✔️ Information reviewed and updated in May 2024 by Pedro Martínez González
As there are more and more traders, the offer of brokers has also increased considerably. With so many different brokers, several have emerged that are not worth investing our money in. Then, How does a trader select a good broker? It is likely that with so much offer, you cannot decide which one to choose.
Well, one of the most important points, one of the things that you should definitely pay attention to so as not to have problems when investing, or more likely, after investing with this type of company, is if the broker is regulated or not. To avoid this type of problem, and many others, we must select one with these characteristics.
Nor should you confuse that a broker is licensed, that it is regulated. We will try to explain this in the simplest way possible. A regulated broker is headquartered and controlled by the regulatory body of the place where the broker is resident. But nothing prevents it from operating in other countries. Let's say there is a broker from Germany, regulated by BaFin, after completing the necessary procedures, it will be authorized to operate in different European countries, such as Spain.
The problem is that if I have a problem with the broker and I'm in Spain, I still have to claim it before the German regulatory body. Taking this into account, the best option would be to operate with a regulated broker in the country where we reside. If we are in Spain, then look for a broker regulated by the Spanish CNMV.
We always recommend trading with properly regulated brokers, which in theory implies ruling out those from countries like Cyprus, Vanuatu, British Virgin Islands, or any small island that is a tax haven or that you didn't even know existed.
Why choose a regulated broker?
Un regulated broker it is one that is under the supervision of a legitimate regulatory body. The objective of this type of organizations is to prevent the broker from exploiting the trader, avoid abusive practices, fraud and deception, that is, protect the client. In general, the broker is controlled more, and its quality and practices are controlled.
The regulated brokers they must follow practices regulated by regulatory bodies. The unregulated, should not follow any practice, in case they do not want to follow it
If the broker is not regulated, we recommend you, at least, think twice before investing with this broker.
How can I know if a broker is regulated?
Know if a broker is regulatedIt is easy, usually a broker, on its website it shows if it is regulated, it usually shows it in an attractive way, since it is something well seen in the broker market, it gives a certain guarantee and legitimacy. If you can't find it on the main page, you can look for sections on the web such as "about us", "why invest with this broker", "regulation", "safety of funds" or sections similar to these.
It is also normal for the broker to provide the registration number, so that one can search and see if it is really regulated or not. If you can't find it in this section, because usually brokers have a chat, or contact section, ask them.
The lack of this type of information on their websites is a sign that NOT REGULATED, since, as we mentioned before, a broker is usually “proud” of its regulation, since it differentiates it from unregulated brokers, and makes the broker at a higher level than an unregulated broker, the regulation of a broker provides some security to the broker's clients.
Some of the most popular regulators are: FCA (Financial Conduct Authority, in the United Kingdom), BaFin (German regulator), FINMA (Swiss regulator), FMA (Austrian regulator), ASIC (Australian Securities and Investments Commission in Australia ) and SEC (Securities and Exchange Commission, in the United States), CNMV (Spain), CONSOB (Italy), CMVM (Portugal), to name a few regulators.
Not sure about a regulator or your broker's security? Do you think it could be a scam? leave us a comment explaining your doubt or problem. We will reply to you as soon as possible!
Good afternoon, I would like to know if Capitalix is a regulated and reliable broker. I have checked your website and it indicates that your registration number is 84226168-1, License SD052, Seychelles curita is Act.2017, operated by 4QUARE SY LIMITED, whose address is at. CT House, Office 4B, Providence, Mabe, Seychelles. But, your agency, who calls me for the afternoon, is in Cyprus. Contact persons: Ms. Maya Ivanova Radoslava and Mr. Leee Ron More. I investigated all this information based on a page where it recommends us to investigate the broker before starting. I have already started investing with a minimum, but I don't dare to continue without being 100% sure. What do they tell me? Is trustworthy? Thank you for your urgent response.
Hello Olinka, you can find all the information you need on our website, you can read the review at this link: Capitalix.
Greetings.
I want to know if morganfinance trade are regulated and invest money with them
Hello Gerardo, It has no regulation, it is a fraud. Thanks for writing about MorganFinance. Currently this broker is considered a SCAM.
If you are a client, do not make more contributions, their only objective is to steal from you, they manipulate operations manually, they keep the money from when it reaches their accounts, it does not enter the market, everything is prepared for you to lose or make you lose your money to have the excuse to keep it.
If you decide to withdraw and they request a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it! That's the warning, from that moment you have to know that you are a client of a scam broker and no matter how much you pay you will never see your money.
To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.
Hello, good evening, the truth is, I have some doubts about the TIXEE .COM – IFOREX brokers. MEX- I would like to know if I can trust them
Hello Henry, neither of the 2 is reliable. Thank you for your question about Tixee. This broker is considered a SCAM. We suggest NOT sending money, they lie to steal from you, the operations are fictitious, the money is never crossed with the market, they simulate it and in the end they mark you and say that you lost everything and they keep it.
If when you request a withdrawal, they ask you for more money to pay commissions, taxes, fees, legalizations, etc. Never do it! It is a clear warning that you are a client of a fraud broker and even if you pay, they will never return your money.
All the information you provide about the company will help those affected by this broker, explain in detail how everything happened, what advertising you saw, the name of your advisor, numbers, emails from which you have been contacted, etc.
To recover your money talk to our CHAT or click on this link: CLAIM YOUR MONEY
Greetings.
Good morning, they are contacting me from the Capex .com broker. I want to know if it is regulated to be able to invest with them.
Hello ALBA, they are manipulators and liars. Thank you for sharing your experience with CAPEX, we only try to give a voice to clients who want to freely express their opinion based on their experience with this or other brokers and prevent them from being scammed by Brokers who ACT IN BAD FAITH and END UP WITH THE MONEY OF ITS CUSTOMERS.
You can read a review about them here: CAPEX
At this broker, almost 100% of retail investor accounts lose money when trading CFDs with them. Having a sponsorship agreement with Juventus does not guarantee that it is a good broker, many brokers use this commercial tactic to attract clients and then are more aggressive asking these clients for money to amortize the expense and finally end up losing everything.
Besides, CAPEX is part of the same company as the CFD Global broker, a broker with a very negative reputation, this does not give us a good feeling, quite the opposite.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
Is this company trustworthy? CoinFxOcean
Hello ADILSON, we are writing several reviews at the moment, we will put yours as the main one to assess this broker. do you know their website?
Greetings.
I would like to know if Global Next Trader is regulated and if it is reliable…
Hello Noemi, this broker is a FRAUD, a DECEPTION. Thank you for inquiring about GNT Capital – Global Next Trade. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
They always try to manipulate you, they will not return your money, neither the initial one nor if you send them later you will not see it anymore, try to claim through our chat.
You can read their review and comments here: GNT Capital
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
I would like to know if RCE banque .com is regulated?
Thank you
Hello jonay, I don't trust you at all, we are writing several reviews at the moment, we will put yours as the main one to assess this broker. Can you confirm their web page, is it the one you wrote?
Greetings.
Hello good, did you manage to find out if RCE BANK is regulated, have you had any problems with them, I would appreciate it
Hello Francisco Javier, don't be in a hurry or let yourself be pressured, we are writing several reviews right now, we will put yours as the main one to assess this broker. do you know their website?
Greetings.
Hello,
Is mone24 regulated? You can trust?
Thank you
http://moner24.site/
Hello Mari Carmen, I don't trust you at all, we are writing several reviews at the moment, we will put yours as the main one to assess this broker. do you know their website?
Greetings.
Is FTMtrade regulated? Can I trust them?
Hello Candela, we are writing several reviews at the moment, we will put yours as the main one to assess this broker. do you know their website?
Greetings.
Estefany Ortega from Go4Rex is Regulated
Hello Carolina, NO, it is not and they will speak well to you at first but they are scammers, the objective of the conversations is to manipulate you so that you trust them and ask you for more and more money that in the end they will never return you.
Greetings.