Hi Franziska, how are you today? A little less confrontational, I do hope?
You keep asking the same question, however; but the answer doesnât change, and it wonât, either: there are so many hundreds of perfectly safe, perfectly respectable, perfectly well-regulated brokers for anyone to choose from that nobody should need to use an unregulated or barely regulated one with some peculiar âlicenseâ or pretend âregulationâ from some Caribbean or Pacific country most people couldnât even label on a map, where the alleged âregulatorâ has never actually ruled in any customerâs favor in any dispute in history, but has always taken the side of the broker paying them a hefty annual membership fee, often with a government also taking a cut of that.
However many times you ask this same question, Franziska, the answerâs both immutable and really important for beginning forex traders to understand clearly, because itâs terribly easy for people with little experience to make all kinds of mistaken assumptions.
This is exactly why the Babypips School explains the matter so clearly, so that at least people starting out here will appreciate its huge significance, right from the outset.
As so many members keep explaining, every single, unending time you ask this and/or virtually identical questions, there are loads of good brokers about, without anyone needing to take completely unnecessary risks. And a very good thing, too.
By the way, I commented here, also -
Edited addition: sorry, I was typing this post while @Jimmy_Thucydides posted above, so I hadnât read his reply, with which of course I totally agree (as will many other members, doubtless!).