Ready To Open A Live Trading Account?
Trading the Forex market is a high risk investment not just because of the volatility this market brings, but also because of unscrupulous brokers that abound. So before you open a live account, it is important to do your due diligence in picking brokers.
At Forex Club Asia, we trade with and recommend the following brokers:
Click on the Logo of the broker to get started. Please note that you will be brought to our Forex Club Manila Page for additional instructions Forex Club Manila and Forex Club Asia are both trade marks of Businessmaker Academy, an authorized referring broker for both FX Solutions and FXCM:
These Brokers have passed our 3 simple and practical criteria
1. The Broker must be registered and regulated by either the CFTC (Commodities and Futures Trading Commission) for US based brokers or the FSA (Financial Services Authority) for brokers based in the UK. The Broker must also be a good standing member of the NFA (National Futures Association) for at least 5 years.
2. On top of the regulations above, if the broker is operating in a country outside of the USA or the UK, they must also show that they are regulated by the appropriate government entity in that country. i.e. Securities and Exchange Commission, Futures Trading Commission, Etc.
3. The Broker must be “Liquid” and must exceed the capitalization requirements of the NFA / CFTC / FSA . As a test of this liquidity, the Broker must be professional and prompt in their funds withdrawal processing. When a withdrawal form is sent to them the time it takes to process and transfer the money back into the traders local account should never take more than 5 business days.
Risk Warning: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with forex trading, and seek advice from an independent financial advisor if you have any doubts.