Because I am a high school student, I am just trying to make a small investment, so if I join Octafx, is it suitable or not?
Before I join, there are many negative responses from netizens about Octafx
What should be my next step?
@ Afrina:
Our assumption, in this case, is that you want to choose a safe broker.
So far, brokers that have proven to be safe are those regulated by credible international regulatory bodies, 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 have violated agreed-upon terms. The regulatory body is also responsible for the security of client funds.
From experience, while trading with brokers regulated by credible regulatory bodies, I have never had any problems.
It is best to check whether the broker in question is indeed regulated by a credible regulatory body. You can see a list of regulated brokers directly on the website of the regulatory body, for example, the list of brokers regulated by the CFTC can be seen on the CFTC website, and also for other regulatory bodies.