When it comes to regulation, it is better to play it safe and choose a broker with proper regulation than to be sorry later on if you chose one with no regulation at all. A regulated broker just means you’ll have a better and safer trading environment.
Brokers that don’t have regulations tend to have unfavourable trading conditions, and there have been many cases where brokers run away with their client’s money. In order to ensure that doesn’t happen to you, here is the 3 best choices when it comes to regulation.
In third place we have Saxo, a Hong Kong based broker. This broker has been around for over 2 decades and has no plans of leaving soon! They have 4 Forex licenses including one in Singapore, Italy, Japan and the United Kingdom. The most common countries that this broker is being used in includes Belgium, Denmark, France, Netherlands and Italy. They are certainly very popular in Europe which helps add more proof that they are one of the best brokers that you can find in forex.
Next up is CMC Markets, another really good broker that has been around for a very long time. For over 2 decades forex traders have been making use of this broker, they have some of the best trading environments you can ask for, with low spreads and not a lot of slippage while trading. This broker has 7 forex licenses including one in Singapore, Canada, New Zealand, 2 Licenses in Australia, and 2 licenses in the United Kingdom. For a broker to get that many regulators, they are definitely one of the safest brokers that you will find.
The last one has more regulators than most brokers in the world and is very broadly regulated. So lastly, we have IG. When it comes to safety this broker follows the gold standard. They have an incredible 9 forex licenses including ones in Singapore, The United Arab Emirates, New Zealand, Germany, two licenses in the United Kingdom, Japan, Australia and South Africa. They are regulated in almost every part of the world, meaning they will give you peace of mind that you can trade safely. They have really good trade conditions with low spread and almost no slippage at all. If you want safety, this broker is for you.
That concludes the top 3 for this list, there are many other brokers with just as much safety but they didn’t make the list this time. Remember to always look at where a broker is regulated as this can drastically affect your trading conditions.
(Just my opinion, not financial advice)