Forex Trendy System

Firstly, selecting brokers who Forex Trendy Review put your fund in a segregated account from their firms' ones only. In case of bankruptcy, your fund would have a higher chance of being returned to you.

Secondly, going for brokers who are voluntarily registered with a well established regulatory body like NFA (National Futures Associations) and CFTC (Commodity Future & Trading Commission) both in U.S., or FSA (Financial Services Association) in U.K., or ASIC (Australian Securities and Investments Commission) in Australia, or probably SFBC (Swiss Federal Banking Commission) but be careful about Swiss based brokers! At least, these regulated brokers, by complying with the regulations, file their regulatory standing on a regular basis and you can track them on the regulators' websites.

+Frauds and Scams: 

Up to date, the forex market is not centralized like the stock, futures and options markets in which all selling and buying are done through central exchanges. For this very reason, there is plenty of room for frauds and scams to occur in the forex market. Like any other traditional businesses, frauds and scams do occur regardless of individuals or institutions involved, level and credibility. Who would be in doubt that Bernard Madoff, once the chairman of reputable NASDAQ exchange in U.S, was one of the biggest fraudsters on the individual as well as institution basis in our history.

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Other cases including Worldcom, Enron, so on, are examples of high profiled institutions, not mentioning many other smaller cases. An individual or a company putting up a nice front office and a website with many eye-catching stuff and claims, investing in infrastructure like trading and back-office processing softwares, does not mean 'being cleared off' from the potential frauds and scams.

Frauds and scams occur in many forms and shapes, ranging from dishonest practices in mixing your fund with their firm's one, executing your orders at your disadvantage, re-quotes, 'legally' trading against their clients, back office manipulation; to larger scales like 'stealing' millions or even billions of dollars from investors or traders' funds.

By saying that, it does not mean to be scared off or to stay away from the forex market. Rather we understand them and take necessary steps to minimize them. Frauds and scams are always there in any market, not just the forex market.

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In the sections that follow describe key factors that you may need to consider when selecting your forex broker.

+Safety of Your Funds:

Being a successful forex trader is a long-term journey and a life-time achievement for most traders. On average, it takes 5 to 10 years to realize significant rewards for such a worthy pursuit.

In this game, it's simply that 'no capital no game'. So protection of your trading capitals should be of the highest priority. Do not let another 'Bernard Madoff' steal your money! Below are some recommended criteria for you to seriously consider before opening a live account with a forex brokerage firm.

-Is Your Forex Broker Adequately Regulated?

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