Register with FXCM but not regulated by FCA. Register with Forexbrokerpro?

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Winata Wijaya
15 Jun 2021, 16:19 784 Views
Hello Master, I tried to register with FXCM earlier. Then I chatted with their customer service, and it turns out that clients from Indonesia registered with FXCM Markets are not regulated. Then I found IB Forexbrokerpro, which claims to be the official IB of FXCM and states that registering with IB Forexbrokerpro automatically registers you with FXCM under FCA regulation. Can you please advise me, Master, should I continue registering with FXCM Markets or should I register through IB Forexbrokerpro? Thank you

1 Answer

M
martin 16 Jun 2021, 05:36

@ Winata Wijaya:

Yes, that's right, according to information from www.forexbrokerpro.net, it is indeed an IB of FXCM regulated by the FCA UK.
In our opinion, it is safer to trade with brokers that are already regulated by credible international regulatory bodies, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC and FMA.

Credible regulatory bodies are those that have been tested and are world-recognized, and impose strict sanctions on brokers if they are found to have violated agreed-upon terms. These regulatory bodies are also responsible for the security of client funds.

Regarding the FXCM broker, please also read this Q&A section.

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