They don't really do much, maybe it's just the sense of security that you get having a regulated broker.
The thing is, regulation is not bad in itself but we should not use it as the sole factor to choosing a broker. Look out for other factors.
I agree, that should not be the sole reason for choosing a broker. There are way better factors like commission charged, speed and others to consider.
Especially execution speed, you can get everything right but if the speed of the broker is slow, everything you have worked hard for can go wrong.
No one said it is bad, but it is annoying how same traders feel like regulated brokers are bullet proof vest that anything can't hurt you.
The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
I agree. A reliable broker will not have any reason to hide information from his clients. A reliable broker will always have his office addresses, phone numbers, fax numbers, and company history displayed on website.
A trader is that person who opens a forex account and then buy and sell currencies. The difference in price the currency pair was bought and sold at are the profit and loss. Traders are basically trade in the forex market with the help of a lot of knowledge about forex market. You can get knowledge and information from AtoZ Markets. they will help you to become successful trader.