Another reason why you should
look for top forex brokers registered with the CFTC is because this is an
independent agency whose work is to regulate the commodity options and futures
markets in the U.S.A. If the broker is registered with this government agency,
you will be assured that you are protected from manipulation, abusive practices
and fraud especially those that relate to selling of commodities and options
and financial futures. You will also be assured of openness in trading because
the work of the CFTC is to promote competitive, financially-sound and open
options and futures markets. Since you will be using the internet to search for
the best forex broker, be careful not to be fooled or attracted by a
professionally looking or flashy website.
This is because having a
well-designed website does not assure you that the forex broker is a member of
the NFA. This does not also guarantee that the forex broker is regulated by the
CFTC. The best forex brokers always state on their websites that they are
members of the NFA and that they are regulated by the CFTC. If you decide to
choose a broker from a different country other than the U.S. then understand
that the broker has a regulatory body that monitors their activities and you
should determine this before signing up.
For more information visit website through #bestforexbrokers.
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