INFORMATIVE POST...please dont discard
I am a currency trader...i have been hearing about these online investment sites that are not regulated by FSA, NFA or CFTC...why do you people invest in these things when you know that u will lose m...oney.
For example all banks in europe are regulated by FSA, type ur favorite bank in fsa u wil find the name
My forex broker[ Alpari UK ] is also regulated like this
FSA Register number is : 448002
All commercial banks,interbanks, forex brokers in europe are regulated by FSA....if its not....then they are hiding something from you :P...dont invest money in such places
FSA checks the firm on a monthly basis and give detailed reports in their website...we can see if the company is legit and if it is having enough funds to compensate every client in case of complete shutdowns...every firm registered in FSA will be fined if they donot follow rules
What I came to know is all HYIPs, like GENIUS FUNDS, take money from people and invest in forex or futures market....they make huge chuncks of money with your hard earned cash and pay you only 6-8% weekly which compounds to around 30% monthly, which is nice ...where as in real forex market you can make atleast double that money and fund safety is guareneteed too, coz of FSA regulation.
Above all you can withdraw your money anytime you want and you have complete account transperency.. ie, you can see what is happening to your asset every time you open a trade.
Finally if you want to know anything else about forex markets, add me
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