SAFETY FACTORS
Make sure that the online broker is listed in his country
each. Each State would almost certainly have institutions
with institutions like this broker. For example, for us,
their regulator is NFA (National Futures Association) and
CFTC (Commodities and Futures Trading Commission).
For example, a broker based in the US, you can
org/basicnet. Generally people prefer brokers
listed in the U.S. due to security reasons. Based on the experience
that is already the case, lots going on fraud or embezzlement
the customer's money made by brokers who originate from
the country is not clear. Brokerage/securities firm requirements in
USA (NFA, CFTC regulated) requires minimum features
net capital above USD $20 million. Whereas in other countries,
just need the requirements under it (usually only
range $100 thousand to $1 million). These things are perceived
less secure.
Other countries also have their respective institutes.
For example the United Kingdom has the FSA (Financial Services Authority),
Australia by ASIC (Australian Securities and Investment
Commission), you also need to pay attention to
broker's track record. We recommend that you choose a broker who has long
dabbling in the field, at least a minimum of 5 years.
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