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[QUOTE="Monadism, post: 265888, member: 84716"] Regulation is aimed at protecting trader’s interests so it is definitely an important criteria for choosing a broker. There is no authority that keeps a check on the actions of unregulated forex brokers which means even if they someday run off with your money, you have nowhere to go and will lose your funds forever. Many unregulated forex brokers don’t even have a physical office. All you know about them is what is available on their website. Is there any reputable source from where you can verify the authenticity of such brokers? No. Then how would you develop trust with them? On the other hand, regulated forex brokers have local offices and they have to maintain it as per the guidelines set by the local authority. Not only these, regulators also check the qualification of the employees that work in the brokerage. This means the best regulated brokers are required to hire knowledgeable and professional staff along with providing good trading conditions. Moreover, top regulated forex brokers are obliged to keep trader’s funds separate from the company’s fund. Even if they go out of business or go bankrupt they can’t use trader’s money to pay their debt. In such cases, traders who have opened trading accounts with regulated forex brokers always get their money back. [/QUOTE]
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