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Advices, forecasts, trading and hedging on currency market

Margin trading is highly speculative and may not be suitable for all investors

Brokers




To open a margin trading account is not an inconsequencial act. After filling the forms, you will be very quickly allowed to transfer your first deposit on your broker's bank account. Then will follow several questions.

Are my funds segregated or is my broker allowed to use them ? Am I protected against a potential bankruptcy of my broker ? Is the custodian a top tier bank ?

Some offshore companies simply disappear with their clients deposits. Some investors have lost everything and it could have been you.

So to make sure you are safe from that kind of scams where it almost impossible to get any compensation, the first thing to do is to check if your broker is properly regulated.

In European Union, it has to be MiFID compliant which means either licenced in your home country or at least allowed to provide investments services through an European passport.

In the UK, the financial regulatory body is the Financial conduct Authority (FCA). If the FCA detects a company which offers financial services without being registered, they add it in the following list : https://www.fca.org.uk/consumers/unauthorised-firms-individuals#list.

To know more about online trading scams, please visit the following link :
https://www.fca.org.uk/scamsmart/forex-trading-scams.

To check if your broker is registered in the UK, please visit the following link : https://register.fca.org.uk/ and enter its name in the field.