Between OCTAFX and Firewood, Which One to Choose?

OctaFX Broker
F
Faris A
23 Nov 2020, 15:30 369 Views
I will allocate a maximum fund of up to $100. Then my friend recommended these 2 brokers, namely OctaFX and Firewood. In your opinion, which one is worth choosing, master?

1 Answer

M
martin 27 Nov 2020, 01:25

@ Faris A:

For trading security, we recommend choosing a broker that is already regulated by an international regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA.

A credible regulatory body is one that has been tested and is internationally recognized, and imposes strict sanctions on brokers if they are found to violate agreed-upon terms. The regulatory body is also responsible for the security of client funds.

Regarding the broker you mentioned above, please check its regulations. Thank you.

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