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  • Beginner
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  1. Beginner
    Early Stages For Beginners
    8 Topics
  2. Forex Terminology
    11 Topics
  3. Margin & Leverage
    2 Topics
  4. Intermediate
    Identifying Scams
    2 Topics
  5. Brokers for Beginners
    5 Topics
  6. Technical Analysis
    13 Topics
  7. Advanced
    Using Indicators
    6 Topics
  8. Technical Analysis (Part 2)
    8 Topics
  9. Market Structure
    5 Topics
  10. Fundamental Analysis
    9 Topics
  11. Completion
    Risk Management for Beginners
    8 Topics
  12. Psychology for Beginners
    7 Topics
  13. Personal Psychology Questions
    2 Topics

Access to All Pairs

Also, unregulated brokers let you trade WHATEVER you want whereas regulated brokers do not because…. They’re regulated. Meaning, you can trade Gold LEVERAGED whereas Forex.com (#1 regulated broker in the US) lets you trade Gold, just not on leverage. Meaning whatever position you open, you have to high that amount of money in your account. Other regulated brokers like Oanda don’t even allow you to trade Gold on their platform.

Indices such as US30 and NAS100 that have been popularized by social media can be seen on the majority of unregulated brokers whereas it won’t be seen on the majority of regulated brokers. Trading Bitcoin (not investing) on a regulated broker in the US is not seen as much whereas that AND Ethereum AND DogeCoin and others are able to be traded on most unregulated brokerage firms.

So there are some pros and cons to both. It is always advised to use a regulated broker due to the fact that your hard earned money is at play. Unregulated brokers can offer a million pros, but there is always one thing that must remain in the back of your mind: there is a small chance that you won’t ever get your money because they don’t HAVE TO.

They can and in the instances I’ve seen, they will…but they don’t have to. A regulated broker, even with the smaller leverage and less access to all types of pairs/indices/cryptos, has to give you your money.

When you’re deciding on choosing a broker, whether it’s a market-maker or an ECN, whether it’s a regulated broker or an unregulated broker, make sure to check out a few more things.

Withdrawals

You must check their withdrawal method. Most unregulated brokers offer “Bitcoin” as a withdrawal method. It’s not tracked or traced and comes fairly quick. Regulated brokers are able to send the money via a Bank Wire, PayPal, Visa/Mastercard, and more. Make sure you’re able to get your money back the minute you DEMAND IT!

NOTE: Withdrawals taking 1-4 business days is normal. Make sure the minute you request it, the process has already been started, and there’s no hassle.

Customer Service

Make sure you’re able to contact someone in case there are any problems! If you contact someone, you shouldn’t have to wait 2 weeks to hear from someone. You’re a client and you should be treated as such; so the minute there’s a problem, make sure you’re able to talk to physically talk to someone whether via email or phone.

NOTE: Most unregulated brokers do not operate via Phone. I had an issue with Forex.com and I sent an email to their department, and I got a call within 10 minutes!

OKAY! Enough information on brokers and the History of Forex and definitions within the Forex industry. It’s now time to learn what you’ve been waiting to learn the whole time…. How to read a Forex chart! AKA: Technical Analysis.