Comparing forex brokers is a crucial step in shortlisting on the final platform of your choice. While every platform has some pros and cons ? pitting them against the other options will help you in a proper cost-benefit analysis.
For instance, the meta trader 4 download option is popular with online traders these days. Why is that" This is because the platform offers better safety features, no deposit and withdrawal fees, fast execution, and brokerages than others.
Through this blog, readers and online traders will get to know specifically more about these regulations and some brokerages that are a great filter when comparing forex brokers. Read on.
Regulations and Licenses
This is the make-or-break step when you compare online trading platforms in today?s day and age. As technology advances, so are frauds, and trading on a licensed and secure platform will save you from these worries. Here are some of the primary licenses that the majority of these online trading platforms like MetaTrader 4 download have:
ASIC
ASIC stands for Australian Securities and Investments, a government organisation that monitors online trading platforms. This is an independent commission under the Australian government, which is given the role of the national corporate regulator.
The organisation regulates the companies and financial services to enforce laws for the protection of investors, consumers, and creditors.
FCA
Next up, you have the FCA or Financial Conduct Authority in the UK, which ...