Are all MetaTrader brokers scam?

[camera]

I dont think this issue will be there if you trade with a reputed and regulated broker.

Agreed! If you are trading with a regulated broker like fxview, xm, fxpro with MT4, chances you are in good place.

 

[tedmos38]

Yes true that.

 

[Liam.Kova]

Not all MT brokers are scammers; there are several regulated brokers with proper license and have been in business for several years.

For example, brokers like FP Markets, ICM and Global Prime are in forex business for decades and regulated as well. So choose a broker after detail research to avoid scammers.

 

[Alsafym]

There are definitely scammers, and there is no getting around without it, but most of them really work honestly and reliably.

 

[tedmos38]

Not actually, there are many good brokers who wont just take away your money. Trading is getting safer and accessible day by day with more and more players entering the market.

 

[Xwell]

In most cases, brokers are quite reliable and safe, you just need to choose wisely.

 

[tedmos38]

In most cases, brokers are quite reliable and safe, you just need to choose wisely.

Exactly, one just need to dig for the information

 

[Jastinross]

Trading is getting safe day by day but it does not mean it is completely safe and secure. The risk of losing money is very apparent. Nowadays it is actually hard to differentiate from good ones to the bad ones.

 

[outhoe]

Trading is getting safe day by day but it does not mean it is completely safe and secure. The risk of losing money is very apparent. Nowadays it is actually hard to differentiate from good ones to the bad ones.

The problem is that people still believe things that are too good to be true, because they are not aware about the regulations and stuff, due to lack of learning. So my advice is to always keep on learning about the markets.

 

[tedmos38]

The problem is that people still believe things that are too good to be true, because they are not aware about the regulations and stuff, due to lack of learning. So my advice is to always keep on learning about the markets.

Exactly, one needs to be sure whom he is dealing with and how the market functions. A lot of people exploit newbies by making fake promises in the form of trading ideas and signals.