There is no question as to the necessity of trading with a regulated broker. This can’t be emphasized enough. A regulatory authority assures the economic strength of the broker and the integrity towards its traders. Without regulation, traders are left without any resource to back up the legality of the broker they are using.
The leading regulatory bodies are: US - National Futures Association (NFA) and Commodity Futures Trading Commission (CFTC), Europe - Financial Services Authority (FSA UK) and Cyprus Securities and Exchange Commission (CySEC). Check out the full list of trading related regulations here.
Before deciding on a broker, first look into their regulation. Brokers with more than one supervisory body should be considered above brokers with only one. In addition, the strength of the regulatory authority is a key factor in the trustworthiness of the broker.
Daily Forex researched the top licensed Forex brokers below in order for you to choose the most secured and reliable broker.
