I’m looking at opening an account with one of these brokers ( ospreyfx,hugosway, or lqdfx)
I know these brokers are unregulated and a lot of people won’t go with neither of them. But if you had to pick one which one do you feel most comfortable opening an account up with. Thank you
Regulated broker is safe option. Try it your own risk if you choose unregulated one. Check those brokers’ review and rating.
regulation is important , i think there is no one who can avoid it , but so many brokers right now in online which cheating with their clients but regulated by the high authorize in this market place.
the main issue its all about brokers credibility. regulation is important but not more than credibility.
Any specific reason why you are choosing unregulated brokers over regulated ones? What is the benefit of doing this?
I want to try there 500-1 leverag I know it’s not recommended at all but just want to see what all the fuss is about.
I already have oanda account I regularly trade with.
Oanda are reputable and regulated - why flirt with danger ?
1 Like
I’m thinking of starting with $200 if I lose it oh well it’s a learning lesson. I just don’t know which one to pick.
None… Anytime someone here brings up unregulated brokers… 
I will always go with a broker that is regulated for obvious reasons and that’s what I will suggest too. The ones that I use are FxView and Avatrade. If you are using an unregulated broker, the biggest issue I see is them not being honestly strict with the deposit and withdrawal times.
It is the sad truth. Regulation has now become a money making venture. We are no longer protected as we should be. The brokers pay fines, but the affected trader gets nothing back.
that’s certainly true, I too feel a bit safe using my accounts with oanda, fxview and ig. All thanks to multiple regulations.
regulation is a big deal when choosing a broker particularly for newcomers , but so many brokers right now in online who is regulated and also cheating every day with their traders.
If you want to just check the impact of 500x leverage why not to do that on a demo account?