Investment!

LuciferHimself

Recruit
Messages
37
Hi all

Im new to trading and I've gotten a lot better now and ready to invest some more money for better profits. The thing that bugs me is the security of your investment. How do I know my investment of 50,000usd will be safe with a broker. Are there any regulations for it? What happens if one day a broker disappears? I'm awar of regulated brokers but my question is to what extent that regulation helps you getting your investment back if at all? Also how long does it take? Can someone explain the whole process? What if a broker is regulated in europe and he moves to asia taking all your money? What happens then?
 

LoRio

Sergeant
Messages
479
Hi all

Im new to trading and I've gotten a lot better now and ready to invest some more money for better profits. The thing that bugs me is the security of your investment. How do I know my investment of 50,000usd will be safe with a broker. Are there any regulations for it? What happens if one day a broker disappears? I'm awar of regulated brokers but my question is to what extent that regulation helps you getting your investment back if at all? Also how long does it take? Can someone explain the whole process? What if a broker is regulated in europe and he moves to asia taking all your money? What happens then?
one of 2 cases.
A.Your broker goes bust ,if not acquired by another company then you lose your account.That is the least likely to happen.(even in a bust broker , there is a hefty amoynt of traders willing to keep trading)
B.Your broker is a butcher.Virtually impossible nowadays unless you live in some exotic country and your choice of brokerage forces you to lower your guard and risk on your selection.Even so , again ,virtually impossible.

So dont worry , Pharaoh will jump on in in a bit and give you guidelines on how to evaluate the reviews on this website.

I will suggest if you chose to split your capital into multiple brokers avoid an EA that synchronizes the trades across their platforms.Use a signal service instead.

Welcome .
 

LuciferHimself

Recruit
Messages
37
one of 2 cases.
A.Your broker goes bust ,if not acquired by another company then you lose your account.That is the least likely to happen.(even in a bust broker , there is a hefty amoynt of traders willing to keep trading)
B.Your broker is a butcher.Virtually impossible nowadays unless you live in some exotic country and your choice of brokerage forces you to lower your guard and risk on your selection.Even so , again ,virtually impossible.

So dont worry , Pharaoh will jump on in in a bit and give you guidelines on how to evaluate the reviews on this website.

I will suggest if you chose to split your capital into multiple brokers avoid an EA that synchronizes the trades across their platforms.Use a signal service instead.

Welcome .
Hey Thanks Lo Rio. I have already split it up. I'm on etoro and MXT Global and I'm planning to make an account on FXCM as well. All I'm worried about is a company running away with their clients investments and thats why I wanted to know if someone who is regulated does it then what happens? There must be some kind of security since its regulated?
 

LuciferHimself

Recruit
Messages
37
Ok anyway here it is again. What I wanted to know is to how the regulation helps the investors in a situation where a regulated company disappears suddenly? Can they even do that? Lets suppose I immigrated to europe from asia and after starting this brokerage business I decided to move back to asia with all the money. How would the regulation help in that case. My concerns are legit. I posted another thread with the question about MXT Global and it got moved or deleted. I dont know what happened to it but it worries me to dump in my investment with anyone.
 

LuciferHimself

Recruit
Messages
37
I have already split up my investment. I have funds in etoro and MXT global and I'm opening another account on FXCM so the funds are pretty much split up
 

RahmanSL

Major
Messages
2,527
Ok anyway here it is again. What I wanted to know is to how the regulation helps the investors in a situation where a regulated company disappears suddenly? Can they even do that? Lets suppose I immigrated to europe from asia and after starting this brokerage business I decided to move back to asia with all the money. How would the regulation help in that case. My concerns are legit. I posted another thread with the question about MXT Global and it got moved or deleted. I dont know what happened to it but it worries me to dump in my investment with anyone.

Well, if your broker disappear with your money, chances are he/she/they will land up in your "place"....then it's up to you to punish he/she/them for all eternity :p


Go with well regulated brokers....stay well away from brokers regulated by exotic island nations and East European countries and you should be limiting your risk as well as anybody could.......to be 100% certain you will not be scam, do as that Ruler-of-Upper-and-Lower-Nile does and keep all your money in your own "mattress bank" :p
 

LoRio

Sergeant
Messages
479
Well, if your broker disappear with your money, chances are he/she/they will land up in your "place"....then it's up to you to punish he/she/them for all eternity :p


Go with well regulated brokers....stay well away from brokers regulated by exotic island nations and East European countries and you should be limiting your risk as well as anybody could.......to be 100% certain you will not be scam, do as that Ruler-of-Upper-and-Lower-Nile does and keep all your money in your own "mattress bank" :p
Exactly.
Also , start watching arrow so the transition to vigilante can be smoother.
 

AsstModerator

FPA Forums and Reviews Admin
Messages
5,492
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