You can improve your search if you expand the list of regulators by adding FCA. I think most of the reliable brokers have FCA licensed branch basically this tells us that broker supports safe trading option and does generate its revenue from spreads and commissions (true ECN).
Hi, Is there any particular reason for choosing Cyprus regulation?
There is a European broker called Finveo, they are in compliance of Mifid2 regulation but offer 1:100 leverage. Free of charge autochartist and plenty more useful tools and services.
I can’t find any particular reason why people think regulated brokers are only reliable. I think being regulated by a firm is kind of following a set of guidelines or rules which are preset. I prefer to look for the broker's client service and the trading features more than the regulatory details.
The factor that in my opinion I consider the most important when choosing an online broker is that it is a reliable company. The online broker will be in charge of receiving our money and executing with it the operations that we request. Therefore, it is essential to choose a serious, transparent and professional broker.
One of the means we have to assess the reliability of a broker is to check if it is a regulated broker and which is the body that supervises it. A good regulatory body is CySEC and in that sense I can recommend FBS based on my experience. It has quite comfortable and functional deposit and withdrawal methods. Something that I also love is its educational platform.
There are many bad examples of the past where even the regulated brokers turned into scam right over the night and took away all the traders money with them. So in my opinion, the broker we choose should be reputed as well in the market besides regulations.