Beware Against Forex Brokers
The popularity of the foreign exchange investment business or the Forex market as a way to earn revenue has resulted in the rise of recent Forex frauds.
Indeed, we rarely see or read in the media about people who lose all the savings they get with difficulty in this forex trading. Whether it is fraud through individuals who give the lure of a profit can give a few percent just by investing funds. In addition, other fraud is where when a trader (managing his own funds) loses his money in an online forex broker who can say 'abal-abal'.
We will discuss about 'fraud' which is often done by brokers that are not credible or often called a scam broker.
Brokers who have Credibility (trusted) high is very important for those of us who are just starting to plunge into this online forex world. Broadly speaking, truly trusted brokers have been registered on a financial regulation that has high security procedures. Minimal brokers are listed in one of the financial regulators such as FCM (Futures Commission Merchant), CFTC (Commodity Futures Trading Commission). Currently, many financial regulators are emerging and arguably have good procedures such as the CySEC (Cyprus Securities and Exchange Commission), the Australian Securities and Investment Commission (ASIC), the FSA (Financial Services Authority) and others.
In Indonesia alone there are official regulators such as Bappebti (Commodity Futures Trading Supervisory Agency).
Needless to say, forex brokers who are not registered with clear regulations will usually be 'blur' when their financial condition or system is in turmoil and carry their clients' money.
We have a lot of foreign online forex brokers who provide ease and have a high credibility that helps us to conduct transaction activity in the forex market. If you are still not sure to use foreign forex brokers, you can also use a local forex broker, but by researching in advance whether the local broker has Bappebti's regulation and also pocketed the operating license from OJK.
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