✔️ Information reviewed and updated in April 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!
Hello I want to know if Crypto-Trend is a reliable broker Thank you
Hello Miguel, we are already working to have a review or article about this broker soon.
Greetings.
It is not , a thousand have been scammed , they make you believe that you are winning , but when you want to withdraw what you have won , they charge a swap of up to 20000 dollars for each open operation per day , I have lost a lot of money with these scammers , do not invest there
I want to know if crypto-Trend is a reliable broker
Hello Miguel, 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.
Buonasera vorrei avere informazioni su amira global limited. thanks
Hello Alessandro, don't be in a hurry or let yourself be pressured, 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 will normally pay per fare a prelievo?
Hello Giovanni, no, it is not normal, surely they are trying to scam you and if you pay they will ask you for more with another excuse, I do not know with which broker you are investing, but I advise you not to pay anything.
If you want to recover your money go to our chat or check this link: CLAIM YOUR MONEY
Greetings.
Ho investito with webtrader.c-base .cc process nicholas andreoli @capitalbiz .io e sicuro? Attendo risposta grazie per l'attenzione buongiorno
Hello Emanuele, don't let them pressure you, 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.
Good morning, I invested in forexexpert .trade and they have suspended the account. And they tell me that I must update with $200, this broker is fraud. Thank you very much for answering.
Hello Manuel, excuses are invented to get more money from you. Thanks for commenting on Forexexperts. 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.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
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 Trader500 is trustworthy.
Hello Jorge, don't be in a hurry or let yourself be pressured, 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.
How about ultimate coinfx
Hi Carlos, thanks for commenting on Ultimatecoinfx. 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.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
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 recover your money, try our CHAT or in the FORM of this link: CLAIM YOUR MONEY, WE HELP YOU.
Greetings.
Good evening, I would like you to help me know if elitefx is reliable? Is it regulated? Can I invest with them?
Thank you.
Hi Jacqueline, thanks for commenting on Elite FX Signals. This broker is a SCAM. The FCA (UK Financial Regulator) has already warned about them, for fraud and not being regulated (See FCA link). Do not send them money, they want to get as much money as possible with lies, the operations are not real, the money is not put on the market, they only show it and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
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 recover your money, try our CHAT or in the FORM of this link: CLAIM YOUR MONEY, WE HELP YOU.
Greetings.
I would like to know if iq option is good
Hello Ramon, it is a broker that cheats all its clients. Thank you for your comment about IQ Option. 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.
The crypto-trend page is trade . crypto-trend, they are vulgar thieves, they make you believe that you are winning with scalping signals, but when you want to withdraw your money they charge your open operations up to 20000 dollars and then they tell you that you have to pay to close that operation
Hi Alfonso, we will review them.
Greetings.
I WOULD LIKE TO KNOW IF FINANCIA MANAGEMENT LIMITED 42 IS REGULATED AND TRUSTWORTHY.
IT HAS REGISTRATION IN IFINMA WITH THE NUMBER CN4031638.
THANK YOU
Hello JUAN CARLOS, 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.
The truth is that I have already invested a lot of money and it creates a lot of distrust in me after having done it.
They work with Active 4 trades page, Meta trader 4 and 22 Pips..
They have made me several investments in projects of Tesla, Volkswagen, Appel, various currencies….
So far there have been some losses but many gains..
They deposited €2.400 of the profits into my account, but I'm taking it as if they were putting candy on my lips and then cheating me. I have a lot invested and there is no turning back for not having looked at everything before ,, my fault..🤦♂️🤦♂️,,
I hope I'm wrong so they don't keep the savings that I've worked so hard for years... Let's see if they can tell me something about them to make quick decisions and put it in the hands of lawyers...
Thank you
Hello Juan Carlos, you are in time to get your money back, do you have the Active 4 Trades website? Metatrader 4 is not a broker, it is a platform service used by most brokers. Currently the broker 22 pips 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.
I would like feedback about Sky World Community
Is it regulated and is it advisable to invest?
Hi Carlos, thanks for commenting on SkyWay. 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.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
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.