
When you open your forex account you don‘t want your funds to be unsafe or stolen.The smartest thing to do is to check out if your broker is registered with NFA (Natural Futures Association) or CFTC (Commodity Futures Trading Commission) if it is located in the US, or FSA (Financial Service Authority) if it is located in the UK. For the EU regulatory bodies that control EU Forex markets, check out this site: s. You may also check the broker reviews and forex broker list of customers, but if it isn’t registered in any of these agencies regulated by specific state authorities, you better skip it. These agencies provide a license that enables a broker to be listed on the market. Keep in mind that a reliable broker must have a license!
Another thing, a good forex broker must have a good reputation, so it‘s also good to look for the opinion on the public image of a company. Don‘t be lazy to check out the charts of relevant trading platforms created either by real customers or by experts who share their experience on the official trading websites. Be one step ahead of everyone else!