[jafar00]

Originally Posted by faizfakhirin

is it true what you said?..there's no regulated for forex broker in russia?...

Yes. The Russian authorities do not regulate forex at all. Russian brokers that want to say they are regulated have to go elsewhere. For example, why do you think there is Alpari US (NFA regulated), Alpari UK (FSA Regulated), Alpari Russia (No regulation)?

For a broker to say they are regulated, they need to have a regulator in the zone they are registered in so the regulator actually has some kind of jurisdiction over them to make inspections etc... That's why companies like Alpari need separate companies to say they are regulated.

Originally Posted by enivid

We all know that offshore registration doesn't imply a real Forex regulation but nevertheless almost all popular MT4 brokers say that they are regulated :-). And I agree with you, it's not a good thing that brokers lie to their customers.

There are few actual forex regulators offshore. I know Seychelles, BVI, Belize don't actually regulate Forex although BVI is "thinking" of introducing a bill in parliament to allow limited forex regulation to take place.

Mauritius has a good government regulator for forex, stock and commodities brokers who operate offshore.

It's easy to find out if a broker is telling the truth about regulation and licenses. Just ask whatever regulatory authority they tell you whether they regulate forex or not. I did just that with the BVI which is how I know they have future plans.