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 How To Check Your Forex Broker Is Genuine Or Scam, Real FX Broker VS Scam FX Broker

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TradeForLife1994
post Jan 4 2017, 04:10 PM

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Just my two cents.. Even big brokers have the possibility of not paying..... Look at it from another POV, to obtain certain regulations you need to fulfill certain requirements and pay a sum of money.. This can be a way to boost the company's "image" to the masses.

My personal belief is not to keep too much money in one broker and also please make constant withdrawal from time to time. IGOFX is still paying regardless of PAMM service or manual trading.
TradeForLife1994
post Jan 5 2017, 03:10 PM

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QUOTE(DrFX @ Jan 5 2017, 02:44 PM)
Hi TradeForLife,

We would like to know which big brokers stop paying? It helps a lot.

We understand Alpari UK default in 2015 and traders managed to get back their funds through capital protection. Although it took some time for auditors to complete the book, it's still safer than SCAM brokers that without proper regulations and may run away investors money whenever they want.
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Hmm... If I'm not wrong. The traders failed to get back 100% of their capital and only got back a portion after a huge delay..

 

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