Location of your broker

Hey guys,

first of all Hello...I am watching your forum for a while but now I have become an official member of your community.
And here is my first question....

I would like to start trading currency but first I would like to collect information about important fx trading issues. I wonder if the location of your broker is important for protection of your invested funds. I could imagine that highly regulated countries like Germany offer a better protection than for example Nigeria, Cayman Islands or other "lightly" regulated countries.

Could give me some information concerning the importance of your broker's location for investor protection? What broker could you recommend concerning investor protection?

Thank you very much!

More or less every proper regulated Eurpoean broker will give you same investor protection. By proper i mean FSA, BDF, DFSA, CySEC etc etc. Have a look at FFs preferred brokers page.

On top of that US brokers will be safe as well, not sure about how attractive trading conditions.

cheers

I guess that you dont remember REFCO........http://www.forexfactory.com/images/icons/icon11.gif

In the end-a Forex trader (it doesnt matter what broker) is TOTALLY dependent on their Broker for Withdrawals/Deposits/Safety of Funds. At any time they can "invent" a reason to rob u of your treasure. My number 1 issue with any broker is how they rate at Withdrawals. I actually rate this above PriceFeed issues. Because of this fear I never have more than 1000.00 bucks in any account(preferring to withdraw realized profits ASAP).I am always "on the guard" for my present broker becoming a "depositOnly" brokerage. After 4 solid years in Forex,I still dont fully trust any Forex broker.

I don't know why are people so afraid of brokers that are not in US. Like there is a protection... I've experienced to many strange thing on my platform with FXCM which is fully regulated. Don't like it at all.

I have great experience with few brokers on Cyprus, some of them have european/swiss registrations, but using Cyprus address, probably for avoiding taxes. I also don't like to pay taxes

Hey guys,

thanks for your helpful replies!

After all I think I will choose a broker from continental Europe,eg France or Germany.
Do you know some good ones?

Thank you and best regards!