For me I would rather choose a broker that is credible and trusted than one regulated and still messes up with your precious funds.
Am sure no trader who be that dumb not to know the agencies regulating the broker they are trading with. Forexchief is regulated by Ministry of Finance and Economic Management (Vanuatu), 14777. And also they are licensed in South Africa and Switzerland.
It's not really about the regulation, but the sense of security one gets when he knows a broker is regulated. Wish we get that security for real.
It's not like they are entirely good, but at least you get this feel that someone is watching the activities of the broker and that might likely keep them on check.
Yeah, that's the only advantage I see in this whole regulation thing. Honestly what good has it done so far, looking for a credible broker from the beginning is paramount.
Some value regulation more than anything, maybe traders who have benefited from regulatory bodies should drop there comments here.
Maybe, but you hardly hear of brokers who were sanctioned or stuff like that by these regulatory bodies.
A paper profit is worthless - until you have it in the bank it means nothing. Fear and greed - the main challenges for all investors.