Pharaoh
Brigadier General
- Messages
- 20,314
You missed out on a lot of alternatives.
Some claim to be exempt from regulations (or don't even bother to mention regulation at all), promise a lot of money, and promise to pay you a healthy commission for recruiting others.
Some create their own regulators. Check the regulator website and see how many companies are listed.
Some have real business licenses in a county, but never bothered to register with proper financial service regulators.
Some spout off about registrations that mean nothing - Every domain is registered with ICANN, but I've seen forex companies bragging about it.
Some register with regulators that have no real power to do anything other than to delist the company if there are enough complaints. I prefer regulators like the CFTC and SEC - they can impose huge fines and also file criminal charges.
Some claim to be exempt from regulations (or don't even bother to mention regulation at all), promise a lot of money, and promise to pay you a healthy commission for recruiting others.
Some create their own regulators. Check the regulator website and see how many companies are listed.
Some have real business licenses in a county, but never bothered to register with proper financial service regulators.
Some spout off about registrations that mean nothing - Every domain is registered with ICANN, but I've seen forex companies bragging about it.
Some register with regulators that have no real power to do anything other than to delist the company if there are enough complaints. I prefer regulators like the CFTC and SEC - they can impose huge fines and also file criminal charges.