Hello good morning. I want to ask for the most recommended international broker by Seputarforex? Of course, the one that is regulated and safe for our funds, and is the following broker safe for us to trade = FBS, XM, OCTAFX, Firewood, EXNESS, OANDA, IC Markets?
2 Answer
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erik tri cahyo
29 Dec 2021, 12:37
To Alexander,
All the brokers you mentioned above are quite popular among Indonesian traders. And all of these brokers have long been trusted by millions of traders in the country. Although most of these brokers have an offshore license, this does not make the image of the broker bad. In fact, until now these brokers are still actively operating with a fairly good broker image (no negative reports such as fraud or scam).
Although trusted by millions of traders, it does not mean we should be careless. We must remain vigilant of the worst-case scenario, considering that offshore licensed brokers do not have strong regulatory security guarantees. Therefore, we advise you not to transact in large amounts (no more than USD 5,000) with brokers whose regulations are offshore such as Exness, FBS, Firewood, OctaFX, XM, etc. If you want to transact in large amounts, you can consider using brokers that are strictly regulated such as IC Market or OANDA.
Hopefully this can help.
R
Ronny Dermawan
29 Dec 2021, 18:14
Want to be safe? Use a broker registered with the FCA in England.