logo |

뉴스

       >     산업    >     본체

    Choosing Right Forex Broker to Reduce the Risk

    요약:Choosing the wrong broker makes it stressful for the rest of your life.

      Choosing the wrong broker makes it stressful for the rest of your life. This statement is not exaggerated at all. Because if we try to make profits through hard work but can't withdraw them when we succeed, it's sad. The news has been seen very often throughout time. I have been in the Forex industry for 7-8 years. There has never been a year when a broker cannot offer normal withdrawal service. Traders will always find this out.

      It is known that in the Forex market of Thailand, there is no legal support. Only large financial institutions, such as the Bank of Thailand, are allowed to trade in the Forex market by the government. This is probably due to poor history. In addition, investing in Forex has a high risk. With a lot of money to be used (in the past), it is feared that criminals will use Forex as a way to launder money, thus Forex brokerages are not allowed in Thailand. There is a law forbidding the Ponzi scheme and raising funds for currency trading.

      Examples of Forex Ponzi schemes include Forex3D with a damage value of more than 40 billion baht, etc. There are advertisements inviting investors online to go to “Forex Trading” that offer unrealistic returns through Forex3D brokers which have no license. There is no legal regulation and WikiFX has been regularly warning against it. For the past year, people who launched the fundraising are still missing, while victims are still unable to track the money.

      Fiscal Policy Office(FPO) has described the laws of Thailand which the Forex Market should follow.

      “Investments in Forex transactions can be done manually, but investors should be responsible for the risk of potential losses on speculating the currency exchange rates. However, at present, no license has been issued to any person to undertake business related to payment factors. Foreign countries should comply with the law on exchange rate control. Therefore, if any person is persuaded to invest in currency speculation, it is presumed that the person may be hit by a scam and suffer damages. In the event of persuading people to invest in Forex speculation, the fundraisers with no license to operate a business related to Foreign payment factors under the Exchange Control Law Such actions, no matter he or she is a natural person or a juristic person, are considered to commit fraudulent loans to the public, according to Section 4, paragraph two of the Royal Decree Fraudulent Borrowing of the People, 1984.”

      Reference fpo.go.th Fiscal Policy Office (FPO)

      We must understand that it's people themselves who should be responsible for the damages in the fraud of Forex brokers, because it will not be able to sue for damages in Thailand but can sue to the registered office of the broker in foreign countries.

      So what is the principle of choosing a broker? To reduce the risk at this point as much as possible.

      Considering choosing a stable and worldwide accepted Forex broker with reliable license. It is therefore important to reduce such risk factors.

      From my point of view, I recommend the WikiFX which has the application functionality as the criteria. It is a standard that can be examined in every topic.

    1.png

      There are 5 criteria for consideration.

      1. Forex broker license

      Forex brokers should be properly registered to be reliable and verifiable. As for foreign forex brokers with valid registration, there will be many agencies that provide protection abroad. And in the past, we rarely encountered fraudulent brokerages from those major agencies. Examples of licenses that many brokers should register because of the high reliability are as followed:

      FCA license

    2.png

      FCA (Financial Conduct Authority), the UK

      - FCA regulated brokers must have at least £1 million of working capital.

      - A compensation of 50,000 pounds per account is available in the event of the broker bankruptcy.

      CySEC license

    3.png

      CySEC (Cyprus Securities and Exchange Commission), Cyprus

      - CySEC registered brokers must have a working capital of at least 750,000 EURO.

      - A compensation of 20,000 EURO is paid to the account if the broker goes bankrupt.

      ASIC license

    4.png

      ASIC (Australian Securities and Investments Commission), Australia

      - A broker registered with the ASIC must have a working capital of at least £1 million.

      IFSC license

    5.png

      - A broker registered with the IFSC must have a working capital of at least 500,000 dollars.

    6.png

      Actually, in different countries, there are many agencies that regulate Forex brokers. We can take a look at the WikiFX application.

      Many Thai-owned Forex brokers often do not have the supervision of the agencies quoted. I would not recommend using an unlicensed broker because it is very risky.

      2. Criteria for business index

      Look at the systematic evaluation of the business sector, evaluate the sustainability of the company, and investigate the actual workplace of the company.

      How does the company conduct business? How long has it been open? And does it really exist? If we are inconvenient to travel to the brokers, we can see the application functions of the WikiFX to check brokers we are interested in. Does it really exist? Is there a company with a real location? It's like we went there in person.

    7.png

      3. Risk management criteria

      The later consideration that we will have to look at is whether we are at risk of losing our investments when we use that broker. Based on news from investors who have used such brokers that we are interested in, we can see whether there is a problem or not. Are there any management systems or stable servers that allow traders to trade, or how often have you encountered problems? Is there a miracle bar phenomenon candlestick? If we do research and find these anomalies, there is a risk. We should avoid choosing to use it.

    8.png

      4. Criteria for considering software

      When the broker we are interested in meets all 3 criteria mentioned above, we should consider trying out a trading program. To try opening an account. To try to see if it's stable and how well do you respond? We may consider ourselves, or see a score of considered application function of WikiFX because they are examined by the engineers who have considered more than 20 topics to ensure the integrity of the software. Is there security in the treatment of investors or not?

    9.png

      5. Criteria for Supervision Inspection

      Although we will check the license in the first place, we should continue to see if the broker has a license that permits full levels. There is an audit from internal affairs. Inspection of the regulator before acknowledging that broker includes how many laws are applied, and how many investors are protected. As always, we can confirm them by considering the application function of the WikiFX.

    10.png

      As for the above criteria regarding the selection of different brokers, the author believes that they are quite sufficient for consideration. We may delve into the details of each item or we may do so based on the WikiFX estimates which suggest that the essential determinant is the higher the better. It is reliable to consider using it.

    South Korean Won

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand

    United States Dollar

    • United Arab Emirates Dirham
    • Australia Dollar
    • Canadian Dollar
    • Swiss Franc
    • Chinese Yuan
    • Danish Krone
    • Euro
    • British Pound
    • Hong Kong Dollar
    • Hungarian Forint
    • Japanese Yen
    • South Korean Won
    • Mexican Peso
    • Malaysian Ringgit
    • Norwegian Krone
    • New Zealand Dollar
    • Polish Zloty
    • Russian Ruble
    • Saudi Arabian Riyal
    • Swedish Krona
    • Singapore Dollar
    • Thai Baht
    • Turkish Lira
    • United States Dollar
    • South African Rand
    현재 비율  :
    --
    South Korean Won
    유효한
    -- United States Dollar
    리스크 제시

    WikiFX데이터는 모두 각국 외환 감독기관의 공식 데이터에서 온 것으로 영국FCA, 호주ASIC 등 발표내용 모두 공정, 객관, 실사구시를 종지로 외환거래 플랫폼에 외교비, 광고비, 순위비, 데이터 청산비 등을 받지 않는다. WikiFX는 당사의 데이터와 각 감독기구 등의 데이터가 일치하도록 최선을 다할 것이지만, 실시간으로 일치함에는 보장하지 않는다.

    외환업계가 여러모로 복잡하게 얽혀 있는 점을 감안하면 일부 외환 딜러가 사기 수단을 통해 감독기관의 합법적 등록을 받는것을 배제할 수 없습니다. WikiFX가 공표한 데이터와 실제상황에 다른점이 있다면 WikiFX의 “신고” 와 “오류 정정”기능을 통해 신고하십시오, 신속히 실태를 조사하고 검증하여 관련 결과를 공포할 것 입니다.

    외환, 귀금속과 차익계약(OTC 장외거래)은 레버리지 상품으로 높은 리스크가 있어 귀하의 투자원금이 손실될 수 있으므로 신중히 투자하십시오.

    주의: WikiFX에 기재된 정보는 참고용으로만 제공하며, 투자 제안을 형성하지 않습니다. 외환 플랫폼은 이용자 스스로 선택하고, 플랫폼 조작에 의한 리스크는 WikiFX와는 무관합니다. 따라서 관련 결과에 대한 책임은 이용자에게 있습니다.