Many people, especially in the Spanish region, are currently entering the world of Forex trading and encountering several obstacles. The most common problems encountered when trading Forex are related to how to register and how to choose the right broker.
What is a forex broker?
Forex brokers are companies or parties that provide retail transaction services to regulate traders in Forex trading. The trick is to forward the trader’s request to a larger broker so that all the trader’s requests can be accommodated on the Forex market.
The reason is, it turns out that not all Forex brokers provide online registration services. Beginner traders must learn and register independently to become a trader in the Forex business.
They also don’t understand broker forex regulations where which is very important. Traders can read the swissquote opiniones by Traders Union, which is one of the best brokers in Europe.
In swissquote, you can deposit and trade in peace because there is no interference from the broker. Here are some of the advantages of a swissquote broker:
- Account currencies: EUR, USD, JPY, GBP, CHF, CAD, AUD, TRY, PLN, SEK, NOK, SGD, XGD, HUF, CZK
- Minimum deposit: From $1,000
- Leverage: Up to 1:100
- Spreads: From 1.1 p
- Instruments: Currencies, CFDs, precious metals, stock indices, bonds, commodities, cryptocurrencies
- Margin Call / Stop Out: 100/30%
Familiarize yourself with regulatory oversight for forex brokers
In choosing a Forex broker, there are also sometimes problems, because after all choosing a broker is the same as choosing a business partner in the trading world. This can be said as an effort to strengthen the sense of trust when depositing investment funds at a broker.
Therefore, regulation is proof of the existence of a security system that works for Forex brokers other than the regulatory body of a Spanish Forex brokerage company. FINMA is the official body in charge of supervising trade within a certain period or period, the good news is that swissquote has pocketed FINMA regulations.
Forex Broker regulatory roles and functions
Broker forex regulations in it various regulations have been prepared with the aim of maintaining and supervising the compliance and legal order of the broker’s users.
The existence of broker regulations is present so that the traders involved in it do not commit fraud that may be carried out in trading.
Please note that the regulation of broker Forex also aims to ensure that it is related to the things provided by the broker. For example, related to the level of service, facilities, features, and other things provided by a Forex broker. Thus, the quality can be maintained properly.