Brokers and their Location

I am in the US and would prefer to open an account with a broker that is located in my country. I just don't feel comfortable putting my money in the hands of a company that is on the other side of the world.

Is this a reasonable fear? Does it make any sense or should I not worry about this.

Does it make any difference where the broker is located?

As a matter of onvenience I prefer my broker to be in the same country - for customer service reasons and also you know the laws of the land and who the financial regulatory bodies are.

F

check out the FF Preferred Brokers... ive trade with them all and they are all excellent firms.

It is highly advisable that retail traders can rely on compensation funds. All Cyprus’ CySEC-licensed brokers for example, are members of the Investor Compensation Fund, which is able to pay compensation up to €20,000, If the company is in default. Additionally, they must keep the client funds in segregated accounts, as a precautions.
Clients of offshore brokers basically have no protection in case something goes wrong - none of these companies is obliged to arrange a compensation scheme in the event of insolvency.

Look for a good broker with a good depositary. In Europe you can use almost any FCA Regulated Broker.

well I have been referring to this useful Babypips thread whenever I look for a good broker. Hope its helpful for you too:
https://forums.babypips.com/t/list-o...rencies/158023

Does anyone know of broker that shows the prices of interbank market open which is around 8pm GMT most retail brokers dont start pricing untill 10pm GMT so can miss the moves. Would like to be able to see the prices at the actual open.