How important is licensing for a forex broker?

[Potuse]

Licensing is very important for forex broker because that is what the traders will always look out for before choosing a broker. A brokerag that is licensed indicate that it is a legitimate brokerage to utilise for trading. What do you think?

 

[Planbizzle]

A forex broker must often obtain a license in order to lawfully perform trading activity. Forex brokers must follow regulations established by regulatory organizations in order to carry out their operations in a candid and equitable manner.

 

[Ononivami1]

A forex broker must often obtain a license in order to lawfully perform trading activity. Forex brokers must follow regulations established by regulatory organizations in order to carry out their operations in a candid and equitable manner.

It is very necessary for a broker to receive licence because that is what the traders would always want to see in order to confirm the legitimacy of the trading platform and if there is no licence, it will be talked as an illegitimate broker.

 

[Yohanna]

It is very important for a forex broker to get licence from the apex body because that is what will make people to trust their platform and they will want to join as well.

 

[Potuse]

It is very important for a forex broker to get licence from the apex body because that is what will make people to trust their platform and they will want to join as well.

In addition, it is very good for forex broker to obtain licence . However, getting licence will restore confidence for traders and they will choose your broker.

 

[Ononivami1]

A forex broker that needs to be recognised in the forex market and by the traders, need to obtain licence . The licence is very important and it determines the legitimacy of a particular broker.

 

[Yohanna]

A forex broker that needs to be recognised in the forex market and by the traders, need to obtain licence . The licence is very important and it determines the legitimacy of a particular broker.

It is mandatory to have a licence as a broker because that is what will project your services and it will gain trust. Investors always want to see brokers that are licensed.

 

[Mayorla]

As a Forex broker, It is important for you to be licensed. Having a license helps to confirm that you are legitimate. No trader would want to invest with you except you are licensed. Getting licensed is not hard.