Review master About Broker Weltrade

@ Susi:

From the information we have gathered, the broker Weltrade is headquartered in Belize (including brokers in offshore countries), and is regulated by IFSC Belize.

In this case, we always recommend that for the safety of your trading and funds, choose a broker that is regulated by a credible international regulatory body, namely: CFTC, NFA, FCA, FSA, FINMA, MiFID, ASIC, and FMA.

A credible regulatory body is one that has been tested and recognized worldwide, and imposes strict sanctions on brokers if they violate the agreed provisions. These regulatory bodies are also responsible for the security of client funds.

So does that mean if it's not mentioned above, the broker is not credible, sir? And what about brokers that have many regulators like EXNESS, Admiral Markets? They have all kinds of regulators, from good to offshore. That coverage area can also use different regulators. How is that regulated, sir?

@ Chikita:

For brokers regulated by multiple regulatory bodies, it is advisable to choose one regulated by a credible regulatory body. Usually, those regulated by a credible regulatory body have different company management than those regulated offshore. But if it's still the same management, it's not a problem as long as it has been properly regulated by a credible regulatory body.