Forex Learning: How to use the license information on FxGecko to check if a forex broker is legitimate?
2023-03-22 18:13:51
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License information is a very important indicator to check whether a forex broker is legitimate or not.

When a forex broker claims that it is regulated, do not blindly believe it, but check it out for yourself.

You can go to the official website of the corresponding regulator to check the license information of the forex broker, or you can directly search the name of the forex broker on the FxGecko APP and then check whether its license information is true and valid.

The following describes how to use the license information on the FxGecko APP to check if a forex broker is legitimate.

1. Check if the broker's status is "regulated", if not, it is not legal.

2. If it is "regulated", check if the regulator is an authority that has strict regulations for forex brokers, such as FCA in the UK, ASIC in Australia, NFA in the US, MAS in Singapore, SFC in Hong Kong, FMA in New Zealand, etc.

3. Click on the license details to check whether the name of the regulated company matches the company you opened your account with, and whether the company's regulated activities match the services it provides to you.

4. Use only the contact details listed by the regulator to deal with the broker to avoid falling into the trap of a cloned firm.

If you come across any suspicious forex brokers or crypto trading platforms, you can post or expose scams on FxGecko APP.

Download FxGecko APP: https://www.fxgecko.net/en_US/downloadApp.html

r/FxGeckoAPP - Forex Learning: How to use the license information on FxGecko to check if a forex broker is legitimate?

r/FxGeckoAPP - Forex Learning: How to use the license information on FxGecko to check if a forex broker is legitimate?

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