FTCA Review Is Ftel-fx.com A Legit Forex Broker

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Technical Support

1: Regulatory policy

is a trading brand owned by UK , which was licensed and regulated by the Financial Conduct Authority (FCA) in 2020.

2: Financial Conduct Authority (FCA)

The basic functions of FCA are reflected in maintaining market integrity and protecting consumer rights. Market integrity refers to preventing market manipulation, fraud and unfair competition, protecting market participants from financial fraud and other unfair practices, thereby enhancing investor confidence in financial markets, maintaining financial market stability, and protecting consumption. The rights and interests of the company are reflected in the full and timely disclosure of market information to ensure the integrity and fairness of the company, securities and options markets to ensure that small and medium investors can obtain sufficient and accurate information when the investor’s rights are unfairly treated and suffer losses. , can be compensated by appropriate means.

FCA The perfect financial supervision system and strict enforcement have been unanimously recognized by investors and regulatory peers in various countries. It has long been recognized as the world’s most stringent, sound and most financial protection system that protects investors’ rights. One.
For more information on the regulatory requirements and details of FCA please visit FCA Official website: www.fca.org.uk

3: Unprecedented financial security

In the financial industry, the most important thing is the safety of customers’ funds. This is why is strictly enforced in accordance with regulatory requirements. Only by doing so can better protect the interests of customers.
Cooperate with the world’s top investment banks.
The funds are 100% safe and protected by regulation.
Ensure that the client’s funds are kept separate from the company’s operating funds and that these funds are not misappropriated by the company or our mobile suppliers under any circumstances.
Ensure that the client’s funds are deposited in an international bank with the lowest credit risk and high security.

4: Customer funds are stored in isolation

At , we have always put customer money security first. In order to comply with the regulatory requirements of FCA and to align with the client’s asset sources, we separate all funds belonging to retail customers and their own funds separately to ensure the safety of client funds. The funds of all customers around the world are deposited in a separate global top international bank.
Strictly implement the client fund segregation system, all client funds must be managed separately and stored separately in separate client funds bank accounts, not participating in any proprietary trading, business The systems and procedures are supervised and reviewed by internal and external auditors and accounting firms that we employ. Customers can rest assured that the funds are safe and will not be abused.

5: Fully audited broker

Auditing is very important and helps the public avoid fraud or corrupt business practices. Through auditing, it is possible to ensure that brokers comply with regulations and implement appropriate fair policies. Once the customer understands this information, they can be relieved of their concerns and know that their funds are kept in a safe place.
For a foreign exchange brokerage company, meeting all audit requirements is a complicated and expensive process, but we believe that auditing is absolutely necessary, so we can show our customers that our business is fully compliant with regulatory requirements in all aspects.
We are convinced that we must take these steps, such as conducting an audit to show our clients that we are truly adhering to the Gold Principles for financial security. We encourage you to conduct a full due diligence when choosing a broker and depositing your hard-earned funds.

6: Exclusive funding guarantee

When your funds are managed by a fund manager or any third party, gives you a unique opportunity to limit the damage they can cause through the “stop loss” feature in the background. If your account equity reaches the stop loss level you set, the transaction will be immediately deactivated. All open positions will be closed to ensure your remaining funds and prevent further losses.
In addition, allows you to control your agent’s trading behavior through an account. You can easily close all open positions by clicking the “Close” option in the “Online Reporting” interface.
When your account is traded by any third party, including anyone close to you, you must authorize and sign a license agreement.

Risk Tips:

Forex trading is a high-risk investment in all investment vehicles, and Not all investors are suitable. The use of high financing ratios for foreign exchange operations has advantages and disadvantages for traders. Therefore, before you decide to invest in foreign exchange, please be careful about your investment objectives, experience, and risk tolerance. You may lose some or all of your investment capital. Therefore, please do not use funds that you cannot afford to invest. Also, you should be aware of all the risks associated with foreign exchange investments. If you have any questions, please contact your financial advisor for proper guidance. Any individual who opens a real trading account is subject to the regulations of the country in which they are located, and these regulations vary from country to country. Please check with your local authority to determine the regulations in your country.

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is authorized and regulated by the Financial Conduct Authority (FCA),NO:760555.

TopedgeFX.com

Honest Trading Product | Reviews

Forex Reviews Ι Stocks and CFDs Brokers

When you want to trade Forex, Stocks, Futures, Cryptocurrencies, Bonds or CFDs, there’s always a broker or an exchange where you can open an account to facilitate your trading.

In fact, since trading became popular on the internet, hundreds of brokers have sprang up and they all masquerade as “the best brokers” to trade with on the internet.

Some of the features they use to lure traders include:

  1. Education capabilities
  2. Market research and analysis including weekly trade ideas
  3. AI software for trading
  4. High leverage and tight spreads
  5. Deposit bonuses
  6. Cutting-edge trading platform

Because there are literally hundreds of brokers on the internet offering the same exact thing, one may ask:

How do we choose the best broker and avoid the bad ones?

To answer that question, we’ve selected 3 brokers that we think have at least met industry standards.

These brokers are ranked according to features, level of customer support, regulations, reputation and many other factors.

On the other hand, we leave traders to decide which brokers they want to choose. Usually, one trader’s style is different from another trader’s strategy.

The two traders cannot be satisfied by one broker due to their varying trading styles and needs in general.

The list of the best brokers to trade with

As we’ve said previously, we’ll rank brokers based on their capabilities and most of these parameters are looked at in favor of the client.

So we’ll also look at how they handle customer funds, structure of their business, whether or not they’re regulated and also length of time that they’ve stayed in operation.

On top of that, we usually update this list to reflect any changes or actions that may have been taken against any broker by their respective regulatory authorities.

We’re only listing brokers that are regulated by financial organizations listed below:

Some of the financial regulators above are made up for independently governed agencies while others are operated by the Central bank of the country where the financial regulator is based at.

Our Ratings: 80/100

Withdrawal time: Under 24 hrs

MT4 and MT5: Yes

Minimum Deposit: $100

Support: Very Good

Our Ratings: 75/100

Regulated: FCA 19776 IBC 2020

Withdrawal time: Under 2 hrs

MT4 and MT5: Yes

Minimum Deposit: $50

Support: Very Good

Our Ratings: 75/100

Assets: Forex, Stocks, Options, Crypto

Withdrawal time: Under 2 hrs

Minimum Deposit: $10

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Strict Regulations for Forex Trading in Israel Start Tuesday

Finance Magnates took part in a learning day organized by the Israeli Trading Arenas Association on adjusting to the new

On Tuesday, a new regulatory regime for providers of forex and CFD trading in Israel will finally come into effect. This means that already established brokers will now have to operate in accordance with the demands of the Israel Securities Authority (ISA) in order to not be disqualified from receiving a “Trading Arena” license, as referred to by law.

Last week, Finance Magnates took part in a learning day about adjusting to the new regulations at the Tel Aviv Chamber of Commerce organized by the Trading Arenas Association for Israeli brokers. At the event, leading corporate lawyers as well as senior local partners from top international accounting firms and financial insurance experts presented the local brokers with their understanding of the new regulations and the services that they have tailored to comply with the law.

The experts explained all the new requirements of the Israeli Trading Arenas, such as compliance with the local SOX (internal controls and financial reporting) and even the American FATCA (Foreign Account Tax Compliance Act) to prove they don’t have U.S clients who don’t report earnings to the IRS. Firms will also need to have multiple insurance schemes to guard against client lawsuits, cyber attacks, server malfunctions, employee malpractice and other issues, costing millions of shekels a year depending on the size of operations.

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Beyond the costs of capital, manpower and time needed to comply with all the new regulations, brokers were also discouraged by ISA demands limiting their marketing abilities. Not only are the most common bonuses no longer allowed, but firms will need to display three disclaimers on each publication, making online banner ads ineffective as they will be mostly disclaimers. The brokers will also not be able to respond quickly to possible marketing trends as every new ad will need to be pre-approved by the regulator. One local broker complained that the goal of the ISA might not be to regulate the market but rather to completely kill it.

In contrast, the head of the Association, Itzik Noy, was optimistic that the regulations would actually lead to strong growth for the local forex brokers. Noy gave a speech at the start of the event saying that being officially licensed will help fight the demonization of the forex industry by the media, fueled by smears from the banks worried about losing retail traders. In his opinion, brokers will also now be able to expand to the institutional forex market, still dominated by the banks in Israel, once they get the government’s seal of approval. By setting up new legal barriers for entry, the head of the Association assured brokers that fraudsters and small time hustlers would no longer be able to tarnish the industry’s reputation. Noy once again promised that his organization would pursue any introducing broker (IB) or foreign firm attemptimg to target local clients without an Israeli license.

Israeli traders, while they might be a little put off by the lower maximum leverage, can also find brights spots in the new system. An independent arbitration committee headed by a retired judge was set up so that clients could iron out disagreements with a broker without expensive legal battles in the courts. Additionally, the demands for segregated client accounts and multiple types of insurance will safeguard their money in the case of a broker going bankrupt.

As long as the authorities do not clarify in practice how they plan to use their new powers to stir the industry – whether to simply regulate it or to outright stifle it for the benefit of the banks – it’s hard to predict their true intentions. The situation at present is that no brokerage is assured that it will receive a license from the ISA, and some might eventually be forced to withdraw from the market. Furthermore, interesting international players are rumored to be setting their sights on an Israeli license, including Plus500 and LMAX Exchange.

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