their offices in Canada to cater to Canadian investors, and some of these branches are from established mainstream companies. How Are Investors Protected? The one thing that worries all investors worldwide is the security of funds, as there is a significant chance of a broker going bankrupt due to any how much bitcoins can i mine unexpected market volatility. However, if your account dips by just 2 you have already lost all your money. However, traders should always try to look for red flags which signal a Forex scam: Scams appear in ads in newspapers, on radio, on TV or on websites; They look legitimate; Promise quick profits; Are ambiguous when explaining what you should do; You are not.
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The chief regulatory body for the Forex market in Canada is the. Canadian financial market is divided into different territories that impose different regulations through multiple regulatory organizations. Avoiding Getting Scammed by Forex Brokers Regulated Forex traders are rarely involved in scams and frauds. The following are the main Canadian regulatory authorities in charge of regulating companies: The Investment Industry Regulatory Organization of Canada (iiroc). Apart from that, traders with a smaller trading capital are better off with their existing brokers, as they will have not visible advantages of shifting to another broker.