In the United States, Forex brokers Dna Scalper are regulated by the Commodity Futures Trading Commission or the National Futures Association. A regulated Forex broker in Australia is governed by the Australian Securities and Investments Commission. Other countries have similar governing bodies.It doesn't really matter where your broker is located since the Forex market is global. But here are a few other qualities to look for in a regulated Forex broker:
Low Transaction Costs. Obviously the smaller the spread the better. Pip spreads vary by broker (and also by currency pairs), so shop around for competitive rates.Currency Pairs Available. Whatever broker you choose should at least have the big seven currencies (AUD, CAD, CHF, EUR, GBP, JPY, and USD). But if you are planning to trade Danish krones or New Zealand dollars, you'd better be certain that your broker is able to do so.
Immediate Execution of Orders. Currency prices are constantly moving up and down and any delay in the execution of your order can cut into your profits or add to your losses. Look for a broker that can consistently execute your trade at the price you see on your screen. An occasional delay is understandable, but if you find it happening frequently, start looking for new broker.
