Check-lists to consider for selecting an FX broker

By Marc Burki, CEO of Swissquote Bank

First Published: e-Forex Magazine 56 / Expert Opinion / April, 2014

What sort of simple but important background checks would you advise traders to undertake about any broker before they commit to using them? The most important first step is making sure your broker is regulated by an independent financial regulating authority.  The fact that Swissquote is a bank and authorised as such by the authorities gives us extra credibility over other firms.  It is a guarantee of security for the traders investing on our platforms.  Our clients appreciate that Swissquote Bank is licenced and regulated by the Swiss Financial Market Supervisory Authority (FINMA).  Additionally, our subsidiaries are authorised and overseen by local authorities.  Our London-based office, Swissquote Ltd, is regulated by the Financial Conduct Authority (FCA) and Swissquote Asia Ltd, based in Hong Kong, is overseen by the Hong Kong Futures and Securities Commission.   How much importance should traders place on the available leverage offered by a broker and can less...continued

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