Why we should use regulated broker.

forexse · Mar 26, 2011

What is the different between regulated and non regulated broker.

ElectricSavant · Mar 26, 2011

One is a liar and a thief & the other one is a liar and a thief.

forexse · Mar 26, 2011

I like t your answer.

athlonmank8 · Mar 26, 2011

Non-regulated brokers still don't follow the 25k rules correct? My assumption is they're not insured?

Anyone know of any that still exist? I thought most remained overseas.

MarketsMove · Mar 26, 2011

Non regulated = Can walk off with your money and they have no rules
Regulated = Lots of rules, fund segregation and peace of mind

ElectricSavant · Mar 26, 2011

lol...yeah Refco was segregated...Everybody lost their money to the creditors...

Quote from MarketsMove:

Non regulated = Can walk off with your money and they have no rules
Regulated = Lots of rules, fund segregation and peace of mind

Pippi436 · Mar 26, 2011

Quote from ElectricSavant:

lol...yeah Refco was segregated...Everybody lost their money to the creditors...

No, Refco FX was not - it was offshore (as opposed to their futures business).

forexse · Mar 26, 2011

I think ElectricSavant is right non of them give you money back if they go Bankruptcy