Markets. until now comfortable using this broker

I do agree with you, in this case regulation give us more feeling of safety compared to the others where there isn't any regulation. Regulated broker in this case will give another chance for trader to trade without worry and their money for sure safe, since regulator will guaranteed some of our money but usually for small traders i think all of their money still covered by this kind of protection


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#10
sidejob

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@myregister: When you look at it then it is very safe if we use a broker that has some strict regulator inside, at least they could give some vibration if that broker is good or not and even big punishment if that broker keep doing illegal or playing with their clients.
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#11
Jim Johnes

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First of all - it is also needed to check whether the broker is officially regulated or not. That is one of the guarantee we could get


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#12
myregister

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Your money is still safe as long as your broker does not steal it and this is why regulation comes their part. I'm sure around 98% that a broker with regulation will have RARE chance to steal from you, some broker even NEVER steal money from you. Reputalbe regulation is FCA, CFTC, FINMA, or ASIC.


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#13
sidejob

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Your money is still safe as long as your broker does not steal it and this is why regulation comes their part. I'm sure around 98% that a broker with regulation will have RARE chance to steal from you, some broker even NEVER steal money from you. Reputalbe regulation is FCA, CFTC, FINMA, or ASIC.

But it does not mean that a trader who trade in broker that regulated by CFTC or FINMA can survive like that, you can see there are some brokers that cannot survive and collapsed under that regulation. So there is no broker that safe in terms of regulation.
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#14
Decub

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It all depends on the kinda broker you invest your money with. Your money can be very safe with the broker when you are sure enough you are investing with a trusted broker because it will do you no good to leave your money with a broker who doesn't think of you in any way and who have questionable credentials or verification documents.
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#15
sidejob

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Safe or not just choose the right broker, if you do that your money will be safe. If you don't believe it you can find more reviews that what i said is right. First, check that broker regulation, and then check do they accept unregulated payment processor and the last you ca check review for more balance. As long as that broker regulated well your money 99% is safe.


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#16
myregister

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Safe or not just choose the right broker, if you do that your money will be safe. If you don't believe it you can find more reviews that what i said is right. First, check that broker regulation, and then check do they accept unregulated payment processor and the last you ca check review for more balance. As long as that broker regulated well your money 99% is safe.

If you choose the right broker for sure your money will be safe not for 100% but 99% wil be safe. Also i find out that credible broker that mostly regulated having a good support for their clients, solving issues in this broker is easier compare to the most of non regulated broker.
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#17
myregister

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Safe or not just choose the right broker, if you do that your money will be safe. If you don't believe it you can find more reviews that what i said is right. First, check that broker regulation, and then check do they accept unregulated payment processor and the last you ca check review for more balance. As long as that broker regulated well your money 99% is safe.

If you choose the right broker for sure your money will be safe not for 100% but 99% wil be safe. Also i find out that credible broker that mostly regulated having a good support for their clients, solving issues in this broker is easier compare to the most of non regulated broker.
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#18
Stekin

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@myregister, just as you have rightfully stated. It is the type of broker that you choose that will determine whether your money is safe or not. Before choosing a broker, it is more important that you knowthe in and out of that broker and do not see just any broker as the one you can trust. It is not all brokers that can give you the chance to grow in the quest to make money from Forex and that is the reason why having a good broker is important.
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#19
sidejob

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I prefer to lose my money in a broker that really protect my money and be honest to me also has strict regulators that regulated that broker so well. Safe or not, scam or not, it is a matter of later for a while and based on my experience very few brokers which become scam under the supervision of a credible regulator.


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#20
myregister

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Good broker will use a system of separation of funds between fund companies and fund traders, so that traders will not have trouble when doing WD and Deposits

Do you use a broker to use this system?

my broker told me that a separate fund means your money is held separately from our company's capital. We can not use the funds you except for your trading goals.
 

You mean segregated account? Well that is one of the best way to keep client's money. It makes our money easily to manage. Personally i love this concept make a broker more credible and more transparant rather than when they combine all money from the clients with their operating funds.


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