what to pay attention to when trading with broker?

wackypete2 said:

why are we all of a sudden replying to a 2yr old thread?

Click to expand...

Splitlink said:

Maybe we're older and wiser.

Click to expand...

Mightypen said:

I'm RICH in the FX because I PAY the right attention in the FX. Though I'm still rich because I'm STINGY enough not to PAY attention to whether my client is regulated or not. Funny as it may sound, my FX wallet is getting obese and I have not been able to watch its weight. Can you believe I trade with an unregulated broker?Yeah they are truly no unholy FX demons as you see them. I don't read a broker by his regulatory cover. No. I go in-depth to check their reliability. You can say am stubborn, but truly that is why am stubbornly wealthy. The FX has being so raped by these regulatory bodies that the FX has lost dignity; hence the days when traders three eyes (very alert) and five hands (very hardworking) are almost going off. Regulation is trying to impose some scientific (easygoing) FX on us. Such that FX doesn’t require the best heads any longer but carefree traders anticipating an android (robotic and automated) FX that is less demanding- that which would provide cheap accommodating hostels for their recklessness and negligence; all in the name of a generous regulation. Regulation is over-pampering clients into FX laziness. Am I right?

Click to expand...

Mightypen said:

Random, you are right, I'm a bloody mentally rich trader, you didn't complete it. Is your father a regulated broker? Guess that is why you are upset with truth. Random, it is time to stop been carelessly random (hazy) about the market and get concrete with this regulation thing.Those days my father used to talk about the FX to me with proud lips and tall shoulders. Anytime, he does that I saw this expensive glint in his eyes that he explained were diamond medals won only in the FX. When he walks down his decorated FX memory lanes, he felt more successful than Bill Gates; and then I thought I would make him proud by continuing the financial race with his honorary FX baton drop. He told me to dupe someone then in the FX, you needed to smarter than Einstein for traders were financial tortoises (very careful and wise). But what do we have now? A regulated market with an unregulated negligence and carelessness.

Click to expand...

Liquid validity said:

We all know you're probably spamming for some tinpot
BVI / Cypriot backwater untraceable broker.

Click to expand...

Mightypen said:

I'll rather put payment in the number 1 position and scratch regulation of that list. Regulation does not improve your trade in anyway. It is not a criteria for choosing a broker because it does not exist. I say this because when a broker steals your money, you can't get it back even if the broker is regulated.

Click to expand...

ph_trader said:

regulation will serve as prevention, it will help the trader but it doesnt mean that your money is actually secure, It can be a factor in choosing imo! but still there are a lot of brokers with good regulatory that went and feasted on traders money. there is no avoiding it i guess

Click to expand...

Mightypen said:

I don't really think this is the first strictest priority. I think I look better and more carefully at his transparency. Do you think regulated brokers don't still scam clients, then why do we always hear of forex magnates, CTFC etc. constantly dragging the big boys to court? Go check reviews and seen how many gallons of tears their clients are shedding. Majority of every review are full of complaints. Does it means they are all careless or novices?
http://nationalforex.com/2013/05/20/fxcm-com-reviews-fxcm-is-a-freemason-scam-based-on-the-7sins/

Click to expand...